Database Software Business Plan – Project Topics for Student
Executive Summary
This plan provides detailed investor information and includes the basic strategic business plan information necessary for the initial establishment and operation of JTB Integrated Technologies. JTB’s Integrated Technologies Division is a sub-corporation of the larger JTB Technologies, Inc., a holding company.
The other two divisions are JTB Industrial Sales, and JTB Products and Services. While all three divisions will work closely together, and share some common staff, the following plan outlines all aspects of the Integrated Technologies Division only.
JTB Integrated Technologies, Inc. will be formed in February with its primary location in Richfield, Louisiana as a corporation under the laws of the commonwealth of Louisiana.
JTB’s Integrated Technologies Division will develop and support a full line of P.C.-based business software applications. Additionally, JTB will develop and support ad-based Internet marketplaces, online magazines, custom-developed commercial websites, and other hosted business products tailored to the Industrial marketplace.
The Integrated Technologies Division will develop these applications using JTB’s Industrial Sales and Industrial Products Divisions as a test bed and as a marketing referral for live product demonstration.
The managers have worked for the last twenty years as vendors in these businesses, and have seen a niche in helping businesses with their product presentations, internal customer management, and external job costing.
Businesses in this industry are all currently using different software and databases to handle internal vendor information resources and external customer RFQ management. When our products are installed, their pre-sales and order processing will be available online, and function as they did internally without interruption, allowing the businesses utilizing the applications to extend their services and products into new markets, through our distributor partners.
Businesses integrated into the system can now offer the other partners products and services to increase their own business revenues, and possibilities of participating in larger contracts, as is the case with many larger corporations providing EDI (electronic data interchange).
With high-end software and servers in place, these businesses can easily extend larger clients’ inventory, order tracking, and engineering information, filling in the gaps left by larger systems contracts. JTB’s Integrated Technologies Division will be a base partner in the network, providing support of the business applications.
The management team responsible for overseeing product design, development, integration, and company management of the daily operations are Mitchell R. Jeremy, and Rachel Jeremy. In addition, a team-oriented and customer-focused staff of 3 will support the management team, and in-house developers will create and maintain our software applications and websites.
JTB Integrated Technologies, Inc. will retain the services of a CPA firm to perform professional company audits, prepare taxes and payroll, and serve as a business consultant to assist in setting achievable long-range strategic goals.
Based on the current prices in the Industrial Marketing Products and Services market, JTB Integrated Technologies, Inc. has the potential of making sales of $220,000 within the first eighteen months of operation. With good management, a revenue growth averaging nearly 30% percent annually is expected. The projected ratios at the end of Fiscal Year 3 are quite solid.
The equity for each investor will be based on his or her investment. An in-depth look at Ratios can be found in the Financial Plan section. We anticipate that within 48 months, the business will be at a level to attract further investment, and will be able to pay out its initial investors.
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1.1 Objectives
The primary objectives of JTB Integrated Technologies are to develop and support:
Vendor relations software and inventory sharing technology systems. Purchasing and order management technology systems. Job costing and quotation management technology systems. Web-based E-marketing sites and systems. LAN and WAN based sales, marketing, engineering Intranet systems.
After developing these products, we will bring these applications into the market using our business as the test bed proving their worth, and then resell this technology and its required support services.
1.2 Keys to Success Seasoned management with over twenty-five years of business experience in servicing the Industrial Distribution and Tool industries as a service provider and a manufacturer. Focused and well-defined long range goals for longevity, to allow flexibility and growth.
Strong marketing goals with niche products and services, targeted services and products delivered with unique marketing approaches. Very low internal development costs at startup. Previous base of quality external support vendors available to build on, with over twenty years of industry contacts.1.3 Mission
JTB will develop and support only the highest quality marketing services and products. With this as our primary mission, we will embed our products and services into the metalworking, and manufacturing marketplace.
Our software products will be a valuable resource as both a procurement product and an engineered sales resource. Combined with our quality Internet-based marketing websites and customer management tools, our clients can expect positive results and long term growth.
Using JTB’s Products and Services Division as a model and test bed for our P.C.-based business development software, JTB will provide the mid-sized corporate market with new and exciting ways to cost effectively manage external vendor and customer transactions, online marketing, job costing, purchasing , and project management yielding continual savings for the users of our products and services.
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Database Software Business Plan – Project Topics for Student
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