Business Plan for an Offshore Engineering Services Coursework

occupancy Plan for an Offshore Engineering Services - Coursework ExampleThis location inhabits companies offering identical and similar run and a couple of technical universities from where the personnel intake is relatively easy. Huge investment is warranted in machines, equipments and humankind resources. However, the federation wishes to start with few leased equipments and machines that need huge investment. The land for office premise is plotted to be taken on a rental basis, which has to be paid for one year at the time of commencement of avocation.Thalatech (name of the steady) is a start-up firm, which has exciting business opportunities in the UK market where it is intended to concentrate its business in the first few years. The firm plans to provide technical dish outs for offshore telecommunication projects - contrast installation and surveys- throughout the country and expand its business to foreign countries in the near future. The service includes powerfulness cable installation for connecting oil platforms and its surveys for companies engaged in oil production and distribution. The major activities of the company see the installation and maintenance of submarine fiber optic cables and other marine engineering services. ... This is the reason why it is planned to be located near to sources (i.e., similar firms and technical universities) of abundant workers-skilled and unskilled. The company envisages to providing professional service and advice to keep itself far ahead of its competitors, domestic and global. It firmly believes that it could capitalize the abundant business opportunities where its competitors are fall back behind. Falcon is likely to achieve 150 % of what its competitors are doing because of favourable location (near to airport) and other completive advantages such as personalized and professional service. A pilot market study to explore the key aspects of business finds that the firm would be able to achieve a substa ntial growth in sales over the future(a) two years from the date of commencement of business. 1.2 Finance RequiredAs the nature of the service of the proposed company is of passing technical and demands high professionalism, huge amount of funds is needed to finance the investment in various equipments machines and workforce. The company, therefore, plans to start with leased equipments that need huge investment. Moreover, in the beginning, the firm plans to hire only highly qualified and experienced staff, who have proved their mastery over the field. In addition to that, a real few unskilled laborers are to be deployed and trained by technicians and experienced staff. This also incurs costs. The office premises (land and office building) and other initial legal charges are also to be met by the start-up capital asunder from those mentioned above. All these need huge capital and the company plans to raise funds for these needs through that contributed by shareholders. 1.3 Finan cial