The Center for Technology and Investment (“CTI”) is a company dedicated towards bringing technology investment to small rural businesses. This company was founded on the belief that rural small businesses are in dire need of technology consulting and experience. However, they don’t have the resources to hire large multinational companies to do the job.
CTI is a pioneering new force in rural Oregon. It will do this by utilizing innovative funding sources like grants and donations from the owner’s business and other individuals who are interested to support rural Oregon’s economic growth.
CTI’s Management Team consists of Bill Franklin. Mr. Franklin has developed technology in the Silicon Valley for over 35 years, and was one of the first Electrical Engineers to work at the Stanford Research Institute (SRI). Franklin is a leading expert on technological advancement. He owns multiple businesses and sold two of them for a profit.
The market for CTI’s services are not limited to rural Oregon, and if the business expands, it is likely to expand further into the rural West. In the Western United States, there are more than 45,000 rural “mom-and-pop” businesses. A large number of them don’t have any experience in high technology or know little about alternative funding sources.
This investment business plan helps formalize the strategy. This open credit is to provide cash flow management and a $10,000 loan to start with CTI.
1.1 Objectives
The Center for Technology and Investment will serve the needs of approximately 500 clients by Month 4 of Year 1. The Center for Technology Investment will serve the needs of approximately 500 clients by the fourth month. At least 50% will have bought one or more products, and 100% will purchase services.
Below are some financial goals:
- Within the first year achieve a 25% contribution margin on books, software, academic materials, and other products.
- Limit revenue costs to 20%
- From Month 1 to Month 12, net revenue increased 350%
- 30 % net revenue margin in year 1, 35% in year 2.
1.2 Mission
The Center for Technology and Investment (a non-profit organization) was founded to assist rural small businesses in using technology more efficiently. The company’s charter was based on the fact that many rural small business owners don’t have access to the right resources and connections to make technology work for them. Our mission is to fill this gap through training and education of small business owners in how to use their resources effectively and to take advantage of technology available to improve the performance of their businesses.
The organization will have fulfilled its mission when all of its clients have achieved growth rates above 20% combined.
1.3 Keys of Success
Here are some key keys to success.
- Concentrate on the target market. Dig down to several layers of demographics.
- Intricate planning and execution. Quarterly seminars need to be thoroughly researched, with accurate costs understood and fresh content maintained.
- Retainer Consulting must remain low-cost to rural business owners. This must be a small percentage from any SBA program or technology grants that are available to them. CTI should not be seen as a broker of SBA funding, or other funding. Instead, it must serve as a consultant with the expertise to help clients obtain high-level funding in technology.
- Financials must be kept above the highest standards due to nonprofit status in a largely for-profit industry.