Company Identification
The company’s name is Edu Tech. It is primarily set out to produce the most user-friendly
hardware and software resources for the education sector. Edu Tech is based at 1004 Payton Ln,
Euless, T
...
Company Identification
The company’s name is Edu Tech. It is primarily set out to produce the most user-friendly
hardware and software resources for the education sector. Edu Tech is based at 1004 Payton Ln,
Euless, TX, USA. It is five rooms home with a kitchen and a sitting room, a cozy place where
awareness and demo sessions could be conveniently held.
Mission of the company
To provide the best IT software resources for the educational institutions all over the USA
that ranging from ideal consultancy to use of smart boards while delivering lecture in the class.
Explanation
The education sector is incomplete without the use of IT. The world shall never stop and
so the following two field’s technology and education would too never stop to grow, develop and
shall continue to get richer. Each day technology has something new to emerge with and so the
company aims to capture such a market share; furthermore, it has a blend of individual
entrepreneurs to corporate clients who not only consider Edu Tech as the most reliable, but
dependable as well when it comes to integration of education and IT.
Edu Tech Business Plan 5
Business Goals
The Business has following goals to achieve in the first calendar year after the launch and
commencement of business:
To apply for a grant out of the government’s reform, Global Partnership for education
Program, so that goods and services could be provided at a lower price initially for
marketing of the business.
To attract at least two not-for-profit clients in this sector.
Keys to Success
Since the company founder Manoj Adhikari himself being an IT student and more
importantly, a student of Business Management Information System. He has an idea of how the
fields can be integrated as a business to run successfully. Moreover, he got the real-time IT
software development experience; furthermore, train-instructor based on his experience and
knowledge and tutor for more than 5 years of life, therefore, he has the advantage of knowing
how a teacher or a professor or an administrator feels when it comes to use of IT resources in
teaching. Furthermore, he also has quick links to the known industry leaders in education, which
can be turned into long-term regular clients.
The other definable success factor for Edu Tech would be to keep its employees are
extensively aware of the changing needs of the sector and how IT could help fulfil those needs.
They would be specifically trained for the sales skills and how only walking and talking could
they advertise the products.
Edu Tech Business Plan 6
Company Summary
Industry History
Mainly, it was the years 2008 to 2011 when the IT resources started to apply in the
education field. Different governments started with research based servers for centralization of
student information, based on population, demographics etc. many public schools in US are
managed by advanced software resources now and worldwide, these software resources are used
to keep track of online programs sources etc. regions like Jamaica, Caribbean and Latin
American states began in the year 1993, to integrate their educational systems with IT and then
number of governments started using these software resources. However, there aren’t many
competitors in this field and market penetration and market expansion are easy to achieve
objectives (Cassidy, 2016).
Legal Form of Ownership
In the beginning, the business would be run as a sole-proprietorship, with only one
employee who would be responsible for software development etc. timely, a content developer
on freelance basis could be hired who would be paid per article. With time, the founder shall
seek opportunities and if feasible, would introduce and admit one to two partners in the business,
which will increase the investment, workforce and working capital as well.
Edu Tech Business Plan 7
Location and Facilities
As mentioned earlier above in the Company Identification, the workplace is 1004 Payton
Ln, Euless, TX, USA which is 5 rooms home with a kitchen. Currently, the property is owned by
the founder. For the first calendar year of 2017 business will lunch on this location and after the
end of year 2017, founder shall either receive money from the partners decreasing his share of
capital or they would together rent a different workplace in Dallas/Fort Worth area. This plan and
place is suitable for the beginning as there would be no other rent expenses. 5 computers have
been set up with broadband internet access, headphones and telephone sets. One computer has
been set up at the home office room which is on the first floor of the house and it is 121 square
foot.
There is a multifunction’s printer set up in the office room and all five computers are WiFi connected into the printer. Two computers in each room upstairs has been set up with the
speakers and headsets and each are 154 square foot. Entire computers and the printers have been
connected to the internet via AT&T business internet. The company business phone line run
through Magicjack and its device uses Voice over Internet Protocol (“VoIP”). Company will have
its business domain name www.Edutechsoloutions.com . All the necessary application to run the
business in the State of Texas has been processed and application for the domain name has been
granted from the Tarrant county where business is located. Separate license from the city is not
required to operate the business if business is registered with the Secretary of the State of Texas.
Management Structure
Edu Tech Business Plan 8
The management structure would be very simple. There will not be several departments
since it is a sole-proprietorship. For the first calendar year of the business, the owner would
manage and supervise the functions of the employees himself. Owner will do the entire market
search on the competitive products that’s need to developed and will with a software developer
who would revise the software as per the market and client’s individual needs. Owner has
already built a prototype of the product to present to the end user’s. The owner will perform the
entire marketing and networking task via different methodology to market EDU Software. Good
point on here is that founder already has several contacts with some educational institutions to
show the demo of the prototype.
Founder Manoj will introduce the EDU Tech software’s among the end users in the
market. In the beginning the owner is going to be the principle and an engineer in the company
to build the product and will perform all the administrative and technical work with business
contracts and clients. Founder will follow Agile Scrum methodology to develop the produces and
it is simple and fast way where end users can have vision of their needs on the product that will
go through different SDLC (Software Development Life Cycle) phases. After meeting the goal of
the business in the first year and generating the revenue, founder Manoj will consider to create
some roles and add new employees based on his business needs.
Products and Services:
Edu Tech has anticipated providing the following products and services to the potential
clients:
Edu Tech Business Plan 9
Education Consultancy: Edu Tech has planned to provide IT consultancy in the education
sector. All clients are not always ready with a plan of action. They need assistance in terms of
server sizes, and most of their queries are based on technical issues, which if resolved, they are
ready to integrate their systems with IT resources. For such clients, Edu Tech shall not only get a
plan ready, but would also help those institutions set up the system and provide after-sales
service in terms of bi-annual evaluation.
Student Information System: The Company has the software idea ready. Once when it begins
with its operations, the software would be coded digitally and become ready to be sold within a
month after the commencement of business. Most importantly, the software has several parts,
which could be taken off or added as extra tools, for the clients willing to pay higher. This
information system would be user friendly, and would consist of several options for research
reports getting ready. Once the data are regularly entered, it would generate the statistical results
and reports on its own, through which the institutes can as well assess their own performance in
several different ways.
Incident Management: It would keep record of any incidents in the IT systems overall, and
would prepare crash reports or potential risk reports prior to it would have happened or could
happen. Along with that, this part of the product would also provide disaster recovery sites if
some incident would have taken place.
Edu Tech Business Plan 10
Data Portal: In this data portal, clients, employees and their customers would register their own
data. Meeting schedules, assessment schedules etc. would be shared here. Parents could login to
see their child’s progress in curricular, co-curricular and extracurricular activities. Moreover,
they could check the due dates of tuition and other fees etc. as well as coming events of the
educational institutions. Appointment with school heads could be set with this data portal and
most importantly, it would be very easy to manage for the educational institutes. It will play the
role of customer relationship management software.
Web development: A number of new tuition centers, schools and education coaching and career
counseling houses don’t have their websites. This would be an opportunity to gain and along
with the consultancy etc., one could easily promote the website development service of the firm
too. These websites could be of great use when it comes to uploading notes, photographs,
admission criteria etc.
IT server outsourcing facilities: Different Educational institutes don’t hire network system
administrators or database operators; hence, they can outsource their data servers and with a
team of collaborative members from those institutions, their server rooms could be outsourced
and taken into use per their needs.
Software for online tutoring programs: Many educational institutes now offer online degrees,
online coaching and tutoring facilities, for which they want to develop an e-library along with a
portal where online, off-site campus students would log in and check their new video lectures
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