Comparison of Business Plans: Phoenix vs Blueprint Planning
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This report compares the business plans of Phoenix and Blueprint Planning, two companies in the software and consultancy industry. It discusses their business activities, market and sales plans, customer analysis, pricing policies, key people, financial feasibility, and operation profit. The report also includes an action plan for both companies.
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Entrepreneurship
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Entrepreneurship1 Contents Introduction...........................................................................................................................................3 Overview...............................................................................................................................................3 Aim and Goals.......................................................................................................................................4 Business Activities................................................................................................................................4 Market and Sales Plan...........................................................................................................................5 Nature of services and mode of promotion........................................................................................5 Customer Analysis and pricing policy...............................................................................................6 Key people.........................................................................................................................................6 Financial Feasibility..............................................................................................................................6 Operation Profit.....................................................................................................................................8 Action Plan............................................................................................................................................9 References...........................................................................................................................................16
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Entrepreneurship3 Introduction Business Plan is a written document which describing the nature of the business, the sales, and marketing strategy and the financial background. Every business desires to have a written business plan in order to operate smoothly in the market for long time. It provides the direction and attraction to investors related to the organisation structure. A business plan is an essential part for the organisation to achieve the success in the market. Business plan is defines by the Entrepreneur in order to provide the direction. It is not beneficial only for investors but also for the organisation. The business plan is developed by the entrepreneur in order to operate as per the plan to achieve the objective of the organisation. In this report, the discussion is made on the business plan of two companies(McKeever, 2016). Business Plan of two companies will be compared in this report in order to analyse the effective plan. Blueprint Planning Pvt. Ltd. and Phoenix have been taken into consideration to analyse the business plan. The report covered the various topics during the comparison such as business activities, financial analysis, operational profit, Administration expenses, marketing and sales plan. Overview Phoenix is a global software and consultancy company. It provides the content and information to enterprises related to management needs. The information related to the software solutions and system integration to professional and legal service market all over the world. The company provides the services to law firms, corporate legal departments, accountancy and financial services firms The Company has long term relations with the most successful professional providers in the world. It uses the innovative ways to transform the
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Entrepreneurship4 accessibility and management of documentation and provide the flow of information around the entire business(Phoenix, 2018a). Blueprint Planning Pvt. Ltd. is a problem solving company which helps the other enterprises to achieve the outcomes. It is specialised in management consultancy services of the small and medium sized enterprises. It was established in the year 2003 by James Laycock. It is also a member of the planning institute of Australia and its consultant planner’s Group. It is continuously growing and developed its core values(Blueprint, 2018a). Aim and Goals Phoenix The aim of the company is to provide the advice and guidance to clients related to industry leading products. It also provides the solution of the problems of the software related to problems to the enterprises(Phoenix, 2018b). Blueprint Planning Pty Ltd. The main goal of the company is to be specialised company in the consultancy services for the small and medium sized enterprises in Sydney and the other cities in the Australia. Business Activities Phoneix Business solutions provide the consultancy services to the enterprises related to software products. Apart from consultancy services, it also provides the many services such as support, training, outsourcing, and custom development. Sometimes the company put the additional resources in order to ensure that it provides the best services from IT investment. The company appoint the IT experts and professionals to provide the excellent services to the consumers. It helps to define and implement the ideal solution or support the people and
Entrepreneurship5 systems to solve their issue. It is observed that the employees of the organisation help it to achieve the success in the market and also support it to provide the excellent services with the high skills(Phoenix, 2018b). Blueprinting Planning provides the services of business plans, training in small business management skills and the books sales. The organisation strives to achieve the excellence in all area of their business such as technical, operational and administrative. The company committed the industry standards for the clients in provide the services and solutions. It mainly focuses on the creative, new and better ways in order to provide all the dimension of our business. Creativity, exploration and imagination are the best approach of the company to work in the market. The company is passionate about the solving the client’s problems. It hires the employees and advisors with the high professional skills and expertise. Employees are most valuable and valued resources for the company and it helps them to achieve the success(Blueprint, 2018b). Market and Sales Plan Nature of services and mode of promotion Phoenix Business Solution Pvt. Ltd provides the solution related to software. It also provides the training to employees and people of the organisations to handle the troubles of servers. It main goal is to provide the excellent services to the other companies so that they came back to enjoy the services. It is also wants to be a specialised company in providing the consultancy services to small and medium enterprises. The company promote it services on both the ways and these are modern and traditional. Traditional services are posters, banners, television and the other advertisement tools(McKenzie, 2015).
Entrepreneurship6 Blueprints Business Planning Pty Ltd. delivers the business education program and planning services to small and medium enterprises. It is expecting that it becomes the one of the best business advisor and planner in the market (McKenzie, and Sansone, 2017). It promotes the services by using the verbal and non-verbal communication strategy. The main focus of the company is on verbal communication strategy as it is Consultancy Company. Customer Analysis and pricing policy Phoenix Business Solution Pvt. Ltd charges the cheap prices as a consultancy fees from the consumers. It charges the fees on the different areas basis such as hour basis, long term and short terms basis. It charges $ 110 per hour for software consultancy, $200 for long term plan and same for training(Phoenix, 2018b). Blueprints Business Planning Pty Ltd. delivers the services on the hour basis and the training basis. It charges $150 for per hour and $180 for training services. These prices are charges as per the trends of the market(Blueprint, 2018b). Key people Phoenix Business Solution Pvt. Ltd operates the business with the support of number of people such as managing directors, marketing officers, finance officers, professional experts for training and the operation officers. It helps to maintain the quality of services in order to deliver the excellence services to consumers(Ward, 2016). Blueprints Business Planning Pty Ltd. operates the business with the help of key people such as the marketing officers, finance officers, managing directors, trainers for training, and employees with the high intelligence(Burns, and Dewhurst, 2016). Financial Feasibility A.
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Entrepreneurship7 It is estimated that the Phoenix Business Solution Pvt. Ltd earns $ 1825 as the net profit margin and the sales turnover with the amount of $70000. These items indicate the estimated performance position of organisation in the financial terms. The net margin profit ratio is forecast with these terms in order to forecast the position of an organisation(Cornwall, Vang, and Hartman, 2016). Net Profit Margin%= Net Profit before tax/ Sales turnover = $1852/ $70000 = 2.6% It is evaluated that it is low as compare to the others in the industry and it is not usual for the organisation because it is an initial years of trading as compared to the other organisation. It is estimated that the company will achieve the success and grow in the market in the near future. The other ratios are also by the company in order to determine the financial performance of the organisation. In the comparison of BlueprintsBusiness Planning Pty Ltd, it is estimated that the company earns the $2330as net profit margin, sales turnover as $103750. The performance of the company will be estimated with these financial information and these are as below: Net profit margin % = Net profit before tax/ Sales turnover = $2330/ $103750 =2.24% B. Break-even analysis It is estimated that the contribution margin profit of the company is equal to the expected gross profit margin i.e. 80%. The break even analysis point indicates that the effectiveness of
Entrepreneurship8 organisation in term of cost. It is observed that the organisation is highly cost effective and it can easily meet the unexpected contingencies(Blueprint, 2018b). Expected Fixed Cost= $89850 Break Even Point in Dollars= Fixed Cost/ Contribution margin = $89850/0.80 = $112313 In the case of Blueprints Business Planning Pty Ltd, the gross profit margin is about 94%. In the break-even analysis of Blueprints Business Planning Pty Ltd, the gross profit margin is equal to 94%. Expected fixed cost= $95280 Break-even point in dollars= Fixed cost/ Contribution margin = $95280/ 0.94 = $101362 It has been evaluated that the mission of both the companies are same in terms of expansion. Break-even analysis is essential to calculate in order to predict the future condition of the companies. Operation Profit The outsourcing practice of Phoenix Business Solution Pvt. Ltd involves the finance, procurement, offshoring and technology department. The production process and location strategy of the company helps it to grow in the market. The banking and financial services support assists the company in addressing the several challenges. It is essential for the
Entrepreneurship9 organisation to maintain the relationship with the consumers in order to deliver the excellent services(Burns, 2016). Blueprints Business Planning Pty Ltd faces the insurance and security challenges such as workmen compensation. The company also adopt the technology to provide the effective services to consumers(DunnGalvin, et. al, 2015). The production process of the company is audit by the leader within the 6 months. The financial books are maintained as per the principles and standards that help to maintain the consumers’ data and records. All records and data support the company to operate smooth in the market. Action Plan ActivityTime period (in months) AuthorityObjective of GrowthConcerned Department
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Entrepreneurship10 Initiationof Business plan 3 monthMarketing Director The main objective of PhoenixBusiness Solution Pvt. Ltd is to conductabusiness consultingservice, whichassistin developingcustomer loyalty.Inthe comparisonofthe BlueprintsBusiness Planning Pty Ltd, it is requiredtogenerate trust and recognition in respect to maintain the positive image in themindof customers (Scarborough, 2016). Marketing Department Financial possibility 30 daysFinance officerThemainaimof PhoenixBusiness Solution Pvt. Ltd is to maintainthe Finance Department
Entrepreneurship11 relationship with the consumerby maintainingthe financial condition of the company. In the comparisonof BlueprintsBusiness Planning Pty Ltd, it needstowork togetherinorderto corporatethe company(Xiang, Worthingtonand Higgs, 2015). Develop relationship 2 monthHuman Resource Manager Themaingaoland objective is to build the relationship with the consumers. In the caseofBlueprints BusinessPlanning Pty Ltd, it is mainly focusesonthe promotionofthe servicesby Human Resource Manager Department
Entrepreneurship12 interactingwiththe consumers. Brand Image3 monthManager of Human Resources PhoenixBusiness SolutionPvt.Ltd developsthepositive relationwiththe consumersthoseget the services with it. It iscomparedthatthe BlueprintsBusiness PlanningPtyLtd, requiresisorderto maintainthemoral and ethical value and provides the excellent services to consumers (Cavusgil, and Knight, 2015). HR Department Develop the confidence of investors 1 monthAll the managers and directors The mainobjective is tostrengthen confidence,which can build trust among AllDepartments of the companies
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Entrepreneurship13 them.Ascomparing toBlueprints BusinessPlanning PtyLtdshouldbe responsiblefor addressing these risk and contingencies. Prepared the financial report and audit 4 monthFinance ManagerPhoenixBusiness SolutionPvt.Ltd prepares the financial accountsasperthe standardand principlesforthe effectiveresult.As comparingto BlueprintsBusiness Planning Pty Ltd, they are fully appropriated inmaintenanceand handling the accounts. Software Designing 3 monthDesign by expertsPhoenixBusiness SolutionPvt.Ltd design the software’s
Entrepreneurship14 forsolvingthe consumerproblem. BlueprintsPlanning Pty Ltd, is focussing upon the consultancy techniques. Marketing and sale 2 monthMarketing Managers Phoenix provides the excellence services to customer for effective resultandBlueprint PlanningPtyLtd, alsoprovidethe consultingservices that helps to grow the business. Consultancy Services 2 monthConsulting Manager PhoenixBusiness SolutionPvt.Ltd delivers the effective servicesof consultancyandthe otheraswellto consumers. BlueprintsBusiness PlanningPtyLtd deliversthetraining Consultant Departmentand Experts
Entrepreneurship15 andconsultancy services to consumers (Cheema, Akram, and Javed, 2015) Conclusion From the limelight discussion, it has been concluded that both the companies is growing with the continuous rate. Both the companies gain the brand image in the market in the very less time. By comparing the business plan, the net margin of Blueprints Business Planning Pty Ltd is less as compare to Phoenix Business Solution Pvt. Ltd. The Blueprints Business Planning Pty Ltd has to adopt the more experts of high skills in order to expand the business at the international level. As per the comparison, Phoenix Business Solution Pvt. Ltd. has high value as compare to the other. However, both companies is growing but it is recommended that they have to analyse the overall procedure twice in a year for effective results.
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Entrepreneurship16 References Blueprint.(2018a)About.[online]Availablefrom: https://www.blueprintplanning.com.au/about.html [Accessed 17/4/19]. Blueprint.(2018b)Services.[online]Availablefrom: https://www.blueprintplanning.com.au/services.html [Accessed 17/4/19]. Burns, P. and Dewhurst, J. (2016)Small business and entrepreneurship. Macmillan International Higher Education. Burns, P. (2016)Entrepreneurship and small business. Palgrave Macmillan Limited. Cavusgil,S.T.andKnight,G.(2015)Thebornglobalfirm:Anentrepreneurialand capabilities perspective on early and rapid internationalization.Journal of International Business Studies,46(1), pp.3-16. Cheema, S., Akram, A. and Javed, F. (2015) Employee engagement and visionary leadership: Impact on customer and employee satisfaction.Journal of Business Studies Quarterly,7(2), p.139. Cornwall, J.R., Vang, D.O. and Hartman, J.M. (2016)Entrepreneurial financial management: An applied approach. Routledge. DunnGalvin, A., Chan, C.H., Crevel, R., Grimshaw, K., Poms, R., Schnadt, S., Taylor, S.L., Turner, P., Allen, K.J., Austin, M. and Baka, A. (2015) Precautionary allergen labelling: perspectives from key stakeholder groups.Allergy,70(9), pp.1039-1051. McKeever, M. (2016)How to write a business plan. US: Nolo. McKenzie, D. (2015)Identifying and spurring high-growth entrepreneurship: experimental evidence from a business plan competition. The World Bank.
Entrepreneurship17 McKenzie, D.J. and Sansone, D. (2017) DP12523 Man vs. Machine in Predicting Successful Entrepreneurs: Evidence from a Business Plan Competition in Nigeria. Phoenix.(2018a)AboutPhoenixBusinessSolutions.[online]Availablefrom: https://www.phoenixbs.com/about-us/ [Accessed 17/4/19]. Phoenix.(2018b)Expertsupportateverystep.[online]Availablefrom: https://www.phoenixbs.com/services/ [Accessed 17/4/19]. Scarborough, N.M. (2016)Essentials of entrepreneurship and small business management. Pearson. Ward, J. (2016)Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer.