Technology Venture



Technology Venture

Introduction

Business planning is the first step in the management process. For the business planning tool by excellence remains the business plan. This is the first step in the management of its business. In other words, the business plan defines the objectives of the company and offers steps to achieve these objectives in a specific period of time. This document describes who you are, what you want to do, where your business will be located, when you expect to get in business and how you will overcome the risks inherent in your business to reach anticipated revenue (Bangs & Axman, 1998).

The business model is supposed to describe a synthetic representation of a high level of consolidation the major aspects of the activity undertaken by an organization, both in terms of its objectives (purpose, offerings, strategies) and resources deployed (infrastructure, organizations, distribution or dissemination practices and processes and rules of operation). This paper aims to analyze the technology venture started by two hometown friends, who decided to open a computer sales, distribution and rental service. Therefore this paper will look at the business model and value proposition for their business with help of SWOT analysis and major factors for financing this project.

Business Model for Technology Venture

The business model is describe as a synthetic representation of a high level of consolidation of the major aspects of the activity undertaken by an organization, both in terms of its objectives (purpose, offerings, strategies) and resources deployed (infrastructure, organizations, distribution or dissemination practices and processes and rules of operation) (Lasher, 2005). This is to ensure the availability and sharing of value between stakeholders over a period and a field of activity clearly identified. In the process of setting up a business or activity, writing the business model, is obviously a major exercise in that it is supposed to provide a comprehensive overview of the designer's vision and ability to create value in the long run faster or slower (Abrams, 2003). As a result, the relevance of business model is highly indicative of the company's ability to generate results. The explanation provided to assess this ability in itself, but also in relation to competition and in particular against the business model of the major competitors (Bangs & Axman, 1998).

For the given scenario the new technology venture is born entrepreneurship of two friends who analyze the market came up with idea to open their own venture in terms of technology for opening their computer sales, distribution and rental service. The business, therefore, it is promoted and constituted by both of them as a limited company, having an initial capital from family and other relatives and some from venture capitalists. The current situation of town where they are living and studying has population of 50,000 people. They have analyzed that student in their town use and abuse a lot of computers. Therefore they decided to open a computer sales, distribution and rental service, where they will maintain an inventory of sales, service and rental laptops and desktops ...