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NetWork

Sophia Hong and Chelsea Arriola
by

Chelsea Hong

on 18 September 2013

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Transcript of NetWork

HOST
Granted permission to create profile on NetWork after going through live-scan procedure

Writes description of employment/location/circumstances

Description approved by NetWork scanning process

Listing uploaded on to the site
SERVICE
MARKET
FINANCIALS
OVERALL EXPERIENCE
Volunteers are exposed to a different working environment that encourages young adults to venture outside of their comfort zone while obtaining valuable life skills.
REQUIREMENTS
WEBSITE
Easy to navigate system with a different interface depending on whether you're a host or a
potential volunteer.

SWOT ANALYSIS
MARKET RESEARCH
of surveyors are interested in working in a different area/region.
TARGET MARKET
Young adults in search of first time work opportunities or travel experience.

Also provides options for those seeking to be immersed in nature as well as city-life.
MARKET ANALYSIS
The travel and tourism industry generated $2.0 trillion in economic output, with $855.4 billion spent directly by domestic and international travelers that spurred an additional $1.1 trillion in other industries.

START-UP COSTS
PRICE
Prices vary according to the destination

Additional service fee: $30 per trip

No fee to sign up for a NetWork account.
COMPETITORS
STRENGTHS
NetWork is a novel idea

Parents are on board with the idea of educational reprise

No heavy competition in the market

WEAKNESSES
Liability for those under 18

Accomodating different modes of transportation

Time restraints

Company dependent on hosts signing up




OPPORTUNITIES
Partnering with transportation companies such as Southwest and Trailways to subsidize costs for customers

International expansion

Partnering with schools and universities to provide trips to students.

Offering scholarships
THREATS
People could pay for travel expenses on their own, despite higher costs

Potential customers can find similar experiences themselves
DIFFERENTIATION
Our program is aimed towards young adults seeking work experience for the first time, whereas Workaway caters to all ages.

Greenheart is only aimed towards those interested in environmental activism.

BUNAC primarily focuses on working abroad and doesn't arrange room & board.
WORK OPPORTUNITY EXAMPLES
Host & employer must live within the United States

Age limit: Our goal is to provide first time work experience to young adults. (Years: 15-24)

Host must be able to provide proper accomadations and meals for their volunteers.

Hosts are required to undergo a live-scan procedure to ensure customer safety.
NetWork
who we are
of surveyors are willing to work in
exchange for room and board.
NetWork is a company that links young adults with short-term work opportunities in various regions within the United States. Customers are connected with hosts in different areas that provide room and board in exchange for work. Volunteers are able to gain valuable work experience as well as explore their new city.

Hosts in search of assistance can register through our website where potential work-seekers can contact these employers.
Customers make an account on NetWork's website where they can locate work opportunities based on the region that they wish to visit within the United States.
1.
2.
3.
NetWork then connects and contacts the host with the volunteer while arranging travel services.
4.
Transportation and trip logistics are organized from start to finish by NetWork.
84.6%
76.9%
Workaway
Greenheart
VOLUNTEER
Creates profile including a list of interests

Interests help NetWork filter out potential work opportunities best suited for the individual

Picks opportunity, NetWork connects employer and volunteer

Pays for travel fees through NetWork

NetWork arranges times & transportation

76.5%
of surveyors are comfortable with sharing living spaces
1 out of every 8 jobs in the U.S. depends on travel and tourism.
Organic farming community in upstate New York
Taking care of livestock at a
non-profit ranch in Albequerque, New Mexico
Working at a traveler inn in Hadley, Massachusetts
Tech intern for a private design firm in San Francisco, California
Building sustainable houses in Boulder, Colorado
Start-Up Expenses:
Website $20,000
Legal Retainer Fees $20,000
Insurance Down Payment $7,000

Three-Month Expenses:
Employee Pay $150,000
Payroll and Withholding Taxes $70,000
Utilities $8,000
Transportation $50,000
Health Insurance $14,000
Business Insurance $3,000
General Liability Insurance $4,000
Worker's Comp. Insurance $ 1,000
Research and Development $ 2,000
Maintenance and Repair $5,000
Marketing $10,000
Property Insurance $700
Miscellaneous $7,000

Safety Net $10,000



Total: $381,700
The duration of trips vary according to each individual job and availability of the customer.

Customers are able to explore the region they're in at their own discretion.

Compensation for work hours vary according to host and region.
LOGISTICS
BUNAC
Chelsea Hong & Sophia Arriola
SALES PROJECTIONS
VIRTUAL COMPETITORS
No Direct Competitors
DEPARTMENTS
Administration
Operations
Human Resources
Finance
Sales
Marketing
Approx. 400 trips sold per month
Increase in revenue during summer months and vacation times
Full transcript