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Peer2Peer Presentation Deck_FINAL
- 1. TALENTBRIDGE Rachel Briskman |Phillip Jung | Michael Kelly | Rosie Levine| Emily Teitelbaum
- 2. THE SOLO-PRENEUR 22 millionU.S. businesses classified as “nonemployer businesses” with combined receipts of $950 Billion. http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2012/09/22-million-us-businesses.html?ana=twt&appSession=822100780971165
- 3. THE FREELANCERS MARKET 34% ofthe US Workforce is doing freelance work 73% enjoy working from any location 75% appreciate the flexibility 70% want to work on projects they are passionate about 14% have a graduate degree (compared to 12% of non- freelancers) Key Takeaway: The freelance market is growing rapidly. TalentBridge is filling a unique gap by capturing top professional talent and offering businesses access to this talent on a flexible basis.
- 4. VISION & MISSION OURMISSION IS TO CREATE A PLATFORM THAT SEAMLESSLY CONNECTS SOLO-PRENEURS WITH TALENTED PROFESSIONALS WHO REQUIRE CAREER FLEXIBILITY. SOLO-PRENEUR WITHOUT RESOURCES TO HIRE FULL-TIME TALENT CERTIFIED PROFESSIONALS LOOKING FOR A FLEXIBLE & TEMPORARY WORK ENVIRONMENT
- 5. TARGET SOLO- PRENEUR Ideal forstart-up or small companies looking for accounting or legal work on an as-needed basis - Start-ups - Micro-VC - SMBs TARGET PROFESSIONAL Ideal for certified professionals looking for high-level work with flexibility and the high pay they deserve - Parents - Relocating for a spouse - Caring for sick family members TARGET MARKET
- 6. COMPETITIVE LANDSCAPE Any FreelancerCertified Pros Home Services Specialized Professional Services TALENTBRIDGE
- 7. Competitive Advantages Vetted high-quality, certifiedprofessionals Payment-guarantee Professional liability insurance Reliable, crowd-sourced reviews of professionals
- 8. BUSINESS MODEL TalentBridge collectsa 8% fee for each transaction conducted through the platform, along with a $200 annual membership fee charged to professionals. Solo-preneur operates on a 1099 basis and earn points for each project completed. This fuels retention as points can go towards earning perks like health insurance, 401k, gym memberships, etc.
- 9. PROFESSIONAL’S PROFILE INFORMATION Payment Retainer HourlyRate T h e f i v e k e y f i l t e r s Certifications & Work Experience Max Travel Distance Hours Available
- 10. OPERATIONS & IMPLEMENTATIONSTRATEGY: SIGN UP PROCESS: SOLO-PRENEUR 1 32 4 5 6 Apply to be a registered solo-preneur Submit job proposal and candidate criteria Review and Select applicants Get Bridged with professional & pay deposit Rate professional & and pay balance Receive Completed work Create a profile to be a professional and verify credentials Search for jobs Apply for a fitting project Get Bridged with a solo-preneur Rate solo-preneur & get paid Submit completed work
- 11. 1 32 45 6 Create a profile to be a professional and verify credentials Search for jobs Apply for a fitting project Get Bridged with a solo-preneur Rate solo-preneur & get paid Submit completed work OPERATIONS & IMPLEMENTATION STRATEGY: SIGN UP PROCESS: PROFESSIONAL
- 12. UI/UX optimized onall screens to ensure maximum accessibility on web platform and mobile app
- 13. SOCIAL MEDIA Build andutilize social media (ie. Twitter, Facebook) to reach independent attorneys and CPAs “BEST PRACTICES” Offer “Best Practices” e-sessions for firms and freelancers to learn more about services and how to properly use site TRADE PUBLICATIONS Advertise services and potential projects in trade publications and websites, LinkedIn, Craigslist, Indeed, etc. INCENTIVIZE Provide incentives (ie. waive registration fee) for initial freelancers to register with the site to ensure supply TRADE SHOWS Exhibit at professional groups’ trade shows REFERRAL PROGRAM Referral program for employers MARKETING & DISTRIBUTION STRATEGY
- 14. COST OF HEALTHCAREUNPREDICTABLE INCOME SAVINGS FOR RETIREMENT HIGH TAX RATES DIFFICULTLY FINDING NEW CLIENTS/PROJECT NON/LATE PAYMENTS KEY CONCERNS TO ADDRESS
- 15. Year 1 Year2 Year 3 Year 4 Year 5 Companies 750 2,500 4,600 10,000 18,000 Professionals 3,000 10,000 18,400 40,000 72,000 Transaction Fees $120,000 $400,000 $736,000 $1,600,000 $ 2,880,000 Membership Fees $600,000 $2,000,000 $3,680,000 $8,000,000 $14,400,000 Total Revenue $720,000 $2,400,000 $4,416,000 $9,600,000 $17,280,000 COGS $216,000 $720,000 $1,324,800 $2,880,000 $ 5,184,000 Gross Profit $504,000 $1,680,000 $3,091,200 $6,720,000 $12,096,000 SG&A $702,000 $1,840,000 $2,465,600 $5,360,000 $ 9,648,000 EBIT $(198,000) $(160,000) $625,600 $1,360,000 $ 2,448,000 FINANCIAL MODEL & PROJECTIONS
- 16. $720,000 $2,400,000 $4,416,000 $9,600,000 $17,280,000 CPA +JD +international expansion FINANCIAL PROJECTIONS Year 1Year 2 Year 3 Year 4 Year 5 Revenue
- 17. QUESTIONS? Rachel Briskman |Phillip Jung | Michael Kelly | Rosie Levine| Emily Teitelbaum
Editor's Notes
- #3 Many choose freelancing in order to spend more time with loved ones Many believe they are getting paid more
- #4 Many choose freelancing in order to spend more time with loved ones Many believe they are getting paid more
- #5 In today’s gig economy, top talent demands more flexibility. As a result, the traditional forty hour work week is no longer feasible and talent is constantly underutilized. Therefore, companies with short-term needs should be able to connect with qualified professionals available for part time work.
- #8 Platform specifically tailored for specialized, professional services Vetted high-quality professionals (background checks, verified professional certifications, reference checks, at least 3 years of work experience) Professionals have capacity for short-term, but also long-term projects (average ~15 hrs/week) Insurance provided to freelance professionals: often called malpractice insurance, errors and omissions insurance, or professional liability insurance Protects from bearing full cost of defending against a negligent claim made by client Professionals set their own rates (within a specified range) Instant, reliable, crowd-sourced reviews of professionals Provide stay-at home moms/dads/freelancers the opportunity to make a living wage Phil to speak
- #9 TalentBridge collects a 8% fee for each transaction conducted through the platform, along with an annual membership fee charged to professionals. Employees operate on a 1099 basis and earn points for each project completed. This fuels retention as points can go towards earning perks like health insurance, 401k, gym memberships, etc.
- #10 The platform will have 5 key filters: Hold retainer to make sure everyone gets paid and on time Hourly Rate (within a range – average $100/hr (?) for CPA, $125/hr (?) for attorneys) Skill set (Tax Law, GAAP Compliance) Maximum Travel Distance (GPS enabled to match availability) Weekly Hours Available: Hours Available Off Site (Remotely) Hours Available On Site (At Client Site)
- #15 Cost of healthcare (76% find this very/somewhat concerning) Unpredictable income (76%) Saving for Retirements (74%) High tax rates (73%) Difficulty finding new clients/projects (68%) Non/late-payment by client (65)