Young European Entrepreneurs of the Future

1. Young European Entrepreneurs of the Future 8-11 April 2014 Stockholm

2. QuRe Our company’s goal is to combine nowadays’ fashion with common technology.

3. We encourage individualism • Our aim is to give people opportunities to be able to express and share their ideas, feelings through their clothes, accessories. • Personal or public messages can be sent by nowadays' widespread technique of QR codes while wearing these items.

4. Market Analysis • In most cases QR wares are only part of the products of companies while our aim is to build our business only on these items. • Competitors mostly don't deal with the quality, their purpose is just to create "jesting stuff". • Their range of QR productsrelatedtofashion is much narrower than ours.

5. In what we are the one Ourcompany • Built up by young, enthusiastic entrepreneurs • Zealous attitude to perfection • Deals with QR stuff at full pelt Our goals are • to satisfy our customers' needs • to reach and keep high quality products • to spread our products as parts of fashion to a wide range of customers

6. Business profile Target customers • From childhood to elders • People who care about the quality and the design • Customers who seek uniqueness Legal form • Limited partnership (LP) • At least 2 people are required ->united to conduct business • There is no minimally prescribed core capital • Members decide whether they want shares or not

7. Results of the Questionners • Are you interested in clothes, accessories with QR codes? • What items of clothing, accessories you might be interested in? Money for a T-shirt: 3000-4000 HUF (10-13 euros ) Money for earrings: 2000-3000 HUF ( 7-10 euros)

8. Finance Plan Fixed costs • Designer: 165 euros • Bicycle: 330 euros • Establishment cost: 185 euros Variablecosts • Webshop: 6 euros • Depot: 33 euros • Primecost of earrings (etchwork): 260 euros • Primecost of T-shirts: 425 euros • Accountant: 20 euros • Transportation costs: 78 euros • Marketing expenditures: 17 euros • Wages: 183 euros • Loan repayment: 26 euros • Tax: 494 euros

9. Finance Plan Additional information • number of workhours needed/month: 54 • estimated number of earrings sold/month: 80 • estimated number of T-shirts sold/month: 120 Income • Earrings: 653 euros ( 8,13 euros/ each pair) • T-shirts: 1176 euros ( 9,76 euros/ each)

10. Present and future Summary • Total fixed costs: 676 euros • Total variable costs: 1628 euros • Total income: 1830 euros • Total monthly profit: 203 euros • Breakeven point: in the 12th month Future expenditures • Better webshop: 325 euros+ 17 euros/month • New products: 65 euros/ product +turning out cost • Better capital: 165 euros

11. Team and team roles The Researcher • Market researcher and analyst • His aim is to get knowledge about the newest innovations, developments and to overtake them The organizer • Coordination of products, clients and market • Staying in contact with the customers • Control of the company's operational processes The Creative • Her work is to put the ideas and needs into reality in a unique way • Building from the orders she seeks to satisfy clients' claim • She takes an active part in giving advice for the advertisements

12. Team and team roles The Money Maker • Maintenance of the company's economic situation such as billing, salaries and paying for the lease of the office • He builds relations, acquires business partners and also creates an expected finance plan The Marketer • Spread the idea and the products widely on the web-shop, on posters etc. • Organization of customer meetings • In a situation of company expansion dealing with the interviews

13. QReativity is the QuRe!