Homework and business challenge schedule_ER

My Business PlanMy Vision is to help others reach their potential

Davido Ltd, established in 2015 is a top Business Consultancy Service

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Business Plan Davido Ltd

Section 2.1 Personal history

I have had 15 lifetime careers, I have a Law Degree (LLB) specialized in International Law with the University of London, I am also a trained Age UK Medical Administrator/Receptionist, Business Consultant/Developer/Blogger on Social Media.I have 20 years of work experience, from Retail, Healthcare, Market Research, Surveying and Business professional.

Section 2.2 Business history

I have studied Business Management Administration before with London City College, I have trained as a Business Person with Sales Force UK, worked as an Agent with HMRC on Pension Administration, Income and Tax Assessment, as well as the Inland Revenue, and as a part owner and Business Development Director of ecommerce Profits since 2009.Enrolled in 2014-15 In Preparing To Set Up A Business With New ham College, in year 2013 established my own business Davido Ltd in London city to provide Business Consultancy solutions to Business Organization’s in private, public and individual sectors to boost business methods, modules and tutoring.

Section 2.3 Business objectives

Challenge : ask 15 people (friends and family) about your product/service. (For example, where do they buy from currently? How often? How much do they pay?)

My Business Objectives is to be a global brand in Business Management Consultancy, in Business Development Leadership been Imaginative, Innovative and Creative in business consultancy products and services for companies, organizations, governments, industries in business methodology and modules in solving selective specialist business problems.To problem solve business issues of clients and customers, to enhance, accelerate, optimize in UK and abroad of performance, sales targets, business activities in all manner of sphere and spectrum to increase productivity, growth, be a leading tin-tank of business advisory, consultation, to educate, tutor coach on business principles, create wealth in sustainable forms for generations, even distribution, abundance, exorcise business ignorance, and encourage free business thinking, expression, ideas of financial and economic betterment. Encourage the freedom of choice, of selection of responsible competent practice in organizing, managing and planning accountable, ethical business credentials and accreditation. To become a Mentor, a Typhoon/Mogul by year 2020 in shaping business principles, and becoming an advocate for business peoples, that with the right training, tutoring and networks anyone can achieve their dream in the world of business.

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Section 3.1 Description of products or services

My main products is my Business skills and my service is in Business Consultancy as in Income and Tax Assessment, Pension Scheme Administration, Human Resource Training, Tutoring and Coaching with Business modules and Methodology to individuals, corporations in private and public organizations.

Section 4.1 The market

My market is with individuals, corporate, governments, private and public sectors, which form the basis of my customers and clients anywhere in the UK or abroad.

Section 4.3 Marketing strategy

My marketing is to target individuals, private, public sectors and Small Medium Enterprises .I use the mediums of email, direct referrals, phone calls, online social media, brochures, word of mouth, platform of networking events and blogging posts/write-ups to communicate, get the attention and focus of clients and customers.

Day 5 homework and challenge

Section 3.2 Suppliers

My suppliers are mostly in the UK, where I get my business software modules and manuals for my business consultancy trainings and tutoring’s for my clients in solving business problems. My main suppliers of business software modules and manuals are from Microsoft and Google, and I pay for the services with my e-account, and the products are delivered same day or next working day, after I order them online.

Section 4.2 Market researchMarket Research is vital part of any business survival, especially to a startup; it makes me know my competitors in my industry of Business Consultancy, how my business goals can be achieved, make information detail of market, clients measurable. Market Research helps me to target customers taste, interest, age, gender, location, and product or service specification. It helps me with information on customer response, feedbacks, I mainly use Primary Research Techniques as in interviews face to face or on the phone, questionnaires/surveys online, test trading with (B2B) Business to Business or (B2C) Business to customers .For my business Davido Ltd I collect information first hand through secondary research via company annual reports on companies house, commercial reports, suppliers and competitors as an appraisal on my own performance in business operations, and providing products and services to the general public. I use my industry online sites to test my market research response as in: www.mca.org.ukwww.iconsulting.org.ukwww.ifa-voice.comwww.pcg.org.uk

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Day 6 homework

Section 4.4 The competitionCompetition is a business process, to gain, or share a market or customers for the providing, delivering of services or products in any industry. As a Business Consultant in the Business Management Consultancy industry my main competitors are fellow practitioners in Business Consultancy, and are listed in the Management Consultancies Association and the Business Local Management Consultants.co.uk, where we all compete for customers on small business management, business performance management, business management solutions, online consultancy, business development coaching, for clients in the UK and abroad, in winning contracts, business and earning a service based professional income for the hiring of services.

Day 7 homework and challenge

Section 4.5 SWOT and PESTLE

Davido LtdStrengths Weaknessescustomers lack of fundingfunding/finance recessionskills in business lack of business skillslocation locationaffordable suppliers expensive supplierslegislation lack of confidence/procrastinationOpportunities Threatslegislation lack of fundingeconomy external/internal competitionlocation more skilled market /competitorscustomers costly/expensive suppliersnetworks economic downturnfunding/finance legislation

Solutions to SWOT Davido Ltd

To be more confidentTo alternate affordable suppliersHave options to move/relocateTo source for funding/finance/access to business creditsTo increase business skills/knowledgeLink up more with business networks/enabling environmentTo invest more in advertising/marketing/promotion techniquesTo provide more customer care/focus

Negatives of PESTLE Davido Ltd

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PESTLENegatives Political terrorism warEconomic recession, fluctuating currency market Social demographic change lifestyle changesTechnological change in IT gadgets changes in social mediaLegal Legislation changesEnvironmental pollutionPositives Political pro-business governmentEconomic stability in currency people have money to spend in upturnSocial increase or stability in demographicsTechnological increase in online business new IT devices that you are familiar withLegal legislationEnvironmental enabling environment where there is no pollution or natural disasters

Day 8 homework

Complete Section 5 Premises

Initially, I will be working from home and working on client’s site, this will allow me to build my business.

Section 6 Capital ExpenditureI will need an Acer Laptop that will cost £400, will also need a printer that will cost £100, Insurance covering fees of £259 .

Day 9 homework and challenge

Complete Section 4.5 Pricing

Pricing for Business consultants is set by the market rates that starts from £150-£1000 per day.

Section 7 Management organization

I am the director/Ceo of my business Davido Ltd, I have experience as an HMRC Agent, I have previous experience as a Business Consultant/Development Director with ecommerce Profits.

Day 10 homework

Complete Section 8 Legal aspectsMy company Davido Ltd is a Private Limited Company (PLC) and I am the Director/owner so I sell shares privately to raise funds, and my company is a legal entity for the company finances are separate from its owner’s finances.

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Section 9 Financial

Day 11 homework and challenge

Complete Section 10 Risk assessment

Section 12 Appendices

Challenge : book up for a networking event. Survey 15 people about your product packaging or service bundling.

CV

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Day 12 homework

Complete your business plan and email to [email protected].

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