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Allegany College of Maryland: A Business Opportunity Luke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr.

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Presentation on theme: "Allegany College of Maryland: A Business Opportunity Luke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr."— Presentation transcript:

1 Allegany College of Maryland: A Business Opportunity Luke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr

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

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

4 The local people wanted an affordable educational experience.

5 A non-profit corporation is most applicable to our overall mission. NP: Non-Profit Corporation LLC: Limited Liability Corporation Score

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

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

8 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.

9 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

10 SAIN will break even after 1.53 years.

11 After breaking even, profits will go towards economic and social sustainability. 2/3 1/3

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

13 Appendix: Concept Screening

14 Appendix: Pairwise Comparison

15 Appendix: Concept Scoring

16 Appendix: Gantt Chart

17 Appendix: Different Types of Businesses http://bls.dor.wa.gov/ownershipstructures.aspx


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