Board Minutes March 2018: Difference between revisions
→BWN Shop Update - Mike S. (15 min)
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** 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 come to fruition soon? | ** Under what conditions can we make a move? Can those come to fruition soon? | ||
* Options on the table are keep BWN open, move location of BWN, or shut BWN down. | |||
* General Thoughts on BWN Status: | * General Thoughts on BWN Status: | ||
** Consolidate the two BikeWorks locations | ** Consolidate the two BikeWorks locations | ||
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** 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. | ** 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. | ** 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. | ** Focus on revenue is the wrong focus; shift that to soliciting sponsorship. Garner sponsorship prior to getting new location. | ||
* | *** Sponsorship opportunities that are currently on the table are for smaller amounts ~$5,000-$10,000 | ||
*** Consider asking EBC members for money (doing a fundraising campaign) | |||
** | *** Crowdfunding campaign was done with BWS relocation. | ||
** BWN does offer a lot to the community, despite lower revenues | |||
** Can't say anything definitive. Limited potential of BWN location, even after renovations. | |||
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=== Volunteer Survey - Karli (15 min) === | === Volunteer Survey - Karli (15 min) === | ||