Entrepreneur Project-MBA

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I hope this will help whoever is preparing for MBA. I made these slides with a friend for my Integrated Business Skills class at Studies in American Language at San Jose State University. I would like to thank Sarah Dreger Fattarsi for being a great teacher. This document is published only for the educational purpose.

Entrepreneur Project-MBA

  1. 1. EVERYONE WINS!!! Firat Sekerli Integrated Skills/Sarah Dreger 12/01/2009
  2. 2. Types of Gift Cards 1 Closed loop: Issued by a specific store or restaurant and can be only redeemed by the issuing provider.
  3. 3. Types of Gift Cards 2 Hybrid closed loop: card where the issuer has bundled a number of closed loop cards; an example is a gift card for a specific mall.
  4. 4. Types of Gift Cards 3 Open loop: Issued by banks or credit card companies and can be redeemed by different establishments.
  5. 5. About Us Our business >Selling and buying discounted gift cards Background >With the idea that consumers want options for their unwanted gift cards. >Popularity of gift cards(Consumer Reports, Dec 2007) 1. Rank as the second-most given gift by consumers in the United States. 2. The most-wanted gift by females, and the third-most wanted by males. 3. Gift cards have become increasingly popular as they relieve the donor of selecting a specific gift.
  6. 6. Scheme How It Works Customer A Us Customer B Gift Card Gift Card Gift Card $100 $100 $100 Receive $70 Pay $70 Pay $90 Receive $90 - Customer A: Get $70 cash now - Us: Earn $20 - Customer B: Buy $100 gift card for $90
  7. 7. Target Market Both corporate(sell) and individual(buy/sell) customers Age: 20s to 30s(Individual) Both males and females(Individual) Area: Nationwide
  8. 8. Location Office: Bay area Marketing: Web-based(Individual) Door-to-door sales(Corporate) Partnership
  9. 9. Start-up Fund Estimate Monthly Cost  Marketing cost: $1,000  Purchase cost:$40,000~$80,000  Office cost(Rent, Furniture, Utilities):$3,000  Labor cost:USD3,000
  10. 10. Finding Help in Starting Business Accountants Lawyers Marketing researchers Loan Officers Insurance agents SBA (Small Business Administration) SBDC (Small Business Development Centers) SBIC (Small Business Investment Company)
  11. 11. Legal and Accounting Help- Incubators  Centers that offer new businesses low-cost offices with basic business services such as accounting, legal advice, and secretarial help.- Small Business Administration  A U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans.- There are several prepaid legal plans that offer services (such as drafting legal documents) for an annual rate of $150 to $350.
  12. 12. The Type of Our Business A General Partnership  a partnership in which all owners share in operating the business and in assuming liability for the business’s debts. The Advantages of Partnerships  More financial resources  Shared management skills and knowledge  Longer survival  No special taxes
  13. 13. How to Form a Partnership The name of the business The names and addresses of all partners The purpose and nature of the business The location of the principal offices The date the partnership will start The contributions made by each partner The management responsibilities
  14. 14. How to Form a Partnership The duties of each partner The salaries and drawing accounts of each partner Provision for sharing of profits or losses Provision for accounting procedures The requirements for taking in new partners Any special restrictions, rights, or duties of any partner Provision for a retiring partner
  15. 15. Responsibility to Our Customers To satisfy our customers by providing them goods and services of real value To provide fast service To be able to answer customer’s demands on time Building a trusty relationship by being transparent
  16. 16. Responsibility to Our Employees To treat fairly To provide incentives To treat employees with respect To give employees salaries and benefits that help them reach their personal goals To listen employees and pay attention their problems if they have any
  17. 17. Responsibility to Society and theEnvironment To create a new wealth To promote social justice To clean up the environment To build community toilets To provide computer lessons To support children from low-income families
  18. 18. Resource Consumer Reports(Dec 2007), Avoid gift card pitfalls. [Online article]. http://www.consumerreports. org
  19. 19. THANK YOU

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