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Bitcoin as a Centrally Banked Currency

Essay by   •  January 16, 2018  •  Research Paper  •  578 Words (3 Pages)  •  833 Views

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Thank you. // It has been an honor to receive / such an overwhelming response to our Smart Desk system. // Congratulations, / on a truly ‘Smart’ Choice. //

I am proud to say / that we have successfully received the full investment amount of $75,800. //

Now that we have climbed this first step,/ we are even more excited to begin our journey with all of you on board!//

Currently / more than 5000 offices in the USA use our products. / We have already received pre-orders from 70 of these companies for the smart desks. / This new inflow of capital / will allow us to extend our capabilities / and capture the market at a much faster rate than our competitors. //

With this investment,/ we have decided to bulk buy our raw materials in the next two weeks./ This will bring the manufacturing cost down from 100$ to 90$ per product / and will increase our profits further by 15% on each product.// Our low prices will attract more customers / and set us apart from potential competitors. //

We will be establishing a fully functional sales team, / which will help us reach out to other companies,/ universities/ and medical centers. / This is expected to boost our sales / and increase the revenue by 60% / in the next fiscal year. //

We seek to keep innovating products and enhancing our customer experience. / A part of the funds worth 10,000$ / will be allotted to R&D for our next generation of Smart desks. / This will help us remain competitive / and ahead of the trends in the market. //

Further, we plan to expand to other countries in July next year. / We have observed / that countries with a per capita income of more than $50000 / have a higher demand for innovative products. / This is the main reason behind our strategy to expand to Japan,/ China,/ UK/ and South Korea. / We will establish our first warehouse in Japan in July / which is expected to cost $3000./ Analyzing the response in terms of demand and growth,/ we will expand one after the other to other countries. //

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