Entrepreneur

Final Project Presentation

 Self

Introduction
 Introduction about Business Idea
Idea is make refrigerators that can be associated with your
mobile phones.
This is new refrigerator with multiple new aspects making it
one of the most modern and advance refrigerator.
This is a full control system that helps you control your food
from far distances.
Contains the entire typical refrigerator features, but with a
twist of Built‐in PC.
It includes identification scanners.
The product will be promoted to upper working class and high
society.
 Why This Refrigerator?

Aimed at those individuals who are interested in easing the

Cooking.
Grocery shopping.
Food waste has become a major concern and our product can
get rid of this issue.
 Different Features Of This System
Consist of many sensors:

Measure the temperature of your food and send you

warnings if the temperature rises for any reason.
  It can sense if there is any corrupt food that may affect
other food by sensing and analyzing gases in the refrigerator
atmosphere.
This System has a special feature for the water, It can
sense the amount of water in tanks inside refrigerator and how
much exactly their coolness.
 Objectives
Provide ON/OFF control through customer mobile phone.
Amount of food is detected inside the refrigerator.
Gives alert on expiry of items placed in refrigerator.
Detects volume of liquid in bottles.
Indicate when main door or freezer door is opened for a while.
Over weight sensor.
Gives alert on expiry of items placed in refrigerator.
Generating shopping list.
Gives recipe suggestions based on food present in the
refrigerator.
 SWOT Analysis
Strengths The product has a wealth of customization options for size,
color, and amount and placement of doors.

Due to the product’s size and customization options,

Weaknesses distribution and storage will be challenging.

The amount of Upcoming tech Consumers are

technology used shows like CES and increasingly
Opportunities in home E3 are a great way looking for
appliances is to generate interest customizable
increasing. in the product. products that suit
their needs.
Threats Most of the target Competitors may People may not buy in
market already owns copy the product’s to the “refrigerator”
a refrigerator. design and features concept.
 Necessary Actions

Start manufacturing and begin developing an advertising

campaign immediately. 
Allocated time for completion: one month
Start accepting orders and create new advertisements will be
introduced once the six month mark is reached.
Allocated time for completion: six months.
Assess progress on the company’s goals after one year and
make any necessary changes to the company’s objectives and
strategies.
 Budget
Required Funds:
• Factory, building, and equipment costs: 15,000,000.
• Total cost for production in the first year: 2,400,000,000.
• Profit is not expected in first year of operation. Much of the
revenue will go to investors.
Expected Sales:
Year Unit Sold % Market Sale Revenue
1 400,000 5% 2,800,000,000
2 800,000 10% 5,600,000,000
3 1,000,000 12.5% 7,000,000,000

Expected expenses:
• Total cost of production for the first year (materials, labor,
research and development and overhead): 5,000,000
 Conclusion
The refrigerator is connected to a company data base.
The refrigerator will inform the user about the quantities of
each item.
We have introduced refrigerator application with intelligent
multimedia capability.
The proposed refrigerator can enable health.
It can perform different functions.
The concept of refrigerator is far more reaching than notifying
the user about the contents of the refrigerator.
 FUTURE SCOPE

The feature in Refrigerator can be upgraded by replacing the

normal camera by a camera capable of image processing.
The camera will perform image processing based on which
the contents present inside the refrigerator can be easily
identified.
Device size can be reduced effectively.
The refrigerator that is made in future would have the
option to cross reference and act on limiting the
ingredients.
Thank You