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Communication Technology icon Telecommunications Business Plan

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Telespace, Inc.

Company Summary

TeleSpace, Inc. develops and markets programmable personal communications and unified messaging services for individuals and businesses. The company was incorporated in early Year 1, and operates as a wholly-owned subsidiary of AmericomUSA, Inc., a public reporting company. In response to overtures from AmericomUSA senior management, TeleSpace management has proposed a leveraged buyout of the company from Americom and has incorporated this proposal in a Letter of Intent (LOI) sent to Americom. A copy of this LOI is included in the plan appendix. Briefly, the proposal calls for TeleSpace management to purchase 81% of TeleSpace common stock from Americom, with an option to acquire an additional 10% within two years. Americom will deliver all rights and ownership of the MyLine technology and customer base and cease active association with the company. They will not be represented on the Board of Directors. Management expects this negotiation to be completed by the end of October, Year 1, when management will actively pursue equity capital to finalize the acquisition and fund corporate operations.

*Attachments are not included in this sample plan.

2.1 Company Ownership

TeleSpace, Inc. is a wholly-owned subsidiary of AmericomUSA, Inc., a public reporting company. Mr. Robert Cezar, Chief Executive Officer of AmericomUSA, Inc., owns approximately 58% of the common stock of AmericomUSA.

2.2 Start-up Summary

Start-up costs, shown below (exclusive of salaries), are comprised mostly of legal fees, marketing collateral, advertising, and consulting fees. Start-up costs are being financed by the parent company, AmericomUSA.

Telecommunications business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $57,500
Start-up Assets to Fund $30,000
Total Funding Required $87,500
Non-cash Assets from Start-up $30,000
Cash Requirements from Start-up $0
Additional Cash Raised $0
Cash Balance on Starting Date $0
Total Assets $30,000
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
Americom USA $87,500
Other $0
Additional Investment Requirement $0
Total Planned Investment $87,500
Loss at Start-up (Start-up Expenses) ($57,500)
Total Capital $30,000
Total Capital and Liabilities $30,000
Total Funding $87,500
Start-up Expenses
Legal $5,000
Stationery etc. $2,500
Brochures $5,000
Consultants $10,000
Advertising $20,000
Expensed equipment $5,000
Other $10,000
Total Start-up Expenses $57,500
Start-up Assets
Cash Required $0
Start-up Inventory $20,000
Other Current Assets $10,000
Long-term Assets $0
Total Assets $30,000
Total Requirements $87,500

2.3 Company Locations and Facilities

TeleSpace corporate offices are located in Arroyo Grande, CA. Existing space of 900 square feet is adequate for existing staff, but new facilities have to be leased when sales representatives are hired.