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Internet Service Provider Business Plan

Web Services Provider

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Company Summary

Legal Business Description

Web Services Provider was founded in September 1993 in Richmond, Virginia as an Internet Service Provider. The company is a Virginia Corporation with principal offices located in Richmond.

2.1 Company History

Web Services Provider began as a Web hosting company. The company developed a highly-skilled engineering team dedicated to developing a system to offer clients the greatest degree of reliability and bandwidth at a more affordable price. Web Services Provider, with its in-depth knowledge of Web hosting systems, is now evolving into a large, specialized, Web hosting service provider.

Past Performance
1997 1998 1999
Sales $0 $0 $900,000
Gross Margin $0 $0 $700,000
Gross Margin % 0.00% 0.00% 77.78%
Operating Expenses $0 $0 $700,000
Collection Period (days) 0 0 3
Balance Sheet
1997 1998 1999
Current Assets
Cash $0 $0 $2,450
Accounts Receivable $0 $0 $14,200
Other Current Assets $0 $0 $1,050
Total Current Assets $0 $0 $17,700
Long-term Assets
Long-term Assets $0 $0 $5,250
Accumulated Depreciation $0 $0 $1,000
Total Long-term Assets $0 $0 $4,250
Total Assets $0 $0 $21,950
Current Liabilities
Accounts Payable $0 $0 $10,000
Current Borrowing $0 $0 $500
Other Current Liabilities (interest free) $0 $0 $10,900
Total Current Liabilities $0 $0 $21,400
Long-term Liabilities $0 $0 $3,550
Total Liabilities $0 $0 $24,950
Paid-in Capital $0 $0 $100,000
Retained Earnings $0 $0 ($103,000)
Earnings $0 $0 $0
Total Capital $0 $0 ($3,000)
Total Capital and Liabilities $0 $0 $21,950
Other Inputs
Payment Days 0 0 30
Sales on Credit $0 $0 $900,000
Receivables Turnover 0.00 0.00 63.38
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Past Performance
1997 1998 1999
Sales $0 $0 $900,000
Gross Margin $0 $0 $700,000
Gross Margin % 0.00% 0.00% 77.78%
Operating Expenses $0 $0 $700,000
Collection Period (days) 0 0 3
Balance Sheet
1997 1998 1999
Current Assets
Cash $0 $0 $2,450
Accounts Receivable $0 $0 $14,200
Other Current Assets $0 $0 $1,050
Total Current Assets $0 $0 $17,700
Long-term Assets
Long-term Assets $0 $0 $5,250
Accumulated Depreciation $0 $0 $1,000
Total Long-term Assets $0 $0 $4,250
Total Assets $0 $0 $21,950
Current Liabilities
Accounts Payable $0 $0 $10,000
Current Borrowing $0 $0 $500
Other Current Liabilities (interest free) $0 $0 $10,900
Total Current Liabilities $0 $0 $21,400
Long-term Liabilities $0 $0 $3,550
Total Liabilities $0 $0 $24,950
Paid-in Capital $0 $0 $100,000
Retained Earnings $0 $0 ($103,000)
Earnings $0 $0 $0
Total Capital $0 $0 ($3,000)
Total Capital and Liabilities $0 $0 $21,950
Other Inputs
Payment Days 0 0 30
Sales on Credit $0 $0 $900,000
Receivables Turnover 0.00 0.00 63.38