The Millennial Miracle Millennial Miracle Makes Your Future

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The Millennial Miracle “Millennial Miracle Makes Your Future Bright” Damian Smith-15 Princess Brown-15 Asia

The Millennial Miracle “Millennial Miracle Makes Your Future Bright” Damian Smith-15 Princess Brown-15 Asia Aaron-15 Tammy Padilla-15 Discovery High School 1 st period 2017

Mission Statement. To teach millennials the skills necessary for obtaining and keeping a job/career.

Mission Statement. To teach millennials the skills necessary for obtaining and keeping a job/career. ● Opportunity. Kids have an opportunity to have there improve their skills and get a head start in the “job race” ●

Market Analysis Industry Name Technology and Engineering Industry Size $30 Billion in sales (U.

Market Analysis Industry Name Technology and Engineering Industry Size $30 Billion in sales (U. S. Market) Total Population In America, there are currently 92 million millennials and is at a continuously growing rate. Total Population 92 million Target Market Residents who are between the ages of 12 -30 with an average household income of $ 5, 000. 12 -30 Potential Market 75% Potential Market Based on survey, 75% of millennial residents would buy a robot at least once a year.

Business Profile ● Type of Business � � Millennial Miracle is a technology business

Business Profile ● Type of Business � � Millennial Miracle is a technology business selling a product to skills that will help them in the future. Legal Structure � We are a technology and engineering Liability Limited partnership. We are making this model by hand, and to make this robot, it will cause for technical skills and abilities.

Qualifications ❶ Everyone on our team are millennials, so we have the ability to

Qualifications ❶ Everyone on our team are millennials, so we have the ability to create a product that is appealing to our target market. ❷ Our team has first hand experience with various items of technology, including some of our competitors. ❸ The Strickland Entrepreneurship Center trains us to create a business and build it to its full potential. We’ve learned. how to develop and grow a business through this program

Target Market Segment Demographics • This product is targeted towards millennials of both genders

Target Market Segment Demographics • This product is targeted towards millennials of both genders Psychographics • Anyone involved and interested with technology • Anyone who wants to be prepared for their future. Geographics • Georgia Buying Patterns • The product would be bought yearly • Accessories would be monthly

Competitive Advantage Factors Sphero Ez Robots Price $150. 00 $430. 00 $135. 00 Quality

Competitive Advantage Factors Sphero Ez Robots Price $150. 00 $430. 00 $135. 00 Quality of Product/Service High Medium High Location of Availability Online Reputation/Bran ds Remote Control Robot Teaches you activities Movie skin designs Teaches you activities Unique Factors/ Knowledge Online Thump Online. Teaches you skills Get’s you active

Marketing Mix Georgia Later on: California New York Florida Millennials People Product A robot

Marketing Mix Georgia Later on: California New York Florida Millennials People Product A robot that you have the ability to personalize yourself Place Advertising: Social Media Price $135. 00 Promotion

Promotional Mix Promotional Expense Advertising Publicity Personal Selling Monthly Amount You. Tube $600 (0.

Promotional Mix Promotional Expense Advertising Publicity Personal Selling Monthly Amount You. Tube $600 (0. 30 per view) Websites $4, 000 ($2 per view) Coupons Sales Promotion Trade Shows Other Cleaning Products (for the robot) Total Monthly Promotional Expense $100 $ 1 5$4, 930 0

Cost of Materials/Labor Materials Material Description Cost/Total Quantity Cost per Unit Transmitters 1 $7.

Cost of Materials/Labor Materials Material Description Cost/Total Quantity Cost per Unit Transmitters 1 $7. 00 Engine 1 $6. 00 Circuit Board 1 $75. 00 Battery 1 $3. 00 Conveyor Belt 1 $4. 00 Wires 1 $3. 00 Silicone Walls 1 $4. 00 Prongs 1 $3. 00 $105. 00 Total Material Cost per Unit Labor Cost per Hour Time (in Hours) to Make One Unit $7. 00 30 min Total Labor Cost per Unit COGS (per Unit) $108. 50 Labor Cost per Unit $3. 50

Economics of One Unit Description of One Unit of Sale: $130 Selling Price (per

Economics of One Unit Description of One Unit of Sale: $130 Selling Price (per Unit) $130. 00 COGS (per Unit) $33. 50 Other Variable Expenses (per Unit) $5. 00 Total Variable Expenses (per Unit) $5. 00 Contribution Margin (Gross Profit per Unit) $31. 50

Average Monthly Fixed Expenses Fixed Expense Average Monthly Expense* Insurance $1, 200 Salaries of

Average Monthly Fixed Expenses Fixed Expense Average Monthly Expense* Insurance $1, 200 Salaries of Employees $2, 500 Advertising $1, 000 Interest Depreciation $200 Utilities (Gas, Electric, Telephone) $800 Rent $ 2, 000 Other Fixed Expenses ______ Total Average Monthly Fixed Expenses $7, 750 * Numbers are rounded to the nearest dollar throughout.

Time-Management Plan Schedule for a Typical Week Total Hours in a Week = 168

Time-Management Plan Schedule for a Typical Week Total Hours in a Week = 168 Hours Per Week 70 60 50 40 30 20 10 0 Homework Family Time Church School Hours Per Week Free Time Work Sleep

Monthly Break-Even Units In an average month, the company will begin to make a

Monthly Break-Even Units In an average month, the company will begin to make a profit after selling 2500 units, which will take 26 years if we do it at a rate of 100 units per year.

Monthly Sales Projections First Year MONTHLY SALES 12 10 8 6 4 2 0

Monthly Sales Projections First Year MONTHLY SALES 12 10 8 6 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Projected Yearly Income Statement First Year Selling Price per Unit $130. 00 Number of

Projected Yearly Income Statement First Year Selling Price per Unit $130. 00 Number of Units Sold 100 $13, 000 Total Sales Variable Expenses $500. 00 Contribution Margin Fixed Operating Expenses $105. 00 $12, 395 Pre-Tax Profit Taxes @ 15% Net Profit $1, 859. 25 $10, 535. 75

Start-Up Investment Start-Up Expenditures Item Where Will I Buy This? Cost Rent Online Store

Start-Up Investment Start-Up Expenditures Item Where Will I Buy This? Cost Rent Online Store Buy Store $327, 00 Personally $105. 00 Initial Inventory $8/moa year ($96) Total Start-Up Expenditures $327, 113 Cash Reserves Emergency Fund $1, 000. 00 Reserve for Fixed Expenses $2, 000 Total Start-Up Investment $330, 113

ROS & ROI ROS: Return on Sales For My Business: $13, 000 95 X

ROS & ROI ROS: Return on Sales For My Business: $13, 000 95 X 100 = ROS Dollar Equivalent = $13, 684 Dollar Equivalent = $347, 487 ROI: Return on Investment For My Business: $95. 00 X 100 =% ROI $330, 113

Financing Strategy $15, 000 Total Start-Up Investment Source Amount Debt Equity Gift Personal Savings

Financing Strategy $15, 000 Total Start-Up Investment Source Amount Debt Equity Gift Personal Savings $_______ Relatives/Friends $_______ Investor $______ Partner(s) $______ Totals $______

Business Responsibility & Philanthropy ● Business Responsibility � Use local products whenever possible. �

Business Responsibility & Philanthropy ● Business Responsibility � Use local products whenever possible. � Collect data by surveying different people. ● Philanthropy � Contribute ________________ and to support ______________ � 1% of yearly net profit (after 3 years of business) to _______________________

Business & Personal Goals Business To attend trade shows every year ● We want

Business & Personal Goals Business To attend trade shows every year ● We want to eventually have more people working for us, including engineers, designers, etc. ● We want to gain popularity on social media including Instagram, Twitter, etc. ● To advertise the business all over social media and other websites such as banners on other sites ● To have a business building where we can sell our products ● To host fundraisers every year. ● By the fifth year, we hope to spread our business around the country. ● We will donate money to a variety of charities such as Red Cross Short-Term ● Long-Term Personal

“A Road That You Must Take” Damian Smith, Asia Aaron, Princess Brown, Tammy Padilla

“A Road That You Must Take” Damian Smith, Asia Aaron, Princess Brown, Tammy Padilla Thank you for your time