2 @@ sample sport and medical sciences academy hartford, ct
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@Sample
Sport and Medical Sciences AcademyHartford, CT
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Mission StatementDescribe the Opportunity
We are an independent skateboard design company. Our designs are sold to other companies who produce them and sell them under their label. After we have a store front, members will be able to create customized decks.
Mission Statement Our company strives to provide our customers with original, visually
stimulating skateboard decks that appeal to their individual target markets.
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Business Profile
Type of Business
Retail
We offer innovative, custom designs
Legal Structure
Partnership
We chose this because we each bring an important piece to the business and are willing to split the work and profit equally
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Consumer ProfileBy Location
Nationwide
By Population Skateboarding companies
By Personality/Behavior Companies who want to offer their
customers the most appealing cutting edge, new designs
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Competitive Advantage
@Enjoi BakerFactors
GreatQuality of Product//Service
Price
Location
Brand/Reputation
Unique Knowledge
Great Great
Expensive Expensive Competitive
Panda theme
Name Theme
Customized original designs
Nationwide Nationwide Online
Great Great Great
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Marketing Plan
$750
Skateboard companies who want
new designs
Word of mouth and our website
Nationwide Originalskateboard
decks
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Marketing PlanPurchase Retention
Word of mouth
Stickers
Wristbands
Website
Long Term ( 6 months-1 year)
Current & Short Term (1 month -6 months)
Awareness
Competitions Design for one professional
Same
$150 $0.00 $0.00Monthly cost, by phase:
Awareness Purchase Retention
Customizing the decks in theway the companies want them,“get into their heads”
Quality customer service and redesigns as needed
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Cost of Materials/Direct Labor
Definition of One Unit
One Deck Design
Cost of Sales Per Unit
Direct Labor(Labor Cost per Hour)
Time (in hours) to make 1 unit
Direct Labor Cost Per Unit
$8.25 1 hour $8.25
Total Direct Labor Per Unit $8.25
Material Description Cost/Total Quantity Cost Per Unit ($)
Pencils $1/10 pencils $0.10
Paper $1/70 sheets $0.01
Total Material Cost Per Unit $0.11
Total Other Variable Costs Per Unit $0.00
Cost of Sales Per Unit $8.36
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Economics of 1 Unit
Definition of One Unit One Deck DesignSelling Price per Unit $750.00
Direct Labor per Unit $8.25
Materials per Unit $0.11
Total COGS per Unit $8.36
Total Other Variable Costs per Unit $0.00
Total Cost of Sales $8.36
Contribution Margin $741.64
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Average Monthly Fixed Costs
Type of Fixed Cost Monthly Cost
Entrepreneurial Stipend $50.00
Advertising $150.00
Depreciation (computer) $15.00
Rent / utilities / internet $50.00
Total Monthly Fixed Costs $265.00
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Projected Yearly Income Statement
Selling Price Per Unit $750.00
# of Units Sold 48
Total Sales $36,000
Total COGS $401.28
Other Variable Costs $0.00
Total Variable Costs $401.28
Gross Profit $35,598.72
Yearly Fixed Costs $3,180.00
Other Costs/Unforeseen $1,000.00
Total Fixed Costs $4,180.00
Profit before Taxes $31,418.72
Less Estimated Taxes @25% $7,854.68
Net Profit $23,564.04
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Item Where I will buy this? Cost of Item
Computer Already Owned $0.00
Photoshop Already owned $0.00
Business Cards Vista Print $10.00
Advertising/Marketing materials Online $150.00
CASH RESERVE covering 3 months of fixed expenses $795.00
Estimated TOTAL START-UP INVESTMENT $955.00
Start-up Investment
2 Hours $16.50$8.25x =
Total $971.5
0
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Return
…on Sales
…on Investment2,426%
Annual Net Profit
Start-Up Inv.
$23,564.04
$971.50= $24.26
65%
Annual Net Profit
Total Sales
$23,564.04
$36,000.00=
$0.65
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Business Responsibility Plan
Our business would donate 7% of our annual net profits to the National Military Family Association
It would be advertised on our website and business cards.
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Business & Educational Goals
Expand our contracts to 20% of the companies.
Josh: Maintain an A average and get accepted to the college of my choice
James: Graduate and get accepted into college
Business
Personal
Open our own store front, selling our own decks along with skateboard accessories.
Work alongside professionals and semi-professionals making designs specifically for them.
Josh: Attend a 4 year college.
James: Start medical school and look into residency
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This is where it’s at!
Thank you for your consideration of
@Please visit us at: http://atdeckdesigns.weebly.com/