TECH 101 Introduction to Engineering Entrepreneurship Milestone 4 Presentation - AJJAH Builders, Inc

Summary

Aja Builders introduces PV Milestone 4, a venture addressing the cleaning struggles of modern households with a high-tech, automated floor cleaning machine. The team, motivated by a desire for hassle-free living, presents a solution that's budget-friendly and multifunctional. Market research confirms a significant demand, with a target audience of over 64 million individuals and professional cleaners. The financial plan projects a promising growth, with a net profit of 629,600 pesos after the first year, and a strategic focus on social media for customer acquisition. The company's mission is to exceed customer expectations through innovation and consistent quality in cleaning solutions.

Takeaways

• 😀 Aja Builders is a venture focused on creating high-tech cleaning solutions for a stress-free lifestyle.
• 💡 Their Milestone 4 presentation showcases the team's identity and their mission to solve house cleaning struggles with a multi-functional machine.
• 🏠 The problem identified is the difficulty people face in cleaning their homes, which Aja Builders aims to address with their product.
• 📊 Market research indicates a significant number of individuals agree with the identified problem and are seeking a solution.
• 📈 Market sizing reveals a total available market of 17.6 billion, with a serviceable obtainable market of 493 million.
• 🤖 The product offered is a self-designed, automated, hassle-free, and affordable floor cleaning machine with multifunctional capabilities.
• 📊 A competition analysis and lean canvas are presented to differentiate Aja Builders from competitors and outline their business model.
• 🛠️ The minimum viable product (MVP) is a 3D model of the cleaning machine, detailing its specifications and usage steps.
• 🔍 MVP validation involved a target audience of 30 customers to test the product, with a conclusion to persevere in development.
• 💼 The financial plan includes costs for equipment, marketing, and projections showing increasing earnings over two years.
• 📈 Forecast profit and loss statements project a positive net profit after the initial two months, with a consistent gross profit margin.
• 📊 Balance sheet forecasts detail assets, liabilities, and Founders Equity, indicating the company's financial health and growth.
• 📈 Unit economics show a positive revenue stream with a gross margin of 33% and a calculated customer acquisition cost.
• 📈 A sales plan outlines the customer sales funnel and acquisition strategy, targeting both individual home cleaners and professionals.
• 🌐 The company's vision is to be a top industrial company, offering innovative cleaning solutions with a commitment to quality and customer service.
• 💬 The team at Aja Builders is composed of a diverse group of officers, each contributing to the company's success through innovation and hard work.
• 💸 The funding plan outlines the required capital for the next level of the venture, including bootstrapping and external funding options.

Q & A

What is the main goal of Aja Builders' venture?

The main goal of Aja Builders' venture is to offer a unique solution to people who struggle with house cleaning by providing a multi-functional automated floor cleaning machine.

What problem does Aja Builders' product aim to solve?

Aja Builders' product aims to solve the problem of people having a hard time cleaning their houses due to the hassle and stress involved in the process.

How did Aja Builders validate the problem they are addressing?

Aja Builders validated the problem by surveying and interviewing 53 individuals, with 42 out of 53 agreeing that this is a problem and wanting a solution.

What is the total available market size for Aja Builders' product?

The total available market size for Aja Builders' product is around 17.6 billion.

What are the key features of Aja Builders' floor cleaning machine?

The key features of Aja Builders' floor cleaning machine include automation, budget-friendliness, multifunctionality, rechargeability, smart cleaning, and ease of use.

How does Aja Builders' MVP (Minimum Viable Product) work?

The MVP of Aja Builders is a 3D model of their product, which includes specifications and usage steps. It is an automated floor cleaning machine that can perform tasks like sweeping, vacuuming, mopping, scrubbing, and polishing.

What is the financial plan of Aja Builders?

The financial plan of Aja Builders includes investing in equipment for manufacturing, marketing and promotion, and ensuring that startup costs are reasonable. They project earnings to increase about two times every two years.

What is the projected net profit or loss for Aja Builders in their first year of selling the product?

In the first year of selling the product, Aja Builders projects a total net profit or loss of 629,600 pesos, with a net profit margin of 11 percent.

How does Aja Builders plan to acquire new customers?

Aja Builders plans to acquire new customers by targeting the general public who clean their own houses and professional cleaning services, using social media and physical stores.

What are the core values of Aja Builders as a company?

The core values of Aja Builders include innovation, consistency, loyalty, excellence, accessibility, and sustainability.

What is the funding plan for Aja Builders to reach the next level of their venture?

The funding plan for Aja Builders includes bootstrapping with personal investments from shareholders (ranging from 30,000 to 50,000 pesos each) and seeking external funding of about 100,000 pesos.