Allegany College of Maryland: A Business

OpportunityLuke Georges, Nicole Trevisani, Jared Gangloff, Kelli Herr

Table of Contents

• Recognize the opportunity/define the problem space

• Specifications

• Brainstorm Ideas

• Evaluate Ideas

• Analysis

• Components of the business plan

• Appendix

There is an opportunity to create an economically sustainable business on the campus of ACM.

Available Land

The local people wanted an affordable educational experience.

A non-profit corporation is most applicable to our overall mission.

LLP C NP LLC2.82.9

33.13.23.33.43.5

Total Evaluation Score

LLP: Limited Liabil-ity Partnership

C: Corporation

NP: Non-Profit Corporation

LLC: Limited Liability Corporation

Sco

re

For this opportunity a successful business is one that satisfies all specifications.

Series10

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4 Importance of Specs

Economic Sustainability Personal Control Ease of Startup Financial Benefits Legal Liabilities

Pair

wis

e

Sco

re

A course which allows students to create future exhibits will be offered at ACM

Customers need affordable options.

• When a customer visits two tech exhibits, they can visit a third free of charge.

• Customer visits must be on either different days or different locations.

Financial Projections

• At a price of $10 per ticket, we need an average of 175 people per day to pay off our annual operational cost

• Customers expected per day: 200

• $250 profit per day

SAIN will break even after 1.53 years.

After breaking even, profits will go towards economic and social sustainability.

Profit Distribution

Scholarship Fund

College Course2/3

1/3

As a nonprofit corporation we aim to generate economic growth in the ACM region.

Appendix: Concept Screening

Appendix: Pairwise Comparison

Appendix: Concept Scoring

Appendix: Gantt Chart

Appendix: Different Types of Businesses

• http://bls.dor.wa.gov/ownershipstructures.aspx