Author: wadminw

Tracking Device Maker Business Plan

RQM Technologies, (RQM), is an exciting startup company in the emerging field of Personal Tracking Devices. Industry analysts Ovum Research and ABI Research believe that this market will reach $22 billion within the next five-years.

Products and services

RQM will distribute and develop miniaturized Personal Locator Devices, or Personal Tracking Devices. Initial production of our devices will be outsourced, but we plan on developing the software and systems in-house. In the future, we may also make our products in-house. Unlike our competitors, we have military-inspired proprietary technology (patents applied for) which allows many of our systems to work with or without the presence of cellular towers, enabling their use anywhere in the world, including cities, deserts, oceans, lakes, mountains, or anywhere else adventurous travelers find themselves. They are small and easily programmable, which makes them unique. Our systems are customizable by the end user to fit their individual needs.

Market

Our primary target markets include, but are not limited to, the family consumer, channel sales to original equipment manufacturers (OEMs), businesses tracking shipments or vehicles, the military, and the political arena. Because of our unique proprietary programming capabilities for each individual unit, we have already received indications of interest from several of these target markets, including one branch of the U.S. Military.

We predict our systems will also appeal strongly to families concerned about the safety of their loved ones. Unfortunately, child abductions are on the rise worldwide. Every day, more than 2100 children are reported missing in the United States alone (FBI National Crime Information Center). At the other end of the age spectrum, there are 4.5 million Alzheimer patients in the U.S., 60% of whom (2.7 million adults) wander away from their homes at some point, unaware of their surroundings. Our devices are expected to reduce both these numbers and potentially save lives.

We have over 500,000,000 potential customers. We will now focus on a realistic three-year goal of approximately 99,000 users around the world, which will result in many millions of dollars in sales revenue.

Management

Andrew F. Siska and Steven M. Bloome are long-time associates. Their unique synergy is what makes RQM Technologies successful. Steven M. Bloome, a veteran in Sales and Marketing Management, has more than 25 years experience successfully entering new markets, partnering other companies in win/win situations, and creating a national presence for companies. He is also a skilled entrepreneur when it comes to launching new product. Andrew F. Siska has over 20 years of experience as a Chief Electro Engineer. He is considered an expert in his field and has designed devices for military and medical imaging systems.

RQM Technologies will increase their sales by increasing sales to millions of dollars within two-years by focusing only on our strengths and on key customers.

1.1 Mission

RQM Technologies’ mission is to become the leading vendor of Personal Locator Devices worldwide. RQM Technologies will be the most trusted supplier of potentially lifesaving Personal Locator Devices by combining innovative technologies, minimization, affordability for end-users, programming capabilities and easy use.

1.2 Keys for Success

The keys to success in this business are:

Product quality and efficacy in real-life situations.
Use next-generation technology to improve on current systems and distinguish ourselves from our competitors.
Marketing is the process of identifying and removing barriers and channel problems, as well as resolving issues with advertising and promotion budgets that are preventing our target markets from entering.
Management: products delivered on-time, costs controlled, marketing budgets managed. There is a temptation to increase

Growth at the cost of profits. We will watch this temptation carefully to ensure that we are living up to our goals.

In order to control start-up costs more effectively, you need to maintain a controlled growth.

RQM Technologies requires start-up funds, partnership with value-added investor/partners to maintain these key elements. It also needs accomplished C.-Level management, product branding, increased reach into target markets and affiliation with the right channel partners. Competitive intelligence is required, as well as appropriate use of emerging technologies.

1.3 Objectives

RQM Technologies identified three types objectives that can be used to help the company achieve its ambitious but achievable goals. They are:

Business Objectives

To be the best vendor in the emerging Personal Locator Device Industry.
To reach profitability within one year of the company’s launch.
To develop additional profit centers like programming, training, seminars and ancillary items. Within the first two year.

Financial Objectives

In the second year, product sales will increase to several million dollars each.
Increase the gross margin and maintain it at a high level through the third year.
Improve inventory turnover on an ongoing basis, until “just-in-time” inventory is standard by the third year.

Marketing Objects

You can increase market penetration by focusing on targeted marketing.
Expand target markets with controlled growth.
RQM Technologies’#8217â€™ name and products can be brand-known.
Position ourselves as the leading Personal Locator Device company in the world.

Engineering Business Plan

Introduction

Compton Geotechnical Associates Inc., (CGA), will provide innovative solutions to geological engineering service throughout Maine.

CGA will expand its reach into the limited geographic area, where it can use its staffs’#8217 collective reputation to secure long-term contracts that are centered on cost efficiency and excellent service. We believe that our limited market can be served better than larger businesses and we offer better packages at a cheaper price than similar-sized competitors.

The Company

CGA will be a Delaware limited liability partnership for tax purposes. Its founder is Mr. Martin Compton, an ex-head of Wilson and Brown, Inc.’s engineering geology department. He has assembled a respected group of engineers, geologists, and graphic artists who have combined 35 years of industry experience.

The company does not plan on going public and has only limited private investors. The company has its main offices in Augusta, Maine. The facilities include a soil/rock and water testing lab, conference rooms and office spaces. The company will start offering its services from January 1, 2011.

The company’s major clients will include large construction companies as well local and state governments. By focusing our attention on institutions with special requirements, we believe we can better serve clients and produce a superior geo-engineering service that is more efficient than other firms.

The Services

CGA provides comprehensive geo-engineering services for our clients. Our services fall into two main categories of geotechnical engineering services and construction monitoring/laboratory testing.

These services include slope stability analysis, surface and groundwater evaluations, bluff analyses, laboratory analysis for soils, rocks, and groundwater as well as load testing and settlement analysis. Each project is customized to our client and its scope, length, depth, reach, and cost are unique.

The Market

This market is full of potential, especially because many potential customers are required to perform geotechnical surveys and monitoring prior to construction.

For the past twenty-years, the industry of geoengineering has experienced rapid growth. The industry has grown at an average rate of 22% per annum over the last five years, according to the Journal of Hydrology & Geoengineering. Each of the handful of well-known companies is made up of thousands and smaller consulting organizations. These companies range in size from multinational corporations with a strong brand to small local businesses that employ tens of thousands.

Financial considerations

Start-up assets required are [see Start-up table]. This includes expenses (see Start-up Table) and cash to support operations until revenues are acceptable. The majority of the company’s liabilities will be sourced from outside investors and management investment. However, we have [see Start-up Table] current borrowing from Bank of America Commercial Investments. The principal will be paid off within two years. Charter Bank of Augusta has a long-term mortgage of [see Start up Funding tableau] that will be paid off within ten year.

The company anticipates reaching profitability in the first year and doesn’t anticipate any cash flow problems. The average profitability per segment per month will be $8,000. This is our conservative estimate. We expect that about three projects per month will guarantee a break-even point.

1.1 Objectives

Compton Geotechnical Associates (CGA), has the following three year goals:

Breakeven in year two
At least four clients should be signed up for long-term agreements.
To establish long-term relationships, and to promote word-ofâ€“mouth marketing, you should aim for a minimum of 95% customer satisfaction.

1.2 Mission

CGA’s mission is to offer innovative geological engineering services, and to establish long-lasting relationships with clients. We provide excellent services in a timely manner and at a cost-effective price.

1.3 Keys to Success

These are the keys to CGA’#8217’s long-term survival, and profitability:

Create long-term contracts that demand constant monitoring or on-call services.

To maintain a close relationship with clients and to establish a long-lasting, productive relationship with them in order to generate repeat business.

Provide a complete service experience for clients that includes consultations, field work and laboratory work. We also offer in-house design and analysis. This allows us to monitor geo-hazards and provide follow-up monitoring.

business engineering plan

Scrapbooking Store Business Plan

The idea of keeping pictures in a scrapbook is not new. Unfortunately, acidic and wood byproducts in paper can damage photos. In recent years new technology in acid-free and lignin-free paper has revolutionized this method of preserving photographs and has made “scrap booking” even more popular as a hobby. Today’s scrap books are creative, colorful, decorated with everything imaginable, and really tell a story…your story. It is a fantastic way to preserve and showcase precious memories that may otherwise fade in the dusty boxes of photos under the mattress.

While scrapbooking is becoming a popular hobby, it can also cause frustration when supplies arenâ€™t available. Local craft stores who don’t specialize in the field may only carry limited inventory. Additionally, clerks in local craft stores may not have enough knowledge and experience to answer your questions or show you the different scrap book techniques.

It’s Scrappy! They will provide a wide selection of scrapbook supplies at reasonable prices. Owner and employees will aim to keep up to date with the latest scrap book products, tools, techniques and other information. This will allow them to become the go-to source for all things scrapbook related in their local community.

1. Keys to Success

Supply availability:Offering the customer supplies that are not available locally to make It&#8217’s Scrappy! their number one choice for all scrapbook supplies.

Prices It’s Scrappy! is competitive in pricing and will try to offer the best prices for the majority of scrap book categories in the area. We have developed a system to monitor the pricing of competitors and compare it with prices from our suppliers. This will be continually reviewed and updated to ensure we achieve our lowest possible price.
Classes: It’s Scrappy! will offer a wide range of classes to teach customers of all ages and skill levels in the art of scrap books. The staff will stay abreast of the newest scrap books techniques to help customers create memorable scrapbook pages that they can be proud of.
Page Design Customers who don’t have time to create scrapbooks can get help from It’s scrappy! provides one-on-one consultations that will allow them to design and produce their scrapbooks pages.
Our store can be found in a fast-growing neighborhood that will continue growing with more new businesses opening each day. It is centrally located and easy to access. There is ample parking.

1.2 Mission

The mission of It’s Scrappy! is to to create a pleasant, fun environment to help our customers create scrap books that will solidify their photo memories and preserve them for lifetimes to come.

1.3 Objectives

To focus on customer service, stock your store with items you can’t find anywhere else.

Our supplier’s prices and the price of competitor products will enable us to keep our prices somewhat lower than our competitors for most of our supplies, which will attract more customers to our shop.
By attending classes and subscribing, you can stay on top of the most recent trends and techniques within the scrap book world.

business scrapbooking store

E-Commerce Start-Up Business Plan

Opportunity

Problem

E-commerce is growing rapidly, and so do the returns processing needs of manufacturers and merchants. The average rate of returns for Internet-based companies is 9%. In the next year, returned merchandise amounted to $1.5 billion. Each transaction involves financial processing. Many require physical shipping, as well as processing the goods upon receipt. This can be a major hassle.

Solution

NoHassleReturn.com seeks to position itself in a strategic partnership with online merchants, web hosting companies and portals as well as shipping companies and online payment agent such as credit cards issuers. The strategy will offer reduced or free shipping for all returned merchandise because of demand aggregation. This will increase the acceptance of the strategy by consumers and result in more revenue for all participants. The proposed program is therefore a win-win solution to all parties involved. Additionally, the website and software architecture will be wireless-friendly. This will allow consumers to use the service from their mobile phones.

Market

E-commerce continues to grow and the amount spent online on goods and services is increasing. Online revenues increased by more than 300% in the past holiday season (20 November to 19 December) according to Shop.org. This was far beyond expectations and well above what Shop.org and Boston Consulting Group had expected. According to a study that included 30 retailers, the number of orders increased by 270% in categories such as apparel, books, music, specialty foods, electronics, and home and garden. According to the study, online sales are growing at 145% per year and online retailers’ revenues were projected to exceed $36 billion for 2013. An earlier study conducted by Ernst & Young, before the holiday frenzy, already estimated that total revenues for online retail and consumer products for the calendar year just completed were around $25-30 billion. Currently, the average rate of returns for Internet-based companies is 9%. The value of returned merchandise will reach $1.5 billion in the next year. This is a great opportunity.

Competition`

The company expects to compete with three types: Direct

Others will follow us if we are successful. Our most worrisome competition would be combining delivery and/or courier services, like something of this type owned or partnered with UPS or FEDEX.

Internal

The first competitors to the new service are the online retailers themselves. They are considered internal competitors because NoHassleReturn.com must form partnerships with retailers to provide its services.

NoHassleReturn.com will give retailers at least one selling opportunity while they are on the Web; something that a carrier partnership cannot offer. NoHassleReturn.com serves as a demand-aggregator, and can arrange the necessary agreements to provide consumers with reduced or even free shipping for all returned merchandise.

Channel

In reverse order to the paragraph above, service providers like Mail Boxes Etc. and PostNet may try to forge strategic partnerships with numerous online retailers to simplify the return process.

Why Us?

Our mission, to improve customer service and retention of online merchants as well as increase their sales, is to help them achieve their goals. We aim to enhance the image of online merchants and encourage online shopping growth. We do our best to improve customer satisfaction and the communication process between retailers with customers.

Expectations

Forecast

NoHassleReturn.com has a solid financial foundation that is both conservative and very promising. Once they are up and running and sign up some merchants as customers, NoHassleReturn.com will quickly gain momentum and generate impressive sales.

Financial Highlights per Year

Financing is Required

We need $50,000 in order to begin. Two owners will provide this amount to us, which we can use to begin $25,000 per person.

business e-commerce start-up

Machine Tooling Business Plan

Machine Tooling is a Kansas City, Kansas based company, whose mission is to be successful by effectively utilizing the philosophies of high quality, advanced techniques, and customer service.

Machine Tooling worked hard over the last two years to build its infrastructure, and to provide the systems necessary to manage a large amount of business. We have worked aggressively to construct walls, make electrical advancements, and other leasehold improvements to establish the business. A team of skilled employees has been assembled to assist with many tasks. These people are highly skilled and experienced.

The company has manufactured and designed automated systems and machines that are ready for the market. We have built strong relationships with our customers to complement this. We plan to continue to offer value-added services to customers and integrate the business vertically to support these improvements.

Machine Tooling has a management team with direct knowledge of the industry, extensive research experience, and unique administrative skills. The company’s management team is made up of people with broad backgrounds and experience in manufacturing, finance, and automation. The management staff consists of Mr. Peter Newton, CEO, Mr. John Abbot, president, and Mr. Chris Manuel, vice president of Marketing.

Projected revenues for Year 1 to Year 3 are $1.9 million, $4.1 million, and $5.3 million, respectively. Machine Tooling will continue to grow in a steady manner and attract more customers. It also plans to be in a better negotiating position. To provide the financial strength needed for the company to achieve its goals, Machine Tooling has decided to go public.

The company is currently seeking $500,000 to expand. These include:

Marketing of new product lines
Growth into new markets.
Additional equipment can be purchased

Machine Tooling’s sales potential will improve if the company goes public. It will be possible to reduce the company’s overall debt burden by removing it. Machine Tooling can enjoy a competitive advantage in comparison to other similar-sized firms that are not carrying debt. Machine Tooling is expected to be a stronger competitor in the manufacturing industry market due to its expansion and higher burden rate. Machine Tooling’s financial strength will enable it to create a wider range of customers, which will lead to increased sales revenue. This represents an opportunity for company growth.