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Published byMarybeth Hudson Modified over 9 years ago
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Makeda Barr-Brown & Samra Hrustemovic 17 years old Sport and Medical Sciences Academy Hartford, CT
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Problem One in five students in Connecticut do not complete high school Parents may not be able to transport their children to and from a tutoring facility
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Solution Tutoring sessions are held at the students’ homes or at a local library nearby Affordable one-on-one sessions
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Mission and Social Impact Tenacious Tutors plans to help students thrive in school so that school becomes more than a requirement, but also an enjoyment Tenacious Tutors helps educate the upcoming generation
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What do we offer? Individualized tutoring Helps students who are struggling in school Travel to students or go to local library Charge by hourly session Convenient for any schedule Students can be tutored in any subject they want
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Business Model Description of Expenses Variable Material Expenses Total: $0.00 Item$ Fixed ExpensesTotal: $2,701.76 Item$ Rent$30.00 Utilities$33.26 Insurance$37.50 Depreciation$66.00 Advertising$5.00 Salary$2,500.00 Website$30.00 Economics of One Unit Selling Price$175.00 Cost of var. materials exp. $0.00 Cost of labor $34.80 Other variable costs $2.44 Total COGS/ COSS$37.24 Contribution Margin $137.76 Definition of One Unit Two Hours of Tutoring Twice a Week Monthly Break Even Units $2,701.76 = 19.6 ≈ 20 units of two hours, twice a week $137.76
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Market Analysis Description of Target Consumer DemographicsGeographics - Parents of children ages 11-18 - Upper middle to upper income levels -Hartford County, CT (ten towns only) PsychographicsBuying Patterns - Parents who want their children to get help in school - Willing to spend money on a tutoring service throughout the year Total Households Target Market Population 350,000 Market Size (based on survey) Target Market Size Market Statistics Industry Name: Education and Training Services Annual Industry Sales: $47 Billion 133,000 1,300
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Marketing and Sales Strategic Social Media Plan Word of Mouth Business Cards Personal Relationships Through schools Reach Out to Mommy Blogs
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Competition Tenacious TutorsSylvan Learning Center Tutoring Center of Wilton, CT PricingAffordable; $175/4 hours Expensive; $232/4 hours Expensive; $200/4 hours LocationMore accessible; drive to location Various locations around CT Wilton, CT; far for some customers Customer ServicePersonableCorporate Your Competitive Advantages 1. Tenacious Tutors is extremely affordable; we charge $175 for a total of four hours of tutoring. 2. We also drive to the location of tutoring, making it more accessible. 3. Tenacious Tutors offers a more personable, individualized experience.
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Qualifications National Honor Society members AP and honors students Both of us have 4 years of tutoring experience with students 11-18 We are both licensed drivers Top 5% of class Bilingual
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Sales Projections Total Units 380 Gross Revenue $66,200 Net Profit $16,938
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Start-up Funds ItemWhy NeededCost AdvertisementTo network and get clients$100.00 DBATo own a business$10.00 Home OfficeWhere we make appointments$30.00 CarTo transport to and from sessionsAlready owned Cell PhoneTo communicate with clientsAlready owned ComputerBusiness recordsAlready owned WebsiteInform our customers$30.00 Office SuppliesPaperwork$30.00 Total Startup Expenditures$200.00 Emergency Fund$300.00 Reserve for Fixed Expenses$8,100.00 Total Startup Investment$8,600.00 ROI: Return on Investment $16,938.05 = 197% ≈$1.97 $8,600.00 ROS: Return on Sales $16,938.05 = 25% ≈$.25 $66,500.00
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Future Plans and Philanthropy Add one more tutor after the first year Expand to more areas after the second year Purchase cars customized with our logo the third year Bachelor’s degree in Education We plan to donate 10% of our net profit to the Andre Agassi Foundation for Education
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“Empowering students one subject at a time” Thank you for your consideration of Tenacious Tutors (website coming soon)
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