Table 4
Projected Demand
Year
|
Percentage of Purchases
|
Target
Population
|
Annual
Supply
|
2021
|
25%
|
119,872
|
29,968
|
2022
|
25%
|
128,263
|
32,066
|
2023
|
25%
|
137,242
|
34,311
|
Competition Analysis and Sale Projection
C.1. Competition Analysis
The following are the products of the competitors of the business:
Xero - It lets the user share access to the latest data and checks cash flow in real-time. It boasts a simple dashboard where you can easily view your bank balances, bills, invoices, and expenses. Xero also features an interactive graph to illustrate cash flow; you can also monitor specific data accounts from the dashboard.
QuickBooks - This software makes invoices, tracks sales and expenses, downloads banking transactions, and gives you access to business data on any mobile device. It also includes check printing and exporting data to Microsoft Excel.
FreshBooks - FreshBooks is accessible on your mobile device and desktop. It links all tools that small business owners need to send invoices, manage expenses and track it anytime, anywhere. Users can import their expenses from their bank account or credit card. It also features an easy and intuitive interface, data encryption, and automatic data backups to various data hubs for storage.
Sage One - It speedily records and categorizes income and expenses, links your bank and credit card accounts, generates accounting reports, and automatically applies payments against your invoices. Another feature that Sage One offers is that it sends invoices to customers, tracks invoices and email payment reminders, and accepts credit card payments through PayPal. It can also generate and manage tasks, and provide cloud-based collaboration for the team and its clients.
NetSuite ERP - NetSuite ERP is a recommended cloud accounting software for your small business if you’re anticipating rapid growth. It performs complex accounting tasks, expense management, revenue management and provides accurate insights of the company’s financial standing.
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