Tetyana Chervenkova Joshua Ayotte Rima Hakim Allie Webb.

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Presentation transcript:

Tetyana Chervenkova Joshua Ayotte Rima Hakim Allie Webb

 A privately-operated college tutoring service located on ARC’s campus  Book by appointment or drop-in  Hourly rates, discounted for students in host campus  Buy as many hours as you want

 Discounts will be highly attractive to students in the host college  High level of availability  Charge an hourly rate with no limit of hours  Highly selective about tutors, well- compensated to ensure quality tutoring

 The third-party instruction industry includes  Academic tutoring  Driving schools  Professional education Total:$9.3 billion Growth: 1.7% (IBISWorld, 2014)

 ARC has a current enrollment of 33,440 students, and nearly 75% of them are part- time  Likely to be working students  Discretionary income  Time-constrained (IBISWorld, 2014)

 Highly fragmented market  58.8% of competitors have 5 or fewer employees  Top 5 competitors make up 10% of the market, only two of these provide college level tutoring

Comprise 10% of Market Share

 Tutoring Connections has a founding executive team of four professionals from diverse fields:  Tanya Chervenkova – Chief Executive Officer  Joshua Ayotte – Chief Personnel Officer  Rima Hakim – Chief Financial Officer  Allie Webb – Marketing / Administration Head  All investing owners as well as the executive managers.

 Computer Software……………………………………………. $5,000 one-time  Equipment…………………………………………………………. $6,000 one-time  Website, Room Design, Licensing………………………. $1,760 one-time  Total Employee Salary(2400 hrs/month)……$28,800/month  Additional Employee Expenses………………….$20,160/month  Rent……………………………………………………………..$1,000/month  Other Reoccurring Expenses…………………….....$ 900/ month

 Each Team member invests $15,000……………………………$60,000  Family/Friends……………………………..……………………$10,000  Bank Loan………………………………………………….………………..$20,000  Total Funds……………………………………..……………………………$90,000  Note: $20,000 Bank Notes will be paid in 2 years $40,000 Loan will be paid in 2 years $30,000 will be kept as Capital Stock

Demand Expected Revenue 1 st three month 1800 hours/week………………………..$43,200 Fall/spring semesters 2400 hours/week……………..$57,600 Summer semester 1600 hours/week…………………….$38,400 Reach at end of Month 5