business plan project echo / ucla anderson school of management 5 th annual business plan...
TRANSCRIPT
![Page 1: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/1.jpg)
Business PlanProject ECHO / UCLA Anderson
School of Management5th Annual Business Plan
Competition“New Business Onsite”
Canoga Park High School
BAITbooth
Regina PopovaMae-Jean Diapera
![Page 2: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/2.jpg)
![Page 3: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/3.jpg)
Building Assets through Integrated TechnologyBAIT is a “school within a school,” offering hands on experiences and college credits that lead to a better future. A small group of teachers work together with students, focusing on multimedia production. We are a team that provides students with extra support and a place to belong.
BAIT provides the following:~Face to Face and online AP classes
~On-site Free Pierce Classes~College visits
~Peer Leadership~ School Yearbook Production… and much, much more!!!!
![Page 4: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/4.jpg)
~High school students need photographs to capture the special moments in their lives where they first attend:
~ their homecoming dance~ senior prom ~and when they finally wear that cap and
gown and cross the stage.
~BAITbooth will meet the needs of people to capture those special moments in their lives whether it may be :
~a soccer game~ school dance~ or a graduation studio picture.
![Page 5: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/5.jpg)
~Canoga Park High School sponsors a small learning community that focuses on:
~digital imaging~photo editing~Photography
![Page 6: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/6.jpg)
~At Canoga Park High School, 1/3 of the graduating class do not take their senior picture, and only a few purchase the homecoming and prom photos available on-sight.
~Primarily, students and families complain about the high costs of studio packages, and the inconvenience of having to go with a specific designated company for their senior portraits, especially if they live some distance away.
![Page 7: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/7.jpg)
Football game and other sports:BAITbooth will create a database of the event and have prints of pictures available for purchase during and after the game upon request.
Homecoming:There will be an on-site backdrop for couple or individual pictures, and can be printed immediately after picture is taken.
Senior Portraits:The studio will be located in the BAIT’s classroom.
Prom:Photos upon request from individuals or groups.
**We will acquire a green screen, where any possible background can be inserted as the backdrop of the final picture.
![Page 8: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/8.jpg)
We capture
moments during the STUDENT
S available time, not ours, like
most companies
.
![Page 9: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/9.jpg)
~ Affordable prices for the students.~High quality editing and printing.~On-site pictures, printing, and editing.~Green screen capability with optional backdrops~Convenience of having the studio on campus.~The ability to be a traveling “photo booth.”
![Page 10: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/10.jpg)
Photo taken by a student.
Notice how the picture is
faded, and the color
isn’t at its most
brilliant potential.
![Page 11: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/11.jpg)
Photo taken by
BAITbooth.
Note the difference in
quality. The background is an actual
background, and
BAITbooth travels to
your location.
![Page 12: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/12.jpg)
~Canoga Park High School students and staff:~Future plans:
~extension throughout the community~other nearby high school
BAITbooth hopes to help students capture their high school memories at affordable prices yet professional results.
![Page 13: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/13.jpg)
Our mission is to provide packaged pictures to low-income families without compromising quality.
The total targeted population:
STUDENTS- 1600STAFF- 100
____________________1700 individuals!
![Page 14: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/14.jpg)
~ Because the competitors are more experienced, they sell their services at a rate 3 to 4 times the charge of BAITbooth!!!
However, we have advantage over White’s Studio besides our affordable prices, we have…
FAST DELIVERY with FREE SHIPPING and HANDLING!!!!!
![Page 15: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/15.jpg)
![Page 16: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/16.jpg)
You have now seen White’s Studio Prices, take a look at our rates, at the starting price!
4 x 6: $1 [Quick Fix, and optional Green Screen included.]
5 x 7: $3 [Quick Fix, and optional Green Screen included.]
8 x 10 : $5 [Quick Fix, and optional Green Screen included.]
Collages: $5-15 [Quick Fix, and optional Green Screen included.]
Other packaging prices may vary depending on orders made.
![Page 17: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/17.jpg)
![Page 18: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/18.jpg)
~BAITbooth applied for a grant of $3,500 to buy new apparatus.
~Equipment upgrades.
~Since we are partners with the BAIT, we will need no loans or grants from ECHO(thank you for the offer).
![Page 19: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/19.jpg)
Shinko S1245 Printer (CHC‐S1245) Shinko S1245 Printer (CHC‐S1245)$2,250.00 x = $2,250.00Pelican 1660 Case‐Black w/Foam (PEL1660) $295.00 x = $295.00Shinko S1245 8"x12" Print Pack (S1245812) $285.00 x 2= $570.0016 Foot USB Cable (947059)$15.00 x = $15.00TAP 8x10 White Folder (WH8X10)$149.00 x = $298.00Clear plastic poly bag sized for 8x10 photos. 1 box (1000 bags)
$40.00 x = $40.00 TOTAL:$3,468.00
![Page 20: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/20.jpg)
~We are expecting approximately 75-
100 photos of 8 x 10 sold by April 31, 2009.
~BAITbooth is hoping to double if not triple the income coming into BAITbooth from students and staff.
~BAITbooth estimates a total gross income of around $7,000-$10,000 in the first 3 years.
![Page 21: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/21.jpg)
~On average, there are:~4 major events 100-150
pictures*Prom, Graduation, etc.
~10 minor event 30-40 pictures
*Sports, Awards Ceremonies, etc.
~PROFIT:~1000 on average of $3 per picture.
3000 pictures x $3= $9000 within 3 years
![Page 22: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/22.jpg)
Our advertising techniques include:~Flyers
~PA announcements~ Daily Sales
~Word of mouth
![Page 23: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/23.jpg)
Upon requests, we will be handing out “Quick Fix” forms where the customer can decide the
minor changes in the picture, such as:~ Black and White
~ Sepia~Hue/Saturation
~Blemishes– GONE!!!~Glow
~Darkness/ Brightness~Red Eye– SEE NO EVIL
~Cropping~and SOMUCH MORE!!!!!
-Fixes are free upon first picture.-Additional $1 for other changes on other photographs.
![Page 24: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/24.jpg)
BEFOREExample of collage
![Page 25: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/25.jpg)
AFTERExample of
collage
![Page 26: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/26.jpg)
~BAITbooth will print on-site photos and do not require any outside companies to produce any of the pictures.
~Products will be exclusively distributed in campus at the specific locations during events where BAITbooth is set up.
~Distribution of final product may either be immediate, or claimed by the customers upon reminder from us.
![Page 27: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/27.jpg)
~CEO and Creator:~Ms. Valerie Olenick-Tibbets
~Management Team~ Regina Popova and Mae Diapera
~Finance Directors :~Administrators
~Customer Service :~BAIT students and yearbook staff
![Page 28: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/28.jpg)
![Page 29: Business Plan Project ECHO / UCLA Anderson School of Management 5 th Annual Business Plan Competition “New Business Onsite” Canoga Park High School BAITbooth](https://reader036.vdocuments.net/reader036/viewer/2022062321/56649f305503460f94c4a915/html5/thumbnails/29.jpg)