To increase the speed and reduce the cost of innovation, organizations of all sizes are tapping external sources of research and talent. But these relationships are expensive. Whinot provides a proven process and web platform for SMB’s to access relevant solutions and flexible talent to help improve their supply chain and operations. Whinot also provides a marketplace for freelancers to sell or share existing solutions and find new consulting opportunities.
Whinot is redesigning the way businesses access external talent.
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Whinot LLC Business Plan Competition
1. redesigning the way businesses access external talent. Kyle Hawke kyle@whinot.com 540.421.1659 Ben Baran ben@whinot.com 704.654.8433
2. Whinot is at the intersection of three business trends. Flexible labor Freelancing Crowdsourcing
3. is a … platform that connects A Community of Freelance Consultants Small-Medium Business (SMB) Managers
4. Whinot applies the principles of crowdsourcing to the typical fee-based management consulting model. Build a freelance consultant community Target SMB’s with ops/org issues Key Revenue Generator Whinot innovation consultants craft a “challenge” – metrics, objective, etc. Broadcast challenge to freelance community … get specific responses Control response quality Facilitate fee-based engagements Return net margins to freelance community
5. Whinot has four revenue streams. Innovation Consulting Challenge Fees Contract Markups Solution Sales Year 3 2010
6. The Whinot business model captures an opportunity in both the SMB manager and freelance consultant markets. SMB Managers Freelance Consultants and Opportunity: It’s the “age of going solo” Opportunity: Need flexible expertise Increased outsourcing Market: 30% of 30M US SMBs will use contract labor in 2010 Market: 400K small management consulting firms in US
7. A number of crowdsourcing business models exist, typically differentiated based on function or activity focus. SoftwareDevelopment Professional & Administrative GraphicDesign Math & Sciences
8. Whinot is differentiated from the competition on three aspects of the business model. Management focus … Collaborative … not Competitive Mid-market price point & experience …
9. Whinot expects to turn a profit in 2012 at a forecast of 70 challenges and 12,000 consultants on the platform.
10. Whinot needs $800K to reach positive cash flow in 2012; the majority of this will pay developer contracts/salaries. Note: $18K invested to date 1 tech manager 3 developers 2 testers @$78k weighted avg.
14. Thank you for your time. redesigning the way businesses access external talent. Ben Baran ben@whinot.com 704.654.8433 Kyle Hawke kyle@whinot.com 540.421.1659
15. Whinot expects to turn a profit in 2012 at a forecast of 70 challenges and 12,000 consultants on the platform.