Starting a new business requires proper planning and proper implementation of such planning in business operations. In the following study, the focus will be on establishing a new business and developing plans for it. Queste Communications ltd is one of the major, and most rapidly growing telecommunications company in Australia. The scope of this company is extended to various other sectors such as, Information Technology and production as well as marketing of olive oil. The company is going to invest in a new business that is a Stock Broking firm (Financial services sector). The study focuses on developing a plan and research before starting a new business.
Queste Communications ltd
The Queste Communication ltd is a telecommunication organisation, who handles the information related technology in the effective way. The organisation has been established in the year of 1998. The company has around 59.86% interest in the company of ASX listed investment. Total investment of company in September is around $62. The organisation expands their business in the very quick way.
In order to increase the business, the authority of business enterprises needs to provide advertisement in the media. Providing advertisement in media helps to bring effective outcome. In order to provide advertisement, the authority of Queste Communication ltd has chosen social media as most of people can access social media.
On the other hand, they can advertise through tv or radio for making people know about their services.
Proper resources help to extent the business in the contemporary market. In order to develop the business plan, availability of supplier, cost and many others are necessary.
In order to develop business area of Queste communication ltd, authority needs to decide their cost as they can make their plan in the effective way.
On the other hand, the suppliers of the venture help to increase the sale of the enterprises. In case of Queste Communication ltd, suppliers can provide information about their services to the customers. As they venture has introduced with Stock broking Firm, they need to increase their capital. Henceforth, it is necessary for them to incorporate large number of shareholders in their business. Their availability can assure their success in the contemporary competitive market.
Establishment and purpose of business plan
In order to prepare a proper business plan, determination of purpose of plan is necessary. Purpose of plan represents “what does the business wants to achieve, its goal and ambition?”. Establishing an accurate business plan requires a dedicated field research. Proper planning helps in the daily operations of the business and predicts the market variations.
Essential components of business plan
The major components of a business plan refer to the various elements that is required for proper functioning of the business. Proper planning requires availability of adequate funds that is, capital requirements, experienced personnels and an active management team. These elements provide necessary fuel for the proper management of the business.
Finance, Legal and Compliance Requirements
Finance requirements refer to the funds needed for investment purpose. Before starting a business, a fixed amount of investment is made as working capital that helps in running the day-to-day operation of the business. According to the Auditor’s report of the company, as presented in AGM 2016, working capital requirements for the new Stocking Broking firm is around $9 million. There are few costs other than working capital such as, Research and Development cost, Staff salary, Recruitment cost and others. An estimate is made and a fixed amount is set aside to meet this expenses. Amount allocated are as follows, Research and Development cost ($3.2 million), Staff salary ($2.90 million), Recruitment cost ($1.8 million) and others ($1.2 million). The management of Queste Communications ltd is planning to raise the required funds by selling its existing shareholding in Orion Equities ltd by 19% and remaining funds by selling the bonds of a public company.
Legal and compliance requirements mean abiding by the rules and regulations formed by the appropriate body for management of the company. As per the Government Regulatory Framework relating to Securities and Exchange Board, forming a Stock Broking firm requires abundance of legal and paperwork. The proposed firm needs to pass the eligibility criteria set for the formation of new firm. There are several Tax regulations for which the proposed firm needs to be registered.
Developing plans for a new Stock Broking firm is a time-consuming task. It requires a detailed research on market demands, market professionalism, size and scope of the market. As per the report of the company’s auditor, financial services sector is a very competitive sector where innovative techniques to improve the quality of the product & services are the only way to get hold of this market. Quality development will help to create a competitive edge over competitors. According to the Auditor’s report, this market has a contribution of
21% in country’s economy with a total trade volume of $288.61 billion. As per the Government assumption and growth reports, this sector will be the third largest contributor in the economy of Australia in next 5 years. The potential reach of this market is enormous a
Dear sir madam, Thank you and appreciated your good output. I was really worried about this assignment because the deadline was already passed however you gave me the final document with experts assistance that was really great and I’m satisfied with the final solution. Thanks again
highly satisfied to give assessments when we are too busy and cannot summit our task on time.
Great service… Quick response… Nicely judge the requirements of the assignment… It seems like exert has gone through the specifications very carefully… I would prefer same expert again when I will have database assignment again in future… Thanks very much…
5 starts for following the requirements in the first go, extensively researched, to the point discussion in the research paper. Referencing seems to be on point. Excellent writer Good work, Cheers!!
This assignment i go r23.5/30 I’m happy your high quality work Thanks for helping
I recommend all my friends . They always get work done in emergency . Experts are too good . Provide them wid notes as well
good writers i love your assignment a lot. lot of value for your assignment. good website. lots of helpful to students.
Definitely gave me the help that I needed for this course. I would recommend my assignment help to anyone.
On time and great work. Simulation and paragraphs. You made it according to template. Thank you.
Good work done by MAH team. Very good understanding of the topic and hit it right.
I want u to do my next assignments..i will talk with the management i hope they can figure it out..our presentation n some contents are really good…G …
thank you very much for your help good assignment on time delivery and good work..
great assignment, was very excellent and passed it with no problems, really appreciate thanks
Original work and affordability are the biggest reasons for me to hire them over and over again. I like their professionalism and services. Keep up the good work.
The topic was too tricky for me to understand and that’s why I sought writing support from them. They met all my requirements and did justice to my order. Wonderful service!
I was expecting to receive the document in Harvard referencing style, but I actually got it in Oxford. I immediately approached them, and they got my work done according to me in a day. They didn’t ask for money on the changes made. Thanks guys!
I found them very professional as they quickly respond to the urgent requests. I wanted them to work on a few things in my final order, and they did it exactly as per my specifications without charging any extra money. Good services!
I found it hard to place an order with them as the line was constantly busy. But through their mobile App, it has become simple to approach them. I got my assignment on time, and it was nicely written. Highly recommended.
It takes a lot of time to research on an assignment topic given by the professor. I as I wanted to save my time, I simply contacted them via email and got their respond then and there. They followed all the specifications given. Thanks guys!
I wanted them to do certain changes in my document as I wasn’t satisfied at first. But, the writer assigned to me did the rework and sent me the order just in a day. Thanks guys! Good services. Marsha Marshall ,USA
live in London, and most of the time I travel owing to my work responsibilities. I got to know about them from a friend, and it’s been quite a while that their expert team of writers is supporting me with the college projects. I’m highly satisfied with their services. Keep doing a good job!
Scored good grades Due to time constraints, I hired them, and they handled the entire task amazingly. I submitted my order within the deadlines. I scored good grades, thanks guys!
I never knew they could be of such a great support. My order was written excellently and the format used was correct as well. Keep up the good work!
I needed help with my order from someone whom I can rely on completely. A buddy suggested me to hire them. They are really best at their work. I got my order on time.
Big thanks to the team of Instant Assignment Help as they delivered me the order just in time. Their customer support executives were available even at odd hours to resolve my urgent queries.
Good services! I found them very professional as they always keep in mind the requirements shared by their clients. Keep up the good work.
The format used was just like the way I wanted. I never thought they could write my document so well. I will surely recommend them to my friends.
While writing my assignment, I got confused about the referencing style that I had to use, and that is why I thought to seek help from their experts. To my surprise, I got exactly what my college professor wanted.
I wanted my writer to draft my order according to the specifications made and owing to some miscommunication; he forgot to mention some of the important points. But when I told him to do the changes, he did the rework patiently. I’m happy with their services.
Online writing companies charge high prices for their services, and this was the reason why I never thought to take writing support online. But Instant Assignment Help is different from others. They deliver a good quality document at affordable prices. Highly recommended!
Their services are fine as I can see there’s still room for improvement. I told them to use Vancouver referencing style, but mistakenly they used Oxford. The changes were made instantly when I asked them to.
Unit 1 Business and The Business Environment
Unit 1 Business and The Business Environment
Unit 1 Business and The Business Environment ,This assignment explores the case of H&M. Hennes and Mauritzis the largest fashion retailer in Europe at the present. Like ZARA, fashionable designs, high quality, affordable prices and its distribution system are keys to its success and rapid expansion worldwide. However, fast fashions, the most important factor of ZARA’s success, is not the one to make H&M more thriving in the market