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New business venture Tempser

   

Added on  2021-01-03

9 Pages2511 Words45 Views
A small temporary servicestaff agency in London

Table of ContentsIntroduction......................................................................................................................................3Business plan: Part 1 .......................................................................................................................31: New business venture.............................................................................................................31.1: Business type.......................................................................................................................31.2 Research of competitors........................................................................................................4Business plan: Part 2........................................................................................................................42.1: McCarthy's 4P's....................................................................................................................42.2: Employees/ Staff..................................................................................................................62.3: Customers/Clients................................................................................................................7Business plan : Part 3.......................................................................................................................73.1: How the business would expand in the future with different strategies..............................7Conclusion.......................................................................................................................................8References........................................................................................................................................9

IntroductionBusiness plan is a written documents in which all the plans and activities of the businessis explained and how the company will achieve their pre set goals and objectives.Tempser istaken into consideration. Company deals with fulfilling the requirements of the workforce indifferent companies and takes the small amount of commission from the company. In this file,company's nature of business and its types with USP of it will be discussed. McCarthy's 4P's isexplained with the help of functional example. Roles of managers and identification of customeris also done. Future plans of the company and how it could attain success in future will bescrutinized.Business plan: Part 1 1: New business ventureTempser works as a bridge between the company who requires workforce and candidateswho needs a job. Job allotment is done after analysing skills and knowledge of the candidatesand find out the job where they can fit into. Different types of product offered by Tempser is, Personal placement services: In this Tempser hired the candidates for their own company andthen they are sent on a on-site work and after completion, candidates are again sent to some othercompany for their work (Burns and Dewhurst, 2016).Staffing services: In this, Tempser hire the job seekers for other company and chargescommission from the company.Management executives search: Tempser work is to find the right replacement of executiveperson in a company. This role is more of a job hunter job.Tempser is using AI technology for scanning the candidates according to the jobrequirements given by other company. It can also help Tempser to gain competitive advantageover others as AI search is accurate and precise while searching the right candidates which willhelp them to increase their effectivity and efficiency (Macaulay, 2018). 1.1: Business typeTempser business type is company as it helps them while paying tax on their earnings. Overalltax paid in the partnership firm is more as compare to sole proprietorship. Chances of conflictwhile conducting the business is high in partnership whereas in company, decision taken by theowner is the final decision.

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