Free Business Plan About Compensation And Benefit Consultants

Type of paper: Business Plan

Topic: Business, Company, Management, Customers, Products, Commerce, Trade, Trading

Pages: 7

Words: 1925

Published: 2020/12/08

1.0 Executive summary
Trading Unlimited LLC Company will be the leading Company Distributor of brand photographic and consumer Electronics. This will range from digital cameras, lenses and accessories, to cellular phones, multimedia flash, and television and storage devices. The Company will provide its products with the best price and the best solution. Trading Unlimited LLC Company will be directed by Bruno Kant, who will be the CEO; Thomas Brown will be the VP investor relations. Henry McAndrew will be the VP Research, Anthony Erikson will be the research manager, Bernard Kerry will be the Trading Manager and Jane Alison will be the company secretary. The main aim of the Company is to be the leading distributor of brand photographic and consumer Electronics. The Company will target to expand its sales across the world. The company aims to open many branches across the world. In the past years, many people have come to learn the importance of using brand photographic and consumer Electronics. Trading Unlimited LLC has demonstrated that the majority of respondents (close to 85%) are aware of the positive impacts of using photographic and consumer Electronics. Therefore, the company will work hard to make sure that it builds a loyal customer base across the world.
The company will attract new customers by giving offers and even free samples to some of its customers. The main competitors are Electic unlimited company and Sapatic unlimited company. These companies have been in the market for long time. They have a big market share hence will pose competition to Trading Unlimited LLC. The sales are expected to rise during festive seasons. The sales will be relatively low during the normal seasons. Since the larger market share is made up of higher learning students, the sales will relatively go down during vacation periods. The company will start with $5,000,000 under management and will get a 3% of fund annual management fee and 25% of the trading profits projected to be $4,000,000 per year.
2.0 Company description
2.1 Shareholders
Trading Unlimited LLC Company will be directed by Bruno Kant and Thomas Brown. There are other shareholders who will take other positions in the company like VP Research, Research Manager, Trading Manager and Secretary. With their experiences in various fields, they will be able to carry the Company ahead in terms of performance and also in meeting the Company’s objectives. With their help, there will be no many problems in financial management, they will create partner networks and creating new products and services that will meet the customer demands.
2.2 Products and services.
Trading Unlimited LLC Company will be the leading Company Distributor of brand photographic and consumer Electronics. This will range from digital cameras, lenses and accessories, to cellular phones, multimedia flash, and television and storage devices. The Company will provide its products with the best price and the best solution. The categories of the products are Accessories that will include Digital imaging accessories, Video Accessories and Wireless Accessories. Other shall include Audio, high performance, Digital photography and another consumer Technology, Video and Wireless Devices. The company aims at providing its products to the world in the near future.
2.3 Long-term goal of the company.
2.4 Objectives of the Company.
3.0 Market analysis summary.
In the past years, many people have come to learn the importance of using brand photographic and consumer Electronics. Trading Unlimited LLC has demonstrated that the majority of respondents (close to 85%) are aware of the positive impacts of using photographic and consumer Electronics. Therefore, the company will work hard to make sure that it builds a loyal customer base across the world.
3.1 Market segmentation.
Trading Unlimited LLC Company will concentrate its marketing activities on working class people and students in middle-level colleges and universities. This is the people who are most likely to be informed about the positive impacts of the products provided by the company. Therefore, they are the ones who can purchase them.
The following chart shows the projection of expected customer based on the assumption made from the research that was carried out by the company.
Figure 1: Pie chart
3.2 Target Market SegmentStrategy.
Trading Unlimited LLC will cater for the people that want to use their products. These people vary in professions, race, gender, age and even their preferences. Therefore, the company will different branches in the world. Those branches must be located in urban areas in those countries mostly near learning institutions. The sales will be a success since from the research that was carried out it is evident that customers will purchase the company’s products. The increase in a luxurious life in the world will lead people to purchase these products. It is evident that over time, the company will develop a loyal customer base across the world.
3.4 Market needs
Nowadays, people are in need of photographic and Electronics due to changing living trends. This is very important to the company since there will be a ready market for its products. Selling opportunities across the world will be very high. The company will produce products that will cater to the changing needs and preferences of the customers.
4.0 Industry Analysis
Averagely, there will be a lot of customers across the world. They are estimated as 35% of the world population. It is believed that most of the customer will be men, which will be represented by 20%. The demand for the Company’s products demand is expected t be very high during the festive seasons and relatively low during the normal seasons. Asia and Africa contents will be leading in terms of the number of loyal customers to the company.
4.1 Competition and Buying Patterns
4.1.1 Competition
The main competitors are Electic unlimited company and Sapatic unlimited company. These companies have been in the market for long time. They have a big market share hence will pose competition to Trading Unlimited LLC. These companies have got relatively many branches across the world. Despite this, Trading Unlimited LLC will stand a chance to lead in the market since it will produce quality and affordable products for its customers. The competitors produce low quality and expensive products. Their products are complicated to operate which makes the customers bored. Trading will produce products that are easy to use hence attracting many customers.
4.1.2 Buying patterns
Customers are bound to go for quality and relatively cheap photographic and Consumer Electronics products. The company will make sure that, it produces quality products and ensure that they can meet the needs and preferences of the customers. This will be a reason for the customers to prefer purchasing the company’s products as compared to the competitors’. In addition to that, customers take into account the simplicity of using the Electronic products.
5.0 Marketing strategies and implementation summary
The company will attract new customers by giving offers and even free samples to some of its customers. It will also make sure that it retains the existing one and by any means encourage them to spend more money on the products of the company. The company will be able to meet its objectives by creating a loyal customer base.The revenue of the company will be boosted and also favorable referrals are provided.
5.1 Competitive Edge
The company will make sure that it produces quality and affordable products. This will make the customers shift to the company’s products. The company is planning to introduce online services where the customers will be able to order for the products and services online at any time of the day.
5.2 Sales Strategy
Trading Unlimited LLC will use the 4Ps strategy to advertising and sell its products. It is believed that by use of price, product, place and promotion strategies will increase the sales across the world. To advertise further, the company will pump a lot of money on television and printing Medias to increase their product awareness in the market.
5.3 Sales Forecast
The sales are expected to rise during festive seasons. The sales will be relatively low during the normal seasons. Since the larger market share is made up of higher learning students, the sales will relatively go down during vacation periods. The company’s will gain popularity as the sales are expected to grow. This is because; the reputation of the company will have gained a loyal following for its quality and cheaper products.
6.0 Management summary.
Trading Unlimited LLC Company will be directed by Bruno Kant, who will be the CEO, Thomas Brown will be the VP investor relations. Henry McAndrew will be the VP Research, Anthony Erikson will be the research manager, Bernard Kerry will be the Trading Manager and Jane Alison will be the company secretary. The management team holds extensive experiences in their respective posts. Their vast knowledge and skills in their positions will lead to good performance of the company. In addition to his position, the VP Investor Relations will also be responsible for legal and financial management. He will build a sufficient partner network with time.
6.2 Management Team
The manager must be the staff of the company. He should perform management responsibilities such as planning, coordinating, staffing and developing a marketing strategy. The manager must have a vast experience of at least four years from the related field.
7.0 Financial plan
The company will start with $5,000,000 under management and will get a 3% of fund annual management fee and 25% of the trading profits projected to be $4,000,000 per year. The six employees will be paid a salary as remuneration of their work. The employees will be entitled to bonuses, profit sharing, life insurance, disability and medical coverage. Out of the $1,075,000 that the firm will earn in the first year, there must be money left to rent an office and provide for offices expenses and taxes. The Hedge Fundis to be taxed at 15%. There will be a new attraction of new investors’ money of $5,000,000 for the subsequent first three years of the business operation.
7.1 Important Assumptions

In the first year, the company projects a net profit of $708,050. Since the company will be gaining popularity, the second there will be an increase in the profits projected. The profits will be $714,850. And in the third year the profits are projected at $796,620. In the subsequent years, the profits are expected to rise at a steady rate of 12% per annum.

References

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WePapers. (2020, December, 08) Free Business Plan About Compensation And Benefit Consultants. Retrieved February 26, 2021, from https://www.wepapers.com/samples/free-business-plan-about-compensation-and-benefit-consultants/
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Free Business Plan About Compensation And Benefit Consultants. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/free-business-plan-about-compensation-and-benefit-consultants/. Published Dec 08, 2020. Accessed February 26, 2021.
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