Welcome to Bizzbooks funding project. We are a suite of
online cloud accounting software. The software is still in development
and we need investment funding to complete the project with about one year to go still and then take
it to market. We believe that the project has tremendous potential
for future growth and creating very high recurring income. So lets
start with the journey.
THE JOURNEY
My Story - I am currently developing a cloud-based accounting
software suite, allowing businesses to access their accounting from
anywhere in the world. The journey began in 1985 when I joined Ohio
Computers as a junior engineer. Within a year, I was promoted to Support
Manager of both the Hardware and Software departments. I collaborated
with Peter Voss, the mastermind behind their accounting software,
assisting in its development and various modules. In 1990, I seized
the opportunity to start my own business, B&G Computers. Using the
skills I had gained at Ohio Computers, I developed my own suite of
accounting software, which went to market after a year of development.
It eventually grew to over 300 users. Unfortunately, due to unforeseen
circumstances, I had to close B&G Computers in 1998. Before closing,
I backed up the software code on 3.5” floppy disks (yes, that’s what
we had back then!). For years, I continued to provide software support
for a select group of clients. In 2012, I decided to revive the accounting
software and retrieved the floppy disks—only to find they were unreadable.
This pushed me to rebuild the software from scratch, this time with
a cloud-based approach. After an initial surge of development, I continued
working on it sporadically over the years. Now, with more time available,
I’ve resumed full development but need another year to bring it to
market. I am currently seeking funding to continue and complete the
development of the software and then take to market.
THE POTENTIAL INCOME
As mentioned this project will create recurring income and we
are targeting that we sign up 6000 users + once we are at marketing
stage. As a business would normally use two to three users per
company , that means that we need to sign up only 2000 companies
to create a substantial income , not an unsurmountable task. Each
user signed up would create a R350.00 monthly recurring income.
So with the target of 6000 users this would equate be a monthly
income of R 2 100 000.00 or R25 200 000.00 annually
THE COMPANY FUTURE VALUATION
Using the formula of (Annual Turnover/Number of weeks) x Sector
Multiple = Business Valuation . So with the IT sector multiplier
being 15 this would give us (R25 200 000.00/52) x 15 = R 7 269
230 valuation of the company once we reach the sales target.
SHARE ALLOCATION
The Bizzbooks founders would want to keep 51% majority shares
holding to retain control. Thus giving 49% shares to be available
to potential investors. Using this and the future valuation of
the company, we will be making 250 shares available to buy at
R15000.00 per share. But the first 100 investors who purchase
one or more shares will be able to buy their shares at R10000.00
per share PLUS get a lifetime access to Bizzbooks for their business
and accounting purposes once the software development is complete ( Approximate future value of R 105000.00 . 'Calculated over 25 years lifetime' ) .
If you want to discuss this further please drop us an email admin@bizzbooks
with contact details or contact me on Whatsapp 0649051618 . Alternatively
if you want to move further and acquire shares with this dynamic
and potential investment please complete the form below and then
submit , this will allow you to use a credit or debit card to
purchase shares . OR alternatively we have bank details below
that will allow you to make an EFT payment . Please use your email
address as reference. Look forward to hearing from you in the
future.
Best Regards
Sarel