The process of establishing a new business is preceded by the resolution to select entrepreneurship as an occupation. This calls for recognizing lucrative business ideas upon a meticulous evaluation of the entrepreneurial prospects. Creation of business ideas is not sufficient, they must be tested on techno-fiscal, economic and authorized viewpoints.
A project report for new business conducts a profound road map for effectual business venture. It discusses whether the business requires finance or not, the challenging risks, several problems en route, etc. Hence it becomes vital for every new business to prepare a project report, to acquaint them on forewarning issues.
Below is the sequence of standard format used while preparing new business project report:
Also ACMI law associates assist the client in business agreement and any other agreement or documents which has a legal implication.
Under this, we do an analysis of the existing business system of an organization. Discussions are conducted with employees of all parts of business operations. And finally agree on the existing business system and document it. Then, we identify the pros and cons of the entire systems. Further identify the areas required improvements, Negative value creating activities to be eliminated and also areas which needed a complete restructuring. Based on the above analysis, We develop a new system to be implemented by the organization.
Feasibility report is a document that assesses potential solutions to the business problem and determines which of these are viable for further analysis.
Economic feasibility - The likely benefits outweigh the cost of solving the problem which is generally demonstrated by a cost/ benefit analysis.
The purpose of the feasibility report is to present the project parameters and define the potential solutions to the defined problem. Project constraints and limitations of expenditure are among the various factors that will determine viability.
Operational feasibility - Whether the problem can be solved in the user's environment with existing and proposed system workings?
Organizational feasibility - Whether the proposed system is consistent with the organization's strategic objectives?
Technical feasibility - Whether the problem be solved using existing technology and resources available?
Social feasibility - Whether the problem be solved without causing any social issues? Whether the system will be acceptable to the society?
CDS is concerned with analyzing "How is my company doing?" A simple question, but one with all sorts of depths and complexities. CDS is a rapid analytical process that grades the company along seven critical dimensions taking into account more than 125 "areas" across the different dimensions. This is necessary because a problem in any one of these areas can cause a company to underperform. The CDS also considers the effectiveness of the linkages between each of the dimensions.
Procedures manuals provide instructions and directions for the day-to-day operation of a business venture. Procedures manuals are essential to ensure consistency and quality in products and services. Every business interest from the single entrepreneur to small ventures or large corporations should have a procedures manual for each staff member as part of the written job description. Procedures manuals also provide a written response for contingencies or solutions for common problems. The solutions ensure that common problems have the same response each time.