Introduction
Electronic Detectives, Inc. is a company that assists lawyers in the identification, acquisition, restoration, and analysis of electronic data. From tape restoration to hard drive imaging, our full-time, certified forensic, discovery and testifying experts are highly experienced in acquiring data from NT, Novell, Unix and Linux servers and PCs, among others. We are experts in electronic discovery and will contribute to its development as testifying specialists.
The Company
Electronic Detectives will be a limited liability corporation registered in the state of Delaware for tax purposes. The company currently has limited private investors. They do not intend to become public. The company’s main offices are located in Portland. The company’s main clients will be law firms requiring identification, restoration, and analysis of electronic data.
The company’s private investors will own 47% of the company’s shares. The senior management will own the rest, including Mr. David Radcliffe (20%) and Mrs. Julie Walters (10%) as well as Mr. Brad Rinke (15%) and Mr. William Orcott (7%) All other financing will be made possible by loans.
The Services
Electronic Detectives’ experts are well-versed in all commercial operating system such as Unix and Linux. Electronic Detectives will provide assistance in 30(b),(6) depositions. The firm will go on-site and inventory data, and look for hidden sources. To protect clients, the company plans to keep well-recorded chains-of custody. Our work product can be viewed in any jurisdiction thanks to our written procedures and internal procedures. Our firm will provide detailed written reports, presentations, as well as analyses to support the conclusions. We have extensive experience as experts in both state and federal court.
The Market
The electronic evidence-gathering business is an offshoot within the detective trade. As such, it is very new and difficult to collect market information. A look at the profitability and growth potential of an older competitor will give the reader a good idea of the market’s profit and growth potential. Computer Forensics of Bellevue (WA) has been in operation for four years and has seen explosive growth of an average 40% annually. The company’s net worth has risen to 65%, despite significant investment. This is a good indicator of the market demand and potential growth. Therefore this is an excellent market to enter now and achieve a defensible position based on customer satisfaction and reputation before more competitors enter.
Financial Considerations
Our conservative expectations are that we will begin to see monthly profits in November the first year, and yearly profits in year three. Electronic Detectives has an additional $60,000 credit to cover any unforeseen circumstances. To meet costs, we’ll need to complete six different projects per month as per our break-even analysis. The next three years will see us maintain positive cash flow, and we hope to start paying off various loans.
1.1 Objectives
The following are the goals for Electronic Detectives over the next three years:
- Break-even achieved by year 2.
- Get 40 clients from law firms by the end year three.
- Establish minimum 95% customer satisfaction rate.
- You can complete your project in 10 days or less.
1.2 Keys to Success
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.
- Maintaining close contact and developing a lasting relationship with clients is key to generating repeat business.
- In order to provide quick and accurate information retrieval, as well as client processing, you need to set up procedures.
1.3 Mission
Electronic Detectives exists to establish a new standard of excellence in the detective business. Computers and the Internet have allowed for personal and business communication as well as data storage. Much of the court evidence required is stored on computers or PDA’s. These include personal files, emails, picture formats and other forms. Companies that provide investigative services for firms and institutions needing to retrieve such information are rare.
Electronic Detectives aims to be the market leader in providing customer service standards, prompt recovery, timeliness, professionalism and quality that will allow it to achieve significant market share.
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