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Business Report Not 100%Good

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executive summary

I safety is a company located in Alberta Canada that has been developing in the past few years it involves with the safety of people in the work force.
In this business report you would find the reason the company itself was bombarded with expenses that had made it successful throughout its years. The businesses history which explains how the owners developed the business. in a business it has its main activities what do they sell? How is it run? What does to be successful?
The owner of the business has to have made a decision into why did they decide to incorporate the business? What are they up against in the financial sector?

Table of Contents 1 executive summary 2 3 introduction 4 4 brief history of isafety 4 5 business offerings 4 6 why the owner decided to incorporate 5 7 expenses involved in setting up and running the business 5 8 problems the business faces 7

introduction
Isafety is a serving company in the heart of Alberta Canada which services Alberta’s oil and gas industry, they aim to provide its customers with the best safety training and on-site safety services. The company is currently owned and operated as a partnership business that consisted of multiple studies and risk takings to achieve the success they are in now, as the business increases its growth it still strives to organize and operate its business to increase the chances of its success the business has set its incorporation to fulfill the company and the customer’s needs and wants.
The purpose of this report is to provide preliminary information to the client about: * the overall viability of establishing a company * Marketing issues that need to be considered in ensuring the success and profitability of any proposed new outlet. brief history of isafety
Isafety was developed by two brothers that wanted to develop the relation between the families to keep connected to each other and to find a way to work independently than working for someone. The two brothers saw a great potential in the safety industry that may help them gain more profit, this got the brothers to be more involved and willingly to go ahead with the business. So they took this opportunity to establish the company with the wealth of one brother and the knowledge of the second they worked together to eventually open “ISAFETY” which is used to help and aware people about the safety of their health in the work force and its now one of the biggest known companies in all of Canada business offerings
The business offers safety training either on-site, in the classroom or through computer based safety training an employee can complete the necessary training to stay safe at the workplace. The business is more like a school where safety offers go to the work place and observe your work than teaches you the required skills necessary to keep you safe at work. They also provide On-Site Safety Personnel & Services.

why the owner decided to incorporate
The owner of the business wanted to receive income and be eligible to work independently not worrying about what others say and forcing work on to him, he also has the opportunity to be a separate legal entity which allows him to separate his income with the businesses income this helps due to the fact that if anything went wrong with the business they can’t be eligible to take his money. The owner wants an opportunity to visualize the demands the people need such as the quality of life. The business is able to increase its popularity as 70% of customers are returning customers they will keep coming back brining along with them new faces. The owner also wants the business to keep running after death to support the society and provide job opportunities.
If the business is successful it can spread internationally and can be a global business successful in many ways expenses involved in setting up and running the business
Before a business can run it has to research what the demands are in the society so the business can be successful, the owner can do two methods to inshore a well-developed company: 1. Market research and market strategies this can show us the demands in which the society is in need of by sending a team out to research, they look at main things in a business the quality of life, demands, profitable strategies etc. 2. The Procurement Strategy provides agencies with strategies for implementing a program of procurement reform and identifying potential cost saving opportunities. The Procurement Reform presentation provides an overview of the toolkit. The toolkit is based on three inter-related activities or strategies that are central to an agency's efforts to reform its procurement practices and achieve genuine savings: * spend analysis * procurement planning * Buyer awareness.
As well as providing an approach to addressing the above three activities, the toolkit covers better buying principles and associated recommendations that agencies should apply when procuring goods and services.
Finally, the toolkit includes a Self-Assessment Template that agencies can use to monitor and assess their performance in implementing the reform agenda and achieving cost savings and efficiency improvements
Insurance is another major investment it can easily protect your company if any damages is been done to the business
The location of which the company is going to run its facility is needed this is very risky as it tells if the company would be successful or not it must be in the right area to the suppliers to the customers and to many other facilities
The business has to offer its products it’s done by developing its courses for people to do without giving products the business can’t run
Finding good employees isn’t easy as they are in demand are only welcomed if they have the right wage that satisfies their needs to work at your company
It’s also better things out if you hire a business development manager he is the one that manages everything the business does to be successful it basically means your risking the business

problems the business faces
Every business starts from scratch and for that the owner is risking everything. To start it up the company is involved in competition with other known companies that’s a big risk taken. Uncertain if the business will ever develop if not planned correctly the business can crash and fail.
The company would be very fragile if one thing doesn’t go well it can lead to problems and worse bankruptcy if not funded well it. Every business as a start doesn’t make any profits it loses money till it starts to develop on top of that you have to pay for its expenses for running the business. All these examples are the problems the business faces

INSURANCE | 7,000 | LOCATION | 250,000 | MARKET RESEARCH | 500,000 | PRODUCTS | 30,000 | PLANNING | 2000 | EMPLOYEES | 10,000 | SALES | -500,000 | TOTAL | 299,000 LOSS |

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