Slide 1:
Title: Launching a New Invention: A Business Plan Presentation
Slide 2:
Product Name: Eco-Feeder
Description: The Eco-Feeder is a smart bird feeder that uses solar power to monitor and dispense bird food, helping to attract a variety of bird species to your backyard. Here is a sketch of the Eco-Feeder.
Slide 3:
Ownership Type: Limited Liability Company (LLC)
Advantages:
- Limited personal liability protection for the owner
- Pass-through taxation, avoiding double taxation
Disadvantages:
- More complex and costly to set up and maintain than a sole proprietorship or partnership
Slide 4:
Business Description:
Our company, Eco-Feeder LLC, is dedicated to providing innovative and eco-friendly products to bird enthusiasts. We strive to bring nature closer to our customers through the use of technology and sustainable design.
Slide 5:
Marketing Strategies:
- Social media advertising campaigns targeting bird watchers and nature lovers
- Collaborations with wildlife conservation organizations to promote the Eco-Feeder as a tool for supporting local bird populations
- Participation in trade shows and birdwatching events to showcase the Eco-Feeder
Slide 6:
Competitive Analysis:
- Competitors: Traditional bird feeders, other smart feeders on the market
- Differentiation: Eco-Feeder's use of solar power and smart monitoring technology sets it apart from competitors
- Pricing: Competitive pricing strategy to attract price-conscious consumers
Slide 7:
Marketing Plan:
- Launch a crowdfunding campaign to generate buzz and pre-orders for the Eco-Feeder
- Partner with influencers in the birdwatching community to promote the product
- Offer discounts and promotions to early adopters to drive sales
Slide 8:
Operations and Management Plan:
- Manufacturing: Outsource production to a trusted manufacturer
- Distribution: Use a mix of online sales platforms and retail partnerships for wide distribution
- Team: Hire experienced professionals in marketing, operations, and customer service to support the growth of the business
Slide 9:
Financial Plan:
- Start-up Costs: $100,000 for product development, marketing, and initial inventory
- Revenue Projections: $500,000 in the first year, with a projected growth of 20% annually
- Break-even Analysis: Estimated break-even point within the first year of operation
Slide 10:
Sources:
- Small Business Administration (SBA) website
- Entrepreneur magazine
- Market research reports on smart tech and eco-friendly products.
You are an inventor that has created an amazing product. In order to launch your product to market, you must create a business that will protect your personal fortune. As you are working on the start-up, you are creating a business plan. In this portfolio, you will share some key sections of that plan. Create a presentation. Adhere to the 7x7 rule that you learned in a previous lesson. You should have a minimum of 10 slides. This is an opportunity for you to show your creativity. While you are making up most of the information, it must make sense as you describe it. Follow the outline below:
1. Slide 1 - Cover Slide
2. Slide 2 - Name your product and provide a picture, drawing/sketch of the product
3. Slide 3 - What type of ownership will you choose? (Remember, you need to protect your personal fortune). Explain the advantages and disadvantages of choosing this type. Read this article if you need help.
4. Slide 4- Share your Business Description
5. Slide 5 - Share your Marketing Strategies
6. Slide 6 - Share your Competitive Analysis
7. Slide 7 - Share your Marketing Plan
8. Slide 8 - Share your Operations and Management Plan
9. Slide 9- Share your Financial Plan
10. Slide 10 - List any sources you used
1 answer