Week 7

Feedback from class

Given advice for a business model to sell idea to dragons with increasing profit margins

The idea was all the bulk costs comes from app development and advertising, but then maintenance costs level out and become constant. This gives the revenue a chance to rise and end up making profit.

This profit structure model shows the initial expenditure that would be needed to develop the app then the spiked of expenditure represent introducing the app into other regions of the country or cities around the world -  these would mainly be advertising fees and communication with potential sponsors that would provide us with information such as sports facilities and a user-base that would be interested in the use of the app.
The Vertical/Horizontal lines represent the revenue generation that would be seen from introducing the app to other cities around the world. this would be a consistent growth as revenue streams would come in from these cities whilst the cost to advertise (spikes) would generally be around the same expenditure amount relative to the size of the city.

Connected with foundations to see if we were eligible for a grant. As we thought we might be eligible due to our ethos of connecting people and creating a community. After contacting (NZCT - New Zealand Community Trust) they said they wouldn't be inclined to grant us because our start up hasn't been developed yet to gain an audience and sounded like a profit gaining business.

To that we decided to come up with a non-profit business model.

Changes for Week 8 Presentation

Adding in 2 projected business plans, one for profit and one for non profit. Both has their own business strategy using different partnerships to fund.