Future Plan for Tax Management Services for Small Organizations and Households

BM564 ENTERPRISE AND
ENTREPRENEURSHIP
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EXECUTIVE SUMMARY
The report is aimed to broadly discuss a future plan, and with this regard all key
dimensions such as offered services, customers, competitors and projected profit and loss
accounts, cash flow statement too. The report examined feasibility of the idea, and presented all
key dimension.
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TABLE OF CONTENT
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
MAIN BODY..................................................................................................................................4
Future business:...........................................................................................................................4
Customers:...................................................................................................................................4
Competitors:................................................................................................................................5
Skills analysis:.............................................................................................................................5
Projected 2 years’ profit and loss accounts:................................................................................6
Projected 2 years’ cash flow forecasting:....................................................................................7
BEP:.............................................................................................................................................8
Sources of funding:......................................................................................................................9
Plan for obtaining resources:.......................................................................................................9
MIS:...........................................................................................................................................10
Vision of the business:...............................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
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INTRODUCTION
Entrepreneurship is a process or set of activities carried out in order to set up a business and
making money addressing organisational risks (McKenzie and Sansone, 2019) The report would
be presenting a new business idea for the future, and some sort of aspects such as it viability,
customers, products and services, competition etc. at the end of the report projected income and
expenditure statement for the entity would be fabricated.
MAIN BODY
Future business:
the organization will be offering specific type of financial services such as tax management and
planning for small organisations and some households too.
It does give taxation related financial services since in the nation there still a huge scope for the
business since a vast majority is still not taking advantage of available tax relief so the entity will
be helping them.
As it has been seen that in the market people are less likely to have such services, our
organisation is bringing an innovative idea and will be providing tax management related
services to even such small household who are paying insignificant amount (Barrow, Barrow and
Brown, 2018)
The business will be generated Patent since the idea is lying in the jurisdiction of patent laws.
Here customized tax panning facilities are being offered which is quite new so there is strong
need to protect the idea to get copied. So since the business is coming with new idea of
customized tax planning, it is not being practised by others so there is need to get the patent
generated.
Customers:
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