Verified Document

Goal Of This Upcoming Project Is To Essay

¶ … goal of this upcoming project is to start, build, and nurture a new business by the name of Choice Spring LLC. This new business venture will be located and centered in Towson, Maryland. Essentially, the business will be a financial resource for the community and those in need of appropriate financial planning and guidance. In the current contemporary environment, so many people have fallen on hard financial times. Many now struggle to find a legitimate resource that will help them and guide them towards a more stable financial future. The financial problems of the community at large present an opportunity for this business venture to provide essential services needed by those looking for financial assistance and guidance. The company is structured around a primary goal to help individuals, families, and even small businesses attain their own unique financial goals and meet their financial needs stay competitive and stable in an uncertain and volatile financial environment. As such, Business problem and how it will solve it

Deliverables

There are a number of primary deliverables in which the company will aim to provide the community here in Maryland. The company will offer such services as health and life insurance, commercial policies for business needs, rental and home insurance, planning and preparing for 401(k), retirement, an IRAs, as well as mutual funs and stock investing services. Yet, there are some deliverables truly stand out based on the needs of...

In Towson, there are a number of financial services offices around the city. However, most of these are branches of larger national chains, which often sacrifice some of the personal and intimate relationships between a small business owned by members of the community and those within the community who turn to for help. As such, the company will offer tailored and customized packages based on ongoing and continuously evolving relationships with its clients in the community. Therefore, the primary deliverable here is tailored service based on the unique relationship between financial advisor and the individual in need of financial services. This will help the company stand out above the national chains which may tend to lack that level of intimate service. Moreover, the company will focus on delivering savings and retirement plans as a way to get members of the community back on their feet in such unstable financial times.
Risks

There are a number of clear risks associated with opening a financial institution in the middle of a recession. It is clear that "banking institutions face today a dynamic, fast-paced, competitive environment the global scale" (Harker & Zenios, 1998, p 2). In the community, there are a large amount of national chains working in the region, which have access to a wider breadth of resources and funding in order to compete with the operations of this project. This essentially creates a very high barrier of entry based on the level of…

Sources used in this document:
References

Harker, Patrick T. & Zenios, Stravos. (1998). What drives the performance of financial institutions? Financial Institutions Center. Wharton School. University of Pennsylvania. Web. http://fic.wharton.upenn.edu/fic/papers/98/9821.pdf

Office of Workforce Information & Performance. (2010). Maryland Job Market Update. Department of Labor, Licensing, and Regulation. Web. http://www.doleta.gov/Performance/results/AnnualReports/2010_economic_reports/md_economic_report_py2010.pdf

Partridge, Katharine, Jackson, Charles, Wheeler, David, & Zohar, Asaf. (2005). Stakeholder Engagement Manual: Vol 1 The Guide to Practitioner's Perspectives on Stakeholder Engagement. Stakeholder Research Associates. Web. http://www.accountability.org/images/content/2/0/207.pdf

Showcase.com. (2013). Featured office space for lease in Towson, MD. Baltimore County. Web. http://www.showcase.com/Towson/Towson__Office-Space-for-Lease
Cite this Document:
Copy Bibliography Citation

Related Documents

Project Management for an Experienced Entrepreneur: The
Words: 2148 Length: 8 Document Type: Essay

Project Management for an Experienced Entrepreneur: The Benefits of Specialized Expertise As an experienced entrepreneur with several successful projects already underway or completed, there is no real need to tell you how important it is to know -- or to consult and work with people who know -- the specifics of a particular process, product, or industry when engaging in a new venture. Knowledge might not translate directly to power in

Project Management Is It Really
Words: 10950 Length: 25 Document Type: Dissertation

To date, little research exists on the actual costs and benefits of project management. Much of the information that exists is a product of advertising materials distributed through the project management firms. Little unbiased information regarding the value of project management exists. This research will provide an unbiased view of the benefits and costs of the project manager. Aviation managers will be able to use this information to make decisions

Project Charter
Words: 1816 Length: 7 Document Type: Term Paper

Astra Zeneca Project Proposal to Streamline Operational Processes The pharmaceutical industry in general is undergoing extreme amounts of external pressures. Not only has the economic environment since the global recession been less than ideal, but there are increasing regulatory pressures and healthcare reforms that are also expected to dramatically change the environment in which AstraZeneca operates. It is in this environment that the organization must streamline its operations so that it can

Strategic Plan Part III: Financial Goals
Words: 929 Length: 3 Document Type: Research Paper

Bon Secours Project I n 1824, in Paris, amidst the devastation following the French Revolution, a group of 12 women came together to form the congregation of the Sisters of Bon Secours, French for "Good Help" and the Sisters' purpose was to nurse the sick and dying in their homes (Bon Secours, N.d.). The group later arrived in the United States towards the end of the nineteenth century and has been

Global Business Project Management
Words: 2052 Length: 6 Document Type: Essay

Global Business Project Management The objectives of a project are the expected outcomes and benefits to be received upon completion of the project. What the project is projected to achieve can either be specific, measurable or varying and materializing gradually over time. Projects are developed and executed in many settings and the type of project chosen; the time, the budget and the team size are agreed on based on the setting,

Enviroprop the Following Project Is
Words: 557 Length: 2 Document Type: Business Proposal

It is therefore quite important to evaluate each experience on its own merits, as well as to how well each experience is integrated into the overall picture. An evaluation form has been developed for each participant as well as the parents of that participant. The evaluation form will be handed out at the end of each of the camps (whether the attendee stayed for a one-week or the full

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now