H-World | Application Preview
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General Information
Business Registration Number: 23-95214-65
Location: Wilmington, DE, 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: NO
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Funding Usage
The funding will be utilized to assemble a team of skilled developers to wireframe and create my Delaware social app. This includes compensation for the designer, machine learning engineer, project manager, marketer, and business analyst. These resources are essential for the project. I will attempt to cover any additional expenses. The total cost is projected to be $18.5k, with an extra $1.5k allocated for potential scope creep.
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Business Plan
2023: Development and testing of the application. 2024: Mid February role out with marketing and free promotion of the application, 2024: Mid November role out of Advertisers benefits. 2025: Target users 100,000. Gain profit from revenue. 2026-27: Continuous role out of feature to support demand. Social platforms specific to Delaware are currently minimal or unknown. My application aims to help businesses optimize their operations during less busy periods, when there would typically be no customers and no profit. This app will also empower Delaware residents to select venues that are less crowded on specific days, allowing them to socialize with like-minded individuals in settings that suit their personalities. Today, many Delaware social venues struggle with lower revenue from Monday to Thursday, largely due to a lack of effective customer engagement strategies. My app will not only transform this dynamic but also generate job opportunities for the community.
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Self Identified Competition
Currently this will be the first of its kind to provide this service. This unique application connects social enthusiasts to venues without revealing their personal appearances. It emphasizes currently open social spots and welcomes anyone in the area. Uniquely, this will be the first app that exclusively utilizes avatars as profile pictures.
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