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HSA 65th Anniversary Book

• To provide an organization with facilities and some capital through which students of the university could be encouraged to develop and to manage small businesses that might provide funds that could be applied to the cost of their education. • To afford needy students of the university the opportunity to earn substantial amounts of money for brief periods of work through the exercise of energy and ingenuity. • To encourage students to explore the business community as a potential career choice. • To enable students to gain valuable experience and to develop a sense of the excitement and responsibility involved in the management of small enterprises.

• To provide an organization with facilities and some capital through which students of the university could be encouraged to develop and to manage small businesses that might provide funds that could be applied to the cost of their education.
• To afford needy students of the university the opportunity to earn substantial amounts of money for brief periods
of work through the exercise of energy and ingenuity.
• To encourage students to explore the business community as a potential career choice.
• To enable students to gain valuable experience and to develop a sense of the excitement and responsibility involved in the management of small enterprises.

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fy

10

FEBRUARY 1, 2009 –

JANUARY 31, 2010

PRESIDENT

Daniel

Lee

OFFICES

67 Mt. Auburn St.

17 Holyoke St.

52 JFK St.

Holyoke Center Arcade

The financial crisis hits HSA like

a ton of bricks

If the late 2000s were one long night, FY10 was its darkest

hour. The Great Recession forced many already-strained

agencies to immediately contract — or else go under.

Senior management went through every line of the HSA

budget, from building contracts to phone lines, with a

fine-toothed comb. The CCFE was among the hardest hit,

unable to rustle up its usual sponsorship contributions

from the floundering finance industry. (In 2007, Lehman

Brothers was one of the biggest sponsors of the Business

Leadership Program; in 2009, not so much.) HSA

Publications and Distribution also struggled as pennypinching

clients turned away from print advertising.

A day at the beach at the Maine home of

Vice President Heather Furman ’11.

Despite strong term-time laundry plans, HSA Cleaners was hit hard by Harvard’s decision to cut the

number of summer sessions from two to one, slashing the number of customers for lucrative laundry

and linen services. On the bright side, the agency gained a new website and, after ill-fatedly bringing the

freshman-linen program in house the previous year, found a new outsourcing partner that agreed to buy

up the existing inventory. After pursuing ventures that ultimately proved unfruitful, HSR focused on

rebuilding its websites and reining in costs. Overall, though, HSA’s cost-cutting could not keep up with

the plummet in revenue, and the corporation suffered its steepest net losses of the era. To add insult to

injury, HSA’s websites all mysteriously went

down in March, forcing HSA’s tech wizards

to overhaul the entire back-end architecture.

Oliver Koppell speaks at Let’s Go’s 50th-anniversary

celebration in January 2010.

won the i3 and took up residence on the fourth floor of Burke-McCoy Hall,

newly dubbed the Innovation Space; although it didn’t become an HSA

agency, it remains a thriving business today. Another i3 winner took flight

as Rover made its App Store debut with full Unofficial Guide content for the

iPhone and iPod. Its sights set on future development projects, Rover officially

gained agency status this year.

By far the biggest success of the year came from The Harvard Shop, which launched several partnerships that would form the

bedrock of the agency’s success for years to come. Chief among these was a partnership with Unofficial Tours, which agreed to

drop tourists off at the shop at the end of its popular “Hahvahd” tour — a blockbuster deal that attracted tens of thousands of

new customers per year. The Harvard Shop also reestablished an existing relationship with the Harvard Kennedy School while

launching a new one with the Graduate School of Education, for which The Harvard Shop became the official vendor. Sure, there

were setbacks — the website crash was particularly dire for The Harvard Shop’s web sales — but nothing could stop the Harvard

Shop juggernaut; Lukáš Toth cast his reparo spell and built a new site from the ground up in just a few days. Add it all up, and The

Harvard Shop officially became HSA’s largest agency in FY10. (Oh, and a full year of revenue from the Holyoke Center location

certainly didn’t hurt.)

The 2010 series marked the beginning of a new era at Let’s Go. In tandem with Avalon and TAN, Let’s Go rebranded itself —

this time voluntarily — as “the student travel guide” for the first time since the 1970s. After a 41-year hiatus, the hot-air balloon

soared once again to the top of the new, red-accented vintage covers. Thanks to the new publishers and the magical conjurings

of Alex Tremblay, full book content hit www.letsgo.com for the first time ever in June, joining RW blogs, videos, and a regular

e-newsletter. Another new partnership, with outside ad-sales agency Edman & Company, spelled the end of Let’s Go Ad Sales

after several years of bleeding advertisers and money.

HARVARD

STUDENT

AGENCIES

There were a few bright spots. Dorm Store

squeezed out some extra revenue with

Round 2 of the Harvard-Yale shuttles and by

absorbing Cheapside Foodery to create HSA

Market Day, a service to deliver preordered

food and snacks in bulk to Harvard houses.

Distribution signed a deal to deliver the

Harvard Crimson, and Her Campus, an online

magazine targeted at female college students,

Bittersweetly, a more efficient business model allowed Let’s Go to up its book

output while also downsizing its office staff, which welcomed the new positions

of Research Managers and Staff Writers (via Let’s Go’s first comp process!) to

the fold. As a result, the 29 employees and 37 RWs now frolicked exclusively

on the third floor. A flurry of book-making churned out 25 guides, the most

since 2005, including six new titles (although an epidemic of swine flu nixed

the proposed Let’s Go: Baja California). The Unofficial Guide, now once again

firmly in Let’s Go’s editorial clutches, was also reformatted to resemble a Let’s

Go city guide and expanded to Boston University.

Furman and managers Austin Chu ’10 and Priya Karve ’12 assist

excited prefrosh at HSA’s prefrosh-weekend open house.

LET’S GO TITLES

• Europe

• Great Britain

• France

• Italy

• Greece

• Israel

• Spain & Portugal

• New York City

AGENCIES

• Germany

• Paris

• Rome

• Central America

• Boston

• Western Europe

• Barcelona

• Costa Rica

• Thailand

• Roadtripping USA

• Buenos Aires

• Berlin, Prague & Budapest

• Costa Rica, Nicaragua

& Panama

• Florence

• Guatemala & Belize

• London, Oxford,

Cambridge & Edinburgh

• Yucatán Peninsula

OTHER TITLES

• The Unofficial Guide to Life

at Harvard

• The Unofficial Guide to

Prefrosh Weekend

• The Harvard Guide to

Summer Opportunities

• The Unofficial Guide to Life

in Boston

• The Unofficial Guide to Life

at Boston University

• HSA Cleaners

• Let’s Go Publications

• Harvard Student Resources

• Harvard Distribution

Services

• HSA Publications

• Cronin Center

for Enterprise

• The Harvard Shop

• HSA Dorm Store

• Rover

92 HSA 65th Anniversary History Book 93

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