peer2peer presentation deck_final
TRANSCRIPT
THE SOLO-PRENEUR
22 million U.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
THE FREELANCERS MARKET
34%of the 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.
VISION & MISSION
OUR MISSION IS TO CREATE A PLATFORM THAT SEAMLESSLY CONNECTS SOLO-PRENEURS WITH
TALENTED PROFESSIONALS WHO REQUIRE CAREER FLEXIBILITY.
SOLO-PRENEUR WITHOUT RESOURCESTO HIRE FULL-TIME TALENT
CERTIFIED PROFESSIONALS LOOKING FOR A FLEXIBLE & TEMPORARY WORK ENVIRONMENT
TARGET SOLO-PRENEUR
Ideal for start-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
COMPETITIVE LANDSCAPE
Any Freelancer
Certified Pros
Home Services
Specialized Professional Services
TALENTBRIDGE
Competitive Advantages
Vetted high-quality, certified professionals
Payment-guarantee
Professional liability insurance
Reliable, crowd-sourced reviews of professionals
BUSINESS MODELTalentBridge collects a 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.
PROFESSIONAL’S PROFILE INFORMATION
Payment Retainer
Hourly Rate
The five key filters
Certifications & Work Experience
Max Travel Distance
Hours Available
OPERATIONS & IMPLEMENTATION STRATEGY:SIGN UP PROCESS: SOLO-PRENEUR
1 32 4 5 6
Applyto be a
registered solo-preneur
Submitjob proposal and candidate criteria
Review and Selectapplicants
Get Bridgedwith professional
& pay deposit
Rate professional &
and pay balance
ReceiveCompleted work
Createa profile to be a professional
and verify credentials
Searchfor jobs
Applyfor a fitting
project
Get Bridgedwith a
solo-preneur
Rate solo-preneur &
get paid
Submitcompleted work
1 32 4 5 6
Createa profile to be a professional
and verify credentials
Searchfor jobs
Applyfor a fitting
project
Get Bridgedwith a
solo-preneur
Rate solo-preneur &
get paid
Submitcompleted work
OPERATIONS & IMPLEMENTATION STRATEGY: SIGN UP PROCESS: PROFESSIONAL
SOCIAL MEDIABuild and utilize 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 PUBLICATIONSAdvertise services and potential projects in trade publications and websites, LinkedIn, Craigslist, Indeed, etc.
INCENTIVIZEProvide incentives (ie. waive registration fee) for initial freelancers to register with the site to ensure supply
TRADE SHOWSExhibit at professional groups’ trade shows
REFERRAL PROGRAMReferral program for employers
MARKETING & DISTRIBUTION STRATEGY
COST OF HEALTHCARE
UNPREDICTABLE INCOME
SAVINGS FOR RETIREMENT
HIGH TAX RATES DIFFICULTLY FINDING NEW
CLIENTS/PROJECT
NON/LATE PAYMENTS
KEY CONCERNS TO ADDRESS
Year 1 Year 2 Year 3 Year 4 Year 5Companies 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
$720,000 $2,400,000
$4,416,000
$9,600,000
$17,280,000
CPA+JD
+international expansion
FINANCIAL PROJECTIONS
Year 1 Year 2 Year 3 Year 4 Year 5
Reve
nue