Detailed Business Plan Report: Ultimate Consultant Services

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This report outlines a comprehensive business plan for Ultimate Consultant, a firm specializing in online legal and business consulting services for startups. The plan details market research, identifying competitors like Terminis, and the dynamic nature of the business environment. It describes the company's structure, including the roles of the director, manager, team leaders, and HR manager. The report also elaborates on the services offered, such as providing legal solutions, auditing financial statements, and assisting in investor relations and recruitment. The distribution of services, primarily through a zero-level channel, is explained, along with the marketing mix (4Ps) focusing on the product (services), price, place, and promotion strategies. The plan emphasizes the importance of aggressive promotion to reach target customers and establish a strong market presence. The business aims to support startups in navigating legal requirements, helping them operate ethically and competitively.
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Introduction to business
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Table of Contents
1. INTRODUCTION.......................................................................................................................1
1.1 New business venture............................................................................................................1
1.2 Research into business..........................................................................................................1
1.3 Business type.........................................................................................................................1
2. BUSINESS PLAN.......................................................................................................................2
2.1 Structure of business.............................................................................................................2
2.2 Job role assigned to business employees..............................................................................3
2.3 Role of manager....................................................................................................................3
2.4 Product and service related details........................................................................................4
2.5 Distribution of services.........................................................................................................5
2.6 General overview with 4p's of marketing.............................................................................5
3. FURTHER PLAN........................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
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1. INTRODUCTION
1.1 New business venture
New business are composition of many activities which are new to market and have
specific nature as well. It is essential for an association to identify the market scenario and
analyse nature of customers as well so that appropriate offerings get done in an appropriate
manner. The new business idea is all about offerings which are more appropriate quality standard
based and distinct from others as well (Armstrong and et. al., 2015).
This project is based on Ultimate consultant whom are general dealing in online section
where services are delivering through digitalise method. Basically company is operating in such
scenario where they are supporting to many new business ventures to operate and work in an
ethical manner by compiling all legal documents properly. The major aim of business is to:
“Deliver right legal documents to business start up to maintain keen competitive market world”.
This facilitate them an option to organise activities properly and support to many start up in order
to make operations properly in an ethical manner as well.
1.2 Research into business
Business environment is dynamic in nature and get changed with a course of time. Along
with this, number of competitors in an association are also vast in number which make this world
more interesting to operate. Terminis is one of the major competitor of this business section
because they are dealing in online notary work as well as provide online audit as well.
This business is highly demanded in market because with rapid growth of technology
many ventures are operating through online. Along with this, such business is new to market and
reduce the load of association to go at particular place and get advise from professional.
This business could compete in market easily because not more number of competitors
are identify at such market and this enable in operating activities effectively. Some other
competitors of business are Clause Match, Ariel Venture etc. All of them are providing legal
documentation services through online media which facilitate them to reach wide number of
users easily (Bellizzi and Hasty, 2015).
1.3 Business type
This business is majorly running at online media level where chances of gaining more
and more number of users not so difficult. Thus, more and more fund is required and for this 4
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common friends come together and invest according to will. Along with this, they also share
profitability in investment ratio which enable in contributing more and more fund. This business
model is suitable because not more than 10 companies are working in this section as well as
investment is also high (Galí, 2015). This model provide more and more profit and also support
economy to grow through right advises to many small business start up's.
2. BUSINESS PLAN
2.1 Structure of business
This business is dealing in online legal documents providence to all such start up's which
are new in nature. This sort of organisation is new to market and many people are less aware
about them as well. Hence, they are following a simple structure of business where reporting
relationship is easy. Employees have a right to easily communicate with superior authority and
share their ideas and view about new development as well.
(Sources: The structure of an organisation, 2017)
This organisation chart stated that there is one director of a company which get elected from a
utmost good faith and a common discussion between 4 of the owners (Halpin and Biggs, 2014).
They hire a manager who is responsible to recruit more skilled personnel whom have effective
knowledge about all legal considerations which are taking place.
Manager divide this team into two groups under which one are providing legal
consideration and all new regulations of business at the time of start and another unit work for
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Illustration 1: The structure of an organisation, 2017
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auditing whom are inspecting books and financial statement through online (Hatziargyriou,
2014).
2.2 Job role assigned to business employees
Every organisation divide working and responsibilities between staff members according
to their skill. It is essential for every start up to select well trained and skilled candidates whom
have effective knowledge about an organisation and trustworthy as well. Thus, their roles have to
get assigned by taking their qualification and skills in consideration so that appropriate outcome
could be gain. Ultimate consultant assigned job roles to their employees by analysing them
effectively which is as follow:
Development of objectives is a major responsibility of director of a company. All aims
and targets get prepared by information which gather through manager of an
association. Director have to take whole association in account properly and then frame
their targets. Ultimate Consultant director conduct meeting in their initial year and then
prepare objectives of working effectively.
Manager of an organisation play an effective role in order to execute all plan and
strategies of business properly. Their work is to follow all instructions which provided
by director of a company and select such employees as well whom have better
knowledge to deal with various issues and problems properly.
Team leaders: Ultimate consultant mainly prepare two teams and divide them properly
as well. The major work which have to get done by TL of an association is to guide all
candidates properly and let them aware as well with all policies of an organisation with
objectives and aims. Both teams have equal number of operatives which are 5 out of
them one unit is working towards online auditing of financial statement and provide
such information to another group so that they can provide suggestion of legal
documents in a report manner. Team leaders work is to analyse such reports properly so
that chances of differences get reduce and work get appreciated (Keck, 2015).
HR manager: A major task which get done by HR division is to take interview properly
so that management can enhance their number of operations. This enable them for
generating more and more revenue so that better and appropriate productivity level get
enhance.
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2.3 Role of manager
There are various manager level are identify in an organisation whom have distinct
working pattern. But in many small business there is only one manager who initiate
responsibility of working and execution of task. Manager role is to conduct and organise all
strategies in an appropriate manner so that better and effective outcomes could be gain. There is
only one manager identify in Ultimate consultant firm where team leaders are directly reporting
to manager of an organisation for daily working (Ragsdale, 2014).
The role of Ultimate consultant firm manager is to recruit and select such candidates
whom have better knowledge of working as well as looking upon on each and every activity
which get done by Team leaders. Along with this, manager also lead to present company
effectively in front of clients by regular inspection on internal affairs.
Ultimate consultant is a small business unit which is providing online suggestion about
legal documents to many small start up's. Their manager role is to plan and direct all working
properly which get prepare by Director of a company. It is his duty to oversee whole association
as a integrated business unit where communication of each and every single data could take
place properly.
2.4 Product and service related details
New business are always come up with an innovative idea which lead to satisfied more
and more users. Ultimate Consultant business is to deliver online solution to all small business
start up whom do not have appropriate knowledge about legal considerations of a country where
they want to incorporate business working. Hence, product and services related details of a
business are described as follow:
Providing online solution to many business start ups with a motive to commence
activities properly
Inspecting books or auditing of an association investment
Also provide services to arrange investors for start up's by analysing feasibility
Work as a recruitment agency as well where appropriate qualified candidate get selected
All these services are deliver by Ultimate consultant with a motive to support and provide
strength to business world so that they can sustain at market for long term (Seligman and
Csikszentmihalyi, 20144). Along with this, they also enable management to work on values by
taking all legal norms in account properly. This facilitate them to arrange and maximise number
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of operations in an appropriate manner. Such business segment is new in nature and they also
work as a HR and recruitment agency (Trapp, 2014).
2.5 Distribution of services
Every business have to use appropriate distribution channel of their product and services.
This distribution channel facilitate an option to all users in order to gain effective products and
services. There are mainly four main types of distribution channel are identify through which
business get deliver their offerings to target customers.
Zero level
One level
Two level
Three level
All these level have to take in account by Ultimate Consultant group in account and out of them
they choose zero level channel of distribution. Their is no intermediate get identify in their
operations of working due to commencing at small level.
Zero level channel enable them in performing all things in an appropriate manner so that
better and effective outcomes could be gain. All employees and staff members are ultimate
service provider to end users.
Manager of a company have to use aggressive promotion tools and techniques into their
business so that more and more number of users get determine about them and reach properly as
well. This distribution channel is effective in nature and whole profit get completely consumed
by an organisation itself not by any other intermediate.
Through this process clients and users become able to reach to an association for gaining
appropriate solution of all legal constraints. This acquisition process enable them in making
operations effective and right services get deliver as well properly. For this consent, business is
using push strategy so that more and more users get easily attracted towards the products and
services (Armstrong and et. al., 2015).
Moreover, this idea is new in nature where multiple number of services are a;ready
distributing in an appropriate manner. This need more and more aggressive marketing mix use
for analysing the market and optimum services get deliver to target group in an appropriate
manner (Bellizzi and Hasty, 2015).
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2.6 General overview with 4p's of marketing
Marketing mix is a best option for a business so that management become able to deliver
their quality products to target number of customers. Along with this, business have to determine
and select an appropriate market as well where they are going to make more focus. Ultimate
consultant marketing mix for reaching and deliver quality based services to users are described
as follow which enable them in making operations effective and apply suitable promotion
campaign as well in order to services absolute in nature (The Marketing Mix 4P’s and 7P’s
Explained, 2017).
(Sources: The Marketing Mix 4P’s and 7P’s Explained, 2017) Product: A product is a item which used to satisfy the needs and demands of an
individual. Ultimate Consultant are service provider company and for them their services
are appropriate product. Hence, for better quality delivery of services management have
to recruit such candidates in an association whom are dedicated towards quality work and
perform role properly as well in order to provide quality standard services to all clients.
This facilitate them an option to bring and make operations appropriate in nature.
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Illustration 2: The Marketing Mix 4P’s and 7P’s Explained,
2017
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Price: It is essential for an organisation to use effective pricing strategy so that they are
going to work in more effective and appropriate manner. It is an amount which user lead
to pay for obtaining such thing. Service sector industry charge such amount of money
which which enable them in making clients more satisfied. Ultimate Consultant price of
services are getting framed in accordance with users point of view which lead to satisfy
them properly (Galí, 2015). Place: Ultimate consultancy are dealing in services which are related with legal
documents description, auditing of books and journals, recruitment etc. But their place of
service delivery is establish at London, UK from where all online dealings take place.
This enable them in gaining customers trust because many online business association do
not have a fixed place and this create chances of unfair practices.
Promotion: Ultimate Consultancy require more aggressive technique of promotion in
which they can use social media, print media as a best source to make the information
available to each and every user. An effective promotion strategy always support in boost
sales, operations and revenue of business. Along with this, it also help in making an
effective public relation so that appropriate outcomes could ascertain.
3. FURTHER PLAN
Business expansion is not a easy thing and it require more and more fund to operate
business activities properly because wide range of users get added into an organisation. Ultimate
Consultancy are dealing in services which are related with legal solution for small business start
up's through online, auditing plan through books and financial statements etc. Hence,
management of a company have to take active participation in expansion project for future if
business become successful in initial two years (Halpin and Biggs, 2014). On the basis of two
years successful operations in keen competitive world, growth and further plans are based on
strategies which are as follow:
Expansion become possible by identifying new market and area for working
Another expansion become possible through opening various stores and chains
Start adding some new services and offerings so that satisfaction level get enhance
Identify all innovative and growth related ideas in an appropriate manner
Improve infrastructure as well by investing more into it
A further expansion plan for Ultimate Consultancy are described as follow:
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Product & services Competitors Price
Legal constraints provider Terminis Ultimate Consultancy prices
are low relatively such
competitors
Consultancy firm for
recruitment
Ariel Venture Recruitment consultancy
prices are high in nature
because it is quite hectic work
Auditing Clause Match Business prices are moderate
with their major competitors.
For business growth, management have to implement the growth related strategy into
business under which they have to identify new market world and developed their product as
well (Trapp, 2014). For this relation they are going to identify the new market world as well as
improve quality of offerings as well through which more and more profit get ascertain and
expansion become successful in manner as well.
CONCLUSION
It get concludes from the project that every new and small business ventures have to
conduct the investigation into an appropriate manner so that they become able to make
something new and differ from major competitors. This enable them in gaining competitive
advantage for business through which maximum output could accomplish. Along with this, they
also have to prepare a proper business plan in order to which roles and responsibilities get
divided properly. At last, if all things get done properly then they have to expand all business
activities properly.
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REFERENCES
Books and Journals
Armstrong, G. and et. al., 2015. Marketing: an introduction. Pearson Education.
Bellizzi, J. A. and Hasty, R. W., 2015. Business and Nonbusiness Student Perceptions of
Questionable Advertising Practices. In Proceedings of the 1982 Academy of Marketing
Science (AMS) Annual Conference (pp. 241-244). Springer, Cham.
Galí, J., 2015. Monetary policy, inflation, and the business cycle: an introduction to the new
Keynesian framework and its applications. Princeton University Press.
Halpin, A. L. and Biggs, W. D., 2014. Internationalizing the Introduction to Business Course
Using an International Text and Domestic Simulation with a Twist. Developments in
Business Simulation and Experiential Learning. 27.
Hatziargyriou, N. ed., 2014. Microgrids: architectures and control. Wiley/IEEE Press.
Keck, S. L., 2015. Introduction. In British Burma in the New Century, 1895–1918 (pp. 1-27).
Palgrave Macmillan, London.
Ragsdale, C., 2014. Spreadsheet Modeling and Decision Analysis: A Practical Introduction to
Business Analytics. Nelson Education.
Seligman, M. E. and Csikszentmihalyi, M., 2014. Positive psychology: An introduction. In Flow
and the foundations of positive psychology (pp. 279-298). Springer Netherlands.
Trapp, M., 2014. Introduction. In Realizing Business Model Innovation (pp. 1-10). Springer
Gabler, Wiesbaden.
Online
The Marketing Mix 4P’s and 7P’s Explained. 2017. [Online]. Available through
:<http://marketingmix.co.uk/>.
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