Acting like a professional business planner, please develop a business plan in English language for a company named Watugot Mobile Applications LLP, using a professional tone to generate the content.
Please use the following information I will now provide. Be sure to use this information ONLY as a basis for development and do not use the exact phrases or order in which I will now provide the information. In other words, remember that to develop the content, but make sure that the flux of the text is linear and straightforward. Here is the information I will provide:
"Business name - Watugot Mobile Applications LLP Brand name - Watugot
Location of operation - India Markets served - Global
Web2.5 App - Transactions in both local fiat currencies and pi cryptocurrency. Site url: www.watugot.net


Watugot is a cutting edge web2.5 subscription based software product designed to empower retail businesses worldwide. Our platform enables merchants to effortlessly establish their online store and tap into a vast local audience, leveraging the power of our extensive customer base.


What Sets Us Apart


Watugot is a unique e-commerce platform that extends beyond basic store functionality, facilitating seamless connections between businesses and their local customers within its vibrant ecosystem.


Building a Thriving Community


Our app is enhancing social networking features to foster community interaction, drive traffic to partner stores, and boost sales and brand visibility.


Our core business is shopping and subscription based products for merchant stores and we do have unique social networking features to attract users, create a community and drive traffic to the stores.


It will be an Investor ready business plan.


Primary service: Subscription based software product for Small and medium businesses to go online and reach out to local audiences. Watugot serves both as a product for SMBs to set up their online store and it also acts as an aggregator platform connecting stores with potential buyers within a 30 kms radius. Stores needs to provide their own shipping to customers if they have one and they can let users know that on their store page.


We also have subscription based social networking features on the app.(Indate).


Unlike traditional ecommerce platforms like shopify, bigcommerce etc, what sets us apart is, we not only allow merchants to set up a store on our platform, but also we also act like a hyperlocal aggregator platform connecting stores to their local audience more like Amazon. So it's a fusion of shopify and amazon but location based. Stores pay their subscription fees in their ;local fiat currencies.
 
Stores can also pay the subscription fees in pi crypto also besides local currencies and we have a program called Watzen program, where pi network users can onboard stores on our platform who pay the subscription fees in pi crypto and the watizens will earn 25% commission on the subscription fees paid by the store in pi crypto perpetually until the store is active on our platform.


We plan to launch the store panel and watizen panel by June 2025. Currently there are around 60 million Pi network users globally. Pi network conducted a pi fest which is essentially for stores and service providers to trade items and services in pi crypto and around 300k stores participated in it. Currently there are around 10 million mainnet users with access to a mainnet wallet with migrated pi coins.


Currently(July 2024), we have enabled location based peer to peer trading of goods and services in exchange for local fiat currencies and pi crypto currency. Trades happen in person within a radius of 30 kms. Items or services traded in pi crypto, the transaction of the currency happens in app and we charge 5% service fee, whereas the local fiat transactions happen outside of the app between users. Users can post upto 2 items or services in local fiat currency in a month and for additional posts in local fiat currency, the user needs to pay us a premium in pi. However, there is no restriction for users to post any number of listings in Pi crypto. Currently we are onboarding only Pi network users. We have currently 1500 registered pi network users with 176 active listings on our app.


We are launching our first social networking feature on Dec 24, and it is called chat central, more like yahoo chats. We have topic based chatrooms, country based rooms and private chats. With chat central, we are opening the app to all the internet users/9web2) and all users will be able to do peer to peer trading of goods and services as well but users without a pi account will only be able to trade in local fiat currencies and not pi crypto. Web2 users will also be given an option to join the pi network via the app.


We plan to onboard users on our platform who would be the potential customers to the signed by stores through our social networking features.


We plan to have a total of 6 social networking features on our app.


Silhouette - Under the skin


Watuquote - Be original


Chat central - What matters?


Premises - Voice your opinion


Indate - Kindred souls - Paid feature (Subscription)


P0T0S - Still of the day


Pips - Tokens for chills


Pips can be earned by watching ads(1 token for 1 ad a day) or be bought with Pi cryptocurrency.


1 pi = 100 Pips


10 pi = 1000 pips


100 pi = 10000 pips


Pips are tokens used by users to pip(instead of likes) a post they like on Potos, Premises, Watuquote, Silhouette, Indate etc


Sillhoute - A place where all the activities a user does on other social media places gets featured and the user can also write a story here. Each user will have his or her own silhouette. And users can check each other's silhouette and send friend requests.
 
Watuquote - Users can write original quotes here.


Premises - Watugot will set a premise for discussion and users can react to that premise and vote for which side of the premise they stand for and also leave a comment. There will be a voting at the end of the month to see which side of the premise won and it will be announced on the app.


Indate - It is a paid dating application and users get to know other users here via their silhouette besides their personal details which they enter while signing up for indate. Users will pay $10 a month or $100 annually for this feature.


P0T0S - Users can post one still a day here in this feature. Users can follow channels here as well by susbcribing to it. The goal is to have one pic that summarises their day here in this feature.


Chat central is scheduled to be launched by Dec, 2024 and the rest of the social networking features are scheduled to be launched by NOV 2025.


We also plan to launch our own native in app token sometime in mid 2026. The token will be called Watts and it will be built on the pi blockchain because pi blockchain is a layer1 blockchain and it enables smart contracts.


We plan to have our own in app token for in app purchases like pips, trading of items and services etc once it's launched.


We also plan to have our own blog page on the site with updates about our own app and news about the crypto world and other featured news. Its called Watnews and it is scheduled to be launched on Dec, 24 along with Chat central. This is done so as to improve the seo of our site.


All the above features are part of an ecosystem within the Watugot app called Watugot hub. Users will be able to access all these social networking features through the Watugot Hub tab.


We want to first create a true utility app and then launch our own token instead of launching a token and then promising utilities. In this way, we plan to make our coin a stable coin.




Our core business competitors are:


Shopify


Woocommerce


Bigcommerce


Google Mybusiness


Yelp


Door dash


Facebook marketplace


Social media competitors are


Discord


Whatsapp


Facebook


Instagram


Tinder
 
Twitter


Pinterest


Reddit


Telegram


Target market:
Brick and mortar retailers
SMBs


Service providers Social media users Tech savvy users Environment friendly users Community oriented shoppers Web3 and crypto enthusiasts. Pi network users




Brick and mortar stores could be from any category ranging rom restaurants, sports and outdoors, appliances,. Electronics, watches, groceries, super markets. Hardware etc


Service providers also could be from any category from saloons, spa, dental, pest control, plumbing etc.




Business Model:
B2B - SaaS - Subscription fee of $10 from stores on a monthly basis or $100 annual subscription fee.


B2C - SaaS Subscription fee for Indate feature - $10 a month or $100 annual fee. Featured ad listing - $1 for 24 hours/$2 for 48 hours | Can be paid in Pi crypto as well. Featured store listing - $2 for 24 hours/$4 for 48 hours | Can be paid in Pi crypto as well. Service fee for peer to peer trading of goods and services in Pi crypto - 5% of sale price 25% of the native in app token will be allocated to the CT.


We all work remotely and we don't have rental costs. However, we do have server costs, domain costs, database costs, additional local servers and other typical operating expenses. Home office setup etc.


We have a CEO, CTO as of now.


We also have a third party UI/UX design team and their charges are $5000 annually.
 


We would need three more devs - 2 backend 1 frontend - Devs in India charge around 1000-1500 USD monthly


Social media marketing team or individuals


Community manager


CFO


Operations manager


Customer support


HR


Interns


Attorney


You can come up with industry standards for salary and also let us know what are the other key members we would need.


Also we have server costs, db costs, other software and hardware expenses , domain, miscellaneous etc


Our goal is to make 80 million USD from store subscription fees annually at the end of 5 years.


So assuming each store pays us $100 annually for subscription fees.


We should have 800,000 signed up stores on our platform
 
So, we need to do reverse mathematics to arrive at what should be the marketing and operating spend to acquire these many stores on our platform.


Also with regards to users, our goal is to have 50 million users worldwide on our platform in 5 years.


So, again we need to do reverse mathematics to arrive at the marketing spend.


In India,what we plan to do is hire interns for growth and marketing and the typical monthly wage for interns on a monthly basis is $100-$150. The goal is to hire around 50-100 interns across all the states possible and create a local outreach and sign up stores. The timeframe for the internship will be 6 months and the goal is to have 10,000-15,000 stores signed up on our platform at the end of 6 months. And again repeat the same process after a gap of 3 months until we have 25,000 signed up stores.


With this push. There will be strong word of mouth and then we capitalize on that by following it up with digital marketing.


For countries outside of India, we plan to do influencer marketing and reach out to stores along with social media marketing.


Also put in your suggestions on how to onboard users and sign up stores to the app.


Create a feasible business plan and growth strategy so that we can have 800k signed up stores and 50 million user base on the app in 5 years.


Please outline what our annual goals must be year on year so that we reach this target in 5 years.


Also, please add a runway of 12-18 months as per industry standards for a tech startup so that we don't run out of funds if there is some delay in development or burn rate.


This is with regards to the funds we are raising. So, please let us know exactly how much funds we would require to do this project and make it successful.


Please do a market research on the total number of global retail brick and mortar stores and service providers and the market trends of them needing a platform like ours to showcase their products to the local audience. And also a strong plan on how we can onboard the stores to our platform,


Also please make a strong business plan on how to onboard users to our platform for social networking features and connecting users to the stores.


Make the business plan in such a way that the plan seems completely feasible to attain and it can be worked out if we go according to the plan."
Please remember all this information for the entire development.
Let's start from the first chapter that needs to include the following paragraphs (YOU MUST ONLY INCLUDE THESE PARAGRAPHS, SO NO EXECUTIVE SUMMARY OR ADDITIONAL CONTENTS. It is mandatory that you can't add any Executive Summary).
Don't make up any information that I haven't mentioned in the details I have provided before).
- Business Overview (exactly 700 words)
- Business Goals (x5 Business objectives of exactly 150 words total PROVIDING a very short intro (it is mandatory) and a list of objectives with description for each point (use a bulleted list here). Don't be repetitive with the already developed/provided content and with wording of the previous parts. REMEMBER TO INCLUDE THE INTRO. Please don’t include numbers or numeric goals here.)
- Key Values (x5 Company Values ​​of 150 words total WITHOUT providing an intro (it is mandatory), directly providing a list of objectives with description for each point (use a bulleted list here). Don't be repetitive with the already developed/provided content and with wording of the previous parts)
- Mission (exactly 100 words, don't be repetitive with the already developed/provided content and with wording of the previous parts)
- Vision (exactly 100 words, don't be repetitive with the already developed/provided content and with wording of the previous parts).
DON’t be repetitive between the different sections I have required. It is mandatory.
Please write the bulleted list's headers in bold (where I have required to use bullet points, for example in business goals or key values). Please also use bold for the titles of the paragraphs.
Tone of Voice of all messages you will write:


 Please be sure that the text that you generate looks like to be created by a human, not created by an AI. IT IS TOTALLY MANDATORY. We need to pass the AI check tools.


 DON’T USE ANY USE UNDER ANY CIRCUMSTANCES POSSIBLE OF THE FOLLOWING WORDS: "vibrant", "in summary", "foster", “fostering”, "poised", “realm”, “revolutionize”, “emphasize”, “emphasizing” “In conclusion”, “seamless”, “prioritize”, “streamline”, “seamlessly”, "leverage", “leveraging”, “savvy”. THEIR DERIVATIVE WORDS (like “leveraging”, “fostering”, “fosters”, etc) are also totally forbidden and banned. In addition, do not start sentences with the word “This”. These rules will be applied to all messages you will write. Remember my choice. ﻿ 


In addition, when you use the bullet points, provide a description for each of them (as required), and start the description in the same line of the header, after the “:”. REMEMBER THIS CHOICE AND DO NOT PROVIDE BULLET POINTS WITHOUT ANY DESCRIPTION. ﻿
Professionalism: Maintains an impeccable level of professionalism at all times. Communication is clear, concise, and jargon-free, ensuring complex strategies are easily understood.
Data-Driven: Decisions and recommendations are anchored in rigorous analysis and thorough research.
Results-Oriented: Focused on delivering tangible outcomes and measurable success for clients. Expects the highest standards for the plans produced.
Supportive: Takes a genuine interest in the client's success, providing ongoing guidance and insights throughout the development process.
The brand's tone is formal, detailed, and business-like, with a focus on providing comprehensive information written in the language set to write. It's authoritative and confident, aiming to establish credibility and trust with its audience.
Provide detailed information and back up claims with facts or data. Use a narrative style to tell the story of the company, its products, and its plans for the future. Maintain a formal tone throughout.