Operation plan and financial statement for a business proposal in 4 pages

Executive Summary:

        Nowadays with technology involving mostly in every aspect in our lives. It is an advantage for every business to use technology and recruits it to reach their target market to achieve higher revenues. On the other hand, books for centuries are the way to get smarter until this day. Our business is the way to get smarter by getting books using technology and easier way to access. By comparing books, eBooks, and audiobooks our business will reach higher number of customers and make it easier for them to pick their book for the value they want.

Business Description:

Robotic Book business is a new business with an existing idea. Robotic Book’s main idea is to get the book that the reader needs for cheaper, affordable price and shorter period to get your book. Our business target consumers are the people who like to read either reading books or electronically. Robotic Book targeting all kind of readers especially students who need to get their textbooks for cheaper price than their school textbooks store. Also Robotic Business finds the needed book on all of the search engine, bookstores, and library.

Mission Statement

        Saving time, spreading knowledge with affordable price. Our motto is we save you time to get smarter.

Market Analysis

Our target market is the student, anyone who like to read. For students and people who like to read, the demand of book is much more than ordinary people; Robotic Book can save a lot of money for them, by searching in most powerful search engine to find the book they want.

Competitor Analysis

Our main competitors are the existing well-known online book websites like Abebooks and alibris which provide the similar service as Robotic Book and already had large numbers of consumers. Also, bookstores would be another competitor of Robotic Book, it has the advantage of convenient. Robotic Book has the competitive advantage over all other bookstores by comparing books prices between all of the other competitors then rerouting consumers to it.

Operations

The most important aspect of operations will be to establish a strong database of books. The company is essentially selling information by comparing the prices of books so that consumers can make informed decisions. Once a strong book database is set up, it will be important to keep it updated by constantly finding new additions and incorporating a program that will automatically update listed book prices as they change from the various suppliers in order to keep accurate data for the site’s users.

Financial Statements

        No financial statements can be produced at this point, however we can estimate what our major expenses and sources of revenue will be. Our expenses will include servers, domain name, and labour for programmer(s). Our main source of revenue will be from ads, however other options will be explored as the site evolves.