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LessonPlaza - Changing the way we learn and teach. There is a painful problem: the lack of tuition capabilities for people of all ages, coupled with the tuition transportation issues for kids due to busy families. The tuition market size is $113 billion and has a 14.2% CAGR. However, the problem size is much bigger. The problem is global, it’s prevalent, urgent, and valuable. The problem covers all ages and it’s no-gender, multi-countries, and cross-cultures. The problem has a high intensity because of the knowledge gap, the difficulty in finding and comparing tuition, and time-poor working parents. The intensity is now much amplified by the pandemic limitations. The problem’s frequency is also very high in terms of repetition, pattern, and rhythm. Introducing the solution: LessonPlaza. LessonPlaza is a next-gen digital platform, designed to give tuition of all types and ages accessibility, simplicity, convenience, and confidence. It’s an one-stop marketplace built to interconnect students, subjects, tutors, and all other tuition-related products and services. Whether students are looking for 1-to-1 or 1-to-many, for online or offline tutoring, LessonPlaza is dedicated to helping everyone achieve their personal and academic goals. Students can skim through a wide range of relevant classes and search for local or non-local qualified tutors. Both students and tutors can rate each other and leave reviews within the app for reputation tracking. To increase LessonPlaza’s scalability, impact, and market penetration, we will add three extra key modules: • RidePlaza add-on - the “WOW” factor, solving a huge pain point. We saw the need for children's transportation services that brings more freedom, choice, and career opportunity to working parents. Most of them have long been disadvantaged due to the lack of solutions available for school transportation, tuition transportation, and childcare transportation. It requires them to step out of their jobs to pick their children up from school. Parents should never have to make the choice between advancing their careers or taking care of their children. This is a huge pain point. Moreover, there are clear restrictions when it comes to children under 18 riding in a taxi without a parent or guardian present. The solution is RidePlaza, a special and unique children taxi app. This innovative service rethinks the idea of kids transportation, getting them anytime and anywhere from school to tuition, sports practice, or even play-dates with safe and reliable rides. RidePlaza’s drivers are fully vetted by a chain of automated and comprehensive background checks such as identity, right to work, criminal status, driving status, working with children, DBS Enhanced Disclosure, DBS Barred List, psychological profile, social scoring, and references. Additionally, parents can enjoy watching and communicating live with their children via RidePlaza’s in-vehicle live-streaming cameras. RidePlaza is a purpose-built SaaS add-on of LessonPlaza app that solves children's transportation challenges and safely connects drivers, parents, schools, and tutors. It’s the new age of student transportation providing rides and care for kids going places. • PDD Plaza add-on. This add-on is based on the PinDuoDuo concept and includes the 1-to-many online classes that allow students to participate in group online tutoring. This concept caters to an audience usually neglected: the lower-income students. • ChatPlaza add-on. ChatPlaza offers instant communication between students and tutors so that tuition queries can be answered in real-time by one or more tutors. It has a chat-like interface that makes it easy for both sides to use it. It maintains a stringent filtering process to ensure that only the top-rated tutors get access. LessonPlaza drives profit from the following revenue streams: • Commission fees charged to students for tuition and transportation services. • Subscription fees charged to parents to access the in-vehicle cameras (SAAS). • Subscription fees charged to tutors and students for ChatPlaza (SAAS). • Commission fees charged to vendors for sold tuition products and services via LessonPlaza’s embedded online e-commerce. • Selling in-apps and website advertising. LessonPlaza is attractive, has the perfect timing, it’s durable and value-adding. LessonPlaza hit prior milestones and is now at the MVP stage, ready to be launched. LessonPlaza’s proprietary technology is evaluated at $80k and includes the following modules: • Native iOS and Android Apps. • Responsive front-end website. • Backend admin panel with privileges. • Two-way rating and reviewing system. • SMS and referral embedded system. • Loyalty and rewarding system. • Real-time chat system. • Location tracking system. • Multiple-payment gateways. LessonPlaza’s brief concept and operating principles: • A fast, modern and efficient on-demand tutoring service • Convenience of finding and comparing tuition • Experience of qualified and ranked tutors • Premium service on-demand • Customer-focused, computer coordinated • Best user experience possible • Statistically optimized response time • Pre-paid cashless billing system (anti-fraud) • Profitable by design Questions from investors to answer: • What is the goal of the venture? • What problem is your team trying to solve? • Who experiences such pain? • Before your solution is available, what are your future customers using to solve this problem? • What is the cost of the next best solution? • How does such cost compare to the cost of your solution? • Why do people buy what you are selling? • What drives their desire? • How would they classify that desire: is it a need or a want? • What evidence do you have that the market will wait for your solution? • Who else is working on this problem? • How far along are your direct competitors? • Other than the founders and family, who else believes in this venture? • What proof do you have that anybody cares about your solution? • What stage is your market in? • Who were your first customers? • How do they compare to your current customers? • How do people acquire your solution? • How many have access to that outlet? • Who else could easily move into your market? • What would be the biggest future threat to the viability of the opportunity? • In a few years, after hitting your numbers, who would benefit from buying your company? • How have you made it better to buy your venture rather than build a competitive solution? • What is your go-to-market plan? o Key milestones met. o Timelines and resource contingencies. o How the product will attract customers. o How the business will roll out. o How the business can ramp up further. • How long until the solution is ready to sell? • Since beginning work on this innovation, what assumptions have turned out to be untrue? • How has the market for your solution changed in the last year? • How much have you invested so far into this opportunity? • What is left to do before you can try selling it? • What costs have to be incurred before the opportunity can generate revenue? • Any patent system designed like UBER (provisional patent and trademark filled)? • Best-case scenario? Realistic success scenario? Worst-case scenario? • What are the main user benefits?