University Of Management And Technology Information Technology Essay

University Of Management And Technology teaching Technology EssayThis pipeline plan describes a proposed venture to mise en scene up a company called pulverisation guard to lead individualistics and low-toned artes with a full range of computing machine and remunerationworking avails including hardw ar and package upraises, estimator hardw are repairs, debugging package product problems, dealing with network problems etc. plodding police pass on be initially owned by tail end Robbins. Depending on increment development, the company bequeath possibly join with Mary Singh and Nabil Quresh to rotate operations and to coverage in widen sphere of influence.The MarketMarket inquiry indicated the uncommitted niche commercialise able to be diligent by spare barteres of this kind of nature. The very nature of the computing industry with its tremendous rate of technological development creates a constant conduct for telephone linees practiced in updating and advising nodes on computer-related issues. Individual rest home PC users digest provide the majority of our vexation revenue income. Those descents impart typically incorporate of minor problem resolve and upgrade assists such(prenominal) as software installation, hardware upgrade or Operation system upgrade and advising them for changing positd. business enterprise hebdomad brooks the computing industry to grow at a rate of 12% and the central processor unit speeds to brood to expand for years to come, providing obvious re antecedent for sales. wonk police has indomi parry to focus mainly on the individual home PC commercialise for numerous kind of benefits. These home nodes generally ask the jobs done be quick, easier and less resource intensive then the contend small stock guest. In addition, this market tends to offer more flexibleness for service quantify digesting a more yieldive workday and can bedevil kick downstairs human resources arrangement.O ur tar look at market leave initially focus on the skirt areas. Market research indicated thither is an plenty of business for a small company such as US calculating machine helps, Computer Repair Chicago and Northern Computer Service, LLC. If we wishing exists for increased business, such promotional medium like TV, Internet or bulls eyeing advertising bequeath be explored to increase the citizen perception of drudgery guard. The next flavor will be noticeting up a branch in other state to cover widen area.There are many competitors for the computer upgrade business in the surrounding area. Therefore we expect to be able to attract the price-sensitive market without much work to get involved in the competitive market.Financial Considerations essential start-up expenses are modest. Since Nerd Patrol is a service business and non product oriented, in operation(p) cost should remain low through the start-up process.Fixed cost keep a bun in the oven been set at a reason ably accurate monthly level. This should allow for equipment bread and butter and purchase or replacement of basic parts apply in playing our services. Somehow hardware parts may require keeping inventory at our shop as well up. Variable costs have been set per unit to allow for additional expenses such as travel costs specific to each job.ObjectivesTo provide a computer related service to the rule that is in sufficient demand as to generate a profit.Maintain a strong take on customer base in individual and or small business to increase growth rate.Become a positive influence in the district in which we operate.MissionTo become a contributing unit of indian lodge while delivering a services and products of exceptional quality, honor and in a timely base. We will treat every customer as if they were our scarce customer. Providing the best services and suggestions to our customer.Keys to Success* Marketing and Networking being known to the public.* reactivity being an on-c all computer paramedic in fast response time.* timber service getting the job done right at the commencement time,offering 100% after service guarantee.* Relationships developing loyal and reduplicate customersretainers.* Experienced in SOHO operating system with Database management solution.* One turn back solution to individual home users and small business.Company compactNerd Patrol will initially be a sole proprietorship.The close will be to start the venture as inexpensively as possible with minimal outside financing.Nerd Patrol will be a home office start-up, utilizing one studio room in the owners home.Company OwnershipNerd Patrol will be initially owned by John Robbins as a sole proprietorship. mayhap later having Mary Singh and Nabil Quresh join the venture and expanding operations as well as clientele.Start-up Summary sum start-up expenses are modest. This composed of aroundly equipment costs along with a few dollars for research of consumer wants and desires and few pads of stationary. Exact allocations are shown on the adjacent table. Since this is a service business and not product oriented, operational costs should remain low through the start-up process.Start-upRequirementsStart-up ExpensesLegalUS$200Stationery etc.US$40BrochuresUS$40ConsultantsUS$0InsuranceUS$0RentUS$0Research and developmentUS$20Expensed equipmentUS$ cd juvenile(prenominal)US$0Total Start-up ExpensesUS$700Start-up Assets gold compulsoryUS$300Other Current AssetsUS$0 long-run AssetsUS$0Total AssetsUS$300Total RequirementsUS$1,000Start-up FundingStart-up Expenses to FundUS$700Start-up Assets to FundUS$300Total Funding RequiredUS$1,000AssetsNon-cash Assets from Start-upUS$0Cash Requirements from Start-upUS$300Additional Cash RaisedUS$0Cash Balance on Starting DateUS$300Total AssetsUS$300Liabilities and corkingLiabilitiesCurrent BorrowingUS$0Long-term LiabilitiesUS$0Accounts Payable (Outstanding Bills)US$0Other Current Liabilities (interest-free)US$0Total LiabilitiesU S$0Capital thinkned InvestmentInvestor 1US$1,000Investor 2US$0OtherUS$0Additional Investment RequirementUS$0Total Planned InvestmentUS$1,000Loss at Start-up (Start-up Expenses)(US$700)Total CapitalUS$300Total Capital and LiabilitiesUS$300Total FundingUS$1,0003. operateNerd Patrol will offer computer backing, repair, networking, upgrade and in addition software/hardware debug service to clients of two major categories, individual home PC users and small office users. These categories will define 90% of our operations.3.1 Service translationOur services can be obtained through direct hourly compensation, or if preferred or more applicable, through a contract home with pre-defined limits. Network setup will be define as job base and software implementation will be define to spud per function.3.2 Competitive ComparisonOur services are more intensive and accurate than any existing competition in the surrounding metro area. Since we have no excessive overhead we can be focused on de livering exactly what the customer wants, something other computer support providers in this area have a shock with. Also Nerd Patrol withal provide hardware and software debug service which others provider not yet have such service in these area.3.3 TechnologyNerd Patrol will operate in an environment with technology that is constantly developing. Keeping up to date will be of essential enormousness to the profitability of this venture. We will maintain working as well as functional knowledge of all the latest hardware and software available to the public. Our customers will receive the almost current versions of all software and hardware upgrades requested. Also providing suggestion to small company for the latest automated software system in order to save the operating cost.Market analysis SummaryNerd Patrol will provide computer support in both a consulting and technical capacity to individual home PC users and small business owners. Also Nerd Patrol will apply for Microsoft authorization to sell their product like Microsoft Dynamics which is a pre-defined ERP system which can be customize. Since Nerd Patrol is currently a one man operation it will be limited in growth to the capacity of work able to be completed. Personal market research indicated an available niche market able to be occupied by additional businesses of this nature. The very nature of the computing industry with its far-famed rate of technological development, creates a constant need for businesses skilled in updating and advising customers on computer-related issues.4.1 Market SegmentationThe existing computer service market is so spacious categorizing it is a rather difficult task. For our revenue-oriented purposes we will define the market into individual home PC users and small business customers. Individual home PC users will share the majority of our business revenue. These jobs will typically consist of minor repairing, upgrades services and advising. The small business market will be defined as customers with five or more computers or a network requiring services or maintenance. erstwhile(prenominal) including advice for SAP, MRP, ERP, CRM system and database management solution for our customers.4.2 Target Market Segment systemNerd Patrol has decided to focus mainly on the individual home PC market for many reasons. These home customers typically requests jobs that are in immediate, economy and less resource intensive then the opposing small business customers. In addition, this market tends to offer more tractability for service times allowing a more productive workday.4.2.1 Market askAs reported by ComputingNet magazine, there is a actual need for individuals capable of performing computer repairs, upgrading and Wi-Fi network setup in a timely and cost-effective manner in this region. Nerd Patrol is tell specifically at this niche market.4.2.2 Market Trends both(prenominal) the hardware and software side of the computer industry continue to turn out new and revised computer components at surprising rates. For Nerd Patrol this mode job security well into the rising since our aim is to providing such service to customer.4.2.3 Market GrowthAs reported by the Wall bridle-path Journal, there seems to be endlessly to the development of the computer market. Business Week expects the computing industry to grow at a rate of 12% and the central processor unit speeds to continue to expand for years to come.4.3 Service Business AnalysisSecondary market research shows computer service customers tend to be very loyal providers that perform work in speed and satisfy their needs. An analysis of Nerd Patrol main competitors shows no demonstrative strengths that would be significant barriers to possible success. Likewise, identifying competitors weaknesses has illuminated several areas that Nerd Patrol can target as marketing strategies like gang of the use of Office application for home users and Dynamics with database like MySQL and visionary for small businesses.4.3.1 Main CompetitorsThere are two main competitors for the computer upgrade business in this area.1. COMPUTER REPAIR CHICAGO . They are a well established provider of computer upgrades and services and also launching the Free over the phone estimate.2. US Computer Services. They provide low cost computer repair, network and training provider specializing in quality on-site service for small businesses and homes in metro area.Both of these companies charge higher rate then Nerd Patrol so we will be able to attract the price-sensitive market without much work. Our snatch main advantage is the accessibility of our services. The time conscientious customer will appreciate our speedy work.4.3.2 Competition and Buying PatternsAs previously mentioned, there had other computer service providers of in the same area. Our services will be second to no one and our prices will be contention bottom. By providing superior service word of mouth alone will bring in many new clients. The satisfaction our consumers find will keep them as our business.Strategy and Implementation SummaryA value proposition of timely and practical solutions to customer and at a probable charge coupled with a 100% after service guarantee.A competitive edge ground on breeding existing customer relationships and loyalty.Our target market will mainly focus on the surrounding areas. Market research indicated that there is large amount of business for a small company such as Nerd Patrol. If obvious need exists for increased business, such promotional mediums like TV, Internet, radio or print advertisement could be implements and distribute.5.1 Competitive EdgeOur competitive advantage will be our ability to speedy take in a request from a customer and complete the requested task in a short time. Typically we will strive for a 48-hour completion of most home PC user requests and slightly longer for small business obligations. In addition we will conduct our services at the outlet wage or slightly below. Setting marginal revenue at marginal cost until Nerd Patrol established a substantial customer base if not forever. With this strategy we can undercut most competitors and gain local market share. Also our team with fully cognizant on Microsoft and Oracle software products which other competitor does not have. We have the ability to crowd Microsoft and Oracle product to small business which involving another(prenominal) revenue income5.2 Value PropositionOur business will be unprejudiced and direct. Providing quality services at a reasonable price and taking care of the customers, for they are your business.5.3 Sales StrategyHappy customers will be a repeat customer is always true for a business. If the customer feels satisfied with our services, he or she will tell his/her friends and more business will come in the door.Sales forecast figures are based on industry figures for the typical growth of a consulting start-up and reflect repeat bus iness generated through meeting customer needs.5.3.1 Sales ForecastThe sales strategy is a prediction of slow with controllable growth rate. Since I am the sole employee at the beginning and I will be focusing on quality and attention to detail especially in the beginning to avoid some potential pitfalls encountered by new businesses. The predicted growth rate is very moderate in the individual home PC market and the small business arenas. This should allow for careful examination of variations in demand with regards to season or holidays and still allow enough flexibility to sufficiently compensate.5.4 MilestonesThe milestones listed in the table below, outlined the major events that will promote as well as insure the success of Nerd Patrol and keep it going concern well into the coming future.Management SummaryNerd Patrol is a sole proprietorship initially save Mary Singh and Nabil Quresh will be join together in the future and propose the management team as follow-John Robbins get across the daily home PC repairing and daily enquires.Mary Singh Co-ordinate with John for maintain service for individual and small business.Nabil Quresh Mainly act as the controlling of overall Nerd Patrol operation and scheduling. Also he will be able to take over the company delineate and keep track of all documentation.6.1 Personnel PlanThe following table shows my expected compensation. Since I am the sole employee and I am the however one on the books. I have decided to have my apply at present reflective of the businesses success. Additionally, I have decided to leave a residual amount of income with the company each month which intended to allow a means of adaptation or evolution of the business should parcel dictate expansion or the hiring of additional employees in the future.Financial PlanThe following sections include the annual estimates for the standard set of financial tables. elaborate monthly pro-forma tables are included in the appendix.7.1 Important As sumptionsNerd Patrol customer base would fluctuate if there was a recess in the economy or other extenuating circumstances that pertain directly to consumer or industry behavior.7.2 Break-even AnalysisFixed costs have been set at a reasonably accurate monthly level. This should allow for equipment maintenance and purchase or replacement of basic tools used in performing our services. Variable costs have been set per unit to allow for additional expenses such as travel costs specific to each job.7.3 communicate earnings and LossThe profit and loss shown for this company is a source of inspiration. For the first year of operation the books show a modest net profit. This should allow for great flexibility and survival in the start-up phase in case of unexpected problems or expenses. The profit margin declines incrementally in the following two years as greater payroll allocations are do which reflected the join of Mary and Nabil. These increased allocations will be contingent upon t he continue success of this going concern. Since this business is operated out of the home, expenses such as rent, utilities, and redress are sunk costs and not reflective of the business venture.7.4 intercommunicate Cash FlowThis information is presented in the chart and table below.7.5 project Balance tabloidThis information is presented in the table below.7.6 Business RatiosBusiness ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7379, Computer Related Services NEC, are shown for comparison.AppendixPersonal PlanGeneral AssumptionsPro forma Profit LossPro Forma Cash FlowPro forma Balance Sheet