BUSINESS PLANFor

FIU® software solutionPresented by

Farouq Umar Idris

INTRODUCTION

FIU® software solution is a software designing and producing company which will be established in 2015. The company will specialise in the production of computer based software and mobile phone application software which can be integrated and used on all platforms of any device.

INDUSTRIAL THEORY

It is very important while opening a business to consider about how industrial theory will affect the business decision. We need to consider factors like location, transportation cost, raw material cost, promotion, competitors etc will directly affect the business

PRODUCTS

Boilerplate software Customized software

SOURCE OF CAPITAL

Government loan Self-sponsor

ORGANISATIONAL STRUCTURE

Legal services for company formation. Accounting services to set up the accounting shell of the company

QuickBooks Pro software. Computer programmers (3) to rapidly develop the software. An individual

programmer could complete the coding of this product however, FIU® software solution is interested in launching the product fast therefore I will employ multiple programmers to speed the process up (like on contract basis)

Eight computer workstations, including one server. Seven of the stations will have Microsoft Office, one of them will have QuickBooks Pro. Three networked laser printers.

A broadband Internet connection. Office cubicle furniture for seven employees. Seven extension telephone system. Copier and fax machine. Lunch room furniture and appliances including a refrigerator and microwave. Shipping materials including boxes, scales, etc. Promotional materials.

Software Design Life Cycle

Requirement gathering/Investigation System analysis (feasibility analysis) Design Testing Operations and Maintenance

DESIGN MODEL TO USE

The waterfall model is a sequential design process, often used in software development processes, in which progress is seen as flowing steadily downwards through the phases of Conception, Initiation, Analysis, Design, Construction, Testing, Production/Implementation, and Maintenance.

COMPANY’S LOCATION

China is one of the world’s great growth markets and is likely to be for many years to come.

According to the economic forecast research team, the growth rate in economy next year will be 9.3%, which is higher than those made by international organizations.

CHINA’s GDP

WHY CHINA?

I chose china to set up the business because of the emerging technological advancement in the country and the high level of software demand there. The country’s GDP is drastically growing and I want to be part of this growth as it happens.

CONT’D

POPULATION PYRAMID

PYRAMID BREAKDOWN

Looking at the age structure, we will see that the highest percentage is at 25-54years having 46.7% which means there would be high labor force in the country which also means there will be high demand for my product/services.

Malthusian thought of population growth as a negative impact on economic development thereby restricting the growth of the society (pessimistic theory). According to Malthusian, population growth is one of the main causes which have in one way or the other hitherto the progress of mankind economically.

Marx was in completely denied Malthusian’s theory. Marx’s believe was population growth will not cripple the economic development of a society but boost it (optimistic theory). He also said population growth would lead to a greater and much more wealth not misery.