Entrepreneur Roulette

By: Traevia Morris, Shivani Gousain, and McKenzie Dorsey

MST Corporations Product: A highlighter that has disappearing ink so after six months of application the ink disappears.

Factors of Production:

● We will make our product in Washington D.C. but it will be sold worldwide● 120 employees are needed to produce and sell our product● Monetary capital because we need money for the equipments and other

resources to make a highlighter. ● Human Capital because we need skilled people who know how to make the ink

to work to make the highlighters.

Business Structure-PartnershipCharacteristics:

● No existence of an separate agreement● Restriction on transfer of shares● Sharing of profits● Unlimited liability

Legal Requirements: Easy start-up, just need legal agreement- Articles of Rules and Regulations

Business Structure-PartnershipAdvantageous:

● Few restrictions● Share decision-making power● Opportunities for specialization● File individual taxes● Larger growth potential

Disadvantageous:

● Unlimited liability for GP● Conflict between partners● Continuity issues

Business Structure-PartnershipPotential Liabilities:

● Responsible for all debt● Conflict between partners ● Continuity issues such as you partner dieing● Life expectancy of business

Minimize Impact of Liabilities:

● Track our money use● Set up a premade contract so that responsibilities and decision making are split● Sign a will for the company so if any deaths occur unexpectedly the company

has a place to go ● Have a successor for the company

Pitch--MST CorporationsDescription: MST Corporations is a office supplies company the specializes in inventing and producing innovative office supplies. Our first product was the disappearing highlighter and other innovative products are soon to come. We have our own lab of scientist that create the formulas needed to make our one of a kind supplies. We are based out of Washington D.C. but we sell products in the worldwide market.

Mission Statement: “MST Corporations exist to bring new and innovative office supplies to the people of the 21 century.. From the beginning this business was envisioned to become a business that would push the boundaries of the everyday office supplies and make them just as advanced as the technology today.

Pitch--MST CorporationsBusiness Plan: The top two goals for our business is to become a global name in the world of office supplies and to make more futurist products like the disappearing highlighter. These goals will be met by doing online and commercial advertisement so that more consumers can view our products. These goals will also be met by pitching our corporation to buyers like you all.

Target Market: We do not have a target market since kids of school age can use our products and so can adults in their work offices.

Pitch--MST CorporationsGrowth Plans: We would like our business to grow moderately over time so we can get use to the logistics of a business. However, with the huge response to our disappearing highlighter we see the growth being more sharp than moderate.

=sharp growth= moderate growth

Pitch--MST CorporationsTarget Investors: Our target investor is a venture capitalist, because we are a small business with a high selling product. Although, we still need money to help bring our business to even higher heights. If you think about it investing into our business means almost guaranteed profit into your pocket considering our previous success. Consumers have been waiting for the creation of our next product and we are almost certain that once we produce it our sales will be higher than the disappearing highlighter. We are seeking 12 thousand dollars and will use the money to purchase a bigger warehouse to store our products, to hire more employees, to buy more material for our products, and to build better science facilities.

Fund RaisingExplanation of Our Sales: During the 2015-2016 year span our product; which was created that year, picked up major sales. Averagely we doubled our sales every three months and our sales have only tripled from there. In total the success of the disappearing highlighter is apparent and after careful research me find that this product outsells any other highlighter on the market

Bibliography● "When Was the Last Time You Said This?" BusinessDictionary.com. N.p., n.d. Web. 12 Dec. 2016.

<http://www.businessdictionary.com/definition/mission-statement.html>.

● Root. "Business Plan." Investopedia. N.p., 10 June 2016. Web. 12 Dec. 2016. <http://www.investopedia.com/terms/b/business-plan.asp?lgl=no-infinite>.

● "What Are the Characteristics of Partnership?" PublishYourArticles.net - Publish Your Articles Now. N.p., 05 July 2015. Web. 12 Dec. 2016. <http://www.publishyourarticles.net/knowledge-hub/business-studies/what-are-the-characteristics-of-partnership/737/>.

● Software, Palo Alto. "Pitching a Business Archives - Bplans Blog." Bplans Blog. N.p., n.d. Web. 13 Dec. 2016. <http://articles.bplans.com/category/pitching-a-business/>.