Simplistic Labyrinth Design Studio will leverage their competitive advantages of imagination and expertise to gain market share. The license fees will be the cost charged to the company to use the product for production.
These trade shows are quite extensive, they have retailers, manufacturers, designers, wholesalers as well as the media. These groups will be targeted primarily through activities within the outdoor industry like trade shows and advertisements in industry journals.
The Web page allows companies that are geographically far away to be able to see past designs and learn more about Simplistic Labyrinth. Simplistic Labyrinth creates designs as per specifications given to them by a manufacturer as well as has designs that were created independently of a request.
A heat press for applying 2-ply hot tape, 3-ply hot tape, polyurethane hot tape, and nitrile hot tape. The majority of the business will be with the first group.
Some of the items designed and produced by Simplistic Labyrinth will be patented, but only if 1 the design is novel enough to receive intellectual property protection, and 2 if the design is unique enough so that the patent is not easily avoided by changing a relatively insignificant part of the design.
Additionally, Simplistic will also specifically target entrepreneurs who are interested in taking a design to market by finding someone to manufacture it for them. To develop a sustainable home-based design studio that licenses designs to the top manufacturers in their respective fields.
Manufacturers will also farm out the design and prototyping work as a cost saving measure against large overhead charges. Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.
These advertisements will be used to reach the market segments of entrepreneurs who are not necessarily in the outdoor industry but have an idea and would like it prototyped, or have money to buy a design created by Simplistic Labyrinth and will then take care of the manufacturing and marketing.
Advertisements in industry journals. In addition to designs that are requested by manufacturers, Simplistic Labyrinth has several products that they have already designed and will try to find the right company to market and manufacture the product. Simplistic will also target entrepreneurs who either have a general idea of some product that they think would sell well and they will have Simplistic design it.
Market Analysis Summary Simplistic Labyrinth Design Studio has two targeted customers, manufacturers who are interested in Simplistic developing a prototype from their specifications or for Simplistic to develop the design.
When we adhere to this maxim, everything else will fall into place. Some of the products are designed and then a licensee is searched for to purchase the design. There are many companies that are considered manufacturers yet they do not even make any of their products, they farm that work out to subcontractors.
Some of the market does consist of entrepreneurs who will license a design and then shop it around to different manufacturers, often overseas to have the product mass produced. The prototyping fees are the fees charged for the production of a prototype, or working model if you will.
The utilization of Simplistic Labyrinth by at least four multi-million dollar companies. Once the protype is made, the customer can then license the product and sell it as their own.
Our services will exceed the expectations of our customers.
It is not unusual for a manufacturer to look outside of their company to have a prototype made. These shows typically occur two times a year in different locations. Other times a manufacturer will come to Simplistic and ask them to develop a product for them.
This differs from a royalty because a license fee will be a one time fee for a set number of items in production. Company Summary Simplistic Labyrinth Design Studio is a company that designs products, primarily outdoor gear, that is then licensed.
In this case, only industry personnel have access to subscriptions so the audience is very targeted. A royalty is typically a per item fee.
A Web page will be used to advertise the company. Previous designs, as well as service offerings, will be listed on the page. Sometimes they will be responsible for the distribution and marketing of the product, sometimes they will sell the license to their customer.
Profits will be variable over time, a function of the revenue cycle for this type of business. Simplistic Labyrinth derives their revenue from license fees and prototyping fees. Advertisements in entrepreneur magazines.Fescue & Sons Yard Care lawn and garden services business plan executive summary.
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