Runway

Runway is a smart job board offering and smart hiring solution for any employer and offers wonderful platform to job seekers to analyse their dream company and to manage their knowledge smarter.

For hiring Employers and Candidates face some problem like-

1. Existing job board don’t help employers discover right or perfect fit
2. Takes a lot of time
3. Costs a lot of money
4. Creates a lot of mismatches
5. There is “NO” ecosystem in Job Boards that offers one stop solution for students, employers, executives

Its unique selling propositions include the following:

i. Pre-employment online test to shortlist candidates during job application and hiring  process

ii. CV review services (automated scoring  system)

iii. Career lounges

iv. Separate propositions for students and employer with Salary review and interview questions

v. Referral Candidate 

Runway can fill up the gap between the employers and candidates by offering the services.

The Target Market:

Target customer segments of Runway are as under:

•Employers

•Corporate Executives

•Fresh Graduates

•Enrolling Students

•HR Firms

•Headhunting Firms

The total market size and the market share that company will target:

Population in Bangladesh

163 million

Internet Users

73 million

Mobile Subscribers

136 million

Total University students

3 million

People added in Job Market each year

0.5 million

Total Millennials

77 million

Number of Universities

139

Number of Freelancers

0.5 million

Total employed population in service

20 million

Number of registered business houses

67k

Coaching Center/Institute

1000

Ecommerce Vendors

6000

Runway is a career marketplace and offers HR technology based hiring solution for employers. Runway helps job candidates explore companies, interact with real life corporate leaders and get prepared for corporate world.

Runway is a smart job board offering and smart hiring solution for any employer and offers wonderful platform to job seekers to analyse their dream company and to manage their knowledge smarter. For hiring Employers and Candidates both are face some problem. Employer can not find the right candidate for the right position and Candidate can not get the right job. Basically there is a gap. We Runway basically  offer some unique value proposition for fill up that gap. 

At Runway we simplify the path of the students from university to career. We assess there skills, interests and strengths. We develop them through our different services and mentors. Also offer some program for executive also. All this things are very helpful for the job-seeker. And by this company can also hiring the right person for the right position through our platform.    

Kite Innovation offer a core value propositions: Runway

Runway: Runway is a smart job board offering and smart hiring solution for any employer and offers wonderful platform to job seekers to analyse their dream company and to manage their knowledge smarter. Its unique selling propositions include the following:

i. Online test administration or pre-employment online test to

   shortlist candidates during job application and hiring  process;

ii. CV review and editing services (automated CV scoring  system);

iii. Career lounges;

iv. Separate propositions for students and freelancers; and Salary review and real interview questions.

v. Referral Candidate  (and get gift )

Service we offer: 

Corporate Subscription - Runway

Previous Subscription Renewal

CV Editing Services

Corporate Advertisement

Commission from Freelancer

Training/Assessment Center/CAREER SHOW

Revenue from Headhunting Services

Process and Technology:

Operating systems: Windows (98se, 2000, XP, Vista, Windows7, Windows 8 and Later versions) Macintosh (Mac OS, Mac OS X 10.x) Linux Solaris Unix

Browser: Google Chrome Internet Explorer 5.0 and later Mozilla Firefox 2 and later Safari

Hardware Interfaces: Since the application must run over the internet, all the hardware shall require to connect to the internet will be hardware interface for the system. As for e.g. Modem, WAN – LAN, Ethernet, Cross-Cable.

Software Interfaces:

Software Interfaces for the web application is stated below - ● The web application shall contact simultaneously with the Admin panel to identify all the components configured in the front end to provide the expected services. ● All jobs must be viewable by everyone. ● SignUp forms shall be validated before submitting. ● Administrator shall have the ability to update all the content via a CMS. ● All the video content shall be inserted through embedding. ● Shall be able to show embed social media feeds. ● Blog posts shall have the comment filtering feature and admin may able to moderate comments based on necessity.

Communications Interfaces: ● The communication between browser and web server shall use HTTPS(Hyper Text Transfer Protocol Secure).

Safety Requirements: 1. The communication between browser and web server shall use HTTPS(Hyper Text Transfer Protocol Secure).

2. The development framework allows Cross Site Request Forgery attack protection. The powerful framework automatically generates a CSRF "token" for each active user session managed by the application. This token is used to verify that the authenticated user is the one actually making the requests to the application.

We Runway basically  offer some unique value proposition for fill up that gap. 

At Runway we simplify the path of the students from university to career. We assess there skills, interests and strengths. We develop them through our different services and mentors. Also offer some program for executive also. All this things are very helpful for the job-seeker. And by this company can also hiring the right person for the right position through our platform.   

It will be very user friendly and it will able to fill up the gap easily. 

Runway is a smart job board offering and smart hiring solution for any employer and offers wonderful platform to job seekers to analyse their dream company and to manage their knowledge smarter. For hiring Employers and Candidates both are face some problem. Employer can not find the right candidate for the right position and Candidate can not get the right job. Basically there is a gap. We Runway basically  offer some unique value proposition for fill up that gap. 

At Runway we simplify the path of the students from university to career. We assess there skills, interests and strengths. We develop them through our different services and mentors. Also offer some program for executive also. All this things are very helpful for the job-seeker. And by this company can also hiring the right person for the right position through our platform.   

The total market size and the market share that company will target:

 * Target market has been assumed 40% of total available market

RUNWAY

Number of Users/Units

Average Spending Per Year

Total Available Market Size

 *Target Market

Runway's Projected Leads

Corporate Subscription - Runway

12,000

1,000

12,000,000

4,800,000

82

Previous Subscription Renewal

 

 

0

0

50

CV Editing Services

2,000,000

50

100,000,000

40,000,000

1,000

Corporate Advertisement

12,000

1,000

12,000,000

4,800,000

20

Commission from Freelancer

500,000

300

150,000,000

60,000,000

3,300

Training/Assessment Center/CAREER SHOW

4,000

2,000

8,000,000

3,200,000

10

Revenue from Headhunting Services

1,000

4,000

4,000,000

1,600,000

15,000

Total

 

 

286,000,000

114,400,000

 

Next Seven Year:

Year End Financials Summary (Amounts are in Tk.)

Items

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Revenue

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

       17,85,57,624

       23,95,87,600

Gross Profit

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

17,85,57,624

       23,95,87,600

Operating Expenses

         2,03,75,816

         2,49,90,876

        3,18,71,678

        3,79,96,094

          4,31,31,426

          4,42,45,150

          4,80,98,822

Operating Profit

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       13,43,12,474

       19,14,88,778

Taxes

                     -  

                     -  

                   -  

                   -  

                      -  

                      -  

                      -  

NPAT

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       13,43,12,474

       19,14,88,778

Year End Financials Summary (Amounts are in Tk.)

Items

Year 1

Year 2

Year 3

Year 4

Year 5

Revenue

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

       

Gross Profit

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

Operating Expenses

         2,03,75,816

         2,49,90,876

        3,18,71,678

        3,79,96,094

          4,31,31,426

          

Operating Profit

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       

Taxes

                     -  

                     -  

                   -  

                   -  

                      -  

                      -  

                      -  

NPAT

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       

Competitive Advantage:

Direct & Indirect Competitors:

Runway:

•bdjobs

•Chakri.com

•Jobsa1

•Vacancyannouncement

•jobsbd

Value Propositions of Runway:

Employers:

·Pre-employment Test and Administration

·Referrer (Social Recruitment)

·Hiring Freelancers for Short Projects

·Hiring Students

·Corporate Video Profile

Job Seekers:

·CV Posting/Job Posting

·Automated Resume/Resume Builder

·Career Lounge

·CV Scoring Service

·Automated Free Websites and Linking Social Media Profiles

Graduate Camp for Fresh Graduates:

·Interaction with Career Mentors

·Management Trainee Job

·Part-Time Job/Internship

·Affiliation with University Career Centers

Career Lounge:

·Question Marketplace

·Watching Videos of HR Experts

·Reviewing Anonymous Questions and Salary

·Company Review & Explore Companies

·Career Tool Box

·Mentor Tube

10

Abdul Karim

Mr. Karim is a Co-founder and CEO of the Kite innovation limited. He completed his BBA and MBA, Major in Finance from University of Dhaka. After Completion of his study he joined as a lecturer in the Department of Finance & Banking, Dhaka City College a pioneer Educational Institution of Bangladesh in 2005. As an academician he gained name and fame from this sector. 

He has a keen interest on Business also. In this sector he wants to interrelate the practical and theoretical knowledge of finance. He is a director of Divine Group of Companies Limited- A well known Real estate Company of Bangladesh, Director of Green Saintmartin Express- A transportation Company. 

Gazi Yar Mohammed

Gazi Yar Mohammed is co-founder and Director of Kite Innovation Limited. He is also a career coach and retail banking expert. He is working as Executive Vice President & Head of MFS and Agent Banking at ONE Bank Limited. He has held various responsible position in retail credit, cards business, contact center, managing retail branches and product development at EBL, City Bank, and Mutual Trust Bank (MTB).

He was instrumental in launching retail finance center and AMEX Customer Service Center at City Bank. 

He started his career with Eastern Bank Ltd. (EBL) in March 2003 as Management Trainee. Gazi Yar did Masters in Bank Management (MBM) from BIBM and MBA in Marketing from IBA, University of Dhaka.

Business Strategy:  

Financial Strategy:

Year End Financials Summary (Amounts are in Tk.)

Items

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Revenue

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

       17,85,57,624

       23,95,87,600

Gross Profit

           65,60,000

         2,07,05,000

        4,50,07,750

        7,77,70,850

       11,58,22,212

17,85,57,624

       23,95,87,600

Operating Expenses

         2,03,75,816

         2,49,90,876

        3,18,71,678

        3,79,96,094

          4,31,31,426

          4,42,45,150

          4,80,98,822

Operating Profit

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       13,43,12,474

       19,14,88,778

Taxes

                     -  

                     -  

                   -  

                   -  

                      -  

                      -  

                      -  

NPAT

       (1,38,15,816)

       (42,40,876)

        1,31,36,072

        3,97,74,756

          7,26,90,786

       13,43,12,474

       19,14,88,778

We are applying for the Tiger Challenge for funding. Because for a business funding is very important.