Ross School - Senior Projects 2012

 

 

Student: Lei Ding

Mentor: Marty Cooper

Domain(s): Business, Math

Faculty Grader: Jody Heneveld

 

 

Documentation of Product

 

 

Title: A School Store

Description:

For my Senior Project, I planned to open a school store. During the process, I had to find an appropriate space, research my market to find out what items would be popular in the store, find a company from which to import goods, keep inventory and set up an appropriate accounting program. I also had to advertise the store to attract people to come, decided what sales strategy to use, find employees for the store and figure out how to keep the money safe. The product of my project resulted in a business proposal, which will be reviewed for viability at Ross School.

 

Details:

 

Index_files/Presentation_Senior Project_Lei Ding.pptx - Senior Project Presentation

 

Exhibition & Presentation Summary

 

 

For my Senior Project, I decided to do something related to business and something unique that nobody has done before. I thought about a lot of different fields such as art, wellness, films, photography and Chinese culture. I couldnÕt find anything that is distinctive and interests me. Eventually, I planned to open a school store because I have been in Ross School for 4 years and I wanted to do things that will improve the Ross School and benefit the Ross community. According to my four years experiences here, I think there is an international market here because the expansion of international populations here. I asked Liz Dobbs to be my mentor because she had the same idea of opening a school store. She is also the head of the Ross Cafˇ and she knows way more about business than I do. I worked closely with Liz Dobbs during the first two months. However, we ran into many issues and my project turned out to be very complex and difficult since the project is school related and will have a huge impact on the school. Due to time availability, I switched my mentor to Marty Cooper and his office is a potential store location. Liz Dobbs became my outside consultant. All of us meet together every Wednesday to discuss about my project although we sometimes have different ideas. Before the thanksgiving break, I found out that the store would not open because school did not want to put in a decent amount of capital start up monies for a school store. I didnÕt have anybody to invest my business. Unfortunately, schoolÕs decision changed my whole project and I had to write a well-designed and well-constructed business plan instead of opening the store. It was totally different than open a store and put it into practice. However, I did not have a choice. During the process, I had to find an appropriate space, research my market to find out what items would be popular in the store, find a company from which to import goods, keep inventory and set up an appropriate accounting program. I also had to advertise the store to attract people to come, decided what sales strategy to use, find employees for the store and figure out how to keep the money safe. The product of my project resulted in a business proposal, which will be reviewed for viability at Ross School. I had many challenges such as communication with people to discuss the project, to cooperate with others about my own idea, to stay on track with my project and process folio and lack of email responses. After I have done my project, I learned a lot of new knowledge about business. For instance, I learned how to make a business plan, different accounting systems and English paper editing skills. In the future, I think I will stay with business and major it in college because my dad is a successful businessman and he wanted me to follow his path. I will also learn things about international relationship that will help me on my future business career. In the end, I want to say that I appreciate Ross School for giving me this opportunity to do my project and offer me useful sources. In addition, I felt grateful to Ross School for giving me a stage to present my project to other students.

 

 

Bibliography or Works Consulted

 

"Belmont High School Web Site. Belmont High School Store." Belmont Public Schools | Belmont, Massachusetts. Web. 24 Jan. 2012. <http://www.belmont.k12.ma.us/bhs/store/>.

 

"Burlington Coat Factory Can Be Really Generous Sometimes." Cambridge-medical.com. Web. 24 Jan. 2012. <http://www.cambridge-medical.com/shopping/clothing/burlington-coat-factory-can-be-really-generous-sometimes>.

 

Business Plan Writer | SBA Business Plans Service | Hire Best Business Plan Writers. Web. 24 Jan. 2012. <http://www.bizplancorner.com/>.

 

"Green Harbor General Store." RecipeBoy. Web. 24 Jan. 2012. <http://www.recipeboy.com/2011/08/green-harbor-general-store-the-genny/>.

 

"Regis High School Store." Regis High School. Web. 24 Jan. 2012. <http://www.regis-nyc.org/store/>.

 

"Retail Relic: BennyÕs Home & Auto Stores." Labelscar: The Retail History Blog. Web. 24 Jan. 2012. <http://www.labelscar.com/retail-stores/bennys-home-and-auto>.

 

"School Store at Haverhill High." ClassJump.com - Free Websites for Teachers. Web. 24 Jan. 2012. <http://www.classjump.com/h/haverhillhighschoolstore/>.

 

"School Store - Middleton High School." Welcome to Middleton Cross Plains Area School District | Middleton Cross Plains Area School District. Web. 24 Jan. 2012. <http://www.mcpasd.k12.wi.us/mhs/student/store.cfm>.

 

Segel, Rick. Retail Business Kit for Dummies. New York: Hungry Minds, 2001. Print.