New Venture Opportunity Recognition
New venture opportunities can always be risky because we cannot predict the future. However, we can always plan for new ventures as best we can in order to determine which ones are worthy of moving forward with and which ventures should not be pursued. Of the ten new ventures presented, two stand out as opportunities worth pursuing. Although neither may not appear to be one hundred percent ready to take off, with further development they are worth the recognition and investment.
The two ventures chosen are Plunar, Inc. And USuggest, LLC. Plunar will be discussed first. This venture was chosen because it is proprietary. Cloud computing is still a fairly new concept and now is the prime time for companies to claim their share of this new and growing technology. The company is focusing on this collaboration software to suit a project management environment, but states that it is adaptable to any industry.
The addressable market for this type of business venture, according to Plunar, is $1.5 billion. The company expects the market to grow to $470 million of this within five years. The initial startup investment is $500,000. Plunar’s five-year financials predict that the company will grow from $96 million during the first year, to almost $55 million by the fifth year of operations. Although their marketing plan states that they will seek another round of financing for beta-testing, this venture appears to be a good one financially. The business venture does not expect to show a profit until the third year of business and which is typical.
The potential market for Plunar is extremely large. Project management is the intended target that the software will be tailored to, but as mentioned before the software is adaptable. This adaptability could lead to even larger profits after the five-year mark if the company decides to begin to focus on different industries. Since the company appears to invest heavily in R&D, the chances of steady growth look promising. New and existing companies must remember that R&D is an integral part of doing business and they must keep their research focused on their target market (Rooij, 2008).
The recommendation for Plunar, Inc. would be to maybe target more than one industry at the onset. Since the software is industry adaptable, focusing on more than one specific industry could increase the chances of higher profitability in a decreased amount of time. Investors seek to recoup their initial capital in the shortest amount of time and targeting more than one industry may be a way to do this. Also, Plunar and other cloud computing companies should be aware that this type of technology does not always save the customer money and there may be customer concerns that this type of technology might put their sensitive data at risk (Wenzel, 2011). These are two areas that Plunar needs to take into consideration.
USuggest, LLC was chosen because of its social networking capabilities. Not only is it a site for people to connect, sales and profits can be made from these connections. Once eBay hit the online shopping market, it seems as though similar sites paled in comparison. USuggest, LLC is different because it will be similar to Facebook and eBay all rolled into one. Also, online shopping is something that will probably never grow old, but better.
USuggest is proprietary in that it is combining social network and shopping into one site. It should permit a long head start against competitors, because there actually are no known competitors. There are several popular social networking websites and an abundance of shopping websites, but there is nothing out there similar to what USuggest is developing. The assumption is that people will consider friend’s suggestions on what to buy because they trust their opinion. According to the company’s financial statement, profits are expected after only the second year of operations. This will help to set off the startup costs.
The initial production costs are realistic because of the suggestion that outsourcing will be used. The company is relying on an outsourcing expert who has written several books on the subject. The software development will also expand to an offshore location which potentially can cut cost even further. USuggest plans to use search engine linked online portals as a marketing tool and they are seeking a merger or acquisition with a large, established Internet company to further increase profits for their brand. Mergers can lead to the company becoming more efficient by utilizing economies of scale. Cost saving can also be recognized by combined marketing, advertising and by cutting down on the overlap of R&D (Shukla and Gekara, 2010).
Even though this venture is in the startup stages, it definitely has the potential to grow into something much larger. The target market is online shoppers and online shopping is a $130 billion dollar business. Looking three to five years into the future shows that online shopping, as well as social networking will only gain more popularity and neither shows any signs of phasing out. The idea of combining social networking and online shopping might need a little time to emerge. Since this is a combination of two popular technologies, the idea should catch on and spread quickly.
USuggest may be a part of a growing family. Once other companies see the profitability in this type of business venture, they may want to start something similar or invest in the business itself. The customer base is already existing (social networking and online shopping), so even though there will need to be some marketing efforts, a large portion of the business can be devoted to software development.
The recommendation for USuggest, LLC would be to consider a merger or acquisition sooner than the five-year mark. Their financial summary shows a significant profit by year three. If the company stays on target, this would be a good time to for them to begin exploring the option of a merger or acquisition by a much larger and much profitable Internet company. Instagram is a perfect example of a startup that gained popularity fast and was bought by a much larger, more profitable Internet company (Facebook). This proves that it is not necessary to wait a certain number of years for a company to show large profits. If USuggest provides a service which consumers want the realization of larger profits can be experienced soon.
Among the two choices, Plunar will be chosen as the winning new venture and USuggest will be the runner up. Both of these new ventures look extremely promising and don’t require millions in financial investment. However, because cloud computing already exists and is growing in popularity it appears to be a venture that does not require much explaining to investors. Although it is fairly new, it is not a totally new concept and the opportunity to get in on the ground floor is still good. USuggest is a new concept which combines two existing popular concepts. Everything about this venture on paper says it will work and even though on paper it says it will turn a profit by the second year there is nothing else out there like it. USuggest may be a bit more risky than Plunar, Inc. To invest in. For these reasons, Plunar is chosen as the top new venture opportunity.
Shukla, a., & Gekara, M. (2010). Effects of Multinational Mergers and Acquisitions on Shareholders’ Wealth and Corporate Performance. IUP Journal of Accounting Research & Audit Practices, 9(1/2), 44-62.
Van Rooij, a. (2008). How R&D helped transform DSM. Research Technology Management, 51(1), 43-48.
Wenzel, E. (2011). Moving to the Cloud Isn’t for Everyone: What to Consider First. PC World, 29(7), 32.
Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Why Choose Our Academic Writing Service?
- Plagiarism free papers
- Timely delivery
- Any deadline
- Skilled, Experienced Native English Writers
- Subject-relevant academic writer
- Adherence to paper instructions
- Ability to tackle bulk assignments
- Reasonable prices
- 24/7 Customer Support
- Get superb grades consistently
Online Academic Help With Different Subjects
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
What discipline/subjects do you deal in?
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Are your writers competent enough to handle my paper?
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
What if I don’t like the paper?
There is a very low likelihood that you won’t like the paper.
- When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
- We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.
In the event that you don’t like your paper:
- The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
- We will have a different writer write the paper from scratch.
- Last resort, if the above does not work, we will refund your money.
Will the professor find out I didn’t write the paper myself?
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
What if the paper is plagiarized?
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
When will I get my paper?
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
Will anyone find out that I used your services?
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
How our Assignment Help Service Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!