Business Proposal

All Thumbs: Texting Assistant by Hannah Wetzel

Purpose:

Ever been texting for a long time and worn out your thumbs trying to reach all the keys? The All Thumbs Texting Assistant is here to help you continue to text by providing you a helping hand, or a helping thumb! These easy to wear, realistic thumbs are carefully designed to help you text at up to four times the speed. Simply slip on the wristbands and position the thumbs above your phone’s keyboard, and continue texting, now at four times the speed!

Supplies:

Ceramic modeling compound, hair ties.

Production:

Workers will produce this product via assembly line to maximize efficiency. One part of the assembly will be responsible for molding the thumbs into shape. The second part of the assembly will be attaching the thumbs to the hair ties. This method will take around 10 minutes for bulk batches of around 25 to be produced if the assembly line runs from 8 a.m to 5 p.m.

Costs:

The product can be produced at a low price, but if demand is high, additional materials will need to be purchased in order to meet demand in addition to the original supplies.

One of my product:

$14.14 for 1 lb for ceramic modeling compound -- $0.80 per product

$0.80 for 2 hair ties

Total Cost = $14.94

Cost per item when making 1 = $1.60

100 of my product:

$69.44 for 6 lbs of ceramic modeling compound

$9.59 for a pack of 200 hair ties

Total cost = $79.03

Cost per item when making 100 = $0.79

1000 of my product:

$523.20 lbs for 60 lbs of ceramic modeling compound

$160 for a pack of 2000 hair ties

Total cost = $683.20

Cost per item when making 1,000 = $0.68