We offer web design at lower pricing including 1 year hosting,The company has been running 1 year, which makes it hard to get funding from banks or lenders, they require 2 years + running. With a growth in interest in cloud services, We able to offer cloud migration at a lower price compared to competitors.
The company is currently trading by needs to increase marketing strategy
Current Status
The company has been operating for 5 Month, we have a few regular clients that we provide cloud management services to and web design on a regular basis. We have made over £14k the first few months.
Market
We use client recommendations, word of mouth and online ads to reach perspective clients.
Problem or Opportunity
The company has been running 1 year, which makes it hard to get funding from banks or lenders, they require 2 years + running. With a growth in interest in cloud services, We able to offer cloud migration at a lower price compared to competitors. Local companies require websites but a lower prices, we offer our services at half the price of competitors.
There are several risks and challenges associated with this project, including: Funding Shortfall: The primary challenge is securing the necessary £10,000 to launch the IT center.
Sustainability: Ensuring the long-term viability of the center and its services could be impacted by fluctuating demand or operational costs. Community Engagement: Attracting local participants to take advantage of the IT training and printing services might be challenging if awareness is not effectively raised.
Competitors
THE YARD CREATIVE
They were founded in 2007 in London and have between 10-49 employees, they are highly rated for quality of their designs and branding. They are rated number 1 in for graphics design according to themanifest.com. They have a total revenue of $25,000 but they only have a low rating for cost, most clients say they are expensive but over they are rated 4.8 out of 5.
BURST DIGITAL
They were founded in 2018 in London and have 2-9 employees, they have the highest rating for graphics design companies according to themanifest.com with a rating of 5 out of 5, they specialize in graphics design, web development and digital branding/ strategy. They have a total revenue of $5000+.
APPETITE CREATIVE
They are an international digital marketing agency in London with several offices in Spain and Dubai, they have a team of 25 employees and they specialize in Logo design, web design, games development and social media marketing. They have a rating of 4.7 out of 5 according to themanifest.com, they have some negative ratings for Quality, Cost but they have a revenue of $10,000+.
Advantages or differentiators
We offer a quick turn around, with most services achieved withing 5 days and we offer lower prices for high quality services.
Finance
Our regular clients pay monthly for services which include, most contracts are for £1000+ :
-Cloud Migration
-IT support
-Web design and website management
Loan terms
36 months
Interest rate, %
15
Business model
At the moment we at yet to employee workers as we're in startup phase
Solution (product or service)
To keep the business running, I have been bootstrapping until we find the required funding.
The emergence of AI is proving challenging for business.
To mitigate these risks, we plan to: Secure Diverse Funding Sources: In addition to raising £10,000, we will explore crowdfunding, grants, and local business sponsorships to ensure sufficient capital.
Develop a Sustainable Business Model: We will establish a clear pricing strategy for printing services and seek partnerships with local organizations to keep costs low while maintaining service quality. Build Strong Community Engagement: We will actively promote the project through local outreach, social media, and partnerships with schools and businesses to ensure high levels of community participation.
Incubation/Acceleration programs accomplishment
In the first 5 months we achieved £10,000 in revenue.