Business plan of online business Research Paper

Business plan of online business - Research Paper Example Party Safaris seeks to be a leading global business in the field of event management and organization, specializing in two types of products. The first service provided and undertaken by Party Safaris Event Management Company is actual event management from the start to the end of the event. These events range in wide varieties from weddings, to funerals, to birthdays, as well as corporate and cocktail parties. This service will also incorporate provision of party kits for the participants in the event, and the company will undertake the sole task of planning and executing the entire event from start to finish. The second service provided by the company will be the sale of party kits through an online platform. The company will produce and stock several types of party kits then sell them to customers who are planning or organizing parties, or to those who come to us to organize their parties. These party kits will range from party kits for adults’ birthdays, to party kits for kids birthdays. The company will also provide original party kits for other parties that might not fall necessary under the two categories of parties mentioned above. From the onset of the business, the operations and management of the business will be the sole prerogative of the four founders of the company. These four directors came up with an idea of setting up an events management company in Monaco. Therefore, they will have to put their best efforts into the operations of the company in order to save on costs of operations before the business picks up and expands. However, the directors plan to hire more staff depending on the needs and demands of the business. The first most likely member of staff for the team of four to hire will be an Information and Technology (IT) manager who will be in charge of operating the online operations of the company. From the start, the basis for remuneration for the IT manager will be on an hourly basis