Analyses of Feasibility and Business Plans

High School ・Business ・MLA

The effects of the internet on a business

The effects of the internet on a business cannot be underestimated in the present times. The internet and other related technology are not determining how businesses and commerce should be carried out. With this knowledge, I propose that there should be a mobile application developed to monitor bill and transaction payments. The app would allow interlinking of the bank account with a sim card and provide a hub for paying bills and subscriptions. When all the bills are recorded in the application, it would give alerts when the due dates of the bills are close. The application would make sure that the customers pay their subscriptions to avoid being disconnected from their essential services. The application will save the essential time taken to clear bills and subscriptions.

The project and its requirements

The project will require sourcing software developers who are easily available online. To ensure lower costs the project will utilize the service of freelancing software developers with only a few in-house software developers. The application will be developed to be supported by Android, Windows, and Apple phones. A computer-based application shall also be developed to inculcate companies who are willing to adopt e-commerce in their transactions. The application might face competitions form other applications such as Mint. The project will endeavor to cover most companies and offer subsidies to both companies and customers. The customers shall enjoy discounts and rebates when they clear their bills way before the due date.

The importance of collecting enough information and data

In developing a business plan, it is essential to collect enough information and data. This will ensure preparation of a plan that is consistent with prevailing market conditions. The plan should be fine-tuned in regard to the expected audience. Different audiences have varying expectations of the plan. It is, therefore, prudent to ensure that a plan is prepared in line with the expectations of the target audience. In a way to improve the process, it is important for the plan to be focused on growth and not profits for its fulfillment.

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