Buisiness Analysis Example

Buisiness Analysis Example Buisiness Analysis â€" Assignment Example > Summary of the Business PlansRQM TechnologiesThis business is set to engage directly in the personal tracking devices field given that the sector’s market is set to contribute to at least $22B in the coming 5 or so years. It seeks to build up and thereafter distribute such product as personal locator devices. The development of the product will first be sub-contracted and thereafter; conducted and in-house manufacturing as the company focuses on development of supporting software and systems. The market for this product is diversified enough to include family-based consumption to channels sales and military as well as political class. The company is privately-owned and is set to be located in Bolingbrook, IL Western parts of Chicago. It is ascertained that the first few months of the start-up will entirely focus on establishing offices as well as building up on its system designs and minimal marketing campaigns. In addition to selling its personal locator devices, the company is also seeking to expand its revenue streams by incorporating a service that would include; facilitating training classes; seminars and on-site programming as well as provate labelling services. In its first few years of operations, RQM seeks to only hire a minimum of three and maximum of five employees as increase in the numbers depend highly on the possibility of future sales growth. Presently, the firm is focused on availing an investment offer to another person that would not only contribute financial attributes but also, ensure to also be knowledgeable in matters related to legal, international and financial matters that the current owners lack thereof. Its projected profits are expected to commence at $100,000 in year 1 and escalate to $1M in the third year. J. H Reid CorporationThe company falls under the S Corporation category and was incorporated in Illinois for purposes of manufacturing and thereby marketing a distinctive line of chair products known as The Chicago Lounge . The company’s mission rests with being a profitable producer of innovative chairs and thereby avail chances for profitable work within the city as a whole. The firm seeks to sustain a nimble production process that would assist in maintaining capital requirements at the very minimal levels in such a way that it would foster a break-even point of 600 units. It has thus far attained more achievements that include securing of five patents while more are still in processing model. Certainly, it has secured a licensing agreement that has also provided a clause for immediate royalties for each of the chair sold. The target market is set to involve healthy young adults that fall in the age between 18 and 45 whose current population estimate stand at 111M in the US alone. It expects to make sales revenue amounting to $1.02M in the first year of introduction and later; $4.5M in the third year with 30,000 units sold. The business plan identifies that the firm will face indirect competit ion from such companies as La-Z-Boy as well as other well-known companies that engage in the production of reclining chairs. Under the investment offering section, the plan indicates that the company is proposing a 15% of the overall common stock of the company to a maximum of two investors for at least $275,000.