BUSINESS PLAN

Owner Abhinav Puneet 12BSPHH010019 IBS Hyderabad M: 09948540493 abhinavpuneet@gmail.com

Executive Summary

General Company Description

Mission Statement: To provide our clients with the finest security services and products available in the marketplace. Through our extensive complement of high quality products and services, we will enable our clients to run their operations with minimal effort and concern for their safety and security.

 Company Goals and Objectives: We will make a very strong commitment to our people, as they are ultimately responsible for our success. We seek to create and maintain an environment where every employee is rewarded according to their contribution to the success of our collective efforts. We will further reward our people with job satisfaction, recognition, advancement opportunities, leading-edge employee benefits and bonus incentive programs.

 Legal form of ownership: Partnership

Economics
Facts about your industry

The global biometrics market is at $5.2 billion in 2012 anticipated to reach $16.7 billion by 2019. Market growth is a result of demand for protection of individual information and for the needs of organization to control access to documents and to areas.

Some typical barriers

High capital costs High production costs High marketing costs Consumer acceptance and brand recognition

Training and skills

Unique technology and patents

Following things can affect the business

Change in technology Change in government regulations Change in the economy Change in your industry

Competitor Analysis
1 Cyber-SIGN Biometric Technology - 7 Avalon Biometrics - Amano Japan / Accu-Time Systems - BIO-key - CSC - DigitalPersona - EgisTec - Fingerprint Cards AB - Gemalto - IBM Facial Recognition

- Mereal Biometrics - NEC - Precise Biometrics - RDSK / Litronic - STMicroelectronics - Tyco Integrated Security - UnionCommunity / Virdi - Vision-Box - Witswell Consulting and Services / Cyber-SIGN - Zvetco Biometrics - eKey

Benefits
Unique: The various biometrics systems have been developed around unique characteristics of individuals. The probability of 2 people sharing the same biometric data is virtually nil. Cannot be shared: Because a biometric property is an intrinsic property of an individual, it is extremely difficult to duplicate or share (you cannot give a copy of your face or your hand to someone!). Cannot be copied: Biometric characteristics are nearly impossible to forge or spoof, especially with new technologies ensuring that the biometric being identified is from a live person. Cannot be lost: A biometric property of an individual can be lost only in case of serious accident.

 Reliable user authentication is essential. The consequences of insecure authentication in a banking or corporate environment can be catastrophic, with loss of confidential information, money, and compromised data integrity. Many applications in everyday life also require user authentication, including physical access control to offices or buildings, e-commerce, healthcare, immigration and border control, etc. Currently, the prevailing techniques of user authentication are linked to passwords, user IDs, identification cards and PINs (personal identification numbers). These techniques suffer from several limitations: Passwords and PINs can be guessed, stolen or illicitly acquired by covert observation. In addition, there is no way to positively link the usage of the system or service to the actual user. A password can be shared, and there is no way for the system to know who the actual user is. A credit card transaction can only validate the credit card number and the PIN, not if the transaction is conducted by the rightful owner of the credit card.

You may have more than one customer group. Identify the most important groups. Then, for each customer group, construct what is called a demographic profile:
Age
Gender

Location
Income level

Social class and occupation

Education

For business customers, the demographic factors might be:

Industry (or portion of an industry)
Location Size of firm

Quality, technology, and price preferences

Financial Plan
Sales forecast Expenses budget Cash flow statement Income projections Assets and liabilities Break-even analysis

Operational Plan
Production techniques and costs
Quality control

Customer service
Inventory control Product development

Physical requirements
Amount of space
Type of building Zoning Power and other utilities

For the purposes of the E-Spirit competition, Operations Plans may include:

Inventory Supplier analysis Scheduling Production costing (how much does the product or service cost the business) Monitoring/benchmarking of key milestone dates Distribution Human resource requirements

 Production techniques and costs Quality control

Customer service
Inventory control Product development

Legal Environment
Licensing and bonding requirements

Permits
Health, workplace, or environmental regulations

Special regulations covering your industry or profession

Zoning or building code requirements Insurance coverage Trademarks, copyrights, or patents (pending, existing, or purchased)