Print Lock
Madison Elmer. Ally Bushman. Anita Bui.
“No more keys, no more hassle”
Mission Statement
● Our mission is to provide an innovative and
safe security system with a convenient, onthe-go approach at a reasonable price.
What is it?
● Print Lock is the newest, and most trustworthy security
system out there
● Uses our customer’s fingerprint to lock and unlock
house doors from anywhere
● System comes in keychain, dog tag, or wristband form
● Also includes surveillance cameras in front of each door
linked to the system to allow customers to view the
door, from a smartphone, that they are unlocking
Type Of Business
Partnership
● Advantages:
○ Sharing of losses
○ Team aspect
○ Sharing of workload
● Disadvantages:
○ Sharing of profits
○ Potential conflict between partners
Market
● We are entering a technological monopoly
with a patent
● Very difficult to enter the market without a
new, innovative product
● Luckily, we have just that kind of product
Competition
● Although we are entering a monopoly, there is
competition offering similar products
● Xfinity Home Security offers an app on a smartphone
that allows one to arm and disarm their security system,
turn lights on and off, monitor outside with cameras,
change thermostat, and check smoke detectors
● Although this product offers cool and innovative
technology, the price runs very high
Competition (continued)
● Xfinity Home Security starts at $29.95 a month, but ONLY if you bundle
with their “Xfinity Triple Play”
● The next best thing is $39.95 a month for 12 months that includes
○ 1 touch screen controller
○ 3 door or window sensors
○ 1 motion sensor
○ 1 wireless keypad
● For $49.95 a month they include
○ everything the above deal includes plus…
○ 2 indoor/outdoor cameras
○ 2 lighting controllers
Competition (continued)
● We offer three packages that are simple and easy to
understand
● Print Lock 1 for $19.99 a month for 12 months includes
○ 1 camera and 1 ‘system’
● Print Lock 2 for $24.99 a month includes
○ 2 cameras and 2 ‘systems’
● Print Lock 3 for $29.99 a month includes
○ 3 cameras and 3 ‘systems’
Financing
5 Year Financial Plan: Print Lock 1
Year 1
Year 2
Year 3
Year 4
Year 5
Amount Sold
2,500
5,000
10,000
20,000
30,000
Revenue
599,700
1,199,400
2,398,800
4,797,600
7,196,400
RevenueProduction
Cost
477,525
955,050
1,910,100
3,820,200
5,730,300
Financing Continued
5 Year Financial Plan: Print Lock 2
Year 1
Year 2
Year 3
Year 4
Year 5
Amount Sold
2,500
5,000
10,000
20,000
30,000
Revenue
62,475
124,950
2,998,800
5,997,600
8,996,400
RevenueProduction
Cost
-59700
-118900
2,510,100
5,020,200
7,530,300
Financing Continued
5 Year Financial Plan: Print Lock 3
Year 1
Year 2
Year 3
Year 4
Year 5
Amount Sold
2,500
5,000
10,000
20,000
30,000
Revenue
899,700
1,799,400
3,498,800
7,197,600
10,796,400
RevenueProduction
Cost
777,525
1,555,550
3,010,100
6,220,200
9,330,300
Financing Continued again
● We are asking for $200,000 for exchange of 10% of our
business
● To get started, we are each putting in $10,000 of our
own money and receiving $20,000 worth of “love
money” from our families
● If you choose to be apart of Print Lock, we will have
$250,000 total in startup money
Marketing
● Social media plays a big role in today’s world
● Our advertising venture will start on social media and quickly grow
to television and radio ads
● Television ads will be aired during popular tv shows and sporting
events
● Pitching to contractors
Operations
● Our business will be set up in a office space and factory
combined in downtown Portland.
● We have our own website that allows customers to virtually view
each product, and the website goes into detail about what each
plan offers.
● We plan to hire engineers and laborers who will build the
products, shippers and transporters, installers who will actually
put the product in homes, customer service representatives to
help customers, and an accountant to help us keep tabs on our
budget.
Operations continued
Operators:
Salary
Engineers/ Laborers
$16.00 hourly
Shippers/ Transporters
$13.00 hourly
Installers
$13.00 hourly
Customer Service reps.
$14.50 hourly
Accountants
$15.00 hourly
Operations continued
● Open Monday- Friday, 9am-5pm
● Website operating 24 hours, and 7 days a
week
● Ally Bushman, our CFO, will manage the
inventory and finances, but will be assisted
by our financial advisor.
Operations continued
POSSIBLE Pitfalls:
● Possible technological pitfalls will be closely monitored by our
engineers.
● On the customer service side, if something goes wrong with our
products we will offer a free installation and 6 months free
service.
● We aren’t taking out loans, instead we are using cash.
Therefore, we do not have to worry about paying loans off and
going bankrupt because of loans.
Thank you for listening