entrepreneurship: new venture development
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A new venture development strategy..TRANSCRIPT
Job-starter
The app designed to make finding jobs easier than ever before.
Ayush Agrawal
Brain OmbegoMuhalab Al-Busaidi
Mathieu PiotrowskiRupert Naylor
Emily Morphy
Problem
• Temp Agencies don`t offer instant connection with employers
• Students want conviniency in finding part-time jobs
• Employers want to be able to pick and choose from a reliable work force
Solution?
• A downloadable App.
• Shows job opportunities in your local area.
• Provides employers and employees with a platform to connect instantly.
Business Model
• Freemium business model • Ad-based business model• Expected to make 50p per user per year
• Premium Business Model• Automatic usage-based upgrade• 30% of our users are expected to upgrade
Market Size
• It is estimated that 80% of UK Students have Smart phones.
• A survey conducted by Compuware indicatesthat majority of people are beginning to prefer mobile
apps as apposed to webpages.
Market Strategy
• Promotional Video produced by the National Film and Television School.
• Advertising to Early Adopters.
Operational Plan
• Initially target specific geographic locations
• University Alliances.
• Contact and develop relationships with employers
Long-term Business Plan?
Product Features
• Create a ‘work profile’ which can be us to find individual jobs– Connected with LinkedIn– Includes rating system for future jobs
• Simple search function to find jobs in a specific area• Ability to connect with local employers for temporary work
• Chance to connect with other students for job opportunities
• It is all available within a few clicks of a button
Future Product Features
• Efficient search and recruitment for premium customers
• Ability for big graduate businesses to recruit through Job-starter– Connecting the student with efficient grad
job search engine– Potential messaging service to increase
communication
Barriers to Entry
• Heavy Competition : Millions of Apps available – Solution : localize then expand and with a good
marketing strategy
• Prospect of long term management and administration – Solution : Consistency and continuous
technical support
• Ever-changing nature of App industry– Solution: Continual improve and add content
to App
Competition?
• Traditional temp agencies
• Task-Pandas
• Taskrabbit
• Google Helpouts
Risks/Limitations
• Management
• Operations
• Finance
• Legal
Financing
• Initial investment of £40,000
Year 1 Year 2 Year 3 Year 4 Year 5Total Sales Revenue
6.371 40.603 452.069 828.437 1.132.121
Total Cost of Sales
802 4.544 45.887 47.223 35.195
Total Operating Expenses
24.653 37.050 231.002 350.088 509.107
Net Profit -19.084 -991 140.144 331.967 452.620
Team ‘Job Starter’
Name: Emily Morphy
Qualifications: Bachelor in Philosophy, MSc International Management
Job experience: Events specifically Operations
Interests: Public Speaking, Acting
Name: Muhaleb Al-Busaidi
Qualifications: Bachelor in Business Information Systems & MSc International Management
Job experience: Oil & Gas (Shell, Halliburton), IT technology authority managing and supervision
Interests: Football, Travelling, Charity Work
Name: Brayo Nyakwa
Qualifications: Bachelor in Commerce & Msc International Management
Job experience: Phillips accounting & Hansgrohe SE Controlling Department (present job)
Interests: Sports, charity work
Team ‘Job Starter’
Name: Ayush Agrawal
Qualifications: Bachelor in Civil Construction & MSc International Management
Job experience: Practical & Theoretical experience in Construction
Interests: Taekwondo (Black Belt), Trekking
Awards: Merit Medal Award from the Institution of Engineers (India)
Name: Rupert Naylor
Qualifications: BA Ancient History & MSC International Management
Job experience: PWC Consulting, VCM Broking & ESPN Intern
Interests: Sport, Music, History, Charity Work
Name: Mathieu Piotrowski
Qualifications: BSc International Business Administration & MSc Finance and Management
Job experience: Auditing and Accounting
Interests: Sport, Guitar
Invest Now
Welcome to Job
Starter