BUSINESS PLAN

Business Plan

Business Plan

Introduction

This essay purely highlights a concept of a demanding business. Before starting a business in a modern city, I was seeking advice about setting up my own Business. Before starting a business it would be advantageous for me to produce a business plan. Because, business plan can give me a close view of my business details and advantages. Now I can say that I have a solid plan for the success of my business (Internet Café).

Gr8Net, unlike a typical internet cafe, will provide a unique forum for communication and entertainment through the medium of the Internet. Gr8Net is the answer to an increasing demand. The public wants: (1) right of entry to the methods of communication and volumes of knowledge now available on the Internet (Blackwell, 2004), and (2) access at a cost they can afford and in such a way that they aren't socially, economically, or politically isolated. Gr8Net's goal is to provide the area with a social, educational, entertaining, mood for worldwide communication.

This business plan is prepared to obtain financing in the amount of $20,000. The supplemental financing is required to begin work on site preparation and modifications, equipment purchases, and to cover expenses in the first year of operations.

Gr8Net will be incorporated as an LLC corporation. This will shield me, and outside investors, from issues of personal liability and double taxation. The investors will be treated as shareholders and therefore will not be liable for more than their individual personal investment of $12,000 each.

The financing, in addition to the capital contributions from the owner, shareholders and the Inverness Economic Development Fund, will allow Gr8Net to successfully open and maintain operations through year one. The large initial capital investment will allow Gr8Net to provide its customers with a full featured Internet cafe. A unique, upscale, and innovative environment is required to provide the customers with an atmosphere that will spawn socialization. Successful operation in year one will provide Gr8Net with a customer base that will allow it to be self sufficient in year two.

Objectives

Gr8Net's objectives for the first three years of operation include:

The creation of a unique, upscale, innovative environment that will differentiate Gr8Net from local coffee houses.

Educating the community on what the Internet has to offer.

The formation of an environment that will bring people with diverse interests and backgrounds together in a common forum. (Bagozzi et al. 1998)

Good coffee and bakery items at a ...