Business Plan
Gulcin + Serkan + Hardi + Ahmed + Sunil
Business Idea
to make better photos when we see ourselves in our best mood in front of our mirrors.
Taking Selfies are hard
...sure you can watch this video on which Kim shares her expert tips for taking better selfies (amongst 300(!) tryings).
We hate selfie sticks!
It looks pretty ridiculous to us and we want to erase (terminate!) that culture with our cute and lovely solution.
Our Mission
to help modern families and agile businesses to capture
their best moments with our smart mirror by eliminating traditional selfie pain.
&
Industry Analysis
The industry is very fresh, and substitutes and competition are not common.
But usually as seen with new social technologies and startup, substitutes are likely to come up fast once/if this industry area becomes popular and profitable.
Competition Matrix
Our biggest competitor is Selfie Mirror.
Low Quality
High Quality
High Price
Low Price
S.E.L.F.I.E
mirror.me
MM Booth
Selfie Mirror
Positioning
We aim to offer a leaner, more focused product that can be attached to any mirror.
We can provide higher quality with lower price, therefore claiming a good place in positioning.
Our Hardware Solution
Our Software Solution
Management
| Name | Position |
|---|---|
| Gulcin | CEO & HR Manager |
| Sunil | CFO |
| Ahmed | PR & Marketing Director |
| Serkan | CTO |
| Hardi | Hardware Development Director |
Likelihood
Consequences
1
2
3
4
5
1
2
3
4
5
A
B,C,G
D
E,H
F
I
J
K
L
Risk Cube
Conflict of interest with investors
Security and privacy issues
Breakeven Analysis
3103 units for both personal and business sales
Conclusion
After our business plan analysis we saw that we can successfully implement our idea!
Profitable business opportunity is out there and market is ready!
Thank you!
