STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.
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Transcript of STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.
![Page 1: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/1.jpg)
STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe
Daniel Mikhail
Alec Taren
Chiao-Wen Huang
![Page 2: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/2.jpg)
TABLE OF CONTENTS
Company Business Type Product Markets/Advertising Funding
![Page 3: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/3.jpg)
HTMW LLC.
Stem House Products Innovative Educational Technology Located in Wyoming
![Page 4: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/4.jpg)
NEED/PROBLEM
Schools are looking for a product that could alleviate the poor educational situation that currently affects STEM education.
![Page 5: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/5.jpg)
OPPORTUNITY
Create a system that seeks to ameliorate the inefficiency in American STEM education
No products on the market that address this issue
An opportunity to make money
![Page 6: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/6.jpg)
BUSINESS TYPE
Sole Proprietorship Corporation Limited Liability Company (LLC)
![Page 7: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/7.jpg)
Sole Proprietorship
Corporation
Limited Liability Company
Selection criteria
Weight(%)
rating Weighted score
rating Weighted score
Rating Weighted score
Ability to obtain Capital
23 1 0.23 4 0.92 2 0.46
Ability to manage effectively
30 5 1.5 1 0.3 4 1.2
Flexibility 15 4 0.6 2 0.3 4 0.6
Risk 7 1 0.07 4 0.28 4 0.28
Tax 25 5 1.25 2 0.5 5 1.25
Total score 3.65 2.3 3.79
Rank 2 3 1
![Page 8: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/8.jpg)
LEGAL STANDING
Copyright Patent Trademark
![Page 9: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/9.jpg)
PRODUCT
STEM program Aid teachers in educating students Inspire students’ interest
![Page 10: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/10.jpg)
PRODUCT LIFECYCLE
![Page 11: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/11.jpg)
POTENTIAL MARKETS
Primary Markets School Districts
Secondary Markets Doctors Office Dentists Office Households
![Page 12: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/12.jpg)
UNIQUE SELLING POINTS
Portable Easy Maintenance Cost-Effective Upgradeable
![Page 13: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/13.jpg)
MARKETING STRATEGY
Individual Units and Bulk Packages Facebook/Website Direct Mail
![Page 14: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/14.jpg)
FUNDING REQUEST
Loans: General Small business Loan = $700,000
Interest Rate: 3% Initial fee and annual fee
Other Possible fundraising techniques as LLC Crowd funding Grants
![Page 15: STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.](https://reader036.fdocuments.net/reader036/viewer/2022062516/56649e4d5503460f94b42fae/html5/thumbnails/15.jpg)
REFERENCES
http://wiki.answers.com/Q/How_many_school_districts_in_us
https://www.google.com/#q=product+life+cycle
http://www.ehow.com/list_5994996_llc-pros-cons.html
http://bls.dor.wa.gov/ownershipstructures.aspx