HISTORY
Internet café business is indeed a very popular business. It is one of the establishmentsmade indispensable in an increasingly interconnected world.Internet café was started with the opening of the first cyber café, Café Cyberia, in London(UK) September 1, 1994. It was founded by Eva Pascoe. It started with half a dozen HPcomputers, connected to the Internet through dial-up modems that were able to transfer dataat 9.6 kilobytes per second. As the first Internet cafe, Cafe Cyberia got tremendous publicityand additional investments into the business from likes of Mick Jagger and Maurice Saatchi.With the success of Cafe Cyberia, the Internet Cafe business got into a flying start, and therewere over 60 similar cafes over the world by the summer of 1995.“CYBERKADAHAN INTERNET CAFE” is name of a proposed business plan; “CYBER”being related to computers and “KADAHAN” meaning a group of individual or people who areclosely bonded.
Type of Business Organization
Since the composed of five (5) ladies each one of has agreed and decided to be partners.The groups preferred to use partnership as a type of business organization.
Partnership –
is an organization where two or more person binds themselves to contributemoney, property, or industry into a common fund with the intention of dividing profits amongthemselves.Benefits of partnership type of business we are establishing:
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Partnership is relatively easy to establish; however times should be invested indeveloping the partnership agreement, in our case there’s no problem about it becausewe are mostly friends and we are devoted to make our business progress.
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With more than one owner, the ability to raise funds- Debt vs. Equity maybe increased.
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Enhanced capital availability. Two or more people will be providing and searching for capital. In addition, funding sources are more likely to entertain financing requestbecause of the broader capital base.
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