Grassroots Wireless

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Internet ISP Wireless Business Plan

Company Summary

Grassroots Wireless will be formed in 2003 to offer an inexpensive, wireless broadband Internet connection to compete with DSL or cable offerings. Using Wi-fi technology, it is inexpensive to set up a neighborhood network. The company was founded by Steve Teche. Steve will rely on outside investors for the necessary start-up costs.

2.1 Company Ownership

Grassroots Wireless is an Illinois L.L.C. with Steve Teche as the principal and majority owner.

2.2 Start-up Summary

Equipment that will be needed is as follows:

  • Three computer workstations;
  • Wireless access point;
  • Five repeaters;
  • Five antennas;
  • Assorted office equipment and supplies.
Start-up Funding
Start-up Expenses to Fund $9,500
Start-up Assets to Fund $60,500
Total Funding Required $70,000
Non-cash Assets from Start-up $5,000
Cash Requirements from Start-up $55,500
Additional Cash Raised $0
Cash Balance on Starting Date $55,500
Total Assets $60,500
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Investor 1 $15,000
Investor 2 $55,000
Additional Investment Requirement $0
Total Planned Investment $70,000
Loss at Start-up (Start-up Expenses) ($9,500)
Total Capital $60,500
Total Capital and Liabilities $60,500
Total Funding $70,000
Start-up Expenses
Legal $2,000
Stationery etc. $100
Consultants $1,000
Insurance $200
Rent $200
Research and Development $1,000
Expensed Equipment $5,000
Total Start-up Expenses $9,500
Start-up Assets
Cash Required $55,500
Other Current Assets $0
Long-term Assets $5,000
Total Assets $60,500
Total Requirements $70,000