STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe Daniel Mikhail Alec Taren Chiao-Wen Huang.

STEM HOUSE: BUSINESS TEAM By: Lucas Wolfe

Daniel Mikhail

Alec Taren

Chiao-Wen Huang

TABLE OF CONTENTS

Company Business Type Product Markets/Advertising Funding

HTMW LLC.

Stem House Products Innovative Educational Technology Located in Wyoming

NEED/PROBLEM

Schools are looking for a product that could alleviate the poor educational situation that currently affects STEM education.

OPPORTUNITY

Create a system that seeks to ameliorate the inefficiency in American STEM education

No products on the market that address this issue

An opportunity to make money

BUSINESS TYPE

Sole Proprietorship Corporation Limited Liability Company (LLC)

  Sole Proprietorship 

Corporation 

Limited Liability Company  

Selection criteria

Weight(%)

rating Weighted score

rating Weighted score

Rating Weighted score

Ability to obtain Capital

23 1 0.23 4 0.92 2 0.46

Ability to manage effectively

30 5 1.5 1 0.3 4 1.2

Flexibility 15 4 0.6 2 0.3 4 0.6

Risk 7 1 0.07 4 0.28 4 0.28

Tax 25 5 1.25 2 0.5 5 1.25

Total score 3.65 2.3 3.79

Rank 2 3 1

LEGAL STANDING

Copyright Patent Trademark

PRODUCT

STEM program Aid teachers in educating students Inspire students’ interest

PRODUCT LIFECYCLE

POTENTIAL MARKETS

Primary Markets School Districts

Secondary Markets Doctors Office Dentists Office Households

UNIQUE SELLING POINTS

Portable Easy Maintenance Cost-Effective Upgradeable

MARKETING STRATEGY

Individual Units and Bulk Packages Facebook/Website Direct Mail

FUNDING REQUEST

Loans: General Small business Loan = $700,000

Interest Rate: 3% Initial fee and annual fee

Other Possible fundraising techniques as LLC Crowd funding Grants

REFERENCES

http://wiki.answers.com/Q/How_many_school_districts_in_us

https://www.google.com/#q=product+life+cycle

http://www.ehow.com/list_5994996_llc-pros-cons.html

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