What next?

I have received few e-mails requesting further details about the operations of the company, about the idea I proposed yesterday and about the business plan. I will discuss those things here and more.

Businessworks will target automobile manufacturers, airplane manufacturers, ship manufacturers, transportation companies, package shipping companies to sell complete RFID solutions. As I said in earlier posts, company will not get involved in manufacturing, instead the company will setup ties with RFID and GPS hardware manufacturers and develop "middleware" software in-house.

Although company has access to $1,000,000 as working capital, operational costs and capital requirements will be decided after an elaborate business plan is made. I anticipate 1-2 year time frame for complete solution development.

Immediate tasks on hand are:
  • make a business plan
  • place to conduct business
  • hiring employees
  • buying equipment

So our next step will be to gather some data for the business plan, which we will continue to do tomorrow. Meanwhile here are two interesting RFID websites. One is RFID.org and another is a blog. Both provide excellent coverage of the subject.


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

Transition from Blogger to WordPress

BusinessWorks Blog will be celebrating it's First Birthday on September 24th, 2005. It is already experiencing growing pains. Google's Blogger is my current Blogging Engine and it has served me well, but it lacks a few critical features like Categories, Search facility, trackbacks that a Blog like mine needs. I am planning to move the blog to a different host and use WordPress as my Blogging Engine. To better serve my readers, each post will be categorized and search will be embedded in the page to find the content you need. There will be lot more features added, with a new theme, current month calendar to find the posts and much more. Current Blog will remain active during the process and once the transition is complete, it will redirect visitors to the new blog. Please bear with me for the inconvenience caused, until this transition is completed. The posts will be sporadic and few in coming week, but once the transition is complete, it will be atleast one post per day as u
Read more