The telecommunications revolution is here: Personal communications and unified message systems are at forefront of this technological phenomenon. Since the 1984 deregulation in long distance and local phone service, there has been intense competition for telecom products and services. This is true for both consumers as well as businesses. From that day only 15 years ago, when consumers were tied to a fixed phone with its fixed phone number, mobile and cellular phones have proliferated to meet the demand for communication anytime, anywhere in the world. Companies that haven’t kept up with the times or adapted to change quickly become obsolete. Iridium is one such example. Quality, depth and speed of execution have replaced financial muscle as the ultimate arbiter of the market. AT&T realized this, and hired a technology-savvy CEO. Iridium was unable to pull the trigger and paid the price.
TeleSpace has the potential to become the market leader on personal communications and unified messaging. Both the business and consumer now have mobile telecommunications with multiple phone and fax numbers, email addresses, pagers and email. They want simplicity and speed. One identifier that can be found anytime, anywhere and deliver their communications. They are looking for MyLine.
MyLine has been operating for over five years. The company has a loyal but small core of customers. The technology is elegant, simple and easily maintained. The system features a wide range of features, many of which are crucial and some that are not. MyLine was not marketed as a pocket knife in the early TV ads. Instead of the sleek cutting tool consumers wanted, MyLine had a corkscrew with screwdrivers and an awl. It was twice as heavy as it needed to be and came with instructions. Instructions for a pocket knife! Before the product was even opened, customers knew that they were in trouble.
MyLine has the answer! Our internal market research shows what the customer wants. There are five primary markets. We will discuss three of them below. MyLine will find you wherever your customer is. There’s also the Soccer/Sports Mom. She is mobile, but often impossible to reach–except via 800 MyLine, which is free and available 24/7. And the military market, for both professional and personal use, is inviting. They demand mobile, reliable, and confidential communications–MyLine is ready and able to enlist.
The overall telecommunications market is huge, well over $200 billion. At this point, it is difficult to quantify the sub-industry of personal communications and unified messaging with its hundreds of million actual/potential customers. Management estimates that projected sales of about $40 million in the third year, with sales running at the rate of $5 million per month by the end of that year, would still be only approximately a one percent market share. A five to tenth market share is required in order to be the market leader. The management plans to reach this goal in five years.
1.1 Objectives
TeleSpace’s main corporate objectives are:
- To be the market leader within five years in personal communications, unified messaging products, and services.
- To be the lowest-cost provider in the industry and to drive aggressive pricing.
- To provide the best and fastest customer service year-end 1.
1.2 Mission
MyLine is already the most technologically-superior personal communications system in the world. TeleSpace management plans to capitalize on MyLine’s brand, technical reputation, and become the market leader within personal and business communication systems and unified message systems within five year.
1.3 Keys to Success
TeleSpace can achieve success with three key keys:
- Marketing must generate sufficient sales volume to drive an aggressive pricing model while still achieving planned profitability projections.
- Private label MyLine must be promoted through their distribution channels by strategic partners.
- Equity capital should be secured at a reasonable price.