WSE Cuban Proposal

7,494 views

Published on

My proposal for the Mark Cuban stimulus plan

Published in: Business
2 Comments
3 Likes
Statistics
Notes
  • Yeah, but Xerox only does it for businesses. The focus of his business is for consumers. The idea's not bad - just the bend.

    Here's the problem. There are thousands if not millions of seniors with all kinds of records and a lack of patience to learn a scanning system and the will to use it. They're certainly not lacking the time (well, maybe now the economy's gone south they're working again) but the will to use another piece of technology is not there.

    They're interested in genealogy, in how their legacy is going to be remembered.

    THAT'S how to make this work. I have *thousands* of genealogical documents that I need to get around to scanning and OCR'ing. I don't have the time right now (I'm probably not the best target market) - but every time I see a relative, I get more requests to scan stuff so people will remember them - pictures, letters, old records.

    If you take it to Kinkos, its $12 for the disk by itself and they charge you a pretty hefty fee for scanning the documents. They don't allow you to do them yourself.

    If you use a service a lot of times you have to mail sensitive documents away for weeks at a time. Are you going to trust your financial records or your one of a kind photos from the 1800s to the postal service, a company in who knows where, etc? I'd trust the guy in front of me to scan it and go.

    The only issue I see here, especially with photographs, is copyright. You would have to have a mechanism to make sure that nothing you do is going to be copyrighted by anyone outside the family.

    The point is not that people have a scanner and can use it - its that many people don't want to, can't, or don't have the time to use it. Think a fast food model - people can make and eat great hamburgers at home, but they can't/don't have the time/don't want to so they hop to the McDonalds or Burger King.

    I think Noah's got a great idea - now only if he can price it reasonably and get it started in my hometown :-)
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Noah, I think your idea is interesting. In this economy, its a luxury service that I don't think people will pay for.

    My curiousity, however, is if the business is already running. I can think of some much more interesting ideas to do with it where it would take advantage of the fact that some of us don't want to spend 10 hours scanning to our home scanner.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
No Downloads
Views
Total views
7,494
On SlideShare
0
From Embeds
0
Number of Embeds
8
Actions
Shares
0
Downloads
35
Comments
2
Likes
3
Embeds 0
No embeds

No notes for slide

WSE Cuban Proposal

  1. We Scan Everything www.wescaneverything.com bringing digital records to everyone idea by Noah Harlan noah@twopointonefilms.com www.noahharlan.com
  2. The Problem: - Tremendous amounts of paper in our lives every day - receipts - bank statements - medical records - photographs - Takes up physical space in our homes - Easily destroyed by fire, flood, hurricane or simple accidents - Fades over time - Difficult to move & transfer - heavy to carry - faxing is outdated, increasingly rare and prone to errors Idea By Noah Harlan noah@twopointonefilms.com 2
  3. Who Is Affected: - Retirees (AARP has over 40,000,000 members alone) - Families (no time to learn, no time to spend hours catching up) - Starting Our or Starting Over (people just out of school or divorce) - You and Me How much of this stuff do you have in your closets? In storage somewhere? In your garage? At your parentsʼ house? Idea By Noah Harlan noah@twopointonefilms.com 3
  4. The Answer: Scan It! But wait! Millions of people donʼt know how to scan documents or donʼt own scanners! Thatʼs where we come in... Idea By Noah Harlan noah@twopointonefilms.com 4
  5. The Concept: Geek Squad meets College House Painting! - Individuals located in communities around the country will come to homes and scan all their documents for them quickly, safely & efficiently. - Each Scan-Master is equipped with a simple laptop with CD Burner and a Fujitsu SnapScan 510 - They arrive, discuss your needs, then scan like the wind! Scanning five years of credit card statements would take, on average, 7 minutes. - Scanning all legal records for an average family, going back five years would take < 2 hours. - Files are offered to the customer organized in easy to understand folders on a CD ROM or Flash Drive. Idea By Noah Harlan noah@twopointonefilms.com 5
  6. Key Assumptions - Scanning Basic Records Package costs $250 - package includes 5 accounts (credit card, bank, insurance, etc...) for 5 years - each additional account costs $25 - Scan-Masters can average 2 visits per day x 5 days per week - Scan-Masters receive commission payment of 50% - Additional Revenue Options - Online Storage of records - Monthly Mail-In or On Site Updates - Special Fees for scanning photo albums & other odd items Idea By Noah Harlan noah@twopointonefilms.com 6
  7. Assumptions Pro Forma Is for 1month (4 weeks) # Scan-Masters 2 10 25 Pro Forma # Jobs Per S-M/week 10 10 10 Upsell $ Per Appointment $25 $25 $25 Conservative Moderate Aggressive Income Fees $ 20,000.00 $ 100,000.00 $ 250,000.00 Up-Sell Services $ 2,000.00 $ 10,000.00 $ 25,000.00 Total Income $ 22,000.00 $ 110,000.00 $ 275,000.00 Expenses COGS Scan-Master Commissions $ 11,000.00 $ 55,000.00 $ 137,500.00 Equipment Maintenance $ 200.00 $ 800.00 $ 2,000.00 Total COGS $ 11,200.00 $ 55,800.00 $ 139,500.00 Operating Expenses Insurance GL $ 250.00 $ 500.00 $ 1,000.00 Advertising Internet $ 2,500.00 $ 5,000.00 $ 10,000.00 Publications $ 2,500.00 $ 5,000.00 $ 10,000.00 Communications Phone $ 250.00 $ 250.00 $ 1,000.00 Internet $ 100.00 $ 100.00 $ 100.00 IT Web hosting $ 500.00 $ 500.00 $ 500.00 Support $ 2,500.00 $ 2,500.00 $ 2,500.00 Office Rent $ - $ - $ 2,500.00 Office Supplies $ 50.00 $ 100.00 $ 250.00 Postage $ 25.00 $ 25.00 $ 25.00 Utilities $ - $ - $ 200.00 Janitorial $ - $ - $ 250.00 Payroll Salaries $ 10,000.00 $ 10,000.00 $ 15,000.00 Payroll Expenses $ 1,100.00 $ 1,100.00 $ 1,650.00 Professional Fees Accounting $ 100.00 $ 100.00 $ 500.00 Recruiting $ 1,500.00 $ 2,500.00 $ 5,000.00 Referral Fees $ - $ - $ - Travel & Entertainment $ 250.00 $ 250.00 $ 250.00 Miscellaneous $ 1,000.00 $ 1,000.00 $ 1,000.00 Total Operating Expenses $ 22,625.00 $ 28,925.00 $ 51,725.00 Total Expenses $ 33,825.00 $ 84,725.00 $ 191,225.00 Net Ordinary Income $ (11,825.00) $ 25,275.00 $ 83,775.00 Startup Expenses Equipment Purchases $ 3,000.00 $ 11,000.00 $ 28,000.00 Tech Development $ 25,000.00 $ 25,000.00 $ 25,000.00 Legal $ 20,000.00 $ 20,000.00 $ 20,000.00 Total Startup Expenses $ (45,000.00) $ (45,000.00) $ (45,000.00) Net Income $ (56,825.00) $ (19,725.00) $ 38,775.00 Idea By Noah Harlan noah@twopointonefilms.com 7
  8. The Deal - Cash Required: $150,000 - to cover capital & start up expenses and running costs for first 60 days - Investor gets preferred return of 120% of equity invested from net revenue - There-after investor share 50/50 in all net revenue from all sources (including selling the company) - Investor and Founder(s) dilute pari-passu Idea By Noah Harlan noah@twopointonefilms.com 8

×