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Data Recovery Business Plan

3 March 2023 Businnes Plan


Data Recovery Business Plan


Introduction

Electronic Detectives, Inc. aids lawyers to identify, acquire, restore, analyze, and present electronic data in court. Our full-time certified forensic, discovery, and testifying experts have extensive experience in acquiring data from NT servers, Novell, Unix, Linux servers, and PCs. As experts, our testimony will shape electronic discovery.

The Company

Electronic Detectives LLC will be a Delaware limited liability business. This is for tax purposes. Limited private investors have invested in the company, but it does not intend on going public. The company has its main office in Portland, Oregon. The company will serve law firms that need electronic data restoration, analysis, and identification.

47% of shares will be owned by the company’s private investors. The remainder will be owned by senior management. This includes Mr. David Radcliffe (20%). Mrs. Julie Walters (10%) and Mr. Brad Rinke (15%). Mr. William Orcott (7%). All other financing will come from loans.

The Services

Electronic Detectives boasts experts in all major commercial operating systems including Unix Linux Linux Novell. The firm will assist in 30(b)(6) depositions to produce and go on-site to inventory data and look for hidden sources. To protect clients, the company plans to keep well-recorded chains-of custody. Written protocols and internal procedures guarantee that all jurisdictions will be able to examine the work product. To support our conclusions, we will provide detailed written reports, presentations and analyses. Our firm also has extensive experience in providing expert testimony in both federal and state courts.

Market

Electronic evidence gathering is a sub-sector of the detective industry. It is so new that it is difficult to gather market data. A glance at the profitability of a competitor will give you an idea about the potential profit and growth of this market. Computer Forensics of Bellevue, WA has been in business for four years now and has experienced explosive growth averaging 40% per year. The company, after significant investment, achieved record pre-tax returns on net worth of 65%. This is a clear indication of the market’s potential growth and demand. This market is highly desirable and you can enter it now to gain a position that is strong based on customer satisfaction.

Financial Considerations

According to our estimates, we’ll begin to make monthly profit in November of the first and yearly profits in December of the third year. Electronic Detectives has received an additional $60,000 credit loan in the event that our predictions prove to be wrong. To meet costs, we’ll need to complete six different projects per month as per our break-even analysis. We expect to have a positive cash flow over the next three-years and begin to repay our various loans.

1.1 Objectives

The following goals are for Electronic Detectives in the next three years

  • Break-even achieved by year 2.
  • By the end of the third year, you will have 40 clients in your law firm.
  • Establish minimum 95% customer satisfaction rate.
  • You can complete your project in 10 days or less.

Success Keys 1.2

These are the keys to long term survival and profitability of Electronic Detectives:

  • Attracting the best talent within the computer science field, and establishing close contact with firms and institutions conducting R&D in computer safety.
  • To generate repeat business and build a strong reputation, it is important to keep in touch with clients.
  • Establishing procedures to ensure rapid, accurate retrieval of information, and client processing.

1.3 Mission

Electronic Detectives has the goal of setting a new standard within the detective profession. Electronic Detectives was founded in order to provide a new standard for the detective industry. There are currently very few companies offering investigative services to firms or institutions that need such information.

Electronic Detectives intends to lead the way in establishing standards for customer service, accurate recovery, timeliness, and professionalism that will allow the company to gain significant market share and an agressive, defensible position in the industry.

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