BOOMERANG

Bangladesh University Of Professionals

Social Problems

1. High pricing of books due to the lack of supply in remote areas 2. No alternative to cheap books.4. Huge amount of un used books to urban students3. Student entrepreneurs do have brilliant ideas but they cannot execute them just because of funding.

Project about

Solution

How it works1. Turning pages is an opportunity for students of semi urban areas of our country to buy/borrow used books for their educational purposes so that their education is not hindered due to lack of proper books. 2. Profit obtained would later on be re invested into the business. 3. Provide loans to student entrepreneurs for start-ups

Abidur Rahman Tahmeed Alam Sameen

Studying BBA @ BUP. Very passionate about starting my own business. Business plans and Advertising are my area of expertise. Love to design. I would like to go further with our idea Turning Pages for Change

Currently studying BBA@ BUP. Have experiences in working for All Reds Bangladesh, Boomerang, and UNYSAB. Has experience in working with HR farms and planning to major in Supply Chain Management

Operations

1. Unused books would be taken from students in return each of them will receive a membership card 2. Temporary booths opened twice every year at the beginning of each semester 3. A team of voluntary member assignment from the top 3 universities of Dhaka 4. This books will be taken to the warehouse

Step: 1

1. According to demand books will transferred to semi rural universities2. Transfer will happen twice a years

3. A store house will also be made with a paid team who manages the distribution there 4. The books will be rented on monthly

Step: 2

1. The revenue received be later used for further growth of the company2. A portion of the revenue will be used on merging technology with the service

3. A portion of the revenue is also planned to be used for micro financing of young entrepreneurs.

Step: 4

1. 60% of books will remain at our warehouse2. These 60% books will be rented to the students with the membership card who can rent the books at a small price range.

3. The books will later be taken from all the rent takers after the end of each semester.

Step: 3Membershipcard

FinancialsDetails Year 1 Year 2 Year 3

No of customers 800 1200 1800

Yearly revenue from book lending

4,80,000 6,12,000 9,18,000

Yearly revenue from loan interest 16%

29,340 52,000 92,480

Total Yearly revenue 5,09,340 6,64,000 1,010,480

Salary 1,80,000 1,80,000 2,50,000

Warehouse rent 72,000 72,000 2,00,000

Initial book Buy 30,000    

Website development 15,000    

Marketing Campaign 20,000 35,000 40,000

Total Cost 3,17,000 2,87,000 3,40,000

Profit/loss 1,92,340 3,77,000 5,20,480

Assumptions1. Books will be collected from BUP DU & NSU 2. 17tk per month for each book3. 5 books for 1 semester will cost 510tk.4. Money generated from lending will be landed to entrepreneurs at a 16% interest rate. 5. 5 employees will get 3000 per month that is early 15000*12=180,000.6. 6000 TK per month for two warehouse

3rd year48%

1st year22%

2nd year30%

BREAK-EVEN

7th month of operation starts

PROFIT

Budget Overview

Social Return

Books Availability@ cheaper rate

Quality of education atSemi urban areas

Bonding between semi urban & urban students

Micro Loans will give opportunityto young entrepreneurs for their start-ups