Template For Pitching Research Accounting

Growth plan includes:

Discuss About The Template For Pitching Research Accounting?

This report is about the Finance for Entrepreneurs. In Part A report discuses about 12-month growth plan that is essential for the business to determine that how organization will work. The report also writes a memo to Yani bank to discuss the funding release. A long-term financial plan is also mention in the report for Footgolf Australia. In Part B report discuss about the Entrepreneur Ecosystem how it works and benefits to the entrepreneur, it also includes the list of start-ups in Sydney and report includes the one pitching event of a company. In last section, report focus on the six different companies, which do not work properly and fails in the market.

A 12-month plan provides direction to the company to work in a certain direction to achieve their targeted objective in a given time period. Companies can make this growth plan in a simple way by that it would be easily understandable to the employees.

Company must clear what they have to achieve in the next 12 month. Like they want to increase their sales by 10 percent and reduce their expenses by 2% and added more investors to the company minimum 3 investors must be added in the next 12 month to expand the business (Ward, 2016) 

Action plan:  company should make correct strategy and rightly implement it to achieve objective. Like to increase sales company need to increase their production of the day by that shortage of the product will not occur in the market. To reduce expenses, Company needs to train the employees properly and timely check their efficiency. Training will help the employee to increase efficiency and reducing the errors.

Building the right team: Basic requirement of the company is employee or correct people who will lead the company. Right person at right time will be beneficial for the company to achieve is target. Therefore, company needs to hire right person and correctly assign work to that according to his capabilities (Ward, 2016).

Teamwork and coordination: To attain objective of the company, employees must work in a team with proper communication because lack of communication will lead the company to downwards. Top-level managers should motivate their employees timely to work with more efficiently and always work in a team and everyone should get a chance to show their skills or abilities while working in a team (Albarracin, et. al., 2014).

Memorandum

Review at regular intervals: company must review the performance of the employees timely like every end of the month. This will help the company to analyze the performance of the employees. if any employee is not performing good than company should try to figure out the problem and resolve it and motivate the employee to work on its weakness to overcome it. Alternatively, if any employee is working well than company must apprise employee this will self motivate the employee and this time employee gives 200% to the job (Albarracin, et. al., 2014).

Footgolf is a game that is mixture of football and golf. Where players have to kick football into a hole in a least shots as possible. This game was invented in 2009 in Netherlands and in March 2013, Leonardo Fernandez incorporated the Footgolf Australia and makes the association who will promote this game in Australia. The future of this Footgolf is very much promising and this game will become favorite all over the world.

Company needs funding to explore this game because in Australia, people love this game and popularity of this game in Australia is very much. To promote this game Leonardo needs more people for that he is recruiting the suitable person. Company needs $100,000 per year, company wants that Yani bank do funding to the company, company want that bank will disburse the amount of $25000 on every third month. The first installment will be disbursed in the 1st week of April, and the company will base the next disbursement on the development at the 1^st week of July. Likewise further installments will be is disbursed on the same criteria.

Financial planning: It is a process where company forecast the income and expenditure of the company for a long-term period by analyzing the current market scenario, company’s expenses, economic conditions and various other variables. Long-term monetary development is the method of line up financial capability with long-term service goals. The process involves the monetary forecasting along with strategizing. It helps the organization to estimate the need of finance, and attitude of the organization in terms of money. Money is very much essential for every business to run the organization. If company uses its money in a correct direction than it will affect the business positively and double the business revenue but if money is invested in wrong project than that money will not come again (David, 2011). Every business need money and to invest that money in right direction company makes this long term financial planning, in this company evaluate that how much money they want extra for their business.

Financial planning

Bank loans: It is one of the best available options for the company. By which company can take money to expand their business for that money company has to give interest to the bank for longer period.

Equity share: Company can issue its share in the market and if company earns profit, company has to give dividend to its shareholders.

For long term financial planning company needs to determine its financial status in the market and also analyse the position of the company that will help the company to understand that how much money company required in future and what will be the sources of money that will not include too much cost (David, 2011).

Entrepreneur Ecosystem = an entrepreneurship ecosystem or entrepreneurial ecosystem these both terms refers to the economic or social environment making an impression the regional and local entrepreneurship.  It might be a group of various companies, along with start-ups and several coordination units that decide to structure an organization or network and share same goals for discover economies of scale assorted with entrepreneurial drive and flexibility. Economies of scale can be found in company functions like market study, financing, promotion communications, business development, lawful support, and human resources management, monetary and bookkeeping management as every unit is contributing startup spotlight to research and development, sales and pre sales, product management and service after sales. Several researchers think that government is least interested in making an entrepreneurship ecosystem. However, the entrepreneurship ecosystem make loan itself to entrepreneurial strategy, where targeted can be made to switch the breach in the ecosystem (Corbett, et. al., 2014).

1. Culture must be conductive
2. Leadership and policies should be supportive
3. Proper and accessible finance
4. The quality of human capital must be high
5. Products should be friendly
6. Support of infrastructural and institutional

When someone listens the name of Sydney, the first thing comes in mind are its spotless beaches, vibrant people and food. However, from last few years Sydney has develop into more than that the things to see propose tourist. In recent time, Sydney is the address for the major technical start-ups ecosystem in Australia. From the last five years, Sydney has shown significant growth in the startups. Many small startups, which had started earlier, now doing very good growth in the market, and new startups are doing really well in the market and successfully connecting to the people. Majorly, the expansion has been encouraged by the rising figure of incubators, startups events, accelerators and co working spaces (Maritz, et. al., 2015). As Sydney is a resident for the success of various giants like freelancer.com, OFX and Atlassian. Even many small startups are also there which are doing well and ready to lead the world.

Entrepreneur Ecosystem

Freelancer.com: Matt Barrie was founded the website in 2009 and the headquarter of the company is in Sydney. Now company has expanded and opened there offices in various places like London, Jakarta, Manila, Buenos Aires and Vancouver. In the world, it is one of the top most distant employment marketplaces and gets success in acquiring various others marketplaces like EUFreelancer.com, Scriptlance.com and Lime Exchange (Gani, 2015).

OFX: Matthew Gilmor launched the company in 1998 and launched brands in various regions including UKForex, NZForex, UKForex and CanadianForex. Online Foreign Exchange is the full name of company and in 2013, it become public company (Gani, 2015).

Atlassian: Mike Cannon Brooks and Scott Farquhar founded the company in 2002. The clients of the company are giants in their industry like NASA and Twitter. Company has raised $210 million until now; among their investors Atlas partners is the one. Company is famous for providing best software solution that sells them (Gani, 2015).

Gofar: Company has won the competition of SydStart in 2014. The product of the company is a smart device, which helps in saving the 13 to 22% fuel of the car also enhanced the safety of driver(Gani, 2015)..

GoCatch:  Ned Moorfield and Andrew Campbell launched the company in 2011. It is a taxi booking app which taking the Australia through squall. Company is planning to expand in abroad and successfully raised $8 million (Gani, 2015).

Smart Sparrow: Zack Belinson, Shaowei Ho and Dror Ben Naim founded the company in 2010. Company provides the facility to educators to personalised and create their lessons. Company has successfully managed to raise $12 million and to make online learning more interesting; they are doing their newest round of financing (Gani, 2015).

Nitro: The Company was founded in 2005. Company was successfully increasing their customer base and since then it has more than 490,000 populace in almost 200 countries. Company protected $15 million financial support round from US Company Battery venture and has hoisted more than $21.6 million. Company has offices in St. Petersburg and Dublin.

Stackla: Company was established in 2012 and opened their offices in London and San Francisco adding their headquarter in Sydney. Company provides communal content advertising platform that allows various brands to determine and exarch content from the communal network.

Lekker Bikes: Company was started in 2009. 35-year-old Meindert Wolfraad founded the company and does a great job by doubling the business profit every year striking $two million in 2014. Company has increased its staff members and successfully tripled its association of trade partners following the launch in overseas. The dealers of the company are in USA, New Zealand, Singapore Netherlands, UK, Germany and Belgium.

List of ten successful startups in Sydney:

Showpo: Company was founded in 2010. The revenue of the company has grown by 288% to $10 million in 2014 and from 2013; their profit has increased by 381%. Company has a good number of followers on Instagram and Facebook numbers are 550,000 to 875,000. The Australian Startup Awards 2014 awarded company as Start up of the year. 

It is a phase of modernism with growing demand of artistic separation in on a daily basis. This art industry has lot of scope but its limited to niche market the problem in this kind of company that agree to investor to invest in the company s difficult although it’s a high margin industry (Faff, 2015).

Auctionata: the company deals in auction website that mainly paying attention on antiquarian stuffs. The company ran by the international specialist and company gives a real time structure. The company went on decline when co-founder and former CEO Alexander Zacke found in serious buy and sell violations of the products. When Auctionata board associates and Zacke, were charged of unlawfully bidding on the own auctions. Investors found their money would not be safe in the company. Therefore, investor stops funding to the company (Research Briefs, 2017).

Imzy: Jessica Moreno and Dan McComas formed the Company. They both are the former employees of Reddit. The company was operating a display place for fit societies where its associates are liberated from nuisance and abuse. The company was now inactive due to company was failed in performing well in the market (Research Briefs, 2017).

Happy Home Company: the website of the company now shows a message that announcing company is inactive. Initially company was doing well had a good customer base and supportive investors but company was failed to grow their business form star up to a great company. Company services are very good they provide facility to customize the home cleaning of landscaping at an affordable price. Doug Ludlow formed the company (Research Briefs, 2017).

SunEdison: Jigar Shah formed the Company. The last funding to the company was on Feb 2017.  The corporate mission of the company is simple.  The company converting by using a diverse approach to solar energy. The company’s corporate emission is simple: to build solar service a feasible and pleasing options to conventional energy sources. Company is acquired now (Research Briefs, 2017).

Wash.io: It is a mobile app, which provides a facility to user for pick and drop of laundry. The app also provide an facility to the user to decide the time of pick up and drop according to customer convince. Jordan Metzner created the company. The assets of the company are purchased now (Research Briefs, 2017).

Drugstore.com: the company is dead now.  Founder of the company are Adam Chapman, Sinjin Bain. The company is creating an excellent technologies and tools giving control in the hands of creators to build and circulate amazing games (Research Briefs, 2017).

There are various reasons for the success and failure of the organizations. If organization works according to plan and manage all the departments in the organization properly than the chances of success of the organization will increase. However, if any company fails to implement correct strategy than they will fail for sure because right planning is mandatory or direction is necessary for the organization. Some companies are initially started well but fail to encash their success, and later fail in the market and company their companies are shut down.

Conclusion

The report concludes Footgolf game is very much popular in Australia and Leonardo is trying to famous this game globally. This report mainly concludes that finance is very crucial part of the company and company thinks twice before spending their money especially for the start ups because initially start ups need money a set up their business.

References:

Ward, J., (2016) Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Germany: Springer.

Breitbarth, T., Kaiser-Jovy, S., and Dickson, G. (Eds.). (2017) Golf Business and Management: A Global Introduction. UK: Routledge.

Albarracin, D., Johnson, B. T., and Zanna, M. P. (Eds.). (2014) The handbook of attitudes. UK: Psychology Press

David, F. R. (2011) Strategic management: Concepts and cases. Peaeson/Prentice Hall.

Corbett, A. C., Katz, J. A., and Siegal, D. S. (Eds.). (2014) Academic Entrepreneurship: Creating an Entrepreneurial Ecosystem. UK: Emerald Group Publishing.

Maritz, A., Jones, C., and Shwetzer, C. (2015) The status of entrepreneurship education in Australian universities. Education+ Training, 57(8/9), pp. 1020-1035.

Faff, R. W. (2015) A simple template for pitching research. Accounting & Finance, 55(2), pp. 311-336.

Research Briefs (2017) 232 Startup Failure Post-Mortems. [Online]. Available at: https://www.cbinsights.com/research/startup-failure-post-mortem (Accessed: 21-September-2017)

Gani, F. (2015) SYDNEY STARTUP ECOSYSTEM. [Online]. Available at: https://www.startupblink.com/blog/sydney-startup-ecosystem/ (Accessed: 21-September-2017)