This report reflects the business idea and strategic plans which should be undertaken by entrepreneurs. It is considered that there are several internal and external factors which are considered by entrepreneurs while starting up new business in Australia such as capital requirement, micro and macro factors and growth of new business industry. This report reflects how well entrepreneurs could evaluate all the internal and external factors to start up new business in Australia. In this report, the main business idea which could be undertaken by the entrepreneurs is related to start up new Financial consultancy services business in Australia. This financial consultancy services business in Australia is gaining momentum throughout the time and helping new starts up to create value on their investments
Developed business plan
It is considered that business organizations are accompanied with the complex set of activities in which various functions are performed with a view to create value on the invested amount. With the ramified economic changes and increasing complexity of business, entrepreneurs are coming up in the market with the advanced business idea and developed strategic plan (Brigham & Gerhardt, 2013).This report reflects the financial consultancy services business idea in Australia. It is evaluated that many big organizations are suffering from the problems such as high cost of capital, loss of value of investment, taking effective capital budgeting decisions and using financial tools to make investment in organization. In order to start up new financial consultancy services business in Australia, entrepreneurs needs to incorporate a company or LLP. The name of the company would be Financial consultancy services private limited. This newly established company will have various main and ancillary objects such as providing consultancy services, investment plant to invest money in mutual funds, creating shield against foreign exchange reserve (Christensen, 2013). The main income for Financial consultancy services private limited is related to taking financial commission from the clients for providing financial consultancy services. Nonetheless, the effectiveness of business functioning of financial consultancy services private limited is based on creation of value of investment of clients in the market. If clients could create value on the invested amount which was done on the basis of ideas and financial consultancy services provided by financial consultancy services private limited then it will showcase that company has created value in the market and vice-versa (Christensen, 2013). However, in order to make effective business functions and advancement in financial consultancy services in Australia, Financial consultancy private limited needs to install cyber computing enterprises resources planning. This will help company to establish automation in the business functioning and make effective financial analysis. In addition to this, using of cyber computing enterprises resources planning in the value chain activities of organization will help all the financial experts to gain up to date information and effective analysis in determined approach. Financial consultancy services private limited could use this cyber computing ERP system to pull query and updated data in determined approach. However, this ERP system will increase the effectiveness of financial tools to provide valuable financial services to clients (AUDRETSCH, 2014). For instance, if any company in Australia is facing problems such as high cost of capital, loss of business value and capital budgeting problems. Financial consultancy services private limited use financial tools such as ratio analysis, cash flow statement analysis, DU Pont analysis and other tools to evaluate the financial structure of other companies and possible problems they are facing in management of their business. It is considered that if companies take financial consultancy services from Financial consultancy services private limited then they could take effective captain budgeting decision for selecting one project (Robb & Robinson, 2014). This level of services and adoption of cyber computing enterprises resources planning helps company to create core competency in providing effective financial services in Australian market (Crane & Mitten, 2016).
Structured program of incorporating Financial consultancy services private limited
It is considered that promoters of financial consultancy services private limited needs to invest at least AUD$ 100 million in its value chain activities. All the money invested money will be used to install cyber computing enterprises resources planning and hiring certified public accounts that are efficient in implementing financial analysis (Crane & Matten, 2016). These experts after evaluating annual reports and other financial details of company could easily evaluate the capital expenditure and investment proposal plan for organizations and investors at large. It is considered that investors after taking proper level of financial advices and consultancy series could avoid possible drastic loss from their investment decision. Mutual funds and other capital market are subject to market risk. Therefore, after taking financial services and advices from the financial consultancy services private company, investors could save themselves from the big loss and could create value for their investment (Blank, 2013).
Business model of Financial services private limited
The business model of financial private limited company is accompanied with the ERP system and several business parts such as top management, line manager, HR department, functional department and matrix project department. This Matrix project management department will indulge in taking complex investment project which could be implemented by organization to make effective level of investment. In addition to this, financial private limited company limited has installed ERP system to adopt automation in its business functioning and created core competency in its business model. This level of business model will help financial private limited company to strengthen its investment options and make effective use of resources in determined approach.
Creating core competency in providing financial private limited company
It is evaluated that financial consultancy services private limited could create core competency in providing financial services in securitization business. It is evaluated that if company enters into providing securitization business then it will not only increase the investors’ capital value but also increase the overall turnover of company. Furthermore, financial experts hired in financial consultancy services private company could also conduct financial seminars for clients with view to make them vigilant with the market risk and investment options. This level of core competency could be developed by financial consultancy services private limited only when it hire international corporate public accountants in their business functioning.
Business is accompanied with complex set of activities. If financial private limited company wants to achieve success in market then it has to create core competency in providing all kind of financial services. After evaluating all the present and past data of Australian market, it could be inferred that financial consultancy services private limited needs to implement effective marketing strategy. This company needs to hire other agent or brokers who could help investors to make financial transactions in determined approach (Christensen, 2013).Now in the end, it could be inferred that if company wants to grasp high market share in Australia then it has to implement effective marketing strategy and focused business plan ;
AUDRETSCH, D. B. (2014). Small Business and Entrepreneurship: The Emergence of a Scholarly Field. 20 years of Entrepreneurship Research, 49.
Blank, S. (2013). Why the lean start-up changes everything. Harvard business review, 91(5), 63-72.
Brigham, E. F., & Ehrhardt, M. C. (2013). Financial management: Theory & practice. Cengage Learning.
Christensen, C. M. (2013). The innovator's dilemma: when new technologies cause great firms to fail. Harvard Business Review Press
Crane, A., & Matten, D. (2016). Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press.
Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. The Review of Financial Studies, 27(1), 153-179.