Technical Data Corporation Business Plan

Topics: Promissory note, Finance, Bond Pages: 3 (1098 words) Published: September 10, 2010
Technical Data Corporation Business Plan

1. Technical Data Corporation is in the computer hardware and software business. TDC is in the business of providing liable data in regards to the fixed income market. TDC is going to provide a web based service that will relay historical price data, price analysis, and market commentary on the day to day price variances. Currently the purchases of this information are not willing to pay high amounts to access this information. Additionally, the purchases are not willing to buy any equipment to get this information. The purchases expect to get this information from their current equipment. Many of the competitors in this industry provide some of the same information, but all of them are not willing to provide this information on a up to date basis.

2. The financial offer to the investor is the sale of twenty separate units. Each unit is includes 50 shares of common stock at $10 per share and a non-negotiable promissory note with a face value of $4,500. The 50 shares of common stock have no par value. Additionally, the stocks do not have a registration statement for the securities and therefore cannot be transferred. The promissory note involves an annual interest rate of 15% that is allocated in semiannual payments beginning July 1, 1981. The date of maturity for the note is December 15, 1990. Under the terms in the promissory note the company reserves the right to prepay, in whole or in part, the principal and interest due at any time without penalty.

3. Technical Data Corp. makes several assumptions in relation to its expenses, revenues and cash balance. For expenses, TDC assumes it will only require two full-time professionals through the first year of the company and will add a full-time clerical employee as of April, 1981, a part-time computer consultant in June,1981, and an additional full-time professional in January, 1983. These additions assume that revenues are meeting expectations. TDC also makes...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Technical Data Corporation
  • my business plan Essay
  • Business Plan Essay
  • Essay about Business plan
  • business plan Essay
  • Essay about Able Corporation Business Plan
  • Essay on Simple Business Plan Outline
  • Analyze a business plan Essay

Become a StudyMode Member

Sign Up - It's Free