Artists For Humanity Finance Team Milestone Report 1 Table

Artists For Humanityfinance Team Milestone Report1itable Of Conten

Artists For Humanity Finance Team - Milestone Report1 I. Table of Contents I. Table of Contents. II. Goals & Objectives. III. Co. risk financial analysis IV. Milestone breakdown V. Appendices II. Goals & Objectives. Client wants: · Looking to expand the building to the public in order to create a “neighborhood hub community.†· Creation of cafe/studio gallery museum · Looking for “studio providers†- they need rental income. Leasing space to these companies and to provide labor to their employees. · Maker Space Movement - A health club model for the maker space movement area. · Revenue model: based on “cheap and shiny†memberships; storage space; supplies; events to draw revenue and attention Finance team goal: To ensure the business will have a financial revenue model within the Makerspace, that is self-sustaining to grow the operations of the business within the business; as well as concise definite numbers (based on estimates) to draw in potential investors to help fund the expansion project in south boston. Objectives for task: - An investor pitch deck for Artists for Humanity to sell their services and ideas to potentials for a return in company exposure; media; and project collaboration. · To increase revenue in the “Makerspace area†per square foot since currently revenues are at 50% for business from arts sold to partnering clients/businesses. · Roi analysis and earnings of project · Reduce costs for Makerspace · Quarterly projections · Realize ideas for funding and estimates based on benchmarks · Discover present bottlenecks holding up revenue streams as well as future ones · To create different revenue- streams for Makerspace membership based in accordance with different target markets/users · To create a pricing model based on square footage; storage; and supplies that will feed demand and sustain cash flows. · Creation of service pricing model - for classes for maker space along with tier pricing for consumers. III. Co risk financial analysis Risk Identification: · Creation of new classes and services will deter image of Artists for Humanity as a non for profit organization brand image and value. · “Time to market†delay - in funding can consequently result in a thirty three percent loss in revenue if right time and investors for ideas not found within ample time. · Not enough value created in models for consumers to buy into idea of “MakerSpace community†and sharing of experience. Risk assessment & mitigation: · Emphasis on value creation for new classes and pricing - development of reasoning to support new numbers and figures - will create trust and investor confidence. · Trial and beta testing for new membership and classes to be offered based on revenue per square foot. · Analysis from outside perspective - based on “triple constraints.†· Executing beta testing of new revenue models with a clear evaluation and control planning for management with the business of MakerSpace. · Emphasis on “triple bottom line†to investors and in final report to showcase to co. · “Project Network†to be implemented in order to execute new business revenue model internally to project managers in MakerSpace. IV. Milestone Breakdown Milestone- Data Collection: 06/15/15 · A) Defining the scope of the project. · B) Membership research · C) Class research · D) Questions for Drew · E) Crowdfunding research · F) Creation of Gant Chart A) Defining the scope of the project. Start date: 06/15/15 Expected date: 06/15/15 Tolerance: 1 day/s per deliverable Trend: stagnant Actual Date: 06/16/15 Variance: +1 Issues & comments: Concern on overall scope of project task and deliverable becoming clearer with research on company and current business streams. B) Membership research Brief: Researching gym memberships and exclusives, that popular “club memberships†offer to users that result in high return to companies. Similar model can be used for Artists for Humanity. Competitors such as “paint nite in Boston†their pricing and tiers compared to what Artists for Humanity can accomplish to steal market share. Start date: 06/17/15 Expected date: 06/24/15 Tolerance: 0 day/s per deliverable Trend: stagnant Actual Date: 06/24/15 Variance: +-0 Issues & comments: Predecessor is “Defining the scope of the project.†Analysis on members and history of attachment on services provided by Artists for Humanity C) Classes research Brief: To understand current offerings and competitor offerings that have similar art pay per class and service models. What they are doing and how Artists For Humanity can expand and compete with those models. Start date: 06/17/15 Expected date: 06/25/15 Tolerance: 1 day/s per deliverable Trend: Positive upclimbing Actual Date: 06/24/15 Variance: -1 Issues & comments: Able to extend time of research earlier by one day, given classes and times offered by competitors around Boston area. Predecessor is “Defining the scope of the project.†D) Questions for Mike Brief: To understand the current model and understand how much money the co is making now in their existing business models in order to double those figures to pitch to them our ideas and create deck for investors. Sample data questions: -What current investor deck looks like ? how they are presenting that information -The blueprint of the existing space -How do they honor the investors ? events, names, cards? -Figure out what didn’t work in the public health awareness video and how much did they raise ? -Where are the twelve million dollars currently they have coming from ? How did they acquire that ? -Revenue per sq foot of area makerspace -Other areas/sources of revenue in the building -Current benchmarks for membership tiers -Contract management ? What are the payment terms ? -Open to gift certificate idea - Key stat- forty percent of funds from gift cards go unclaimed by users Start date: 06/17/15 Expected date: 06/24/15 Tolerance: 0 days per deliverable Trend: stagnant Actual Date: 06/24/15 Variance: +-0 Issues & comments: Gathered insight into overall business and drivers of success for Artists for Humanity and with key knowledge to develop better revenue business model for milestone 2 - revenues and financial models. Predecessor is “Defining the scope of the project†and “classes & member research.†E) Crowdfunding research Brief: A plan to raise funds for project of makerspace and construction project of building as a whole. Estimated revenues and costs from initiative. Based on statistics from Crowdfunding Industry Reports and by massolution Crowdfunding market to grow for a market size of $20 billion past 2015. Excellent opportunity for Artists for Humanity to partake into this trend. Some samples looked into: Kickstarter; Indiegogo; Crowdfunder; RocketHub; Crowdrise for this specific funding goal. Start date: 06/17/15 Expected date: 06/24/15 Tolerance: 1 days per deliverable Trend: Positive upclimbing Actual Date: 06/24/15 Variance: +-0 Issues & comments: Many options in terms of websites, mainly free and service provided would increase marketing and exposure to outside MA investors in the arts. Predecessor is “Defining the scope of the project.†F) Creation of Gant Chart Brief: To measure tasks of project into sub delieverables. Intensity of project will continue into Milestone 2 where deliverables will focus on planned financial goals and objectives stated earlier. Start date: 06/25/15 Expected date: 06/27/15 Tolerance: 1 days per deliverable Trend: stagnant Actual Date: 06/26/15 Variance: -1 Issues & comments: Exceeded expectation one day earlier than expected. Predecessor is “Defining the scope of the project; crowdfunding research; and classes & member research.†Total time accrued is two days saved for completion of milestone one. V. Appendices 3 Year Monthly Projections Year 1 Year 2 Year 3 Peak Annual Revenue Peak Annual Expenses Profit % Year 1 Year 2 Year D 3D ACCESS $ 783,000 $ 289,% $ 685,125 $ 783,000 $ 783,......5 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,250 $ 65,