[No Days Off]. [Problem/Unmet Need] The problem we are solving is the lack of reasonably priced baseball workouts from an experienced trainer.

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Presentation transcript:

[No Days Off]

[Problem/Unmet Need] The problem we are solving is the lack of reasonably priced baseball workouts from an experienced trainer.

[Solution/How Business Fills Need] My business is affordable, reasonable, and provides experience My business is a service because I provide a service of personal training!

[Mission and Social Impact] Mission Statement ~ We provide a personal training service to kids and young adults interested in growing their connection with the game of baseball. To allow you to reach your full potential in Baseball a limit you are satisfied with! Social Impact ~ My company helps kids have a hobby or activity to do instead of causing trouble or doing something socially irresponsible. We also provide free workouts and events to the community come together. Last, but not least we will donate money to charities.

[Description of Product/Service] We provide a personal training service to kids and adults interested in growing their connection with baseball

[6: Business Model] ECONOMICS OF ONE UNIT ~ Method used to determine whether a business model can be successful (profitable), by calculating if an individual unit of the good or service would be profitable Cost of Goods Sold ~ An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers Fixed Expenses ~ Expenses that remain the same regardless of occupancy Variable Expenses ~ expenses that change based on the occupancy

[Business Model] Description of Expenses Variable Material Expenses Total: $ Baseballs$25 Fixed ExpensesTotal: $ Rent$320 Insurance$30 Advertisement$30 Salary$480 Economics of One Unit Selling Price$[40] Cost of var. materials exp.$[25] Cost of labor[10] Other variable costs[5] Total COGS/ COSS$[65] Contribution Margin$[10] Definition of One Unit Cost for one specific amount of goods or a service Monthly Break Even Units $[1,320] =[13.20]≈[13.20] units $[10]

[Market Analysis] Description of Target Consumer DemographicsGeographics Median household income, $107,012 Housing units, ,687 Population, 2013 estimate My customers live in PG county PsychographicsBuying Patterns My customers are determined, believe in hard work, and have an interest in increasing their baseball skills and body strength. They believe in bettering themselves to further set an example of my company. Teens around the age of tend to want to work out and increase their strength Total Population Target Market Population 100,000 Market Size (based on survey) Target Market Size Market Statistics Industry Name: Service Annual Industry Sales: $10 Billion 10,000 [ 25]

[Marketing and Sales] My target customers are people around the age of 4-18, who have an increasing interest in increasing their skills and knowledge about the game of baseball. My business will plead to our customers to spread around my business with good reviews. Benefits include: Increased game and knowledge of baseball, Increase in character and development of maturity.

[Competition] No Days OffPST Level Up Determination My company motivates and gives you the determination to fulfill your wanted need Little no none personal trainers, Also less focus on players No personal trainers for baseball at all! Availability I available more often than my competitors Not available for the whole winter! Only available on weekends Experience I can offer all 12 years of my experience playing baseball Their personal trainers have good experience Mainly a boxing facility less focus on baseball Your Competitive Advantages

[Qualifications] 12 years of experience, Determined, Sociable,

[Start-up Funds] ItemWhy NeededVendorCost [Baseballs][Work on customers swing ][Dicks Sporting Goods]$[25] [Free First Workout[Encourage more customers to try a “free sample” of my service][My company No Days Off[$0] [Advertisement][Promote my business][Vista Print][30] Total Start-up Expenditures$[55] Emergency Fund (1/2 of startup expenditures) $[27.50] Reserve for Fixed Expenses (covers 3 months of fixed expenses)[360] Total Start-up Investment$[13.75]

[Future Plans] My future plans include: 1.Open a baseball indoor facility with my profit 2.Become a well known personal trainer in this area 3.Become known for being generous to the community and help bring back a pride in baseball in my local area!

[Name of Business]