U-PlanIt
Presenter Hometown
Richmond
Major
Accounting and Finance
Department
Accounting, Finance, and Information Systems
Degree
Undergraduate
Mentor
Laura R. Barthel
Mentor Department
Accounting, Finance, and Information Systems
Recommended Citation
Fulks, Wesley J.; Noe, Steven; and Rusingiza, Nathanael, "U-PlanIt" (2017). University Presentation Showcase Event. 73.
https://encompass.eku.edu/swps/2017/undergraduate/73
Abstract
U-PlanIt is a web/app based service company that specializes in event planning. U-PlanIt connects small businesses with local consumers to help them with their party planning needs. U-PlanIt will make event planning faster, easier, and cheaper for event planners. U-PlanIt will have a software that will help party planners plan their party step by step for a cheap price. Currently, U-PlanIt plans to charge the general population $9.99 per service while charging a yearly subscription of $25 for vendors. The vendors will get the full-feature subscription during U-PlanIt’s first year of operation for them to demonstrate what a full subscription is like. After that, the vendors will be charged for the following: $25 bronze (basic subscription), $50 silver, $75 gold, and $100 platinum (full subscription).
U-PlanIt will rely mainly on angel investors as it attempts to start with $80,000 in cash. U-PlanIt will need people working for management, finance, sales/marketing, operations, customer service, IT, and web development. According to its projected financial statements, U-PlanIt expects to make a profit by the end of U-PlanIt’s first year. U-PlanIt has a competitive advantage over other competing companies because it is the only web/app company that deals with a variety of special events.
Presentation format
Poster
Poster Number
029
U-PlanIt
U-PlanIt is a web/app based service company that specializes in event planning. U-PlanIt connects small businesses with local consumers to help them with their party planning needs. U-PlanIt will make event planning faster, easier, and cheaper for event planners. U-PlanIt will have a software that will help party planners plan their party step by step for a cheap price. Currently, U-PlanIt plans to charge the general population $9.99 per service while charging a yearly subscription of $25 for vendors. The vendors will get the full-feature subscription during U-PlanIt’s first year of operation for them to demonstrate what a full subscription is like. After that, the vendors will be charged for the following: $25 bronze (basic subscription), $50 silver, $75 gold, and $100 platinum (full subscription).
U-PlanIt will rely mainly on angel investors as it attempts to start with $80,000 in cash. U-PlanIt will need people working for management, finance, sales/marketing, operations, customer service, IT, and web development. According to its projected financial statements, U-PlanIt expects to make a profit by the end of U-PlanIt’s first year. U-PlanIt has a competitive advantage over other competing companies because it is the only web/app company that deals with a variety of special events.
