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Mikes Bikes Presentation Preet Parekh , Cho Shing Sze , Naijuan Fu , Guichi Guan

Mikes Bikes Presentation Preet Parekh , Cho Shing Sze , Naijuan Fu , Guichi Guan. Mission Statement. ” Provide a new, safe, healthy, and creative trend towards the lifestyle of our customers”. Final Performance. *Final SHV ： $ 4.60 *Final Profit after Taxes: $ 427,102

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Mikes Bikes Presentation Preet Parekh , Cho Shing Sze , Naijuan Fu , Guichi Guan

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  1. Mikes Bikes Presentation Preet Parekh, Cho ShingSze, Naijuan Fu, Guichi Guan

  2. Mission Statement ”Provide a new, safe, healthy, and creative trend towards the lifestyle of our customers”

  3. Final Performance *Final SHV：$4.60 *Final Profit after Taxes: $427,102 *Final Debt to Equity ratio: 0.11% *Final Profit Margin: $5,987,850 *Final Market Share percentage: 11.9%

  4. Debt to Equity Ratio -1.00% Beginning Kept Debt 1.00% until rollover 5 - 0.11% end

  5. Team Strategies and Objectives 1.To Raise Awareness Advertising, public relations and branding work together Compare Market Research Report Road 0.21 Moutain 0.32 Youth 0.46

  6. 2.Sellmore, keep costs low and make profits • To spend enough but accurate production based on market size，previous sales and capacity • To eliminate waste, increase efficiency • To economize the internal costs pay off long-term debt

  7. 3.High quality with affordable price 4.Unique services We are the only firm that provide personalized, high quality bikes.

  8. Decisions • We took risks: • Priced Low • Only sell one line of products • How we spent our cash • Large sum into advertising and public relations • Upgraded Product spec and cost • Issued dividends

  9. Market Summary

  10. Outcomes • Public awareness for each bike was just where we wanted • Sold more mountain bikes than predicted • Profit increased due to • HIgh Price • Increased sales from upgraded product specs • Increase little bitShareholder Value (SHV)

  11. Products

  12. Analysis/Interpretation • Taking risks are necessary • Don't be afraid to spend your cash, or even take out a loan • Examining the market is extremely important for success • Sales will increase if bike quality, appearance, and awareness are high • Profit will also increase from increased sales, and lower production costs

  13. Future Outlook • Broaden Our Market • Increase Quality & Efficiency • Audit Expenses • Accurate & Beneficial decision • Upgrade Product Spec • Reduce Product Costs • Repurchase Shares • Increase Distributions

  14. "If I only Knew What I know Now" • Introduce more products into the markets • Proper Spending • Advertisement • Public Relations • Calculating our potential profit before rolling over • Distribute funds more effectively • Don't be afraid to take risks and spend more money

  15. Conclusion • Good decisions and bad mistakes • Definitely could have made better choices • Importance of analyzing the market and competitors • Take risks, but also well-thoughtout risks

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