United States, 0... Preferred Partner "1.0 Executive Summary The Company MYCOMPANYINTRANET is an Intranet/ Extranet server that delivers powerful professional automation services to small to medium Companies worldwide. MycompanyIntranet's intranet/Extranet software enables companies and individuals alike to securely access, manage and share sales and human resources information anytime anywhere. Mycompanyintranet is installed on the Local Area Network, and can be accessed from any computer with Internet access worldwide. Mycompanyintranet's software also enables companies to manage asset, events scheduling, discussion forums, pipeline forecast and employees information securely, eliminating huge overhead. The Opportunity Intranet market share growth $12 billion in 1995 $208 billion by the year 2000 (S.Jamthe, 1996) In 1999-2000, $200 billion in transactions were generated between web application developing companies and ordinary businesses in the USA alone. This money was mainly spent on hardware infrastructure, Intranet software development, and salaries for software engineers. Unfortunately software’s developed are mainly client based, and thus either not scalable or web enabled. As the requirement of business grows with market demand, often these software’s need to be customized to accommodate change. The resultant effect is more millions of dollars spent on customized Intranet software and staffing. On average, most businesses spent a minimum of $200,000/yr hiring skilled labor to develop Intranet applications. Large companies spent a minimum of $400,000/yr building similar application. Small businesses that form the largest percentage often cannot afford to spend such amount and yet the need for Intranet/ extranet applications continues to grow due to the Internet explosion and the need to have secure access, and to share corporate information between employees. The potential US market alone for scalable and web enabled intranet/extranet software is calculated to be $200billion each year. The recruiting companies constitute 35% of this market, while other form of business constitutes 65%. Marketing Strategy Mycompanyintranet is designed to work for all companies with no automated sales processes in place. Majority of companies falls into this category and we thereby anticipate steady increase in demand for our product. Hi-tech companies and recruiting firms represent the main target group due to the fact that these segment have demonstrated the need to have remote access to corporate information in other to remain competitive in the rapidly growing information technology world. However, the intranet/Extranet software can be other businesses part from the tow mentioned above Increasingly, Tech companies now allow employees to work from home due to the low cost involved. These employees need constant access to corporate information just like those employees on site. Web based Intranet portal is the only solution. The ability to share information among employees will reduce cost by 80% of the normal cost involved in hiring employees, and buying hardware and legacy applications. From the recruiting companies perspective, web based Intranet provides significant cost savings and the ability to share information among other recruiters. Small to Medium Hi-Tech companies on the other hand will benefit greatly from having access to corporate information in a secure environment at a very reduced cost. This dual benefits of costs savings and targeted marketing gives Mycompanyintranet's clients a distinct advantage in a rapidly growing and competitive Hi-Tech industry. From a consumer's perspective, the cost of hiring skilled labor, buying non-scalable and not web enabled Intranet software is eliminated by Mycompanyintranet Pilot Program and Sales Strategy Mycompanyintranet intends to become the leading provider of virtual office to the recruiting and Hi-Tech industry. Mycompanyintranet is currently offering free intranet on-line. The idea is to introduce this product to market and at the same time get users feedback in a cost effective manner. We rely on users feedback to improve on our current version (1.0). Addressing the competition Mycompanyintranet's focused approach will drive its success. The following are key points of differentiation, which provide advantages over competing models. Mycompanyintranet is a web based Intranet/Extranet application that automates sales processes, which is crucial to the growth of any company. A limited number of the competitors have modules that specialize in sales automation. We are focusing on licensing this product to companies for deployment on their LAN. This will immediately distinguish us from others in the market focusing solely on ASPied version. Application hosting providers are increasingly having difficulties coping with the generic version of their intranet application. Often, generic version is not a solution to diverse businesses. Mycompanyintranet's prototype is fully functioning and is ready for evaluation, thereby reducing the cost of further development to enhance the functionality. We have immediately cut preliminary development cost by at least $2,000,000 considering the cost involved developing web based Intranet portal. Upshot, Inc announced $41million spent developing similar application while intranets, Inc claimed to have spent $22million developing similar software. Intranets, Inc. is a competitor. Their solution is grossly limited in functionality and yet has spent 22million. They currently have over 300,000 members. Our solution will offer more benefits to our customers after the initial funding stage. Intranets, Inc. currently focuses on generic version. The implication is that it will severely limit the number of users because it cannot be used by all type of businesses. Mycompanyintranet has an advantage over this approach because our software will be licensed thereby allowing customers to install on their LAN or WAN. Planetintra.com and Sales.com also are competitors, but their solution is limited in functionality like that of Intranets, Inc. Their software focuses on contact management and calendar. Mycompanyintranet has the capability to allow pipeline forecasting, asset tracking, leads and opportunity tracking, personalization of news and individual pages, making it more attractive to potential users. The “Favorite” module allows bookmarks to be archived or displayed as required. These are customizable pages for each individual or company. Planet intra, Inc. and the two above have none of these functionalities thereby giving us a competitive advantage over them. Considering other available but limited Intranet applications, Mycompanyintranet is set to take the lead and dominate market share in this sector. The moment customers realize that Mycompanyintranet provide more capabilities and flexibilities compared to our competitors, our solution will be in high demand increasing customer base and market share. Revenues and Profitability The company's financial projections are based on conservative assumptions of Internet usage, growth of financial transactions on the Internet, and number of firms currently paying large amount of money to develop web based intranet. Mycompanyintranet will achieve revenues of $20,000,000 in 2003. Startup Costs and Offering Mycompanyintranet is seeking a strategic partner to provide $900,000 in capital, to finance software enhancement and deployment of the Mycompanyintranet version 1.5. After the initial financing stage, the majority of costs will revolve around the company's sales efforts and technical support. Mycompanyintranet will require an additional $3.5 million to fund marketing, client acquisition, and technical support after the initial funding stage. Based on the current assumptions, it is estimated that Mycompanyintranet will achieve positive operating cash flows after signing on 45 companies and 5-user license per company, which are estimated to occur in the second quarter of 2001. Financial Projections Financial projections were created to model the effects of certain assumptions of our business model. Through our due diligence, we discovered broad...
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