global student entrepreneur awards

10
global global student student entrepreneu entrepreneu r r awards awards

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This slideshow is the presentation used to finish as a "Regional Finalist" in the 2008 Global Student Entrepreneur Awards, in Houston, Texas.

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Page 1: Global Student Entrepreneur Awards

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Page 2: Global Student Entrepreneur Awards

the dream

• connect composers, artists, and musicians

• support development of local and regional Christian music

• reach an international audience

Page 3: Global Student Entrepreneur Awards

humble beginnings

•originally a sheet music publishing company

•capital: $216 (owner invested)

•1st year operating expenses total less than $1,000

Page 4: Global Student Entrepreneur Awards

redefining a business model

•larger local market in Christian music CDs

•e-commerce site capable of selling virtually anything

•same desire to help promote and discover new music

...or, “so we can sell anything?”

Page 5: Global Student Entrepreneur Awards

expansion and growth

• aligning with an Austin recording studio

• teaming up with local non-profits and charities

• focus on providing artists with a “menu” of services

Page 6: Global Student Entrepreneur Awards

crunching the numbers

•first year sales: $124

•second year sales: $587

•2008 ROI of 1,900%

•150% growth until 2010

•50-75% thereafter

Projected Sales

Page 7: Global Student Entrepreneur Awards

spreading the word

•word-of-mouth & referral marketing only

•less than $150 spent to-date on marketing (mostly indirect)

•2009: PR attention, mail-outs, eBay store, social networking

Page 8: Global Student Entrepreneur Awards

in the community

•Christ Unites

• AboveGrounds Austin

• Praise in the Park

Page 9: Global Student Entrepreneur Awards

growing pains•growth while focusing on graduation

•scaleable but at a cost

•plans for office space by early 2010

•eventual split of HCM: web design/printing & music publishing are main sides

Page 10: Global Student Entrepreneur Awards

what the future may hold...

•RIAA responding to drastic changes in music industry

•HCM to help redefine industry

•focused on growth in multiple markets (music, small business, etc.)