stem house: business team by: lucas wolfe daniel mikhail alec taren chiao-wen huang
TRANSCRIPT
STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe
Daniel Mikhail
Alec Taren
Chiao-Wen Huang
TABLE OF CONTENTS
Company Business Type Product Markets/Advertising Funding
HTMW LLC.
Stem House Products Innovative Educational Technology Located in Wyoming
NEED/PROBLEM
Schools are looking for a product that could alleviate the poor educational situation that currently affects STEM education.
OPPORTUNITY
Create a system that seeks to ameliorate the inefficiency in American STEM education
No products on the market that address this issue
An opportunity to make money
BUSINESS TYPE
Sole Proprietorship Corporation Limited Liability Company (LLC)
Sole Proprietorship
Corporation
Limited Liability Company
Selection criteria
Weight(%)
rating Weighted score
rating Weighted score
Rating Weighted score
Ability to obtain Capital
23 1 0.23 4 0.92 2 0.46
Ability to manage effectively
30 5 1.5 1 0.3 4 1.2
Flexibility 15 4 0.6 2 0.3 4 0.6
Risk 7 1 0.07 4 0.28 4 0.28
Tax 25 5 1.25 2 0.5 5 1.25
Total score 3.65 2.3 3.79
Rank 2 3 1
LEGAL STANDING
Copyright Patent Trademark
PRODUCT
STEM program Aid teachers in educating students Inspire students’ interest
PRODUCT LIFECYCLE
POTENTIAL MARKETS
Primary Markets School Districts
Secondary Markets Doctors Office Dentists Office Households
UNIQUE SELLING POINTS
Portable Easy Maintenance Cost-Effective Upgradeable
MARKETING STRATEGY
Individual Units and Bulk Packages Facebook/Website Direct Mail
FUNDING REQUEST
Loans: General Small business Loan = $700,000
Interest Rate: 3% Initial fee and annual fee
Other Possible fundraising techniques as LLC Crowd funding Grants
REFERENCES
http://wiki.answers.com/Q/How_many_school_districts_in_us
https://www.google.com/#q=product+life+cycle
http://www.ehow.com/list_5994996_llc-pros-cons.html
http://bls.dor.wa.gov/ownershipstructures.aspx