Voice Recognition Software Business Plan
Voice Control, Inc is a small business that inputs data into medical records for orthopedic surgeons. The voice recognition software business plan indicates the first 3 years net profits will be a loss of $1,500,000 in year 1, a negligible loss in year 2, breakeven in year 3, a year 4 profit of just over $3.000,000, and a year 5 profit of $7,000,000. The company currently has no loans, $1,600,000 in investment, assets worth $1,500,000, and expenses of $180,000. The company's objectives are to exceed $7,000,000 profit by year 5, as well as 13% medical records and 7% orthopedic dictation market penetration by year 5. The voice recognition software sample business plan marketing strategy is to target sub-specialty orthopedics through the use of trade shows and referrals with the company having developed a reputation of expertise in their market.
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