In this project your group will create an idea for an original good or
service. You will then create an comprehensive business plan,
which you will pitch to prospective investors (your classmates - who
each have $10m to invest as they see fit).
The winning project will be the one that garners the most support from
the investors.
Your group needs to
develop/decide:
- An original idea for a good (product) or service. (1 slide)
- Who is your target population (age, income, location, etc.)? Why
do they need your service or product? (1-2 slides)
- What is your marketing strategy? Describe pricing and advertising
strategy. (1-2 slides)
- You will also produce one 30 second TV ad & one 30
second Radio ad
- You should be able to tell us the per unit cost of producing
your product, and therefore the marginal profit
- What resources and capital will you use in making your
product. What specific items will be needed to make your product
or service? (plastic, factories, skilled or unskilled workers, etc.)
(2-3 slides)
- Final Pitch: What are your company goals? Why should an
investor join your cause? How will you make a profit? (1-3 slides)
- The target time for your entire presentation is 7-8 minutes, you
can help assure this by using the rehearsal mode in PPT to rehearse
your presentation and figure out how much time to spend on each slide
Specific list of all the things you'll need for production (
you need to
make sure you have considered all of these things, and that they show
up in your PPT):
- Land/real estate/office space/warehouse space/factory
space/store(s)
- Employees (types, skill levels, position descriptions,
qualifications - you also need a rough idea as to how much you're going
to pay these folks)
- Overall budget
- Transportation needs
- Methods of production (machinery, etc.)
- Utilities & Services (cleaning, linens, data storage,
shredding, etc.)
- Packaging
- Raw materials/ingredients, etc.