Turning Pages for Change
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This document proposes a social enterprise called "Turning Pages" that aims to address the lack of access to affordable books for students in remote areas of Bangladesh. It works by collecting unused books from urban university students, storing them, and lending the books to students in rural universities for a small fee. Profits will be reinvested into expanding the business and providing microloans to student entrepreneurs. The operations involve setting up temporary book collection booths, transferring books to a warehouse, and renting them to rural students twice per year. Financial projections estimate serving 800 customers in year 1, making a profit of $2,340, growing to 1,800 customers and $52,480 profit by year 3.
Turning Pages for Change
- 1. BOOMERANG Bangladesh University Of Professionals
- 2. Social Problems 1. High pricing of books due to the lack of supply in remote areas 2. No alternative to cheap books. 4. Huge amount of un used books to urban students 3. Student entrepreneurs do have brilliant ideas but they cannot execute them just because of funding. Project about
- 3. Solution
- 4. How it works 1. Turning pages is an opportunity for students of semi urban areas of our country to buy/borrow used books for their educational purposes so that their education is not hindered due to lack of proper books. 2. Profit obtained would later on be re invested into the business. 3. Provide loans to student entrepreneurs for start-ups
- 5. Abidur Rahman Tahmeed Alam Sameen Studying BBA @ BUP. Very passionate about starting my own business. Business plans and Advertising are my area of expertise. Love to design. I would like to go further with our idea Turning Pages for Change Currently studying BBA@ BUP. Have experiences in working for All Reds Bangladesh, Boomerang, and UNYSAB. Has experience in working with HR farms and planning to major in Supply Chain Management
- 6. Operations 1. Unused books would be taken from students in return each of them will receive a membership card 2. Temporary booths opened twice every year at the beginning of each semester 3. A team of voluntary member assignment from the top 3 universities of Dhaka 4. This books will be taken to the warehouse Step: 1 1. According to demand books will transferred to semi rural universities 2. Transfer will happen twice a years 3. A store house will also be made with a paid team who manages the distribution there 4. The books will be rented on monthly Step: 2
- 7. 1. The revenue received be later used for further growth of the company 2. A portion of the revenue will be used on merging technology with the service 3. A portion of the revenue is also planned to be used for micro financing of young entrepreneurs. Step: 4 1. 60% of books will remain at our warehouse 2. These 60% books will be rented to the students with the membership card who can rent the books at a small price range. 3. The books will later be taken from all the rent takers after the end of each semester. Step: 3Membership card
- 8. Financials Details Year 1 Year 2 Year 3 No of customers 800 1200 1800 Yearly revenue from book lending 4,80,000 6,12,000 9,18,000 Yearly revenue from loan interest 16% 29,340 52,000 92,480 Total Yearly revenue 5,09,340 6,64,000 1,010,480 Salary 1,80,000 1,80,000 2,50,000 Warehouse rent 72,000 72,000 2,00,000 Initial book Buy 30,000 Website development 15,000 Marketing Campaign 20,000 35,000 40,000 Total Cost 3,17,000 2,87,000 3,40,000 Profit/loss 1,92,340 3,77,000 5,20,480
- 9. Assumptions 1. Books will be collected from BUP DU & NSU 2. 17tk per month for each book 3. 5 books for 1 semester will cost 510tk. 4. Money generated from lending will be landed to entrepreneurs at a 16% interest rate. 5. 5 employees will get 3000 per month that is early 15000*12=180,000. 6. 6000 TK per month for two warehouse
- 10. 3rd year 48% 1st year 22% 2nd year 30% BREAK-EVEN 7th month of operation starts PROFIT Budget Overview
- 11. Social Return Books Availability @ cheaper rate Quality of education at Semi urban areas Bonding between semi urban & urban students Micro Loans will give opportunity to young entrepreneurs for their start-ups