Startup Partnership Business Report for Keystone Support Services
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This report outlines the success of a start-up commercial and industrial cleaning business for the future, its operationality, and the functionality of the company. It also demonstrates the micro-environment and macro-business environment where it will develop its activity, as well as the relationship that exists between those.
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Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Keystone Support Services Introduction to Business Assessment 2 – Individual Report Start-up Partnership– Keystone Support Services - commercial and industrial cleaning services 1|P a g e
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Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Table of Contents Introduction...................................................................................................................3 Overview of the Report..............................................................................................3 Background of the Company.....................................................................................3 Business Plan...............................................................................................................4 Different Types of Businesses..................................................................................4 Your Business Structure............................................................................................4 Macro Environment...................................................................................................4 Micro Environment....................................................................................................4 Impacts on your Business.........................................................................................4 Conclusion....................................................................................................................5 Overall argument summary.......................................................................................5 Recommendations....................................................................................................5 References List.............................................................................................................6 2|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Introduction Overview of the Report Thisreportwascreatedtooutcomethesuccessofastart-upcommercialand industrial cleaning business for the future,it’s operationality, having in mind the functionality of the company. It also wants to demonstrate to all, partners, business competitors and clients or future clients the fact that Key Stone Services is a competitive business, very much aware of the micro-environmentand macrobusiness environment where it will develop its activity, as well as the relationship that exists between those. Thisreportbasicallyit’smadetohelpthebusinesstobecomeasuccessful functional company as well as to present everyone the business its-self, what is its domain of activity, the market and environment where is developing, as well as the business plan with all marketing strategy, clients and where the company will be in the future. All is be supported by realistic numbers, data, facts and proves. Not to mention the impacts over the company from different internal and external factors, as Covid-19. It is a valuable tool of development for Keystone Support Services and any start-up business should have one. Background of the Company Keystone Support Services is a start-up commercial and industrial cleaning business founded by 5 partners, in September 2021, in London, which provides as it been highlighted(all,2021)“highvalue-addedpersonnelsupplyserviceswithbio- degradable products” The company’s capital is £200 000 with intention of raise to £300 000. The report wants to show how the £100 000 difference can be raised from investors. The business runs with 150 employees and estimates to have 500by the end of next year as it will be showed in the report. It is a sustainable, unique company with eco-friendly products and services, working withfullcomplianceofglobalstandardsi.e.ISO9001,ISO18001,ISO1400. Keystone Support Services isAchilles accredited to carry out personnel recruitment and supply. Even the business is a start-up in a very competitive and unique market offering very professionalsustainableeco-friendlyservicestailoredontheirclientsmakes KeystoneSupportServicesapromisingsuccessfulbusiness.Thisisanother elementoffunctionalityandoperationalitythatthereportswanttopresentin comparation with other similar businesses. 3|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report It has been estimated 3 major clients in the first month of their activity andto sign with BBC ad Tesco by the end of next financial year. Keystone Support Services’ other major target clients areLondon Underground and Overground stations and Depots, Hospitals, Malls, Offices, Colleges premises. Business Plan Different Types of Businesses The business industry is represented bya variety of businesses from sole trader, partnership, to private and publiclimited companies. Business Structure Hierarchy Business Structure for Keystone Support Services As a start-up business partnership which offers personnel supply services and industrial and commercial cleaning services with150 employees needs a clear structure to achieve its goals and missionguided by the company vision. According to(Silbiger, 1994)“The customer structure iscommon in-service industries.” Based on the business vision stated(all, 2021)“Once a partner – forever partners. We take the outmost advantage of the characteristics of our client’s business to provide services with clear precision and efficiency in a safe, sustainable environment for a green future. With our eyes on a common future, we will continue expanding our cleaning services and personnel supply by assisting our clients with meeting up their operational challenges” and all study and research Key Stone Supply Services structure is a costumer structure. 4|P a g e ChiefExecutiveOfficerAlexandra-DorinaButaMarketingandSalesManagerKarolinaOrzelHumanResoursesManagerDoyinBabjideClientandServicesSupoortManagerAhmadAljasemBusinessSupportManagerLilianaSolomon
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Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Macro Environment PESTELAnalysis for Keystone Support Services PESTLE external factorsResearch and FindingsRisk Level POLITICAL FACTORSBrexit Political stability Governance system Medium to high Low to medium Low ECONOMIC FACTORSBrexit Growthfallowby restrictions of pandemic Inflation / exchange rates High High Medium to high SOCIAL FACTORSThe proportion of working age Thediminishingof diversityofpeople working or employable Lack of force work High High High TECHNOLOGICAL FACTORS Progress of technological tools and bio - products used in industry Biodegradableproducts, organicproductsfriendly to environment Progressofmediaand transport Small / not a risk No risk – opportunity Small/ it is an opportunity ENVIRONMENTAL FACTORS Pollution Locations Mediumtohighriskas some location as tube ad trainstations,busstops areexposedtodifferent 5|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Recyclingandwaste management Weatherandclimatic conditions level of pollution Adoptingefficientwaste management practices in organizationalunitsthat arelocatedinornear urbanareasishighly crucialforKeystone Business. Extremeweather conditionscanincrease the cost of operations and compeltheKeystoneto makethevaluechain more flexible LEGAL FACTORSHealth and safety Discrimination Consumer protection laws Notapplicableasthe companyrespectthe legal regulation Notapplicable–the companyismultiverse andcommittedtoequal opportunityforeveryone with legal rights to work in U.K. Keystone Business need tostudydataprotection regulations to protect the customer data Micro Environment Porter’s Five Forces for Keystone Support Service Porter’s 5 ForcesResearch & FindingsRisk Level –Low– Medium– High Suppliers Who are they? How much do they cost? Whatisthe Janitorial supplies, Addley, Elanse are some of the suppliers for Keystone Support Services. They cost high from the respective organisation. Bargaining power is high Mediumto high 6|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report bargaining power? Substitutes How can your service be changed / improved / made different?When and who can make thosechanges happen? -The rise of machines is a good thing for thebusinessthatgeneratesinnovation within the organisation for improving the effectiveness of business. -Humanresourcesandadministration withinthecompanycanmakethe changes. Lowto medium Buyers Who are your target customers?What do they want? How muchbargaining power (choices) do they have? -BBC, Tesco, London -These marker share want their products andservicesatlowcostasmuchas possible. -They have high bargaining power. Mediumto high Internal Rivals Whoareyour current competitors?How muchcontroldo theyhaveofyour market? CloudGeniusAdvisors,RSMConsulting, TrueCloud,YelpForBusiness,Jibunuand NXTurn Thesecompetitorshavehighlevelofcontrol over the market. Mediumto high New Entrants Whocould potentially enter this market and pose a threattoyou? Whenarethey enteringthe market?Howwill thiseffectyour prices/costs? Businesses with innovative products as well as services who are bringing differentiated products can easily enter in this market and can be a high threat for Keystone Support Service. They enter the market when they develop unique productsandserviceswithsomeadditional featuresandsellthematlowercostsas compared to the Keystone Support Services. This will highly effect the prices of the Keystone SupportServiceasnewentrantswithinthe industry willbringtheir differentiatedproducts and services at low costs in comparison to the respective organisation. Mediumto high Impacts on your Business Civid-19 impact on Keystone Support service - Covid-19 had a great impact on all industries and its effect is spreading across the world. The main concentration for businesses and government is the 7|P a g e
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Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report safety of the people. When this focus will be in continuing, the implication for growth of economy as well as profits of the organizations will have to cause a sharp sell-off in equity markets around the world. In context to marketing, the global pandemic situation of Covid-19 has greatly impact the processes of advertisings, promotions and many more. It also forces companies to reexamine the thinking in respect to present and future campaigns of advertising and marketing for maintaining a stable flow of income. Most of the advertising and marketingdepartmentsarefacingthechallengesandarecriticallythinking innovativeaswellascreativemarketingstrategiesandframeworks.However, government has been implementing several approaches to reduce the effect of COVID-19. As discussed above, Covid-19 has its impact on every sector around the world and service sector is a great example of it. During pandemic situation, the operations of the service industry such as Keystone Support Service are highly affected because of economic lockdown. Decisions were taken by the government of the respected country to shut down the businesses which have a great impact on service industry. This reduces the sales volume of the business and hence the level of profitability. This is how the impact of Covid-19 greatly influence the business operations of service industry. Conclusion From above explanation of the report, it has been concluded that start-up of commercial and industrial cleaning business maintain a spotless workplace that gleams as well as shines for the first time visitors. In this report, background of the company has been discussed and along with it a business plan has also been designed within this portfolio. Moreover, the concept of business structure also has been described in this report. Furthermore, micro as well as macro environment analysis have also been conducted in this report that impacted business functioning in many ways. 8|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Recommendations There are some recommendations that must be followed by business to overcome from the pandemic situation of Covid-19. The organization must develop strong marketing strategies that will help it in facing the competition and also helps it in gaining the competitive advantage over the competitors in the market. It should build strong relationships with its customers that will facilitate it in maintaining the customer loyalty as well as brand value in the market. This process will provides assistance to organization in expansion of business and increases sales volume of the company. References all, S. e., 2021.Power Pont BusinessProposalPLan Keystone Support Services, London: s.n. Silbiger, S., 1994.The 10 day MBA A Step-BY-Step Guide ToMastering THe Skills Taught In Top Business Schools.London: Judy Piatkus (Publishers) Ltd. Bibliography all, S. e., 2021.Power Pont Business Proposal PLan Keystone Support Services, London: s.n. Boddy, D. (2014)Management: An Introduction. Sixth Ed. Harlow: Pearson Byrne, P (2021)Business skills for the 21st Century. Hampshire: Pearson Combe, C. (2014)Introduction to Management. Oxford: Oxford University Press Cottrell, S. (2019)The Study Skills Handbook. Fifth ed. London: Red Glob Press Ebert, R. and Griffin, R. (2013)Business Essentials. Global Edition, Nineth ed. London: Pearson Kotler, P. and Armstrong, G. (2012)Principles of Marketing,Global Edition. 14th ed. London: Pearson Needle,D.(2012)BusinessinContext:anintroductiontobusinessandits environment, Fifth ed. Andover: South-Western Cengage Learning Rugman, A. M and Collinson, S. (2012).International Business, Sixth ed. Harlow: Pearson Ryan, D. (2014)Understanding Digital Marketing: marketing strategies for engaging the digital generation. Third ed. London: Kogan Page 9|P a g e
Alexandra-Dorina Buta 21001580 Introduction to Business – Assessment 2 Individual Report Silbiger, S., (1994)The 10 day MBA A Step-BY-Step Guide ToMastering THe Skills Taught In Top Business Schools.London: Judy Piatkus (Publishers) Ltd. 10|P a g e