Transcript MSCS Young Entrepreneur

MSCS Young Entrepreneur
A sample project by Mrs. B.
Project Overview
• This business proposal has been created
to present the new and exciting Blobdorg
to potential investors. The Blobdorg is an
essential product or good that all
consumers will be interested in. The
Blobdorg has been created by Blaine
Cottage Industries.
Defining our Roles
• The Financial Director: Burt will be
responsible for…
• Goods and Service Director: Frank will be
responsible for…
• Marketing Director: Beatrice will be
responsible for…
Brainstorming Ideas
• In our initial planning stage, we thought of
the following inventions:
• Coloured, scented candles
• Knitted dish-clothes
• Snack mixes
• Christmas ornaments
• Spice Racks
• Fudge and other baked goodies
Our Final Product
• This is where you give a detailed
description of your product. What is a
Blobdorg? What does it do? What do you
do with it? Will it be scented? Will it have
a specific pattern or colour? Will it be
custom ordered? …
Our Business Description
• Name of Business: Blobdorg creations
• Location: Blaineland
• Good/ Service: The Blobdorg – an
essential kitchen gadget for the choosiest
of mice.
• Competition: We will likely have
competition from the Grabdignot
corporation of Snorginville.
Marketing Strategies
• Print media: we will make a flyer to advertise
our product
• Newsletter: we will rent space to put an
advertisement into the school newsletter
• Mass media: we will create posters to put
around the school
• “Radio” spot: we will speak to Ms. Wiens about
renting time on the intercom system to promote
our product
• We will use other ideas Mrs. B didn’t think about.
These are…
Goods and Services
• Explain whether your product is a good or
service. Why does it fit into this category?
• What is your expected supply and demand?
How many of your good do you think you’ll sell?
How many people do you think will pay for your
service?
• Based on this information, what is your pricing
strategy? Will you give discounts? How much
should you charge for your good/service to
make a profit? Where is your anticipated
equilibrium point (where supply is equal to
demand)? At what price will you lose money?
Supplies & Expenses
• Create a list of all supplies that you will need to
assemble your product and their price. (This
includes items you already have. For example:
if you are baking you must account for the salt
you use in the cookies even though you’ll
probably not buy a new box ) Remember tools
to put it together and packaging supplies.
• How much does each item cost? What is the
yield (how many Blobdorgs can I make with 1
package of Blob nuggets?
Budget
Item
Cost per
unit
Yield per
unit
Number of
units to
purchase
Estimated total
cost for the
project
Blob-nuggets $5
12
Blobdorgs
4
$20
Glue
$2
25
Blobdorgs
2
$4
Ribbon
$6
10
Blobdorgs
5
$30
$0.50
1
5
$2.50
Patent
Posters
Total estimated expenses
$56.50
Project Schedule
How will we complete our project and meet all deadlines?
• Week 1:
• Week 2:
• Week 3:
• Week 4:
• Week 5:
• Week 6:
• Week 7:
• Week 8: