Innovative Mathematics education Business idea

The project The aim of this project is the establishment of a company, which seeks to organize lectures and make use of the most innovative and creative methods of teaching mathematics. We would like to broaden students’ knowledge and provide them with education of high quality. We plan on engaging young talents in our activities by organizing multiple events in the city of Burgas with connection to the annual mathematical competitions.

Mission Short-term goals: Organization of free weekly events for self-promotion and ensuring sustainability. Long-term goals: Organization of weekly events in the country, seminars and meetings of mathematicians, preparation courses and increasing profits.

The office is located on 8001, 19, “Stefan Stambolov” Blvd, Burgas. Needed materials: markers, white boards, chairs, access to a conference hall, mathematical handbooks.

Opportunities Threats Economic factors Political factors The chance to improve the knowledge of our students. There are hardly any threats. Political factors Make our student’s success rate better. The government might not consider our institution as helpful. Demographic factors Most people live in the bigger cities, therefore- more people are to visit our lessons. During the winter it will be harder to visit our lessons because of the weather.

Lesson costs Lesson costs include: Advertising; Salaries for the teachers; Furnishing our venue; Awards for the contests; Maintenance of our app.

Table: Start-up Requirements Start-up Expenses Advertising in local newspapers €200 per month Brochures €150 Advertising in local TV channels €300 per month Insurance €250 Furnishing €3500 Legalization €400 Other €200 Total Expenses (not including the advertising) €4500 Total Expenses €4500 + €500 each month Start-up Assets Cash €7000 Short-term Assets & Long-term Assets €9490 Total Requirements (not including the advertising) €13990

Item Number Price per one Value Desks 50 €50 €2500 Chairs 55 €20 €1100 Computers 5 €500 Multimedia 4 €260 €1040 Notebooks 100 €2 €200 Pen 150 €1 €150 Textbooks €15 €1500 Reference books €5 Total €9490

Wage costs Position Payment per month Teacher €400 Website maintainer App maintainer Advertisers €350

Services We organize lectures with the best mathematicians from the country. You can also subscribe to our website in order to have access to thousands of mathematical problems. If you are not able to attend our lectures you can watch them live from your computer or mobile device. Furthermore we organize math contests every month and the winners receive awards. In the summer those with the best results qualify for our final contest. You can also download our app.

Services costs € Type of service One person Under 20 people One hour lecture _ €40 €50 €60 Two hour lecture €70 €85 €100 Three hour lecture €95 €110 €130 One month subscription €6 Six months subscription €25 Watching a lecture from computer or mobile device €2 per hour Participate in a monthly contest 6 €

Advertising Brochures Posters on school walls Adverts in local TV channels Adverts in local newspapers Creating an official website Creating a Facebook page

Growth of popularity On the chart above, you can see our company’s expectations of how popular it will be in Burgas and in Bulgaria for period of 2 years.

Finding of personnel Requirements will be posted in company’s website. Job adverts will be published in the local newspapers. Advertising posters offering job will be placed near schools and universities. The company will offer work experience for students who want to work in this business area.

Income plan Our expectations are to have a profit of 115% of our original budget in the first year and 190% of our original budget in the second.

Conclusion In conclusion key factors for success are: To offer quality education which will be noticed; A great atmosphere during the lectures; Smart controlling of the finances and the flow of money; Strict control over all expenses with no exclusions.We think that for the full satisfaction of the clients we should offer a mobile app and website, to help them enjoy our courses from elsewhere in the world. This is a priority for us because it will help for the advertising and popularization of our company.

For Discover the Unknown in Mathematics, Erasmus+ project High School of Mathematics and Science Burgas, Bulgaria