Companies must ensure their employees are provided with the best tools and training. Retreats can be used to support colleagues and help them work together. This helps reduce turnover. Happy coworkers mean happy customers
Solution
Corporate Retreat Professionals (CRP), an event planning company that specializes in corporate clients, is called Corporate Retreat Professionals. CRP will offer retreat training services and product launches event planning. You can choose to receive retreat training in leadership development or team building skills training. CRP can help with both the planning and hosting of these types of retreats by partnering with one of its strategic business partners.
Market
Event planning is a profitable business. In some cases, large companies will have to make cuts in their training budgets due to economic downturns. For short-sighted companies, however, this may not be true. The benchmark companies may trim down the workforce during a downturn, but they do not cut funds for training. They know that investing in human capital is always a wise investment. CRP plans to make good on this. In economic downturns, many companies still have product launches, and will still require someone to organize them. CRP will take advantage of this increasing demand to provide corporate event planning and hosting services.
Concurrence
In the past, large corporations were able to buy from outside vendors. This trend is changing in favor of outsourcing. There is an insatiable desire to increase efficiency.
Why Us?
Corporate Retreat Professionals will provide companies with the highest level of event planning. Our goal is to keep customers coming back. Everything else will follow this principle. Our services will meet or exceed customer expectations.
Expectations
Financial Highlights for the Year
You will need financing
We will be getting $50,000 from the owner and founder of the company.
GlobeSpan Meeting Planners, Inc., or GlobeSpan, is a company that will specialize in meeting planners representing all industries. The founders have over 17 year experience in the hospitality industry, working with domestic and international meeting planners. GlobeSpan will let the founders use their experience working with hotel and resort managers around the globe to help them become meeting planners.
GlobeSpan Meeting Planners will partner with HelmsBriscoe, the industry’s largest and finest meeting and conference resource firm thus placing a full service meeting operational division at GlobeSpan’s disposal.
1.1 Mission
GlobeSpan Meeting Planners strives to be the most successful member of HelmsBriscoe by providing superior service to its clients. GlobeSpan provides a comprehensive meeting resource that includes hotel/resort location searches, rate negotiation and contract negotiation. GlobeSpan also offers complete event planning and assistance for clients at no additional cost. GlobeSpan will be compensated by the hotels/resorts, and by the complete event planning/airline/cruise assistance offered by HelmsBriscoe’s Resource One at the rate of six percent of gross revenues generated, paid in commission. GlobeSpan offers its clients an alternative that is easy and valuable, as well as flexible work environments with fair compensation.
Success: 1.2 Keys
We will succeed by focusing on four key elements
Continuous and diligent prospecting for clients.
Provide timely, reliable, money-saving site searches representing only the hotels/resorts which best reflect the clients’ needs.
Maximizing revenue potential by offering all commission-based services provided by HelmsBriscoe’s Resource One, turning a program which would have been commission on hotel rooms only revenue into commission on complete program revenue (air, production/audiovisual, program planning).
To offer more value to your client, you can leverage the expertise of both owners.
1.3 Objectives
To receive a gross sale commission of $30,000 until December 31, Year 1.
To book a $120,000 gross sales commission by December 31, Year 2.
To receive a gross commission of $284,000 in December 31, Year 3.
To completely repay small business loan of $50,000 by July 1, Year 4.
Business Solutions Consulting (BSC), a start-up consultancy firm, focuses on the complete needs of businesses across all stages of the business cycle. BSC offers a balanced and high-quality service, thanks to its core team made up of highly skilled professionals.
The Company
Business Solutions Consulting is a group of six business consultants. Each consultant is a specialist in one discipline: finance, marketing, sales, technology, operations, human resources, and management.
BSC offers many services to business owners, each tailored to their business needs. These include business and marketing plans preparation, financial search, procurement, IT consulting services and management development.
BSC will have a focus on start-up businesses, preferably in the earlier stages of operation. It is small and mid-sized businesses that make up the majority of U.S., and international markets. BSC prefers to establish a relationship with a younger operation and continue to nurture that relationship over the long term.
BSC will be a Oregon-based LLC. It will have two principal partners who each own a 50% share of the company. Andrew B. Christiansen, a CFO at DEF International and ABC Conglomerate, has extensive experience in financial planning and finance. Mr. David E. Fields brings in experience in the area of marketing, advertising, and communications.
The Market
The business consulting industry is very fragmented. There are many large multinational companies that dominate the business consulting industry. However, there are also smaller firms (often more specialized) who occupy their niches. By providing services to leading companies across a variety of industries, major management consulting companies such as McKinsey or Bain have made their position very strong. The Big Five accounting firms are known for their consulting practices (a.k.a. the Big Five) have established worldwide presence and sell their packaged services to companies of different sizes and industries. Numerous businesses and individuals are also able make a profit in niche markets that bigger players might not consider profitable.
This firm is looking for start-up companies. BSC is committed to staying on top of the latest business activity in the region. Additionally, business contacts, referrals from among the group, and Internet marketing efforts will be made in pursuit of new clients. Start-up companies are attractive because owners often lack the broad range of knowledge and expertise required to launch a new business. These types of consulting services are in high demand and a real need on the market.
BSC is not the only company offering many of the services offered by competitors. Information-based consulting, management and integration are just a few of the services offered by BSC. Services can be used to increase the effectiveness of clients’ operations through improved cost and customer service, increased quality of current product lines, and faster introductions of products and/or services. Competitors offer industry-specific experience to help you objectively evaluate, select and develop information systems, networks, or applications.
Consulting firms BSC is competing with include regional and specialty consulting firms, as well as the consulting groups of international accounting forms such as KPMG LLP, Ernst & Young LLP, Deloitte & Touche LLP, PricewaterhouseCoopers LLP, and Andersen Consulting. BSC competes among information system vendors, including Integrated Systems Solution Corporation, Electronic Data Systems Corporation, Perot Systems Corporation, SAIC, CAP Gemini America, Inc., Computer Sciences Corporation, as well the management and IT consulting services. BSC competes in e-commerce with both traditional and newer competitors such as Scient, TriZetto and Razorfish.
Financial
BSC’s co-owners, Andrew B. Christiansen and David E. Fields, will each provide $50,000 that will cover the bulk of the start-up expenses. The $100,000 Small Business Administration (SBA), 10-year loan, will cover the remainder. These funds combined will be sufficient for the company to cover its expenses for the first one year of operation. This is the most crucial cash flow aspect.
BSC’#8217
The Break-even Analysis takes into account the average of the first year’s total sales, excluding salaries, bonuses, and other operating expenses. This analysis shows that BSC will reach break-even in the tenth month.
1.1 Mission
Business Solutions Consulting provides comprehensive consulting services. BSC will provide specialized and personal services that meet the needs of each client.
1.2 Keys to Success
BSC’s keys to success include:
A group of professionals that have complementary specialties.
A high level of experience in these specialty areas.
For most consulting projects, a team approach is required.
Many business contacts among the consultant group.
The fast pace of the world we live in leaves little time for extra things we would like to do, like plan events, parties, and social get-togethers. Due to rising incomes and increasing population, this service is in high demand.
Solution
Occasionsis equal opportunity business. It offers its expertise and products to help customers plan their events. Party Packs (complete kits for their event), make hosting a party a snap, right down to the refreshments. Event planning software allows users to plan interactive events as easily as from their own computers. Occasions is committed to being the most trusted resource for every event.
Market
The market for event planners is broken down into many distinct segments. Both individuals and businesses need the services we offer. To provide the best information possible, we divide the market into age groups and private and public organizations.
Competition
Occasions stands out in a competitive market. Occasions competes against conference centers, hotels with conference facilities, other event planners on a large and small scale, individuals within an organisation who are given the task of organizing events, and those who want to organize their own events. Our services are far superior in price and quality to those offered by our competitors.
Why Us
Occasions has a primary purpose to be a service-oriented business. However, we also offer products which can help customers plan their event. Customers get our knowledge and contacts to plan their perfect event at an affordable price.
Expectations
Forecast
Tax rates are noted for information. These rates would not impact our loan burden. What hits Occasions the hardest (but not nearly are bad as other service businesses), is the tax rate of 24%, which is nearly one quarter of the total sales. These numbers will become more of a reference than influence as Occasions grows.
Financial Highlights by Year
Financing Required
Owners will contribute $25,000 to cover startup costs and salary for this part-time business.
Portland Oregon has many people who need investment advice and estate planning assistance.
Solution
Grizzly Bear Financial Managers offers comprehensive financial planning and estate planning services. Grizzly’’s services are extensive in terms of available products (mutual fund, equities and estate planning) as well as depth of research. Although it can be expensive for Grizzly for in-depth research to determine potential investments and options for clients, this will likely be offset by a long-lasting relationship built from earned respect.
Market
Grizzly Bear Financial Advisors will market their services in two ways. One, to those who require investment advice. Two, to those who need assistance with estate planning. These two groups will both be targeted by public seminars and networking activities. Prospective customers will be converted by Grizzly’s competitive edge of deep-rooted research and thoroughness when they use its services.
Competition
Most consumers base their buying habits on the people they know. It is difficult to decide on a financial planner because there is so much information. It is easy to obtain a referral for a financial planner, as most people over the age of 65 have visited one.
Why Us?
Grizzly Bear Financial Managers’#8217′ mission is to provide financial planning services that are comprehensive for all our customers. Our mission is to retain and attract customers. When we adhere to this maxim, everything else will fall into place. We will exceed your expectations with our services.
Expectations
Forecast
Grizzly will be profitable by month eight, and modest profits by year three.
Financial Highlights for the Year
You will need financing
Meghan will put in $23,000 to help start this business.
