ExternshipScheduler
Startup Idea: A scheduling tool for law students doing summer externships to help them efficiently allocate and manage their hours per week to meet credit requirements
Pain point: people doing summer externships with law firms are unsure about how to effectively schedule and divide their hours per week to meet school credit requirements
- Categories
- Lawschool Education Scheduling Calendar Tools Time Tracking Tools
- Idea Generated From
- Reddit Post: Externship schedule?
- Potential Monthly Revenue
- $5000
Business Plan: Scheduling Tool for Law Students
Overview
Our business idea is to create a scheduling tool specifically designed for law students participating in summer externships. This tool will help students efficiently allocate and manage their hours per week to meet credit requirements, stay organized, and maximize their learning experience during their externship.
Target Market
Our target market is law students who are required to fulfill externship credits as part of their degree program. These students often struggle with balancing their externship hours, coursework, and personal life. Our scheduling tool will provide them with a solution to effectively manage their time and meet their credit requirements.
Product Offering
Our scheduling tool will have features such as: - Ability to input externship hours required and preferred schedule - Automatic calculation of total hours completed - Reminders for upcoming deadlines and events - Integration with calendar apps - Customizable settings based on individual externship requirements
Revenue Streams
We will use a subscription-based revenue model. Students can subscribe to our tool on a monthly or seasonal basis. We will also offer a free trial period to encourage student engagement and adoption.
Marketing Strategy
Our marketing strategy will include: - Partnering with law schools and career centers for promotion - Social media advertising targeting law student groups - Content marketing through blogs and webinars focusing on time management for law students - Participation in law school career fairs and events
Financial Projections
Based on our market research and pricing strategy, we anticipate acquiring 500 subscribers within the first 6 months of launch. With a monthly subscription fee of $10 per student, we estimate our monthly revenue to be $5,000.
Conclusion
Our scheduling tool for law students participating in summer externships addresses a critical need in the market and provides a valuable solution to help students succeed in their academic and professional endeavors.
Estimated MRR: $5,000