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Business Management Solved

Referencing Styles : Harvard | Pages : 2
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Executive summary

The purpose of this business report proposal is to raise 100,000 dollars for the development of investigating department for Ashland Law firm.it will also show case the projected financials and the operations over the next 3 years. The law company is a New York that represents clients in the various cases. The essences of the department of private investigation is to provide services to both the individuals and attorneys in the targeted market (Barton, 2016). John Doe founded the law firm in the year 2009. The primary sources of the revenue of the Company will come the services offered from the private investigations of the people as requested by the attorneys and other individuals who may seek the services. Nonetheless, the management expects that a portion of the revenues will come from individuals who are separated and those who are planning to divorce due to the infidelity. (Barton, 2016) Many of the attorneys more often hires the private investigation firms to gather for them evidence of the issues of infidelity to be able to present the findings to the court hearings. Moreover, this department would also provide the ancillary services example the surveillance. (Evans, 2015) Nonetheless, all the time the private investigation department will comply with all the state and the laws of federal regarding matters of investigations. It is also important to note this plan would look at the various aspects like the structure, the estimated costs, the timeline for the project, how am involved in this project and the benefits that is strived from this proposal. Nonetheless, it is important to look at the services that are provided by this department (Evans, 2015).

Proposal development

This proposal has been developed by Larry Ferguson directorate center. The project was identified at a workshop that was held to meet the growing number of the clients. (Ferraro and Brody, 2015) The number of the divorce cases were increasing in the firm and the firm needed a department to cater for investigation to be aligned as evidence in the courts. The directorate center have reported on the progress and have sought the advice from the firm on a number of occasion. The management of the company was also involved in the development of the plan in some ways. (Ferraro and Brody, 2015)The co-founder of the company John Doe has experience for more than ten years through the expertise he has he would be able to bring the operation of the business to the profitability. He has offered advice on to develop the proposal for the department of private investigation in the company. The essence of the development of the plan to make the law firm to be recognized as the local leader to their targeted market for the services of private investigation and other related service to their clients (Sahlman, 2008).

Structure

In regards to the structure, the company aim in the establishment of a department of private investigation to probe the problem faced by the company in outsourcing the services from other company, which may be costly. The services that are aimed in the establishment of this department in the company are the surveillance, the background checks, and other services that are legally allowable in accordance to the private investigation federal law (Sahlman, 2008).The management of the organization will foresee the operation of this department of the organization. Nonetheless, they will hire various head to foresee the operation of the department effectively. There would be head to head the computer forensics wing, corporate investigations. Forensic accounting and the legal Surveillance Services. Besides, there are personnel who would be hired to carry the ancillary services that regards the testimonies of the experts and the testimonials in regards to findings, which were discovered in the course of the private investigation (Simón and Revuelto, 2016). This structure of this department would be provided with all the support by the management to effectively carry their duties so that cases of the clients can be effectively be represented in the court hearing without prejudice nor favor.

Estimated cost

The co-founder of the company Mr. Doe is seeking to raise a bank loan of 100,000. The interest and the agreement in regards to the loan are to be discussed further through a negotiation. The business proposal plan it assumes that the business would receive a 9-year-old loan that has a fixed interest cost of 8.5% and the finances obtained would be used for the following; one of the aspect is for the development of the offices in the company for the new department. The second purpose it is for financing for the next six months of operation for the new department. Moreover, it would be used for the purchase of the equipment for the surveillance and the new company vehicles. Besides, Mr. Doe pledge he would contribute from his part 10000 dollars towards the venture.

Sales forecasts (cost and benefits analysis)

The firm expects a high growth rate at the start of the operation of the new department. They also expect the customer growth to increase significantly over the next six months. Below is the expected financials for the next three years.

Proforma profits and loss on yearly basis

Year

2009

($)

2010

($)

2010

($)

Sales

501,000

520,234

590,432

Operating costs

340,000

361,342

370,234

EBITDA

161000

158892

220198

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