Entity Business Plan: Web Development Firm

1023 WordsNov 26, 20095 Pages
I and two other friends Karen, and Emily decide to venture into the lucrative market of web development and start their own web development firm. Karen has experience in web based and e-commerce solutions design. Emily has experience as an account manager in an advertisement and marketing company, and maintains a large database of businesses and has cultivated good relationships with most clients. I also have experience e-commerce solutions design. The firm will carry the name “Web Solutions Plus”. This name clearly reflects the type of business activity and the nature of products and services. It also conveys richness and variety allowing room for expanding operations and providing additional services in the future. Web Solutions Plus will provide products and services adhering to latest technological standards in the web development industry at highly competitive prices. Web Solutions Plus will provide state of the art web based business solutions and consultancy services in web application design and management. The scope of operations will include website design and security, e-commerce solution design and management, intranets and database driven client/server applications; accounting and inventory systems, billing and P.O.S systems, payroll systems, customer lead generation systems, built on a multitude of the latest web and database technologies. The firm will target small to medium sized businesses operating in any sector and provide cost effective solutions with competitive prices. This will be especially appealing to businesses with limited budgets that find it difficult to afford solutions provided by major software venders. Market research remains pending to have a detailed assessment and this segment. I will identify the strengths and weaknesses of sole proprietorship, general partnership, limited partnership, limited liability

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