Business Plan for Interlinked Security: Cyber Security Services
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Added on 2023/06/18
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This business plan outlines the cyber security services provided by Interlinked Security, including their marketing strategy, sales forecast, operational plan, legal environment, and management and organization. It also includes start-up expenses and capitalization.
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Business Plan
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Introduction Business plans in general are the formally written document which states the prime objective and purpose of the business, ways to achieve those stated objectives along with defined time frame. The cyber security business firm for this report is “Interlinked Secu1447939974rity” which offer complete and wide range of services of the business institutions, government and private both, established two years ago, at Leicester, England.
General company description Interlinked Security was founded two years ago in Leicester, England, with the prime objective of providing security related with cyber threats and attacks. Vision Statement:The Company has a long term vision of providing safe, reliable and protected business activities over internet without any worry of losing data or be a victim of any fraudulent activity, such as phishing, spear phishing, malwares, ransomware etc.
Marketing plan Marketing research Marketing research is first and foremost thing each entrepreneur or business owner in order to check the feasibility of their business ideas and analyze the numerous possible opportunities. Product The numerous and broad range of products and services provided by Interlinked Securities are Virtual CISO, Incident Response Services, Compliance security consulting, digital forensics consulting, security risk management, consulting, Ransom ware Response and Recovery, ransomware negotiations etc. These products are at the disposal of customers at any place and at any time.
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Continue… Cost leadership strategy is essential for the business firm to get an entry into highly competitive industry where several players are already struggling to outperform each other and gain dominance over cyber security business. Interlinked Security position itself in the target market as highly trusted and reliable company which provides complete solutions related with the cyber security and threats. With the low price and high quality products and services, Interlinked Security differentiate itself from other competitors who opt for a price skimming strategy to attract and gain brand recognition in the marketplace.
Continue… ActivitiesEstimated Amount Market research£100 Social media marketing (LinkedIn and Instagram) £80 Email Marketing£90 SMS and News letters£ 60 Ads in newspapers and business magazines £ 150 Announcements in local radio channel£ 165 Distribution of pamphlet£ 55 Total£700 Approximately
Sales Forecast The company is estimating to make a sale of their cyber security services to small and medium business worth £5000 for the first quarter of the same year and expecting the increase in sales by 10% each month for the current financial year.
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Operational Plan Operational plan is detailed outlined document which clearly stats how the team members working in an organization contributes towards meeting the goals and objectives. Production Interlinked in expertise in providing cyber security services to the clients thereby there is no production of goods but there is designing of services as per the needs and wants of business customer. Interlinked conducts extensive research in order to identify the problem of target audience and then recommend a best suitable solution.
Continue… Legal environment Legal environment for any business is defined as the laws which are passed by the government for the business operations. Below mentioned are the laws for the Interlinked Security business: •GDPR(General data protection Act), 2018., •Communication Act, 2013., •Privacy and Electronics Communication (ED Directive) Regulations 2003 (PECR) Act., •The Network and Information System Regulations Act, 2018 (NIS Regulations) •The computer misuse act, 1990., •Official secrets Act, 1989., •The regulation of Investigatory Powers Act 2000 (RIPA)
Management and organisation Personal financial statements Annual IncomeAmount Salary£3000 Part-Time Income£2000 Net Investment Income£20,000 Interest Income£3000 Dividend Income£6000 Real Estate Income£50,000 Other Investment Income£25000 Bonus£10,000
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Continue… Start up expenses and Capitalization Start-up ExpensesAmount Legal£42,500 Consultants£0 Rent£15,000 Insurance£55,000 Research and Development£20,000 Expensed Equipment£13,600 Signs£800 Total Start-up Expenses£ 147,400 Start-up Assets£0 Cash Required£ 80,000 Start-up Inventory£50,000 Other current assets£150,000 Long term assets£110,000 Total Assets£390,000
Conclusion From the above stated report it has been identified that in order to create, run and manage the new business venture, it is essential for the entrepreneurs or business owners to have a clearly written business plan. This plan helps the business owners in taking each successive steps towards the development of a business firm and assist investors, government and banking institutions to establish their credibility.
References Cunha, R.V., 2020. Business plan: implementation of a school from 1st to 12th grade with integrated arts and sports programs (Doctoral dissertation). Hou, K., Deng, S. and Zhong, Y., 2021. Decision Making in Business Plan Writing and Analysis of Firm Characteristic: Associated with PaperGreen Business Report. Frontiers in Economics and Management, 2(5), pp.30-38. Pok, Y.K. and Leung, H.Y., 2020. Master Final Project-Business Plan of Style_We_Knit (Master's thesis). PUNTIERI, D., 2021. Nestore. The virtual coach for healthy ageing. Definition of a comprehensive business plan.
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