GEETEENet, unlike a typical cafe, will provide a unique forum for communication andentertainment through the medium of the Internet. GEETEENet is the answer to an increasing demand.
The public wants:
(1) access to the methods of communication and volumes ofinformation now available on the Internet, and
(2) access at a cost they can afford and in sucha way that they aren't socially, economically, or politically isolated.
GEETEENet's goal is toprovide the community with a social, educational, entertaining, atmosphere for worldwidecommunication.This business plan is prepared to obtain financing in the amount of N24,000. The supplemental financing is required to begin work on site preparation and modifications,equipment purchases, and to cover expenses in the first year of operations.
Additional financing has already been secured in the form of:
(1) N24,000 from the Micro Finance Bank
(2) N19,000 of personal savings from owner Adam and Sons
(3) N36,000 from three investors
(4) and N9,290 in the form of short-term loans.
GEETEENet will be incorporated as an LLC corporation. This will shield the owner Adamand Sons, and the three inside investors, Adam Muhammad Abdullahi, Adam Muhammad Sani, and Adam Muhammad Saifullahi, from issues of personal liability and double taxation. The investors will be treated as shareholders and therefore will not be liable for more thantheir individual personal investment of N12,000 each.The financing, in addition to the capital contributions from the owner, shareholders and the Micro Finance Bank, will allow GEETEENet to successfully open and maintain operationsthrough year one.
The large initial capital investment will allow GEETEENet to provide its customers with a full featured Internet cafe. A unique, upscale, and innovative environment is required to provide the customers with an atmosphere that will spawn socialization.Successful operation in year one will provide GEETEENet with a customer base that will allow it to be self sufficient in year two
Adam, M. & Adam, M (2018). DEVELOP A COHESIVE BUSINESS PLAN. Afribary. Retrieved from https://track.afribary.com/works/bs-pln
Adam, Muhammad, and Mr Adam "DEVELOP A COHESIVE BUSINESS PLAN" Afribary. Afribary, 09 Mar. 2018, https://track.afribary.com/works/bs-pln. Accessed 23 Nov. 2024.
Adam, Muhammad, and Mr Adam . "DEVELOP A COHESIVE BUSINESS PLAN". Afribary, Afribary, 09 Mar. 2018. Web. 23 Nov. 2024. < https://track.afribary.com/works/bs-pln >.
Adam, Muhammad and Adam, Mr . "DEVELOP A COHESIVE BUSINESS PLAN" Afribary (2018). Accessed November 23, 2024. https://track.afribary.com/works/bs-pln