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Business Model Presentation

Transcript: Start Up Capital Divine Desserts Baked Goods Catering will require a minimum start up capital in the amount of $650.00 break down as follows: Materials and Supplies-----------------: $80.00 Labor-----------------------------------: $400.00 Miscellaneous--------------------------: $50.00 Electricity-------------------------------:$100.00 5% Mark-up Incidental-- ---------------: $31.50 Revenue & Profit Divine Desserts Baked Goods Catering will be generating revenue by charging premium price for its services. The services rendered will be determined by both the order and set price for the requested product and the customers position in the school. The cost structure is as follows: 100 Cupcakes x $2.50----------: $250.00 100 Tarts x $2------------------: $200.00 200 Cookies x$3----------------: $600.00 Customers Junia Washington Entrepreneur Business Institute 2014 International Capital Management Company Ability Divine Desserts Baked Goods Catering provides diversity and variety in its products. Multiple orders with services provide quality products for an accommodating price to the customer. This business differentiates itself from competitors in regards to its customer service while producing its products & services. Business Model Presentation Conclusion Junia Washington: President & CEO Business Manager Marketing Director Baker Deliverer Team Members Introduction My Target Customers Are: School Students Faculty & Staff Parents Divine Desserts Baked Goods Catering will be occasionally promoting its services using social media networks, physical advertisement, and word of mouth advertisement. Profit Margin "We Bring Desserts to You!" Divine Desserts Baked Goods Catering profit margin will be estimated as follows: Total Revenues----------------------: $1050.00 Cost of Materials Supplies-----------------------------: $80.00 Labor--------------------------------: $400.00 Profit Margin------------------------: $570.00 Products & Services Divine Desserts Baked Goods Catering provides reliable, dependable, and professional services. Employees have extensive experience with baking services and food heath. Skill sets also include culinary arts and design in regards to producing the best products and services. Divine Desserts Baked Goods Catering provides diversity and variety in its products. Multiple orders with services provide quality products for an accommodating price to the customer. This business differentiates itself from competitors in regards to its customer service while producing its products & services. In order for the business to be successful, the start up capital in the amount of $650.00 is requested. Given the demand for the products and services, the company intends to make $570.00 of profits within the first month of services. Divine Desserts Baked Goods Catering

BUSINESS MODEL PRESENTATION

Transcript: PRODUCT Introduction Smart devices Eye-wear industry INDUSTRY INDUSTRY PRODUCT DESIGN PRODUCT DESIGN Eyesight of people worsens every year Replacing lenses after every 6 months is a burden. Weak eyesight people cant see faces of people clearly even if they are only at a small distance away. People with weak eyesight can't see words on banners, board etc even if they are a few feet away. Problem Problem Product auto focuses and zooms in on faces, images and text which eliminates going closer to the object/person. No need to replace lenses after every 6 months. You will see with clarity SOLUTION SOLUTION Who do you help? Customer Segments Customer Segments # 1 People with weak eyesight # 2 People of 15-85 years old UPPER AND UPPER MIDDLE CLASS # 3 Who will help you succeed? KEY PARTNERS Key Partners # 1 Investors Glasses retail shop # 2 Material supplier # 3 Technology developer # 4 What are you going to do? KEY ACTIVITIES Key Activities Manufacturing # 1 Collaboration # 2 Answer queries # 3 Research and Development # 4 Understanding specific customer demand # 5 How will you help people? VALUE PROPOSITION Value Propositions See clearly than ordinary spectacles # 1 No need to replace lenses # 2 No scratches # 3 How do you interact with people? CUSTOMER RELATIONSHIPS Customer Relationships Manufactured and end user relationships # 1 Automated online relationships # 2 Web base demo # 3 # 4 How do you deliver the product? CHANNELS Channels # 1 VIDEO AND CONTENT MARKETING # 2 # 3 Hospitals # 4 High end glasses store # 5 Word of mouth # 6 What do you have? Key Resources In house design team #1 Manufacturing specialist # 2 Lab/Manufacturing facilities # 3 COST STRUCTURE Cost Structure Infrastructure # 1 Legal cost # 2 # 3 # 4 How will you make money? REVENUE STRUCTURE Revenue Streams # 1 Revenue through glasses retail partner # 2 Extended warranty # 3 Battery replacement # 4

Business Model Presentation

Transcript: Whom would it be beneficial to partner with? Revenue model- Relies upon repeat custom Additionally, provides smaller "impulse" products to increase revenue per client Customer relationship strategy- No "Strategy" per se, however has a strong relationship with clients due to revenue model Could optimize time with clients further- employ or manage time? Customer relationship management- follow up call, but heavily relies on lasting impressions of initial service Wendy has been extremely efficient in performing her activity. Her main activity (nails) is working very well and she has a strong clientele. Her other activity (accessories) has allowed her to make comfortable profits. Customer Segments – who are your customers? Revenue Streams Doesn't have specific strategic partners However, has some relationships Difficult to build strategic partnerships due to level of business activity Little dependency on current "partners" Customer Relationships – how do you relate to entrepreneur clients over time? Channels How dependent are we on our current partners? Value proposition satisfy customers’ needs. Wendy brings her personal touch, best service. Wendy’s value proposition well perceived by customers. Customers come back and advise others to visit her. Competitors offer similar value proposition but Wendy is 20% cheaper. Value Proposition Nail material suppliers- Large choice of other online suppliers Scarf Supplier- Back up scarf supplier has been sourced Bracelets- mass produced, always stock, easily attained from numerous sources Do we use partners enough? Cost Structure Could merge with another small company in the future Employ/partner with a beautician to extend product range and appeal Local retailers- offer Wendy House gift vouchers and post marketing materials Wedding planners- could be included as part of a wedding make-up package The Wendy House Partner Network Key Resources Business Model Presentation Key Activities How well do we work with these partners? Low cost business model is consistent through the low cost pricing in comparison to local competitors How lean is The Wendy House: Eliminate waste- No Free up capacity- No Clear process- Yes Lean accounting- very poor Highest costs- outsourced products, however stock can be held reducing risk Suppliers are beginning to offer perks However, little bargaining power due to small activity "Aromaworks" partnership is mutually beneficial, however more higher profits could be gained Primary suppliers are offering little incentives/perks SalonServices and EBay offer a range of possibilities regarding the supplying of nail products sold at the Wendy House. Bracelets are purchased from BohoBetty.com , no need for an emergency re stock due to the number of customers who visit the Wendy House. All scarfs supplied and not sold at the Wendy House can be returned to its original supplier free of charge. New designer sunglasses being sold in store in order to increase range of products. Partnerships could be later developed when the business further expands: Strategic supplier relationships Other small start ups (Mergers?) Distribution channels for E-Commerce Works with "Aromaworks", sells their products for a cut "Boho Betty" Supplier for bracelets All UK based suppliers Revenue is sustainable due to the in house experience and service customers receive at The Wendy House. Wendy sells a range of products even though she specifies on nails. Wendy strongly depends on customer loyalty in order to sustain her revenue resources. She is recognized as a specialist regarding nails, her prices are lower than her competitors.

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