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Technological Needs

Pages:
2 page
Sources:
3
Solution:
Solution Available NOW
Subject:
TECHNOLOGY
Language:
English (U.S.)
Date:
Total cost:
$ 7

INSTRUCTIONS:

PRO FORMA SOURCES AND APPLICATION OF FUNDS (YEAR 1-5)
Early Stage Financing
How will you raise the money needed for
o Seed Capital to build prototypes, proof of concepts, etc. o Company start-up costs & initial marketing research
Expansion & Development Stage Financing
• How much and from what sources will funds be available for...
o Second stage capital for initial growth
o Third stage for expansion to grow sales revenues
o Fourth stage to prepare company for initial public offering (IPO)
Acquisition and or Leveraged Buyout (LBO) Financing
Traditional acquisition and control of the company
o LBO another company buying out the present owners
o Owner, Investors Managers of the company buying all outstanding shares of the company's stock making the company private.
Product Development Budget
Year 1
Developers
Lab & Facilities
Prototype/Minimum Viable
Product (MVP)
Year 5
Test Marketing
Marketing Strategy Budget
Year 1
Year 5
Market Research Personnel
Customer Focus Groups
Market Data Analysis
Limited Release / Launch
Selling Budget
Advertising/promotion expense for; e.g.
a store front, web page, a facility?
Salaries for sales agents, people?
Misc. Selling Expenses
Year 1
Year 5
Production & Distribution Expense
Note: This is not a complete and exhaustive list of start-up expenses you will encounter.


This assignment will be submitted to TurnitinR.
Instructions
Week 5 Assignment: Technological Needs (C05)
In a 2-3 page paper, evaluate your specific technological needs for the next 5 years and the source of funds to acquire the needed technology. Is the acquired technology considered a depreciable asset or a business expense? You should consider the research from Week 4, about technology for primary and support activities. You should utilize the ENTR427 Week 5 Pro-Forma Guide to aid in identifying start-up and operational expenses you will encounter in the first 5 years of operation.
Minimum 2 pages
Minimum 2 scholarly sources
APA Format

SOLUTION:

Technological Needs: Virtual Reality

 

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Technological Needs: Virtual Reality

The proposed business is a video game center that will use virtual reality technology to benefit the community.  Driving among fledging teenagers is not easy, especially when they are new to driving and they are required to take a ride navigating through trees of significant towns. In big cities, most car crashes claiming thousands of innocent lives are prevalent among young people aged between 14and 25 (Gicquel et al., 2017). To help young people in society gain helpful experience in driving to save lives, we intend to put up a new video game bar that will use virtual realist technology. The virtual driving simulators would give young adults hands-on experience and provide them with insight into road safety regulations (Lang et al., 2018, March). The virtual simulation driving process will be served on a large computer monitor, vehicle seats, and a steering wheel. The VR simulators duplicate the dangerous experiences of driving while abstracted. After virtual training, the trainee would get insight into what distracted while driving and learn about the danger of crashing due to careless driving on city streets.

According to the available market statistics, the probability of our video game seceding is very high. Most of the video games business in our locality have are working on other technologies like Artificial intelligence. They mainly provide an avenue for customers to play the video game with wittier family, friends others customers are a recreational activity during their leisure time. The few businesses using virtual reality have majored in mental and medical health training students to enable them to gain experience virtually and hence perfect in the healthcare profession. The population of youth in the area is very high compared to available driving schools making it...

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