Create a presentation with the following information: Our Business- Business name, logo, names of owners, and what product/service you are selling. Our Customer & Opportunity- Who is your target market? What need/want does your business meet? Why would students buy from you? What makes you different from competitors? Show Me the Money- Your $50 startup budget, selling price, cost per unit, potential revenue, potential profit, and break-even point. Show your calculations. Marketing Our Business- How will you attract customers? Include your advertisement/logo and explain your marketing strategy. Challenges & Growth- Identify 3 possible risks/challenges and how you would handle them. How could your business grow in the future? Connect your answer to the Business Life Cycle. Invest in Us- Give your final pitch. Why will your business be successful? Why should we invest in your business? The people that are most likely to buy from my business are people who are looking for something else to eat during school. I think they should choose to buy from me because it will give them a new choice of food compared to what they already have in the school. The possible competitors to my business will be the other places in the school that sell food. What makes my business valuable to customers is that no other places in the school are selling burgers so other students will choose to buy from me if they want a burger. Item Cost Ground beef $25 buns $6 Tomatoes $2 cheese $6 Lettuce Salt and pepper $2 $8 TOTAL STARTUP COST $49 I plan to make 15 burgers. Here is what I need to buy:Money remaining: $50 - $49 = $1 Step 2 - Calculate Cost Per Unit Total cost ÷ Number of products = Cost per unit $49 ÷ 15cups = $3.26 Cost per unit: Approximately $3.26 Step 3 - Set the Selling Price I decided to sell each burger for $5 Why? $5 is affordable for students and is higher than the cost of making each burger. Step 4 - Calculate Potential Revenue Number sold × Selling price = Revenue 15cups × $5 = $75 REVENUE IS NOT PROFIT. Revenue is all the money the business brings in before expenses are subtracted. Step 5 - Calculate Profit Revenue - Expenses = Profit $75 - $49 = $21 profit Revenue $75 Expenses $49 Profit $21 Step 6 - Find the Break-Even Point How many $3 cups must I sell to earn back the $40 I spent? $49÷ $5 = 9.8 I cannot sell .8 of a burger, so I round UP. I must sell 10 burgers to break even. 3 risks/challenges that my business can face is a lack of customers and I can solve this by trying to ask people to try my burgers. Another challenge is that people might not like my burgers and I can solve this problem by asking people what they didn't like about my burger then switching whatever they didn't like. A way my business moves through the business life cycle and grows is me being persistent with my business and making sure customers are satisfied. owner name- Willie lee
Create a presentation with the following information:
Our Business- Business name, logo, names of owners, and what product/service you are selling.
Our Customer & Opportunity- Who is your target market? What need/want does your business meet? Why would students buy from you? What makes you different from competitors?
Show Me the Money- Your $50 startup budget, selling price, cost per unit, potential revenue, potential profit, and break-even point. Show your calculations.
Marketing Our Business- How will you attract customers? Include your advertisement/logo and explain your marketing strategy.
Challenges & Growth- Identify 3 possible risks/challenges and how you would handle them. How could your business grow in the future? Connect your answer to the Business Life Cycle.
Invest in Us- Give your final pitch. Why will your business be successful? Why should we invest in your business? The people that are most likely to buy from my business are people who are looking for something else to eat during school. I think they should choose to buy from me because it will give them a new choice of food compared to what they already have in the school. The possible competitors to my business will be the other places in the school that sell food. What makes my business valuable to customers is that no other places in the school are selling burgers so other students will choose to buy from me if they want a burger.
Item
Cost
Ground beef
$25
buns
$6
Tomatoes
$2
cheese
$6
Lettuce
Salt and pepper
$2
$8
TOTAL STARTUP COST
$49
I plan to make 15 burgers. Here is what I need to buy:Money remaining: $50 - $49 = $1
Step 2 - Calculate Cost Per Unit
Total cost ÷ Number of products = Cost per unit
$49 ÷ 15cups = $3.26
Cost per unit: Approximately $3.26
Step 3 - Set the Selling Price
I decided to sell each burger for $5
Why? $5 is affordable for students and is higher than the cost of making each burger.
Step 4 - Calculate Potential Revenue
Number sold × Selling price = Revenue
15cups × $5 = $75
REVENUE IS NOT PROFIT. Revenue is all the money the business brings in before expenses are subtracted.
Step 5 - Calculate Profit
Revenue - Expenses = Profit
$75 - $49 = $21 profit
Revenue
$75
Expenses
$49
Profit
$21
Step 6 - Find the Break-Even Point
How many $3 cups must I sell to earn back the $40 I spent?
$49÷ $5 = 9.8
I cannot sell .8 of a burger, so I round UP. I must sell 10 burgers to break even.
3 risks/challenges that my business can face is a lack of customers and I can solve this by trying to ask people to try my burgers. Another challenge is that people might not like my burgers and I can solve this problem by asking people what they didn't like about my burger then switching whatever they didn't like.
A way my business moves through the business life cycle and grows is me being persistent with my business and making sure customers are satisfied. owner name- Willie lee
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Willie Lee's innovative school burger concept aims to provide students with a unique lunch option, featuring the only burgers available on campus. With a modest startup budget of $49, the business model demonstrates profitability, achieving a break-even point at just 10 burgers sold. The marketing strategy focuses on promoting affordability, freshness, and variety, while actively managing risks through customer feedback and promotional efforts. The goal is to grow the business by ensuring...