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Business Development: Report

   

Added on  2020-03-23

11 Pages1473 Words64 Views
RUNNING HEAD: Business development idea1Student Name-Title- Business development ideaUniversity Name-

Business development idea2Table of ContentsStructured program of incorporating Fast fit city business..........................................................................6Creating core competency in providing consultation on financial services..............................................6References...................................................................................................................................................8

Business development idea3Introduction This report reflects the business idea and profitable business strategic plans which couldbe undertaken by business entrepreneur with a view run business effectively. There are severalbusiness options and strategic plans which will help business entrepreneur to set up new businessin Australia. However, there are several internal and external factors which will be faced bybusiness entrepreneur while introducing new business plan in Australia. In this report, financialconsultancy business has been taken into consideration as a developed business idea.

Business development idea4Developed business plan With the increasing ramification of economic changes and complexity of businessfactors, various business entrepreneurs are inclined towards using strategic planning processbefore starting up new business. It is evaluated that if business entrepreneur wants to start upnew financial consultancy service firm then firstly, all the associated business entrepreneur onjoint basis needs to evaluate all the internal and external factors such as number of startupbusiness, small business enterprises productivity and financial measurement of market (marketshare, existing rivals offering and strategic plans of organizations) (Bruton, et al. 2015). Theproposed financial consultancy service firm will be having financial consultancy serviceassociation private limited. This financial consultancy service association private limited will beprivate company with five members. It is observed that there are several organizations that arefacing problems such as high financial leverage, unstructured capital structure, financialmanagement problems and selecting particular project for their betterment of organization.Therefore, the developed value chain activities of financial consultancy service associationprivate limited will be indulged in providing best possible financial advice and strategic planswhich 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 associationprivate limited will include investment by investors in mutual funds, capital market and graspingfixed deposits. Furthermore, on corporate level, company will also help other small companies totake effective capital budgeting decisions (Solayman, 2013). This process will help smallorganizations to evaluate the best possible investment project options that will help them tocreate value on their investment. It is considered that financial consultancy service associationprivate limited has to implement systematic strategic plan to evaluate the all the internal and

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