Business Proposal
By: Samina, Annie, Abby
Tutoring service/business
Goals and Objectives
01
Why?
We chose this specific service for our business because it is beneficial to students who require assistance with education and academics; there is a large demand for it.
How?
By creating a helpful business to fulfill a student’s/parent’s goals in school.
This service is designed with a simplified cost structure and business model in mind.
What?
Our service elements
=> for students/parents willing to help their children
Fixed Cost (Initial Startup Costs) | Variable Cost Per Unit |
Training Cost
| Materials/Equipment: pens, paper for tests and homework, textbooks |
Legal fees | Labor/Income |
Promoting, Marketing | Students |
Transportation | Advertising/Marketing/Promoting online |
Important Strategies
4. We have specific, and ecological prices for hours per student
2. Team up/collab with bigger companies to expand your business
3. Build websites, online profiles
Benefits from our Strategies
⇾ This indicates that our service is unique compared to others, better than our competitors
Earn a lot of money through tutoring needed for customers.
Students this year are enrolled in a new, harder program compared to the past year’s education, with many students finding it challenging to process. This is where our tutoring program comes in.
Encourages higher level of thinking.
While tutoring your students are more common in lower grades, higher grades sometimes don’t have the right resources to strengthen their knowledge. This is where the tutoring comes in, specially designed for all grades.
Improves academic performance, and personal growth.
Tutoring students in grades below can help you have good memory, since the stuff we are learning right now can be carried on until university and your future jobs.
Variable costs | Per unit |
Labor | 200.000VND |
Students (max) | 50.000 VND |
Material | 50.000 VND |
Transportation | 70.000 VND |
TOTAL COST | 370.000 VND |
Fixed costs | Per unit |
Training | 6.000.000 VND |
Legal fees | 3.000.000 VND |
Marketing | 800.000 VND |
Insurance for teachers | 250.000 VND |
TOTAL COST | 10.050.000 |
The breakeven point
The break-even point is the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business. In other words, you've reached the level of production at which the costs of production equals the revenues for a product. => Meaning the breakeven point must equal to 0 starting from the loss and then ending with the profit earned.
The profit
Existence
Determining costs
Survival
Revenue, and Total Cost
Take-Off
Getting the 20% Profit
Success
Reaching the Breakeven Point
Profit is the money a company makes after deducting all expenses. Whether it's a lemonade stand or a publicly traded multinational corporation, the basic purpose of every business is to make money, therefore business performance is dependent on profitability in all of its indications.
How much money do we need from investors?
According to the table, in order to achieve a 20% profit we’like to ask 30% of the total cost (which will be 47 673 000 VND) needed in exchange the investors will gain 30% of the company shares.
Our final strategy/plan
1.
The first in our strategy is finding the initial variable and fixed costs. These costs will help us determine what we specifically need in the service - the price payments used for each cost.
Profit and points
The second stage is finding the revenue, total costs, breakeven points and profit.. This will help us determine the elements needed to start promoting and investing for future - costs.
2.
Marketing, Promoting
The third stage is one of the most important parts that will get the attention of our target customers. Simply promoting online such as making posters, advertising online to show what our business is about.
3.
Investing
Lastly, we have to contact other people (especially investors and bigger companies) to give us amounts of money to boost the income from our business. This will lead us to a tutoring company with great income and an effective lead.
4.
Initial Startup Costs
Fixed Cost + (Variable Cost * Target Hour Unit) = Money Spent
Selling Price * Target Hour Unit = Revenue
Revenue is the money generated from normal business operations.
Thank you for listening to our presentation!