Board Minutes March 2018: Difference between revisions
→BWN Shop Update - Mike S. (15 min)
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** Costs are known at each location, although revenues are less certain. | ** Costs are known at each location, although revenues are less certain. | ||
** Lack of cash reserves means less cushion if revenue is low. | ** Lack of cash reserves means less cushion if revenue is low. | ||
** Under what conditions can we make a move? Can those | ** Under what conditions can we make a move? Can those come to fruition soon? | ||
* General Thoughts on BWN Status: | |||
** Consolidate the two BikeWorks locations | |||
** Move to a downtown location would be close to downtown, the bike grid, MacEwan students. Shut down North shop and look for ideal location without pressure of dovetailing with lease. | |||
** From a financial perspective, not a good idea to move into a new space that will have costs and less certain revenue. Might not afford new location. | |||
** Should do the fiscally-responsible thing. Coming up of BWN lease is a good time to reconsider our choice of location. | |||
** Focus on revenue is the wrong focus; shift that to soliciting sponsorship. | |||
* Options on the table are keep BWN open, move location of BWN, or shut BWN down. | * Options on the table are keep BWN open, move location of BWN, or shut BWN down. | ||
1 Shutting down BWN | 1 Shutting down BWN | ||