Building a Web Development Company Peter graduated with a degree in computer science three years ago and has been working as a web developer for a major software provider ever since. During his employment, Peter gained considerable experience in designing web based and e-commerce solutions. Leon, an economics student, met Peter at a collage. As an account manager in an advertising and marketing company, Leon maintains a large database of companies and has cultivated good relationships with most clients. Peter had successfully designed solutions for some clients referred by Leon. After initial success and seeing the number of potential clients, Peter and Leon decide to venture into the lucrative web development market and start their own web development company. Company VisionCompany NameThe company will bear the name "Web Solutions Plus". This name clearly reflects the type of business and the nature of the products and services. It also conveys richness and variety while leaving room to expand operations and provide additional services in the future. Mission Statement Using the slogan "Quality for the Financially Hard", Web Solutions Plus will provide products and services adhering to the latest technological standards in the web development industry at highly competitive prices. Products and Services Web Solutions Plus will provide cutting-edge web-based business solutions and consultancy services in web application design and management. The scope of operations will include website design and security, web application design and management e-commerce, intranet and database-driven client/server applications (accounting and inventory systems, billing and POS systems, payroll systems, customer lead generation systems) powered by a multitude of the latest web and database technologies. Market niche The company will target small and medium-sized businesses operating in any industry and will provide cost-effective solutions at competitive prices. This will be especially interesting for companies with limited budgets who have difficulty affording the solutions provided by major software vendors. Market research remains pending to have a detailed assessment of this segment. Competitors An initial assessment of the market shows an abundance of website designers and e-commerce solution providers. However there appears to be a limited number of web-based application providers targeting business operations such as POS and accounting systems. Again, this area requires in-depth market research for an accurate evaluation. Future Plans After achieving significant growth in the web development industry, Web Solutions Plus will consider expanding its business operations to include domain registration and Internet hosting services..