Team:UTPreneur/CostStructure

From 2012e.igem.org

(Difference between revisions)

Latest revision as of 06:13, 28 October 2012

Home

The Team

Executive Summary

Project Description

Business Model

Video

Slide Deck

Notebook

Sponsors

Cost Structure

One of the most important aspects when formulating our business model is the cost of maintaining the business, the project's viability, as it finally leads to generate wealth. Definitely the costs inherent in our model are based on our operating costs, such as initial investment, the salaries of the employees, the communication services and the marketing of the business. It is important to mention that our model provides a relatively cheap proposal because as intermediaries, the customer is the one that will pay for almost everything.

The most expensive key resources are the suministration of the products to the manufacturers as they may have problems in their production, and not being able to get what the client is requesting would mean losses for our business, which eventually ends up costing us dearly. Basically the most expense in our model is the acquisition of the products, but ultimately this will be paid by the customer. Another example is the human resource that owns the company, consider how many people are needed to meet customer demand.

Among the activities that have the highest expense is the contact to suppliers and customers grabbing; other expense should be the marketing that the company would present. In addition we also must include seminaries to educate people of the importance of biotechnology in their lives and how it could be better than any other process they are using.

Our model focuses on providing optimum service and asserts all the money that our clients invest on us. We are focused on taking our business to a regional success and then insert ourselves in the global arena in the future, as explained above, based on starting the business on a country with an excelent geographical position, for example.

@@ Line 19: / Line 19: @@
 <br>
 <div align="justify">
-One of the most important aspects when formulating our business model is the cost of maintaining the business, the project's viability, as it finally leads to generate wealth. Definitely the costs inherent in our model are based on our operating costs, such as investment we would do in our local base of operations and will be accrued wages employees, in addition we are out of production sites, an invoice very important is about the communication services. It is worth to mention that our model provides a relatively cheap proposal because, as intermediaries, to contact us we can be wherever we want and they can be contacted immediately reducing many operation costs.
+One of the most important aspects when formulating our business model is the cost of maintaining the business, the project's viability, as it finally leads to generate wealth. Definitely the costs inherent in our model are based on our operating costs, such as initial investment, the salaries of the employees, the communication services and the marketing of the business. It is important to mention that our model provides a relatively cheap proposal because as intermediaries, the customer is the one that will pay for almost everything.
-The most expensive key resources are the suministration of the products to the manufacturers as they may have problems in their production, and not being able to get what the client is requesting would mean losses for our business, which eventually ends up costing us dearly. Basically the most expensive in our model is the acquisition of the products, but ultimately this will be paid by the customer. Another example is the human resource that owns the company, consider how many people are needed to meet customer demand.
+The most expensive key resources are the suministration of the products to the manufacturers as they may have problems in their production, and not being able to get what the client is requesting would mean losses for our business, which eventually ends up costing us dearly. Basically the most expense in our model is the acquisition of the products, but ultimately this will be paid by the customer. Another example is the human resource that owns the company, consider how many people are needed to meet customer demand.
-Among the activities that have the most expensive is the contact to suppliers and customers grabbing other expense should be the marketing that the company would present. In addition we also must  include seminaries to educate people of the importance of biotechnology in their lives and how it could be better than any other process they are using.
+Among the activities that have the highest expense is the contact to suppliers and customers grabbing; other expense should be the marketing that the company would present. In addition we also must  include seminaries to educate people of the importance of biotechnology in their lives and how it could be better than any other process they are using.
-Our model focuses on providing optimum service and asserts all the money that our clients invest in us. We are focused to take our business to a regional success and then insert ourselves in the global arena in the future, as explained above, based on our excellent geographical position.
+Our model focuses on providing optimum service and asserts all the money that our clients invest on us. We are focused on taking our business to a regional success and then insert ourselves in the global arena in the future, as explained above, based on starting the business on a country with an excelent geographical position, for example.