Nt1330 Unit 3 Assignment

Our mission is to provide our customers with the best products and services that we have created a new market space for. We strive for 100% customer satisfaction and taking what used to be multiple purchases of software into one operation system. That can increase many aspects of the important sectors within the restaurant industry. I.e. decrease employee-training time, increase outputs, real-time record keeping ‘including inventory’, and more.
Business Opportunity
S.B. Solutions and Electronics, has many ways we can capitalize our company. There will be two methods of the way the electronics will be reported on our financial statements. One way, is when a customer signs up and wants X amount of Tablets it will be reported in the balance

sheet under equipment, thus, depreciating over time. What this does is allows the customer to upgrade their equipment, causing more revenues for S.B. Solutions and Electronics. With that said the second option would be to lease our electronics out to consumers, the amount will then be reported as a liability and the electronics will be reported under the balance sheet in equipment. Our devices will create the most capitalization for us and can generate more revenues depending on how the consumer opts to purchase. This alone increases our opportunities versus competitors, as they do not have lease options with electronics that have all the capabilities as ours.
With the above chart, it is divided into 3 categories to show S.B. Solutions and Electronics annual sales, industry growth opportunities, and what consumers are paying per company. The breakdown of the calculations are as follows, S.B. Solutions and Electronics: 400 a tablet at 50 tablets sold, 1,000 for 1 POS computer with register drawer, monthly fees for warranties and upgrades ranging from 5 to 20 per month (multiplied each by 12 for number of months within a year) this came to the final calculation of 21,270 per customer. For the competitors they averages were 550 per tablet at 50 tablets sold, 1 POS without register for 1,200, and lastly with only 1 monthly fees for support at 40 a month (multiplied each by 12 for number of months within a year) this came to the final calculation of 30,000 per customer).
As mentioned above, the chart was graphed at annual sales for one customer, to elaborate on how this can affect each business, since mine is, cheaper, better quality, and does everything, I would project to sell more then the competitor. For example, competitor sells 1,000 of their products annually, with only 40 dollars coming in monthly per customer for support; equals to 30,480,000 annual sales. Now with S.B. Solutions and Electronics estimated annually is, 1,200 sales, with 25,554,000; which means I would need to sell an additional 230 sets annually to match my competitor. However, we have what they do not have and that is additional sales that can be purchased if chosen.
Lastly, it is common sense that not only selling cheaper then the competitor but offering way more and better quality, will put us at the top of lead restaurant software and electronic sellers. This also allows the customer to purchase more of our services and products, whilst not burdening them with debt, and risking the loss of customers and purchases. This gives us room to grow and expand our services even farther and down the road there will be a price mark-up once we start to become known.
The restaurant industry started in 1765 when Monsieur Boulanger opened a soup restaurant in Paris and back then restaurant meaning was soup; although this is a legend, since there are no documents to prove this story. However, the first restaurant with documentation during the 18th century, by a man named Mathurin Roze de Chantoiseau. With that said it is clear that the restaurant industry has expanded from soups to franchises, however, one thing that has not changed much is the operations of the business. In today’s industry there are more complaints, business closing down, high employee turnover, and more importantly getting out of debt. With the technology we have, most businesses still use the old school methods of just one POS with a drawer; while most of them these days are touch screen. The point here is, managers still physically train employees, orders are being taken wrong, food allergy warnings do not make it to the chef, and more. Basically, the restaurant industry is still highly unorganized and with out software, we can take everything from training, to integrated systems with everything that has been lacking for years in the industry.
Projected Position for The Future
Currently, in the software and electronic industry for restaurants there are serious lacks of ease with all the separated software’s that need to be purchased.

As well as currently, there is only pre programmable tablets, or software that has to be downloaded from a main website, to be able to utilize the hand held devices. All these things not only hinder the customer, it also creates a major gap between electronic uses and sufficiency within the industry. The world is evolving to electronics; everything these days there is an app for or you can do anything online. While these means some of the capabilities are being used currently within the industry. They are not be created and utilized to meet the current business owner of a restaurant demands. Let alone, simplify the process of the software and create app’s that can be downloaded. This not only creates the ease for the customer, but also generates continuous income for S.B. Solutions and Electronics. Other software engineers are starting to up their game, businesses are wanting to make things more cost effective yet at the same time save money; times are changing and our software will revolutionize the restaurant industry and not only increase the business success rates, but also create a whole new market space. We also plan on down the road, expanding our software to different industries, such as suppliers and

retailers.