DEVELOP A COHESIVE BUSINESS PLAN

GEETEENet, unlike a typical cafe, will provide a unique forum for communication andentertainment through the medium of the Internet. GEETEENet is the answer to an increasing demand. 

The public wants: 

(1) access to the methods of communication and volumes ofinformation now available on the Internet, and 

(2) access at a cost they can afford and in sucha way that they aren't socially, economically, or politically isolated. 

GEETEENet's goal is toprovide the community with a social, educational, entertaining, atmosphere for worldwidecommunication.This   business   plan   is   prepared   to   obtain   financing   in   the   amount   of   N24,000.   The supplemental financing is  required to  begin work on site preparation and modifications,equipment   purchases,   and  to   cover   expenses   in   the   first  year   of operations.   

Additional financing has already been secured in the form of: 

(1) N24,000 from the Micro Finance Bank

(2)   N19,000   of   personal   savings  from   owner   Adam   and   Sons   

(3)   N36,000   from   three investors 

(4) and N9,290 in the form of short-term loans.

GEETEENet will be incorporated as an LLC corporation. This will shield the owner Adamand Sons, and the three inside investors, Adam Muhammad Abdullahi, Adam Muhammad Sani, and Adam Muhammad Saifullahi, from issues of personal liability and double taxation. The investors will be treated as shareholders and therefore will not be liable for more thantheir individual personal investment of N12,000 each.The financing, in addition to the capital contributions from the owner, shareholders and the Micro Finance Bank, will allow GEETEENet to successfully open and maintain operationsthrough year one. 

The large initial capital investment will allow GEETEENet to provide its customers with a full featured Internet cafe. A unique, upscale, and innovative environment is required   to   provide   the   customers   with   an   atmosphere   that   will   spawn   socialization.Successful operation in year one will provide GEETEENet with a customer base that will allow it to be self sufficient in year two