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 | * Options on the table are keep BWN open, move location of BWN (immediately after lease or after a period of time), or close BWN. | ||
* General Thoughts on BWN Status: | * General Thoughts on BWN Status: | ||
** Consolidate the two BikeWorks locations | ** Consolidate the two BikeWorks locations | ||
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** BWN does offer a lot to the community, despite lower revenues | ** BWN does offer a lot to the community, despite lower revenues | ||
** Can't say anything definitive. Limited potential of BWN location, even after renovations. | ** Can't say anything definitive. Limited potential of BWN location, even after renovations. | ||
** | ** Business perspective - work on rebranding and relocation in conjunction, which could save money. | ||
** Consider that not all the expenses of BWN will be eliminated if BWN is shut down (such as salary costs that are currently being split). | |||
* How to move forward? | |||
** Before the next meeting, put together the other options (locations) including the cost. | |||
** Put together a spreadsheet with all options, assumptions for revenue/growth, costs of moving (led by Ali/Geoff/Mike S./Chris Chan) | |||
** Create options for scenarios in the spreadsheet (if shop fees or parts costs were changed) | |||
** Ask Neil for current YTD, and financial position of EBC | |||
=== Volunteer Survey - Karli (15 min) === | === Volunteer Survey - Karli (15 min) === | ||