Technology is decided!

The poll results are out! 11 votes were casted. 2 were in favor of Nanotechnology, 1 in favor of Biotechnology and 8 in favor of RFID based solutions! Apart from poll results, RFID solutions seems to offer better prospect. Shorter development times, easier venture capital financing, good talent availability are all positives in case of RFID based solutions.

Our Technology of choice will be
RFID based solutions
I will be announcing the RFID solution, that Businessworks Inc. will develop, in tomorrow's post. Our next major upcoming task is preparation of a Business plan, which will lay a foundation and prepare a path for the business in next five years. To learn more about business plans, visit Small Business Administration link.

Comments

Post a Comment

Popular posts from this blog

Financial Plan - Assumptions - 2

There is a slight change since yesterday. I will not fill the Assumption table in yesterday's post. Instead, I will discuss what each variable means. This way table is more meaningful, rather than mere numbers. Variables_Used_for_Assumption Units_Used Explanation_of_Variables Average Monthly Sales US $000s Here you can enter net sales value. Desired average finished inventory % of Sales Does not apply to Service / Distribution business. For Manufacturing business, this variable is % of sales. Cost of materials/goods As % Sales This value is set to zero for Service business and for Distribution it refers to the purchases/inventory for resale. Target materials/goods inventory US $000s This value is set to zero for Service business and for Distribution it refers to the purchases/inventory for resale. Average monthly direct costs US $000s It is set to zero for for Distribution business Average monthly overhead expenses US $000s Interest and Depreciation is not included Opening total co...
Read more

The Circle of Information

First there was light, then there was a Light Bulb controlled by a switch, then came Internet and the light bulb was still controlled by a switch, finally Pervasive internet will come and control the Light Bulb. This is the vision of Pervasive Internet. This next version of Internet is destined to control : * Industrial - Capital Equipment, Automation & Control Equipment * Power - Meters, Distributed Generators, Electricity Grid and Pipelines * Healthcare - Medical Devices * Home / Consumer - Game Systems, Consumer Electronics, Appliances * Buildings / Facilities - Access Controls, Office Equipment, HVAC / Environmental Systems * Retail - Lighting & Refrigeration Systems, Scanners & Registers * Transportation - Vehicles, Airplanes, & Intermodal Transport This congregation of Internet with the smart devices will create a serious shift in the advancement of the digital revolution - forming a comprehensive "digital neural net". Imagine a large office building in ...
Read more

Brainstorming - RFID Discussion

Radio Frequency ID tags or RFID Tags came into limelight when Walmart insisted their suppliers to have them by January 1st 2005. RFIDs have existed for few years and are used as security devices on Music CDs, Games CDs and DVDs and various other areas. There are however many unexplored areas where RFID solutions can be used. We are going to explore some of these areas for potential product and/or services that Businessworks Inc can provide. If we go with RFID based solutions, manufacturing RFIDs will not our goal as it can be prohibitively expensive. Our goal would consist of using RFIDs readily available and building custom solutions and sell it to Government and private organizations. This idea ranks very high in our potential list of technologies. Tomorrow I will discuss Nanotechnology.
Read more