country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Report On Business Development Idea

tag 0 Download5 Pages / 1,224 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Disscuss about the Business Development Idea.
 
 

Answer:

Introduction

This report reflects the business idea and profitable business strategic plans which could be undertaken by business entrepreneur with a view run business effectively. There are several business options and strategic plans which will help business entrepreneur to set up new business in Australia. However, there are several internal and external factors which will be faced by business entrepreneur while introducing new business plan in Australia. In this report, financial consultancy business has been taken into consideration as a developed business idea.

Developed business plan

With the increasing ramification of economic changes and complexity of business factors, various business entrepreneurs are inclined towards using strategic planning process before starting up new business. It is evaluated that if business entrepreneur wants to start up new financial consultancy service firm then firstly, all the associated business entrepreneur on joint basis needs to evaluate all the internal and external factors such as number of startup business, small business enterprises productivity and financial measurement of market (market share, existing rivals offering and strategic plans of organizations) (Bruton, et al. 2015). The proposed financial consultancy service firm will be having financial consultancy service association private limited. This financial consultancy service association private limited will be private company with five members. It is observed that there are several organizations that are facing problems such as high financial leverage, unstructured capital structure, financial management problems and selecting particular project for their betterment of organization. Therefore, the developed value chain activities of financial consultancy service association private limited will be indulged in providing best possible financial advice and strategic plans which could be used by other companies to create value in their investment decisions (Schaper, et al. 2014).  In addition to this, services provided by financial consultancy service association private limited will include investment by investors in mutual funds, capital market and grasping fixed deposits. Furthermore, on corporate level, company will also help other small companies to take effective capital budgeting decisions (Solayman, 2013).  This process will help small organizations to evaluate the best possible investment project options that will help them to create value on their investment. It is considered that financial consultancy service association private limited has to implement systematic strategic plan to evaluate the all the internal and external factors of financial market. However, the main problem which would be faced by financial consultancy service association private limited in providing consultancy services to clients would be related to marketing of its company brand image and increasing overall market share (Henreksonx & Sanandaji, 2014). It is considered that clients in Australia are more inclined towards established financial advisors. Therefore, financial consultancy service association private limited needs to establish effective marketing strategies to run its business effectively in Australian market. It could be done by implementing cyber computing enterprises resources planning. It could be inferred that after adoption of this level of cyber computing enterprises resources planning by financial consultancy service association private limited will help organizations to collect data through online monkey survey (Najmaei & Sadeghinejad, 2017). This collected data could be used by company to catch up with new clients or fixing meeting in formal ways. In addition to this, cyber computing enterprises resources planning will also reduce the overall complexity and cumbersome communication process in effective manner. This level of technical adoption and strategic planning by the board of directors of company will surely result to providing unique level of financial services and advice for clients. However, company could by injecting more capital in its private funds can grant persons loans or corporate loans to its trust worthy clients. Nonetheless, this loan providing services could be done only when company alters its MOA and AOA by adding financial services in its ancillary object (Reimers, 2013).

 

Structured program of incorporating Fast fit city business

Promoters of the company will have to invest AUD$ 100K to start up new business.  This cost will be used to install cyber computing enterprises resources planning and structured program of financial consultancy service association private limited (AUDRETSCH, 2014). This company would invest AUD$ 50 K in installation of cyber computing enterprises resources planning and rest of the amount will be undertaken for other structured value chain activities of financial consultancy service association private limited.  In addition to this, if after implementing business functioning of providing financial consultancy services in market, financial consultancy service association private limited observe need to enter into strategic alliance then it will inject more money to pay consideration to other target organization for the betterment of established business (Brigham, & Ehrhardt, 2013).

Creating core competency in providing consultation on financial services

It is considered that providing financial consultancy services to organization in the market will not end the vision of company. However, company needs to undertake various activities such as hiring financial advisors, collecting data from the market, advertisement and conducting conference for financial services awareness. Furthermore, company needs to establish its brand image in the market with a view to create core competency in providing financial services (Jeston & Nelis, 2014).  It is observed that if company could provide unique financial services such as securitization, reducing cost of capital or capital budgeting decisions then it will not only increase the overall turnover of company but also result to create core competency in financial consultancy services in market. Financial consultancy service association private limited needs to hire professional financial experts who have wide level of international financial knowledge and well versed with the financial analysis tools. These experts will give consultation to small organizations to reduce their overall cost of capital, mitigating problems associated with financial leverage, maintaining the unstructured capital structure, financial management problems and selecting particular project for their betterment of organization (AUDRETSCH, 2014).

Now in the end, it could be inferred that proper level of strategic planning and hiring of financial experts are the key pillar for the business success of financial consultancy service association private limited. There are several organizations in the Australia that have been facing high cost of capital and financial leverage problem due to less effective financial management. If company wants to tap needy clients then it should implement effective online marketing strategies through its online cyber computing enterprise resource planning.

 

References

AUDRETSCH, D. B. (2014). Small Business and Entrepreneurship: The Emergence of a Scholarly Field. 20 years of Entrepreneurship Research, 49.

Brigham, E. F., & Ehrhardt, M. C. (2013). Financial management: Theory & practice. Cengage Learning.

Bruton, G., Khavul, S., Siegel, D., & Wright, M. (2015). New financial alternatives in seeding entrepreneurship: Microfinance, crowdfunding, and peer?to?peer innovations. Entrepreneurship Theory and Practice, 39(1), 9-26.

Henrekson, M., & Sanandaji, T. (2014). Small business activity does not measure entrepreneurship. Proceedings of the National Academy of Sciences, 111(5), 1760-1765.

Jeston, J., & Nelis, J. (2014). Business process management. Routledge.

Najmaei, A. & Sadeghinejad, Z., (2017). Designing Business Models for Creating and Capturing Shared Value: An Activity-System Perspective. Entrepreneurship: Concepts, Methodologies, Tools, and Applications: Concepts, Methodologies, Tools, and Applications, p.335.

Reimers, J. L. (2013). Financial Accounting: Pearson New International Edition: A Business Process Approach. Pearson Higher Ed.

Schaper, M. T., Volery, T., Weber, P. C., & Gibson, B. (2014). Entrepreneurship and small business.

Solayman, M. M. (2013). Strategic Performance Measurement Guidelines And Framework To Merge Balanced Scorecards And Business Intelligence Techniques. Asian Journal Of Computer Science & Information Technology,3(10).

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Report On Business Development Idea. Retrieved from https://myassignmenthelp.com/free-samples/report-on-business-development-idea.

"Report On Business Development Idea." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/report-on-business-development-idea.

My Assignment Help (2018) Report On Business Development Idea [Online]. Available from: https://myassignmenthelp.com/free-samples/report-on-business-development-idea
[Accessed 27 May 2020].

My Assignment Help. 'Report On Business Development Idea' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/report-on-business-development-idea> accessed 27 May 2020.

My Assignment Help. Report On Business Development Idea [Internet]. My Assignment Help. 2018 [cited 27 May 2020]. Available from: https://myassignmenthelp.com/free-samples/report-on-business-development-idea.


MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Management Samples

SRR782 Research Methodology

Download : 0 | Pages : 10
  • Course Code: SRR782
  • University: Deakin Business School
  • Country: Australia

Answer: Title: Reduction Of Construction Wastes During Construction Work Of Large Scale Projects In Developing Countries Section 1: Annotated Bibliography Miquel Casals, Núria Forcada, Marcel Macarulla, Analysis of the implementation of effective waste management practices in construction projects and sites, December 2014, Volume 93, 38 “Current waste generation rates are still below predicted levels, and the infrastru...

Read More arrow

BUS708 Statistics And Data Analysis For Proportions Of Agent Lodgement

Download : 0 | Pages : 4
  • Course Code: BUS708
  • University: Kings Own Institute
  • Country: Australia

Answer: Lodgement classification: The frequencies of agent lodgement is found by the excel formula:  “=COUNTIF(C2:C1001, "=1")”. The frequencies of self lodgement is found as: “=COUNTIF(C2:C1001, "=2")”. Proportions are counted by each count/total frequency. By clicking “Insert”, then “Pie”, pie chart is generated. The axes, borders are decorated by right clicking “Format chart area&r...

Read More arrow

MG4101 Operations Strategy 2

Download : 0 | Pages : 10
  • Course Code: MG4101
  • University: University Of Central Lancashire
  • Country: United Kingdom

Answer: Introduction  The report helps in analysing the different kind of business activities along with analysis of the service delivery along with manufacturing process of the Sky Plc Company. Proper identification of the different strategies will help in improving the different processes of manufacturing as well. Proper discussion is essential in nature wherein it has helped in making the organization successful or not successful in n...

Read More arrow

IB829 Innovation & Creativity In Organisations

Download : 0 | Pages : 14
  • Course Code: IB829
  • University: University Of Warwick
  • Country: Australia

Answer: Introduction Pepsi Company is among the largest manufacturer of snack and crisp with very high annual sales. The company is also known for its manufacture of carbonated drinks. However, Pepsi Company is not only known for the products it manufactures but also for their methods of production. The company is very creative and innovative in their activities where the company invented various brands of sale instead of selling one particul...

Read More arrow

ACC 203 Financial Accounting For Constructive And Legit Responsibilities

Download : 0 | Pages : 6

Answer: Dear Christopher, We are extremely happy to see that you have remembered us and that is why we would like to show our gratefulness in response to the mail that you have sent to us. We cannot express our joy to see that that you have written to us and we assure you to provide you with the best solution that is available. With those possibly the best solutions it will become easy for you to make the right choice and that also in an appr...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,320,224

Orders

4.9/5

Overall Rating

5,075

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

203 Order Completed

97% Response Time

Richard Alpert

PhD in Psychology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

very good writings, good references and really good pronunciation. would do here again the other time. very recommended!!!

flag

User Id: 409717 - 27 May 2020

Australia

student rating student rating student rating student rating student rating

must be a stupid expert who finished my assignment, don\'t trust it when they say, how good they are. They are all lies!!! i paid 148 dollars for 1000 words, and got less than 50%.!

flag

User Id: 422981 - 27 May 2020

Australia

student rating student rating student rating student rating student rating

It was good and was satisfied with this. This is completed and was passed right away after the presentation. Thank you!

flag

User Id: 238261 - 27 May 2020

Australia

student rating student rating student rating student rating student rating

They did a good job but this time i was no happy that much because i feel i need to let them again and again then even they did't done proper what i need but anyway once happend otherwise other all are mine good and i clear too

flag

User Id: 247567 - 27 May 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?