04 Mar Database Software Business Plan
This plan provides detailed investor information and includes the basic strategic business plan information necessary for initial establishment and operation of JTB Integrated Technologies. JTB’s Integrated Technologies Division, a subsidiary of JTB Technologies, Inc., a company holding, is a subcorporation. JTB Industrial Sales and JTB Products and Services comprise the two other divisions. The three divisions will be closely integrated and share common staff. However, the following plan outlines the Integrated Technologies Division.
JTB Integrated Technologies, Inc., which will be incorporated in February, will have its principal location in Richfield, Louisiana, and is a corporation subject to the laws in the commonwealth.
JTB’â€™s Integrated Technologies Division can develop and support a complete range of P.C. based enterprise software applications. JTB will also create and support ad supported Internet marketplaces, online magazines as well as custom-developed commercial websites. These applications will be developed using JTB’'s Industrial Sales and Industrial Products Divisions.
Managers have been working as vendors for the past twenty years in these businesses and have seen a need to help businesses with their product presentations and internal customer management. The majority of businesses in this industry use different software and databases for managing internal vendor information and external customer request 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. Integration with the system gives businesses the opportunity to offer other partners products or services. They also have the possibility of taking part in larger contracts. These businesses have high-end servers and software that allows them to easily expand the inventory and order tracking of larger clients. This will allow them to fill in any gaps left by larger system contracts. JTB's Integrated Technologies Division, which will provide support for the business applications, will serve as a base partner.
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.
JTB Integrated Technologies, Inc., based upon the current market prices for Industrial Marketing Products and Services, could make $220,000 in sales within its first 18 months of operation. A revenue growth rate of nearly 30% annually is possible with good management. The projected ratios at Fiscal Year 3 are solid.
Each investor will receive equity based on their investment. You can find a more detailed discussion on Ratios in the Financial Plan section. We expect that the business will be profitable within 48 months and be able to repay its initial investors.
JTB Integrated Technologies has two primary goals: to develop and support.
- Software for vendor relations and inventory sharing.
- Purchasing and order management technology systems.
- Technology systems that enable job costing and management of quotations.
- Website-based Ecommerce sites and systems.
- LAN and WAN based sales, marketing, engineering Intranet systems.
After we have developed these products, our company will test them and then sell the technology and the necessary support services.
Success keys 1.2
JTB will only develop and support the best quality products and marketing services. With this as our primary mission, we will embed our products and services into the metalworking, and manufacturing marketplace. Our software products are a valuable resource for both procurement and engineered sales. Our clients can expect long-term growth and positive results when they combine our Internet-based marketing websites with customer management tools.
JTB's Products and Services Division will be used as a test bed and model for our P.C.-based software for business development. JTB will offer the mid-sized corporate market new and innovative ways to manage customer and vendor transactions, job costing, project management, and online marketing. This will result in continuous savings for users of our products and service.