allegany college of maryland: a business opportunity
DESCRIPTION
Allegany College of Maryland: A Business Opportunity. Luke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr. Table of Contents. Recognize the opportunity/define the problem space Specifications Brainstorm Ideas Evaluate Ideas Analysis Components of the business plan Appendix . - PowerPoint PPT PresentationTRANSCRIPT
Allegany College of Maryland: A Business
OpportunityLuke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr
Table of Contents
• Recognize the opportunity/define the problem space • Specifications • Brainstorm Ideas • Evaluate Ideas • Analysis • Components of the business plan • Appendix
There is an opportunity to create an economically sustainable business on the campus of ACM.
Available Land
The local people wanted an affordable educational experience.
A non-profit corporation is most applicable to our overall mission.
LLP C NP LLC2.82.9
33.13.23.33.43.5 Total Evaluation Score
LLP: Limited Liabil-ity Partnership
C: Corporation
NP: Non-Profit Corporation
LLC: Limited Liability Corporation
Scor
e
For this opportunity a successful business is one that satisfies all specifications.
Series10
0.050.1
0.150.2
0.250.3
0.350.4 Importance of Specs
Economic Sustainability Personal Control Ease of Startup Financial Benefits Legal Liabilities
Pairw
ise
Scor
e
A course which allows students to create future exhibits will be offered at ACM
Customers need affordable options.
• When a customer visits two tech exhibits, they can visit a third free of charge.
• Customer visits must be on either different days or different locations.
Financial Projections
• At a price of $10 per ticket, we need an average of 175 people per day to pay off our annual operational cost
• Customers expected per day: 200
• $250 profit per day
SAIN will break even after 1.53 years.
After breaking even, profits will go towards economic and social sustainability.
Profit Distribution
Scholarship FundCollege Course2/3
1/3
As a nonprofit corporation we aim to generate economic growth in the ACM region.
Appendix: Concept Screening
Appendix: Pairwise Comparison
Appendix: Concept Scoring
Appendix: Gantt Chart
Appendix: Different Types of Businesses
• http://bls.dor.wa.gov/ownershipstructures.aspx