972.814.3612
|  jennifer@jenniferherriage.com

Jennifer Raney Herriage

Your Rockwall REALTOR®

  • Home
  • Listings
    • Search Listings
    • Featured Listings
    • Video Walk-Throughs
  • Resources
    • Design for Real Estate Investors
    • Buyers
      • The Homebuying Process
      • Buying Tips
      • School Districts
        • Rockwall ISD
        • Sunnyvale ISD
        • Richardson ISD
      • Rockwall Foreclosures
      • List of Inspectors
      • What is a Title Commitment
      • Fiduciary Responsibility
      • Ready To Buy
    • Sellers
      • Seller Services
      • 4-Step Seller’s Guide
      • Pre-Listing Checklist
      • Cash For Houses
      • Ready to Sell
    • Preferred Vendors
    • Real Estate Partners
    • Lake Ray Hubbard Living
      • Lake Ray Hubbard Events
      • Rockwall Schools
      • Relocation
      • Jennifer’s Favorite Restaurants
    • About Jennifer
  • Blog
  • Contact

Inventory Control Software Business Plan

March 3, 2023 By JamesCall Leave a Comment


Inventory Control Software Business Plan


Royal&#8217, Software has begun an ambitious plan to develop a new product, Royal&#8217’s inventory basic–a scalable inventor software product. Pursuit Solutions will distribute the new product. It is due to launch in May.

Pursuit Solutions, a $50M company hardware integration reseller will distribute Royal&#8217s Inventory Basic to more than 1,100 Valued Added Resellers. The product will sell for $2,499. Royal&#8217’s Software will get $1,250 per unit. Pursuit Solutions is expected to sell 250 units in the sixth month. It is projected that Royal’s Software will gross $313,000 from sales the first year.

Support and product modifications will play a crucial role in software sales. Royal&#8217’s Software expects to make $63,200 in product modifications by the end of six month.

Royal&#8217s Software has also entered into a business deal with Pursuit Solutions and Johnson and Roe to create a MAS90 data collection interface that can be sold to accounting firms. This software product is in development for the past ten month.

John Royal, Dan Whiteaker and other key players in the product development process. MAS 90 will not be sold as a single product. It will come with software customization ($2,000-$3,000), which Royal&#8217s Software will provide. This software product can be purchased for $2,500

Royal&#8217’s Software will be paid 1/3 of gross sales ($833). It is projected that Royal’s Software will gross $500,500 by May of next year from product sales and customization services.

The two co-owners of Royal’s Software, John Royal and Dan Whiteaker, will each invest $50,000. In addition, the company will get a $100,000 short-term credit.

1.1 Objectives

Royal&#8217s Software aims to achieve the following:

  • Establish the company as a leader in inventory software products.
  • Increase sales by 20% every year
  • Each year, create one new product in your inventory.

1.2 Mission

Royal&#8217’s Software has one mission: to develop inventory software that is affordable and scalable so customers can easily modify it.

1.3 Keys for Success

Productivity and ability to deliver products that meet user specifications and needs on time.


  • digg Digg this post
  • facebook Recommend on Facebook
  • linkedin Share on Linkedin
  • twitter Tweet about it
  • rss Subscribe to the comments on this post

Filed Under: Businnes Plan Tagged With: control, inventory, software

FIND YOUR HOME

Click here to search property listings.

Mortgage Calculator

$
  %
  yrs
  %
$

Testimonials

“I have both bought and sold properties from Jennifer and I can highly recommend her without any reservation.  She is uniquely qualified due to her vast experience in not only the marketing of homes but also all aspects of ownership.  The result is a professional that adds value to the client beyond the associated cost of representation.” 
- Dean Lontos

DISCLOSURES

Texas Real Estate Commission Information About Brokerage Service

Texas Real Estate Commission Consumer Notice

About Jennifer

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...

© Jennifer Raney Herriage 2017

· Move-in Ready Theme

Website by Hooked On Code

  • follow:follow:
  • Become my Fan Become my Fan
  • Connect with me Connect with me
  • RSS RSS
  • Tweet with me Tweet with me
  • Subscribe to my YouTube Channel Subscribe to my YouTube Channel