Industrial Revolution- SharkTank The hone In the United States today, over half of all new businesses will close their doors within the first three years! If it is that hard to start a new business or sell a new idea in the “land of opportunity”, imagine how difficult it would have been in Europe during the Industrial Revolution! Turning an idea into a product has always been an expensive task, which is why most inventors find wealthy entrepreneurs who will finance the invention. You and your team will have the opportunity to make a presentation to an entire roomful of these wealthy investors (Mr. Newberry, Mrs. Bowen, or Mrs. Orlov). ‘You and your team must create a compelling presentation that highlights what your product can do for society in the 1800s. You will present Wednesday, February 18". Your presentation must include: 4. Business Plan (5 points) - in your presentation -your name ~name of your company -company or product logo 2, Executive Summary (10 points) - The executive summary is what a lender will read before they even consider your idea. If your summary is well written and thought out, maybe they will hear your pitch! This should basically detail why the entrepreneur should invest in your idea (Due Monday!) 3, Invention and Business Description (5 points) ~ Overview of industry (what are things like without your product?) - Mission Statement- what is the purpose of your product, what will it accomplish to make life easier? - Product Description- Provide a complete description, how does it work? (Demonstration?) 4, Sales and Marketing (10 points) = Customer Profile: Describe your target user of the technology. = Customer Needs: Why does the customer need this product?- Target market and demographics- will these be used by families, businesses, individuals? What type of education, age, ect? - Create a sample advertisement or promotion Additional things you could do to get more buy in: we - Design business cards to give out to the sharks Design a website for your product ANY Create a sample of your product ue Create a marketing song or advertisement fo 2 ae \ Content: V 515 Business Plan yee 2 wat Dijo Executive Summary ~ Ae 7 _ 3/5 invention & Business Description \S a (Dj sates & Marketing — postr Presentation: |) ywAc 4 [3 Bye contact /3 Appropriate volume is used throughout the presentation A_13 Includes introduetory/concluding statements 2.13 Remain professional and focused throughout presentation bn TOTAL a 2 3 2 a) al