Nurturing Businesses :: Full Business Plan
Implementation
Nature of Business
Client is in the IT industry and is a software
distributor with exclusive distributorship for 8
softwares in the Asia-Pacific region.
Problem at Hand
The company is a new startup and the management
understands the need for growth. However, they are
unsure of their immediate and long terms goals as a
result of the lack of proper business planning
.
Full Business Plan Implementation
Together with the client, a business plan was
developed and this served as feasibility study to
highlight to the client of their current business
climate and the viability of their venture. In
addition to this, an operational plan was also
carried that allowed the client to formalize and
stream line business processes right from the start.
Our comprehensive Nurturing
Businesses packages also helped the
client to formalize their marketing, financial and
funding plans.
Nurturing Businesses :: Full Business Plan
Implementation
Nature of Business
Client is an established IT company that
specializes in system integration.
Problem at Hand
Despite the good financial performance of the
company, our client has reached the stage of
stagnation. The management realize the need to
further their business growth and development but
are hampered by the lack of expertise and
uncertainty. They would also like to be able to
project the business' funding requirements in the
near future.
Full Business Plan Implementation
Understanding the client’s concerns, QBA
sought to carry out a thorough business and industry
analysis using our MECOP
business planning methodology. Upon completion of
the analysis. we were able to advice the client on
the growth opportunities available based on their
strengths and weaknesses. In addition, we were also
able propose a marketing plan for the client to
undertake in its quest of achieving business
excellence. A funding projection was carried out at
the end to highlight to the management and its
stakeholders the required funding in the projectable
near future.
Nurturing Businesses :: Full Business Plan
Implementation
Nature of Business
The client is a company that provides certified IT training
to corporate clients and end-user consumers.
Problem at Hand
The company is a new startup and the initial failure
was due to the lack of a business plan. The
management embarked on this venture without any
prior planning and thereafter, despite a good start
to the business, failed to envision the future
directions of the company.
Full Business Plan Implementation
QBA was engaged to carry out a feasibility study for
the company, Due diligence and competitor research
was carried to highlight to the client the
difficulties and challenges in this industry. Having
consolidated the research information, along with a
proper analysis of the existing business, a
marketing plan was developed to provide a clear path
of actions for the management to undertake in
response to the specific difficulties and challenges
in the industry.
Nurturing Businesses :: Full Business Plan
Implementation
Nature of Business
Company is a single man operation providing web and
email hosting services.
Problem at Hand
The client runs his business as a sole proprietor.
As the business grew, so did the scope of services.
This resulted in a reliance on several key partners
and with an expanded customer base, it was suggested
that the client consider a transition to a company
limited by shares.
Full Business Plan Implementation
With the help of QBA and its consultants, the client was able to
understand the distinct differences between running
a sole proprietor business and a company limited by
shares. In view of the considerations, a decision
was made by the client to carry out a transition.
Using QBA's proven methodologies, a smooth
transition was carried out along with all the
necessary documentary requirements set out by the Accounting
and Corporate Regulatory Authority (ACRA)
without any
disruptions to the client's current operations. With
our experience, we were also able to advise the
client on the various changes required in the
accounting and regulatory requirements in operating
as a company. The final deliverable was a customized
marketing plan that highlighted the specific needs,
niches and challenges facing the industry and
specific information as to how the client may
undertake specific steps in response.
BizCare :: Internal Control Review
Nature of Business
Client is in the beauty care industry and provides
service to the consumer market.
Problem at Hand
Client would like to expand the business. However, there are
teething problems faced in the course of expansion. Client does not
have the proper controls in place nor the proper accounting system to ensure smooth running of
its daily operations.
BizCare
QBA first analyzed and reviewed the existing business operations. We identified some existing
processes and procedures which are not ideal for the client in light of their
expansion plans. A business process realignment was
carried out in which suggestions were put forward to the client for them to revise
the processes before continuing with their expansion
plans.
BizAd :: Due Diligence
Nature of Business
Client is in the textile manufacturing business.
Problem at Hand
The company is about to be acquired by a listed company.
BizAd
QBA was engaged to conduct due diligence on
behalf of the listed takeover company. A study and
analysis was carried out to investigate the expected
benefits of the acquisition as well as to highlight
the impeding issues surrounding the financial and
operations expectations and obligations of the two
parties during and after the acquisition process.
BizAd :: Full Accounting, Costing and Internal
Control Turnover
Nature of Business
The client has been in operations since October 1992
and is an electronic component trading firm with
manufacturing operations based in Thailand.
Problem at Hand
While trying to set up the new manufacturing
facility in Thailand, the client realized that it
was lacking in financial and accounting advise. The
accounting and internal control system was lacking
resulting in the client's inability to accurately
access the financial condition of its Thailand
operations.
BizAd
Based on the client's operational needs, an internal
control review was carried out which was quickly
followed up with a detailed implementation plan for
the accounting and costing processes. The existing
accounting records were also quickly and accurately
sorted out to ensure proper continuity and
transparency to its management.
BizAd :: Clearing of Accounting Backlog
Nature of Business
Client is a web hosting company that has been in
operations since 2000.
Problem at Hand
Over the last 4 years, the accounts for this
company was not properly carried out. The client
failed to carry out any proper accounting procedures
and failed to adhere to the regulatory filing
requirements as required by the Accounting
and Corporate Regulatory Authority (ACRA).
Since then, there has been a dispute in the
partnership and the company has been slated to be
dissolved at the soonest opportunity.
BizAd
Despite the ceasing of operations, proper financial
and accounting reporting is still a statuary
requirement. QBA was engaged to sort out the
accounting records for the past 4 years and to
consolidate them into standard financial accounting
statements for presentation to the external
auditors. Thereafter, QBA represented the client in
its dealing with the Accounting
and Corporate Regulatory Authority (ACRA)
for the regulatory filings.
BizAd :: Pre-litigation Review
Nature of Business
Client is strategically placed in the retail sector of the Food
& Beverage industry and has been in operations for one and a half
years.
Problem at Hand
During the course of business, there was a partnership dispute as no accounting records were kept because the client had a problem with keeping up-to-date accounts.
BizAd
QBA was engaged to sort out the accounting issues and to help
the client with keeping the records up-to-date. QBA
then provided the client with a set of accounting
records, completed and verified by QBA, for his
presentation to his partners and their respective
legal advisers.
BizAd :: Pre-Investment Clean-Up
Nature of Business
Client is in the construction industry and has been
in operations for 6 months.
Problem at Hand
The company is welcoming on board new partners with
new investments. As such, there is a need for the
company to provide these new partners with a set of
proper accounts, clearing indicating the financial
health of hte company. However, the client has yet
to establish any form of accounting processes and
procedures in its midst of generating revenue.
BizAd
QBA was engaged to help the client sort out the
accounting records for filing and documentation. The
final report submitted by QBA was then used by the
client for submission to the new partners indicating
the transparency in the accounting procedures and
the overall financial health of the company.
ITAd :: Business and Technology Advisory
Nature of Business
Client is in the business of distributing ball bearings and parts for machineries.
Problem at Hand
Client has previously attempted to build a network system to facilitate the business processes and decision making. However, the internal IT department of the company is
made up of mainly technicians and engineers whom are
unable to understand the business needs of the
management. As a result, there was a complete mis-match
in expectations between the management and the IT
department.
ITAd
Having completed an initial analysis of the current
operations, QBA consultants interviewed the
management team to understand their needs, alerting
them of the technology advances and misconceptions.
Having a finalized set of requirements, a re-design
of the existing IT infrastructure was taken and a
blue-print of the required changes was presented to
the management for budgetary and conceptual
approval. Having liked what they have seen, the QBA
consultants then worked hand in hand with the IT
department to translate the blue-print into reality,
constantly communicating with the IT department so
that they understand the business requirements. Upon
completion of deployment by the IT department, QBA
consultants conduct a review and a final
presentation was made to the management, along with
the IT department in the entire process,
highlighting both the improvements from a business
and technology perspective.
ITAd :: Business and Technology Advisory
Nature of Business
Client is in the business of distributing specialty
chemicals in the Asia-Pacific region and has been in
operations for the last 10 years.
Problem at Hand
Over the years, the client has been able to
gradually grow the business and establish remote
offices in the various Asia-Pacific countries. At
present, there is no way of communicating between
the remote offices and the headquarters in
Singapore. File transfers are usually carried out by
email which is inefficient and places a restriction
on the file size.
ITAd
QBA has been engaged to provide a proposal for
improvement. Having completed an initial analysis of
the current operations, QBA consultants reviewed the
business operations and the current IT
infrastructure. Coupled with the extensive knowledge
of available technologies, the consultants conduct a
re-design of the IT infrastructure and presented to
the management various solutions with a vary degree
of budgetary considerations, solutions that will
provide the necessary communication and file
transfer needs in addition to the ability of being
able to securely transfer and query various
operating parameters of the various remote offices.
The accepted proposal was then handed over to the
client's existing System Integrator who was able to
purchase and integrate the solutions with the
assistance of the QBA consultants.
