entrepreneurship: new venture development

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Job- starter The app designed to make finding jobs easier than ever before. Ayush Agrawal Brain Ombego Muhalab Al- Busaidi Mathieu Piotrowski Rupert Naylor Emily Morphy

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Page 1: Entrepreneurship: New Venture Development

Job-starter

The app designed to make finding jobs easier than ever before.

Ayush Agrawal

Brain OmbegoMuhalab Al-Busaidi

Mathieu PiotrowskiRupert Naylor

Emily Morphy

Page 2: Entrepreneurship: New Venture Development

Problem

• Temp Agencies don`t offer instant connection with employers

• Students want conviniency in finding part-time jobs

• Employers want to be able to pick and choose from a reliable work force

Page 3: Entrepreneurship: New Venture Development

Solution?

• A downloadable App.

• Shows job opportunities in your local area.

• Provides employers and employees with a platform to connect instantly.

Page 4: Entrepreneurship: New Venture Development

Business Model

• Freemium business model • Ad-based business model• Expected to make 50p per user per year

• Premium Business Model• Automatic usage-based upgrade• 30% of our users are expected to upgrade

Page 5: Entrepreneurship: New Venture Development

Market Size

• It is estimated that 80% of UK Students have Smart phones.

• A survey conducted by Compuware indicatesthat majority of people are beginning to prefer mobile

apps as apposed to webpages.

Page 6: Entrepreneurship: New Venture Development

Market Strategy

• Promotional Video produced by the National Film and Television School.

• Advertising to Early Adopters.

Page 7: Entrepreneurship: New Venture Development

Operational Plan

• Initially target specific geographic locations

• University Alliances.

• Contact and develop relationships with employers

Page 8: Entrepreneurship: New Venture Development

Long-term Business Plan?

Page 9: Entrepreneurship: New Venture Development

Product Features

• Create a ‘work profile’ which can be us to find individual jobs– Connected with LinkedIn– Includes rating system for future jobs

• Simple search function to find jobs in a specific area• Ability to connect with local employers for temporary work

• Chance to connect with other students for job opportunities

• It is all available within a few clicks of a button

Page 10: Entrepreneurship: New Venture Development

Future Product Features

• Efficient search and recruitment for premium customers

• Ability for big graduate businesses to recruit through Job-starter– Connecting the student with efficient grad

job search engine– Potential messaging service to increase

communication

Page 11: Entrepreneurship: New Venture Development

Barriers to Entry

• Heavy Competition : Millions of Apps available – Solution : localize then expand and with a good

marketing strategy

• Prospect of long term management and administration – Solution : Consistency and continuous

technical support

• Ever-changing nature of App industry– Solution: Continual improve and add content

to App

Page 12: Entrepreneurship: New Venture Development

Competition?

• Traditional temp agencies

• Task-Pandas

• Taskrabbit

• Google Helpouts

Page 13: Entrepreneurship: New Venture Development

Risks/Limitations

• Management

• Operations

• Finance

• Legal

Page 14: Entrepreneurship: New Venture Development

Financing

• Initial investment of £40,000

Year 1 Year 2 Year 3 Year 4 Year 5Total Sales Revenue

6.371 40.603 452.069 828.437 1.132.121

Total Cost of Sales

802 4.544 45.887 47.223 35.195

Total Operating Expenses

24.653 37.050 231.002 350.088 509.107

Net Profit -19.084 -991 140.144 331.967 452.620

Page 15: Entrepreneurship: New Venture Development

Team ‘Job Starter’

Name: Emily Morphy

Qualifications: Bachelor in Philosophy, MSc International Management

Job experience: Events specifically Operations

Interests: Public Speaking, Acting

Name: Muhaleb Al-Busaidi

Qualifications: Bachelor in Business Information Systems & MSc International Management

Job experience: Oil & Gas (Shell, Halliburton), IT technology authority managing and supervision

Interests: Football, Travelling, Charity Work

Name: Brayo Nyakwa

Qualifications: Bachelor in Commerce & Msc International Management

Job experience: Phillips accounting & Hansgrohe SE Controlling Department (present job)

Interests: Sports, charity work

Page 16: Entrepreneurship: New Venture Development

Team ‘Job Starter’

Name: Ayush Agrawal

Qualifications: Bachelor in Civil Construction & MSc International Management

Job experience: Practical & Theoretical experience in Construction

Interests: Taekwondo (Black Belt), Trekking

Awards: Merit Medal Award from the Institution of Engineers (India)

Name: Rupert Naylor

Qualifications: BA Ancient History & MSC International Management

Job experience: PWC Consulting, VCM Broking & ESPN Intern

Interests: Sport, Music, History, Charity Work

Name: Mathieu Piotrowski

Qualifications: BSc International Business Administration & MSc Finance and Management

Job experience: Auditing and Accounting

Interests: Sport, Guitar

Page 17: Entrepreneurship: New Venture Development

Invest Now

Welcome to Job

Starter