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Sports Equipment Rental Business Plan

March 3, 2023 By JamesCall Leave a Comment


Sports Equipment Rental Business Plan


Velocipede/Snowpede Borrow Bank (VS), a Eugene rental company specializing on snowshoes, is based in Oregon. VS will offer rental of tandem, mountain, or road bikes as well as a variety size snowshoes. Bicycles will be the primary source of revenue from April through November. When the Willamette Valley gets its rains and snowfalls upon the Cascade Mountains in November, snowshoes will be the primary revenue source. Velocipede/Snowpede will provide customers with a detailed map/trip log for both snowshoes or bicycles. The customer will be able follow the trail and find amazing hiking and biking routes. Eugene is a good place to do these kinds of activities due to its enthusiastic cycling population and proximity the Cascade Mt. range.

Eugene has a few rental stores for snowshoes or bicycles. However, their primary line is retail. Renting can be an additional distraction. VS will continue to grow market share through their outstanding customer service. They will become profitable in nine months and generate $150,000 annually in revenue.

1.1 Objectives

The following objectives are set for the initial three years of operation

  • To create a service-based organization whose primary goal it to exceed customer’s expectations.
  • To increase the number or clients served by 20% per annum through superior performance.
  • To establish a viable start-up company that is able to survive off its own cash flow.

1.2 Mission

Velocipede/Snowpede Borrow Bank’s mission? To provide customers with snowshoe and bike rentals as well a suggestion of journeys. We are here to maintain and attract customers. When we adhere to this maxim, everything else will fall into place. Our services will meet or exceed customer expectations.


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Filed Under: Businnes Plan Tagged With: equipment, rental, sports

Medical Equipment Developer Business Plan

March 3, 2023 By JamesCall Leave a Comment


Medical Equipment Developer Business Plan


Medquip, Inc., is a medical technology company that designs, patents, and markets medical devices in the endoscopic surgical niche market. Three devices have already been designed with the participation of leading physicians and surgeons in gastroenterology. Initial incorporation of seven patents is planned. The company projects $16 million in sales in year three. The company expects to have $50 million in revenue by year five. Patent applications for its first three market entries were already made using a leading patent law firm.

Each market segment is clearly defined and subject to high growth trends. In the next three-years, one market will surpass $160 million. That is the endoscopic variceal ligation market. Medquip’s founder participated in the development of the market leader in this field. He has made significant improvements to the product. Another market addresses a clear and unmet need for endoscopic surgery. It is the clearing of fundal pool of blood and tissue while performing surgical procedures. To address the surgeons’ needs, a new and innovative design was created.

This market should begin at $20 million but could expand to several hundred million as soon as approvals are obtained for many varied surgical procedures. Medquip plans on licensing the technology to a greater company. The company matures by year three. The company could be profitable in the first year if it can close a proposed licensing arrangement.

Mission

The mission of Medquip, Inc. is to design, develop, and market new patented technologies in the medical device field. These technologies will each fill a market segment that is worth at least $20 million in potential sales. Each technology will fill a current need in medical procedure by improving upon an existing technology or device, or by designing a device to serve a need that is clearly defined and acknowledged by medical professionals. Each product shall be priced to appeal to a managed-care market that stresses lowest cost of total treatment parameters.

Keys to Success

Medquip, Inc. is a company that has succeeded because of the following:

  1. Initial capitalization obtained.
  2. All patent applications were filed.
  3. The ability to generate early revenue from non-regulated markets in Europe.
  4. Licensing at most one technology and applying to major medical device corporations
  5. You can obtain low-interest loans and grants to fully fund product design and prototype production.
  6. Recruiting top-notch leaders before second round financing.
  7. FDA approves Visi-Band with a 510k, allowing it to be sold in the U.S.
  8. The successful implementation of the sales and marketing plan to U.S. managed services market to get a minimum 10% share in the second calendar year to generate $16,000,000 in revenue
  9. In five years, the company will have a $50 million turnover. This is due to increased product development and market share gains.

Objectives

The principal objectives of Medquip, Inc. are as follows:

  1. By year three, to achieve a 10% market penetration on the market for endoscopic variceal-ligation.
  2. To achieve $16 million in revenue by year three.
  3. To raise $1 Million in private seed capital in six months.
  4. To obtain low interest loans from Puerto Rico and grants of $1.2 million each year.
  5. To license its technology for the obliteration/suction/irrigation market for $1 million dollars in year one.


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Filed Under: Businnes Plan Tagged With: developer, equipment, Medical

Eye Surgery Equipment Maker Business Plan

March 3, 2023 By JamesCall Leave a Comment


Eye Surgery Equipment Maker Business Plan


This business plan has been developed to present NovOculi, Inc. to prospective investors and to assist in raising equity capital needed to begin production and to continue research and development of its patented products.

The Company

NovOculi, Inc., a start-up company, has developed and plans to market ophthalmological surgical instruments and techniques. NovOculi&#8217’s principals are highly experienced in laser and nonlaser-based refractive treatment techniques. This experience has led to the development and testing of a novel method of incisionless, non-invasive refractive correction that is called NICS.

Current refractive techniques, including LASIK, PRK, and Intacs, all require destruction of at least a portion of the protective epithelial layer overlying the cornea of the eye and are accompanied by complications resulting from this loss of protection. The principals have developed a method involving iontophoresis, an ionic dye and a wavelength-specific laser to accomplish effective refraction without the troublesome destruction of epithelium.

Using NICS, NovOculi plans to take advantage of the opportunities for market development and penetration in the field of laser refraction in which demand is nearly doubling each year.

Based on the detailed financial projections prepared by the company’s management, it is estimated that equity investment is required to begin the company’s operations successfully. Funds will be used to produce, test and market NICS, as well as provide initial working capital for the first two years.

Market Potential

There is a large market for laser refractive surgeries. There are approximately 54% refractive mistakes in the U.S. (162,000,000), and approximately 90% of them can be corrected with current techniques or ones on the horizon according to Federal Air Surgeon’s Medical Bulletin. Two years ago, 900,000. Americans had LASIK. This is the most popular laser correction procedure. This is only 0.6% of the market. The remaining 99.4% are still untapped. (&#8220/Bye-Bye glasses, EyeCare Online). The demand for laser refractive surgeries is increasing at an average of twice a year (&#8220/Bye-Bye glasses,&#8221/EyeCare Business Online ).

The company has contacted nine of the leading ophthalmological medical institutions in the U.S. Seven of the nine have expressed their interest in joining collaborative research. Given encouraging research results, NICS will be commercially available once it is made available. John Hopkins University, Harvard University, Stanford University, Oregon Health Sciences University, Duke University and University of California at San Francisco are some of the institutions interested.

NovOculi’s principals also conducted a preliminary survey of the Durham, NC grocery store. A random selection of fifty consumers with refractive issues was made outside of a local grocery store and they were asked the following questions. A copy of the survey and a summary of its findings may be found in the Market Survey topic.

Technology

The principals invented and patent NICS, a revolutionary technique that allows for incisionless refractive correction. The patented method involves injecting an ionic drug from its patented polymeric container into the cornea of the patient with the patented iontophoretic (a device which creates a charge that repels or attracts others charges). Once the ionic solution has been successfully introduced into the cornea, it is removed from sensitive structures. A laser tuned to its wavelength is used to alter the cornea’s shape. It works similarly to current laser refractive protocols. After the procedure has been completed, the iontophoretic devices is reapplied. This time the dye is applied with oppositepolarity. Through the use of the patented device and technique, the ophthalmologist performing the procedure will be able to avoid the most troublesome and complication-ridden aspect of current laser refraction surgery: the corneal incision. Over 90% of all complications of current laser refraction surgery are related to difficulties associated with the incision and the subsequent healing process, virtually all of which could be avoided with NovOculi’s technology.

Strategy A key component of NovOculi&#8217’s strategy to market its technology is to both those performing the procedure and those to whom it will be performed. After the publicity and research data are collected, the sales force will assist in encouraging the initial investment in laser and equipment for the procedure. The demand pull for components will be generated by institutions through direct marketing to patients.

The sales team starts with six experienced salespeople and grows to forty-four by Year 5. To promote laser technology to surgeons and patients, the sales team will collaborate closely to laser manufacturers.

Six U.S. locations will offer NICS training to ophthalmologists: San Francisco (Boston), Atlanta, Philadelphia and Kansas City. Durham, NC is the sixth. Each site will be able to offer training sessions in depth led by a prominent surgeon in ophthalmology.

The procedure can be performed by anyone who is willing to pay a premium to provide patients with this advanced technology. NovOculi will extract approximately half of the nearly $1,000 premium through licensing fees associated with its patented procedure and sales of the individual components.

Regulative Issues

The FDA approval is not required for this product to be widely used, as it did with LASIK. As of two years ago, LASIK was performed on more than 900,000 patients, without FDA approval (Current trends in refractive eye surgery, 128th Annual meeting of APHA).

This was made possible due to the fact that the “FDA does not approve procedures, only the equipment used in them” (“Eye centers set their sights on LASIK surgery growth,” Houston Business Journal, July 16) and the components of the procedure have already been approved by the FDA for medical use. NovOculi will not need to obtain approval to market their patented technique and devices due to the fact that the FDA has approved similar devices for medical use in the following arenas: 1) The 440 nm laser has been approved for dermatologic uses. 2) Iontophoretics devices have been approved to deliver drugs on the epidermis. 3) Polymeric contact lenses were approved. They can be used as an external aid to refractive error.

Major Milestones

Here are some key milestones during the startup period.

  • Completion of strategic plan nine months before start date.
  • Requests for grants of research must be made at least seven weeks before the starting date.
  • All patents, domestic and foreign, applied for by six months before starting date.
  • Start-up capital raised by starting date.
  • All other first-year milestones have been completed according to the business plans.

Competitive Advantage

NovOculi’s protected, proprietary position makes it uniquely positioned to capitalize on this market opportunity. The U.S. has granted three patents to NovOculi: the first protecting the reversible instrument for iontophoretics, the second protecting NICS techniques, and the last protecting the unique vehicle used for the ionic color.

The principals have spent considerable time developing and researching the current products to satisfy market demand for a simpler, more safe laser refraction correction procedure.

Financial Summary

Based on detailed financial projections the company should be able to operate profitably in Year 4. Below is a summary chart of the projected financial information.

1.1 Mission

Provide innovative designs for the treatment and prevention of ophthalmologic diseases.

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Filed Under: Businnes Plan Tagged With: equipment, maker, surgery

Medical Equipment – Supplies Business Plan

March 3, 2023 By JamesCall Leave a Comment


Medical Equipment - Supplies Business Plan


This business plan will help present our company’s brand to potential employers, suppliers, and investors. Zenergy Medical Industries, a start-up company, is initially focused on distribution of the most trusted therapeutic systems for residents of Homecare and assisted living facilities that are susceptible to complications from X. After building a market share in this product area, we plan to expand to offer additional products for managing and treating complications of the condition.

The market is currently being served inconsistently and poorly by a few local pharmacies. We will have a network of regional and eventually national clinical sales professionals. This will make us the preferred partner for large, geographically distributed Homecare or Assisted Living (A.L.). Potential suppliers will find us attractive.

Potential Market

The two major market opportunities are “at risk” residents with the disease in Homecare and Assisted Living. With a potential revenue of $59.6m, there are 345,784 Homecare risk residents and 66,671 Assisted living at risk residents.

Competitive Advantage

All players on this market have access to our product technology. We will distinguish ourselves through our distribution strategy, channels, and extensive product lines. This makes working with us extremely easy. We are uniquely positioned to gain market share in this segment due to our corporate account relationships, our ability to build a regional (ultimately national) field clinical sales team quickly, and our ability to create compelling marketing programs. This market is not being dominated by large, local distributors or pharmacists.


Strategy

  1. Using relationships with decision makers at major homecare chains to gain unique access to sell into their facilities. This will enable us provide “pre-qualified” sales opportunities for our field-based clinical selling team.
  2. Effectively building a national clinical sales team capable to build strong relationships with facility decision makers.
  3. We create marketing strategies to position ourselves to be leaders in providing solutions for clinical problems.
  4. A unique mix of top suppliers will be used to gain distribution relationships and create a range of product solutions that address the many complications of the disease. We will provide a reliable channel of distribution for suppliers to help them penetrate the post-acute markets.

The therapeutic system will be used to enter the market and grow our company. We will then add complementary products to manage the complications of the disease. Then, we will offer other products that help with managing heart disease and aging.

Financial Summary

The owners will invest personal savings in the business. To increase the cash flow from initial sales in the first calendar year, we are looking to obtain short-term (3 Year) loans. We anticipate a first year net profit. This should continue to grow by year three. By the end of year three, Zenergy Medical Industries will have a very respectable net worth.

Objectives

  • To reach the sales growth targets for month six and end of year 1. In year two, aggressive gains in market share as well as average monthly revenues.
  • To increase the field clinical sales team from seven to eight field sales reps in month eight to 25, and then to 25 by year three.
  • To increase net profit in year one and to reduce costs while still meeting sales goals in year two.
  • Vice Presidents to be paid a regular salary in the second year.
  • To maintain 90 day customer satisfaction survey results (% who would definitely repurchase and definitely recommend us) at 98% or higher.

Mission

We offer post-acute treatment facilities with product solutions that can help with complications of X-related diseases. These conditions can cause severe pain and suffering for patients.

Keys for Success

  1. We offer a comprehensive line of innovative, top quality products.
  2. We provided unparalleled clinical support to acute facilities at the regional (national) levels.
  3. We have close relationships with key decision makers in top post acute chains, and with key administrators and clinicians at the facility level.
  4. We are exceptional at communicating the value and benefits of our products, solutions, and brand in a strong, memorable and clear way.
  5. We have an organization with a unique spirit that makes people eager to join us or do business with us. When people join us, it’s hard to imagine working anywhere else.

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Filed Under: Businnes Plan Tagged With: equipment, Medical, supplies

Sports Equipment Retail Business Plan

March 3, 2023 By JamesCall Leave a Comment


Sports Equipment Retail Business Plan


Keith’s Sporting Goods (KSG) will be in the business of selling athletic equipment to people at every fitness level, from aspiring college athletes to weekend warriors. With our knowledgeable staff we will provide an environment where everyone feels comfortable coming in and asking for training advice and discussing equipment needs.

KSG, based in Eugene wants to be a well-known sporting goods store. An exact location has yet to be set, but owners are avidly searching for a high foot traffic location. We would prefer to be located in central Eugene. This is where most people can walk a few blocks to get to our store.

We fully anticipate that our business will expand quickly. Although many businesses start with the same assumptions, KSG has the potential to grow quickly. The first month’s sales are expected to be modest, but they will increase by 2% each subsequent month with a 12% growth rate for the first year. This assumption seems reasonable given the fact, that the wholesale of sporting goods is growing at an 11.5% annual pace.

Keith’s Sporting Goods will file as an S Corporation, where owners will be protected against various forms of liability. We will primarily finance our business with debt through local banks and the Small Business Association (SBA) in the initial stages. We estimate that 60% of debt will be needed. Owners and operators will then invest the rest.

Depending on how the financing is handled, we anticipate that the store will be open by January 2020 and that the store will generate strong profits by the end.

1.1 Objectives

The store’s main goals are:

  1. Reputation. KSG will be recognized in Eugene as a fitness and sporting goods store.
  2. To make a profit within the first year.
  3. From years 1 and 2, achieve a 15% annual sales growth rate, and thereafter maintain a maximum 11.5% growth rate.
  4. Keep a constant gross margin at 40% Sales will grow faster when we can accomplish this feat and keep costs stable.

1.2 Mission

KSG strives towards building long-term partnerships with our customers, employees and suppliers. The store management will always emphasize the importance and value of community service, community service, education, and working within the community. The store management believes it is vital to give back the community that supports us, and to foster an environment where our employees can improve.


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Filed Under: Businnes Plan Tagged With: equipment, retail, sports

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Unlike many who get into the field, real estate has been the only career for Jennifer Raney Herriage, who has excelled in serving clients for over 20 years.  Having grown up in a real estate family, Jennifer was first inspired by her mother, a broker … Read more...

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