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EasyRider Business Proposal
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- 3. Map where Riders cansee drivers in real time
- 4. Users enter their normaldriving or traveling route
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- 9. Cheap Rates Exclusive for University Students Convenient SafeAround the Clock
- 10. Is there aneed?
- 11. How far wouldyou need to go?
- 12. How often wouldyou use this service?
- 13. What is themost you would pay for a ride?
- 14. How to makemoney ● Membership fee - $19.99 / year ● Mileage fee - $1.00 / mile
- 15. Target Market Estimated UTDStudent Population: 23,000 Estimated International Student Population : 5700 Estimated number of Bus Pass holders: 12,000 * We are looking at implementing this app to the whole UT system
- 16. Financing Sought ● Website/mobileapp development = $200,000 ● Website/app moderator = $48,000 ● Marketing costs = $24,000 ● Administrative costs = bootstrapping $0 ● Total sought = $272,000 Investor will receive 25% equity
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- 18. Venture Team ● AppDeveloper ● Marketing ● Administration ● Legal
- 20. Formula for anEasyRide.. YEAR 1 → 10 miles * $0.60 * 1 * 32 weeks * 1,200 students + $24,000 = $254,400 YEAR 2 → 10 miles * $0.60 * 1 * 32 weeks * 2,200 students + $44,000 = $466,400 YEAR 3 → 10 miles * $0.60 * 1 * 32 weeks * 4,200 students + $84,000 = $890,000 Mileage * Price * Frequency * 32 weeks * 10% of BP + Membership Fee = REVENUE
- 21. Connecting students tosave time, money, and the environment.