1 / 22

Ride Da Wave

Ride Da Wave. Shequari Edwards and Devon Evans 17Age17. Mission Statement. Mission Statement To ensure our customers the most all natural hair product and good service. Opportunity This will give our customers a chance to have better hair products locally. Business Profile.

latoya
Download Presentation

Ride Da Wave

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ride DaWave Shequari Edwards and Devon Evans 17Age17

  2. Mission Statement • Mission Statement • To ensure our customers the most all natural hair product and good service. • Opportunity • This will give our customers a chance to have better hair products locally

  3. Business Profile Insert an image of your product or service here. • Type of Business • retail service • We provide a natural wave grease, lotion or oil that should give a smoother feeling in the users hair. • Legal Structure • Partnership • Limited Liability Company • We chose a partnership because their would be more ideas between the two of us. Having a partnership would share the responsibility and work load of our company

  4. Qualifications We are a part of our target market Natural idea for healthy hair We have taken a Marketing and Business class • I’m qualified to run this business because:   

  5. Market Analysis Total Population 894,478 Target Market 19,773 Potential Market 17,400

  6. Target Market Segment • Demographics • Age between 18-35 male or female with low cut hair styles and they may want to acquire that wavy look. • Geographics • The size of our customers is and they live in hartford, conn. Our target market shops a lot and likes to buy the new things. • Psychographics • Our target market is people who wants to develop 360 waves naturally. • Buying Patterns • Our target market should be loyal to product brand and get all there needs for one product..

  7. Competitive Advantage Ride Da wave 360 Style (pomade) Wave Builder (Lotion) Factors Price 5.19$ 2.99$ $10.00 Quality of Product/Service Excellent great excellent Location Online/ store Online/ store online Reputation/Brands excellent excellent excellent Unique Factors/ Knowledge Smooth and great hold w/ grease Great hold and washes out easy All natural & all around performance

  8. Marketing Mix Hartford , ct Online website • Word of mouth • Business cards • Social networks • Sale to distribution stores Males and females 18 - 35 Affordable starting at $ 10 (plus shipping) Only applies to people online An all natural lotion that has the hold of a grease without the non sticky build up.

  9. Promotional Mix Promotional Expense Monthly Amount Advertising $3.99 Business cards Publicity $0.00 Facebook, twitter, word of mouth, website Personal Selling $7.50 10 Free product samples Sales Promotion $12.50 25% more of our product in the summer Total Monthly Promotional Expense $23.99

  10. Cost of Materials/Labor

  11. Economics of One Unit Description of One Unit of Sale: Describe a unit of sale. What is the customer actually buying from you?

  12. Average Monthly Fixed Expenses

  13. Time-Management PlanSchedule for a Typical Week Total Hours in a Week = 168

  14. Monthly Sales ProjectionsFirst Year Total Units Sold 2,355

  15. Monthly Break-Even Units Monthly Fixed Expenses = Monthly Break-Even Units Contribution Margin per Unit 756.06 = 194 3.90 In an average month, the company will begin to make a profit after selling units. 194

  16. Projected Yearly Income StatementFirst Year

  17. Start-Up Investment B C Total Start-Up Investment $2932.66

  18. ROS & ROI Annual Net Profit Annual Sales X 100 = $0.00 Annual Net Profit Start-Up Investment X 100 = $0.00

  19. Financing Strategy Total Start-Up Investment $442.99

  20. Business Responsibility& Philanthropy • Business Responsibility • As our business grows we plan to use more eco- friendly jars or bottles that our all natural product we be placed in. • Philanthropy • Our business ride the wave will give 5 % of our net profit to a foundation for cancer research and also 3- 5 hours out of the week to comfort these special people and make their life’s a little better than yesterday.

  21. Business & Personal Goals Business Personal • Our short goal business plan is to double the money we put into this business in a year. • To graduate from high school and go to 4 year college. Short-Term • To move out from selling these products out my house into selling many different products in a local store front. • D: To be working in the medical field as an APRN or MD. • S: I plan to be an artist and graphic designer for clothing and pictures. Long-Term

  22. waves on spin Thank you for your consideration. Ride DaWave Our website is in the process of being created

More Related