Post on 25-Feb-2016
description
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Entrepreneurship Presentation On Dream Company
By Anish
ManjunathMonicaRichaRitaRohit
Safvee
Verification Pvt. Ltd.
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Name : URVASHI Verification Pvt.
Services : Criminal record verification Civil record verification Financial verification Tenants history verification Employment & Education verification Professional verification Bank A/C search
Board of directors : Anish, Monica,Manjunath, Richa, Rita, Rohit, Safvee
Nature of the company: Private Ltd.
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Mission and Vision
Mission: “To provide the accurate information related to pre-
employment, tenant, screening and business background information”
Vision: “To mitigate business risk and operating efficiencies”
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ValuesCompany Values: Our shared values that we are guided by are:
Leadership Market pioneer
Passion adaptable
Integrity
Accountability
Collaboration
Innovation
Quality
Coordination
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Market opportunities Employee background screening has become the norm in the hiring
process and many companies
businesses, don't have the time or the means to adequately check up on all their job candidates.
A background check service has relatively low startup costs and high barrier to entry – Limited competition.
you do need a firm understanding of federal, state and local laws.
Market is still unexplored & in a growing stage
Less investment is required
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Market and Industry Environment
Targeted market: Corporate. Firms. Individuals.
Targeted customers: Financial Institutions. IT company. Automobile company. Insurance company Manufacturing & logistics companies
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Internal environment & External
environment Knowledge & Information
Power
have a Biometric Access system
electronic fire-walled networks system
R& D
Government regulations
Competitors
Mobility of staff
Cost structure
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Value Propositiono Viability of this concept is great
oUntapped market gives us a great competitive edge in this sector
oThe screening industry has grown by 30% to 40% year on year since 2007
oBackground screening is not just confined to job applicants. There are cases where companies ask service providers to run checks on their employees.
o"Most organizations have started conducting comprehensive background checks on all levels of candidates
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Our business model
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Marketing strategy☻ Mouth to mouth advertisement
☻Differentiation strategy
☻Cost leadership strategy
☻Segmentation strategy
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OrganizationStaff structure
The medium and senior R&D staff:65% Other staff:35%
Educational Backgroud of employees
81% Bachelors4% Experienced
15% Mba’s
• Strong focus on technological literacy
• Great emphasis is laid on work culture and employee satisfaction
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Technology team of Urvashi Pvt. Ltd
• Importance to perfect English abilities of reading, writing, listening and speaking .
• Good, development, space, Competitive, salary, Pension, unemployment and work injury insurance
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Core management Team
Headed by Rita & Monica
Headed by Rohit and Manjunath
Headed by SafveeHeaded by Anish
Headed by Richa
Capital ($40664)
Share Capital($3370)
Asset($18483)
Cash and Bank
balance($9242)
Management ($5099)
Sales($5000)
Miscellaneous Expenses($2
840)
Capital Allocation
Idea __ Product
Generating __ Revenue
Earning __ Customer
Sales building __ Segment
Raising __ Awareness
Positioning
Market Traction
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Financial Projections
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• Consumer preferences and demand are the predominant drivers for the verification industry
•Entry costs are also an important factor in the growth of this segment.
•Profitability in this industry is huge
• Competition in this industry is steep, as the company has to compete with other alternative service providers outlets for consumer frequency. Because of this companies often create alliances to present a stronger front.
• Successful advertising strategies, as well as concentration in specialized markets help in allowing company to generate increased revenue.
Company & IndustryAnalysis
SWOT Analysis Strength 1. Varieties of popular services are available
2. Caters to all types of people (individuals, firm, companies)3. Market for this service is still un explored4. It has basic requirement for everyone
Weakness 1.Global penetration is limited as compared to international leading brands
2.customers find it difficult to trust with their documents for security Opportunity 1. High growth in the industry
2. Globally the process has become the need of the time3. Tie-up and association with global brands for better global reach
Threats 1. Internal competition among brands is a serious threat
2. External competition and price wars decrease the switching cost for a customer
Swot Analysis
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Main challenges (Risk & Gaps)
Distribution system.
Organization.
New Technology.
Scale economies.
Customer loyalty.
Customer switching cost.
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Thank You