New Business Idea: Payroll Management Outsourcing Presentation

This presentation introduces a new business idea centered on payroll management outsourcing. The core concept involves providing superior and errorless payroll solutions to small and large companies, addressing the challenges these businesses face in managing their payroll systems. The presentation highlights the market opportunity, the company's value proposition, and its key resources, including a skilled technical team and user-friendly software. The target customers are small and medium-sized businesses, especially those in the IT sector, that lack dedicated payroll management systems. The business aims to offer customized software, ensuring data confidentiality and providing various salary transfer options. Revenue will be generated through consultancy services and payroll management activities. The critical success factors include strong leadership, a dedicated team, and effective marketing strategies. The presentation concludes by emphasizing the business's unique market position and its potential for success, offering a comprehensive overview of the business plan. The presentation will be the foundation of a successful business for the student.

Hi, I’m…..
From ...
This presentation is about a new business idea that is developed that is related to payroll
management outsourcing. The company will provide superior and errorless payroll solution to
other small and big companies in the region and beyond.
The problem we are solving is….. We are endeavoring to build a business which will manage
the problem of payroll management system in the companies. The small and big companies do
not have much time for performing these functions. It has been seen that there is an immense
market for payroll management outsourcing anyways there are lesser number of committed
companies offering such items.
Our solution is…. An organization in view of the business innovation of dedicatedly offering
payroll management service to the existing big and small companies that either do not have
enough resources to perform such functions or they have no time for such activities. Clients will
moreover have the capacity to modify the software according to their demand and make the
interface customized.
This is huge opportunity because… There are new companies that are emerging on a daily
basis. Especially in the IT sector there is a huge growth. However the companies do not have a
well-developed payroll management system, dedicated employees and infrastructure. This
company will provide all these.
Our Value… Payroll Management Company will ensure that it offers all its services at reduced costs to
all companies. The company will also play a role in ensuring that the risks in involved in payroll systems

in the company are greatly reduced. Apart from managing risks and reducing costs, the company will also
ensure that all the data remain confidential and secure.
Our Key resources includes…. Quality of service, Brand value and presence are some of the key
resources that are there to be utilized.
Our target customers are…. The main customers at Payroll Management Company will be the
small and medium-sized companies in Australia. These are firms that might be struggling with
managing their payroll systems.
We are better because…. We have the best technical team that will program software of the best
quality that will provide errorless services.
We make money by….
 Providing the customers with high quality software interface and service
 We also aim to make the customers feel confident
Our team can do this because…. Payroll Management Company will depend on the input of several
resources in order to guarantee its success. Qualified employees will be in charge of ensuring that all
activities of the company are undertaken with high professionalism. Up to date software will also be a key
resource for the company as it will ensure efficiency and accuracy of most of its activities.
Critical Success Factors of our business are…. The leadership of the company will ensure that
a great strategy is employed for the growth and development of the company. The team made up
of the employees and other important stakeholders will boost the chances of success the company might
experience. The marketing segment will also play a key role in creating awareness of the company in
different avenues. Attracting customers will mean that the company has a consistent flow of income
boosting its chances of success

What we need right now is…. The company needs to be established as the foremost company in
the field of outsourcing the payroll management. There is no big company in the present times
that is innovating much and programming customized, high quality, dedicated “payroll
management system”.
To summarize… This business will be successful as a very unique segment of the market has
been targeted. The company will also institute value propositions such as confidentiality, the
huge storage capacity of data and the freedom to choose the salary transfer option they prefer.
Revenue is expected to be generated from consultancy services and the payroll management
activities such as the creation of monthly pay slips. After the evaluation of the company, it was
found out to be feasible and its chances of success were high.