START-UP DOGPATY - Mindy Smart Collar
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Transcript of START-UP DOGPATY - Mindy Smart Collar
DOGPATY MINDY COLLAR
Nguyen Thuy Linh, Lauren Mence, Volkan Yumurtaci, Melissa Novak, Giorgia Prelli
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TABLE OF CONTENTS
1. Introduction
2. Product & Services
3. Market of Health Food and Health Care accessories & Market Trend
4. Business Plan 1. Competitors & Swot
2. Business Model
3. Customer Analysis
4. Marketing & Branding
5. Technology and Management
6. Financial Part
5. Communication Plan
6. Timelines
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1.INTRODUCTION3
1. INTRODUCTION
➤Humans are becoming more and more curious about the well-being of human and domestics
animals, especially DOGS. Some owners consider their dog as their child, they really want them to
feel and be good in every circumstances.
➤ Difference between dog & child —> THE COMMUNICATION
How owners can understand their dog and be relax when they let the dog alone?
➤ DOGPATY —> Mindy Collar
➤ to help people understand their dog
➤ to help them to avoid the stress to have the idea to have a dog
➤ the fact to let the dog alone in the house
➤ the healthiness and the security of their dog
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2.PRODUCT & SERVICES5
2. PRODUCT AND SERVICES
Mindy Basic
Mindy Advanced
Emotional Track ⎫ ⎫
Healthiness Track ⎫ ⎫
GPS ⎫ ⎫
Camera ⎫
➤ The emotional side —> Feeling of the dog
➤The healthiness of your dog —> calories burn, the
heart rate, the breath, and the physical activity
➤The GPS —-> Localization (bad situation, or stolen),
Alarm system, Camera
➤ 3 Categories concerning the collar➤Category 1: Size XS, S, M …….. Between 1.5 and 3.5 kg (chihuahua, Yorkshire)
➤Category 2: Size L, XL, 2XL …… Between 5 and 17 kg (Bichon frisé, Pékinois, Jack Russel)
➤Category 3 : Size 3XL, 4XL, 5XL …….. Between 25 and more (golden retriever)
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➤ THE APP: Fill up information about your DOG
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3.MARKET OF HEALTH & MARKET TREND
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3. MARKET OF HEALTH FOOD AND HEALTH CARE ACCESSORIES
Percentage)change)in)sales)value)of)pet)food)and)accessories) 2015
95%$consider$pet$as$a$member$in$the$family$and$they$are$willing$ to$spend$money$to$comfort$them
839$million$Euros$was$spent$for$pet$accessories$last$year
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Sales&value&of&pet&food&and&accessories&in&Italy&in&2014/15,&by&category&(in&million&euros)
We#decided#to#focus#on#Italy#market#due#to#its#potential#and#stable#development#in#sales#of#pet#accessories.#
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3.MARKET TREND
PETSMART(&(TECHNOLOGY OVERWEIGHT*PETS
AGING%PETS%REQUIRE%MORE%CARE PET$INDUSTRY$ATTRACTS$MORE$NEW$START$– UP
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4. BUSINESS PLAN13
« ‘A business plan is a written document that describes in detail how a
business, usually a new one, is going to achieve its goals. A
business plan lays out a written plan from a marketing, financial and
operational viewpoint. Sometimes, a business plan is prepared for
an established business that is moving in a new direction.’
Business definition
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4. BUSINESS PLAN - 4.1. COMPETITION
The$most$dangerous$competitor$ is$Buddy because$their$products$have$similar$functions,$ except$emotional$tracking$technology.$
The$less$threat$competitor$is$GoProFech because$they$just$provide$a$collar$with$camera$
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4.1 SWOT ANALYSIS
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4.2 BUSINESS MODEL
We’ll%run%our%business%mainly%in%the%internet%and%distribute%products%mainly%on%online%platforms%
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4.3 CUSTOMER ANALYSIS
Target audience characteristics
➤All Italian people who have already a dog (36/65 years old)
➤All Italian people that are living in a house with their family (Average of 3 people).
➤All Italian people who are very comfortable with
the use of latest technologies. (Those who are
already familiar with smartphones, smart
screens, smart watches, tablets etc...)
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STATUS HAVE CHANGED
Before: Dogs were only consider for work
Now: Dogs are consider as a companion
Plan FeelingsTalking Comparison
PHENOMENON OF ANTHROPOMORPHISMThe tendency to attribute to our pets behavior, reactions, feelings to the man
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4.4 MARKETING AND BRANDING
➤ Our Statement —> Owners usually consider their dogs as a part of their family, they always try to comfort their dogs just like all the mothers in this planet care about their children
➤ Brand positioning « A non-stop/continuous and secure communication between you and your dog »
➤ Mindy is your key ally.
➤ Mindy is a high tech product
➤ Mindy is quick and easy use
➤ Mindy reduce stress
➤ Mindy help you to understand your dog in any kind of situation
➤ Our Goals ➤ Increase Awareness➤ Increase Sales & Revenue
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➤ Strategy - Online Activities | Why E-commerce? ➤ Quite new company/don’t have a big budget.➤ Our product is a connected object (IoT device), people who are familiar with internet and new
technologies
PRE-LAUNCH LAUNCH POST- LAUNCHKickstarter Website Website
Indiegogo Facebook Facebook
Website Instagram Instagram
Facebook Youtube Youtube
Instagram Google Adword Google Adword
Youtube Email Marketing Email Marketing
Email Marketing Event
Affiliate Marketing: pet salons, pet health care
centers, pet lover clubs, high-tech pet accessory groups…
Affiliate Marketing
Maintain content Pay for high volume of advertisement
Maintain content and pay for ads in lower budget 21
4.5 TECHNOLOGY & MANAGEMENT
Audacity, inventively, flexibility, authenticity... Our level of success !
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Style of direction
Participative management:
➤ Aim to develop trustful relationships with our co-workers.
➤ Combined to consultative
management
➤ Delegation, autonomy, straight objectives
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Stakeholders: Why it’s important for us to well choose our stakeholders?
Primary stakeholders: Directly involved in the economic processus Contract with the firm (co-workers, employees, clients, suppliers)
Voluntary stakeholders: They accept to be exposed to certain risk without being involved in the company
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Strategy of specialisation:
Be specialized in only one job:
➤ Pets accessories. ➤ Develop our competencies and knowledge into only one product, one market and one technology.
ConsPros
Simplicity Our ressources are
concentrated into only one unique job
The structure help the company to be effective
Risk for the future to be dependent to one product or one market
—> risk to market soaked
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4.6 FINANCIAL PART
OWNERS INVESTMENTS Owners (5) 15 000 euro each 75 000 Loan 25 000Total owner’s investment 100 000
Start-Up ExpensesCAPITAL AND OTHER EQUIPMENT Furniture (creation of the Mindy collar) 2 000 Engineer 5 000 Total Capital and Other Equipment 7 000 ADMINISTRATIVE EXPENSES Creation of the application 62 435Advertisements 1000 Total Administrative Expenses 63 435
TOTAL START-UP EXPENSES 70 435
SummaryTotal Sources of Capital 100 000 Total Start-Up Expenses 70 435
TOTAL EXCESS FUNDS 29 565
➤ NO RENT FOR DOGPATY➤ The investment will be use mainly for the creation of the Mindy collar and for the Application.
Collar creation/Packaging Shipment
Funding & Finance
How to create the collar
App estimation Iphone/Android
Flyers/Social Networks
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REVENU 2017 ESTIMATIONYEAR 2017 MINDY BASIC
100MINDY
ADVANCED 150
TOTAL Monthly
JAN/FEB/MAR
40x100= 4000
60x150= 9000 13 000
APR/MAY/JUN
70x100= 7000
100x150= 15 000 22 000
JUL/AUG/SEPT
70x100= 7000
100x150= 15 000 22 000
OCT/NOV/DEC 150x100= 15 000
200x150= 30 000 45 000
Variable costs 1500 €- 3000,00 €
Fixed costs
Employees 8 000,00 €
Advertisement 1500,00 €
Shipment/Packaging 500,00 €
Labor 1 000,00 €
App 5 203 €
Total fixed cost 16 803 €
!10 000$€
!5 000$€
! €
5 000$€
10 000$€
15 000$€
20 000$€
25 000$€
30 000$€
Net$profit$
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37 064&€ 34 692&€ 32 219&€38 246&€
44 274&€50 301&€
56 328&€62 355&€
68 383&€
96 410&€
124 437&€
152 464&€
January' February' March' April' May June' July' August' September' October' November' December'
CLOSING&BALANCE&
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Between the 3 and 4 months the company start to MAKE MONEY !
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5.COMMUNICATION PLAN30
5. COMMUNICATION PLAN
LAUNCHING CAMPAIGN “ Non – stop communication with your beloved dog”
Message:Mindy&helps&you&to&understand&and&be&able&to&communicate&with&your&beloved&dogs&24/7&even&you’re¬&near&them
Event! FREE%health%check%for%dogs%at%pet%clubs%at%different%big%cities%in%Italy! Mindy%Trial%FREE%at%pet%clubs
FlyersDistribute)public)places,)restaurants,)supermarket,) pet)institute
Viral&video!Topic'1:'Don’t' let'dogs'alone!Topic'2:'Do'you'really'understand'your'dog?'
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COMM PLANOct-Nov- Dec
2016Jan-Feb-March 2017
Apr-May-June 2017
July-Agst-Sept 2017
Oct-Nov- Dec 2017
Social Networks (Fb, Insta, Youtube
ect…)
CREATION OF THE
COMPANY
KEEP THEM
POSTEDATTRACT NEW
CUSTOMERS
KEEP THEM POSTED MAKE
THEM BUY THE
PRODUCT
Advertisements (flyers)
DIFFERENT PLACES
DIFFERENT PLACES
Website KICKSTAR INDIEGOGO
TRAFFIC KEY
WORDS
COMMENT’S PART ABOUT
THE EXPERIENCES
VIDEO ON THE
WEBSITE
EventsSHOW THE UTILITY OF
THE PRODUCT
LET’S TRY THE PRODUCT
BECOME MORE
POPULAR
Videos/PicturesABOUT THE COMPANY &
PRODUCT
HOW TO USE THE
PRODUCT & TOPIC 1
HOW IS GOOD FOR YOU & TOPIC 2
THE TRUST OF THE
WEBSITE
INTERNATIONAL DOG
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6.TIMELINES33
6. TIMELINES
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THANK YOU FOR YOUR ATTENTION
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