1CARD
Business Feasibility Study
New Business Venture
Description
1CARD is a technology company that allows consumers to combine multiple cards into one simple and secure location. 1CARD sees a definitive role in the market for technology that allows users to combine loyalty, membership, gift, and credit cards into one simple and secure card. 1CARD was generated as the product of extensive research on consumer spending habits, which resulted in a clear market opportunity. After researching, there was a noticeable consumer pattern to not only use credit for the majority of transactions, but also to use a loyalty or membership card for most transactions. This led to the strategy to combine all of these numerous cards into one simple and secure card.
We see this technology as being easily accessible and highly affordable to all consumers. 1CARD will be profitable among consumers of all incomes, demographics, and ages. This technology will in no way be limited to a certain area of the market. In any location that credit, loyalty, membership, or gift cards can be used, 1CARD will fulfill a pivotal role. Furthermore, this technology eases the consumers’ burden, as it may be implemented into already existing credit cards. There will be no limit as to the number of cards or the amount of information that can be stored with 1CARD technology. In addition to keeping updated with the retailers’ software, 1CARD will also offer a central web space where balances and transactions may be accessed by the end user.
Opportunity
The recent proliferation of brand and store based loyalty and membership cards have come to burden the consumer. While seemingly counterintuitive, this idea which first started as a consumer convenience has spawned into an explosion in number. Yet many retail outlets are now offering sales or reward points only to those consumers who present their respective card. This need to have many cards at all times has become cumbersome to the consumer who has either a wallet or a keychain overflowing with cards. Furthermore, the consumer tendency towards credit transactions fits ideally with our business model.
Unlike other devices that require you to manually select one card at a time, 1CARD contains all of your information securely and simultaneously. The potential for consumers to carry only one card in their wallets will be very attractive to casual and frequent shoppers alike, of all income and demographic sectors, and reaching to all varieties of retail markets and beyond.
We believe that key selling points are the combination of simplicity and security. The addition of 1CARD to the consumers’ wallet will require little work or cost on their part, and will greatly make up for any inconvenience. Furthermore, just as existing personal identification information is stored on a credit card, so too will all of the additional information be secure and only accessible through qualified retail physical devices.
Methodolo ...
Digits aims to turn any credit or debit card into a crypto card by integrating cryptocurrency payments into the existing credit and debit card networks. This would allow consumers to easily pay for goods and services with cryptocurrency using their existing credit/debit cards. On the backend, purchases would be instantly funded using the consumer's cryptocurrency funds, making the process similar for merchants as traditional card payments. The goal is to increase cryptocurrency adoption by making it as easy to use as traditional payment methods.
The document provides information about contactless payments for businesses. It discusses how contactless payments work using near-field communication technology, are growing in popularity due to their convenience allowing transactions under £20 to be completed in less than a second, and are as secure as chip and pin payments. The document also provides details on how businesses can implement contactless payments including ensuring staff are trained and having signage and explains the benefits to businesses of offering contactless payments such as reducing queues and increasing sales.
E-commerce involves the buying and selling of goods and services over the Internet. It allows businesses to reduce costs through lower labor costs and reduced paperwork. Customers can benefit from lower prices, greater selection of goods, and convenience of online shopping. Common models of e-commerce include business to consumer (B2C), business to business (B2B), and consumer to consumer (C2C). Payment methods include credit cards, debit cards, digital cash, electronic checks, and electronic wallets. Security and privacy are important concerns that online merchants must address to build customer trust in online transactions.
Digital Wallet Technology is most often preferred by smartphones. The reason for this is the comfort of performing our transactions at any time from our smartphones, which are always with us.
An approach of Machine Learning with the Help of Data Stream to Control the ...IRJET Journal
This document summarizes a research paper that proposes using machine learning techniques and data stream processing to improve security when mining databases. The paper describes challenges with current database mining approaches related to security, privacy, memory usage and costs. It then presents an approach using a debit/credit card with an embedded chip that can integrate membership rewards programs from multiple retailers into a single "MultiFare Card". The card would use sensors to detect where it is swiped and update rewards balances. It would leverage an H2 database for security and Oxy Eclipse software to process payments in a lightweight way. The goal is to address database mining challenges through this banking concept and single card while providing benefits to customers and retailers.
Initio Digital Innovation Digest #11 Q4 2018Initio
Quarterly published Digest of most relevant digital innovations in bank and insurance. This quarter: focus on Ecosystems - Beyond Banking and Insurance
If you're looking to develop a digital wallet app, this guide is for you. In this comprehensive guide, we'll take you through the entire process of developing a digital wallet app, from conceptualization to deployment.
The document discusses the future of payments in the 21st century and how new technologies and business models are disrupting traditional payment systems. It analyzes trends like real-time payments, use of unique identifiers like phone numbers and emails, push-based systems like PayPal versus pull-based card networks, improved security and fraud controls, lower processing costs, and the transition away from paper checks and plastic cards to digital and mobile-based payments. PayPal is highlighted as an example of a company leveraging these 21st century innovations to build a highly successful new payments platform.
Digits aims to turn any credit or debit card into a crypto card by integrating cryptocurrency payments into the existing credit and debit card networks. This would allow consumers to easily pay for goods and services with cryptocurrency using their existing credit/debit cards. On the backend, purchases would be instantly funded using the consumer's cryptocurrency funds, making the process similar for merchants as traditional card payments. The goal is to increase cryptocurrency adoption by making it as easy to use as traditional payment methods.
The document provides information about contactless payments for businesses. It discusses how contactless payments work using near-field communication technology, are growing in popularity due to their convenience allowing transactions under £20 to be completed in less than a second, and are as secure as chip and pin payments. The document also provides details on how businesses can implement contactless payments including ensuring staff are trained and having signage and explains the benefits to businesses of offering contactless payments such as reducing queues and increasing sales.
E-commerce involves the buying and selling of goods and services over the Internet. It allows businesses to reduce costs through lower labor costs and reduced paperwork. Customers can benefit from lower prices, greater selection of goods, and convenience of online shopping. Common models of e-commerce include business to consumer (B2C), business to business (B2B), and consumer to consumer (C2C). Payment methods include credit cards, debit cards, digital cash, electronic checks, and electronic wallets. Security and privacy are important concerns that online merchants must address to build customer trust in online transactions.
Digital Wallet Technology is most often preferred by smartphones. The reason for this is the comfort of performing our transactions at any time from our smartphones, which are always with us.
An approach of Machine Learning with the Help of Data Stream to Control the ...IRJET Journal
This document summarizes a research paper that proposes using machine learning techniques and data stream processing to improve security when mining databases. The paper describes challenges with current database mining approaches related to security, privacy, memory usage and costs. It then presents an approach using a debit/credit card with an embedded chip that can integrate membership rewards programs from multiple retailers into a single "MultiFare Card". The card would use sensors to detect where it is swiped and update rewards balances. It would leverage an H2 database for security and Oxy Eclipse software to process payments in a lightweight way. The goal is to address database mining challenges through this banking concept and single card while providing benefits to customers and retailers.
Initio Digital Innovation Digest #11 Q4 2018Initio
Quarterly published Digest of most relevant digital innovations in bank and insurance. This quarter: focus on Ecosystems - Beyond Banking and Insurance
If you're looking to develop a digital wallet app, this guide is for you. In this comprehensive guide, we'll take you through the entire process of developing a digital wallet app, from conceptualization to deployment.
The document discusses the future of payments in the 21st century and how new technologies and business models are disrupting traditional payment systems. It analyzes trends like real-time payments, use of unique identifiers like phone numbers and emails, push-based systems like PayPal versus pull-based card networks, improved security and fraud controls, lower processing costs, and the transition away from paper checks and plastic cards to digital and mobile-based payments. PayPal is highlighted as an example of a company leveraging these 21st century innovations to build a highly successful new payments platform.
Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly on the app. It also gives retailers access to transaction data and analytics to improve business decisions. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as on paper.
Star Cloud Services offers a suite of digital receipt and customer engagement solutions for retailers. Their flagship product, AllReceipts, allows customers to digitally store and manage receipts on their mobile devices. This provides benefits to both retailers and customers by giving retailers access to transaction data and enabling targeted promotions, while allowing customers to conveniently access receipts digitally. Star Cloud Services' solutions help retailers make every sale the start of their next sale through enhanced customer engagement and insights from digital receipt data.
Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly to customers' phones. It also gives retailers insights into customer purchases and behaviors. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as the printed version.
Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly to customers' phones. It also gives retailers insights into customer purchases and behaviors. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as the printed version.
Clear2Pay is a payments consulting firm that helps financial institutions meet EMV and payments standards. They provide expertise on launching EMV card programs and implementing chip and contactless payment technologies. To become an EMV issuer, a financial institution must obtain a BIN from a card network, which allows them to issue cards and facilitates transaction processing. There are typically multiple entities involved in an EMV issuance program, each playing distinct roles in areas like card production, account management, and financial risk.
Secure Payments: How Card Issuers and Merchants Can Stay Ahead of FraudstersCognizant
Our latest research reveals that merchants and card issuers should take a layered approach to mitigating risk, by working with consumers to improve fraud detection and prevention.
Nurun Retail Payments and Transactions Trend Report June 2013Jen Chow
Created by my team and me at Nurun Toronto, this is the third of five trend reports that will inform a strategic foresight report on preparing for the future of retail in North America.
contactless commerce enables a world beyond payment cardsBoni
The document summarizes the growth of contactless payment technology beyond payment cards and into alternate form factors like key fobs and mobile phones. It discusses how over 10 million contactless payment cards were issued in the US in 2005, and how issuers now want to extend the technology to more convenient forms that can be personalized. Key fobs and mobile phones are highlighted as top potential alternatives, though challenges in manufacturing, distribution, and consumer acceptance must still be addressed. The document concludes that successful alternative payment forms will provide similar security assurances as cards while enhancing convenience through customization.
A credit card allows individuals to make purchases and pay back the amount over time, with interest charged on unpaid balances. Credit cards are issued by banks or other financial institutions to customers who can then use them to buy goods and services. Key features of modern credit cards include annual fees, interest charges, cash advance fees, and other penalties. Credit cards provide convenience for purchases but can also contribute to debt if not managed carefully.
There is no denying the fact that credit cards have today become an integral part of our lives, providing speed, comfort, security, and convenience.
Join hands with WebPays, one of the world’s most trusted credit card payment solution. Visit us at: https://webpays.com/credit-card-payment-solution.html
Kurt Schmid discusses digital payment trends and strategies for issuers. He outlines the growth of digital wallets and proximity payments. Tokenization securely digitizes cards and scales payments by using scheme token services. Wallets offer issuers opportunities to build brands and relationships through additional services beyond payments. While third party wallets control interfaces, issuers can deploy their own wallets and enable Apple Pay to retain customer touchpoints. Tokenization also benefits e-commerce by replacing stored card data with tokens to reduce fraud while maintaining security. Issuers should view digital payment investments strategically rather than just financial returns due to benefits like increased customer loyalty and transactions.
White paper-safe-secure-payments-master card-approach-usaCMR WORLD TECH
MasterCard has been innovating payment security solutions for nearly 50 years. They use a multi-layered approach to prevent fraud, including EMV chip cards, tokenization, monitoring of 1.8 billion transactions per month, and consumer protections like limited liability. Their goal is to build a world with safe payments for every person and device. In the rare case that fraud occurs, MasterCard aims to eliminate consumers' financial exposure.
Next generation payment technologies gain acceptanceDawn Kehr
Next generation payment technologies like contactless smart cards, biometrics, and e-commerce payment tools are gaining acceptance due to offering convenience and new security features. These technologies include contactless credit and debit cards that use radio frequencies for payment, fingerprint scanners for retail purchases, and online services like PayPal that allow shopping without sharing credit card information. While improving security, data protection is still a shared responsibility of technology providers and businesses implementing these solutions.
2020's Most Trusted Payment and Card Solutions Providers May2020 - InsightsSu...Merry D'souza
2020’s Most Trusted Payment and Card Solution Providers that are fuelling the digital economy and making sure that millions of transactions being carried out across the globe are safe and secure.
So, with great enthusiasm Insights Success has shortlisted,
“The 10 Most Promising Payment and Card Solution
Providers 2019”, who are working round the clock to make
transactions more secured and efficient.
Also, while flipping the pages don’t forget to go through the
CXOs and articles written by
Tap to Pay transactions are inherently secure. The best payment processor employs technologies such as tokenization and encryption to protect sensitive information, reducing the risk of fraud. To know more about this visit: https://webpays.com/payment-processing-companies.html
This document provides an overview of an e-commerce project submitted by Nitin Kumar for his MBA program. It includes an acknowledgement, declaration, and certificate sections. The main body of the project describes the e-commerce website Jabong.com, including its company profile, history, business models, partnerships, and website overview. It also provides explanations of key e-commerce concepts like electronic payment methods, e-commerce frameworks, the product purchase process, and electronic data interchange.
Business UseWeek 1 Assignment #1Instructions1. Plea.docxfelicidaddinwoodie
Business Use
Week 1: Assignment #1
Instructions
1. Please read these two articles:
· Using forensics against a fitbit device to solve a murder: https://www.cbsnews.com/news/the-fitbit-alibi-21st-century-technology-used-to-help-solve-wisconsin-moms-murder/
· How Amazon Echo could be forensically analyzed! https://www.theverge.com/2017/1/6/14189384/amazon-echo-murder-evidence-surveillance-data
2. Then go around in your residence / dwelling (home, apartment, condo, etc) and be creative.
3. Identify at least five appliances or devices that you THINK could be forensically analyzed and then identify how this might be useful in an investigation. Note - do not count your computer or mobile device. Those are obvious!
4. I expect at least one paragraph answer for each device.
Why did I assign this?
The goal is to have you start THINKING about how any device, that is capable of holding electronic data (and transmitting to the Internet) could be useful in a particular investigation!
Due Date
This is due by Sunday, May 10th at 11:59PM
Surname 6
Informative speech on George Stinney Jr.
A. Info research analysis
The general purpose of the speech was to inform people about the civil injustice being done against the African American community in the United States. The specific purpose of the speech was to portray to the audience how an innocent 14-year old black boy suffered in the hands of the South Carolina State law enforcing officers. He was falsely accused of killing two white girls and electrocuted within two months after conviction.
I decided the topic of my speech after perusing through all the suggested topics ad found that the story of George Stinney Jr. was touching and emotional entirely.
This topic benefits the audience and the society in general by giving them an insight of the cruelty that the American law system has against the African American community. The audience gets to know how the shady investigations were done with claims that George had pleaded guilty to the charges of murder when there was no real evidence tying him to the crime or a signed plea agreement.
The alternative view that I found in the research was the version of the investigating officer of the case who claimed that the 14-year old boy managed to kill two girls aged 11 and 7 with a blunt object and ditch them in a nearby trench. This alternative point of view did not make sense because it is hard for a 14-year old boy to use the force that was reported by postmortem results to kill the girls. Therefore, I knew everything was a lie and I had to take the point of view of George’s innocence.
B. informative outline
Introduction:
George Stinney Jr. was an African American boy born on October 21, 1929 in Pinewood, South Carolina, U.S. He is considered as the youngest person to be executed by the United State government in 20th century.
Main body
Investigations of the alleged crimes (Bickford, 05)
The investigations concerning the alleged crimes of George S.
Business UsePALADIN ASSIGNMENT ScenarioYou are give.docxfelicidaddinwoodie
Business Use
PALADIN ASSIGNMENT
Scenario:
You are given a PC and you are faced with this scenario: you don’t know the password to the PC which means you can’t login so you can use a forensic tool like FTK IMAGER to capture the hard drive as a bit-for-bit forensic image AND/OR
1. The hard drive is either soldiered onto the motherboard (there are some new hard drives like this!) or cannot be removed because the screws are stripped (this has happened to me);
2. Even if you figured out the password or got an admin password the PC may have its USB ports blocked via a GPO policy (this is very common in corporations now);
3. Even if you can get the GPO policy overridden you may have some concerns about putting it on the network (which is true especially if you are dealing with malware).
So what you can you do? The best solution is to boot the PC up into forensically sound environment that lets you bypass the password aspect; GPO policy; etc and take a bit-for-bit image. One software that has done the job very well for me is Paladin.
How to get points
If you can send me a screenshot showing me that you had installed Paladin .ISO and made your USB device a bootable device with Paladin using Rufus then you get 10 points.
If you can send me a screenshot showing that you had a chance to boot your computer into Paladin then you will earn an extra 10 points. It is not necessary for you to take a forensic image of your PC but I have included generic instructions here.
Assumptions:
1. You have downloaded Rufus on your computer
2. You have downloaded Paladin on your computer.
Instructions:
1. Make sure you have at least one USB drive.
2. If not down already, download Rufus from https://rufus.ie/.
3. If not done already, download the Paladin ISO image from this website: https://sumuri.com/product/paladin-64-bit-version-7/ which is free. It’s suggested price is $25.00 but you can adjust the price to $0 then order. To be clear – do not pay anything.
4. Insert the USB device in your computer.
5. Run Rufus where you install the Paladin .ISO file on the USB device and make it bootable. Now I could provide you step by step instructions, but this is a Masters class so I want you to explore a bit and figure this out. One good video is this: https://www.youtube.com/watch?v=V6JehM0WDTI.
6. After you are done using Rufus where you have installed Paladin.ISO on the USB device and made it bootable then make sure the USB device is in the PC.
7. Restart your PC. Press F9(HP) laptop) or F12 (Dell laptop) so you can be taken into the BIOS bootup menu.
8. This is where things get a bit tricky e.g. your compute may be configured differently where you have to adjust your BIOS settings. If you do not feel comfortable doing this then stop here. I do not want you to mess up your computer. You have already earned ten extra points!
9. If you still proceed then you will see a list of bootable devices. You may, for example, see a list of devices. Pick the device .
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Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly on the app. It also gives retailers access to transaction data and analytics to improve business decisions. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as on paper.
Star Cloud Services offers a suite of digital receipt and customer engagement solutions for retailers. Their flagship product, AllReceipts, allows customers to digitally store and manage receipts on their mobile devices. This provides benefits to both retailers and customers by giving retailers access to transaction data and enabling targeted promotions, while allowing customers to conveniently access receipts digitally. Star Cloud Services' solutions help retailers make every sale the start of their next sale through enhanced customer engagement and insights from digital receipt data.
Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly to customers' phones. It also gives retailers insights into customer purchases and behaviors. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as the printed version.
Star Cloud Services offers a digital receipt solution that transforms paper receipts into digital transaction data accessible through their AllReceipts app. This allows retailers to better engage with customers by providing promotions, surveys and customized receipt backs directly to customers' phones. It also gives retailers insights into customer purchases and behaviors. The digital receipt solution bridges the gap between printed and digital receipts by ensuring customers have the same information on their phone as the printed version.
Clear2Pay is a payments consulting firm that helps financial institutions meet EMV and payments standards. They provide expertise on launching EMV card programs and implementing chip and contactless payment technologies. To become an EMV issuer, a financial institution must obtain a BIN from a card network, which allows them to issue cards and facilitates transaction processing. There are typically multiple entities involved in an EMV issuance program, each playing distinct roles in areas like card production, account management, and financial risk.
Secure Payments: How Card Issuers and Merchants Can Stay Ahead of FraudstersCognizant
Our latest research reveals that merchants and card issuers should take a layered approach to mitigating risk, by working with consumers to improve fraud detection and prevention.
Nurun Retail Payments and Transactions Trend Report June 2013Jen Chow
Created by my team and me at Nurun Toronto, this is the third of five trend reports that will inform a strategic foresight report on preparing for the future of retail in North America.
contactless commerce enables a world beyond payment cardsBoni
The document summarizes the growth of contactless payment technology beyond payment cards and into alternate form factors like key fobs and mobile phones. It discusses how over 10 million contactless payment cards were issued in the US in 2005, and how issuers now want to extend the technology to more convenient forms that can be personalized. Key fobs and mobile phones are highlighted as top potential alternatives, though challenges in manufacturing, distribution, and consumer acceptance must still be addressed. The document concludes that successful alternative payment forms will provide similar security assurances as cards while enhancing convenience through customization.
A credit card allows individuals to make purchases and pay back the amount over time, with interest charged on unpaid balances. Credit cards are issued by banks or other financial institutions to customers who can then use them to buy goods and services. Key features of modern credit cards include annual fees, interest charges, cash advance fees, and other penalties. Credit cards provide convenience for purchases but can also contribute to debt if not managed carefully.
There is no denying the fact that credit cards have today become an integral part of our lives, providing speed, comfort, security, and convenience.
Join hands with WebPays, one of the world’s most trusted credit card payment solution. Visit us at: https://webpays.com/credit-card-payment-solution.html
Kurt Schmid discusses digital payment trends and strategies for issuers. He outlines the growth of digital wallets and proximity payments. Tokenization securely digitizes cards and scales payments by using scheme token services. Wallets offer issuers opportunities to build brands and relationships through additional services beyond payments. While third party wallets control interfaces, issuers can deploy their own wallets and enable Apple Pay to retain customer touchpoints. Tokenization also benefits e-commerce by replacing stored card data with tokens to reduce fraud while maintaining security. Issuers should view digital payment investments strategically rather than just financial returns due to benefits like increased customer loyalty and transactions.
White paper-safe-secure-payments-master card-approach-usaCMR WORLD TECH
MasterCard has been innovating payment security solutions for nearly 50 years. They use a multi-layered approach to prevent fraud, including EMV chip cards, tokenization, monitoring of 1.8 billion transactions per month, and consumer protections like limited liability. Their goal is to build a world with safe payments for every person and device. In the rare case that fraud occurs, MasterCard aims to eliminate consumers' financial exposure.
Next generation payment technologies gain acceptanceDawn Kehr
Next generation payment technologies like contactless smart cards, biometrics, and e-commerce payment tools are gaining acceptance due to offering convenience and new security features. These technologies include contactless credit and debit cards that use radio frequencies for payment, fingerprint scanners for retail purchases, and online services like PayPal that allow shopping without sharing credit card information. While improving security, data protection is still a shared responsibility of technology providers and businesses implementing these solutions.
2020's Most Trusted Payment and Card Solutions Providers May2020 - InsightsSu...Merry D'souza
2020’s Most Trusted Payment and Card Solution Providers that are fuelling the digital economy and making sure that millions of transactions being carried out across the globe are safe and secure.
So, with great enthusiasm Insights Success has shortlisted,
“The 10 Most Promising Payment and Card Solution
Providers 2019”, who are working round the clock to make
transactions more secured and efficient.
Also, while flipping the pages don’t forget to go through the
CXOs and articles written by
Tap to Pay transactions are inherently secure. The best payment processor employs technologies such as tokenization and encryption to protect sensitive information, reducing the risk of fraud. To know more about this visit: https://webpays.com/payment-processing-companies.html
This document provides an overview of an e-commerce project submitted by Nitin Kumar for his MBA program. It includes an acknowledgement, declaration, and certificate sections. The main body of the project describes the e-commerce website Jabong.com, including its company profile, history, business models, partnerships, and website overview. It also provides explanations of key e-commerce concepts like electronic payment methods, e-commerce frameworks, the product purchase process, and electronic data interchange.
Similar to 1CARDBusiness Feasibility StudyNew Business VentureDescrip.docx (20)
Business UseWeek 1 Assignment #1Instructions1. Plea.docxfelicidaddinwoodie
Business Use
Week 1: Assignment #1
Instructions
1. Please read these two articles:
· Using forensics against a fitbit device to solve a murder: https://www.cbsnews.com/news/the-fitbit-alibi-21st-century-technology-used-to-help-solve-wisconsin-moms-murder/
· How Amazon Echo could be forensically analyzed! https://www.theverge.com/2017/1/6/14189384/amazon-echo-murder-evidence-surveillance-data
2. Then go around in your residence / dwelling (home, apartment, condo, etc) and be creative.
3. Identify at least five appliances or devices that you THINK could be forensically analyzed and then identify how this might be useful in an investigation. Note - do not count your computer or mobile device. Those are obvious!
4. I expect at least one paragraph answer for each device.
Why did I assign this?
The goal is to have you start THINKING about how any device, that is capable of holding electronic data (and transmitting to the Internet) could be useful in a particular investigation!
Due Date
This is due by Sunday, May 10th at 11:59PM
Surname 6
Informative speech on George Stinney Jr.
A. Info research analysis
The general purpose of the speech was to inform people about the civil injustice being done against the African American community in the United States. The specific purpose of the speech was to portray to the audience how an innocent 14-year old black boy suffered in the hands of the South Carolina State law enforcing officers. He was falsely accused of killing two white girls and electrocuted within two months after conviction.
I decided the topic of my speech after perusing through all the suggested topics ad found that the story of George Stinney Jr. was touching and emotional entirely.
This topic benefits the audience and the society in general by giving them an insight of the cruelty that the American law system has against the African American community. The audience gets to know how the shady investigations were done with claims that George had pleaded guilty to the charges of murder when there was no real evidence tying him to the crime or a signed plea agreement.
The alternative view that I found in the research was the version of the investigating officer of the case who claimed that the 14-year old boy managed to kill two girls aged 11 and 7 with a blunt object and ditch them in a nearby trench. This alternative point of view did not make sense because it is hard for a 14-year old boy to use the force that was reported by postmortem results to kill the girls. Therefore, I knew everything was a lie and I had to take the point of view of George’s innocence.
B. informative outline
Introduction:
George Stinney Jr. was an African American boy born on October 21, 1929 in Pinewood, South Carolina, U.S. He is considered as the youngest person to be executed by the United State government in 20th century.
Main body
Investigations of the alleged crimes (Bickford, 05)
The investigations concerning the alleged crimes of George S.
Business UsePALADIN ASSIGNMENT ScenarioYou are give.docxfelicidaddinwoodie
Business Use
PALADIN ASSIGNMENT
Scenario:
You are given a PC and you are faced with this scenario: you don’t know the password to the PC which means you can’t login so you can use a forensic tool like FTK IMAGER to capture the hard drive as a bit-for-bit forensic image AND/OR
1. The hard drive is either soldiered onto the motherboard (there are some new hard drives like this!) or cannot be removed because the screws are stripped (this has happened to me);
2. Even if you figured out the password or got an admin password the PC may have its USB ports blocked via a GPO policy (this is very common in corporations now);
3. Even if you can get the GPO policy overridden you may have some concerns about putting it on the network (which is true especially if you are dealing with malware).
So what you can you do? The best solution is to boot the PC up into forensically sound environment that lets you bypass the password aspect; GPO policy; etc and take a bit-for-bit image. One software that has done the job very well for me is Paladin.
How to get points
If you can send me a screenshot showing me that you had installed Paladin .ISO and made your USB device a bootable device with Paladin using Rufus then you get 10 points.
If you can send me a screenshot showing that you had a chance to boot your computer into Paladin then you will earn an extra 10 points. It is not necessary for you to take a forensic image of your PC but I have included generic instructions here.
Assumptions:
1. You have downloaded Rufus on your computer
2. You have downloaded Paladin on your computer.
Instructions:
1. Make sure you have at least one USB drive.
2. If not down already, download Rufus from https://rufus.ie/.
3. If not done already, download the Paladin ISO image from this website: https://sumuri.com/product/paladin-64-bit-version-7/ which is free. It’s suggested price is $25.00 but you can adjust the price to $0 then order. To be clear – do not pay anything.
4. Insert the USB device in your computer.
5. Run Rufus where you install the Paladin .ISO file on the USB device and make it bootable. Now I could provide you step by step instructions, but this is a Masters class so I want you to explore a bit and figure this out. One good video is this: https://www.youtube.com/watch?v=V6JehM0WDTI.
6. After you are done using Rufus where you have installed Paladin.ISO on the USB device and made it bootable then make sure the USB device is in the PC.
7. Restart your PC. Press F9(HP) laptop) or F12 (Dell laptop) so you can be taken into the BIOS bootup menu.
8. This is where things get a bit tricky e.g. your compute may be configured differently where you have to adjust your BIOS settings. If you do not feel comfortable doing this then stop here. I do not want you to mess up your computer. You have already earned ten extra points!
9. If you still proceed then you will see a list of bootable devices. You may, for example, see a list of devices. Pick the device .
Business UsePractical Connection WorkThis work is a writte.docxfelicidaddinwoodie
Business Use
Practical Connection Work
This work is a written assignment where students will demonstrate how this course research has connected and been put into practice within their own career.
Assignment:
Provide a reflection of at least 500 words of how the knowledge, skills, or theories of this course, to date, have been applied, or could be applied, in a practical manner to your current work environment.
If you are not currently working, then this is where you can be creative and identify how you THINK this could be applied to an employment opportunity in your field of study.
Requirements:
Provide a 500 word minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
You should NOT provide an overview of the assignments given in the course. Reflect and write about how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
// Pediatric depressionTherapy for Pediatric Clients with Mood Disorders
An African American Child Suffering From Depression
BACKGROUND INFORMATION
The client is an 8-year-old African American male who arrives at the ER with his mother. He is exhibiting signs of depression.
Client complained of feeling “sad” Mother reports that teacher said child is withdrawn from peers in class Mother notes decreased appetite and occasional periods of irritation Client reached all developmental landmarks at appropriate ages Physical exam unremarkable Laboratory studies WNL Child referred to psychiatry for evaluation Client seen by Psychiatric Nurse Practitioner
MENTAL STATUS EXAM
Alert & oriented X 3, speech clear, coherent, goal directed, spontaneous. Self-reported mood is “sad”. Affect somewhat blunted, but child smiled appropriately at various points throughout the clinical interview. He denies visual or auditory hallucinations. No delusional or paranoid thought processes noted. Judgment and insight appear to be age-appropriate. He is not endorsing active suicidal ideation, but does admit that he often thinks about himself being dead and what it would be like to be dead.
The PMHNP administers the Children's Depression Rating Scale, obtaining a score of 30 (indicating significant depression)
RESOURCES
§ Poznanski, E., & Mokros, H. (1996). Child Depression Rating Scale--Revised. Los Angeles, CA: Western Psychological Services.
Decision Point OneSelect what the PMHNP should do:Begin Zoloft 25 mg orally daily
Begin Paxil 10 mg orally daily
Begin Wellbutrin 75 mg orally BID
.
Business System Analyst
SUMMARY:
· Cognos Business In experience intelligence with expertise in Software Design, Development, and Analysis, Teradata, Testing, Data Warehouse and Business Intelligence tools.
· Expertise in Cognos 11/10.2, 10.1, 8.x (Query Studio, Report Studio, Analysis Studio, Business Insight/Workspace, Business Insight/Workspace Advanced, Metric Studio (Score carding), Framework Manager, Cognos Connection)
· Expertise in Installation and Configuration of Cognos BI Products in Distributed environment on Windows
· Expertise with Framework Manager Modeling (Physical Layer, Business Layer, Packages) and Complex Report building with Report Studio.
· Expertise developing complex reports using drill-through reports, prompts, dashboards, master-detail, burst-reports, dynamic filtering in Cognos.
· Expertise in creating Dashboard reports using Java Script in Report studio.
· Expertise in building scorecard reports and dashboard reports using metric studio.
· Expertise with Transformer models and cubes that were used in Power play analysis and also these cubes were used in various Analysis Studio reports.
· Expertise with MDX Functions in Report Studio using Multi-dimensional Sources.
· Expertise with Cognos security (LDAP, Active Directory, Access manager, object level security, data security).
· Expertise with Tabbed Inter-phases and with Interactive Behavior of value based chart highlighting.
· Sound Skills in developing SQL Scripts, PL/SQL Stored Procedures, functions, packages.
· Expertise on production support and troubleshoot/test issues with existing reports and cubes.
· Experienced with MS SQL Server BI Tools like SSIS, SSRS and SSAS.
· Expertise in creation of packages, Data and Control tasks, Reports and Cubes using MS SQL Server BI Tools.
· Ability to translate business requirements into technical specifications and interact with end users to gather requirements for reporting.
· Good understanding of business process in Financial, Insurance and Healthcare areas.
· Expertise in infrastructure design for the cognos environment and security setup for different groups as per business requirement.
· Creating training material on all the Ad-Hoc training
· Expertise in all the basic administrative tasks like deployments, routing rule setup’s , user group setup , folder level securities etc.
· Have deployment knowledge of IBM Cognos report in Application servers like WAS.
· Have knowledge on handling securities and administration functionalities on IBM Cognos 10.x
· Good work ethics, detail oriented, fast learner, team oriented, flexible and adaptable to all kinds of stressful environments. Possess excellent communication and interpersonal skills.
Technical Skills:
BI Platform
Cognos 11,10.2, 10.1, 8.x (Query Studio, Report Studio, Analysis Studio, Business Insight/Workspace, Business Insight/Workspace Advanced, Metric Studio (Score carding), Framework Manager, Cognos Connection)
Data Base
MS Access, MS SQL Server, Orac.
Business StrategyOrganizations have to develop an international .docxfelicidaddinwoodie
Business Strategy
Organizations have to develop an international Human Resources Management Strategy, when they expand globally. Which do you think is more critical for international Human Resource Management:
Understanding the cultural environment, or
Understanding the political and legal environment?
Please choose 1 position and give a rationale; examples are also a way to demonstrate your understanding of the learning concepts.
.
Business StrategyGroup BCase Study- KFC Business Analysis.docxfelicidaddinwoodie
Business Strategy
Group B
Case Study- KFC Business Analysis
Abstract
Introduced in 1952 by Colonel Sanders
Second largest restaurant chain today in terms of popularity
Annual revenue of $23 billion
Diversified its menu to suit cultural needs of people across different countries
Hindering factors in KFC’s growth are growing consumer health consciousness, animal welfare criticism, environmental criticism
Introduction
KFC was born in 1952 and its founder was Colonel Sanders
First franchise to grow globally over international market
By the 1960s – 1980s the market was booming in countries like England, Mexico, China
Management and ownership transferred over the years to Heublin, Yum Brands and PepsiCo.
Annual revenue of $23 billion in 2013
KFC had expanded its menu to suit cultural needs of people across different countries
Hindering factors in KFC’s growth are growing consumer health consciousness, animal welfare criticism, environmental criticism, logistic management issue in UK, cultural differences in Asian countries towards accepting the fried chicken menu.
Factors contributing to KFC’s global success
The core reason for KFCs success is it’s mandate to follow strict franchise protocols that have continuously satisfied customers demands:
The quality of the chicken cooked in KFC has certain specific guidelines
The size of the restaurant should be 24x60 feet.
The restaurant washrooms and ktichen has certain cleanliness standards
Food that is not sold off needs to be trashed
The workers need to have a specific clothing and uniform.
A certain % of the gross earnings should be used for advertisement and R&D
Air conditioning is mandatory in the outlets
Global number of KFC restaurants in the past decade
Importance of cultural factors to KFC’s sales success in India and China
Culture is the collective programming of the human mind that distinguishes the members of one human group from those of another. Culture in this sense is a system of collectively held values
“Culture is everything that people have, think, and do as members of their society”, which demonstrating that culture is made up of (1) material objects; (2) ideas, values, attitudes and beliefs; and (3) specified, or expected behavior.
Many scholars have theorized and studied the notion of cross-cultural adaptation, which tends to move from one culture to another one, by learning the elements such as rules, norms, customs, and language of the new culture (Oberg 1960, Keefe and Padilla 1987, Kealey 1989). According to Ady (1995),
“Cultural adaptation is the evolutionary process by which an individual modifies his personal habits and customs to fit into a particular culture. It can also refer to gradual changes within a culture or society that occur as people from different backgrounds participating in the culture and sharing their perspectives and practices.”
Cultural factors in India that go against KFC’s original recipe.
.
Business Strategy Differentiation, Cost Leadership, a.docxfelicidaddinwoodie
This document discusses various concepts related to business strategy and competitive advantage. It begins by defining a business-level strategy and outlining the "who, what, why, and how" of competing for advantage. It then discusses how industry and firm effects jointly determine competitive advantage. Key ideas around generating and sustaining advantage through barriers to imitation are presented. The document also discusses concepts like differentiation advantage, cost leadership, learning curves, economies of scale, value chains, and the resource-based view of the firm. Strategic coherence and dynamic strategic activity systems are defined.
Business RequirementsReference number Document Control.docxfelicidaddinwoodie
Business Requirements
Reference number:
Document Control
Change Record
Date
Author
Version
Change Reference
Reviewers
Name
Position
Table of Contents
2Document Control
1
Business Requirements
4
1.1
Project Overview
4
1.2
Background including current process
4
1.3
Scope
4
1.3.1
Scope of Project
4
1.3.2
Constraints and Assumptions
5
1.3.3
Risks
5
1.3.4
Scope Control
5
1.3.5
Relationship to Other Systems/Projects
5
1.3.6
Definition of Terms (if applicable)
5
1 Business Requirements
1.1 Project Overview
Provide a short, yet complete, overview of the project.
1.2 Background including current process
Describe the background to the project, (same section may be reused in the Quality Plan) include:
This project is
The project goal is to
The IT role for this project is
1.3 Scope
1.3.1 Scope of Project
The scope of this project includes a number of areas. For each area, there should be a corresponding strategy for incorporating these areas into the overall project.
Applications
In order to meet the target production date, only these applications will be implemented:
Sites
These sites are considered part of the implementation:
Process Re-engineering
Re-engineering will
Customization
Customizations will be limited to
Interfaces
the interfaces included are:
Architecture
Application and Technical Architecture will
Conversion
Only the following data and volume will be considered for conversion:
Testing
Testing will include only
Funding
Project funding is limited to
Training
Training will be
Education
Education will include
1.3.2 Constraints and Assumptions
The following constraints have been identified:
The following assumptions have been made in defining the scope, objectives and approach:
1.3.3 Risks
The following risks have been identified as possibly affecting the project during its progression:
1.3.4 Scope Control
The control of changes to the scope identified in this document will be managed through the Change Control, with business owner representative approval for any changes that affect cost or timeline for the project.
1.3.5 Relationship to Other Systems/Projects
It is the responsibility of the business unit to inform IT of other business initiatives that may impact the project. The following are known business initiatives:
1.3.6 Definition of Terms (if applicable)
List any definitions that will be used throughout the duration of the project.
5
A working structure is the fundamental programming that bargains with all the mechanical social affair and other programming on a PC. It other than pulls in us to visit with the PC without perceiving how to talk the piece PC programs language's. A working structure is inside theory of programming on a contraption that keeps everything together. Working systems visit with the's contraption. They handle everything from your solace and mice to the Wi-Fi radio, gathering contraptions, and show. Symbolically, a worki.
Business ProposalThe Business Proposal is the major writing .docxfelicidaddinwoodie
Business Proposal
The Business Proposal is the major writing assignment in the course. You are to create and submit a formal proposal that suggests how to change something within an organization. This organization can be large or small, a place of employment now or in the past, or an organization to which the students belong. From past experiences, it is best to use a business with fewer than 200 employees, and one with which you have personal experience. It could be a place where you currently work or a place you have worked or volunteered in the past.
The change can be specific to a unit or can apply to the whole organization; it can relate to how important information is distributed, who has access to important information, how information is accessed, or any other change in practices the students see as having a benefit. The proposal should be directed to the person or committee with the power to authorize the change. However, if you are working within a large organization, and asking for a small organizational change, communicating with a CEO or president may not make the most sense. You need to think about who within the organization might be the best person for the type of change suggested.
For the submission, you are to follow the guidelines for formal proposals available in Chapter 10 of the text. You can review 10.1, 10.4, and 10.19 for more information about specific components for a well-written formal business proposal. A complete proposal must have all required sections of a formal report excluding the copy of an RFP and the Authorization. The final draft of the proposal should be 1500–2000 words, and include the following necessary formal proposal components:
Letter of transmittal
Executive summary
Title page
Table of contents
List of illustrations
Introduction
Background: Purpose/problem
Proposal: plan, schedule, details
Staffing
Budget
Appendix
Formatting does matter for this assignment, and you are to check the text for details about how to format and draft the different proposal segments. Proposals don't just have text; graphics and charts are necessary, too. In addition, research is important, and footnotes and references must be included. All content should be concise, clear, and detailed. The proposal should be well-written with appropriate grammar, spelling, and punctuation.
This is a scaffolded writing project that consists of four assignments.
.
Business ProjectProject Progress Evaluation Feedback Form .docxfelicidaddinwoodie
Business Project
Project Progress Evaluation
Feedback Form Week 3
Date:
__________________________________________________
Student Name:
__________________________________________________
__________________________________________________
Project Title: Effect Of Increasing Training Budget
Project Type: Business Research
Researchers:
Has a topic been chosen and a problem statement created?
Yes { } NO { }
Was the problem statement submitted in a 1-4 page paper that includes an introduction to the topic with appropriate documentation?
Yes { } No { }
Specifically, if any, needs additional content or rewriting to create more clarity? What specific recommendations do you have to help in this process?
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
What is your workable timetable that states specific objectives and target completion dates for completing the final draft of the plan? Write the timetable below:
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
Feedback Form #3 – Project Proposal and Plan
▼
THE UK’S LEADING PROVIDER OF EXPERT SERVICES FOR IT PROFESSIONALS
NATIONAL COMPUTING CENTRE
IT Governance
Developing a successful governance strategy
A Best Practice guide for decision makers in IT
IT Governance
Developing a successful governance strategy
A Best Practice guide for decision makers in IT
The effective use of information technology is now an accepted organisational imperative - for
all businesses, across all sectors - and the primary motivation; improved communications and
commercial effectiveness. The swift pace of change in these technologies has consigned many
established best practice approaches to the past. Today's IT decision makers and business
managers face uncertainty - characterised by a lack of relevant, practical, advice and standards
to guide them through this new business revolution.
Recognising the lack of available best practice guidance, the National Computing Centre has
created the Best Practice Series to capture and define best practice across the key aspects of
successful business.
Other Titles in the NCC Best Practice series:
IT Skills - Recruitment and Retention ISBN 0-85012-867-6
The New UK Data Protection Law ISBN 0-85012-868-4
Open Source - the UK opportunity ISBN 0-85012-874-9
Intellectual Property Rights - protecting your intellectual assets ISBN 0-85012-872-2
Aligning IT with Business Strategy ISBN 0-85012-889-7
Enterprise Architecture - underst.
BUSINESS PROCESSES IN THE FUNCTION OF COST MANAGEMENT IN H.docxfelicidaddinwoodie
BUSINESS PROCESSES IN THE FUNCTION OF COST
MANAGEMENT IN HEALTHCARE INSTITUTIONS
1
1
st
IVANA DRAŽIĆ LUTILSKY
Departement of Accounting
Faculty of Economics and Business
University of Zagreb
Croatia
[email protected]
2
nd
LUCIJA JUROŠ
Faculty of Economics and Business
[email protected]
Abstract: This paper is dealing with the importance of business processes regarding costs
tracking and cost management in healthcare institutions. Various changes within the health
care system and funding of hospitals require the introduction of management information
systems and cost accounting. The introduction of cost accounting in public hospitals would
allow the planning and control of costs, monitoring of costs per patient or service and the
calculation of indicators for the analysis and assessment of the economic performance of the
business of public hospitals and lead to the transparency of budget spending. A model that
would be suited to the introduction in the public hospital is full cost allocation model based on
activities or processes that occur, known as the ABC method. Given that this is a calculation
of cost of services provided through various internal business processes, it is important to
identify all business processes in order to be able to calculate the costs incurred by services.
Although the hospital does not do business with the aim to make a profit, they must follow all
the costs (direct and indirect) to be able to calculate the full costs i.e. the price of the service
provided. In addition, the long-term sustainability of business activities in terms of funding
difficulties and the continuous growth of cost of services provided, hospitals must control and
reduce the cost of the program and specific activities. Therefore, the objective of this paper is
to point out the importance of business processes while introducing ABC method.
Keywords: Business Processes, Cost management, ABC method, Healthcare Institutions
1
This work has been fully supported by University of Zagreb funding the project “Business processes in the
implementation of cost management in healthcare system”, Any opinions, findings, and conclusions or
recommendations expressed in this paper are those of the authors and do not necessarily reflect the views of
University of Zagreb.
mailto:[email protected]
1 Introduction
In recent years, the efficiency of the management in health care services and the system of
quality in health care institutions significantly increased. Patients expect more from
healthcare providers and higher standards of care. At the same time, those who pay for
health services are increasingly concerned about the rising costs of health care services, but
also the potential ineffectiveness of the health care system. Consequently, there is a broad
interest in understanding the ways of efficient work of health care management and .
Business Process Management JournalBusiness process manageme.docxfelicidaddinwoodie
Business Process Management Journal
Business process management: a maturity assessment of Saudi Arabian
organizations
Omar AlShathry,
Article information:
To cite this document:
Omar AlShathry, (2016) "Business process management: a maturity assessment of Saudi Arabian
organizations", Business Process Management Journal, Vol. 22 Issue: 3, pp.507-521, https://
doi.org/10.1108/BPMJ-07-2015-0101
Permanent link to this document:
https://doi.org/10.1108/BPMJ-07-2015-0101
Downloaded on: 04 September 2018, At: 00:11 (PT)
References: this document contains references to 26 other documents.
To copy this document: [email protected]
The fulltext of this document has been downloaded 1083 times since 2016*
Users who downloaded this article also downloaded:
(2016),"Process improvement for professionalizing non-profit organizations: BPM approach",
Business Process Management Journal, Vol. 22 Iss 3 pp. 634-658 <a href="https://doi.org/10.1108/
BPMJ-08-2015-0114">https://doi.org/10.1108/BPMJ-08-2015-0114</a>
(2016),"Ownership relevance in aspect-oriented business process models", Business
Process Management Journal, Vol. 22 Iss 3 pp. 566-593 <a href="https://doi.org/10.1108/
BPMJ-01-2015-0006">https://doi.org/10.1108/BPMJ-01-2015-0006</a>
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*Related content and download information correct at time of download.
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Business process management:
a maturity assessment of Saudi
Arabian organizations
Omar AlShathry
Department of Information Systems,
Imam Mohammed Bin Saud University, Riyadh, Saudi Arabia
Abstract
Purpose – Business Process Management (BPM) has become increasingly common among organizations
in d.
Business Plan[Your Name], OwnerPurdue GlobalBUSINESS PLANDate.docxfelicidaddinwoodie
Business Plan[Your Name], Owner
Purdue Global
BUSINESS PLAN
Date
1. EXECUTIVE SUMMARY
1.1 Product
1.2 Customers
1.3 What Drives Us
2. COMPANY DESCRIPTION
2.1 Mission and Vision Statements
2.2 Principal Members at Startup (In Unit 7 you will expand on this section to include medium and long term personnel plans for all team members, including the line staff.)
2.2.1 Using chapter 10 of your text, write the plan, using the section in Chapter 10 that shows how to introduce each team member and describe their background and responsibilities. You will start with the leaders and managers, then discuss other employees as needed for your company to grow.
2.2.2 Use this spreadsheet to show the planning
Leaders/managers (unit 1)
When needed (number of months/years after opening)
Outside Services Needed
Key Functions
Add line staff (Unit 7)
2.3 Legal Structure
3. MARKET RESEARCH
3.1 Industry (from SBA, Business Guides by Industry, and Bureau of Labor Statistics)
3.1.1 Industry description
3.2.1 Resources used
3.2 Customers (from SBA site fill in worksheet, then use text for spreadsheets and follow-up explanations)
Add SBA part here:
Then, fill in spreadsheet using this example from the text:
Housewife:
Married Couple:
Age:
35–65
Age:
35–55
Income:
Fixed
Income:
Medium to high
Sex:
Female
Sex:
Male or Female
Family:
Children living at home
Family:
0 to 2 children
Geographic:
Suburban
Geographic:
Suburban
Occupation:
Housewife
Occupation:
Varies
Attitude:
Security minded
Attitude:
Security minded, energy conscious
Older Couple:
Elderly:
Age:
55–75
Age:
70+
Income:
High or fixed
Income:
Fixed
Sex:
Male or Female
Sex:
Male or Female
Family:
Empty nest
Family:
Empty nest
Geographic:
Suburban
Geographic:
Suburban
Occupation:
White-collar or retired
Occupation:
Retired
Attitude:
Security minded, energy conscious
Attitude:
Security minded, energy conscious
Explain who you are targeting and where they are located. Insert information here using these guidelines:
Information About Your Target Market – Narrow your target market to a manageable size. Many businesses make the mistake of trying to appeal to too many target markets. Research and include the following information about your market:
Distinguishing characteristics – What are the critical needs of your potential customers? Are those needs being met? What are the demographics of the group and where are they located? Are there any seasonal or cyclical purchasing trends that may impact your business?
Size of the primary target market – In addition to the size of your market, what data can you include about the annual purchases your market makes in your industry? What is the forecasted market growth for this group? For more information, see the market research guide for tips and free government resources that can help you build a market profile.
How much market share can you gain? – What is the market share.
Business PlanCover Page Name of Project, Contact Info, Da.docxfelicidaddinwoodie
Business Plan
Cover Page
Name of Project, Contact Info, Date
Picture/graphics
Table of Contents
Executive Summary
The Company
The Project
The Industry
The Market
Distribution
Risk Factors
Financing
Sources
List of sources, specific articles, and websites
I WILL PROVIDE MORE INFORMATION IN CHAT TO COMPLETE PROPOSAL.
.
Business Planning and Program Planning A strategic plan.docxfelicidaddinwoodie
This document discusses business planning and program planning. It explains that a strategic plan specifies how a program will achieve its objectives, while a business plan defines the path of a business and includes its organizational structure and financial projections. The document also discusses how the financial projection element of a business plan can impact a program's strategic planning process by influencing the program's budget. Finally, it notes that a program plan should include a funding request, as outlined in a business plan, to help secure necessary resources and facilitate achieving the program's goals and objectives.
Business Plan In your assigned journal, describe the entity you wil.docxfelicidaddinwoodie
Business Plan: In your assigned journal, describe the entity you will utilize and explain your decision.
Must be:
At required length or longer
Written in American English at graduate level
Received on or before the deadline
Must pass turn it in
Written in APA with references
.
Business Plan Part IVPart IV of the Business PlanPart IV of .docxfelicidaddinwoodie
Business Plan Part IV
Part IV of the Business Plan
Part IV of the business plan is due in week 7. Together with this part, you must show to your instructor that you have implemented the necessary corrections based on the part I feedback.
Part IV Requirements
1. Financials Plan
a. Present an in-depth narrative to demonstrate the viability of your business to justify the need for funding.
b. In this section describe financial estimates and rationale which include financial statements and forms that document the viability of your proposed business and its soundness as an investment.
c. Tables and figures must be introduced in the narrative.
i. Describe the form of business (sole-proprietor, LLC, or Corporation).
ii. Prepare three-year projections for income, expenses, and sources of funds.
iii. Base predictions on industry and historical trends.
iv. Make realistic assumptions.
v. Allow for funding changes at different stages of your company’s growth.
vi. Present a written rationale for your projections.
vii. Indicate your startup costs.
viii. Detail how startup funds will be used to advance your proposed business
ix. List current capital and any other sources of funding you may have
x. Document your calculations.
xi. Use reasonable estimates or actual data (where possible).
2. Continuous Improvement System
a. Present a brief summary of the continuous improvement processes that you will utilize for quality management (Six sigma, TQM, etc).
.
BUSINESS PLAN FORMAT Whether you plan to apply for a bu.docxfelicidaddinwoodie
BUSINESS PLAN FORMAT
Whether you plan to apply for a business loan or not, you need to have a roadmap or plan to get you from where you are to the successful operation of your business. The pages that follow demonstrate the content of a simple business plan which has been found to be successful in obtaining startup funds from banks. You are encouraged to use all or whatever portions of this fit your business.
Please DO NOT write page after page of drivel or copy from someone else’s plan or one of those templates you can find on the Internet. In most cases this will not “sound" like you, nor will it be short and to the point. Those who read these things are busy people and will not be inclined to spend time reading irrelevant paperwork.
Throughout this sample, there are
italicized
comments which are meant to guide you in preparation. If you follow this format it is reasonable to expect a finished document with 15-20 pages plus the supporting documents in the last section.
If you have good quality pictures of your space, products or other items, you might include them as another way to convey just what you plan to do. A map of your location, diagram of floor space, or other illustration is also sometimes helpful. On the other hand, do not add materials simply to “bulk-up” the report.
While content is critical, it is also important to make this presentation look as good as possible. For this course, you will create the business plan in Word and submit the plan and all attachments through the Assignment drop box. That means all attachments have to be in digital form. For a bank loan or an investor, you would normally provide them with a print version. Print the pages in black ink on a high quality tinted letterhead paper. Color is not necessary but would add some interest in headlines, etc. Bind the document in a presentation folder or with a spiral binding. Don’t simply punch a staple in the upper left corner.
If your were going to pursue a bank loan or an investor, it would be normal to take this business plan to your SCORE counselor for a review and critique.
NOTE: Before you begin your inspection of the simple plan outline which follows, take a moment to review the Business Plan Checklist on the next page.
BUSINESS PLAN CHECKLIST
By way of review, here is a concise list of the basic requirements for a Business Plan, as recommended by the MIT Enterprise Forum:
·
Appropriate Arrangement
- prepare an executive summary, a table of contents and chapters in the right order.
·
Right Length
- make it not too long and not too short, not too fancy and not too plain.
·
Expectations
- give a sense of what founder(s) and the company expect to accomplish three to seven years in the future.
·
Benefits
- explain in quantitative and qualitative terms the benefit to the consumer of the products and services.
·
Marketability
- present hard evidence of the mar.
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1CARDBusiness Feasibility StudyNew Business VentureDescrip.docx
1. 1CARD
Business Feasibility Study
New Business Venture
Description
1CARD is a technology company that allows consumers to
combine multiple cards into one simple and secure location.
1CARD sees a definitive role in the market for technology that
allows users to combine loyalty, membership, gift, and credit
cards into one simple and secure card. 1CARD was generated
as the product of extensive research on consumer spending
habits, which resulted in a clear market opportunity. After
researching, there was a noticeable consumer pattern to not only
use credit for the majority of transactions, but also to use a
loyalty or membership card for most transactions. This led to
the strategy to combine all of these numerous cards into one
simple and secure card.
We see this technology as being easily accessible and highly
affordable to all consumers. 1CARD will be profitable among
consumers of all incomes, demographics, and ages. This
technology will in no way be limited to a certain area of the
market. In any location that credit, loyalty, membership, or gift
cards can be used, 1CARD will fulfill a pivotal role.
Furthermore, this technology eases the consumers’ burden, as it
may be implemented into already existing credit cards. There
will be no limit as to the number of cards or the amount of
information that can be stored with 1CARD technology. In
addition to keeping updated with the retailers’ software,
1CARD will also offer a central web space where balances and
transactions may be accessed by the end user.
Opportunity
2. The recent proliferation of brand and store based loyalty and
membership cards have come to burden the consumer. While
seemingly counterintuitive, this idea which first started as a
consumer convenience has spawned into an explosion in
number. Yet many retail outlets are now offering sales or
reward points only to those consumers who present their
respective card. This need to have many cards at all times has
become cumbersome to the consumer who has either a wallet or
a keychain overflowing with cards. Furthermore, the consumer
tendency towards credit transactions fits ideally with our
business model.
Unlike other devices that require you to manually select one
card at a time, 1CARD contains all of your information securely
and simultaneously. The potential for consumers to carry only
one card in their wallets will be very attractive to casual and
frequent shoppers alike, of all income and demographic sectors,
and reaching to all varieties of retail markets and beyond.
We believe that key selling points are the combination of
simplicity and security. The addition of 1CARD to the
consumers’ wallet will require little work or cost on their part,
and will greatly make up for any inconvenience. Furthermore,
just as existing personal identification information is stored on
a credit card, so too will all of the additional information be
secure and only accessible through qualified retail physical
devices.
Methodology
1CARD solves the impending consumer burden by securely
storing all loyalty, membership, and gift card information
within the magnetic strip of an existing credit card. Therefore,
1CARD will keep physical costs to a minimum, and will rely on
3. the software and data mine backbone, while licensing the
technology to existing institutions. We see our business as one
who creates and builds the virtual background and technological
basis, and then licenses the technology to large corporations
who will pay a miniscule fee per transaction. Consumers can
enjoy the freedom of only having to carry a single card, while
also knowing that their balances and points will be stored
accurately and securely. This will place no additional cost or
burden on retailers, as our technology is specially tailored to
comply with existing card-reader technology.
1CARD will maintain routing devices that will direct the
transaction to the appropriate retailer’s software for the purpose
of validation and transaction storage in addition to storing the
information in our database, and will also reflect this
information via their web portal. Our web space will be self-
service on the customer’s part, as they will have the opportunity
to not only enter more loyalty and membership cards into their
1CARD account, but also to track their balances and
transactions.
1CARD seeks go generate revenue at the onset by licensing the
technology to major credit card companies. Our guarded first-
year goal is to have our technology on one percent of each of
the five major credit corporation’s transactions. This is a very
cautious estimate, being offered at an extremely low rate, which
still will provide for generous return on capital. Future growth
stands to be aggressive, as we strive to increase our market
share by licensing our technology to credit companies for more
and more of their consumer’s transactions, and by expanding
our target markets. We also see a future role for our data mine,
as we can release information on consumer buying habits for
targeted advertising, without violating consumer trust. This
stands to bring in significantly more revenue than at our onset.
4. As 1CARD is a new company with a radical new idea, we are
fully prepared with a trained customer service staff ready to
serve not only consumers but also retail and corporate clients.
We believe that a smooth transition into the marketplace will
assure our future success and permanent role in the
marketplace.
Competitive Advantage
1CARD is seeking to embrace a blue ocean strategy by stepping
out of the traditional roles of credit cards and loyalty cards by
combining them. We believe that we are market initiators who
will serve a pivotal role once consumers take notice of our
product. We furthermore believe that we have a product and
technology that stands to be a permanent player in the market.
We see retailers as being minimally inconvenienced by our
technology, and consumers finding our technology to be
indispensable.
In order to stand out from any present or future competitors,
1CARD offers:
( One simple and secure card that contains all of your
membership, loyalty, and gift cards
( One card where all contained cards are ready at all times
( Minimal burden to retailers
5. ( No new physical infrastructure required
( Unrivaled customer support
( Customer-friendly web space that tracks all balances and
transactions
Our customers will receive great benefits from demanding the
1CARD, and our business model allows for the transition to be
quick and easy for both retailers and consumers. This simple
and effective technology stands to quickly be a permanent
member of the marketplace.
Industry
Product/Service Analysis
The emphasis in today’s economy is always on convenience.
Consumers are willing to spend extra money for added
convenience and that is what this 1CARD will provide them.
Our product will allow consumers to add their credit cards,
loyalty card as well as gift cards, all on this 1CARD. The
consumers will not have to worry about carrying an entire
wallet filled with cards, because they will have access to all of
them all from our product.
Since our product will be in a form of a credit card, there are no
licenses that will be needed. The original patent for a
Magnetically Coded Identification Card was first filed in
February of 1981 with the patent number 4253017.
According to the law, since a patent was filed over 20 years
ago, it does not require a license for us to use.
We will however file a patent for our product once it is
completed which will allow us to collect a small share of profits
from the credit card companies for having the license to use our
product.
6. Industry/Market Analysis
The credit card industry has been on an incline as of late. Due
to its continuous growth, MasterCard went public with VISA
soon to follow. The new and younger generation often feels
that using credit cards is far more convenient then carrying cash
around. As seen in recent VISA card commercials, that person
using cash only slows down the economy. Not all consumers
feel that way, but many of the younger generation find credit
cards much easier. In the future, analysts have predicted credit
card transactions will only continue to grow. Credit cards will
continue to expand to other countries that have not yet been
exposed to them in a manner that United States has. It is
predicted that only about 11% of the consumers in the world
carry credit cards, and that number is expected to grow by 2%-
3% every year for the next 10 years.
This proves that credit card transactions will only continue to
rise across the world, which creates an even larger market for
our product. The graph below shows how far ahead the United
States is in comparison to the rest of the world that has just
begun using this form of technology.
Table 1 below shows the extent to which credit card and charge
card were used in different countries in 1998 and 2005 to show
the continuous growth across the world.
Table 2 below shows the actual and forecasted growth by
region. This is just further proof of another study done by
Global Insights to prove that continuous growth in the credit
card industry.
Data above assures that the credit card industry is going to
continue to grow. Because of this growth I feel they will accept
our product and be willing to pay us a small percentage of their
7. profit ($0.0033) for each transaction because of the added
convenience our product will provide the consumers. Credit
card companies will find it is much easier to sell their credit
card to consumers because of the perks they could offer. There
are several consumers that are not comfortable with having
various credit cards and like to carry one. Our product will
cater to that group, who can have various credit card accounts,
but can manage all of them through one credit card. We feel
that our product will only help the credit card companies market
their product even more effectively with the use of 1CARD.
Competitive Analysis
Currently there are not many competitors in the market
providing this product. There is a competitor providing a
product called iCache. The way iCache works is that users
register their cards on the company Web site and upload the
information into the iCache. When they want to use it, they
activate the device with a fingerprint on its biometric strip,
scroll through a list of cards on its screen, and choose one. Out
pops a plastic card with a magnetic stripe, temporarily loaded
with the chosen card's data. Just swipe the card and pop it back
into the iCache. After one use, the information on the card
disappears. The device even works with loyalty cards, such as
those handed out by supermarkets. The inherent problem with
this product is that only one card can be selected at a time.
After you use a card, you will have to insert your iCache card
back into the device to load it with the identification of another
loyalty card. This is precisely the inconvenience that 1CARD
seeks to avoid.
Although this product is not completely similar to the product
we are producing, it still serves the same consumer base and the
market that we are trying to launch ourselves into. This product
seems to be more technologically complicated then our product.
Our product would be a simple credit card that can be swiped
through a regular credit card machine. This will allow the
consumers that are not technologically advanced to still use our
8. product without having to deal with any technology
deficiencies.
iCache is expected to go on sale sometime this year and expects
to sell 7 Million units at the end of 2009 for $99 each. Our
product is not directly being sold to the consumers, but to the
major credit card companies instead, ho will then issue our
product to the consumers and provide us a very small portion of
their proceeds to allow their consumers to have the added
convenience of having all cards in one.
1CARD is the solution for all types of consumers from all parts
of the world without having any direct cost to the consumers.
This next generation credit card is sure to be a success for all
credit, loyalty and gift card users.
Five Forces Model
1. The threat of substitute product – As stated above, There
currently isn’t a product available similar to the one we are
producing. There is the iCache, which is not similar to our
product. There isn’t a substitute in the market for the product
we are offering as it will be a new product.
2. The threat of the entry of the new competitors – For this
reason, we are going to have a patent for our product once it is
produced. This will entitle us to licensing fees from anyone
that wishes to use our product. As we more towards the future,
it is very likely that there may be products out in the market
that sell the same idea we do, but we want to the first ones with
this idea.
3. The intensity of the competitive rivalry – This really does not
apply to us as this is a new idea and a new product that will be
available in the market. It is likely that the competitive rivalry
will began once there are more similar products out in the
market, but current the rivalry does not exist.
9. 4. The bargaining power of the customers – Our customers will
be credit card companies mainly. The will not have much of a
bargaining power since our product is so unique and there isn’t
a competitor in the market that provides them a similar product.
Plus our product will provide added convenience for their
consumers, which will in turn generate more revenue for them.
We admit that with a high volume product like ours, who seeks
to earn revenues based on fees per transactions, stands at risk of
collective bargaining power, we feel that the sheer volume of
our transaction base will absorb any risk involved.
5. The bargaining power of the suppliers – We are not going to
be creating a product, we will be licensing it. Therefore this
will not apply to us.
Based on our research of our competition and our analysis of
the Five Forces Mode, we believe that our product is unique to
the market and will be successful because of the convenience
that it will provide for the end users. We expect the product to
be in high demand once the benefits of the products are
marketed to our customers who are mainly the credit card
companies and consumers who are the end users.
Operational Structure
Our current team and advisors will consist of the following:
· Chief Executive Officer: Athar Adam
· Chief Financial Officer:
· Chief Operating Officer:
· Chief Marketing Officer:
· Chief Technology Officer:
· External Consultants
10. Our current advisors are very well educated in the area in which
they specialize. We will be hiring consultants in order to help
us design the software and help implement it as well. They will
provide us with good knowledge in order for us to make
valuable decisions in order for our company to succeed. Legal
Structure
The 1CARD will be an LLC corporation for several reasons.
One of the main reasons is due to the fact the owners will have
limited liability if in the event a law suit were to take place
against the corporation the owners are protected to some extent.
Technology
The technology we intend to use is entirely software based. In
order for us to accomplish our idea we will be using the
magnetic strips on the cards. The magnetic strips currently hold
the consumers information, we will use the same concept and
our software will be able to add the information from all the
other cards as well. The magnetic strip will contain loyalty
cards, gift cards, and membership information and balances.
Our software will also be able to recognize the store and give
the consumer the option to use the gift card they have stored on
file or use their credit card. Consumers will be able to view
their balances and information online and be able to upload or
delete cards. We intend to create the software and be able to
sell it to the current major credit card companies i.e. Visa,
MasterCard, Discover, American Express, and Diner’s Club.The
consultants that we hire will be a crucial part in the
development and implementation process. The research and
design phase will essentially be their section and verification
through the CTO. We will then produce the software and
market it to all the credit card companies. After distributing the
software we will provide technical support to the companies in
case there are any glitches with the software.
Benefits
11. The customer will receive several benefits from this product. In
today’s society it seems like there is a card for everything. It is
practically impossible to carry all cards at all times. A lot of
people have to pick and choose and most of the times they
forget to use the cards they do not have in their wallet. Since
all the information will be saved on the one card that they will
always have they will always have the opportunity to use their
gift cards and or loyalty cards with out having a huge wallet.
The consumer will also be able to access all of their information
on a secure website. They will be able to track all their
purchases balances and reward points to any applicable card.
They will also be able to upload a document to their computer
in order for accounting purposes.
As a company we will not need any suppliers since we will be
creating the software and selling the software to the major
credit card companies. We believe there is a real “value
innovation” inherent to this card, and it will convenience the
consumer in turn causing the use of the card to increase causing
higher revenue for the credit card company. Currently there is
only 1 product out on the market; however the product appears
to be heavier and larger than the standard credit card. The
competition also provides no benefit to the credit card company.
We are directing all of our focus to the credit card company
because at the end of the day the credit company is buying our
software and causing our company to be successful. The most
important aspect to the credit card company is for them to be
successful because of the licensing we sell them. The only way
the credit card company can make money is when their
consumer uses their card. If the card has an attractive attribute
that makes the consumers life much easier than they will use the
card a lot more than any other card.
Marketing & Sales Strategy
Marketing – Pre-Launch
Market Segmentation
1CARD will be geared specifically towards the five credit card
12. companies: American Express, Discover, Diner’s Club
International, MasterCard, and Visa. Through 1CARD, we are
implanting technology within the magnetic stripe of existing
credit cards that will allow users to add membership, loyalty,
and gift cards onto existing credit cards so that customers are
served with the most convenience available.
Marketing Strategy
Currently, aggregate annual credit card transactions are
estimated at roughly 50B in the United States alone. 1CARD’s
primary objective is to target the five credit card brands:
American Express, Discover, Diner’s Club International,
MasterCard, and Visa. Unlike conventional credit cards,
1CARD is unique in that it allows major credit card companies
to give their customers the option to add membership, loyalty,
and gift cards all onto “1CARD,” so that they only have to carry
“1CARD” with them. We plan on building a multi-tiered
marketing strategy in order to effectively target the creditors
who cater to different demographic segments within the overall
market of credit card users. As part of our business plan,
creditors who sign on to the 1CARD program will pay 1CARD
1/3 of a cent of the fees which they collect from purchases made
by their card users. Our marketing strategy is based on
convenience for the customer so that they can always be rest
assured that they don’t forget a gift card from a year ago or a
credit card since it will be “1CARD.”
Traditional Marketing Strategy
As a company, 1CARD, our traditional strategy will involve
contacting major publications such as, but not limited to, the
“Wall-Street Journal,” “Economist Magazine,” and the “Chicago
Tribune.” By targeting major magazine and newspaper
distributors, we will be able to better reach the consumer base.
We will also use various billboards and plan on using the direct
mail method so we can reach out to a mass amount of consumers
who will see that the “1CARD” is the most convenient card
13. around. The direct mail method is also one of the most
inexpensive ways of marketing. Additionally, we will then
release a statement for a later date where we will hold press
conference listing out more of the facts about our product.
Unique Marketing Strategy
“1CARD, 1
Solution
.” Simply, convenience is one of the top priorities for
consumers to achieve in any purchase they make. By building a
market through mass advertising, we will create a market that
will leave the five major credit card companies no choice but to
satisfy their customers and license the “1CARD.” For a small
fee you can provide your customers with ease and convenience.
Viral Marketing Strategy
The pre-launch viral marketing strategy best for our product
would be to obtain the customers interest in our idea through
our various advertising strategies, to then have those customers
spread the word of the convenience of our product through word
of mouth, which would then in return credit a demand for our
service and entice the credit card companies.
Marketing Post-Launch
Market Segmentation
14. After successfully reaching our goal of obtaining the five major
credit card companies, we believe that retailers, restaurants, gas
stations, and others who offer some form of loyalty points or
rewards to their customers will find the 1CARD a necessity and
be part of our post-launch target market. Whether you are a
retailer offering your own credit card or you are a company that
offers gift cards, you will want to allow your customers the
convenience of accepting these forms of cards and transferring
them over to the 1CARD. Since we already have the major
credit card brands, obtaining the other sectors of the crediting
industry will become simpler as the customer will create a
demand that the creditors will want to meet to keep their
customers satisfied.
Marketing Strategy
Our strategy will be slightly different than our pre-launch
strategy as we plan to market to a broader market. By reaching
out to different retailers, restaurants, gas stations and other
major companies, we will continue to retain our 1/3 of a cent
charge. For example, retail companies would allow their
customers the convenience of not having to worry about losing
gift cards they receive as presents on holidays or special
occasions because customers would be able to transfer this
information onto the 1CARD. Peace of mind is something a
customer wants and needs assurance of and what better way to
15. do so then offering a service that will allow their customers
convenience and the ability to lessen the burden on their wallet.
Furthermore, credit cards are a major form of a tender for a
transaction and through our service, the industry will prosper
and become even more efficient.
Traditional Marketing Strategy
Our traditional strategy is to present our idea in a press
conference with the major credit card companies, retailers,
restaurants, gas stations, and other major companies. Since we
have an idea and want to obtain business from major credit card
companies and various markets, we believe that the best way to
reach out would be to present the facts and why our idea and
product will benefit each company, which is mainly based on
the convenience aspect. Furthermore, we would continue to
advertise through magazines, newspapers, and direct mail. The
release of our webpage would allow customers to track their
transactions and check their balances on their gift cards and
their points they have earned on their loyalty cards.
Unique Marketing Strategy
““Transfer all of your cards into one: Introducing the 1CARD,
the one solution for managing your wallet.” The ability to use
the 1CARD is a convenience rather than a benefit because it
allows creditors to allow their customers the convenience of
16. carrying 1CARD rather than having a completely overflowing
wallet. Furthermore, you can allow your customers to never
worry about losing gift cards or forgetting the balances on their
accounts as it will be available through our webpage.
Viral Marketing Strategy
With the release of our webpage, we will allow customers
access to certain account information. We will have a field box
in which you can forward the webpage address and 1CARD
information to family, friends, and colleagues so that we can
continue to create a larger market for our service. Additionally,
we will allow our customers to add our slogan to the bottom of
their email if they chose. This will benefit customers as it will
allow them to be proud users of our service and show their
support and will also provide a link that will allow others to
join our site and learn about our services. It will be a new and
unique service that everyone will want because convenience is
part of everyone’s goals in whatever they do.
Sales Pre-Launch
Direct Method
Unlike many firms that chose to sell directly to consumers, we
plan to sell directly to the five major credit card companies:
American Express, Discover, Diner’s Club International, Master
Card, and Visa. We believe by implementing the
17. disintermediation process, we will be able to sell directly to
major credit card companies that will allow us to later obtain a
larger market which will consist of retailers, restaurants, gas
stations, and similar markets.
Distribution Channel
In the pre-launch, 1CARD will be distributed to the five major
credit card companies: American Express, Discover, Diner’s
Club International, Master Card, and Visa. Our distribution
channel is very unique as it is only geared to a specific market.
Sales Post-Launch
Direct Method
Our direct method approach will still be directed to businesses.
However, we will additionally contact retailers, restaurants, gas
stations, and similar vendors. Also, we will approach the
consumer market using credit card companies and similar
vendors as the intermediaries.
Distribution Channel
The post-launch distribution channel will differ from the pre-
launch distribution channel as 1CARD will be distributed to a
wider range of vendors who will also act as intermediaries
between consumers. However, we will still have control in
being able to market and advertise so to customers so that the
market is not minimized in any way.
Financial Pro-Forma
18. Unit Cost Build-up and Financial Rule Model
Unit Cost/Price Build-up
Financial Rule Model
Unit Price (per transaction)
$0.0033
100.00%
Unit Cost (per transaction, estimated at 645,000,000
transactions)
$0.00041
12.42%
Gross Profit
$0.00289
87.57%
Budget
($0.00239)
19. 72.42%
Operating expense (per unit)
$0.00141
42.72%
General Admin. expense
$0.000981
29.72%
NPBT
$0.00091
27.57%
Price and Profitability Assumptions:
Pricing Structure:
1CARD has decided to set the price of our licensing fee on a per
transaction basis for every transaction regardless of customer
20. type. The fee will incur to the five major credit card
companies. A flat rate of $0.0033 (1/3 of a cent) was set as the
level of convenience to the credit card companies and to
maximize the profit of 1CARD.
Cost of Service Provided Assumptions:
1CARD is a product currently under development that can be
used to store multiple cards in a one convenient card. We will
be targeting major credit card companies in order for people to
use the convenience card. Start-up costs are the primary costs
associated with delivering this product. Other major costs
associated with this product are prototype cost, engineering,
tech. cost, and consultation cost.
Start-up Capital Requirements
1CARD. Pro-Forma 03/13/08
STARTUP REQUIREMENTS
26. $203,435.56
MULTIPLIED BY 7
TOTAL AMORTIZED PER MONTH
$26,024.20
ProForma2
$11,301.98
DIVIDED BY 18
Start-up Capital Requirements Assumptions:
(1) Legal fees include licensing and incorporation as well as
attorney fees to set up the product.
(2) Fees to develop the necessary mechanics of the product
27. (3) Fee to cover the cost of a physical concept product
(4) Software fees needed to incorporate the product into a
current existing infrastructure.
18-month Profit and Loss Statement
1CARD Pro-Forma 3/13/08
MAR
APR
MAY
JUNE
JULY
AUG
SALES FORECAST
61. 150000
200000
1234567891011121314151617181920
NPBT
ACCUMULATED NET PROFIT/BREAK EVEN
-400000
-200000
0
200000
400000
600000
800000
1000000
12345678910111213141516171819
ACCUM
Figure is stating profit/loss for each month.
NOTE: Month starting January.
Analysis:
Given that our business is making a technological innovation
62. and selling our physical product to credit card companies, we,
in-turn, receive royalty per transaction. Our break-even analysis
assumes that all costs associated with this product are at fixed
level. Our projected revenue and expenses will have us break-
even at or around the 11th month. Approximate revenue at 11th
month will be totaling $165,000 or approximately 50,000,000
credit card transactions. This number breaks downs to about
10,000,000 transactions per credit card Company (assuming five
major credit cards).
NOTE: 50,000,000 transactions for one month represents about
3.63% of all monthly transactions completed in the United
States.
Summary
Sustainability
It is evident from exhaustive research that this product can
survive and grow in the marketplace. Upon industry,
competitor, and market segment analyses, it has become clear
that we have developed a not only viable, but highly profitable
product that will allow us to thrive. Key supporting evidence is
that 1CARD does not focus on a niche market or a narrow
segment, but rather applies to any and every consumer.
Research has shown that there is an apparent trend towards the
use of credit, and the growth of this trend will be highly
correlated with 1CARD’s success.
63. We feel that our product will be demanded by consumers of all
markets and segments, and we stand to become a permanent
fixture in the marketplace. Raised future growth expectations
and aggressive marketing campaigns will fuel this growth.
1CARD has not only the ability to sustain, but also to scale.
Initial costs are significant, but they stand to be absorbed as
time goes on. Our business model allows for increased future
revenues to cost less to deliver than current revenues, and our
profit margins will therefore increase as sales progress over
time. We firmly believe that we have developed a product
where demand will grow progressively and this demand will
continually drive revenues higher.
Profitability
Based on the financials set forth in this analysis, 1CARD will
break even within the first year. Therefore, we stand to turn a
profit within the first year, and the business stands to profit
aggressively after that. Once the startup costs have been
overcome, 1CARD sees significant profits immediately. As this
business stands to see profitability within the first year, we feel
we can stand behind a strong product with realistic goals of
64. future growth.
We have set our initial market expectations as low, with respect
to market share and licensing fees, so we can only go up from
there. Though it is foreseeable that the customer may develop
the ability to dictate price, our volume per customer can only
increase. A long-term transaction goal will be significantly
higher than one percent per credit card corporation.
We have shown that our business model can attain profitability
in a very short time with overly cautious market estimates, and
we can therefore foresee that with a greater share of the market
we stand to be exponentially profitable. Our initial marketing
strategies have laid forth several tactics that can be approached
when seeking future growth. These are realistic targets that will
expand our market share, and we can explore future possibilities
as we grow.
Outlook
We see strong demand and sustainable growth for 1CARD, and
we feel that we have a strong business plan that allows for
future success and optimization. Based on the strength of
initial financial models, we have reason to believe that this
65. business has a strong inclination towards future growth.
We see advertising as a promising future revenue stream, and
based on current market conditions, this stands to remain true.
We are fully prepared for future competition in that we have a
solid product, and have become the market innovator and
initiator. We see our product as surpassing any current
competition, and also warding off future competition due to our
strategic alliances with our major customers. We feel that
1CARD is an ideal product for current and future marketplaces
worldwide and that this company stands to generate significant
revenue.
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