Wednesday, April 29, 2020

Triangle Solution Business Proposal

Executive Summary Triangle solution is a business consulting firm which has been around for the past 12 years. Currently the business has tailored its services to cater for the needs of corporate clients.Advertising We will write a custom essay sample on Triangle Solution Business specifically for you for only $16.05 $11/page Learn More After observing the current market situations and projecting future industry trends, the company concluded that it would be prudent to design services to cater for individual retail clients. Particular, an opportunity to offer training in strategic career planning and financial management to individuals exists (Telfer, 2009). The potential market size is quite large as measured by total sales value. Total sales value is the amount of money the retail client would be willing to use acquire the services which will be offered by the company (Thompson, 2005). This method was suggested since measuring the total sales volume wo uld be a rather daunting task. Approximately the size is 40 billion; this figure is estimated based on the amount expected to be spend by the employed and self-employed middle and high income earner. This group form the target market (Lennox Becker, 2008). The organization also recognizes the importance of having a diverse and multidiscipline workforce. Therefore, it intends to acquire the services of financial experts, career planners, marketers, researches, sales consultants and last but not least financial experts. These professional will be in charge of different roles and responsibilities all dedicated towards serving the client better. Similarly, the business is expected grow over time and therefore variable cost will automatically increase. However, the KISS approach will be adopted to maintain favourable product scalability (Lennox Becker, 2008). An intrepreneurial approach that involves setting up a subsidiary to manage the retail tailored service is the most appropriate approach that can ensure the organization achieve its ambitious sales target. Business Description Triangle solutions, a Business consulting firm with its headquarters in New York, was established in 1998. Over the last 12 years, the company has established itself to become one of the most respectable and recognized firm specializing in human resource planning and development, strategic management, and financial consulting. Its stakeholders are very proud of its achievements, particularly in helping its corporate clients formulate and implement their business strategy and as a result achieve tremendous success. Nonetheless, the research and development department feel that the organization should extend its services to target potential retail clients.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Retail Services The decision to offer retail services was arrived after it was established th at most consulting firms only focus on corporate clients. Individuals therefore find it difficult to formulate conclusive strategies that will help them achieve their career and financial aspiration. Being able to formulate a strategy that will enable individual achieve success in the two key areas is as important to them as it is to the corporate clients (Telfer, 2009). Therefore triangle solutions, intends to offer training and development programs in the field. Market size Determining the size of the market is usually a daunting task since the necessary data and information needed for this purpose is hardly ever organized (Thompson, 2005). However, this can be estimated using consumer demographic and consumption patterns. In simple terms, the market size is the total sales volume and/or value in the market (Thompson, 2005). In this particular situation the sale value will be most useful. This is because it is measured in terms of the amount of money spent by individuals to acquir e training in the field of career development and financial management. Measuring the sale volume is almost impossible in this case since the services cannot be quantified in terms of units sold. In order to be more accurate on the market size, the organization will consider only the sales value of their niche market. The organization will target the employed and/or self-employed middle and high-income earner. There was no readily available figures to indicate the amount of money spend by this group on the services. However based on the case studies and competitors analysis, the annual sale value is approximately 45 billion dollar (Lennox Becker, 2008). Personnel Requirement To successfully offer the proposed services, the organization must ensure it dedicates a well able team. The team therefore must fulfil certain requirements. The senior manager in charge of overseeing the progress of retail strategic training and development programs will be expected to have skills, experience and knowledge in public relation and marketing. In the first stages, the company intends to employ 4 career planners. These specialists are expected to help clients in the evaluation of jobs and careers, resume writing, analysing the industry, counselling and training through seminars and workshops. Therefore, they should have experience, knowledge and skills in training, communication and people’s management. To maintain an intelligent right sizing and avoid unnecessary costs associated with human resource management, triangle solutions will combine the duties of a financial analyst and planner. As result, 5 financial analysts will be charged with this role. They should have financial and researching skills.Advertising We will write a custom essay sample on Triangle Solution Business specifically for you for only $16.05 $11/page Learn More The company will invest in two charter financial analyst to attain competitiveness in filed. Lastly the com pany will partner with independent sales consultant. The consultants will be chosen based on the experience, skills and proven performance track record. Bonus system, based on the amount of sale successfully executed will be adopted. Product Scalability Judging by the business model to be adopted and the capability of the workforce team, it is expected for the business to grow rapidly. Luckily, due diligence have been conducted to ensure the increased in variable cost does not have negative impact on the contribution margin. Variable costs usually increase as a result of increase in expenses (Lennox Becker, 2008). In this particular case, the costs are expected due increase in salary and wages as result of employing more staff for expansion purposes. However to maintain a high scalable range, employees will only be added if an increase in demand for the services is experienced. This rule nonetheless excludes the sales consultants because they are paid on commission basis which is p urely based on performance. Are Kip It simple Approach (KISS), is also going to be used to resolve any issue reducing the scalability range. Venture Cost After conducting a prior analysis, the following costs are expected to be incurred. Expenses Cost (USD) Salary and wages (first month) 50,000 Staff training and development 10,000 Office rental 10,000 Utilities 2,000 Equipments 5,000 Miscellaneous 5,000 License and registration 4,500 Sales and Marketing 6,000 Total Cost 92,500 Profitability Due to the nature of the proposed business, most of the total cost fall under the category of operational cost. Sales projection is used to estimate the potential profit to be gained from a business idea (Thompson, 2005). The first month the organization expects to get an approximately 1,000 clients who will spend 500$ dollars on the services. Therefore, the total sales will be 500,000$. To get the expected profit, you deduct the estimated cost from this figure. That is 5 00,000-92,500=407,500$. Strategy An Intrapreneurship approach is going to be adopted for this venture. One of the main reasons why this approach might be chosen is to regenerate the entrepreneurship spirit that might have been relatively reduced as a result of over expansion (Gannon Patson, 2008). Therefore, the retail services are going to be offered through a subsidiary that is going to be known as Triangle Ret Inc. Although, the subsidiary is still part of the parent company, the strategy shall give the multidisciplinary team the autonomy to practice their creativity and innovation. As earlier describe this team comprises of people from diverse professional background namely; marketing, public relation, finance, career planning, analysis and research.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As indicated by previous research, a diverse workforce has the potential of increasing creativity and innovativeness, a factor that is going to serve the new venture well (Gannon Patson, 2008). Some of the employees already working on the parent organization will be presented with the offer of working in the subsidiary. Also, another benefit of adopting this strategy is to mitigate the risk associated with operating in the corporate business consulting industry. The risks mostly result from either competition or legal factors (Gannon Patson, 2008). Conclusion With feasibility study having been conducted, it is expected triangle solution new venture will be profitable. The fact that intrepreneurship approach provides an opportunity for the multi-disciplinary team to be innovative and creative, the new subsidiary, Triangle Ret Inc, will definitely be competitive. The scalability of the product, assures interested parties such as investor that continuity of the business is almost cer tain. References Gannon, M., Patson, L. (2008). Intrapreneurship-The way to Achieve  Competitive Edge.London: Rutledge. Lennox, K., Becker, N. (2008). A Guide to Setting-Up a Business. St Luis: Mosby. Telfer, G. (2009). Consulting for Sustainability: Re-Branding Consulting Business.  The consulting industry report, 4(3), 10-25. Thompson, L. (2005). Determining the Feasibility of a Business Idea. New Jersey: Prentice Hall. This essay on Triangle Solution Business was written and submitted by user Gabriella Becker to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Tuesday, April 14, 2020

Tips For Writing a Successful Sample Format For MBA Application

Tips For Writing a Successful Sample Format For MBA ApplicationYour sample format for MBA application is crucial to get the most from it. This is true whether you are going for an executive MBA, a management MBA or a PhD. It is also critical whether you are preparing for an entry-level position, such as entry level analyst, or you are preparing for a managerial position, such as director of sales.There are a number of different ways in which your sample MBA format can help. Here are a few things that you should consider.When your objective or sample format is not well worded or written, it can hurt your chances. To make sure that your objective or sample format will be effective, you need to know exactly what your objective or sample format should be about. Ideally, the first paragraph of your sample should identify the reason why you are applying for the MBA. In addition, the next paragraph should explain how you came to be the person that you are today.Ideally, a sample for MBA app lication should not have any references or opinions in it. Some examples of that would be, if you are applying for an executive MBA, references such as your good grades and references from high school. The opinion part is unnecessary and should not be included.A sample for MBA application should not be in a particular language. It is not uncommon for an application to have a sample of a language other than English on it. If you are applying for a PhD, it would be best to write in English.Finally, the sample for MBA application should not include a section on the characteristics of an ideal candidate. While it may be helpful to include this section, it is best to leaveit out. Most potential employers prefer that candidates are able to express themselves with more than just their job experiences.Ultimately, a sample for MBA application should be able to apply to more than one type of job. As such, you want to write the objective or sample in such a way that it applies to multiple posi tions. Thus, avoid including an opinion section, because it will become a distraction.Attaining the position of the successful candidates with the help of a sample MBA format is all about knowing what to do and what not to do. Follow these tips for the most effective sample format and an MBA application that are effective.