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Data Recovery Services Business Plan


Data Recovery Services Business Plan


Data recovery is an often overlooked option when data loss has occurred. TTR Data Recovery Technologies is equipped with the technical expertise and customer support staff to help you solve any disaster recovery issue quickly, efficiently, economically, and inexpensively.

It is estimated that, last year, companies lost data valued at $2 billion dollars through mechanical or electrical failure, virus activity, system malfunctions, accidental erasure or water, fire or smoke damage. TTR Data Recovery Technologies is able to recover mission-critical data even when other methods and experts fail.

TTR Data Recovery Technologies can restore your data in as little as 24 hours, depending on how severe the damage is. Internet connectivity is available for time-sensitive data loss situations.

TTR Data Recovery Technologies uses a proprietary recovery technique that isn’t dependent on the operating system. The company can retrieve crucial data from DOS to Novell, Macintosh and UNIX. TTR Data Recovery Technologies’ engineers are committed to innovation and have created in-house software as well as hardware solutions to retrieve maximum data.

TTR Data Recovery Technologies coowner Dan Whitaker has been an expert in data recovery for more than fifteen years. He has successfully recovered data for Fortune 500 companies, governments and military as well as a number top educational and research institutions.

1.1 Objectives

  • Establish TTR Data Recovery as the national leader in critical data retrieval.
  • During the next two years, the number VARs offering recovery services through TTR Data Recovery will increase by 20%

1.2 Keys to Success

TTR Data Recovery Technologies is a success story.

  1. Innovative solutions for data retrieval
  2. You can trust us to provide timely and reliable solutions. Get the data back to the company in two days at the latest.
  3. An administration that can serve customers and prepare accurate billing. They also follow up on orders. They keep an eye on expenses, collect receivables, and monitor the collection.


Data Recovery Business Plan


Data Recovery Business Plan


Introduction

Electronic Detectives, Inc. aids lawyers to identify, acquire, restore, analyze, and present electronic data in court. Our certified forensic, discovery and testimony experts are full-time and fully trained in acquiring data using Unix, Novell and Linux servers and computers. As experts, our testimony will shape electronic discovery.

The Company

Electronic Detectives will be a limited liability corporation registered in the state of Delaware for tax purposes. The company is currently only open to private investors. It does not intend to go public. The company is headquartered in Portland, Oregon. The company’s main clients will be law firms requiring identification, restoration, and analysis of electronic data.

47% of shares will be owned by the company’s private investors. The remainder will be owned by senior management. This includes Mr. David Radcliffe (20%). Mrs. Julie Walters (10%) and Mr. Brad Rinke (15%). Mr. William Orcott (7%). All other financing will come from loans.

The Services

Electronic Detectives employs experts who are familiar with all commercial operating systems, including Unix, Linux and Novell. Electronic Detectives will provide assistance in 30(b),(6) depositions. The firm will go on-site and inventory data, and look for hidden sources. To protect clients, the company plans to keep well-recorded chains-of custody. Written protocols and internal procedures assure that the work product is able to withstand scrutiny in any jurisdiction. To support our conclusions, our firm will provide detailed written and oral reports, presentations, or analyses. Expert testimony is also something we have extensive experience with in state and federal courts.

The Market

Electronic evidence gathering is a sub-sector of the detective industry. It is so new that it is difficult to gather market data. A look at the profitability and growth potential of an older competitor will give the reader a good idea of the market’s profit and growth potential. Computer Forensics of Bellevue (WA) has been in operation for four years and has seen explosive growth of an average 40% annually. The company’s net worth has risen to 65%, despite significant investment. This shows how high the demand is and how large the growth potential is. This is a market that you should enter immediately to secure a solid position based on customer loyalty and customer satisfaction before other competitors do.

Financial Considerations

The company expects to start making monthly profits in November, the first year, with yearly profits by year 3. Electronic Detectives has received an additional $60,000 credit loan in the event that our predictions prove to be wrong. We need to complete six new projects per month in order to meet our monthly break-even. We expect to have a positive cash flow over the next three-years and begin to repay our various loans.

1.1 Objectives

These are the three-year goals for Electronic Detectives:

  • Breakeven in year two
  • Establish 40 law firm clients by end of year three.
  • Establish minimum 95% customer satisfaction rate.
  • Project completion in 10 days or less

Success Keys 1.2

Electronic detectives’#8217 keys to long-term viability and profitability are:

  • Attracting the best talent in the computer science field and establishing close contacts with those institutions and firms conducting the latest R&D in computer security.
  • Maintaining close contact with clients, and building a solid long-term relationship with them to generate repeat customers and a stellar reputation.
  • Implementing processes to ensure quick, accurate retrieval and client processing.

1.3 Mission

It is the mission of Electronic Detectives to create a new standard in the detective industry. The internet, computers, and the Internet for personal communication and data storage have made it possible to store a lot of court evidence on computers and PDAs. This includes personal files, emails and electronic picture formats. There are very few companies that offer investigative services to institutions or firms that need accurate retrieval of such data.

Electronic Detectives intends to lead the way in establishing standards for customer service, accurate recovery, timeliness, and professionalism that will allow the company to gain significant market share and an agressive, defensible position in the industry.