The proliferation
of information technology into every field of
business has motivated many entrepreneurs to start
up small and medium size enterprise. These individuals
although do have the expertise in their related
field but not in business process management.
For this reason there has been a rise in outsourcing
services such as legal, accounting, IT as well
as administration. Q Services Industry is one
company that provide services such as bookkeeping,
accounting and information technology services
to start up companies who lack the financial expertise
and are in need of keeping up to date financial
records. Not only this but those who have the
capital but unfamiliar with IT environment will
be offered on-hand tutorial at Q Services.
To facilitate these services, Q Services require
investment capital of approximately $300,000 of
which the owner plans to acquire 1/2 from the
bank and from his/her own pocket. The investment
will be put in over a period of 5 years. It is
estimated that the company would generate income
immediately as it requires lower cost of investment
but high revenue generation. However, what is
most costly about the business is the cost of
operations as the company would have to keep up
to date accounting software, techniques and methods
for bookkeeping as well as IT related learning
before Q Services could deliver to the client.
This is an ongoing expenditure that would result
in high cost at the beginning but will generate
high returns at the end of 5 years. The net effect
of this start up company is that, with the owner's
expertise it would be able to generate individual
clients but also large companies that want to
outsource its bookkeeping activities. The future
of the company therefore is positive and bright.
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