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JNN Turnkey IT solutions not only provide IT support to its customers, but it also performs preventative maintenance on IT products. To maximise customer satisfaction and fulfil their needs, the owner of the JNN Turnkey IT solutions requires a loan from a bank.
Problem of JNN Turnkey IT solutions regulations
To improve the environment of the workplace, expand the
business, increasing employee productivity, maximizing client satisfaction,
proper IT solutions are required at JNN Turnkey IT solutions.
Moreover, despite the potentially increasing and steady
demand for information technology solutions, there are few suppliers of such
services in the town. Such less competition in the market cause higher costs
and fewer choices for people who require IT and furnishing services.
Solution of JNN Turnkey IT solutions regulations
JNN Turnkey IT solutions aim to provide comprehensive IT
solutions and consultancy to customers and one point of contact for their IT
preventative maintenance and consultancy and office furnishing by bringing two
companies into one affiliation, i.e. JNN Turnkey IT solutions and JM
Furnishers.
The main competitors of JNN Turnkey IT solutions are C-Tech
Solutions, Pacific IT Solutions, and Guam Tech Solutions and key metrics are
critical to the success of JNN Turnkey IT solutions are maintaining more than
50 per cent gross margin, making it sure that operating costs are within the
company budget, making it sure that the duration for receivables is no more
than 90 days. Forecast of JNN turnkey IT solutions provide details of
predictions and forecasting made by the financial expert of the company
regarding the expected future outcomes and costs of the business. Company will
serve at least 20% of government firms and 80% private firms in the beginning.
Opportunity
of JNN Turnkey IT solutions regulations
Background of JNN
Turnkey IT solutions regulations
JNN Turnkey IT solutions provide IT consultation, and the
company has experienced IT consultants team with a history of providing efficient
and quality services to all potential and existing customers. JNN Turnkey IT
solutions can handle project management for both small and large businesses. JNN
Turnkey IT solutions not only provide IT support to its customers, but it also performs
preventative maintenance on IT products. To maximise customer satisfaction and
fulfil their needs, the owner of the JNN Turnkey IT solutions requires a loan
from a bank.
Mr Jazzedypaul M. Campos is presenting this business plan to
secure SBA (Small Business Administration) loan so that the company could make some
changes and incorporate it’s new Startup Business Office Furnishers.
Problem and Solution of
JNN Turnkey IT solutions regulations
Problem of JNN Turnkey IT solutions regulations
To improve the environment of the workplace, expand the business,
increasing employee productivity, maximizing client satisfaction, proper IT
solutions are required at JNN Turnkey IT solutions.
Moreover, despite the potentially increasing and steady
demand for information technology solutions, there are few suppliers of such
services in the town. Such less competition in the market cause higher costs
and fewer choices for people who require IT and furnishing services.
Solution of JNN Turnkey IT solutions regulations
JNN Turnkey IT solutions aim to provide comprehensive IT
solutions and consultancy to customers and one point of contact for their IT preventative
maintenance and consultancy and office furnishing by bringing two companies into
one affiliation, i.e. JNN Turnkey IT solutions and JM Furnishers.
Furthermore, we aim to make sure that the market is
competitive enough by investing in this new idea.
Target Market of JNN
Turnkey IT solutions regulations
The market for IT solutions and furnishing solutions consists
of three entities, i.e. private business, Gov Guam, and Federal Government. It
is hoped that the demand for this business while it remains steady and forecasts
for economic growth in 2019 is flat, so it is expected that the demand for our
business will gradually increase.
Competition of JNN Turnkey IT solutions regulations
The main
competitors of JNN Turnkey IT solutions are:
·
C-Tech Solutions: the focus of C-Tech Solutions services
is on IT, and the company provides a single resource for industry product, expertise,
and knowledge with a single resource.
·
Pacific IT Solutions: it is a private management
and IT consulting company established in March 2009. Pacific IT Solutions provides
services and solution to commercial clients and government in different areas,
i.e. strategic planning, project management, infrastructure operations, procurement,
network development, and VoIP consulting.
·
Guam Tech Solutions: Guam Tech Solutions
provides outsourcing facilities to IT departments of different companies. It
offers different services such as managing IT services, web design and hosting,
and computer repair and networking along with technology solution.
However, none of the competitors from the above list has affiliation with
any furnishing solution providers
Marketing & Sales
of JNN Turnkey IT solutions regulations
JNN Turnkey IT solutions aim to achieve positive cash
flow and profitability by:
1.
Leveraging on the existing customers of the
company
2.
Generating per customer higher sales by targeting
contracts of the federal government
3.
Maintaining more than 50 per cent gross margin
4.
Keeping low operating costs by controlling the variable
costs.
Operations of JNN
Turnkey IT solutions regulations
Cost management and collections are included in the
operations. A review will be conducted twice a week between the keeper and the
owner to make it sure that the costs of the business lie within the budget so
that tighter rein could be kept on costs. On the other hand, the collection is
one of the greatest challenges by which office creativity has been confronted
in the past. Receivables take over six months to be paid particularly from Gov
Guam entities. It is part of the operations plan to make sure that receivables
are collected within 90 days via close monitoring of payment reminders on key
dates and ageing balances; the key dates would be either 30, 45, 60, 75, or 90
days.
·
Maintaining more than 50 per cent gross margin
·
Making it sure that operating costs are within the
company budget
·
Making it sure that duration for receivables is no
more than 90 days
Company of JNN Turnkey
IT solutions regulations
Overview of JNN Turnkey
IT solutions regulations
JNN Turnkey IT solutions focus on Small to Large companies
that are engaged in providing the various services. JNN Turnkey IT solutions
will provide the services to meet the demands of the clients who are unaware of
the information of the various technical solutions in their company and it
would not provide the fraud and fake information to their clients. They believe
in the quality services and keen to provide quality services.
JNN Turnkey IT is developed to introducing the outstanding
and amazing information provider in the market. They provide such services with
the free trial, and it believed in quality. The JNN Turnkey IT will be one of
the favourite services solutions for that business that’s are seeking for the
good solution provider as well as they are involved in taking the authentic
services. The research carried out in the (Particular region) to analyzing the
business who are searching for the services of the information technology.
In the rotten days, there are 55% per cent small and medium enterprises
that are searching for IT consultation services. It occurs due to the rapid
growth of information technology in the business of the todays. That why the
target audience of the JNN Turnkey IT is the small and medium enterprises. It includes the most that business who have
to start-up their business initially. The major target market of the JNN
Turnkey IT is business only, and it includes all kind of the industry, either
its manufacturing industry or service provider company. But the Medium business
is specially targeted for the It consultation and It services in the market of
their region. It is focusing on the IT Solutions and consulting, and Office
Furnishing as an added solution to offices need information technology. The
revenue is round about the 9,700 for Private Entities. All small medium
enterprises are included in the Private Entities.
Team of JNN Turnkey IT
solutions regulations
JNN Turnkey IT solutions are owned by Jazz Campos who has a certificate
of Completion ICND1, Cisco Networking and done interconnecting network devices
course. He learned the implementation consultancy at MICROS System Inc where he
worked for approximately five years. He has managed implementations for two POS,
i.e. Suite8 PMS and RES 3700. Jazz Campos, from now on, will serve as an
Advisor as well to Mr Lujan, the founder and general manager of JM Furnishers, with
oversight on costs and collections as well as profitability.
The financial plan section of this business plan consists of
information regarding the forecast of future business outcomes, projected
financial statements, and details of financing sources.
Forecast of JNN Turnkey
IT solutions regulations
Forecast of JNN turnkey IT
solutions provide details of predictions and forecasting made by the financial
expert of the company regarding the expected future outcomes and costs of the
business.
Customers
of JNN Turnkey IT solutions regulations
JNN turnkey IT solutions will
mainly target the small and medium-sized businesses in the selected
geographical region. By the current market situation and strength of the
business, it can be predicted that the company will serve at least 50 clients
on an annual basis in the first year to ensure break-even. All these customers
can be related to private and government firms and organizations. These
customers will be given best services and best projects execution in-respect to
any kind of discriminative behaviour by the administration of the JNN turnkey
IT solutions. Company will serve at least 20% of government firms and 80%
private firms in the beginning. Later on, geographical expansion and financial
strength will support JNN turnkey IT solutions to increase their customers and
market share in the market.
Revenue of
JNN Turnkey IT solutions regulations
The assumed average revenue per
customer for small and medium-sized firms are as government institutes and
private firms $2500 (per customer) in the first year. Later on, the increase in
customers and sales will increase revenue. Expected revenue in the third year
is $169,000 that would be generated through the sales of furniture and IT
solutions to the selected market.
Expenses of
JNN Turnkey IT solutions regulations
JNN turnkey IT solutions will have the bulk of operating expenses in salaries and wages. Company will cut the cost of operations through minimizing the salary expenses. Employees would be offered minimum but fair wages for the execution of operations. Expected salary for the chief technical officer is around 45,000. While on the other hand, system support engineers will be offered $27,000 as an annual salary. Furthermore, expenses also include another cost of operations, marketing and administrative expenses, depreciation expense, and taxes.
Personnel
Table of JNN Turnkey IT solutions
regulations
|
Year 1 |
Year 2 |
Year 3 |
|
|
chief technical officer |
45000 |
45000 |
45000 |
|
system support engineers |
27000 |
27000 |
27000 |
|
Other |
7000 |
18000 |
|
|
Total |
72000 |
79000 |
90000 |
Financing of JNN Turnkey IT solutions regulations
Use of
Funds of JNN Turnkey IT solutions regulations
Total working capital required to
execute business operations is limited to $150,000. While initial start-up
annual labour cost is limited to $78,000. Funds will be used to pay wages and
salaries, purchase inventory and assets, pay marketing expenses, and to fulfil
the requirement of financial funding from the production department and supply
chain.
Sources
of Funds of JNN Turnkey IT solutions regulations
The JNN turnkey IT solutions are
seeking to find funds from the bank as a loan with a fixed rate of return on
investment. The total investment required from the bank is only $150,000 to
initiate business operations and purchase of products.
Statements of JNN
Turnkey IT solutions regulations
Projected
Profit and Loss
|
JNN turnkey IT solutions |
||||
|
Projected
Income Statements |
||||
|
Sales |
YEAR1 |
YEAR2 |
YEAR3 |
TOTAL |
|
Total Sales |
125,000 |
156,000 |
169,000 |
450,000 |
|
|
|
|
|
|
|
Cost of Sales |
12,500 |
15,600 |
16,900 |
|
|
|
|
|
|
|
|
GROSS PROFIT |
112,500 |
140,400 |
152,100 |
450,000 |
|
Gross Profit MARGIN % |
90.0% |
90.0% |
90.0% |
90.0% |
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
SALARIES & WAGES |
72,000 |
72,000 |
72,000 |
216,000 |
|
Marketing Expense |
500 |
500 |
500 |
1,500 |
|
Administrative Expense |
500 |
500 |
500 |
1,500 |
|
Miscellaneous |
50 |
50 |
50 |
150 |
|
Depreciation |
1,600 |
1,600 |
1,600 |
4,800 |
|
Total Operating Expenses |
74,650 |
74,650 |
74,650 |
223,950 |
|
|
|
|
|
|
|
Operating Income |
37,850 |
65,750 |
77,450 |
226,050 |
|
Bank Charge/Interest |
15,000 |
15,000 |
15,000 |
45,000 |
|
Other Income (If Any) |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
Net Income |
22,850 |
50,750 |
62,450 |
181,050 |
|
Net INCOME Margin % |
18.3% |
32.5% |
37.0% |
40.2% |
Projected
Balance Sheet of JNN Turnkey IT solutions regulations
|
|
|
|||
|
|
||||
|
Balance Sheet |
|
YEAR1 |
YEAR2 |
YEAR3 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Cash |
103,910 |
102,400 |
101,500 |
|
|
Accounts Receivable |
500 |
500 |
500 |
|
|
Inventory |
3,000 |
3,500 |
4,000 |
|
|
Advance payments |
100 |
200 |
200 |
|
|
Total
Current Assets |
107,510 |
106,600 |
106,200 |
|
|
|
|
|
|
|
Long Terms / Fixed Assets |
|
|
|
|
|
|
Machinery |
1,500 |
2,200 |
2,400 |
|
|
Hardware and Software |
20,000 |
20,100 |
20,200 |
|
|
Plant |
3,000 |
3,000 |
3,000 |
|
|
Equipment |
20,000 |
20,100 |
20,200 |
|
|
OTHER ASSET |
0 |
0 |
0 |
|
|
Total
Fixed Assets |
44,500 |
45,400 |
45,800 |
|
|
COMULATIVE DEPRECIATION |
4,450 |
4,450 |
4,450 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
152,010 |
152,000 |
152,000 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
Accounts Payable |
500 |
500 |
500 |
|
|
Wages/Payroll Expenses/Commissions
Payable |
100 |
100 |
100 |
|
|
Current Short Term Debt |
400 |
400 |
400 |
|
|
Other |
10 |
0 |
0 |
|
Total
Current Liabilities |
1,010 |
1,000 |
1,000 |
|
|
|
|
|
|
|
|
Long Term Liabilities |
|
|
|
|
|
|
Long Term Debt |
1,000 |
1,000 |
1,000 |
|
|
Other |
0 |
0 |
0 |
|
Total Long
Term Liabilities |
1,000 |
1,000 |
1,000 |
|
|
|
|
|
|
|
|
|
Total
Liabilities |
2,010 |
2,000 |
2,000 |
|
|
|
|
|
|
|
OWNERS EQUITY |
|
|
|
|
|
Owner's Equity |
|
150,000 |
150,000 |
150,000 |
|
Retained Earnings |
|
0 |
|
0 |
|
Less:
Owner's Draws/DIVIDENDS |
|
0 |
0 |
0 |
|
|
Total
Equity |
150,000 |
150,000 |
150,000 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES AND EQUITY |
152,010 |
152,000 |
152,000 |
|
Projected
Cash Flow Statement
|
JNN turnkey IT solutions |
||||
|
CAPITAL EXPENDITURE & OPERATION EXPENSES |
||||
|
|
Pre
Start-up |
YEAR1 |
YEAR2 |
YEAR3 |
|
OPENING CASH BALANCE |
150,000 |
34,450 |
30,300 |
70,650 |
|
REVENUE |
0 |
125,000 |
156,000 |
169,000 |
|
COSG |
0 |
12,500 |
15,600 |
16,900 |
|
EXTRA RQRD. MONEY |
|
500 |
400 |
200 |
|
CAPEX |
||||
|
Material |
3,000 |
3,000 |
3,500 |
4,000 |
|
Machinery |
1,500 |
1,500 |
200 |
200 |
|
Plant |
3,000 |
3,000 |
0 |
0 |
|
Other Equipment in hardware and software |
20,000 |
20,000 |
100 |
100 |
|
OTHER ASSET |
0 |
0 |
0 |
0 |
|
Total
Asset Expenditure |
27,500 |
27,500 |
3,800 |
4,300 |
|
|
|
|||
|
OPEX |
||||
|
SALARIES & WAGES |
72,000 |
72,000 |
79,000 |
90,000 |
|
marketing |
500 |
500 |
500 |
500 |
|
Administrative |
500 |
500 |
500 |
500 |
|
Miscellaneous |
50 |
50 |
50 |
50 |
|
Depreciation (GOES DIRECTLY TO IS) |
|
1,600 |
1,600 |
1,600 |
|
Bank Charge/Interest |
15,000 |
15,000 |
15,000 |
15,000 |
|
TOTAL
Operating Expenses |
88,050 |
89,650 |
96,650 |
107,650 |
|
LOAN
REPAYMENTS |
0 |
0 |
0 |
0 |
|
CLOSING
CASH BALANCE |
34,450 |
30,300 |
70,650 |
111,000 |
Use of
Funds of JNN Turnkey IT solutions regulations
Total working capital required to
execute business operations is limited to $150,000. While initial start-up
annual labour cost is limited to $78,000. Funds will be used to pay wages and
salaries, purchase inventory and assets, pay marketing expenses, and to fulfil
the requirement of financial funding from the production department and supply
chain.
Sources
of Funds of JNN Turnkey IT solutions regulations
The JNN turnkey IT solutions are
seeking to find funds from the bank as a loan with a fixed rate of return on
investment. The total investment required from the bank is only $150,000 to
initiate business operations and purchase of products.
Statements of JNN
Turnkey IT solutions regulations
Projected
Profit and Loss
|
JNN turnkey IT solutions |
||||
|
Projected
Income Statements |
||||
|
Sales |
YEAR1 |
YEAR2 |
YEAR3 |
TOTAL |
|
Total Sales |
125,000 |
156,000 |
169,000 |
450,000 |
|
|
|
|
|
|
|
Cost of Sales |
12,500 |
15,600 |
16,900 |
|
|
|
|
|
|
|
|
GROSS PROFIT |
112,500 |
140,400 |
152,100 |
450,000 |
|
Gross Profit MARGIN % |
90.0% |
90.0% |
90.0% |
90.0% |
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
SALARIES & WAGES |
72,000 |
72,000 |
72,000 |
216,000 |
|
Marketing Expense |
500 |
500 |
500 |
1,500 |
|
Administrative Expense |
500 |
500 |
500 |
1,500 |
|
Miscellaneous |
50 |
50 |
50 |
150 |
|
Depreciation |
1,600 |
1,600 |
1,600 |
4,800 |
|
Total Operating Expenses |
74,650 |
74,650 |
74,650 |
223,950 |
|
|
|
|
|
|
|
Operating Income |
37,850 |
65,750 |
77,450 |
226,050 |
|
Bank Charge/Interest |
15,000 |
15,000 |
15,000 |
45,000 |
|
Other Income (If Any) |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
Net Income |
22,850 |
50,750 |
62,450 |
181,050 |
|
Net INCOME Margin % |
18.3% |
32.5% |
37.0% |
40.2% |
Projected
Balance Sheet of JNN Turnkey IT solutions regulations
|
|
|
|||
|
|
||||
|
Balance Sheet |
|
YEAR1 |
YEAR2 |
YEAR3 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Cash |
103,910 |
102,400 |
101,500 |
|
|
Accounts Receivable |
500 |
500 |
500 |
|
|
Inventory |
3,000 |
3,500 |
4,000 |
|
|
Advance payments |
100 |
200 |
200 |
|
|
Total
Current Assets |
107,510 |
106,600 |
106,200 |
|
|
|
|
|
|
|
Long Terms / Fixed Assets |
|
|
|
|
|
|
Machinery |
1,500 |
2,200 |
2,400 |
|
|
Hardware and Software |
20,000 |
20,100 |
20,200 |
|
|
Plant |
3,000 |
3,000 |
3,000 |
|
|
Equipment |
20,000 |
20,100 |
20,200 |
|
|
OTHER ASSET |
0 |
0 |
0 |
|
|
Total
Fixed Assets |
44,500 |
45,400 |
45,800 |
|
|
COMULATIVE DEPRECIATION |
4,450 |
4,450 |
4,450 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
152,010 |
152,000 |
152,000 |
|
LIABILITIES |
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
Accounts Payable |
500 |
500 |
500 |
|
|
Wages/Payroll Expenses/Commissions
Payable |
100 |
100 |
100 |
|
|
Current Short Term Debt |
400 |
400 |
400 |
|
|
Other |
10 |
0 |
0 |
|
Total
Current Liabilities |
1,010 |
1,000 |
1,000 |
|
|
|
|
|
|
|
|
Long Term Liabilities |
|
|
|
|
|
|
Long Term Debt |
1,000 |
1,000 |
1,000 |
|
|
Other |
0 |
0 |
0 |
|
Total Long
Term Liabilities |
1,000 |
1,000 |
1,000 |
|
|
|
|
|
|
|
|
|
Total
Liabilities |
2,010 |
2,000 |
2,000 |
|
|
|
|
|
|
|
OWNERS EQUITY |
|
|
|
|
|
Owner's Equity |
|
150,000 |
150,000 |
150,000 |
|
Retained Earnings |
|
0 |
|
0 |
|
Less:
Owner's Draws/DIVIDENDS |
|
0 |
0 |
0 |
|
|
Total
Equity |
150,000 |
150,000 |
150,000 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES AND EQUITY |
152,010 |
152,000 |
152,000 |
|
Projected
Cash Flow Statement
|
JNN turnkey IT solutions |
||||
|
CAPITAL EXPENDITURE & OPERATION EXPENSES |
||||
|
|
Pre
Start-up |
YEAR1 |
YEAR2 |
YEAR3 |
|
OPENING CASH BALANCE |
150,000 |
34,450 |
30,300 |
70,650 |
|
REVENUE |
0 |
125,000 |
156,000 |
169,000 |
|
COSG |
0 |
12,500 |
15,600 |
16,900 |
|
EXTRA RQRD. MONEY |
|
500 |
400 |
200 |
|
CAPEX |
||||
|
Material |
3,000 |
3,000 |
3,500 |
4,000 |
|
Machinery |
1,500 |
1,500 |
200 |
200 |
|
Plant |
3,000 |
3,000 |
0 |
0 |
|
Other Equipment in hardware and software |
20,000 |
20,000 |
100 |
100 |
|
OTHER ASSET |
0 |
0 |
0 |
0 |
|
Total
Asset Expenditure |
27,500 |
27,500 |
3,800 |
4,300 |
|
|
|
|||
|
OPEX |
||||
|
SALARIES & WAGES |
72,000 |
72,000 |
79,000 |
90,000 |
|
marketing |
500 |
500 |
500 |
500 |
|
Administrative |
500 |
500 |
500 |
500 |
|
Miscellaneous |
50 |
50 |
50 |
50 |
|
Depreciation (GOES DIRECTLY TO IS) |
|
1,600 |
1,600 |
1,600 |
|
Bank Charge/Interest |
15,000 |
15,000 |
15,000 |
15,000 |
|
TOTAL
Operating Expenses |
88,050 |
89,650 |
96,650 |
107,650 |
|
LOAN
REPAYMENTS |
0 |
0 |
0 |
0 |
|
CLOSING
CASH BALANCE |
34,450 |
30,300 |
70,650 |
111,000 |
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