972.814.3612
|  jennifer@jenniferherriage.com

Jennifer Raney Herriage

Your Rockwall REALTOR®

  • Home
  • Listings
    • Search Listings
    • Featured Listings
    • Video Walk-Throughs
  • Resources
    • Design for Real Estate Investors
    • Buyers
      • The Homebuying Process
      • Buying Tips
      • School Districts
        • Rockwall ISD
        • Sunnyvale ISD
        • Richardson ISD
      • Rockwall Foreclosures
      • List of Inspectors
      • What is a Title Commitment
      • Fiduciary Responsibility
      • Ready To Buy
    • Sellers
      • Seller Services
      • 4-Step Seller’s Guide
      • Pre-Listing Checklist
      • Cash For Houses
      • Ready to Sell
    • Preferred Vendors
    • Real Estate Partners
    • Lake Ray Hubbard Living
      • Lake Ray Hubbard Events
      • Rockwall Schools
      • Relocation
      • Jennifer’s Favorite Restaurants
    • About Jennifer
  • Blog
  • Contact

Children’s Educational Toys Business Plan

March 3, 2023 By JamesCall Leave a Comment


Children


ToyLearn, a start-up company, has created a range of engaging and fun educational tools for children. Jen Funster and David Funster are the founders of the company. ToyLearn is an Ohio S-Corp. ToyLearn expects to be profitable by year end and have a dramatic increase in sales in the first few years.

ToyLearn currently offers three educational toys. NumberToy is the first, which teaches number skills to children. LetterToy, which is as the name implies, aids children in quickly learning the alphabet. PhonicToy is the third product. It looks like a mini-PC and teaches math and phonics skills. While the products serve as educational tools to develop core skills in youngster users, the toys are fun to play with and encourage children to use them often. Current developments are underway in the in-house department.

ToyLearn discovered three key keys to success, which are essential for the long-term sustainability of the business. Number one is the need to develop creative, educational, engaging toys. Second, financial controls are essential. The last last key to success is the need to listen to customer, effectively creating a feedback mechanism for product improvement.

ToyLearn identifies two segments of customers it will be targeting. The first is individuals. These customers are either grandparents or parents purchasing the product on behalf of their child. This market has 3,354,430 potential customers and is growing at an average 8% per year. Wholesale purchasers, which are usually organizations that buy the products for clients, is the second market segment we will address. These are usually care centers or pre-schools. This segment is experiencing a 10% increase in annual growth with 702,335 potential customers.

ToyLearn’s success is assured by its strong management team, led by Jen Funster and David Funster. David, who heads product engineering, graduated at the University of Rochester in Engineering. David was employed by HP for a number if years in the product development department. David worked in game development at Nintendo after leaving HP. David’s education and these experiences have given him valuable skills that he can use to help ToyLearn grow its market penetration through the quality of their products. Jen, the other half of our management team, earned her Masters of Education from Case Western Reserve University. Jen has extensive experience in the development of educational tools for ToyLearn.

ToyLearn forecasts sales of $367,000 for year two. In year three, the annual sales will increase to $475,000 ToyLearn has the right combination of experience management, exceptional product development, and the ability recognize an amazing market opportunity.

1.1 Objectives

  • You can create a profitable business.
  • Create innovative educational toys.
  • Interactive toys can be used to enhance children’s learning.

1.2 Mission

ToyLearn’s mission is to produce the best quality educational toys. The more children that learn basic functions from our toys, the more successful we are.

1.3 Keys for Success

  • Develop creative, educational, engaging toys.
  • Adopt strict financial controls.
  • Pay attention to what the customers say.


  • digg Digg this post
  • facebook Recommend on Facebook
  • linkedin Share on Linkedin
  • twitter Tweet about it
  • rss Subscribe to the comments on this post

Filed Under: Businnes Plan Tagged With: children, educational, toys

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FIND YOUR HOME

Click here to search property listings.

Mortgage Calculator

$
  %
  yrs
  %
$

Testimonials

“I have both bought and sold properties from Jennifer and I can highly recommend her without any reservation.  She is uniquely qualified due to her vast experience in not only the marketing of homes but also all aspects of ownership.  The result is a professional that adds value to the client beyond the associated cost of representation.” 
- Dean Lontos

DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...

© Jennifer Raney Herriage 2017

· Move-in Ready Theme

Website by Hooked On Code

  • follow:follow:
  • Become my Fan Become my Fan
  • Connect with me Connect with me
  • RSS RSS
  • Tweet with me Tweet with me
  • Subscribe to my YouTube Channel Subscribe to my YouTube Channel