Mental Sharpeners | Application Preview
Mental Sharpeners is seeking a government grant to support its operations and expansion. The total funding requested is $48,600, which will cover $40,000 for rent or lease, $8,000 for furniture and equipment, and minor amounts for merchandise and supplies.
The business plan focuses on building a strong clientele, hiring dedicated employees, and upholding high work standards. With a national shortage of teachers and paraprofessionals, there is a significant opportunity in this growing market.
In terms of competition, the company faces three primary rival agencies that typically offer lower prices for their services. However, Mental Sharpeners aims to differentiate itself by hiring reliable, drug-free employees and providing quality service. Competitors charge around $85 per hour for their services, along with high signing bonuses and contract buyouts. In comparison, Mental Sharpeners plans to charge clients a $200 fee per contracted employee, while paying its paraprofessionals and tutors $30 per hour. This pricing strategy positions Mental Sharpeners as a competitive option in the market, potentially attracting clients who are in search of better quality for their investment.
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General Information
Business Registration Number: 0003375406
Location: Claremont, CA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
$40000 Rent/Lease $8000 Furniture/Equipment $300 Merchandise $300 Supplies
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Business Plan
Build Clientele, hire employees, and maintain excellent work standards to integrity. There is a shortage, nationwide of teachers and paraprofessionals and this market is booming.
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Self Identified Competition
Other agencies in the area are the top 3 competitors. Their prices are step and the quality employees for a fraction of the cost, will make them bend to my market or fold. Mental Sharpeners hires hard-working, drug-free, quality employees and the current market is charging school districts and charter schools roughly $85 hr per employee. Also, their contracts require signing bonuses and pricey contract buy outs (approximately 20K) and pay their employees approximately $26 hr. My company charges clients $200 fee per contracted employee and $40 hr. Mental Sharpeners will pay it's paraprofessionals and tutors $30 hr.
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Contact Applicant
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