Milers Organization: Startup Company Report on Resume Services

This report provides an in-depth analysis of Milers Organization, a startup company focused on providing resume and cover letter writing services, along with interview tips. The report outlines the company's aims, goals, and objectives, emphasizing its commitment to creating employment opportunities and contributing to economic development. Milers aims to expand its operations by securing a bank loan of $20,000 to cover essential startup costs, including office rent, equipment, and website development. The report details the company's financial planning, strategic focus on innovation, and its unique approach within the competitive market. The company's goal is to build a strong team, achieve financial stability, and provide high-quality services to its clients. The report also includes a budgetary allocation of the funds and the expected return on investment. The ultimate purpose of Milers is to assist clients in securing better job opportunities through updated resume and cover letter formats.

Running Head: Human Resource
Human Resource
Name of the Student:
Name of the University:
Author’s Note

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EXECUTIVE SUMMARY
The following proposal is made towards a start-up organization that will cater to create
and develop new resume and cover letter. It will also provide with interviewing tips for the
client. Further in the report the aim, goal and objective of the company is stated along with the
purpose of the organization. The main aim of the company is to provide a funding system so that
the organization can be put into existence.

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Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Name of the company..............................................................................................................4
Description of the company.....................................................................................................4
Aim of the organization...........................................................................................................4
Goal of the organization..........................................................................................................5
Funding from the bank.............................................................................................................6
Conclusion...............................................................................................................................7
Reference.................................................................................................................................8

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Introduction
The company which is chosen for this assignment is Milers. The organization is a start-up
company which has planned to start inventing new procedure and technique of writing resumes
and cover letter for the candidate who wants to join in an organization. The assignment aims at
employing candidates at a huge number and provide an opportunity for them to work and earn.
The recruitment procedure for new candidates will start as the company sets up its office with
proper equipment. The planning and designing of the work place is done by the supervising team
(Calopa, Horvat & Lalic, 2014).

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Discussion
Name of the company: Milers Organization
Description of the company
The company is a start-up organization that has planned and organized to make resumes
and cover letters writing services as per order from the clients. It also provides the facility of
providing the clients with different opportunities of work and sending their resumes to different
organization (Edirisooriya, 2014). The job role of the employee would be to revise old resume
and create a new one with innovative way and adding more description to the resume. Along
with the resume a cover letter would be provided. The client who approaches the organization
would be provided free interviewing tips.
Aim of the organization
The business has set up its aim to achieve the goal which is arranged by the operational
head. A primary business aim is to add value to the revenue of the company which it earns
annually. Followed by expansion of the business and increasing the market share and brand
building. It is also aiming at providing an opportunity to the candidates who are deserving for the
appropriate position. This in turn will decrease the level of unemployment in a particular region
or a state (Cloutier et al., 2015). The expansion of the company is aiming to open its new
branches in coming two years and has targeted to employee six hundred to seven hundred
candidates. The job opportunity is provided to the graduate and under graduate students who can
tailor a training and work on a full time or on a part time basis as well. The urgent requirement

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of the organization is a loan to get sanctioned so that the equipment, furniture, computers,
internet connection, electricity facility and creation of the official website can be started (Chen,
2014).
Goal of the organization
A start-up company requires effort to build an innovative technology and a business idea
that will provide to the creation to solve the target problems efficiently but also cater to earn high
revenue. When the support and quality product is supplied by the organization, the goodwill is
netted and it works in a long run for the production (Ngima & Kyongo, 2013). The strategic
planning of this company has focused on three areas that is innovation, giving back and profit.
The main goals of this company is as follows:
 Finding a good team to work and achieve the objectives which is planned and
designed by the directors of the company.
 The financial planning of the company will help to chart out the income and
expenses for the next two years. While planning the financial statement the
organizing committee has been pessimistic and realistic.
 The organization is unlike from the existing market as the functioning role is
comparatively different.

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Funding from the bank
The organization has planned to take a loan so that it can start up building on its
requirements which is needed for a company at the beginning. The estimated amount which is
planned by the organization is $ 20,000. The shareholder of the company requires funding to
raise the cost of implementing the basic requirement such as construction of the featured design
of the work place, providing amenities like table, chair, laptops, internet connection and
beverages. The requirement of the fund will facilitate to expand the business in a new market or
location, to invest in a new innovative idea in creation of resume and to compete with the
competitive market (Gambacorta & van Rixtel, 2013). The company aims to use the revenue
from the ongoing business process to fund such proposal it is favorable to seek from the bank for
the purpose of funding.
The money which will be credited to the account of the organization will be segregated in
different accounts. The most basic source of funding brings the method of retained earnings.
These money can be used to repayment the shareholders in the form of dividends or buyback
shares. The funds will aid in assisting in projects.
The budgetary requirement of the organization is as follows:
Office rent - $ 1000
Cash and equivalence- $3000
Property, plant and equipment- $5500
Other expense- $1000
Tax payment- $2000
Internet payment- $3000
Market securities- $2000

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Prepaid expenses- $2500
Thus the total budgetary allocation of the company sums up the conclusion of $20,000
from a bank to start-up a company. The fund would be immediately credited to the bank in five
months’ time period (Lentner, Szegedi & Tatay, 2015). The returns will be done on an
installment basis at the end of each month. The monetary support from the bank will enhance the
flow of the operation in an appealing manner and the organization is providing with many job
opportunity for the people who has the ability to contribute honestly towards the organization.
The purpose of the company is to bring in a development opportunity in the society and in the
economy as well. The updated form of resume and cover letters will assistance the clients of our
organization to strive for a better opportunity of work (Bates, 2014).
Conclusion
The loan grant is essential for the company to start in coming few days once the fund is
sanctioned by the bank. It is important as it will help the candidates of the economy to have an
enhanced form of resume and cover letter and as a result the resume format will be different
from the other crowd of people. The scope of the organization in the long run is high as the
company is different from other competitive companies.

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Reference
Bates, J. (2014). The strategic importance of information policy for the contemporary neoliberal
state: The case of Open Government Data in the United Kingdom. Government
Information Quarterly, 31(3), 388-395.
Calopa, M. K., Horvat, J., & Lalic, M. (2014). Analysis of financing sources for start-up
companies. Management: Journal of Contemporary Management Issues, 19(2), 19.
Chen, M. (2014, January). The effect of training on employee retention. In 2014 International
Conference on Global Economy, Commerce and Service Science (GECSS-14). Atlantis
Press.
Cloutier, O., Felusiak, L., Hill, C., & Pemberton-Jones, E. J. (2015). The Importance of
Developing Strategies for Employee Retention. Journal of Leadership, Accountability &
Ethics, 12(2).
Edirisooriya, W. A. (2014, February). Impact of rewards on employee performance: With special
reference to ElectriCo. In Proceedings of the 3rd International Conference on
Management and Economics (Vol. 26, p. 27).
Gambacorta, L., & van Rixtel, A. A. (2013). Structural bank regulation initiatives: approaches
and implications.
Lentner, C., Szegedi, K., & Tatay, T. (2015). Corporate social responsibility in the banking
sector. Pénzügyi Szemle/Public Finance Quarterly, 60(1), 95-103.
Ngima, W. M., & Kyongo, J. (2013). Contribution of motivational management to employee
performance. International Journal of Humanities and Social Science, 3(14), 219-239.

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