ZenBusinessPlans
Home » Sample Business Plans » Technology
How to Write a Cloud Computing Business Plan [Sample Template]
Are you about starting a cloud computing business? If YES, here is a complete sample cloud computing business plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting a cloud computing business. We also took it further by analyzing and drafting a sample cloud computing marketing plan template backed up by actionable guerrilla marketing ideas for cloud computing businesses. So let’s proceed to the business planning section.
Why Start a Cloud Computing Business?
Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the internet as a service. This is an arrangement that enables companies to expand their network capacity, and run applications directly on a vendor’s network.
It offers a host of advantages with the most primary being radically lower IT costs. The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy server, and storage systems.
In the same vein, the burden of developing and maintaining the technological expertise required in running the network is transferred to the service provider. The pay-per-use basis of cloud computing helps transform the way IT departments create and deploy customized applications during these difficult times.
By offering a more cost-effective, less risky, and fundamentally faster alternative to on-site application developments, cloud computing is poised to transform the economics of information technology in the next few years.
The internet is a foundation for cloud computing, and the term “cloud” is used as a metaphor for the Internet. Thanks to new and improved networks, the Internet is fast becoming a vehicle for delivering computational requirements. The ubiquity of the Internet and the widespread availability of high-speed broadband access are the primary factors driving the movement towards the cloud.
If you have decided to start your own cloud computing business, then you should ensure that you carry out thorough feasibility studies and market survey. Business plan is yet another very important business document that you should not take for granted when launching your own business.
Below is a sample cloud computing business plan template that can help you to successfully write your own with little or no difficulty.
A Sample Cloud Computing Business Plan Template
1. industry overview.
The global cloud storage market is expected to grow from USD 18.87 billion in 2015 to USD 65.41 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.2 percent. Cloud storage solution and services are currently being offered by numerous vendors such as IBM, Microsoft, Google, Amazon Web Services, VMware, Box, Fujitsu, Rackspace, AT&T, and HP.
These vendors are selling variations of cloud storage solutions and managed services. However, there is a price war between these cloud storage service providers globally as they keep reducing their prices and increasing their volume of storage.
Storage solutions are evolving as several companies have entered into the market and are offering advanced solutions to store data at minimum cost. The first digital storage device was introduced in 1890 when Herman Hollerith, founder of Tabulating Machine Company, used punch cards to read and record data. Thus, the storage market has evolved and in the present scenario, the user can save up to 1 GB of data free of cost on cloud storage and access it from any remote location.
Factors such as rising need for big data storage and increasing adoption of cloud storage gateways are driving the demand for cloud storage solutions globally. The cloud storage market has been segmented on the basis of types into solutions and services; on the basis of solutions into primary storage solution, backup storage solution, cloud storage gateway solution, and data movement and access solution; on the basis of services into consulting services, system and networking integration, and support training and education.
Cloud storage provides users with immediate access to a broad range of resources and applications hosted in the infrastructure of another organization via a web service interface. Cloud storage can be used for copying virtual machine images from the cloud to on-premises locations or to import a virtual machine image from an on-premises location to the cloud image library.
In addition, cloud storage can be used to move virtual machine images between user accounts or between data centers. Cloud storage can be used as natural disaster proof backup, as normally there are 2 or 3 different backup servers located in different places around the globe.
Users access cloud computing using networked client devices such as desktop computers, laptops, tablets and smartphones and any Ethernet enabled device such as Home Automation Gadgets. Some of these devices—cloud clients—rely on cloud computing for all or a majority of their applications.
Some of the factors that encourage entrepreneurs to start their own cloud computing business could be the growing recognition of economic and operational benefits and the efficiency of cloud-computing. As companies ease out gradually from economic uncertainties and financial shackles, widespread adoption of cloud services is in the offing.
The pragmatic and successful adoption of this technology concept by early adopters will pave the way for mass enterprise adoption of cloud services in the upcoming years.
The transition of enterprises from virtual machines to the cloud will additionally extend the impetus required for strong growth. Poised to score the maximum gains will be end-to end cloud-computing solutions that offer complete functionalities ranging from integration of internal and external clouds, automation of business critical tasks, and streamlining of business processes and workflow, among others.
Over and above, starting a cloud computing company requires professionalism and a good grasp of the ICT industry. Besides, you would need to get the required certifications and license and also meet the standard security expected for players in the industry in the united states; the industry is heavily regulated to guard against fraud and criminality.
2. Executive Summary
Silver Lining® Cloud Computing, Inc. is a licensed cloud computing company that will be located in San Diego – California. We have been able to secure a long term lease agreement for a standard office facility in an ideal location that is most suitable for the kind of business we want to run.
Our services will cover computer computing services areas such as; web based cloud computing, infrastructure as a Service (IaaS), software as a service (SaaS), platform as a service (PaaS), utility services, managed services, service commerce, hardware as a service, and workplace as a service et al.
We are aware that businesses these days require diverse and sophisticated approaches. This is why we will position our cloud computing company to offer a wide range of services as requested by our clients.
Silver Lining® Cloud Computing, Inc. is a client-focused cloud computing company that provides broad-based experience at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer a complete range of cloud computing services to our clients and we will ensure that we work hard to provide the required services needed by our clients.
At Silver Lining® Cloud Computing, Inc. our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
Silver Lining® Cloud Computing, Inc. is founded by Clarkson Duke and his friend and business partner David Shannon. The organization will be managed by both of them since they have combined experience and qualifications in the ICT services industry.
Clarkson and David graduated from MIT with degrees in Computer Technology and Business Management. They are Cloud Certified Professional, IBM Certified Cloud Solution Architect v1 and v3, Red Hat Certificate of Expertise in Infrastructure-as-a-Service.
3. Our Products and Services
Silver Lining® Cloud Computing, Inc. is going to offer varieties of services within the cloud computing line of business in the United States of America. Our intention of starting our cloud computing company is to make profits from the industry and we will do all that is permitted by the law in the United States of America to achieve our aim and ambition.
Our business offerings are listed below;
- Web Based Cloud Computing
- Infrastructure as a Service (IaaS)
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Utility Services
- Managed Services
- Service Commerce
- Hardware as a Service
- Workplace as a Service
4. Our Mission and Vision Statement
- Our vision is to build a world class cloud computing company that can favorably compete with leaders in the ICT services industry.
- Our mission is to provide a professional and trusted cloud computing platform and services that will assist businesses and non – profit organizations in operating sustainably. We will provide trusted and reliable cloud computing business solutions in combination with our own business backgrounds, and deliver valuable services in a timely and cost-effective way.
Our Business Structure
Silver Lining® Cloud Computing, Inc. is in business to become one of the leading cloud computing companies in the whole of San Diego – California and we are aware that it will take the right facility, management and organizational structure to achieve our goal.
We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all our stake holders. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more.
Our business will not be built only for the purpose of giving our clients value for their money, but also we will ensure that we make our work environment highly conducive for all our employees. We will provide them with facilities that will help them stay motivated and deliver on their various tasks and goals et al.
In view of that, we have made provisions for the following positions to be occupied by highly qualified and experienced staff;
- Chief Executive Officer / Lead Consultant
Cloud Computing Specialist
- Admin and Human Resources Manager
- Accountant / Cashier
- Marketing and Sales Officer
- Customer Care Executive / Front Desk Officer
5. Job Roles and Responsibilities
Chief Executive Office:
- Increases management’s usefulness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions.
- Builds, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Accountable for fixing prices and signing business deals
- Responsible for providing direction for the business
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Answerable for handling core services such as web based cloud computing, infrastructure as a Service (IaaS), software as a service (SaaS), platform as a service (PaaS), utility services, managed services, service commerce, hardware as a service, and workplace as a service et al.
- Handles any other services as assigned by the chief executive officer
Admin and HR Manager
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Designs job descriptions with KPI to drive performance management for clients
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defines job positions for recruitment and managing interviewing process
- Carries out induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Oversees the smooth running of the daily office activities.
Marketing and Sales Officer (2)
- Identifies, prioritizes, and reaches out to new clients, and business opportunities et al
- Recognizes development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects.
- Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
- Responsible for handling business research, market surveys and feasibility studies for clients
- Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
- Develops, executes and evaluates new plans for expanding sales
- Documents all customer contact and information
- Represents the organization in strategic meetings
- Helps to increase sales and growth for the organization.
Accountant/Cashier:
- Responsible for preparing financial reports, budgets, and financial statements for the organization
- Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
- Responsible for financial forecasting and risks analysis.
- Performs cash management, general ledger accounting, and financial reporting for the organization
- Responsible for developing and managing financial systems and policies
- Responsible for administering payrolls
- Ensures compliance with taxation legislation
- Handles all financial transactions for the organization
- Serves as internal auditor for the organization.
Client Service Executive
- Welcomes clients by greeting them in person or on the telephone; answering or directing inquiries.
- Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
- Through interaction with clients on the phone, uses every opportunity to build client’s interest in the organization’s services
- Manages administrative duties such as membership registrations and other related tasks assigned by the management in an effective and timely manner
- Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
- Distributes mails in the organization
- Handles any other duties as assigned the line manager
6. SWOT Analysis
Silver Lining® Cloud Computing, Inc. is in business to provide cloud computing services to businesses within and outside the United States and at the same time to make profits. We are aware that there are competitions in the cloud computing line of business which is why we took out time to conduct an effective SWOT Analysis before investing our hard earned money into the business.
We know that if we get things right before starting our business, we will not have to struggle before attracting loyal clients and building our clientele base to a level where we can easily breakeven. We hired the services a Business consultant with bias in business structuring to help us conduct SWOT analysis for our company and he did a pretty good job for us.
Here is a of the result we got from the SWOT analysis that was conducted on behalf of Silver Lining® Cloud Computing, Inc.;
Our core strength lies in the power of our workforce. We have a team of creative, result driven and highly proficient cloud computing experts, a team with excellent qualifications and experience in various niche areas in the cloud computing and other related industry. Aside from the synergy that exists in our carefully selected workforce, our services will be measurable, result driven and guided by international best practices in the industry.
As a new cloud computing company in San Diego – California, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive ICT services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business especially via main stream media.
- Opportunities:
The opportunities available to cloud computing companies are massive considering the number of corporate organizations that cannot successfully run their businesses without the professional assistance of cloud computing companies. As a standard cloud computing company, we are ready to take advantage of any opportunity that is available in the industry.
Some of the threats that we are likely going to face as a cloud computing company operating in the United States are unfavorable government policies , the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing/spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.
7. MARKET ANALYSIS
- Market Trends
Quite a number of distinct trends have emerged in the ICT services industry which is why cloud computing companies are positioning their organizations to survive the peaks and troughs of an ailing economy. As a matter of fact, most of these trends aid cloud computing organizations to become more creative, competitive, efficient, and productive in a global market. Some other trends in the ICT services industry could be attributed to changing demographics, attitudes and work styles.
The services or applications organizations are moving to the cloud are largely dependent on company size and industry. For instance, storage is the primary service for 40 percent of small businesses and 35 percent of mid-sized businesses, whereas large businesses and the federal government are first and foremost going to the cloud for conferencing and collaboration applications (40 percent and 39 percent, respectively). Organizations are also turning to the cloud for messaging, office and productivity suites, business process apps and computer power.
As the cost of cloud computing services continues to increase and as corporate spending falls, new cloud computing delivery methods will continue to emerge and gain momentum going forward. In addition, the market for cloud computing has shifted from a sellers’ market to a buyers’ market.
Lastly, it is now becoming trendy in the ICT services industry for smaller cloud computing companies to merge with bigger companies and for bigger cloud computing companies to acquire smaller companies; mergers and acquisitions. Many cloud computing companies all over the United States are coming to the conclusion that the bigger the better for them.
8. Our Target Market
Although Silver Lining® Cloud Computing, Inc. will initially serve small to medium sized businesses, from new ventures to well established businesses, but that does not in any way stop us from growing to compete with the leading cloud computing companies in the United States and on the global stage. We hope to someday merge with or acquire other smaller cloud computing companies and expand our cloud computing services beyond the shores of the United States of America.
As a full service business, Silver Lining® Cloud Computing, Inc. has a variety of practice areas to help startups grow. While we work with a variety of organizations and industries, we will also specialize in working with startups, real estate investors, and contractors, manufacturers and distributors, banks, lending and financial institutions.
We are coming into the industry with a business concept that will enable us work with the highly and lowly placed people and companies in the country. In other words, our target market is the whole of the United States of America and subsequently other parts of the world.
Below is a list of the people and organizations that we have specifically design our cloud computing services for;
- Banks, Insurance Companies and other related Financial Institutions
- Blue Chips Companies
- Corporate Organizations
- Retail Companies
- Manufacturers and Distributors
- Real Estate Owners, Developers, and Contractors
- Research and Development Companies
- The Government (Public Sector)
- Schools (High Schools, Colleges and Universities)
- Sport Organizations
- Religious Organizations
- Political Parties
- Television Stations
- Printing Press (Publishing Houses) and Authors
- Branding and Advertising agencies
- Entrepreneurs and Startups
Our Competitive Advantage
Surviving in the business world as a cloud computing business requires more than your expertise, knowing how to properly manage your business but also how to network with key people that can decide who will get a contract or business deal.
We are quite aware that to be highly competitive in the cloud computing line of business means that you are not only expected to deliver excellent services, but you must be result driven and able to meet set targets. No one would want to continue to hire your services if they can’t get tangible results.
Our competitive advantage lies in the power of our workforce. We have a team of creative, result driven and highly proficient cloud computing experts, a team with excellent qualifications and experience in various niche areas in the ICT Services industry and other related industry. Aside from the synergy that exists in our carefully selected cloud computing experts, our services will be measurable, result driven and guided by international best practices.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
9. SALES AND MARKETING STRATEGY
- Sources of Income
Silver Lining® Cloud Computing, Inc. is established with the aim of maximizing profits in the Silver Lining® Cloud Computing, Inc. and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis.
Silver Lining® Cloud Computing, Inc. will generate income by offering the following cloud computing services to organizations;
10. Sales Forecast
One thing is certain, there would always be corporate organizations, government agencies, non – profits and individuals who would need the services of cloud computing companies to help them improve their business system and processes.
We are well positioned to take on the available market in the cloud computing line of business and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow our cloud computing company to enviable heights.
We have been able to critically examine the cloud computing market space, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in San Diego – California.
Below are the sales projections for Silver Lining® Cloud Computing, Inc., it is based on the location of our business and of course the wide range of our cloud computing services and target market;
- First Fiscal Year: $240,000
- Second Fiscal Year: $500,000
- Third Fiscal Year: $750,000
N.B : This projection was done based on what is obtainable in the computer cum ICT services industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same cloud computing services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
- Marketing Strategy and Sales Strategy
There are stiff competitions amongst cloud computing companies in the United States of America, hence we have been able to hire some of the best business marketers to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard cloud computing business that will leverage on word of mouth advertisement from satisfied clients.
Our goal is to grow our cloud computing company to become one of the top 20 cloud computing companies in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States but in the world as well.
Silver Lining® Cloud Computing, Inc. is set to make use of the following marketing and sales strategies to attract clients;
- Introduce our business by sending introductory letters alongside our brochure to organizations and key stakeholders in San Diego – California and other parts of the United States
- Promptness in bidding for cloud computing contracts from the government and other cooperate organizations
- Advertise our business in relevant business magazines, newspapers, TV and radio stations
- List our business on yellow pages’ ads (local directories)
- Attend relevant international and local expos, seminars, and business fairs et al
- Create different packages for different categories of clients in order to work with their budgets and still deliver quality cloud computing services to them
- Leverage on the internet to promote our business
- Engage direct marketing approach
- Encourage word of mouth marketing from loyal and satisfied clients
11. Publicity and Advertising Strategy
We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate and individual clients in the whole of the United States and beyond which is why we have made provisions for effective publicity and advertisement of our cloud computing company.
Below are the platforms we intend to leverage on to promote and advertise Silver Lining® Cloud Computing, Inc.;
- Place adverts on both print (newspapers and magazines) and electronic media platforms
- Sponsor relevant community based events/programs
- Leverage on the internet and social media platforms like Instagram, Facebook, twitter, YouTube, Google + et al to promote our services
- Install our billboards in strategic locations all around San Diego – California
- Distribute our fliers and handbills in target areas
- List our cloud computing company in local directories/yellow pages
- Advertise our services in our official website and employ strategies that will help us pull traffic to the site.
- Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo
12. Our Pricing Strategy
Hourly billing for cloud computing services is a long – time tradition in the industry. However, for some types of cloud computing services, flat fees make more sense because they allow clients to better predict consultancy costs. As a result of this, Silver Lining® Cloud Computing, Inc. will charge our clients a flat fee for many basic services.
At Silver Lining® Cloud Computing, Inc. we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises.
- Payment Options
The payment policy adopted by Silver Lining® Cloud Computing, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
Here are the payment options that Silver Lining® Cloud Computing, Inc. will make available to her clients;
- Payment via bank transfer
- Payment with cash
- Payment via credit cards / Point of Sale Machines (POS Machines)
- Payment via online bank transfer
- Payment via check
- Payment via mobile money transfer
- Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
13. Startup Expenditure (Budget)
If you are looking towards starting a cloud computing company, then you should be ready to raise enough capital to cover some of the basic expenditure that you are going to incur. You would need money to secure a standard facility, to acquire relevant storage hardware and software and you would need money to pay your workforce and bills for a while until the revenue you generate from the business becomes enough to pay them.
The items listed below are the basics we would need when starting our cloud computing company in the United States;
- The total fee for registering the Business in the United States – $750.
- Legal expenses for obtaining licenses and permits – $1,500.
- Marketing promotion expenses for the grand opening of Silver Lining® Cloud Computing, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
- Cost for hiring Business Consultant – $2,500.
- Cost for computer software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, and QuickBooks Pro et al) – $7,000
- Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $3,400.
- Cost for payment of rent for 12 months at $1.76 per square feet in the total amount of – $105,600.
- Cost for facility remodeling – $20,000.
- Other start-up expenses including stationery ( $500 ) and phone and utility deposits – ( $2,500 ).
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $500,000
- The cost for the purchase of furniture and gadgets (Internet server, Computers, Printers, Telephone, TVs, tables and chairs et al) – $4,000.
- The cost of launching a website and acquiring the needed hardware and software storage facility – $50,000
- Miscellaneous – $10,000
We would need an estimate of three hundred thousand dollars ( $300,000 ) to successfully set up our cloud computing in San Diego – California.
Generating Startup Capital for Silver Lining® Cloud Computing, Inc.
Silver Lining® Cloud Computing, Inc. is going to start as a partnership business that will be owned by Clarkson Duke and his friend and business partner David Shannon. They will be the sole financiers of the firm, but may likely welcome partners later which is why they have decided to restrict the sourcing of his startup capital to 3 major sources.
These are the areas we intend generating our startup capital;
- Generate part of the startup capital from personal savings
- Source for soft loans from family members and friends
- Apply for loan from the bank
N.B: We have been able to generate about $100,000 ( Personal savings $80,000 and soft loan from family members $20,000 ) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
The future of any business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.
One of our major goals of starting Silver Lining® Cloud Computing, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our cloud computing services and other related ICT advisory and consulting services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Silver Lining® Cloud Computing, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List/Milestone
- Business Name Availability Check: Completed
- Business Incorporation: Completed
- Opening of Corporate Bank Accounts various banks in the United States: Completed
- Opening Online Payment Platforms: Completed
- Application and Obtaining Tax Payer’s ID: In Progress
- Application for business license and permit: Completed
- Purchase of Insurance and software apps for the Business: Completed
- Securing and renovating a standard office facility: In Progress
- Conducting Feasibility Studies: Completed
- Generating part of the startup capital from the founder: Completed
- Applications for Loan from our Bankers: In Progress
- Writing of Business Plan: Completed
- Drafting of Employee’s Handbook: Completed
- Drafting of Contract Documents: In Progress
- Design of The Company’s Logo: Completed
- Printing of Promotional Materials: Completed
- Recruitment of employees: In Progress
- Purchase of the needed hardware and software storage facility, internet server, computers / laptops, furniture, office equipment, electronic appliances and facility facelift: In progress
- Creating Official Website for the Company: In Progress
- Creating Awareness for the business (Business PR): In Progress
- Health and Safety and Fire Safety Arrangement: In Progress
- Establishing business relationship with key players in the industry: In Progress
More on Technology
Cloud Computing Business Plan Template
Written by Dave Lavinsky
Writing a Successful Business Plan For Your Cloud Computing Business + Template
If you’re looking to start or grow a cloud computing business, you need a business plan. Your plan will outline your business goals and strategies, and how you plan on achieving them. It will also detail the amount of funding you need, and if needed, present a case to investors and lenders regarding why they should invest in your business.
In this article, we’ll explain why you should invest the time and energy into creating a cloud computing business plan, and provide you with a cloud computing business plan template and sample business plan that includes an overview of what should be included in each section. Download the Ultimate Cloud Computing Business Plan Template here >
Why Write a Business Plan For a Cloud Computing Business?
There are many reasons to write a business plan for a cloud computing company, even if you’re not looking for funding. A business plan can help you see potential pitfalls in your business strategy, as well as identify opportunities you may not have considered. It can also help you track your progress and adjust your plans as needed.
That said, if you are looking for funding, a business plan is essential. Investors and lenders want to see that you have a solid understanding of your industry, your customers, and your competition. They also want to know that you have a realistic view of your financial situation and how much money you’ll need to get started.
How To Write a Business Plan For a Cloud Computing Business
While every business plan is different, there are 10 essential components that all cloud computing business plans should include:
Executive Summary
Company description, industry analysis, customer analysis, competitor analysis, marketing plan, operations plan, management team, financial plan.
Keep in mind that you’ll need to tailor this information to your specific type of cloud computing business, but these 10 components should be included in every plan.
The executive summary is the first section of your business plan, but it’s often written last. This is because it provides an overview of the entire document.
In the executive summary, briefly explain what your business does, your business goals, and how you plan on achieving them. You should also include a brief overview of your financial situation, including how much money you’ll need to get started.
For organizational purposes, you could create headings for each main section of your business plan to highlight the key takeaways.
For example, your cloud computing executive summary might look something like this:
Company Overview
[Insert Company Introduction / Short Summary]
Business Goals
[Insert Business Goals & How You Plan To Achieve Them]
Industry Overview
[Insert Industry Statistics on the Size of Your Market]
Competition
[Insert Overview of Competitors & Your Competitive Advantage]
[Insert Information About The Marketing Strategies You Will Use To Attract Clients/Customers]
Financial Overview
You can add and/or remove sections as needed, but these are the basics that should be included in every executive summary.
The next section of your cloud computing business plan is the company description, where you’ll provide an overview of your business.
Include information about your:
- Company History & Accomplishments To Date
Mission Statement and/or Company Values
With regards to the company overview, here you will document the type of cloud computing company you operate. For example, there are several types of cloud computing companies such as:
- SaaS (Software as a Service)
- PaaS (Platform as a Service)
- IaaS (Infrastructure as a Service)
For example, a cloud computing company description might look something like this:
We are an X type of cloud computing company.
Company History
If an existing company: Since launching, our team has served X customers and generated $Y in revenue.
If startup: I conceived [company name] on this date. Since that time, we have developed the company logo, found potential space, etc.
This is just an example, but your company description should give potential investors a clear idea of who you are, what you do, and why you’re the best at what you do.
The next section of your business plan is the industry analysis. In this section, you’ll need to provide an overview of the industry you’re in, as well as any trends or changes that might impact your business.
Questions you will want to answer include:
- What is the overall size of the cloud computing industry?
- How is the industry growing or changing?
- What are the major trends affecting the cloud computing industry?
- Who are the major players in the cloud computing industry?
For example, your industry analysis might look something like this:
The size of the cloud computing industry is $XX billion.
It is currently growing at an annual rate of more than 20%.
This rapid development is being driven by the country’s strong economic growth, which is expected to continue in the coming years.
Major trends affecting the industry are the ever-growing popularity of social media platforms, the increase in online spend by consumers, and the continued growth of the e-commerce industry.
How We Fit Into The Industry
This is just an example, but your industry analysis should give potential investors a clear idea of the overall industry, and how your company fits into that industry.
The next section of your cloud computing business plan is the customer analysis. In this section, you’ll need to provide an overview of who your target customers are and what their needs are.
- Who are your target customers?
- What are their needs?
- How do they interact with your industry?
- How do they make purchasing decisions?
You want a thorough understanding of your target customers to provide them with the best possible products and/or services. Oftentimes, you will want to include the specific demographics of your target market, such as age, gender, income, etc., but you’ll also want to highlight the psychographics, such as their interests, lifestyles, and values.
This information will help you better understand your target market and how to reach them.
For example, your customer analysis might look something like this:
Target Market & Demographics
The demographic (age, gender, location, income, etc.) profile of our target cloud computing customer is as follows:
– Age: 25-44
– Gender: Male/Female
– Location: United States
– Income: $50,000+
– Education: College
Psychographics
Our core customer interests are as follows:
– Technology: They are early adopters of new technology and trends
– Social Media: They use social media platforms regularly
– Business: They are small business owners or work in small businesses
– E-commerce: They are comfortable making purchases online
In summary, your customer analysis should give potential investors a clear idea of who your target market is and how you reach them.
The next section of your business plan is the competitor analysis. In this section, you’ll need to provide an overview of who your major competitors are and their strengths and weaknesses.
- Who are your major competitors?
- What are their strengths and weaknesses?
- How do they compare to you?
You want to make sure that you have a clear understanding of your competition so that you can position yourself in the market. Creating a SWOT Analysis (strengths, weaknesses, opportunities, threats) for each of your major competitors helps you do this.
For example, your competitor analysis might look something like this:
Major Competitors
XYZ Company is our major competitor. Its offerings include this, this and this. Its strengths include XYZ, and its weaknesses include XYZ.
Competitive Advantage
Your competitor analysis should give potential lenders and investors a clear idea of who your major competitors are and how you compare to them.
The next section of your business plan is the marketing plan. In this section, you’ll need to provide an overview of your marketing strategy and how you plan on executing it.
Specifically, you will document your “4 Ps” as follows:
- Products/Services : Here is where you’ll document your product/service offerings.
- Price : Detail your pricing strategy here.
- Place : Document where customers will find you and whether you will use distribution channels (e.g., partnerships) to reach them.
- Promotion : Here you will document how you will reach your target customers. For instance, cloud computing businesses often reach new customers via promotional tactics including search engine optimization (SEO), search engine marketing (SEM), content marketing, influencer marketing, etc.
For example, your marketing plan might look something like this:
Products/Services
We offer the following products/services:
We will use a premium pricing strategy to establish ourselves as the highest quality brand.
We will serve customers directly and through a partnership with XYZ company.
As you can see, your marketing plan should give potential investors a clear idea of your marketing objectives, strategies, and tactics.
The next section of your business plan is the operations plan. In this section, you’ll need to provide an overview of your company’s day-to-day operations and how they will be structured.
- What are your company’s daily operations?
- How are your company’s operations structured?
- Who is responsible for each task?
Your operations plan should be detailed and concise. You want to make sure that potential investors have a clear understanding of your company’s day-to-day operations and how they are structured.
You will also include information regarding your long-term goals for your operations and how you plan on achieving them.
For example, your operations plan might look something like this:
Daily Operations
Our company’s daily operations include XYZ.
Operational Structure
Our company is structured as follows:
- Department 1
- Department 2
- Department 3
Each department is responsible for XYZ tasks.
Long-Term Goals
Our long-term goals for our operations are to achieve the following over the next five years.
Date 1: Goal 1
Date 2: Goal 2
Date 3: Goal 3
Date 4: Goal 4
Your operations plan should give readers a clear idea of your company’s day-to-day operations, how they are structured, and your long-term goals for the company.
The next section of your business plan is the management team. In this section, you’ll need to provide an overview of your management team and their experience.
- Who is on your management team?
- What are their qualifications?
- What is their experience?
Your management team ideally includes individuals who are experts in their respective fields. You want to make sure that lenders and investors have a clear understanding of your management team’s qualifications and experience, and feel they can execute on your plan.
For example, your management team might look something like this:
Our management team is comprised of the following X individuals with the following experience.
Team Member 1:
Team member 1’s qualifications and experience include XYZ.
Team Member 2:
Your management team should give potential lenders and investors a clear idea of who is on your team and how their qualifications and experience will help your company succeed.
The final core section of your business plan is the financial plan. In this section, you’ll need to provide an overview of your company’s financials.
- What are your company’s projected revenues?
- What are your company’s projected expenses?
- What is your company’s projected growth rate?
- How much funding do you need and for what purposes? For example, most startup cloud computing businesses need outside funding for capital expenditures (CAPEX), such as servers, and working capital (OPEX), such as salaries.
Your financial plan should give potential investors a clear understanding of your company’s financials. While you may include a summary of this information in this section, you will include full financial statements in the appendix of your business plan.
For example, your financial plan might look something like this:
Our company’s projected revenues over the next five years are $XYZ.
Expenses & Net Income
Our company’s projected expenses and net income over the next five years are $XYZ.
Uses of Funding
This is just an example, but your financial plan should give potential investors a clear idea of your company’s financial projections.
The final section of your business plan is the appendix. In this section, you’ll need to provide any additional information that was not included in the previous sections.
This may include items such as:
- Full financial statements
- Resumes of key management team members
- Letters of reference
- Articles or press releases
- Marketing materials
- Product information
- Any other relevant information
By including this information in the appendix, you are allowing potential investors and lenders to learn more about your company.
In summary, writing a cloud computing business plan is a vital step in the process of starting and/or growing your own business.
A business plan will give you a roadmap to follow. It can also help you attract investors and partners.
By following the tips outlined in this article, you can be sure that your business plan will be effective and help you achieve your goals.
Finish Your Business Plan in 1 Day!
Wish there was a faster, easier way to finish your business plan?
With our Ultimate Cloud Computing Business Plan Template you can finish your plan in just 8 hours or less!
Finish your business plan today!
1777 SW Chandler Ave. Suite 267 Bend, OR 97702
Business Plan Services Business Plan Writing Business Plan Consultants
- High School
- You don't have any recent items yet.
- You don't have any courses yet.
- You don't have any books yet.
- You don't have any Studylists yet.
- Information
Cloud Computing Business Plan [Sample Template for 2022]
Principles of business management (bus 1101), university of the people, recommended for you, students also viewed.
- Week 2 Discussion Forum
- Week 1 Discussion Forum
- Learning journal unit 1
- BUS1101 - Self-Quiz Unit 7 Attempt 1 review 100%
- BUS1101 Graded Quiz 3
- BUS 1101 Self Quiz Unit 5
Related documents
- BUS 1101 Written Assignment UNIT 5 ::
- BUS 1101 Discussion Forum UNIT 3
- Discussion forum 8
- LJ4 learning journal unit4
- Self-Quiz Unit 7 Attempt review
- BUS 1101 discussion 8
Preview text
Home (proûtableventure/) » Business ideas (proûtableventure/ideas/) » Technology Industry (proûtableventure/ideas/technology/) » Web & Cloud Hosting Business (proûtableventure/ideas/technology/hosting/) »
How to Write a Cloud Computing
Business plan [sample template].
Are you about starting a cloud computing business? If YES, here is a complete sample cloud computing business plan template & feasibility report you can use for FREE . Okay, so we have considered all the requirements for starting a cloud computing business (proûtableventure/starting-a- cloud-computing-business/). We also took it further by analyzing and drafting a sample cloud computing marketing plan template backed up by actionable guerrilla marketing ideas for cloud computing businesses. So let’s proceed to the business planning section.
Table of Content [hide]
Why Start a Cloud Computing Business?
- Industry Overview
- Executive Summary
- Our Products and Services
- Our Mission and Vision Statement
- Job Roles and Responsibilities
- SWOT Analysis
- MARKET ANALYSIS
- Our Target Market
- SALES AND MARKETING STRATEGY
- Sales Forecast
- Publicity and Advertising Strategy
- Our Pricing Strategy
- Startup Expenditure (Budget)
- Sustainability and Expansion Strategy
Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the internet as a service. This is an arrangement that enables companies to expand their network capacity, and run applications directly on a vendor’s network. It offers a host of advantages with the most primary being radically lower IT costs. The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy server, and storage systems.
In the same vein, the burden of developing and maintaining the technological expertise required in running the network is transferred to the service provider. The pay-per-use basis of cloud computing helps transform the way IT departments create and deploy customized applications during these difûcult times.
By offering a more cost-effective, less risky, and fundamentally faster alternative to on-site application developments, cloud computing is poised to transform the economics of information technology in the next few years.
The internet is a foundation for cloud computing, and the term <cloud= is used as a metaphor for the Internet. Thanks to new and improved networks, the Internet is fast becoming a vehicle for delivering computational requirements. The ubiquity of the Internet and the widespread availability of high-speed broadband access are the primary factors driving the movement towards the cloud.
If you have decided to start your own cloud computing business, then you should ensure that you carry out thorough feasibility studies and market survey. Business plan is yet another very important business document that you should not take for granted when launching your own business.
Below is a sample cloud computing business plan template that can help you to successfully write your own with little or no difûculty.
In addition, cloud storage can be used to move virtual machine images between user accounts or between data centers. Cloud storage can be used as natural disaster proof backup, as normally there are 2 or 3 different backup servers located in different places around the globe.
Users access cloud computing using networked client devices such as desktop computers, laptops, tablets and smartphones and any Ethernet enabled device such as Home Automation Gadgets. Some of these devices4cloud clients4rely on cloud computing for all or a majority of their applications.
Some of the factors that encourage entrepreneurs to start their own cloud computing business could be the growing recognition of economic and operational beneûts and the efûciency of cloud-computing. As companies ease out gradually from economic uncertainties and ûnancial shackles, widespread adoption of cloud services is in the ofûng.
The pragmatic and successful adoption of this technology concept by early adopters will pave the way for mass enterprise adoption of cloud services in the upcoming years.
The transition of enterprises from virtual machines to the cloud will additionally extend the impetus required for strong growth. Poised to score the maximum gains will be end-to end cloud-computing solutions that offer complete functionalities ranging from integration of internal and external clouds, automation of business critical tasks, and streamlining of business processes and worküow, among others.
Over and above, starting a cloud computing company requires professionalism and a good grasp of the ICT industry. Besides, you would need to get the required certiûcations and license and also meet the standard security expected for players in the industry in the united states (proûtableventure/business-ideas-united-states/); the industry is heavily regulated to guard against fraud and criminality.
2. Executive Summary
Silver Lining® Cloud Computing, Inc. is a licensed cloud computing company that will be located in San Diego 3 California. We have been able to secure a long term lease agreement for a standard ofûce facility in an ideal location that is most suitable for the kind of business we want to run.
Our services will cover computer computing services areas such as; web based cloud computing, infrastructure as a Service (IaaS), software as a service (SaaS), platform as a service (PaaS), utility services, managed services, service commerce, hardware as a service, and workplace as a service et al.
We are aware that businesses these days require diverse and sophisticated approaches. This is why we will position our cloud computing company to offer a wide range of services as requested by our clients.
Silver Lining® Cloud Computing, Inc. is a client-focused cloud computing company that provides broad- based experience at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer a complete range of cloud computing services to our clients and we will ensure that we work hard to provide the required services needed by our clients.
At Silver Lining® Cloud Computing, Inc. our client’s best interest will always come ûrst, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
Silver Lining® Cloud Computing, Inc. is founded by Clarkson Duke and his friend and business partner David Shannon. The organization will be managed by both of them since they have combined experience and qualiûcations in the ICT services industry.
Clarkson and David graduated from MIT with degrees in Computer Technology and Business Management. They are Cloud Certiûed Professional, IBM Certiûed Cloud Solution Architect v1 and v3, Red Hat Certiûcate of Expertise in Infrastructure-as-a-Service.
3. Our Products and Services
Silver Lining® Cloud Computing, Inc. is going to offer varieties of services within the cloud computing line of business in the United States of America. Our intention of starting our cloud computing company is to make proûts from the industry and we will do all that is permitted by the law in the United States of America to achieve our aim and ambition.
Our business offerings are listed below;
Chief Executive Ofûcer / Lead Consultant Cloud Computing Specialist Admin and Human Resources Manager Accountant / Cashier Marketing and Sales Ofûcer Customer Care Executive / Front Desk Ofûcer
5. Job Roles and Responsibilities
Chief Executive Office:
Increases management’s usefulness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions. Builds, communicates, and implements the organization’s vision, mission, and overall direction 3 i. leading the development and implementation of the overall organization’s strategy. Accountable for ûxing prices and signing business deals Responsible for providing direction for the business Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization
Cloud Computing Specialist
Answerable for handling core services such as web based cloud computing, infrastructure as a Service (IaaS), software as a service (SaaS), platform as a service (PaaS), utility services, managed services, service commerce, hardware as a service, and workplace as a service et al. Handles any other services as assigned by the chief executive ofûcer
Admin and HR Manager
Responsible for overseeing the smooth running of HR and administrative tasks for the organization Designs job descriptions with KPI to drive performance management for clients Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
Maintains ofûce supplies by checking stocks; placing and expediting orders; evaluating new products. Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Deûnes job positions for recruitment and managing interviewing process Carries out induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Oversees the smooth running of the daily ofûce activities.
Marketing and Sales Officer (2)
Identiûes, prioritizes, and reaches out to new clients, and business opportunities et al Recognizes development opportunities; follows up on development leads and contacts; participates in the structuring and ûnancing of projects; assures the completion of projects. Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy Responsible for handling business research, market surveys and feasibility studies for clients Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients Develops, executes and evaluates new plans for expanding sales Documents all customer contact and information Represents the organization in strategic meetings Helps to increase sales and growth for the organization.
Accountant/Cashier:
Responsible for preparing ûnancial reports, budgets, and ûnancial statements for the organization Provides managements with ûnancial analyses, development budgets, and accounting reports; analyzes ûnancial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. Responsible for ûnancial forecasting and risks analysis. Performs cash management, general ledger accounting, and ûnancial reporting for the organization Responsible for developing and managing ûnancial systems and policies
As a new cloud computing company in San Diego 3 California, it might take some time for our organization to break into the market and gain acceptance especially from top proûle clients in the already saturated and highly competitive ICT services industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business especially via main stream media.
Opportunities:
The opportunities available to cloud computing companies are massive considering the number of corporate organizations that cannot successfully run their businesses without the professional assistance of cloud computing companies. As a standard cloud computing company, we are ready to take advantage of any opportunity that is available in the industry.
Some of the threats that we are likely going to face as a cloud computing company operating in the United States are unfavorable government policies (proûtableventure/regulation-policies-hurt- business/), the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing/spending power. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.
7. MARKET ANALYSIS
Market Trends
Quite a number of distinct trends have emerged in the ICT services industry which is why cloud computing companies are positioning their organizations to survive the peaks and troughs of an ailing economy. As a matter of fact, most of these trends aid cloud computing organizations to become more creative, competitive, efûcient, and productive in a global market. Some other trends in the ICT services industry could be attributed to changing demographics, attitudes and work styles.
The services or applications organizations are moving to the cloud are largely dependent on company size and industry. For instance, storage is the primary service for 40 percent of small businesses and 35 percent of mid-sized businesses, whereas large businesses and the federal government are ûrst and foremost going to the cloud for conferencing and collaboration applications (40 percent and 39 percent, respectively). Organizations are also turning to the cloud for messaging, ofûce and productivity suites, business process apps and computer power.
As the cost of cloud computing services continues to increase and as corporate spending falls, new cloud computing delivery methods will continue to emerge and gain momentum going forward. In addition, the market for cloud computing has shifted from a sellers’ market to a buyers’ market.
Lastly, it is now becoming trendy in the ICT services industry for smaller cloud computing companies to merge with bigger companies and for bigger cloud computing companies to acquire smaller companies; mergers and acquisitions. Many cloud computing companies all over the United States are coming to the conclusion that the bigger the better for them.
8. Our Target Market
Although Silver Lining® Cloud Computing, Inc. will initially serve small to medium sized businesses, from new ventures to well established businesses, but that does not in any way stop us from growing to compete with the leading cloud computing companies in the United States and on the global stage. We hope to someday merge with or acquire other smaller cloud computing companies and expand our cloud computing services beyond the shores of the United States of America.
As a full service business, Silver Lining® Cloud Computing, Inc. has a variety of practice areas to help startups grow. While we work with a variety of organizations and industries, we will also specialize in working with startups, real estate investors, and contractors, manufacturers and distributors, banks, lending and ûnancial institutions.
We are coming into the industry with a business concept that will enable us work with the highly and lowly placed people and companies in the country. In other words, our target market is the whole of the United States of America and subsequently other parts of the world.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
9. SALES AND MARKETING STRATEGY
Sources of Income
Silver Lining® Cloud Computing, Inc. is established with the aim of maximizing proûts in the Silver Lining® Cloud Computing, Inc. and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis.
Silver Lining® Cloud Computing, Inc. will generate income by offering the following cloud computing services to organizations;
Web Based Cloud Computing Infrastructure as a Service (IaaS) Software as a Service (SaaS) Platform as a Service (PaaS) Utility Services Managed Services Service Commerce Hardware as a Service Workplace as a Service
10. Sales Forecast
One thing is certain, there would always be corporate organizations, government agencies, non 3 proûts and individuals who would need the services of cloud computing companies to help them improve their business system and processes.
We are well positioned to take on the available market in the cloud computing line of business and we are quite optimistic that we will meet our set target of generating enough income/proûts from the ûrst six months of operation and grow our cloud computing company to enviable heights.
We have been able to critically examine the cloud computing market space, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the ûeld and some assumptions that are peculiar to similar startups in San Diego 3 California.
Below are the sales projections for Silver Lining® Cloud Computing, Inc., it is based on the location of our business and of course the wide range of our cloud computing services and target market;
First Fiscal Year: $240, Second Fiscal Year: $500, Third Fiscal Year: $750,
N : This projection was done based on what is obtainable in the computer cum ICT services industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same cloud computing services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
Marketing Strategy and Sales Strategy
There are stiff competitions amongst cloud computing companies in the United States of America, hence we have been able to hire some of the best business marketers to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard cloud computing business that will leverage on word of mouth advertisement from satisûed clients.
Our goal is to grow our cloud computing company to become one of the top 20 cloud computing companies in the United States of America which is why we have mapped out strategies that will help us take advantage of the available market and grow to become a major force to reckon with not only in the United States but in the world as well.
Silver Lining® Cloud Computing, Inc. is set to make use of the following marketing and sales strategies to attract clients;
Introduce our business by sending introductory letters alongside our brochure to organizations and key stakeholders in San Diego 3 California and other parts of the United States Promptness in bidding for cloud computing contracts from the government and other cooperate organizations Advertise our business in relevant business magazines, newspapers, TV and radio stations List our business on yellow pages’ ads (local directories) Attend relevant international and local expos, seminars, and business fairs et al
Payment via bank transfer Payment with cash Payment via credit cards / Point of Sale Machines (POS Machines) Payment via online bank transfer Payment via check Payment via mobile money transfer Payment via bank draft
In view of the above, we have chosen banking platforms that will enable our client make payment for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
13. Startup Expenditure (Budget)
If you are looking towards starting a cloud computing company, then you should be ready to raise enough capital to cover some of the basic expenditure that you are going to incur. You would need money to secure a standard facility, to acquire relevant storage hardware and software and you would need money to pay your workforce and bills for a while until the revenue you generate from the business becomes enough to pay them.
The items listed below are the basics we would need when starting our cloud computing company in the United States;
The total fee for registering the Business in the United States 3 $750. Legal expenses for obtaining licenses and permits 3 $1,500. Marketing promotion expenses for the grand opening of Silver Lining® Cloud Computing, Inc. in the amount of $3,500 and as well as üyer printing (2,000 üyers at $0 per copy) for the total amount of 3 $3,580. Cost for hiring Business Consultant 3 $2,500. Cost for computer software (Accounting Software, Payroll Software, CRM Software, Microsoft Ofûce, and QuickBooks Pro et al) 3 $7, Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium 3 $3,400. Cost for payment of rent for 12 months at $1 per square feet in the total amount of 3 $105,600. Cost for facility remodeling 3 $20,000. Other start-up expenses including stationery ( $500 ) and phone and utility deposits 3 ( $2,500 ). Operational cost for the ûrst 3 months (salaries of employees, payments of bills et al) 3 $500, The cost for the purchase of furniture and gadgets (Internet server, Computers, Printers, Telephone, TVs, tables and chairs et al) 3 $4,000. The cost of launching a website and acquiring the needed hardware and software storage facility 3 $50, Miscellaneous 3 $10,
We would need an estimate of three hundred thousand dollars ( $300,000 ) to successfully set up our cloud computing in San Diego 3 California.
Generating Startup Capital for Silver Lining® Cloud Computing, Inc.
Silver Lining® Cloud Computing, Inc. is going to start as a partnership business that will be owned by Clarkson Duke and his friend and business partner David Shannon. They will be the sole ûnanciers of the ûrm, but may likely welcome partners later which is why they have decided to restrict the sourcing of his startup capital to 3 major sources.
These are the areas we intend generating our startup capital;
Generate part of the startup capital from personal savings Source for soft loans from family members and friends Apply for loan from the bank
N: We have been able to generate about $100,000 ( Personal savings $80,000 and soft loan from family members $20,000 ) and we are at the ûnal stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
14. Sustainability and Expansion Strategy
The future of any business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and business structure. If all of these factors are missing from a business, then it won’t be too long before the business closes shop.
One of our major goals of starting Silver Lining® Cloud Computing, Inc. is to build a business that will survive off its own cash üow without the need for injecting ûnance from external sources once the business is ofûcially running.
We know that one of the ways of gaining approval and winning customers over is to offer our cloud computing services and other related ICT advisory and consulting services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower proût margin for a while.
Silver Lining® Cloud Computing, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.
As a matter of fact, proût-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List/Milestone
Business Name (proûtableventure/choosing-a-business-name/) Availability Check: Completed Business Incorporation: Completed Opening of Corporate Bank Accounts various banks in the United States: Completed Opening Online Payment Platforms: Completed Application and Obtaining Tax Payer’s ID: In Progress Application for business license and permit: Completed Purchase of Insurance and software apps for the Business: Completed Securing and renovating a standard ofûce facility: In Progress
How to Write a Drone Repair Service Business Plan [Sample Template] (proûtableventure/drone-repair-business-plan/)
How to Write a Drone Inspection Service Business Plan [Sample Template] (proûtableventure/drone-inspection-business-plan/)
How to Write a Drone Rental Business Plan [Sample Template] (proûtableventure/drone-rental-business-plan/)
How to Write a Bitcoin Mining Business Plan [Sample Template] (proûtableventure/bitcoin-mining-business-plan/)
How to Write a Data Center Business Plan [Sample Template] (proûtableventure/data-center-business-plan/)
How to Write a Biotech Company Business Plan [Sample Template] (proûtableventure/biotech-company-business-plan/)
Copyright © 2022 Proûtable Venture Magazine Ltd | All Rights Reserved | See About Us (proûtableventure/about-us/) | Contact Us (proûtableventure/contact- us/) | Privacy Policy (proûtableventure/privacy-policy/) | Disclaimer (proûtableventure/disclaimer/).
- Multiple Choice
Course : Principles of Business Management (BUS 1101)
University : university of the people.
- Discover more from: Principles of Business Management BUS 1101 University of the People 999+ Documents Go to course
- More from: Principles of Business Management BUS 1101 University of the People 999+ Documents Go to course
How to Start a Cloud Computing Business
By: Author Tony Martins Ajaero
Home » Business ideas » Technology Industry » Web & Cloud Hosting Business
Do you want to start a cloud computing company? If YES, here is a complete guide to starting a cloud computing business with NO money and NO experience plus a sample cloud computing business plan template.
If you are ICT inclined and you are looking for a business to start as an aspiring entrepreneur, then you don’t need to look far because there are loads of businesses in the industry that you can successfully start and one of them is a cloud computing company.
Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the internet as a service. This is an arrangement that enables companies expand their network capacity and run applications directly on a vendor’s network; it offers a host of advantages and radically lowers IT cost.
Suggested for You
- How to Start a Cloud Storage and Hosting Business
- How to Start a Web Server Hosting Company
- 50 Best Cloud Computing Business ideas You Can Start Today
The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing legacy servers and storage systems.
So also, the burden of developing and maintaining the technological expertise required in running the network is transferred to the service provider. The pay-per-use basis of cloud computing helps transform the way IT departments create and deploy customized applications during these difficult times.
By offering a more cost-effective, less risky, and fundamentally faster alternative to on-site application developments, cloud computing is poised to transform the economics of information technology in the next few years.
With the internet being a foundation for cloud computing, the term “cloud” is used as a metaphor for the internet. Thanks to new and improved networks, the internet is fast becoming a vehicle for delivering computational requirements.
The ubiquity of the internet and the widespread availability of high-speed broadband access are the primary factors driving the movement towards the cloud.
So, if you have done the relevant ICT courses, then you might want to venture into this business. If you have been tinkering with starting your own cloud computing company but do not know how to go about it, then you should ponder over using the following measures which this article promises to give.
Steps to Starting a Cloud Computing Business
1. understand the industry.
The global cloud storage market is expected to grow from USD 18.87 billion in 2015 to USD 65.41 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.2%. The cloud storage solution and services are currently being offered by numerous vendors such as IBM, Microsoft, Google, Amazon Web Services, VMware, Box, Fujitsu, RackSpace, AT&T and HP.
These vendors are selling variations of cloud storage solutions and managed services. However, there is a price war between these cloud storage service providers globally, as they keep reducing the prices at regular basis and increasing the volume of storage.
The storage solutions are evolving as several companies have entered into the market and are offering advanced solutions to store data at minimum costs.
The first digital storage device was introduced in 1890 when Herman Hollerith, founder of Tabulating Machine Company, used punch cards to read and record data. Thus, the storage market has evolved and in the present scenario, the user can save up to 1 GB of data free on cloud storage and access it from any remote location.
Factors such as rising need for big data storage and increasing adoption of cloud storage gateways are driving the demand for cloud storage solutions globally.
The cloud storage market has been segmented on the basis of types to solutions and services; on the basis of solutions into primary storage solution, backup storage solution, cloud storage gateway solution, and data movement and access solution; on the basis of services into consulting services, system and networking integration, and support training and education.
Cloud storage provides users with immediate access to a broad range of resources and applications hosted in the infrastructure of another organization via a web service interface. Cloud storage can be used for copying virtual machine images from the cloud to on-premises locations or to import a virtual machine image from an on-premises location to the cloud image library.
In addition, cloud storage can be used to move virtual machine images between user accounts or between data centres. Cloud storage can be used as natural disaster proof backup, as normally there are 2 or 3 different backup servers located in different places around the globe.
Users access cloud computing using networked client devices, such as desktop computers, laptops, tablets and smartphones and any internet enabled device such as Home Automation Gadgets. Some of these devices—cloud clients—rely on cloud computing for all or a majority of their applications so as to be essentially useless without it.
Some of the factors that encourage entrepreneurs to start their own cloud computing business could be the growing recognition of the economic and operational benefits and the efficiency of cloud-computing model that promises strong future growth.
As companies ease out gradually from economic uncertainties and financial shackles, widespread adoption of cloud services is in the offing. The pragmatic and successful adoption of this technology concept by early adopters will pave the way for mass enterprise adoption in upcoming years.
The transition of enterprises from virtual machines to the cloud will additionally extend the impetus required for strong growth.
Poised to score the maximum gains will be end-to end cloud-computing solutions that offer complete functionalities ranging from integration of internal and external clouds, automation of business critical tasks, and streamlining of business processes and workflow, among others.
Over and above, starting a cloud computing company requires professionalism and good grasp of the ICT industry. Besides, you would need to get the required certifications and license and also meet the standard security expected for players in the industry in the united states; the industry is heavily regulated to guide against fraud and criminality.
2. Conduct Market Research and Feasibility Studies
- Demographics and Psychographics
The demographic and psychographics composition of those who require the services of a cloud computing company is not restricted to people and organizations in your immediate community or state, but it cuts across people and organizations who have one or more things to do with the internet from all over the world.
This is so because cloud computing is an internet based business hence they work for people and organization all across the globe.
So, if you are looking towards defining the demographics for your cloud computing company, then you should make it all encompassing. It should include business oriented people and organizations within and outside the United States who run a 21 st century business.
3. Decide Which Niche to Concentrate On
Cloud computing as a whole is a hosted infrastructure; it uses the internet in order to deliver IT services, thus eliminating capital expenditure (CAPEX) on infrastructure. It also helps in ensuring consumption-based billing, and is witnessing increasing adoption in a number of end-use sectors including government organizations.
This is expected to be the key driving force for the market in the coming years. Concerns regarding security, privacy, and data access are the major restraints to market growth, since they may adversely affect business performance. Niches or ideas that may make you stand out in this vast industry includes.
- Medical Cloud computing
- Social media cloud computing
- Cloud computing consultancy
- Large companies cloud computing
- Small business cloud computing
- Cloud computing for Universities
- Tax cloud storage and computing etc.
The Level of Competition in the Industry
The level of competitions in the cloud computing services industry does not in any way depend on the location of the business since all cloud computing companies can operate from any part of the world and still effectively compete in the global market.
When it comes to cloud computing services, distance is never a barrier when competing for clients especially international clients.
What most clients (individual and corporate clients want is safe, secured and seamless services, hence they are ready to hire the services of a cloud computing company no matter the part of the world they operate from as long as they have good track record and can deliver excellent results when it comes to seamless data transfer and security amongst other services.
But over and above, there are several cloud computing companies scattered all around the United States and in the cyber space. So, if you choose to start your own cloud computing company in the United States, you will definitely meet stiffer competitions not only amongst cloud computing companies in the United States, but also all over the globe.
Besides, there are larger cloud computing companies that determines the trends in the industry and you should be ready to compete with them for clients.
4. Know Your Major Competitors in the Industry
In every industry, there are always brands who perform better or are better regarded by the customers and general public than the others.
Some of these brands are those that have been in the industry for a long while and so are known for that, while others are best known for how they treat their customers. These are some of the leading cloud computing companies/brands in the United States of America and also in the globe;
- Akamai Technologies Inc.
- Amazon Web Services LLC
- CA Technologies
- Flexiant Ltd.
- Google Inc.
- Hewlett-Packard Development Company L.P.
- IBM Corporation
- Joyent Inc.
- KloudData Inc.
- Layered Technologies Inc.
- Microsoft Corporation
- Netsuite Inc.
- Novell Inc.
- OpSource Inc.
- Oracle Corporation
- Rackspace Hosting Inc.
- Red Hat Inc.
- Skytap Inc.
- Terremark Worldwide Inc.
- Yahoo! Inc.
Economic Analysis
Cloud storage and Hosting is one of those innovations borne out of the need for companies to reduce cost of operation. Cloud computing makes it possible for companies to cut down on overhead cost by conducting the computer-related aspects of their business virtually.
Cloud computing allows you to entrust the computer-related aspect of your business into the hands of third party providers while you focus on other aspects of your business like beating the competition and increasing profits. The services or applications that organizations are moving to the cloud are largely dependent on company size and industry.
For instance, storage is the primary service for 40 percent of small businesses and 35 percent of mid-sized businesses, whereas large businesses and the federal government are first and foremost going to the cloud for conferencing and collaboration applications (40 percent and 39 percent, respectively).
Organizations are also turning to the cloud for messaging, office and productivity suites, and business process apps and computer power.
However, reducing IT operating costs is only one of several cloud benefits, according to cloud users surveyed by CDW. In fact, organizations implementing or maintaining cloud computing point to increased efficiency (55 percent), improved employee mobility (49 percent), increased ability to innovate (32 percent) and freeing current IT staff for other projects (31 percent) as the top benefits.
Reduced IT operating costs come in fifth on the list of benefits (25 percent). Business operations frequently must balance between fixed costs, concrete and intangible inventories, and unforeseen operational costs. Fixed costs can include information processing, file retrieval and data storage.
Before the advent of modern information technology space was needed for filing cabinets and document storage in the form of boxes or containers.
The progression of electronic media capacity and the Internet’s influence on business transactions presents many advantages to improve data handling. Instead of paying rental fees for a building or storage facility, organizations now have the option of paying for cloud server storage.
The cost of a cloud server is much smaller than the cost of a lease or payment for physical facilities which also requires the maintenance and monetary investment of often multiple individuals to care for both the property and the documents.
5. Decide Whether to Buy a Franchise or Start from Scratch
When it comes to starting a business of this nature, it will pay you to buy the franchise of a successful cloud computing company/brand as against starting from the scratch. Even though it is expensive buying the franchise of a cloud computing company, but it will definitely pay you in the long run.
While the term ‘cloud computing’ is new, the concept of sharing by multiple businesses and locations via secure remote centralized data centres has been around since the mid-1960s (someone say ‘time-sharing’).
In the full sense, cloud computing today underscores a paradigm shift from local office computing systems that are on-site to a “utility computing” model in which shared and scalable computer infrastructure, software and business processes are provided via the Web for a monthly or annual fee.
This is why buying into a franchise in this industry is better than starting from the scratch because unlike starting from the scratch, buying into a franchise offers you the following benefits; Easy access, Integrated applications, Flexible and scalable VOIP Unified Telephony, and Security.
6. Know the Possible Threats and Challenges You Will Face
If you decide to start your own cloud computing company today, one of the major challenges you are likely going to face is the presence of well – established cloud computing companies who are offering same services that you intend offering. The only way to avoid this challenge is to create your own market.
Some other threats that you are likely going to face as a cloud computing company operating in the United States are unfavourable government policies, the arrival of a competitor within your location of operation and global economic downturn which usually affects purchasing/spending power.
There is hardly anything you can do as regards this threats other than to be optimistic that things will continue to work for your good.
7. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp)
When considering starting a cloud computing company, the legal entity you choose will go a long way to determine how big the business can grow; some cloud computing companies design their business and services for regional/community market, some for national market, while others for international market.
Generally, you have the option of either choosing a general partnership, limited liability company which is commonly called an LLC, or a sole proprietorship for a business such as a cloud computing company.
Ordinarily, general partnership should have been the ideal business structure for a small – scale cloud computing company especially if you are just starting out with a moderate start-up capital. But people prefer limited liability Company for obvious reasons.
As a matter of fact, if your intention is to grow the business and have clients both corporate and individual from all across the United States of America and other countries of the world, then choosing general partnership is not an option for you. Limited Liability Company, LLC will cut it for you.
For example, Setting up an LLC protects you from personal liability. If anything goes wrong in the business, it is only the money that you invested into the limited liability company that will be at risk. It is not so for sole proprietorships and general partnerships.
Limited liability companies are simpler and more flexible to operate and you don’t need board of directors, shareholders meeting and other managerial formalities.
These are some of the factors you should consider before choosing a legal entity for your cloud computing company; limitation of personal liability, ease of transferability, admission of new owners and investors’ expectation and of course taxes.
If you take your time to critically study the various legal entities to use for your cloud computing company, you will agree that limited liability company; an LLC is most suitable. You can start this type of business as limited liability company (LLC) and in future convert it to a ‘C’ corporation or an ‘S’ corporation especially when you have the plans of going public.
Upgrading to a ‘C’ corporation or ‘S’ corporation will give you the opportunity to grow your cloud computing company so as to compete with major players in the industry; you will be able to generate capital from venture capital firms, you will enjoy separate tax structure, and you can easily transfer ownership of the company; you will enjoy flexibility in ownership and in your management structures.
8. Choose a Catchy Business Name
Generally, when it comes to choosing a name for a business, it is expected that you should be creative because whatever name you choose for your business will go a long way to create a perception of what the business represents.
Usually it is the norm for people to follow the trend in the industry they intend operating from when naming their business. If you are considering starting your own cloud computing company, here are some catchy names that you can choose from;
- Santa Fe Cloud Computing Company, LLC
- Andrew & Chris ICT Company, LLP
- Triple Gee Technologies, LLC
- Cast ICT Solutions, Inc.
- Periscope Cloud Computing, LLC
- Little Joe & Co Group, LLP
- Orange ICT World Wide, Inc.
- Dane Damply ICT Services Co.
- Space Wagon ICT Corporation, Inc.
- Prime Edge ICT Consulting, Inc.
- Kent Bush Cloud Computing Company
- Binary ICT Solutions Ltd.
9. Discuss with an Agent to Know the Best Insurance Policies for You
In the United States and in most countries of the world, you can’t operate a business without having some of the basic insurance policy covers that are required by the industry you want to operate from. So, it is imperative to create a budget for insurance policy covers and perhaps consult an insurance broker to guide you in choosing the best and most appropriate insurance policies for your cloud computing company.
Here are some of the basic insurance policy covers that you should consider purchasing if you want to start your own cloud computing company in the United States of America;
- General insurance
- Health insurance
- Liability insurance
- Workers Compensation
- Overhead expense disability insurance
- Business owner’s policy group insurance
- Payment protection insurance
- E&O Insurance.
- Cyber Liability Insurance (Data Breach Insurance).
- Fidelity Bond Insurance.
- Employment Practices Liability Insurance.
10. Protect your Intellectual Property With Trademark, Copyrights, Patents
IT professionals know that handing data over to a third-party is always risky, but cloud storage and hosting creates unique concerns for IP.
Protecting your intellectual properties can be stressful but in the modern world where ideas and patents are being stolen on daily basis you need to consider protecting your hard-earned intellectual property rights. If you want to protect your intellectual properties; company’s logo and other documents or software that are unique to you or even jingles and media production concepts, then you can go ahead to file for intellectual property protection.
If you want to register your trademark, you are expected to begin the process by filing an application with the USPTO. The final approval of your trademark is subject to the review of attorneys as required by USPTO.
11. Get the Necessary Professional Certification
Aside from the results you produce, professional certification amongst key members of staff is one of the main reasons why most cloud computing companies stand out. If you want to make impact in the cloud computing services industry, you should work towards acquiring all the needed certifications in your area of specialization.
You are strongly encouraged to pursue professional certifications; it will go a long way to show your commitment towards the business. These are some of the certifications you can work towards achieving if you want to run your own cloud computing company;
- CCSK — Cloud Security Alliance
- Cloud U – Rackspace
- CompTIA Cloud Essentials — Comp TIA
- Cloud Certified Professional — CloudSchool.com
- IBM Certified Cloud Solution Architect v1 and v3 – IBM
- com Certified Professional — Salesforce.com
- VMware Certified Professional – Vmware
- Red Hat Certificate of Expertise in Infrastructure-as-a-Service — Red Hat
Please note that the higher your qualifications and experience (expertise), the easier it is for you to secure high profile cloud computing deals from corporate clients.
12. Get the Necessary Legal Documents You Need to Operate
The essence of having the necessary documentation in place before launching a business in the United States of America cannot be overemphasized. It is a fact that you cannot successfully run any business in the United States without the proper documentations.
If you do, it won’t be too long before the long hand of the law catches up with you. These are some of the basic legal documents that you are expected to have in place if you want to legally run your own cloud computing company in the United States of America;
- Certificate of Incorporation
- Business License and Certification
- Business Plan
- Non – disclosure Agreement
- Employment Agreement (offer letters)
- Operating Agreement for LLCs
- Insurance Policy
- Consulting contract documents
- Online Terms of Use
- Online Privacy Policy Document
- Apostille (for those who intend operating beyond the United States of America)
- VAT registration
- Federal tax identification number
13. Raise the Needed Startup Capital
No doubt when it comes to financing a business, one of the first things and perhaps the major factor that you should consider is to write a good business plan.
If you have a good and workable business plan document in place, you may not have to labour yourself before convincing your bank, investors and your friends to invest in your business. Here are some of the options you can explore when sourcing for start – up capital for your cloud computing company;
- Raising money from personal savings and sale of personal stocks and properties
- Raising money from investors and business partners
- Sell of shares to interested investors
- Applying for loan from your bank/banks
- Pitching your business idea and applying for business grants and seed funding from donor organizations and angel investors
- Source for soft loans from your family members and your friends.
14. Choose a Suitable Location for your Business
Cloud computing business and most ICT services based type of businesses does not necessarily require that you see physically with your clients hence it can be located anywhere since most of your business deals are conducted over the internet.
The fact that you can operate your cloud computing company from your home does not mean that location has little influence on the success of a cloud computing company.
If you have taken your time to study the cloud computing services cum ICT services providers’ industry, you will realize that players in this industry are willing to pay expensive rents in order to stay in a busy business district or ICT hub; a place where business activities and ICT activities are at its peak.
It cannot be overemphasized that the location you chose to open your cloud computing company is key to the success of the business, hence entrepreneurs are willing to rent or lease a facility in a visible location; a location where the demography consists of people with the required purchasing power and lifestyle.
If you make the mistake of renting or leasing a facility for your cloud computing company in a not too visible or hidden location simply because it is cheap, then you must be prepared to spend more in promoting the business and perhaps giving direction to potential clients.
It is important to note that a business facility in good location does not come cheap hence you should be able to allocate enough fund for leasing/renting in your budget.
If you are new to the dynamics of choosing a location for a business such as cloud computing company, then you should feel free to talk to a business consultant or a realtor who has a full grasp of the city and perhaps country you intend starting your cloud computing company.
So, if you are looking for a location for your cloud computing company, ensure that it is a place that is located in a business district/ICT hub in your city, a place that is visible and easily accessible. Of course, you would not want to locate this type of business in the outskirt of town.
Your clients should be able to drive down and locate your office with little or no difficulty. Vendors also should be able to easily locate your office when they have to come submit their bid/proposals, documents or for background checks et al.
15. Hire Employees for your Technical and Manpower Needs
Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of accessible interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. Cloud storage services can be utilized from an off-premises service (Amazon S3) or deployed on-premises.
Cloud storage typically refers to a hosted object storage service, but the term has broadened to include other types of data storage that are now available as a service, like block storage. Cloud computing resources can be rapidly provisioned and released with minimal management effort or service provider interaction.
This means that an organization can use more or fewer servers, stores, applications, or services, and can configure the ones it uses to meet its requirements when it wishes to do so, and without major effort. Cloud computing has five essential characteristics.
They are on-demand self-service, broad network access, resource pooling, rapid elasticity, and measured service. These are the features that distinguish it from other computing models. It has three service models. These are the basic kinds of service that cloud service providers provide.
They are Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). When it comes to choosing between renting and leasing an office space, the size of the cloud computing company you want to build, and your entire budget for the business should influence your choice.
If you have enough capital to run a standard cloud computing company, then you should consider the option of leasing a facility for your office; when you lease, you will be able to work with long – term planning, structuring and expansion. As regards the number of employees that you are expected to kick start the business with, you would need to consider your finance before making the decision.
Averagely, you would need a Chief Executive Officer or President (you can occupy this role), an Admin and Human Resource Manager, Education Consultants, ICT Consultants, Business Development Executive/marketing Executive, Customer Service Officer or Front Desk Officer, and Accountant.
Over and above, you would need a minimum of 8 key staff to effectively run a medium scale but standard cloud computing company.
The Service Delivery Process of the Business
Widespread cloud computing is made possible by the Internet, and this is the most common way of accessing cloud resources. Intranets and dedicated networks are sometimes used too, in the case of a private cloud. When you get into cloud hosting these server farms behave as one large storage space and processor.
The actual website data (such as HTML/CSS files, images, etc.) is spread out over a cluster of hard drives connected together, much like one virtual disk with tremendous capacity. Server clusters can provide a cloud setup with literally unlimited machines to run through. You could also build a cloud space with just 5-10, so the methodology is scalable to boot.
You may be wondering how the combination of multiple server environments will scale as any cloud system grows in size.
The distribution of power and storage capacity is often controlled by a backend software OS/system. The server admin would be able to log into the backend via terminal and check CPU load of all the machines, along with other vital system information.
This process is called virtualization which provides a layer of abstraction between the software and hardware components. Cloud server administrators can easily optimize the cluster for storage efficiency, optimal energy usage, data backups and more.
It is important to state that a cloud computing company may decide to improvise or adopt any business process and structure that will guarantee them efficiency and flexibility; the above stated business cum services process is not cast on stone.
16. Write a Marketing Plan Packed with ideas & Strategies
As a cloud computing company, you would have to prove your worth over and over again before you can be awarded any cloud computing contracts from corporate clients. So, if you have plans to start your own cloud computing company, it will pay you to first build a successful career in the ICT industry.
People and organizations will hire your services to help them handle all their cloud computing needs if they know that they are going to get value for their money.
So, when you are drafting your marketing plans and strategies for your cloud computing company, make sure that you create a compelling personal and company profile. Asides from your qualifications and experience, it is important to clearly state in practical terms what you have been able to achieve in time past as it relates to cloud computing services and the organizations you have worked for.
This will help boost your chances in the market place when sourcing for cloud computing contracts et al. Please note that in most cases, when you bid for cloud computing contracts from corporate organizations, you will be called upon to defend your proposal, and so you must be pretty good with presentations. Here are some of the platforms you can utilize to market your cloud computing services;
- Introduce your business by sending introductory letters alongside your brochure to all the corporate organizations, small scale businesses and the international business community in the United States
- Promptness in bidding for cloud computing contracts from corporate organizations
- Advertise your business in relevant ICT magazines, radio stations and TV stations (make yourself available for ICT related talk shows and interactive sessions on TV and Radios)
- List your business on local directories/yellow pages
- Attend international ICT expos, seminars, and business fairs et al
- Create different packages for different categories of clients in order to work with their budgets
- Leverage on the internet to promote your business (when you blog regularly on key issues as it relates to your business, people would consider you an expert in the field)
- Join local chambers of commerce and industries around you with the main aim of networking and marketing your services; you are likely going to get referrals from such networks.
- Engage the services of marketing executives and business developers to carry out direct marketing
17. Develop Strategies to Boost Brand Awareness and Create a Corporate Identity
If you are in business and you are not deliberate about boosting you brand awareness and communicating your corporate identity, then you should be ready to take on whatever the society portrays your business to be.
One of the secrets of larger corporations is that they are willing to spend fortunes year in and year out to boost their brand awareness and to continue to communicate their corporate identity the way they want people to perceive them to be.
If your intentions of starting a cloud computing company is to grow the business beyond the city where you are going to be operating from to become a national and international brand, then you must be ready to spend money on promotion and advertisement of your brand.
In promoting your brand and corporate identity, you should leverage on both print and electronic media and also the social media (the internet). As a matter of fact, it is cost effective to use the internet and social media platforms to promote your brands, besides it is pretty much effective and wide reaching.
Another strategy is to sponsor relevant community based programs, TV and radio programs, advertise your business in relevant magazines and newspapers. Below are the platforms you can leverage on to boost your brand and to promote and advertise your business;
- Place adverts on ICT magazines and related newspapers, radio stations and TV stations.
- Encourage the use of word of mouth publicity from your loyal customers.
- Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote your business.
- Ensure that we position your banners and billboards in strategic positions all around your city.
- Distribute your fliers and handbills in target areas in and around your neighbourhood.
- Contact corporate organizations, small businesses and the international business community et al by calling them up and informing them of your organization and the cloud computing services you offer.
- Advertise your business in your official website and employ strategies that will help you pull traffic to the site
- Brand all your official cars and ensure that all our staff members and management staff wear your branded shirts or caps at regular intervals.
IMAGES
COMMENTS
A Sample Cloud Computing Business Plan Template 1. Industry Overview. The global cloud storage market is expected to grow from USD 18.87 billion in 2015 to USD 65.41 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.2 percent.
This Cloud Business Plan Template is designed to enable the raising of financing to aggressively pursue the Cloud business opportunity. As is evident from an examination of all successful Cloud players, the need to finance growth is primarily driven by the need to outlay cash upfront to aggressively acquire customers, and
Download the Ultimate Cloud Computing Business Plan Template here > Why Write a Business Plan For a Cloud Computing Business? There are many reasons to write a business plan for a cloud computing company, even if you’re not looking for funding. A business plan can help you see potential pitfalls in your business strategy, as well as identify ...
How to Write a Cloud Computing Business Plan [Sample Template] Are you about starting a cloud computing business? If YES, here is a complete sample cloud computing business plan template & feasibility report you can use for FREE. Okay, so we have considered all the requirements for starting a cloud computing business (proûtableventure/starting ...
Writing a business plan for your new Cloud business, your parent company spinoff, your newly-merged organization or your new business practice can be a daunting task. We hope this business plan template will guide you through this process, and will help you to effectively crystalize and articulate your vision so that you can share it with others.
If YES, here is a complete guide to starting a cloud computing business with NO money and NO experience plus a sample cloud computing business plan template. If you are ICT inclined and you are looking for a business to start as an aspiring entrepreneur, then you don’t need to look far because there are loads of businesses in the industry ...