Allegany College of Maryland: A Business

OpportunityLuke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr

Table of Contents

• Recognize the opportunity/define the problem space • Specifications • Brainstorm Ideas • Evaluate Ideas • Analysis • Components of the business plan • Appendix

There is an opportunity to create an economically sustainable business on the campus of ACM.

Available Land

The local people wanted an affordable educational experience.

A non-profit corporation is most applicable to our overall mission.

LLP C NP LLC2.82.9

33.13.23.33.43.5 Total Evaluation Score

LLP: Limited Liabil-ity Partnership

C: Corporation

NP: Non-Profit Corporation

LLC: Limited Liability Corporation

Scor

e

For this opportunity a successful business is one that satisfies all specifications.

Series10

0.050.1

0.150.2

0.250.3

0.350.4 Importance of Specs

Economic Sustainability Personal Control Ease of Startup Financial Benefits Legal Liabilities

Pairw

ise

Scor

e

A course which allows students to create future exhibits will be offered at ACM

Customers need affordable options.

• When a customer visits two tech exhibits, they can visit a third free of charge.

• Customer visits must be on either different days or different locations.

Financial Projections

• At a price of $10 per ticket, we need an average of 175 people per day to pay off our annual operational cost

• Customers expected per day: 200

• $250 profit per day

SAIN will break even after 1.53 years.

After breaking even, profits will go towards economic and social sustainability.

Profit Distribution

Scholarship FundCollege Course2/3

1/3

As a nonprofit corporation we aim to generate economic growth in the ACM region.

Appendix: Concept Screening

Appendix: Pairwise Comparison

Appendix: Concept Scoring

Appendix: Gantt Chart

Appendix: Different Types of Businesses

• http://bls.dor.wa.gov/ownershipstructures.aspx