Benefits of Currency Consulting

Running head: CURRENCY CONSULTANCY
CURRENCY CONSULTANCY
Name of the Student
Name of the University
Author Note

1CURRENCY CONSULTANCY
Table of Contents
Introduction......................................................................................................................................3
Currency Consulting........................................................................................................................3
Role in Business..............................................................................................................................3
Benefits of Currency Consulting.....................................................................................................4
Enhanced Profits..........................................................................................................................4
Improved Knowledge..................................................................................................................4
Business Revenue Model.............................................................................................................4
Organizational Structure..................................................................................................................4
Investment Source...........................................................................................................................5
Forecasted revenue......................................................................................................................6
Critical success factors....................................................................................................................6
Marketing Mix.................................................................................................................................6
Product.........................................................................................................................................6
Place.............................................................................................................................................7
Price.............................................................................................................................................7
Promotion....................................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10
Appendix....................................................................................................................................12

2CURRENCY CONSULTANCY
Cash Flow..................................................................................................................................12
Profit and Loss...........................................................................................................................14
Team Charter.............................................................................................................................15

3CURRENCY CONSULTANCY
Introduction
Entrepreneurship is the process which are to be followed in the establishment of new
business ventures(Drucker, 2014). One of the important factor that has to be seen is that the
business may or may not profit focused for the founding individuals(Barringer, 2012). The
governmental role in the development of the entrepreneurs in a country plays an important role
as they provide them with necessary resources. The currency consultancy business needs to focus
on number of factors ranging from the governmental viability to the international foreign
exchange market to the trade relations for the success.
Currency Consulting
To establish any business in the market it is important that the need for the business in the
industry is to be understood(Baker, 2016). One of the most important factors to be heeded are the
stock market and stock trade currencies. The values of the currencies are liable to change with
the changes in the international trade market. There is a large base of the stakeholders in the
different operations whose busiesdepends on currency fluctuation and changes.
Role in Business
The defining of the target market in the initial stages of the business is extremely
important for the success of any business in the market. Target market is the set of consumer to
whom the different businesses wish to market their products(Armstrong et. al., 2015). This
makes the target market consulting include the different exporters and the importers as well as
the people who deal in the foreign goods as it makes them deal in the foreign currencies.
Australia is a major importer of the goods like coal, wool, alumina wheat and iron. The main