Resource Requirement

Question

What resources would this business need?

What is the Business or Revenue Model? Including: Expertise, Capital, Operating Resources, HR, Legal, Regulatory, Start-Up, On-Going, Facilities, Equipment, etc.

Did you do a Break-Even analysis; with Pricing and Cost Structure?

Answer questions from uploaded business analysis

Answer

Resource Requirement

App and Gown is a business that will be providing education services to its clients. The service will be provided through an application that can be downloaded on smartphones. The application will be the main point of contact between the business and its clients. The business model used is known as the subscription model. The clients will enter into a contract with the company and thus will be required to pay a pre-determined fee to the company until the contract expires (complete their associates degree). The company will thus be generating revenues from the fees paid by the students.

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The business model requires employees with various expertises. The company will have an accreditation manager who will be involved in the issues of accreditation; senior manager to oversee all the company activities; Sales manager who deals with promotion along with selling the product and quality control; technology manager who will be involved in leading the implementation of the online system and advising on the latest trends on technology related to online courses; education experts to provide content for online classes, and software development and maintenance experts.

The capital required for start-up will be provided a bank in the form of a loan. The total capital required for start u is approximately $42,000.

The headquarters for the company will be in Kansas City near IACBE. The offices will be for the management and workers. The company will not have physical classes for the students.

The regulatory body for education is IACBE. The company will thus seek accreditation from the body to offer post-secondary courses. The company will also require a license of operation of the state government as well as the Department of Higher Education.

The company will operate an online business. It will thus require an application to connect with the clients. At the completion of the course, the students will be able to generate a certificate from the application. The certificate can be printed.

The business plan did not have a break-even analysis. However, the pricing for the courses will be $100 per three credit course. The summation cost for full bachelor’s accreditation will be $4000. It constitutes a total of 120 credits.