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Executive Summary
Executive Summary
Overview
E-business today has embodied an electronic transformation of our culture. This transformation has
emerged in the use of technology, which has become pervasive throughout our daily life. One of the
problems that this use of technology has brought to us is the user unfriendliness that is often its
byproduct. One of the latest trends has been to enable users to utilize technology more effectively, with
Intrigued by the communication and language barriers that would prevent e-business from flourishing,
Poggle decided to invent a software technology to overcome the situation. There are over 6,000
languages spoken today in 288 countries. Poggle set out to build a software engine that could easily and
quickly facilitate the use of these languages in e-business environments. Poggle subsequently
introduced a product at an October 2000 international exhibition to enthusiastic crowds that waited in
long lines to see live demonstrations of their technology.
The result has been an overwhelming success. Poggle's new technology has resulted in several new
products that are destined to transform the degree to which international users utilize e-business.
Poggle's focus is to extend this technology beyond language and geographical boundaries, allowing
anyone to participate, be connected to, and effectively utilize the global e-business community.
Poggle has subsequently positioned itself as a dynamic, exciting, growth-oriented software company
that designs and develops software focused on making user environments easier and friendlier to use.
Today, Poggle's suite of products support the same functionality in multiple languages. Poggle's focus is
to make cross-language communication the defacto standard for the future of e-business.
freedom and access to stored information, regardless of the language used to create or search for the
information. It is the company's vision to extend this capability beyond normal computing boundaries to
Furthermore, the company's vision includes becoming an e-industry leader in designing communication
enhancement' products and services that facilitate e-business, Internet usage, and electronic
communication transactions.
Accurate and timely access to information has always been essential for companies and individuals to
make sound business decisions. One of the problems on the Internet today is that companies in general
have neglected to address the impediments users face when accessing required information in a
multilingual global economy. Additionally, Internet users are easily disconnected if they make a simple
typographical error or misspell the website names they want to connect with. Poggle's vision is to
address this information discontinuity with a solution designed specifically to enhance capability and
EXECUTIVE SUMMARY
Overview
E-business today has embodied an
electronic transformation of our
culture. This transformation has
emerged in the use of technology,
which has become pervasive
throughout our daily life. One of
the
problems that this use of
technology has brought to us is the
user unfriendliness that is often its
byproduct. One of the latest trends
has been to enable users to utilize
technology more effectively, with
less hassle and to make technology
transparent in its use.
Intrigued by the communication
and language barriers that would
prevent e-business from
flourishing,
Poggle decided to invent a
software technology to overcome
the situation. There are over 6,000
languages spoken today in 288
countries. Poggle set out to build a
software engine that could easily
and
quickly facilitate the use of these
languages in e-business
environments. Poggle
subsequently introduced
a product at an October 2000
international exhibition to
enthusiastic crowds that waited in
long lines to
see live demonstrations of their
technology.
The result has been an
overwhelming success. Poggle's
new technology has resulted in
several new
products that are destined to
transform the degree to which
international users utilize e-
business.
Poggle's focus is to extend this
technology beyond language and
geographical boundaries, allowing
anyone to participate, be connected
to, and effectively utilize the
global e-business community.
Poggle has subsequently
positioned itself as a dynamic,
exciting, growth-oriented software
company that
designs and develops software
focused on making user
environments easier and friendlier
to use. Today,
Poggle's suite of products support
the same functionality in multiple
languages. Poggle's focus is to
make
cross-language communication the
defacto standard for the future of
e-business.
Poggle's Vision—To Improve
Information Retrieval
Poggle's vision is to develop
software to improve information
retrieval and in so doing to provide
total
freedom and access to stored
information, regardless of the
language used to create or search
for the
information. It is the company's
vision to extend this capability
beyond normal computing
boundaries to
include text as well as voice
recognition information usage.
Furthermore, the company's vision
includes becoming an e-industry
leader in designing communication
enhancement' products and
services that facilitate e-business,
Internet usage, and electronic
communication transactions.
Accurate and timely access to
information has always been
essential for companies and
individuals to
make sound business decisions.
One of the problems on the
Internet today is that companies in
general
have neglected to address the
impediments users face when
accessing required information in a
multilingual global economy.
Additionally, Internet users are
easily disconnected if they make a
simple
typographical error or misspell the
website names they want to
connect with. Poggle's vision is to
address this information
discontinuity with a solution
designed specifically to enhance
capability and
functionality while improving user
friendliness.
In this rapidly changing
information age, businesses have
been hindered by the "dead-ends"
prohibiting
the flow of accurate and timely
information. As the Internet
continues to grow, so does the
demand for a
more streamlined and time
efficient use of the web. Without
using the exact website address
format or
if the search entry contains foreign
characters or errors, Internet users
are not able to search and
retrieve the precise information
they are seeking. This is where
Poggle comes in.
Poggle's Mission
Poggle's mission is to enhance e-
business communication by
developing premium products and
services
utilizing Poggle's technology.
Initially, major goals are to provide
products that enhance the Internet
experience. The Internet itself does
not drive the entire world of e-
business, but it is a substantial
place
to start. Ultimately, the company
intends to develop products that
enhance non-Internet related e-
business transactions, and through
these to set the standard for the
next generation of e-business
software technologies.
Specifically in relation to the
Internet, Poggle plans to address
the difficulties that international e-
business customers currently face.
Poggle's mission includes:
Making Access to Information
Easier (Enterprise Business)
Improve Communication and Data
Exchange (Business to Business)
Connect People Worldwide
(Business to Consumer)
Help businesses reach worldwide
audiences (Business to Consumer,
Business to Business)
Enhance Internet communication
by developing premium products
and services
Poggle's Focus— Customer
Satisfaction
In e-business today, a loyal
customer is one that has had a
satisfying experience. Poggle
defines
satisfaction in this area as having
four components: Accuracy,
Availability, Advisory, and
Partnership.
Accuracy—The focus of Poggle's
products is to deliver accurate
information in a timely manner.
Availability—Poggle's products
are designed to facilitate
availability of information to
market sectors that
previously would have had
difficulty in accessing that
information.
Advisory—The company's
products deliver content that is
advisory in nature. In so doing, the
customer is
assured of a quality response to the
information they are seeking.
Partnership—Poggle remains
focused on collaborating with its
customers in order to assure that
those
customers receive the highest level
of service available.
Marketing & Growth Strategies
Poggle's strategic growth plan is
comprised of three components
that will enable the company to
obtain
its goal as a leading designer,
developer, and marketer of low
cost, high quality intelligent
software.
The first component is internal
new product development. Poggle
will develop software for its
competitive market ed
In this rapidly changing information age, businesses have been hindered by the "dead-ends" prohibiting
the flow of accurate and timely information. As the Internet continues to grow, so does the demand for
a more streamlined and time efficient use of the web. Without using the exact website address format
or if the search entry contains foreign characters or errors, Internet users are not able to search and
retrieve the precise information they are seeking. This is where Poggle comes in.
Poggle's Mission
Poggle's mission is to enhance e-business communication by developing premium products and services
utilizing Poggle's technology. Initially, major goals are to provide products that enhance the Internet
experience. The Internet itself does not drive the entire world of e-business, but it is a substantial place
to start. Ultimately, the company intends to develop products that enhance non-Internet related e-
business transactions, and through these to set the standard for the next generation of e-business
software technologies.
Specifically in relation to the Internet, Poggle plans to address the difficulties that international e-
satisfaction in this area as having four components: Accuracy, Availability, Advisory, and Partnership.
Advisory—The company's products deliver content that is advisory in nature. In so doing, the customer
is
Partnership—Poggle remains focused on collaborating with its customers in order to assure that those
its goal as a leading designer, developer, and marketer of low cost, high quality intelligent software.
The first component is internal new product development. Poggle will develop software for its
The second component is external integration of Poggle products into potential strategic business
partners' browsers, e-mail systems, websites, wireless devices and applications, global telephone
The third component is aggressive sales and marketing. Poggle intends to develop a sales and marketing
campaign focused primarily on the U.S. Fortune 1000, as well as the top 1,000 international companies,
Competitive Summary
Poggle's products are unique in the capabilities they bring to market. There is no direct competition for
the company's products. Poggle's products are focused on the globalization of information distribution
Business Model
Poggle's business model is comprised of three components, Participate, Connect, and Utilize.
Participate—Poggle's products allow users from any geographic location or verbal language to
Connect—Poggle's products facilitate international users' connection to e-business, for these users will
Utilize—Poggle's products allow any user to effectively utilize e-business by making it user-friendlier.
Being able to communicate in your natural language without worrying about misspelling will greatly
Operations
An in-house staff of individuals with extensive experience in all related industries will comprise the
operational team. These individuals will have, at a minimum, the following expertise:
Product Development—focused on the ability to develop and package software products and bring
those
products to market.
Marketing—extensive knowledge of merchandising, promotions, advertising, sales, operations, and
planning.
Sales—strong administration and order processing capabilities coupled with day-today sales
management expertise.
addition to forecasting.
Each of these operational divisions will share a focus on success, achievement, and the creation and
Management Team
The company's management team consists of three highly skilled individuals who together founded the
company in September 2000. These individuals have extensive knowledge and expertise in the
As the company grows, the three founders intend to bring on an executive team skilled in the daily
operations as well as the strategic and tactical management and oversight of the organization. The
founders intend to then divide their talents to areas best served by them.
The company is seeking pre-IPO equity/debt funding of $1.6 million in order to launch and promote the
company's products and services. The company is projecting net profit of $944,000 on $3.4 million gross,
or approximately 29% of sales, over the course of the first 12 months of operation.
Summary
Today's e-business landscape is one that is painted with many companies in many geographies
worldwide. In this environment, there is no real solution to the language barriers that exist to totally
Poggle's vision is to facilitate global e-business by providing applications and tools that will dissolve the
barriers created by the multi-lingual global economy. No company ever has taken on this challenge and
presented a solution that is both affordable and easy to access and use. This is what differentiates
Poggle's approach and is what generates the value that Poggle intends to bring to market.
The information, data, and drawings embodied in this business plan are strictly confidential and are
supplied on the understanding that they will be held confidentially and will not be disclosed to third
This business plan represents management's best current estimate of the potential of the business. It
must be recognized that no business is free of major risks and few business plans are free of errors of
omission or commission