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BFC Business and Finance Committee

BFC Business and Finance Committee. ( Nov . 17 th 2010) Report: Adam VanWart. Agenda. Previous Committee Report Section Total: 21 min Report on ASUCI transportation 7 min Example business plan 7 min past cases possible scenarios Survey report 7 min

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BFC Business and Finance Committee

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  1. BFCBusiness and Finance Committee (Nov. 17th2010) Report: Adam VanWart

  2. Agenda • Previous Committee Report Section Total: 21 min • Report on ASUCI transportation 7 min • Example business plan 7 min • past cases • possible scenarios • Survey report 7 min • Future tasks for next meeting Section Total: 15 min • Second example business plan 5 min •  Legal issues report 5 min • past cases • possible scenarios • Investment report 5 min • New Frontiers Section Total: 10 min • Advertising? 10 min • Food and drink Total meeting time: ~50 min

  3. Previous Committee Report •  Attended by:Steve Chang; Issa Moody; HanozSantoke; Jordan Vincent; Adam VanWart; Christina Zabat-Fran; Stephanie Van Ginkle • Refer to previous minutes in committee report BFC Minutes (10-20-10).

  4. Member Volunteered Action(s) • Hanoz: • Brief report on ASUCI shuttle services • Issa: • Decide winners of survey, rough-draft business plan • Steve/ Christina: • Legal issues regarding AGS Business investments • Stephanie: • Possible money generating ideas

  5. Preface • Rubrik for creating a business plan(s). • Handout…

  6. BFC Rubric Jordan C. Vincent 10/20/10 1. Business Ideas 2. OK with UCI Administration? How to Fund? no yes yes no yes no 3. no yes Explore further funding opportunities. Write up report explaining, “why not.” Trash idea, write up brief summary. Pursue idea. 4. Bring vote to council. 5. Business magic awesomeness.

  7. Hanoz • Meeting with Tim Rudek and Ryan Grip • What issues overlap ours with transportation? • Future questions: • Can we fund? Is endeavor okay with UC Admin? • General thoughts and impression. Next steps are….

  8. Issa • What does a business plan look like? • Goals, outline, projected numbers… etc • Business plan template: • Where was business template pulled from? • What ideas from survey can easily be put into a business plan template. Next steps are….

  9. Steve/ Christina • Take II: • Legal issues regarding investments: • What precedence has been set from other UC student governments. • Legal issues regarding business: • What arrangements between the University and student governments have not worked? • What is the worst it can get? • What legal precautions should we take?

  10. Future Action Item (1) • Who may we meet with regarding a barber shop? • Who may we meet with regarding a barber shop? • Could we partner with ASUCI on this as well?

  11. Future Action Item (2) • Rough draft business plan -> phase II • Write-up second rough draft business plan • Are we able to use student center rooms for a business of some type (like a barber shop)? • Write-up rough draft business plan for barber shop?

  12. Future Action Item (3) • Legal precedent for AGS?: • Previous litigation with ASUCI? • Present short report in *.pdf format referencing past litigation.

  13. Future Action Item (4) • Meeting with Parham • Investment of 50 K

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