TTR Data Recovery
Company Summary
TTR Data Recovery Technologies is a new company offering recovery solutions for data loss on computers, servers, and any operating media. The company will focus on three target customers:
- Value added resellers (VAR);
- Company IT units;
- Public institution IT units.
Dan Whitaker is creating TTR Data Recovery Technologies with fifteen years of experience in the field. His insight and management skill will be instrumental in establishing the company as an industry giant.
TTR Data Recovery Technologies has proprietary recovery technology that is not operation system dependant. From DOS to Novell to Macintosh to UNIX, the company has the technology and expertise to retrieve critical data.
2.1 Start-up Summary
The start-up cost of TTR Data Recovery Technologies will consist primarily of computer and data restoration equipment. Dan Whitaker will invest $100,000. A silent partner will invest $150,000. Dan will also secure a $100,000 loan.
The $80,000 in equipment listed in the start-up table is for clean room equipment (air filtering system equipment), data retrieval equipment for hard drives to store recovered data and hardware fixtures to examine and clean hard drives.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $800 |
| Brochures | $2,000 |
| Insurance | $1,000 |
| Rent | $3,000 |
| Expensed Equipment | $80,000 |
| Total Start-up Expenses | $87,800 |
| Start-up Assets | |
| Cash Required | $162,200 |
| Other Current Assets | $0 |
| Long-term Assets | $100,000 |
| Total Assets | $262,200 |
| Total Requirements | $350,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $87,800 |
| Start-up Assets to Fund | $262,200 |
| Total Funding Required | $350,000 |
| Assets | |
| Non-cash Assets from Start-up | $100,000 |
| Cash Requirements from Start-up | $162,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $162,200 |
| Total Assets | $262,200 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $100,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $100,000 |
| Capital | |
| Planned Investment | |
| Dan Whitaker | $100,000 |
| Silent Partner | $150,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $250,000 |
| Loss at Start-up (Start-up Expenses) | ($87,800) |
| Total Capital | $162,200 |
| Total Capital and Liabilities | $262,200 |
| Total Funding | $350,000 |
2.2 Company Ownership
Dan Whitaker, co-owner of TTR Data Recovery Technologies, has been a professional in the field of data recovery for latest fifteen years. The company will be set up as a Limited Partnership. Dan Whitaker will share ownership with a silent partner.
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