Business plan: life outsourcing portal in India for foreigners and NRIs

Abstract

Virtual Assistant will be a company in life outsourcing domain. Overall, the company can be categorized as virtual personal assistance service provider. Busy professionals can outsource their work to increase their productivity and free their time for more important commitments. It s time for the world to take advantage of this revolution. For the wealthy, personal concierge services are not new, but outsourced personal virtual assistant services are booming and becoming the latest addition not only to "cash-rich, time-poor" executives, but ordinary people who just want some help with life's tedious tasks. Virtual Assistant Ltd will launch online service on website www.virtualassistant.com to take care of customer s tedious tasks of day to day life. So that customers can utilize their valuable time in better ways. We ll be starting as private limited company in the IT sector. Virtual Assistant Ltd will be started in IT hub of India, Bangalore, to benefit from the skilled IT professionals availability and operating from single location. Later on, company will be expanding to tier-II cities to reduce the operation costs. By 2012, company will be generating $350,000 (Rs. 1.6 crores) in annual revenue and with a customer base of 1,000 as per the financial projection and should be ready to launch the second expansion phase. By 2015, companies targets to generate revenue of $5 million (Rs 24crores) in revenue with customer base of 15,000.Now, we are at a point where we have figured out how our business will be launched. We intend to secure $100,000 (Rs 50 Lakhs) through angel investor to launch our business. This funding will be in addition to our capital investment of $100,000 (Rs 50 lakhs).