Ronaldo Endaya

March 8, 2019 SAMPLE OVERVIEW OF A BUSINESS PLAN Business Plan for ABC Company Adress: _____________ Table of Contents I. Introduction II. Purpose of the Business III. Form of Business Organization and Organizational Structure IV. Products and Services V. Target Market VI. Operational Workflow I. Introduction We are continually moving towards newer technologies and inventions. Some things have evolved brought about by advancements in technology, especially in the field of computing and trading. Marrying these two diverse fields together, we now have the ever-growing popularity of the so-called cryptocurrency which is the Bitcoin in the online digital trading world. History Bitcoin was thought to have been invented by a person named Satoshi Nakamoto although there were similar concepts of the cryptocurrency – like the b-money created by Wei Dai, creator of the bitcoin predecessor, and Nick Szabo, creator of bitcoin predecessor bit gold. Terminology A cryptocurrency and global payment system, Bitcoin is the first decentralized digital currency – and works without a central repository or single administrator. Network and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. It was created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by Cambridge University estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Source: Wikipedia on Bitcoin https://en.wikipedia.org/wiki/Bitcoin II. Purpose of the Business ABC CORPORATION is an online money service business engaged in the delivery of financial services for exchange, payments and remittances in the form of Virtual Currency (VC) and other currencies such as Bitcoin; thus providing faster and more economical transfer of funds, both local and international. ABC CORPORATION is established with the prime business objective to create consistent shareholder wealth and to operate into the foreseeable future as a profitable business entity. The company projects to achieve break-even during its first two years of operation. ABC CORPORATION has ambitious plans for its growth to become a significant player in the virtual currency world. The company’s proposed primary business is to engage in, conduct and carry on the operations as money service provider involved in the delivery of financial services for exchange, payments and remittances in the form of Virtual Currency (VC) and other currencies; providing faster and more economical transfer of funds, both domestic and international in accordance with the law. Our company’s proposed secondary business is to engage in and carry on the trade or business of providing goods and services to both private and government agencies and generally to perform any acts connected with the enterprise. The proposed location of the head office of the corporation will be at, at ________________. III. Form of Business Organization and Organizational Structure ABC COPORATION is a stock corporation and is currently applying for registration with the Securities and Exchange Commission (SEC). The company is located at ______________________________________. IV. Products and Services ABC offers trading (exchange) of Virtual Currency and acts as a payment and remittance center using Bitcoin as its medium of currency. V. Target Market Its target market is those who are willing to invest in the Cryptocurrency Bitcoin and other products of the company such as Fore and Crypto Exchange. VI. Operational Workflow