Team bulla final
 

Team bulla final

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  • Deliverable: Each team will present a 10 minute “Lessons Learned” presentation about their business. Slide 1 – Team Name, with a few lines of what your initial idea was and the size of the opportunity Slide 2 – Team members – name, background, expertise and your role for the team Slide 3 -  Business Model Canvas Version 1 (use the Osterwalder Canvas do not make up your own).Here was our original idea.  Slide 4 - So here’s what we did (explain how you got out of the building) Slide 5 – So here’s what we found (what was reality)  so then, … Slide 6  -  Business Model Canvas Version 2 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Slide 7 - So here’s what we did (explain how you got out of the building) Slide 8 – So here’s what we found (what was reality)  so then, Slide 9 -  Business Model Canvas Version 3 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Etc. ,,,  Every presentation requires at least three Business Model Canvas slides.  Side n – “So here’s where we ended up.”  Talk about:1.     what did you learn2.     whether you think this a viable business,3.     whether you want to purse it after the class, etc. Final Slides – Click through each one of your business model canvas slides.
  • Deliverable: Each team will present a 10 minute “Lessons Learned” presentation about their business. Slide 1 – Team Name, with a few lines of what your initial idea was and the size of the opportunity Slide 2 – Team members – name, background, expertise and your role for the team Slide 3 -  Business Model Canvas Version 1 (use the Osterwalder Canvas do not make up your own).Here was our original idea.  Slide 4 - So here’s what we did (explain how you got out of the building) Slide 5 – So here’s what we found (what was reality)  so then, … Slide 6  -  Business Model Canvas Version 2 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Slide 7 - So here’s what we did (explain how you got out of the building) Slide 8 – So here’s what we found (what was reality)  so then, Slide 9 -  Business Model Canvas Version 3 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Etc. ,,,  Every presentation requires at least three Business Model Canvas slides.  Side n – “So here’s where we ended up.”  Talk about:1.     what did you learn2.     whether you think this a viable business,3.     whether you want to purse it after the class, etc. Final Slides – Click through each one of your business model canvas slides.
  • Deliverable: Each team will present a 10 minute “Lessons Learned” presentation about their business. Slide 1 – Team Name, with a few lines of what your initial idea was and the size of the opportunity Slide 2 – Team members – name, background, expertise and your role for the team Slide 3 -  Business Model Canvas Version 1 (use the Osterwalder Canvas do not make up your own).Here was our original idea.  Slide 4 - So here’s what we did (explain how you got out of the building) Slide 5 – So here’s what we found (what was reality)  so then, … Slide 6  -  Business Model Canvas Version 2 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Slide 7 - So here’s what we did (explain how you got out of the building) Slide 8 – So here’s what we found (what was reality)  so then, Slide 9 -  Business Model Canvas Version 3 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Etc. ,,,  Every presentation requires at least three Business Model Canvas slides.  Side n – “So here’s where we ended up.”  Talk about:1.     what did you learn2.     whether you think this a viable business,3.     whether you want to purse it after the class, etc. Final Slides – Click through each one of your business model canvas slides.
  • 13, 12, 8,Messenger spelling error
  • Deliverable: Each team will present a 10 minute “Lessons Learned” presentation about their business. Slide 1 – Team Name, with a few lines of what your initial idea was and the size of the opportunity Slide 2 – Team members – name, background, expertise and your role for the team Slide 3 -  Business Model Canvas Version 1 (use the Osterwalder Canvas do not make up your own).Here was our original idea.  Slide 4 - So here’s what we did (explain how you got out of the building) Slide 5 – So here’s what we found (what was reality)  so then, … Slide 6  -  Business Model Canvas Version 2 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Slide 7 - So here’s what we did (explain how you got out of the building) Slide 8 – So here’s what we found (what was reality)  so then, Slide 9 -  Business Model Canvas Version 3 (use the Osterwalder Canvas do not make up your own).We  iterated or pivoted… explain why and what you found. Etc. ,,,  Every presentation requires at least three Business Model Canvas slides.  Side n – “So here’s where we ended up.”  Talk about:1.     what did you learn2.     whether you think this a viable business,3.     whether you want to purse it after the class, etc. Final Slides – Click through each one of your business model canvas slides.

Team bulla final Team bulla final Presentation Transcript

  • BULLA WHERE WE STARTED Our initial idea was to develop a small men’s handbag targeted at the professional male between 25-35, above average income looking for a trendy bag to carry his must have belongings. The men’s handbag market is estimated at $1B/ year.The Idea! Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA WHERE WE ENDED UP After Customer Development Process: • It’s a company and not just a product BUT you need to start with a HOT product • Men do want a way to carry their iPad and other personal items BUT professionals today still need to carry their laptops • SO based on customer input… we shifted our initial product to a MODULAR messenger bag that includes a REMOVABLE folio case. • New product is UNIQUE, INOVATIVE and addresses a BROADER USE- CASEThe Idea! Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA The Team: Team member Background Expertise role name Web marketing & Customer engagement David Zilberman The founder and CEO of iRazzle ecommerce and Product Design Ph.D.; business development Analytics, business Marketing and web Aaron Kelley management; experience with development design complex chemicals and materials. Merchandising, product Product development John Robinson development&supply chain Sourcing and sourcing management experienceTeam Bulla Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLABusiness Model Canvas Version 1 Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA What we did: • Conduct a dozen interviews with potential customers in our demographic segment • Interview retailers -20 men’s fashion and/or accessory stores • Visited competitor bag manufacturers Timbuktu & Rickshaw • Pivoted from men’s handbag to satchel to a bag for the iPadBMC V1, So here’s what we did Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA Lessons Learn: • Resegmenting an existing market with a niche product(s) driven by branding and marketing – Defined the addressable target = 190K Bags/$47.5M • Sales clerks at the retail stores we visited indicated that there is consumer demand for “men’s iPad bags”. • Men who we’ve interviewed expressed an interest in customization and willingness to pay a premium • Price points range from about $100 for canvas to around $300 to $400 for leather smaller bags and can range as far as $500 to $600 for mid-size leather messenger bags.BMC V1, So here’s what found Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLABusiness Model Canvas Version 2 Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA What we did: • Recruited a designer to join Team Bulla! • Launched low-fidelity website to test funnel through simulation • Launched web surveys • Got out and engaged potential customers to learn about their willingness to purchase online or retail • Examined customization strategies by meetings with industry experts including head of fashion department @ CCA, visiting bay area bag retailers/manufacturer and operations and product development professor @ HaasBMC V2, So here’s what we did Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA Lessons Learn: Survey response: • 48% willing to purchase online • 15% Likely, Very Likely to Purchase within next 3 months • 42% would consider possibly purchasing within next 3 months Customization: • Keep it simple; control the variable configurations by offering pre-set options • Customers are willing to wait for customization although if the wait- time is too early it may not be perceived as unique whereas, too late may risk a loss of interest • Consider a short supply chain by sourcing with a local manufacturerBMC V2, So here’s what found Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLABusiness Model Canvas Version 3 Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA What we did (1 of 2): • First round of designs Messenger bag The first round of designs were created based on our design concept Folio • Second round of designs The second round of designs were created based on feedback from potential customers that was received from the first round of designs Folio & After several calls with the designer and a ½ day of hands Messenger bag on design iterations incorporating feedback from potential customers We developed what we believe represents the customers needs/wants in a novel design with a folio type bag that will hold an iPad and several other items (phone, business cards, glasses, etc.). The folio can then fit into a second bag which expands its carrying capacity to include a full sized laptop and power cables.BMC V3, So here’s what we did Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA What we did (2 of 2): • Mapped ecommerce revenue model • Sent our project out to bid to 7 manufacturers for bidding. – Country of Origin: China, Hong Kong, United States – BOM ranged in price from • Folio Range $5 to $27, average $9.40 • Messenger bag Range 7.80 to 41, average $18.81 • Combined ranged from $12.8 to $68, average $40.4 • Web page - www.bullaboys.com. – Designed to understand customer acquisition costs by actual bag purchases. – Linked product images, which are similar to our design styles, to Amazon bags – Collect costing data to drive traffic to Bullaboys via Adwords, Facebook, LinkedIn, Google this combined with the actual conversion to purchases should give us a good estimate of acquisition costs.BMC V3, So here’s what we did Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA Lessons Learn: • Product designed with the customers inspiration can lead to imaginative solutions • It is necessary to work more closely with the designer through the prototype building to ensure you are happy with the end product. • For a start up – manufactures are motivated by charity or giving the little guy a discount. However, there are some who can offer insights and advice for navigating the mine fields • Driving traffic to Bulla Boys 250 – Top search terms: iPad Case, iPad Bag, 211 Top Search Terms (CTR) Tablet(0.02%) Man bags(1.6%) iPad Gifts for men, and Laptop bags 200 case iPad bag Gifts for men Laptop bags – Cost per acquisition 150 $1.62 avg. Cost Per Click • Adwords: $1.62/CPC, .02%/CTR & 1.6%/CTR 100 • Facebook: $.73/CPC, .034%/CTR, 50 • LinkedIn: $2.00/CPC, .011%/CTR 27 23 19 18 6 5 3 0 & Concept EvolutionBMC V3, So here’s what found Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA “So here’s where we ended up:” 1. What did you learn a) Customer feedback is essential...by engaging the customer early and often will you learn something. b) Get out engage the customer with prototypes c) The right survey will delivery valuable data. The wrong one can lead you hanging. d) The first design isn’t the design that is going to market e) Your key supplier may not see you as a key customer (p.s. don’t tell them you’re a start up) 2. Yes, we believe there is a viable business here, but the work has only begun Selling a fashion product is as much about building a brand through marketing as it is about a inspiring designs 3. Do we want to purse this after the class? We’ll keep our day jobs but the lessons learn from this class and project will benefit each of us in our future endeavors“So here’s where we ended up.” Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLA A big thank you to our teaching team, designer, advisers, naysayers, and most of all our potential customers. Special thank you to: Mike Corselli, Designer Saad Khan, Advisor Michael Martin, Advisor Mark Richards, AdvisorA special shout out Team Bulla, David Zilberman, Aaron Kelley, John Robinson
  • BULLAFinal canvas walk through Team Bulla, David Zilberman, Aaron Kelley, John Robinson