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PART 11 Business Plan MAIN BODY1 Part 11 Business Types, Research of Business

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Added on  2020-10-22

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BUSINESS PLAN MAIN BODY1 PART 11 New Business Venture1 Outlining nature of business and what product it provides 1 Stating USP and explaining why business would have a competitive edge 1 Business Type 1 Choosing business model of firm1 Research 1 Identifying existing competitors and research of business 1 Illustrating UK and local statistical data regarding business 2 PART 22 Apply McCarthy’s 4Ps2 Employees/ staff 4 Explaining job roles assigned to the business employees 4 Explaining advantages & disadvantages of having Zero

PART 11 Business Plan MAIN BODY1 Part 11 Business Types, Research of Business

   Added on 2020-10-22

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BUSINESS PLAN
PART 11 Business Plan MAIN BODY1 Part 11 Business Types, Research of Business_1
Table of ContentsMAIN BODY...................................................................................................................................1PART 1............................................................................................................................................1New Business Venture.....................................................................................................................1Outlining nature of business and what product it provides.........................................................1Stating USP and explaining why business would have a competitive edge...............................1Business Type .................................................................................................................................1Choosing business model of firm................................................................................................1Research...........................................................................................................................................1Identifying existing competitors and research of business.........................................................1Illustrating UK and local statistical data regarding business......................................................2PART 2............................................................................................................................................2Apply McCarthy’s 4Ps.....................................................................................................................2Employees/ staff...............................................................................................................................4Explaining job roles assigned to the business employees...........................................................4Explaining advantages & disadvantages of having Zero-hour contract workers and Agencystaff..............................................................................................................................................4Customers/ clients............................................................................................................................5Identifying customer target market and customer cohorts..........................................................5PART 3............................................................................................................................................6Future Plans.....................................................................................................................................6Explaining how business could expand in the future..................................................................6REFERENCES................................................................................................................................8
PART 11 Business Plan MAIN BODY1 Part 11 Business Types, Research of Business_2
MAIN BODYPART 1New Business VentureOutlining nature of business and what product it providesThe staffing agency is termed as the entity which has employees that could be hired outfor temporary work or permanent work. Staffing agency is required for filling out gaps in thefirms which requires employees for carrying out work on temporary basis. The business venturewill offer positions to workers by acting as a recruiter by hiring candidates for vacant positionswhich then be directly hired by employers. Stating USP and explaining why business would have a competitive edgeUSP of UK Staffing Agency is to work with skilled and professional workers. The firmwill have a competitive advantage in the market as other businesses pays only cursory attentionfor skilled employees which provides way for company in making position for non-permanentand permanent basis (Shutt, 2017). The four divisions will be targeted by UK Staffing Agencysuch as computers, event planners, graphic artists and writers.Business Type Choosing business model of firmThe business will be formed as company type. This business model is chosen asoperations can be handled in effective manner with more availability of resources. Thus, moreprofits can be achieved.ResearchIdentifying existing competitors and research of businessThe existing rival business located in UK are Staff UK Bolton, At Your Service EventStaffing Ltd, Morgan Hunt, Hays Belfast, Manpower UK Ltd and many other competitors. Thebusiness of employment agency has been successful in UK which shows average 21 % year onyear growth in the business start-ups (Wallace and Webber, 2017). This shows that competitionis fierce in staffing industry and business needs to implement well-defined strategy for attaininggrowth.1
PART 11 Business Plan MAIN BODY1 Part 11 Business Types, Research of Business_3

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