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TFG presentation > Know this shit > Flashcards

Know this shit Flashcards

1
Q

Swot- strengths

A
  • strong demand inside the market in several industries
  • the ability to keep overhead costs low, this includes the low need for storage
  • having a wide range of equipment and being able to reach customers with different needs
  • positive impact on the environment
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2
Q

Swot- weaknesses

A
  • Many external suppliers can cause supply chain disruptions
  • seasonal demand- might affect revenue
  • reassuring quality
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3
Q

Swot- opportunities

A
  • product demand forecasting
    -As technology continues to evolve, the industry can expect to see even more significant changes in the heavy equipment industry, making it more efficient and cost-effectiv
  • emerging markets
  • expanding markets
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4
Q

Swot- threats

A
  • strong competition and low barriers to entry
  • the technological obsolence- keeping up with technology
  • regulations on emission or safety standards
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5
Q

Correcting weaknesses

A

Supply Chain Disruptions : Implementation of real- time monitoring of our supply chain and follow up with suppliers in order to keep track of the amount of equipment available from them and the ones already being rented to our customers.

Seasonality constraints : Include diversified services offering different types of equipment that can be needed at different times throughout the entire year, which will reduce the impact of seasonality in our overall business.

Quality : Rigorous quality control measures, customers rate and give their opinions in order to control suppliers from not renting anything not promised to the customer.

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6
Q

Competitors

A

While Grover stands out for its focus on technology rentals and Myur attempts to offer a general item-sharing platform, neither has gained significant traction or widespread recognition, with the latter even facing negative feedback and limited user adoption. The absence of major competitors in the principal app stores and the limited information on Rent4Me further underscore the underdeveloped nature of the tool-sharing landscape in Spain

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7
Q

5 forces- threat of new entrants

A

High- low barriers to entry

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8
Q

5 forces- threat of substitute products

A

High

1) Seasonal rental from retailers
2) Borrowing from friends, family and neighbours
3) Community tool/equipment libraries
4) Retail purchase

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9
Q

Power of suppliers

A

The bargaining power of a single supplier will be low as everyone can potentially become a supplier. It can however increase when taking into consideration the equipment accessible from each supplier and the reviews they obtain from their customers. The stronger the reputation the more power you will have on the platform.

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10
Q

Power of buyers

A

High- several options when it comes to how they want to obtain the equipment they need

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11
Q

Competitive rivalry

A

Low- not much well established competition

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12
Q

Political

A
  • Grants- numerous opportunities for funding in Spain and as a part of the EU
  • tax advantage
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13
Q

Economic

A
  • growth in the rental industry
  • growth in the sport equipment industry in Spain
  • increase in health and fitness
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14
Q

Social

A
  • growing use of digital payments
  • cost effectiveness of rental- save money + latest models

Several areas for expansion
- events and decorations
- film and photography
- bike rental
- hiking and camping gear
- suits and wedding dresses
- water sports
- baby equipment

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15
Q

Technological

A
  • cybersecurity- protect our sites and customers
  • AI- don’t fall behind
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16
Q

Environmental

A
  • renting composes a constraint on the quantity produced
  • more recent models- new standards regarding emissions and safety
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17
Q

Legal

A

Privacy laws:
The General Data Protection Regulation (GDPR) is a legislation in Europe that was implemented to safeguard the privacy and security of personal data pertaining to individuals in the European Economic

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18
Q

Supply chain management

A
  • supplier management
  • customer experience
  • inventory management
  • logistics and communication
  • quality assurance
  • feedback and continuous improvement
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19
Q

Supplier management

A

-everyone can be a supplier
- we are the middleman that makes it efficient, easy and risk free
- guarantee quality for the customers and a safe return of the equipment for the suppliers
- insurance
- mandatory deposit- held by FindMyTool until the equipment is safely returned

20
Q

Customer experience

A

FindMyTool prioritizes customer satisfaction through our user-friendly platform with clear and transparent pricing, terms and conditions to set expectations upfront

21
Q

Inventory management

A
  • making sure the availability is correct
  • all suppliers will have to register in the app when an equipment is picked up, and as soon as it is returned
  • can be scheduled in advance so customers can check the registered availability
22
Q

Logistics and communication

A
  • between the customer and the supplier directly
  • supplier can offer delivery if they want, if not its the customers responsibility
23
Q

Quality assurance

A

In the cases where the customers have experienced a damaged product/ the product is returned to the supplier damaged, a quality check will have to be done before the supplier can schedule any new rentals. This will ensure customers that they can rely on our platform.

24
Q

Feedback and continuous improvement

A

Customers can review the suppliers, however the suppliers can also review the customers. This is a feature we wanted to add to ensure the best experience for both parties, not only for the customers

25
Q

Buyer persona 1

A

Sara Jimenez is a 32-year-old marketing manager living in Barcelona, Spain. She is married but does not have children yet. She is passionate about sustainability and reducing her environmental footprint.

26
Q

Buyer persona 2

A

Daniel Fernandez is a 40-year-old single father living in Barcelona, Spain. He works as a mechanic and values practicality and finding solutions that benefit both him and others.

27
Q

Key features of the app:

A

User-friendly interface: The app is designed to be intuitive and easy to navigate for both borrowers and lenders.

Diverse tool inventory: Users can find a wide range of tools and equipment for various purposes, from DIY projects to gardening and home improvement.

Trust and safety measures: FindMyTool implements measures to ensure the quality and reliability of listed items, including user ratings and reviews, security deposits, and insurance options.

Community engagement: The platform fosters a sense of community by facilitating interactions between users and encouraging collaboration and sharing.

28
Q

Place

A

Accessible through both website and app

  • geolocation technology
29
Q

Realistic scenario forecast

A

Steady Revenue Increase: Moderate increases in key revenue streams, reflecting steady market conditions and consistent customer engagement.

Balanced Expenses: Expenses grow in line with revenues, maintaining healthy but not spectacular profit margins.

Adequate Cash Flow: Enough cash flow to sustain operations, make investments and pay down debt.

30
Q

Forecast overall analysis

A

Each scenario provides insights into potential future states of the company, helping stakeholders understand risks and opportunities. Strategic decisions can be tailored to either capitalize on potential growth in the best scenario, manage risks in the neutral scenario, or implement turnaround strategies in the worst scenario to avoid financial distress.

31
Q

Balance sheet realistic scenario

A
  • steady increase in total assets over the years
  • liabilities remain consistent with the loan
  • increase in bank account balances and steady equity growth
32
Q

Balance sheet overall analysis

A

Each scenario provides valuable insights into the financial dynamics and strategic needs of the company under different conditions. The neutral scenario’s stable growth is promising, but proactive strategies would be necessary to mitigate risks that could lead to the worst-case scenario while aiming for the best-case outcomes.

33
Q

Income statement- realistic scenario

A
  • expenses increase gradually
  • gross margin positive after the initial year
  • healthy growth
34
Q

Income statement overall analysis

A

Each scenario offers valuable insights into potential financial trajectories and underlying strategic adjustments needed. The best scenario showcases the potential for significant growth and profitability, the neutral scenario demonstrates resilience and steady improvement, while the worst scenario highlights the risks and challenges that could threaten financial stability.

35
Q

Cash flow realistic scenario

A

Moderate Cash Inflows: Steady growth in revenues from transaction fees, shipping, and advertising. This growth is consistent but less aggressive compared to the Best scenario.

Controlled Cash Outflows: Expenses are well-managed with a slight increase over the months but remain within the limits to ensure positive net cash flow.

Consistent Ending Cash Balances: Increases in the cash balance each month, although at a slower pace than in the Best scenario, indicate stable but cautious business growth.

36
Q

Liquidity ratio- realistic

A

Moderate liquidity indicates the company’s ability to cover short-term obligations is acceptable but could be improved. This may lead to potential cash flow pressures if unexpected financial needs arise, potentially requiring short-term financing solutions.

37
Q

Profitability ratio- realistic

A

Stable profitability reflects consistent revenue generation against expenses. While not maximizing profits, the company maintains a balanced approach, which suggests a sustainable but cautious financial strategy. This stability, however, might limit opportunities for reinvestment and rapid growth.

38
Q

Efficiency ratio- realistic

A

Average efficiency in asset utilization indicates the company is adequately managing resources to generate sales but might not be optimizing its asset base to its fullest potential. There may be room for improvement in operational practices to enhance returns on assets.

39
Q

Leverage ratio- realistic

A

Lower leverage indicates prudent use of debt, which minimizes risk but may also reflect a conservative approach to growth. This could limit aggressive expansion or exploitation of market opportunities compared to more leveraged competitors.

40
Q

Strategic implications- realistic

A

In the Realistic scenario, the focus should be on enhancing liquidity and efficiency to safeguard against market volatilities and to optimize asset utilization for better returns. This might involve exploring strategic investments or operational adjustments to improve profitability and efficiency.

41
Q

WACC- weighted average cost of capital

A

The WACC of 7.87% represents the average rate that the company is expected to pay on its sourced capital (both equity and debt). This rate is pivotal because it acts as a benchmark for evaluating investment decisions, financial projects, or acquisitions.

42
Q

IRR- internal rate of return

A

The IRR calculated for the Realistic Scenario is 2.8%, which suggests a modest return with low risk for investments. This number indicates that the company is expected to generate a relatively low annual return.

43
Q

Return on assets (ROA)- neutral scenario

A

The company faces loss relative to its assets at first, but it manages continued improvement and increased efficiency in asset utilization, culminating in a ROA of 30.80% in the fifth year. This indicates overcoming initial difficulties and progressively optimizing operations to achieve high profitability relative to assets.

44
Q

Strategic implications

A

The profitability analysis indicates that in scenarios where gross and net profit margins are strong, FindMyTool should continue to leverage its successful strategies while exploring opportunities for further expansion and innovation. In contrast, under the worst-case scenario, it is crucial to address the inefficiencies, possibly reevaluate the pricing strategy, and explore cost reduction measures without sacrificing service quality. Monitoring ROA and ROE closely will help ensure that assets and equity are being used to their maximum potential to generate desirable returns.

45
Q

Final overview of the financials

A

The analysis of FindMyTool’s financial statements reveals a financially robust platform with effective management of revenues and expenses. The company’s strategic approach to revenue generation, coupled with vigilant expense management, supports sustainable growth and operational excellence. This financial health is pivotal for maintaining competitive advantage and facilitating future expansion in the evolving market of tool-sharing.

46
Q

Limitations

A

1) high quality equipment
2) seasonal demand
3) high quality app and time constraints

47
Q

Contingency plan

A

6.1.1 Quality control

Establish strict quality control measures, including regular inspections and maintenance schedules. Provide incentives for owners to maintain their equipment in good condition and offer refunds or discounts for renters if equipment quality falls below acceptable standards.

6.1.2 Seasonality

Expand the variety in our inventory by adding equipment that is in high demand all year round or dynamically adjusting prices in response to shifts in demand. Offer users discounts or seasonal specials to draw them in during busy times and encourage early reservations to help with inventory management.

6.1.3 Time Constraints
Establish reasonable deadlines and attainable milestones for the development process. Set feature priorities in accordance with consumer and market expectations to guarantee prompt delivery of essential features. If extra resources are needed to maintain quality and accomplish project objectives, provide them to you or give deadline extensions.

TFG presentation (1 decks)

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