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Nov 24, 2024

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Critix know the future Business plan part 2 Founder’s: Samarveer Singh(200522154) Manpreet Kaur(200520807) Anmolpreet Singh(200521592) Jaskaranpreet Kaur(200522748) Ravneet Kaur(200518552) Najamuddin Mohammed Siddiqui(200524062) Address and Contact: 425 Bloor St E, Toronto,ON M4X1L7, Samarveersinghsandhu6@gmail.com
Table of Contents • Pricing and Sale Projection • Marketing Plan • Owners and management plan • Organization chart • Operating Plan • Financial Section • Executive Summary
Pricing and sales projection Sample Footer Text 8/6/23 3 MONTH CRITIX SOFTWARE SOLD MONTHLY SALES REVENUE. January. 1000 $0 February. 800. $0 March. 1100. $0 April. 1500 $50,000 May 1200. $80,000 June. 900. $100,000 July. 1300. $100,000 August 1400. $120,000 September 950. $150,000 October 1200. $120,000 November 1000. $130,000 December 1800. $150,000 Total 14,250. $1,000,000
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Marketing Plan • Brand recognition: Creating a broad brand image among the target market by emphasizing of the features of the software towards convincing the target customers or market that it is suitable for their operational needs. • Trial of purchase: Encourage the eventual purchasing of the software by ensuring people are aware about the product alongside ensuring it is easy for the target and speculative markets to access the Critix software within the time specified or marketing period. • Enhancing customer loyalty: Providing unmatched customer services is the main goal and objective of the marketing strategies aimed at encouraging purchases from the target market. Offering advisory services is another strategy that can be used to ensure there is customer loyalty.There are some action steps that will make it easy enhance the efficiency of the marketing plan for the Critix AI software; The action steps include; • Conducting research to identify the strengths and weaknesses of the competitors. • -Setting a promotional budget that will help achieve the marketing objective of the Critix AI software. • -Providing excellent customer services to encourage repeated sales.
Operating Plan Sample Footer Text There are some operational plans that have to be evaluated before starting the Critix AI software. The following are the approaches and strategies that have to be evaluated to ensure the product takes root within the target market alongside reaching other companies that vividly depends of data analysis; • Registration • Purchasing or renting a space • Setting up • Protection • Staffing and teaming 8/6/23 6
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Distribution Channel • Internet • Intermediaries Sample Footer Text 8/6/23 7
Financial Section 5-year explanation of projected income It will be easy to provide a breakdown of the money leaving and entering by selling the Critix AI software. The projection for the first quarter of operation is projected as $0 since Critix has just been introduced in the market but it is difficult to tell its performance at first. The essential financial components that have to be considered when providing this explanation include; Opening balance – Money available for the production and distribution of the Critix AI software. Cash outflows – The expenses of the various factors that are essential for the manufacturing, marketing, and distribution of the new product within the target market. Comparing the amount of inflows and outflows are essential towards reaching the right conclusion. Closing balance – Comparing the final income at the end of every financial year is essential towards ensuring the product has a positive response from the target market. Adding the net income to the starting capital will make it easy determine the balance every month or annually. 5-Year Projected income statement Estimating the expenses, revenue, and output for manufacturing, marketing, and distributing the Critix AI software. The component that have to be included in this explanation include; Expected income – Total income expected from sales. Net benefit – Subtract the gear teeth from the net income from the sale of the Critix AI software. It is important to include the rent and other expenses that are involved in the handling of the Critix AI software. Net income – Subtracting all the net-expenses from the net benefits. Sample Footer Text 8/6/23 8
Executive summary • Business objectives: • Product differentiation and description • Target market • Team • Conclusion Sample Footer Text 8/6/23 9
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REferences https ://www.statista.com/statistics/1365145/artificial-intelligence-market- size/# :~:text=Its%20value%20of%20nearly%20100,a%20vast%20amount%20of%20industries . : https://www.trendingtopics.eu/ai-industry-will-reach-worth-of-90-billion-by- 2025/#:~:text=That's%20why%20the%20forecast%20comes,calculated%20by%20IDC%20and%20Bloomberg . https://www.dailymail.co.uk/sciencetech/article-12064229/How-AI-changed-world-2030-according-experts.html https://dgtlinfra.com/google-cloud-data-center- locations/#:~:text=Specifically%2C%20Google%20operates%20facilities%20in,%3B%20and%20Las%20Vegas %2C%20Nevada . https://www.glassdoor.ca/Salaries/ceo-salary-SRCH_KO0,3.htm https://www.salary.com/research/salary/benchmark/chief-technology-officer-salary/toronto-on-canada Sample Footer Text 8/6/23 10
Thankyou Sample Footer Text 8/6/23 11

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