recruitment agency start up Business plam

2,500 word business plan, the rest of the information will go into the appendix recruitment agency start up plan business plan for a new recruitment agency the plan will have to have a detailed financial cost and a financial forecast for year 1, 2 and 3 Objectives • Develop and present a business plan with special emphasis on operational, financial and marketing aspects of the business (LO1, LO3, LO5) • Understand and demonstrate the use of qualitative and quantitative information for decision making applied to business planning (LO4) • Identify and evaluate business problems and opportunities for the purpose of creating a small business (LO2) The plan should give clear consideration to the following as deemed appropriate: • Clear business aim and objectives • Clear description of the product/service • Detailed marketing research and potential growth through identification of potential customers and market trends • Competitor analysis • Clear and innovative marketing strategies incorporated within a Marketing Plan • Business strategies that will be adopted • Financial feasibilities • Sources of finance • Any relevant legal rules (e.g. employment) or regulations • Use of information and communication technology to achieve business objectives • Identify potential risks and ways to mitigate these risks for future expansion The business idea is feasible and considered attractive • Marketing data consists of both primary and secondary data. These are largely complete and consider both qualitative and quantitative data to support the business idea. An effective Marketing Plan is included with good supporting evidence • Financial projections are considered highly realistic and relatively comprehensive • Good reference is made to operational aspects, legal aspects or human resources of the business • Supporting IS/IT aspects are considered very well • Structure of report is in clearly defined with appropriate sections/subsections. Minor mistakes in spelling and grammar permissible. However, a very good use of vocabulary and technical terms in support throughout.