Innovative Mathematics Education Business Concept in Burgas
"Explore a groundbreaking initiative in Burgas focusing on innovative mathematics education, aiming to enhance students' knowledge through creative teaching methods. Short-term goals include free weekly events while long-term goals involve expanding nationwide with seminars and math-related courses."
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Presentation Transcript
Innovative Mathematics education Business idea
The project The aim of this project is the establishment of a company, which seeks to organize lectures and make use of the most innovative and creative methods of teaching mathematics. We would like to broaden students knowledge and provide them with education of high quality. We plan on engaging young talents in our activities by organizing multiple events in the city of Burgas with connection to the annual mathematical competitions.
Mission Short-term goals: Organization of free weekly events for self-promotion and ensuring sustainability. Long-term goals: Organization of weekly events in the country, seminars and meetings of mathematicians, preparation courses and increasing profits.
The office is located on 8001, 19, Stefan Stambolov Blvd, Burgas. Needed materials: markers, white boards, chairs, access to a conference hall, mathematical handbooks.
Opportunities Threats Economic factors The chance to improve the knowledge of our students. There are hardly any threats. Political factors Make our student s success rate better. The government might not consider our institution as helpful. During the winter it will be harder to visit our lessons because of the weather. Demographic factors Most people live in the bigger cities, therefore- more people are to visit our lessons.
Lesson costs Lesson costs include: Advertising; Salaries for the teachers; Furnishing our venue; Awards for the contests; Maintenance of our app.
Table: Start-up Requirements Start-up Expenses Advertising in local newspapers Brochures Advertising in local TV channels Insurance Furnishing Legalization Other Total Expenses (not including the advertising) Total Expenses Start-up Assets Cash Short-term Assets & Long-term Assets Total Requirements (not including the advertising) 200 per month 150 300 per month 250 3500 400 200 4500 4500 + 500 each month 7000 9490 13990
Item Number Price per one Value Desks Chairs Computers Multimedia Notebooks Pen Textbooks Reference books Total 50 55 5 4 100 150 100 100 50 20 500 260 2 1 15 5 2500 1100 2500 1040 200 150 1500 500 9490
Wage costs Position Payment per month Teacher 400 Website maintainer 400 App maintainer 400 Advertisers 350
Services We organize lectures with the best mathematicians from the country. You can also subscribe to our website in order to have access to thousands of mathematical problems. If you are not able to attend our lectures you can watch them live from your computer or mobile device. Furthermore we organize math contests every month and the winners receive awards. In the summer those with the best results qualify for our final contest. You can also download our app.
Services costs Type of service One person Under 20 people 20-40 people 40+ people One hour lecture _ 40 50 60 Two hour lecture _ 70 85 100 Three hour lecture _ 95 110 130 One month subscription 6 _ _ _ Six months subscription 25 _ _ _ Watching a lecture from computer or mobile device 2 per hour _ _ _ Participate in a monthly contest 6 _ _ _
Advertising Brochures Posters on school walls Adverts in local TV channels Adverts in local newspapers Creating an official website Creating a Facebook page
Growth of popularity 100% 90% 80% 70% 60% 50% 40% in Burgas 30% 20% in Bulgaria 10% 0% 6 months 12 months 18 months 24 months On the chart above, you can see our company s expectations of how popular it will be in Burgas and in Bulgaria for period of 2 years.
Finding of personnel Requirements will be posted in company s website. Job adverts will be published in the local newspapers. Advertising posters offering job will be placed near schools and universities. The company will offer work experience for students who want to work in this business area.
Income plan Our expectations are to have a profit of 115% of our original budget in the first year and 190% of our original budget in the second. Original budget Profit 2nd year Profit 1st year
Conclusion In conclusion key factors for success are: To offer quality education which will be noticed; A great atmosphere during the lectures; Smart controlling of the finances and the flow of money; Strict control over all expenses with no exclusions.We think that for the full satisfaction of the clients we should offer a mobile app and website, to help them enjoy our courses from elsewhere in the world. This is a priority for us because it will help for the advertising and popularization of our company.
For Discover the Unknown in Mathematics, Erasmus+ project High School of Mathematics and Science Burgas, Bulgaria
