Erasmus

2. Innovative Mathematics
education
Business idea

3. The project
The aim of this project is the establishment of a
company, which seeks to organize lectures and make
use of the most innovative and creative methods of
teaching mathematics. We would like to broaden
students’ knowledge and provide them with education of
high quality. We plan on engaging young talents in our
activities by organizing multiple events in the city of
Burgas with connection to the annual mathematical
competitions.

4. Mission
 Short-term goals:
Organization of free weekly events for self-promotion and
ensuring sustainability.
 Long-term goals:
Organization of weekly events in the country, seminars and
meetings of mathematicians, preparation courses and
increasing profits.

5. The office is located on 8001, 19, “Stefan Stambolov”
Blvd, Burgas.
Needed materials: markers, white boards, chairs,
access to a conference hall, mathematical
handbooks.

6. Opportunities Threats
Economic factors The chance to improve the
knowledge of our students.
There are hardly any threats.
Political factors Make our student’s success rate
better.
The government might not
consider our institution as
helpful.
Demographic factors Most people live in the bigger
cities, therefore- more people
are to visit our lessons.
During the winter it will be
harder to visit our lessons
because of the weather.

7. Lesson costs
Lesson costs include:
 Advertising;
 Salaries for the teachers;
 Furnishing our venue;
 Awards for the contests;
 Maintenance of our app.

8. Table: Start-up
Requirements
Start-up Expenses
Advertising in local newspapers €200 per month
Brochures €150
Advertising in local TV channels €300 per month
Insurance €250
Furnishing €3500
Legalization €400
Other €200
Total Expenses (not including the
advertising)
€4500
Total Expenses €4500 + €500 each month
Start-up Assets
Cash €7000
Short-term Assets & Long-term Assets €9490
Total Requirements (not including the
advertising)
€13990

9. Item Number Price per one Value
Desks 50 €50 €2500
Chairs 55 €20 €1100
Computers 5 €500 €2500
Multimedia 4 €260 €1040
Notebooks 100 €2 €200
Pen 150 €1 €150
Textbooks 100 €15 €1500
Reference books 100 €5 €500
Total €9490

10. Wage costs
Position Payment per month
Teacher €400
Website maintainer €400
App maintainer €400
Advertisers €350

11. Services
We organize lectures with the best mathematicians from the
country. You can also subscribe to our website in order to have
access to thousands of mathematical problems. If you are not
able to attend our lectures you can watch them live from your
computer or mobile device. Furthermore we organize math
contests every month and the winners receive awards. In the
summer those with the best results qualify for our final contest.
You can also download our app.

12. Services costs
Type of service One person Under 20 people 20-40 people 40+ people
One hour lecture _ €40 €50 €60
Two hour lecture _ €70 €85 €100
Three hour lecture _ €95 €110 €130
One month
subscription
€6 _ _ _
Six months
subscription
€25 _ _ _
Watching a lecture
from computer or
mobile device
€2 per hour
_ _ _
Participate in a
monthly contest
6
_ _ _
€

13. Advertising
 Brochures
 Posters on school walls
 Adverts in local TV channels
 Adverts in local newspapers
 Creating an official website
 Creating a Facebook page

14. Growth of popularity
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
6 months 12 months 18 months 24 months
in Burgas
in Bulgaria
On the chart above, you can see our company’s expectations of
how popular it will be in Burgas and in Bulgaria for period of 2
years.

15. Finding of personnel
 Requirements will be posted in company’s website.
 Job adverts will be published in the local newspapers.
 Advertising posters offering job will be placed near
schools and universities.
 The company will offer work experience for students who
want to work in this business area.

16. Income plan
 Our expectations are to have a profit of 115% of our
original budget in the first year and 190% of our
original budget in the second.
Original budget
Profit 1st year
Profit 2nd year

17. Conclusion
 In conclusion key factors for success are: To offer
quality education which will be noticed; A great
atmosphere during the lectures; Smart controlling of the
finances and the flow of money; Strict control over all
expenses with no exclusions.We think that for the full
satisfaction of the clients we should offer a mobile app
and website, to help them enjoy our courses from
elsewhere in the world. This is a priority for us because
it will help for the advertising and popularization of our
company.

18.  For Discover the Unknown in Mathematics, Erasmus+ project
 High School of Mathematics and Science Burgas, Bulgaria