E-WORLD

Market Feasibility Report
E-World Web Design Company

12/7/2010

This market feasibility report will present many aspects of system and business for web design company E-World. Report will examine the market, operational, and financial feasibility as well as internal and external analyzes.
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Table of Contents
Executive Summary ................................................................................................................................. 2 Market Feasibility Idea ............................................................................................................................. 3 Description .............................................................................................................................................. 3 Uniqueness ............................................................................................................................................. 3 External Analysis: Applicable Strengths And Weaknesses ....................................................................... 4 PEST Analysis ..................................................................................................................................... 4 SWOT Analysis .................................................................................................................................... 5 Strengths ............................................................................................................................................ 5 Weaknesses ........................................................................................................................................ 5 Opportunities ...................................................................................................................................... 6 Threats .............................................................................................................................................. 6 External Analysis: Feasibility of the Idea .................................................................................................. 6 Industry Analysis .................................................................................................................................. 6 Five Porter Forces: ........................................................................................................................... 6 Competitor Analysis ............................................................................................................................. 8 Current Market for Services .................................................................................................................. 9 Customer Analysis ............................................................................................................................... 9 External Analysis: Needed for Implementation ....................................................................................... 10 Managerial Structure:............................................................................................................................. 10 Financial Feasibility ............................................................................................................................... 12 Break Even Analysis: ......................................................................................................................... 12 Projected Sales: ................................................................................................................................. 13 Income Statement: ............................................................................................................................. 13 Cash Flow Statement: ........................................................................................................................ 15 Balance Sheet: ................................................................................................................................... 17 Possible funding options: .................................................................................................................... 18 References: ........................................................................................................................................... 19

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and financial feasibility as well as internal and external analyzes. Furthermore. E-World believes that it can provide a unique and better service to small businesses. in contrast to the services being offered in the market. The services E-World offers consist of website development and design. because there is no leading company in this big market. operational. it is an amazing fact that only a small number of web design companies have taken an advantage of this opportunity. Our company created a web design system that reduces the cost of the projects. development and promotion for the small businesses is high all the time. Company offers Internet and Web-based services to small businesses in the city of Klaipeda. This market feasibility report will present many aspects of system and business for web design company E-World. hosting. the E-World will offer same high-end web design services at much lower costs. and according to the statistics does not show any evidence of decline. The growth rate and demand for the web design. Thus. With an experience and knowledge in Web development and business-to-business sales. Lithuania. Report will examine the market.Executive Summary E-World is a small venture found in the commercial area of Klaipeda. E-World believes that this phenomenon of unoccupied market happened due to the high project cost. maintenance and marketing. 2 .

Uniqueness Our motto is "The sites that work". it will give us solutions that will allow us to create sites that meet the requirements of both customers and their potential clients. and they work not only in a technical sense. At the creation stage we offer our customers three different design models from which he/she can choose one that he/she likes and it will be developed further. We will use an individual approach to each client. Create a site can many. Manufacturing Web sites in our studio involves the whole cycle of works from domain registration to hosting a site as well as providing graphic design. Quality of design can also greatly enhance the popularity of the company. evidenced by the feedback from our customers. which will increase the recognition of the company and attract new customers. Therefore. but to make an effective tool in the market of Internet space can only few. we consider the development and manufacturing site. The "Completed Work" will allow customers to fully sense the style and quality of developed sites. with a competent design. Therefore development team is required to have a developed marketing skills and practical experience. We believe that the factor determining the success of our company will be the quality of work performed. unlike the template. Description The main area of activity is the creation and promotion of Internet sites that can be used as sales tool or tackle other tasks entrusted to it.Market Feasibility Idea My idea for market feasibility study is start up web page creation and hosting company with future development opportunity to social network and mail domain creation and maintenance. Creation of web sites for commercial subjects (creation of corporate websites) and promotion is one of the most competitive industries in the field of Internet sites development. We commit ourselves to the task of creating technically ready to move in search engine site. as the first stage of its successful promotion. but also in economic terms. 3 .

4 .External Analysis: Applicable Strengths And Weaknesses PEST Analysis Political factors Strengths Lithuania became independent and began the privatization process. Weaknesses 1. support for small and medium-sized businesses to reduce the influence of monopolies and oligopolies in markets (in accordance with the laws of the Republic of Lithuania. Lithuania has noticeably higher the inflation rate than in other EU countries. Seimas of the Lithuanian Government approved the draft laws. Lack of state support for SME development. They often form their outright change in policy. Slow pace of the middle layer formation. Economic Factors Strengths Rapid GDP growth during 2006 has risen by 6. began to promote competition.9 percent. Lithuania is a member of the EU. company formation.802 LT and the private sector grew 20. political instability affects not only government actions. which encourages foreign professionals to work in web design industry in Lithuania. the World Trade Organization and other smaller regulating trade organizations.7 percent and amounted to 1. These unions protect intellectual property. although in theory should be changed every four years). which is still only 16 years old. which is closely related. Weaknesses Lithuania is a relatively young country.about 5 per cent. Although now it is forecasted that GDP growth rate will slow down. but the country and the economic environment complicates the establishment of a business and its development. accounting and control rules.1 percent and amounted to 1. Average monthly gross wages and salaries in the public sector increased by 19. These changes negatively impact the industry of web design and software. The State and the EU is making efforts in order to further reduce the number of state-owned enterprises and monopolies. 2. which is crucial to web design industry.687 LT in year 2010 compared to 2009. laws and fees are regulated by their calculating procedures. Lithuania does not meet the Maastricht inflation criterion. and increased surveillance. but it should remain high in the future (the Ministry of Finance forecasts . Frequent changes of government (now 14th. After joining the EU. Lithuanian law is enforced racial. the entity is considered dominant if its market share is not less than 40 percent). cultural and religious equality. 4. 3. Per annum 2010).

Flexibility of time and projects The capability of meeting the client's desires with a custom-built. Increase of Internet users in the group. there is still more of their goods and services to companies that advertise their web sites. Technology Strengths The State encourages people to purchase computers (to be reimbursed 33 percent of the purchase value). supports the use of cyberspace (tax payment. SWOT Analysis Strengths y y y y Weaknesses y Profound and broad understanding of industry. especially among young people.3 in 2010 6. Klaipeda¶s has available entertainment niche. as in the rest of Lithuania. These factors can diminish the number of clients.2 and 3. Superior experience and knowledge. order the performance of banking operations. The number of unemployed people is uniformly decreasing. because the typical client is 20 to 40 years old.9 (Lithuania respectively 3. Weaknesses We have the technical base of companies do not provide an optimal work performance and attractive price / quality ratio. The increased population migration was observed as a part of trend of the aging population. there is no religious fragmentation of the conflict.000 population was 6. the achievement of all public institutions). y y Limited number of served clients due to the one person venture (at least originally) The difficulty of building brand image. the demand for software and web design is increasing for past 3 years. 2009 natural population has decline. The inability to meet rapidly growing demand. consultations on the Internet. Klaipeda welcomes overseas products and services. Weaknesses In Klaipeda region has increased mortality rates. It affects the region and the economic situation by increasing the number of pensioners. per 1. 5 .9).Social Factors Strengths In Klaipeda. There is a growing crime rate. Out of these factors as a trend. malleable solution.

Threat of New Entrants. At the moment we are seeing consistent development of the Lithuanian Internet and projected growth of an Industry for this year is 20%1. Substantial leaps in computer technology makes computers a lot easier to use. Yet costs are falling fast. At the same 1 Kiran C. decreasing the demand for developing web pages.was enormous. It used to costs an arm and a leg to launch a portal. Five Porter Forces: According to online encyclopedia Investopedia. regardless of distance and language skills. is an area that provides opportunities for career growth and rising living standards for talented professionals. The price of computer software and servers and network bandwidth . y Receive information quickly and on time. therefore. A significant proportion of the advertising market is moving from off-line to on-line. Niche for selling templates y Future competition from authorized web design firms.of which portals consume a substantial amount . High variety of sales opportunities as technology advances. External Analysis: Feasibility of the Idea Industry Analysis Internet industry is one of the most dynamic sectors of modern business.. Web Development 2010 6 . y Conduct business remotely. A substantial increase in client's computer proficiency leads to selfmade web sites. You do not need to look far to realize that the cost of entry has fallen fast. Web site from a simple web-based tool of communication turned into a powerful industry that allows conducting business around the world. as off-the shelf systems can now do what only customized technologies could do just a few of years ago and at a fraction of the price. y Promote products.com the Five Porter Forces for Internet Industry are: 1. Internet gives basic but sufficient advantage for a business: y This is an opportunity to have business partners in every corner of the globe.Opportunities y y y Threats y y Partaking in a rapidly growing market. which entails increasing segment of the Internet market. And.

such as television and magazines. is not based on their low entry cost into book retailing. Power of Suppliers. information and services. Competitive Rivalry. or similar. 3. the telecom bandwidth business is getting increasingly competitive and prices are falling fast. 5.both white and yellow pages . brainy web developers. However. There are more. Expect content suppliers to enjoy growing power. Granted. which were scarce at the height of the internet market boom. original content suppliers represent a readily available set of substitutes. Feeble barriers to entry. URL bookmarking makes the job of switching to other sites even easier for users. internet portals rely on telecom network operators for a steady diet of internet bandwidth. The most obvious are other websites that offer the same.are still very convenient business search tools. Portals' heavy reliance on advertising dollars means that ad spenders can squeeze increasingly better terms for banner space. 4.time. especially considering portals will not able to give content away forever. are now much easier for new entrants to find and have become more affordable keep. At the same time. 7 . customers make no financial commitment to the service. moving images never suffer slow connections. magazines can be rolled up and carried on the bus. a slew of substitutes and steadily increasingly buyer power combine to create a disturbing impact: fierce competition and industry rivalry. they are just a click away. it can be awfully difficult to switch to a new supplier. Basically. Both enjoy considerable power over portals. But once systems are hooked up to telecom operator networks. portals are in constant danger of a mass desertion of users to other sites because in most cases. Availability of Substitutes. this is because they don't actually own much. Don't forget that the good old telephone directories . In most cases. Television's clear. In fact. Internet portals have two sets of buyers: visitors and advertisers. less obvious substitutes as well. new magazines and the like. the apparent success of companies like Amazon. 2. Entering a new market with a new brand still calls for deep pockets. Internet portals must defend themselves from a raft of substitutes. Power of Buyers. Most portals do little more than aggregate information and services that already exists on the internet. Competing sites are just a click away. Portals generally have little power over suppliers. but the very large sums of money spent on promotion and growing their business. Most of the information and services they deliver to users is supplied by outside companies ± stock brokerages.

threatening the survival of players who can't compete. All of this tends to drive industry profitability down.lt/ 6 Information about the services was taken from http://www.lt/paslaugos 3 8 .lt/lt/paslaugos_svetainiu_kurimas_web_dizainas 4 Information about the services was taken from http://www.lt/#Paslaugos 5 Information about the services was taken from http://www. 3 WebMod company : Web site development services Competitor Name Edit Studija4: MMarius Company5: Emotion Company6: Web development Web Design Web development E-commerce Web site promotion Content Management System (CMS) Web Design Three-dimensional graphics (3D) Online Advertising Internet Advertising Web development Website Support Internet Advertising Internet Marketing y photo pages Flash/animation Services y Translation pages y name and online hosting Create corporate Photography style Additional Services: Other Web N/A Solutions N/A Lt Starting from 400lt* Prices: Starting from 490lt* Starting from 490 lt* Starting from 400 lt* *with minimum tools and widgets included (basic level websites) 2 All information about Five Porter Forces was taken from the online encyclopedia www.webmod.2 Competitor Analysis Currently in Klaipeda there are only four web sites¶ creating companies.com Information about the services was taken from http://www.investopedia.emotion.e-dit.Portal competitors now must lure customers with lower prices and heavy investment in more exciting content services. They and their areas of activities are presented in table below.mmarius.

ivpk. providing Content Management System. age gap is not considered to be a criterion.lt/main-stat. MySQL and etc. These services include website creation and promotion. Customer Analysis The typical customer for the Web page creation company that creates the major segment of operational income is business person. we will provide it. selling website templates (html. Following this demand.8% do not have. creation of company¶s logo. flash animation and flash site creation. I will operate in a niche for website creation and development services.php?cat=62&n=21 9 . who wants to create the website for their company or any other project. companies WebMod and Emotion are leading companies that provide good quality services for average industry price. but are willing to create one7. Also. providing hosting and space on the server and registering the domain (name of the website). xhtml. Current Market for Services According to research made by the committee of development of the Informational society states that 35% of the businesses in Lithuania have their corporate website and 42.). who want to create website or any featured object (3D or flash) for their personal use. Also there are customers of high variety of age and income. if customer has need in keeping website maintenance. creation of online galleries. Their price and quality ratio is above others in Klaipeda.According to the services provided and the number of web sites created. 3D object development. 7 Information was taken from http://www. php. taking pictures for creation of the website. or commercial/marketing director with middle or high income. both advertising the website and placing adverting on the website.

Talking about hardware. The only requirement is a good typing speed. because they are more beneficial to firm¶s performance for the aperiodic jobs. as well as the second office employee. Set of texts will be given to the contractor. Managerial Structure: As a strategy for selecting components of information-analytical system. plus wide optical internet access point. education also has no value. other than typing. Unlike in the case of type writers. the firm can hire people of any age and gender. The E-World is not going to abandon the workers on contract. entrepreneur must keep in mind workers in amount several times more than needed. above mentioned services require qualified professionals who unlikely will want to work on the contract for a fairly reasonable wage. To this reason. company will need 4 PC¶s. most of the work will fall on the individual entrepreneur. set up and create software products). as well as the fact that it does not require to pay wages for contract workers if they do not work. Also on similar terms will be hired one or two technicians. The distribution of jobs and control over the execution of all works will be carried out directly by an individual entrepreneur. In the future (at the end of the year) the second office worker will be transferred to a permanent position. and modernize equipment. In order to ensure the normal operation of the company. Also additional reward for contractors for good employment rates and innovations aimed at increasing the firm's profits are available. company will need certain software packages. the E-World company bases on the principle of "Best-of-breed" . the problem is easily solved.External Analysis: Needed for Implementation At first. who is the sole owner of the company. maintain. we can safely assume that the problems with lack of staff at the E-World will not have.to deploy best-in-class solution for each functional area. You can hire senior students with appropriate specialties. responsible approach to work and the possibility of long-term access to a computer. Furthermore. including users in the central office and shops Ability to use sophisticated analytical techniques required for solving the problems of retail business 10 . These people can perform any services offered by our company. one stable server and one mirroring server. additional contract workers can be involved in performing other services (for example: to repair. The main requirement for them is to have a good knowledge of the subject area and responsible attitude toward work. The wage that an individual entrepreneur earns is withdrawn from the profits of the firm. This approach is driven by the need of nonstop operation of the company. However. up to the transactional data The system must provide hundreds of users. Principles for selection of the following criteria: y y y The system must be able to handle large volumes of data. For creation and maintenance. It is driven by the desire of many students to find a small salary in his/her spare time. Employees who are working under the contract for each job receive an amount determined by the individual entrepreneurs and specified in the work contract.

representing a relatively new class of tools load data . 11 . but now it is time seconds Users can create their own reports without IT services. sales on credit. replacing several legacy systems accessible through the Web shopping Increased speed of data acquisition employees. specifically designed for analytic data warehousing. etc. as well as solve complex analytical problems by identifying relationships between its products. with additional services. For reporting and data analysis platform was chosen MicroStrategy. allowing solving such important problems for the retail business. If earlier to obtain the necessary data analyst had to wait hours. as well as analysis of the effectiveness of the company from different angles. consistent and reliable information about the company. based on a single directory business terms You can easily handle more complex tasks Business Intelligence solution allows employees to E-World to track key performance indicators of the company.To construct the data warehouse was selected database Sybase IQ. In particular: y y y y Added the corporate reporting system. etc.ELT (Extract Load Transform). which has become a source of complete. levels. and as a means of data integration . as ABC analysis. market basket analysis (market basket analysis). the analysis of marketing. optimize product assortment. and non-financial indicators. with sets. on discount cards. Company E-World has a system of corporate reporting and data analysis.Oracle Data Integrator (Oracle | Sunopsis). the opportunity for regular monitoring of the company.

00 $700.00 $950.750.00 $1.100.00 $1.00 $1.400.800.700.00 $700.00) ($100.050.450.00 $700.00 $700.00 $1.00 $700.400.00 $900.00 $3.00 $800.000.00 $2.Financial Feasibility Break Even Analysis: Break Even Report Units 0 1 2 3 4 5 6 7 8 9 Fixed Costs $700.150.150.00 $850.00 $1.00 12 .000.00 $2.00 $2.00 $700.00 $500.00 Total Costs $700.00 Profit ($700.00 $350.00 $700.100.00 $800.00) $200.00 $700.00 $2.00 $1.100.00) ($400.050.00 $1.00 $1.00 $750.00 $700.00 $700.00 $1.00 Total Revenue $0.00 $1.

000 Lt 6.500 Lt Income Statement: Income Statement Revenue Gross sales Less sales returns and allowances Net sales Cost of Sales Beginning inventory Plus goods purchased/manufactured Total goods available Less ending inventory Total cost of goods sold Gross profit (loss) E-World 2010 % of Amount Sales $58.000 Lt 19.500 Lt 0 Lt 5.000 Lt 67.000 Lt 20.000 Lt Year 2 0 Lt 1.000 Lt 12.000 Lt 4.500 $6.000 Lt 0 Lt 3.000 Lt Year 2 19.000 Lt 16.500 0 $6.000 Lt Direct Cost of Sales Website Development Result-based Marketing Maintenance Hosting Total Direct Cost of Sales Year 1 0 Lt 1.000 0 $58.500 10% 10% 0% 10% 90% 13 .000 $54.Projected Sales: Sales Forecast Sales Website Development Result-based Marketing Maintenance Hosting Total Sales Year 1 15.000 $4.000 0 $67.000 100% 2011 % of Amount Sales $0 0% 6.000 Lt 10.000 7% 7% 0% 7% 93% 2011 % of Amount Sales $67.000 Lt 14.000 100% 2010 % of Amount Sales $0 0% 4.000 Lt 58.000 0 $4.500 $60.

000 $4.000 $1.924 $17.500 $2.200 $0 $0 $0 $2.120 $22.420 $20.380 $4.620 $33.Operating Expenses Selling 2010 % of Amount Sales $0 $0 $1.620 $38.528 $16.500 $30.800 $30.000 $1.800 $0 $1.456 $0 $0 $17.580 $4.000 $320 $0 $100 $0 $0 $0 $33.052 0% 0% 3% 0% 3% 52% 2% 0% 0% 0% 0% 0% 1% 0% 0% 0% 0% 0% 55% 58% 35% 8% 28% 0% 0% 28% 2011 % of Amount Sales $0 $0 $2.456 0% 0% 4% 3% 7% 45% 2% 0% 0% 0% 0% 3% 0% 0% 0% 0% 0% 0% 50% 57% 33% 7% 26% 0% 0% 26% Salaries and wages Commissions Advertising Depreciation Total selling expenses General/Administrative Salaries and wages Employee benefits Payroll taxes Insurance Rent Utilities Depreciation and amortization Office supplies Travel and entertainment Postage Equipment maintenance and rental Interest Furniture and equipment Total General/Administrative expenses Total operating expenses Net income before taxes Taxes on income Net income after taxes Extraordinary gain or loss Income tax on extraordinary gain Net Income (Loss) 14 .052 $0 $0 $16.200 $0 $0 $0 $0 $320 $0 $100 $0 $0 $0 $31.

000 Lt PreStart 1 1.500 Lt 200 Lt 3.000 Lt Totals 24.000 Lt 600 Lt 1.500 Lt 100 Lt 2.200 Lt 7.000 Lt 9 3.500 Lt 100 Lt 2.000 Lt 40.600 Lt 4.700 Lt 5.000 Lt 11 2.500 Lt 200 Lt 3.700 Lt 5.700 Lt 4.500 Lt 100 Lt 50 Lt 50 Lt 50 Lt 50 Lt 50 Lt 50 Lt 50 Lt 50 Lt 400 Lt 0 Lt 30.214 Lt 500 Lt 50 Lt 10 Lt 10 Lt 5.500 Lt 200 Lt 3.800 Lt 240 Lt 0 Lt 3.214 Lt 500 Lt 490 Lt 120 Lt 320 Lt 1.200 Lt 5.500 Lt 100 Lt 2.500 Lt 100 Lt 2.000 Lt 200 Lt 3.Cash Flow Statement: Cash Flow Forecast Month: Cash sales Collections from credit sales New equity inflow Loans received Other Total Receipts Payments Cash purchases Payments to creditors Salaries and wages Employee benefits Payroll taxes Rent Utilities Repairs and maintenance Insurance Travel Telephone Postage Office supplies Advertising Marketing/promotion Professional fees Training and development Bank charges Miscellaneous Owner's drawings 3.000 Lt 8 2.000 Lt 7 1.000 Lt 4 1.000 Lt 200 Lt 3.400 Lt 36.000 Lt 10 2.500 Lt 100 Lt 2.000 Lt 3.200 Lt 0 Lt 5.200 Lt 2.000 Lt 300 Lt 300 Lt 30 Lt 30 Lt 30 Lt 30 Lt 30 Lt 30 Lt 30 Lt 400 Lt 30 Lt 30 Lt 30 Lt 30 Lt 30 Lt 15000 lt 200 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 40 Lt 10 Lt 10 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 40 Lt 10 Lt 10 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 40 Lt 10 Lt 10 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 40 Lt 10 Lt 10 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 40 Lt 10 Lt 10 Lt 40 Lt 10 Lt 10 Lt 300 Lt 40 Lt 1.500 Lt 100 Lt 2.500 Lt 100 Lt 2.200 Lt 40.500 Lt 100 Lt 2.500 Lt 100 Lt 2.000 Lt 5 1.000 Lt 200 Lt 3.500 Lt 200 Lt 3.000 Lt 3.500 Lt 200 Lt 3.000 Lt 12 4.000 Lt 2 1.500 Lt 100 Lt 2.000 Lt 0 Lt 102.000 Lt 6 1.000 Lt 100 Lt 100 Lt 100 Lt 100 Lt 100 Lt 100 Lt 2.000 Lt 4.200 Lt 6.000 Lt 200 Lt 3.000 Lt 3 1.500 Lt 200 Lt 3.500 Lt 100 Lt 2.700 Lt 4.600 Lt 15 .000 Lt 1.700 Lt 660 Lt 0 Lt 0 Lt 40.400 Lt 200 Lt 3.700 Lt 5.800 Lt 200 Lt 3.700 Lt 4.000 Lt 4.

000 Lt 1.416 Lt 28.000 Lt 0 Lt 0 Lt 0 Lt 4.140 Lt 560 Lt 28.676 Lt 4.090 Lt 1.000 Lt 1.780 Lt 920 Lt 28.110 Lt 37.336 Lt 38.244 Lt 41.976 Lt 29.336 Lt 4.000 Lt 1.000 Lt 1.416 Lt 4.286 Lt 27.000 Lt 1.Loan repayments Tax payments Capital purchases Other Total Payments Cashflow Surplus/Deficit (-) Opening Cash Balance Closing Cash Balance 24.000 Lt 1.446 Lt 4.286 Lt 1.000 Lt 1.306 Lt 35.000 Lt 1.290 Lt 2.090 Lt 610 Lt 31.446 Lt 41.000 Lt 1.000 Lt 1.286 Lt 4.000 Lt 1.896 Lt 4.920 Lt 35.286 Lt 0 Lt 27.780 Lt 920 Lt 30.756 Lt 31.110 Lt 33.910 Lt 38.780 Lt 1.000 Lt 12.090 Lt 2.356 Lt 16 .020 Lt 32.306 Lt 4.286 Lt 33.416 Lt 37.440 Lt 160 Lt 27.676 Lt 32.896 Lt 30.356 Lt 61.446 Lt 3.730 Lt 970 Lt 27.756 Lt 3.446 Lt 28.416 Lt 3.976 Lt 3.714 Lt 12.140 Lt 860 Lt 29.180 Lt 1.

Balance Sheet: E-World Balance Sheet [December 30. 2010] Assets Current Assets: Cash Accounts Receivable Less: Reserve for Bad Debts Merchandise Inventory Prepaid Expenses Notes Receivable Total Current Assets Fixed Assets: Vehicles Less: Accumulated Depreciation 0 0 3500 0 15000 0 0 0 0 41356 2400 0 2400 614 12714 0 57.584 Lt Total Assets Liabilities and Capital Current Liabilities: Accounts Payable Sales Taxes Payable Payroll Taxes Payable Accrued Wages Payable Unearned Revenues 0 0 0 0 0 17 .500 0 0 75.084 Furniture and Fixtures Less: Accumulated Depreciation Equipment Less: Buildings Less: Land Total Fixed Assets Other Assets: Goodwill Total Other Assets 3500 Accumulated Depreciation 15000 Accumulated Depreciation 0 0 18.

000 15.000 40.000 0 40. Owner¶s investment will come from savings account.000 Total Liabilities Capital: Owner's Equity Net Profit 20.000.584 Total Capital Total Liabilities and Capital 35. 18 .00lt and bank loan in amount of 40. Bank loan will be taken with interest of 7-9%.584 75.000lt.584 Lt Possible funding options: E-World Company¶s funding will consist of owner¶s investment 40.Short-Term Notes Payable Short-Term Bank Loan Payable Total Current Liabilities Long-Term Liabilities: Long-Term Notes Payable Mortgage Payable Total Long-Term Liabilities 0 0 $0 40.

). from www. Retrieved October 30.com/features/industryhandbook/internet.d. Retrieved November 1. n. 2010.References: "The Industry Handbook: The Internet Industry.html 19 ..com .p. C. Informacin s Visuomen s Pl tros Komitetas ± Prad ia.Statistika." Investopedia. Articler. 2010. Informacin s Visuomen s Pl tros Komitetas .php?cat=62&n=21 Kiran.ivpk.d. (n.asp>. 2010. from http://www.articler.investopedia. Web.com/23205/The-Web-Development-Industry-Is-Expected-To-Grow-Over20-By-2010. (n.lt/main-stat. Web Development.Your Source For Investing Education. N. <http://www.). 30 Oct.d.

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