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Its Post Time .Com - Executive Summary
Its-Post-Time.com is a management system that assists a horse's trainer, owner, driver, and
handicapper by providing information on all standardbred races. This
concept provides horsemen with a first time opportunity to view
horselines and racelines in both technical and graphic presentations.
This revolutionary management system also allows horsemen to
select horses, establish conditions, and send queries to racing offices
without having to make a phone call.
The management system offers a search engine to help claim horses based on personalized criteria.
This business formula, while original, features elements that
have been proven to be successful in the horse racing industry, such as
race programs, horse racelines, statistics, race results, newsline, etc.
Its-Post-Time.com recognizes two things: an effective marketing plan is vital to the success of every business venture and that horse racing is a small world as it pertains to news and how quickly it spreads. Thus, our company will utilize a word-of-mouth campaign, which can be used to reach many prospective clients, as well as print over 10,000 brochures which will be provided to reputed handicappers. After accomplishing this, we believe that it is only a matter of weeks until we are able to contact the majority of horsemen in the industry. This business venture is well under way in its development, both in terms of the company's infrastructure and financing. Regarding the infrastructure, Its-Post-Time.com has already designed the website's interface – with menus and images, as well as flash banners, scripts for menus and links, and programs for recording horse racing to the database. All that remains to be developed is the layout for the pages and CMS. In terms of financing for Its-Post-Time.com, the company's founder, Alain Lamontagne, has already committed to an initial investment of $25K. $25K is all that remains to be paid in order to make the concept for this business venture a reality. This will prove to be profitable, since Its-Post-Time.comexpects to make $10K/month after its first year and reach a 30% market share within two years. Based in Toronto, Ontario, Canada, Its-Post-Time.com has an estimated $100K value and business advantages that includes providing customers with advanced and diversified presentations, information that can be sent to computers, phones and PDA's, and offering the most up-to-date features and services found on the Internet. |
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Its-Post-Time.com - Business Project
1. Name: Its Post time
2. Domain: its-post-time.com / itspostime.net 3. Idea: Its-Post-Time.com is a management system that assists a horse's trainer, owner, driver, and handicapper by providing information on all standardbred races. This concept provides horsemen with a first time opportunity to view horselines and racelines in both technical and graphic presentations. This revolutionary management system also allows horsemen to select horses, establish conditions, and send queries to racing offices without having to make a phone call. The management system offers a search engine to help “claim” horses based on personalize criteria. The site also offers traditional services such as race programs, horse racelines, statistics, race results, newsline, etc. 4. Competitor: The primary competitors for Its-Post-Time.com are as follows:
9. Marketing: Its-Post-Time.com recognizes that world of horse racing is small when concerning news and how quickly it spreads among horsemen. Thus, our company will utilize an efficient word-of-mouth campaign that can be used to reach many prospective clients. We will also print over 10,000 brochures which will be provided to reputed handicappers in the world of horse racing. After accomplishing this, we believe that it is only a matter of weeks until we are able to contact the majority of horsemen in the industry. 10. Stages of Development:
16. Director Commission: The commission for the director of the project shall be 10% of the gross profit. 17. Investor Share: The investor shares will be split up in this fashion:
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| Its Post Time - Financial Plan | ||||||||||||||
| Oct09 | Nov09 | Dec09 | Jan10 | Fev10 | Mar10 | Apr10 | May10 | Jun10 | Jul10 | Aug10 | Sep10 | 2010 | 2011 | |
| Basic Membership | 100 | 200 | 300 | 400 | 500 | 600 | 700 | 800 | 900 | 1000 | 1100 | 1200 | 20000 | 90000 |
| Full Membership | 100 | 200 | 400 | 600 | 1000 | 1500 | 2000 | 3000 | 5000 | 7500 | 10000 | 200000 | 1200000 | |
| Live Membership | 400 | 800 | 1600 | 2000 | 2400 | 2800 | 50000 | 240000 | ||||||
| Advertisement | 100 | 200 | 300 | 400 | 500 | 600 | 700 | 800 | 900 | 1000 | 1000 | 2000 | 4000 | |
| Sales | 100 | 400 | 700 | 1100 | 1500 | 2100 | 3200 | 4300 | 6300 | 8900 | 12000 | 15000 | 272000 | 1534000 |
| Communication | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -600 | -600 |
| Direct Labor Wages | -500 | -500 | -500 | -500 | -500 | -500 | -2000 | -2000 | -2000 | -2000 | -2000 | -2000 | -24000 | -24000 |
| Credit-card Merchant (2%) | -2 | -2 | -4 | -8 | -12 | -20 | -30 | -40 | -60 | -100 | -150 | -200 | -2400 | -2400 |
| Royalty (2%) | 0 | -2 | -4 | -8 | -12 | -20 | -30 | -40 | -60 | -100 | -150 | -200 | -2400 | -2400 |
| Other | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -1200 | -1200 |
| Cost of Sales | -652 | -654 | -658 | -666 | -674 | -690 | -2210 | -2230 | -2270 | -2350 | -2450 | -2550 | -30600 | -30600 |
| Gross Profit | -552 | -254 | 42 | 434 | 826 | 1410 | 990 | 2070 | 4030 | 6550 | 9550 | 12450 | 241400 | 1503400 |
| Investor 1 Profit (25%) | -109 | -207 | -353 | -248 | -518 | -1008 | -1638 | -2388 | -3113 | -60350 | -375850 | |||
| Investor 2 Profit (25%) | -109 | -207 | -353 | -248 | -739 | -1008 | -1638 | -2388 | -3113 | -60350 | -375850 | |||
| Director Commission (10%) | -43 | -83 | -141 | -99 | -518 | -403 | -655 | -955 | -1245 | -24140 | -150340 | |||
| Research (Non-Recurring) | ||||||||||||||
| Registrar (Non-Recurring) | -43 | -83 | -141 | -99 | -207 | -403 | -655 | -524 | ||||||
| Developer | ||||||||||||||
| Campaign | ||||||||||||||
| Venture Net Profit | -552 | -254 | 42 | 130 | 248 | 423 | 297 | 621 | 1209 | 1965 | 3296 | 4980 | 96560 | 601360 |
| Cash Flow balance (6500) | 5748 | 5294 | 5136 | 5066 | 4914 | 4837 | 4534 | 4155 | 4164 | 4129 | 4425 | 4405 | 2560 | 2500 |
| Corporation Gross Profit | 200 | 200 | 200 | 200 | 400 | 500 | 600 | 1000 | 1200 | 2000 | 3000 | 5000 | 94000 | 600000 |
| Accounting & Statement | -50 | -50 | -50 | -50 | -250 | -50 | -50 | -50 | -50 | -50 | -50 | -50 | -600 | -600 |
| Network Service Platform | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -100 | -1200 | -1200 |
| Legal & Professional fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Premises rental | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PR, News & Update | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Utilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Office Supplies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Communication | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank Charges | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -15 | -180 | -180 |
| Government Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Credit-card Merchant | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 | -10 |
| Insurance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Survey & Statistic | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Analysis & Research | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Design & Content | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Printing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Distribution | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Management Salaries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Technical Agent Salaries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Corporation Expense | -175 | -175 | -175 | -175 | -375 | -175 | -175 | -175 | -175 | -175 | -175 | -175 | -1990 | -1990 |
| Corporation Net Profit | 25 | 25 | 25 | 25 | 25 | 325 | 425 | 825 | 1025 | 1825 | 2825 | 4825 | 92010 | 598010 |
| Investor 1 Dividend | 12 | 12 | 12 | 12 | 12 | 162 | 212 | 412 | 512 | 912 | 1412 | 2412 | 46005 | 299005 |
| Investor 2 Dividend | 12 | 12 | 12 | 12 | 12 | 162 | 212 | 412 | 512 | 912 | 1412 | 2412 | 46005 | 299005 |