Looking for 1.7 for Sales Force Expansion

[GlobalITSolutions]

View Document Online
http://www.gitsolutions.biz/Dwlnd/20...s&Lending).pdf

Executive Summary
This Executive Summary is part of the 2008 business plan that provides guidance for Global IT Solutions, LCC. It renews our vision and strategic focus: adding value to our target market segments, the small business owners and investors, in our local markets. It also provides the step-by-step plan for improving our sales, gross margin, and profitability. In order to implement these changes and improve profitability, we plan to borrow $1,711,002.10 long-term this year, either through private investors or a bank loan. The amount is in-line with the balance sheet capabilities. By focusing on our strengths, our key clients, and the underlying values we need, Global IT Solutions, LLC will increase sales to more than $6.4Million in three years, while improving the gross margin on sales, cash management and working capital.

For Investors and Lenders
Our investors and lenders are looking for dynamic growth, validity and security of their investments with Global IT Solutions, LLC:
• Amount of loan
 $1,711,002.10
• How the funds will be used
 Annual salary for 15 Business Development Managers - $675,000.00
 Recruitment of Business Development Managers - $81,000.00
 Training and Development of Business Development Managers - $42,745.96
 Infrastructure and Office Spaces for Business Development Managers - $70,020.93
 Software development for current CRM system- $50,000.00 (Estimated)
 Annual services for Online Business Solution services - $52,754.55
 Consolidation of Long-Term lease agreements with higher interest rates - $18,593.97
 Marketing Strategy (Public Relations, radio, cable TV, sales brochures, direct mailers and events) - $215,667.32
 Working Capital Reserve for unplanned costs and expenses - $505,219.24
• What this will accomplish—how will it make the business stronger
 Business Development Manger Expected Sales revenue after 3 month training period – ($65k expected annual revenue)
 CRM development will allow Global IT Solutions to enter into new market of Project Management and resell of add-on product to Mid- Enterprise level clients – (No Project Revenue Associated currently)
 Online Business Solutions – ($2.8Million annual revenue)
 Long-Term lease agreements – (Net an additional $9,096 annual working capital)
 Marketing Strategy – Increase brand recognition and assist in sales generation. (Expected ROI -135%)
 Working Capital Reserve – Provides Global IT Solutions, LLC with the flexibility to add additional team member if sales goals exceed expectations and have reserves outside of existing funds for unplanned expenses.
• Requested repayment terms (number of years to repay)
 5 years
• Collateral offered, (existing liens against collateral)
 20% ownership of business and all Global IT Solutions, LLC assets
 Existing long-term leases $18,593.97
For Investors Only
• Estimated return on investment for investors only
 7% Annual return on Loan amount.
 1-5% Bi-quarterly profit sharing dependent on amount invested.
• Exit strategy for investors (buyback, sale, or IPO)
 IPO or sale (Explained more in 2008 Business Plan)
• Percent of ownership that Global IT Solutions will give up to investors
 1-5% of business ownership/IPO options dependent on amount invested.
• Milestones or conditions that Global IT Solutions will accept
 Bi-quarterly sales performance
 Annual sales performance and gross profit expectations
• Financial reporting and payment to be provided
 Virgin Money Personal Loan Management from Virgin Money
• Involvement of investors on the board or in management
 Percentage vote based on investment for purchases or annual cost exceeding $60,000.00
 Annual board members meeting

[GlobalITSolutions]

Anyone have any suggestions on the best avenues to persue these types of personal investors.

[BusinessAdviser]

View Document Online
http://www.gitsolutions.biz/Dwlnd/20...s&Lending).pdf

Executive Summary
This Executive Summary is part of the 2008 business plan that provides guidance for Global IT Solutions, LCC. It renews our vision and strategic focus: adding value to our target market segments, the small business owners and investors, in our local markets. It also provides the step-by-step plan for improving our sales, gross margin, and profitability. In order to implement these changes and improve profitability, we plan to borrow $1,711,002.10 long-term this year, either through private investors or a bank loan. The amount is in-line with the balance sheet capabilities. By focusing on our strengths, our key clients, and the underlying values we need, Global IT Solutions, LLC will increase sales to more than $6.4Million in three years, while improving the gross margin on sales, cash management and working capital.

For Investors and Lenders
Our investors and lenders are looking for dynamic growth, validity and security of their investments with Global IT Solutions, LLC:
• Amount of loan
 $1,711,002.10
• How the funds will be used
 Annual salary for 15 Business Development Managers - $675,000.00
 Recruitment of Business Development Managers - $81,000.00
 Training and Development of Business Development Managers - $42,745.96
 Infrastructure and Office Spaces for Business Development Managers - $70,020.93
 Software development for current CRM system- $50,000.00 (Estimated)
 Annual services for Online Business Solution services - $52,754.55
 Consolidation of Long-Term lease agreements with higher interest rates - $18,593.97
 Marketing Strategy (Public Relations, radio, cable TV, sales brochures, direct mailers and events) - $215,667.32
 Working Capital Reserve for unplanned costs and expenses - $505,219.24
• What this will accomplish—how will it make the business stronger
 Business Development Manger Expected Sales revenue after 3 month training period – ($65k expected annual revenue)
 CRM development will allow Global IT Solutions to enter into new market of Project Management and resell of add-on product to Mid- Enterprise level clients – (No Project Revenue Associated currently)
 Online Business Solutions – ($2.8Million annual revenue)
 Long-Term lease agreements – (Net an additional $9,096 annual working capital)
 Marketing Strategy – Increase brand recognition and assist in sales generation. (Expected ROI -135%)
 Working Capital Reserve – Provides Global IT Solutions, LLC with the flexibility to add additional team member if sales goals exceed expectations and have reserves outside of existing funds for unplanned expenses.
• Requested repayment terms (number of years to repay)
 5 years
• Collateral offered, (existing liens against collateral)
 20% ownership of business and all Global IT Solutions, LLC assets
 Existing long-term leases $18,593.97
For Investors Only
• Estimated return on investment for investors only
 7% Annual return on Loan amount.
 1-5% Bi-quarterly profit sharing dependent on amount invested.
• Exit strategy for investors (buyback, sale, or IPO)
 IPO or sale (Explained more in 2008 Business Plan)
• Percent of ownership that Global IT Solutions will give up to investors
 1-5% of business ownership/IPO options dependent on amount invested.
• Milestones or conditions that Global IT Solutions will accept
 Bi-quarterly sales performance
 Annual sales performance and gross profit expectations
• Financial reporting and payment to be provided
 Virgin Money Personal Loan Management from Virgin Money
• Involvement of investors on the board or in management
 Percentage vote based on investment for purchases or annual cost exceeding $60,000.00
 Annual board members meeting

Really think you're going to find $1.7 mil here?

[GlobalITSolutions]

Really think you're going to find $1.7 mil here?

Not sure, but possible someone might know someone where to find this type of investor.

Thanks,
Dave

[chuff1026]

lol
1.7?
ask yourself why an investor with 1.7 million to invest will give it to you. What is the opportunity cost to him? If it's a sure thing why not go to the bank?

[entrepresooner]

lol
1.7?
ask yourself why an investor with 1.7 million to invest will give it to you. What is the opportunity cost to him? If it's a sure thing why not go to the bank?

If you can find $1.7 Mil from an investor, why would you go to the bank?

Why does anyone invest in anything? To make money.
He outlined his plan right there for you. If someone with the 1.7 thinks the plan is good, and the company has potential, thats the reason they would invest.

Why do half the replies in this forum seem to contain a bunch rhetorical questions, serving no other point that to make the asker feel dumb?

If your not trying to help the guy out why even say anything?