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I.D. Verification Technology Business Plan

March 3, 2023 By JamesCall Leave a Comment


I.D. Verification Technology Business Plan


Bionex, Inc., a biometric security firm, provides solutions to credit fraud and identity theft. Bionex, Inc. differentiates itself by using our (patent pending) Exigency Process. This method uses a unique algorithm to process and express the details of a finger, instead of matching it with a stored image in an existing database. This process will eliminate storage of millions of individual fingerprints on databases, lower operating costs, and maximize efficiency across the entire system. Our process will facilitate secure virtual transactions by integrating biometric security into existing systems.

Our technology has a huge market potential and is expected to continue growing rapidly. The biometric identification market is projected to exceed $4.04 billion within two years for several reasons. Over $47 billion was spent last year by the banks and government on credit and identity theft. Biometric devices will be more needed in the Healthcare and Transportation industries due to new legislation and security concerns that are being attributed to terrorists. Bionex will offer a range of biometric options to enhance our Exigency Process and increase biometric security and accuracy in any environment.

Biometric access Corporation (BAC), Bio Pay Identix Pay by Touch and Touch Credit are potential rivals. Infineon, Bioconx, and Infineon were recent ex-competitors in this market. Their failures were mainly due to their dependence on the image enrollment systems. Bionex, Inc. holds several key competitive advantages, including:

  1. Our solutions do not require any system or application modifications, and can be seamlessly integrated into any existing platform.
  2. Our products protect user privacy and eliminate the need for a government or corporate-based database system.
  3. Our technology can integrate into OEM systems and products.

The marketing plan for Bionex is designed to attract new customers and capture new markets. Through strategic contacts, we will get positive national exposure through Wired Magazine and Business Week Magazine. We also receive positive national system reviews from ZDNET, CNET, as well ZDNET and CNET. Bionex seeks to attract bank and financial licensing agreements by providing complimentary testing, upgrades and the POS system. Bionex has valuable connections with J&R Computer, BestBuy, CompUSA, and J&R Computer to help it initiate retail distribution agreements.

Our management team has extensive experience with technology development, marketing, finance, and customer service. Senior executives are experts in fraud control, transaction handling, and POS payments systems. Finance Major, who is highly experienced in the financial and biometric services sectors, runs our company. He is a proven entrepreneur. He is joined by a team comprised of veterans from almost all areas of technology and financial.

The company is expecting to see huge sales and a big net profit in year 3. Bionex anticipates quadrupling sales and hugex4 in revenue for year five. Bionex is likely to be profitable in year one, assuming there are no problems regarding credit card licensing agreements and retail distribution contract.

Bionex Inc. will be able to make, before plan, capital investments over the next six months in order to achieve operational improvements that scale to support expected growth.

1.1 Mission

Bionex, Inc. focuses on providing our customers with exceptional security and reliability. The following are three areas that our security solutions cover in data security

  • Protection Bionex’s security systems only allow users to be identified by their fingerprints alone. Our Exigency Process prevents data loss or theft.
  • Privacy – Our Exigency Process converts fingerprints into complex mathematical algorithms which exist only for fractions of a second.
  • Flexibility We have solutions that can work over any combination of network and system infrastructures. This allows seamless integration with existing systems.

Success keys 1.2

  1. All patent applications complete and approved.
  2. Obtain initial private investment capital to fully fund start up development and prototype manufacture.
  3. For a financial institution, government branch or other organization, you can receive an implementation contract.

  • Steady Research and Development funding to ensure a wide and varied product range.
  • Emphasis on marketing campaigns, in order to reach untapped markets, and new customers.
  • 1.3 Objectives

    1. Receive capital injections within the first year.
    2. Huge sales in the third year.
    3. BioXert verification system widely used transactional tokens by the year five.
    4. To make the BioVert device the number one selling biometric device by year five.
    5. To expand internationally, license and distribute products and services worldwide by year six.

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    Filed Under: Businnes Plan Tagged With: business, technology, verification

    Technology Investment Business Plan

    March 3, 2023 By JamesCall Leave a Comment


    Technology Investment Business Plan


    The Center for Technology and Investment (“CTI”) is a company dedicated towards bringing technology investment to small rural businesses. It was established on the basis of the evidence that many rural small business owners are in desperate need of technical consulting and experience. However they do not have the financial resources to hire large multinational corporations to do the work.

    Through innovative funding sources, including grants and charitable contributions made by the owner’s company and by individuals who are interested in helping rural Oregon develop economically, CTI will become an innovative new force in rural Oregon.

    CTI’s management team includes Bill Franklin. Bill Franklin, who has worked in Silicon Valley for more than 35 years, is an Electrical Engineer and the founder of Stanford Research Institute. Franklin is a world-renowned expert in technological advancement. He has been the owner of several businesses throughout his life, including two that were sold for profit.

    CTI&#8217’s services can be found in many places outside of Oregon. It is possible that the business will expand further into rural West if it grows. There are over 45,000 rural “mom and pop” businesses operating in the Western United States, and of these, a high percentage have little or no experience with high technology and know very little about seeking alternative funding sources.

    This investment business plan serves two purposes: to formalize the business strategy and to show that CTI is a worthwhile investment for a $10,000 line of credit from X bank. This open line of credit is designed to begin with a loan of $10,000, and to help manage cash flow after the first month CTI is a going concern.

    1.1 Objectives

    The Center for Technology and Investment will serve the needs of approximately 500 clients by Month 4 of Year 1. At least 50% of these clients will have purchased products or services from the Center for Technology and Investment by Month 4.

    These are the financial goals.

    • You will receive a 25% contribution margin within the first year on books, software and other products.
    • Keep the revenue cost for services below 20%
    • 350% increase in net revenue between Month 1 and Month 12.
    • A 30% net revenue margin in Year 1 and 35% for Year 2

    1.2 Mission

    The Center for Technology and Investment is an organization that helps rural small business owners to use technology more effectively. It was founded on the belief that many small-business owners in rural areas don’t have the connections or resources to effectively use technology. Our goal is to close that gap by training and educating small business owners on how to leverage technology and make the most of the resources available to them.

    When all of its clients reach growth rates exceeding 20%, the organization will have fulfilled their mission.

    1.3 Keys To Success

    Here are a few important keys to success:

    • Focus on the target market: Drill down into several layers of demographics.
    • High detail planning and execution: Quarterly seminars must be thoroughly researched, costs accurately understood, and content kept both fresh and consistent.
    • Retainer consulting should be affordable to rural business owners and must not exceed a small portion of any SBA funding. CTI should not be seen as a broker of SBA funding, or other funding. Instead, it must serve as a consultant with the expertise to help clients obtain high-level funding in technology.
    • Financials must be kept above the highest standards due to nonprofit status in a largely for-profit industry.


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    Filed Under: Businnes Plan Tagged With: business, investment, technology

    Information Technology Business Plan

    March 3, 2023 By JamesCall Leave a Comment


    Information Technology Business Plan


    By focusing on its strengths, its key customers, and the underlying values they need, Information Management Hawai’i, Inc. (IMH) will increase sales steadily in its first three years, while also maintaining the gross margin on sales, with a focus on cash management and working capital.

    This business plan shows the way. It renews our vision and strategic focus: adding value to our target market segments, and reinforcing our ties with businesses in our local markets. It also provides the steps to improve our sales, gross profits, and profitability.

    This plan includes the summary, chapters on products and services, market focuses, action plans, forecasts, management and financial plans, as well the chapters.

    1.1 Objectives

    1. Get healthy earnings (EBIT), within the first year.

    2. Maintain a midrange gross margin throughout the entire operation.

    3. Keep just-in time (JIT), inventory levels at 11 turns per annum

    4. Increase sales modestly but steadily in the second and third years.

    1.2 Mission

    Hawai&#8217,i businesses will be provided with high-quality, brand-name Information Technology business solutions, professional Technical Support and exceptional Customer Service. This is achieved through the application and understanding of Kinaole principles and heartfelt Aloha. Our employees and stakeholders will also benefit from sound, ethical business practices.

    Success Keys 1.3

    Our success is based on these keys:

    • Establishing and maintaining strong strategic alliances with our manufacturing partners and other business partners in the industry;

    • Adopting a market- and customer-focused sales and marketing paradigm.

    • Manage the business by applying, consistently measuring, and adjusting the fundamentals for a Balanced scorecard.

      • Financial Goals vs. Results

      • Goals of Internal Business Processes Results

      • Goals of Employee Learning & Growth Results

      • Customer Satisfaction Goals vs. Results


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    Filed Under: Businnes Plan Tagged With: business, information, technology

    ASP B2B Technology Business Plan

    March 3, 2023 By JamesCall Leave a Comment


    ASP B2B Technology Business Plan


    Discover Productions, Inc., (Discover Productions), a technology consulting company for business-to–business (B2B), provides turnkey computing solutions that are based on the most current technology and use Web-based applications. Discover Productions, Inc. offers state-ofthe-art software, hardware, remote support, training and system support. In the future, Discover Productions plans to create its own B2B Web-based apps. The company’s first product will be available in June 2000.

    Discover Productions is located in Cleveland, Ohio. Their mission is provide technology to businesses to enable them to compete in an increasingly web-based world. Discover Productions offers a new perspective on B2B Technology Consulting by using state-of the-art equipment and the required technical expertise.


    Services plan

    • Web-based Computing Solutions.
    • Hosting Services. This company develops hosting services for ASP companies, and generates $200,000 in additional revenue.
    • Internet Marketing. We are currently generating more than $300,000. In Internet sales, hosting, ecommerce, and Web development services for small and medium-sized business.
    • Computing Solutions. We will double our computing sales from computer service and support to over $450,000.
    • Web-based Applications. We develop, market, sell and support our own Web-based B2B apps.

    Marketing

    The company’s marketing strategy is built on the belief its products and services offer a value-added method of understanding, qualifying, and interpreting the complex world of technology markets and the computer industry. The company intends to use search engine portals, general media advertising and place banners of paid advertising on computer-related websites.

    Management

    Discover Productions has a world-class team of management with direct industry knowledge, extensive research experience, as well as a unique perspective for B2B technology. Its leadership team includes Mr. Edward Jones, CEO and Mr. Jacob Manuel as CIO.

    Financials

    The company is seeking first round funding in the amount of $914,900 for staffing purposes, purchasing software and hardware computing equipment, office costs, and other Internet related costs. The company is also seeking second round funding in the amount of $3 million for developing B2B Web-based applications, and their Educational Application Software. Projected revenues for 2000 to 2002 are $1 million, $16 million, and $45 million, respectively.

    1.1 Mission

    The mission of Discover Productions is to provide businesses with turn-key computing solutions based upon the latest technology utilizing Web-based applications and providing superior customer support and training to take a company’s infrastructure into the future and beyond.

    1.2 Keys for Success

    • A strong technical background
    • Effective management leadership
    • Support and service of the highest quality

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    Filed Under: Businnes Plan Tagged With: business, Plan, technology

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    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...

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