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Entrepreneurship Presentation On Dream Company

By Anish

ManjunathMonicaRichaRitaRohit

Safvee

Verification Pvt. Ltd.

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Name : URVASHI Verification Pvt.

Services : Criminal record verification Civil record verification Financial verification Tenants history verification Employment & Education verification Professional verification Bank A/C search

Board of directors : Anish, Monica,Manjunath, Richa, Rita, Rohit, Safvee

Nature of the company: Private Ltd.

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Mission and Vision

Mission: “To provide the accurate information related to pre-

employment, tenant, screening and business background information”

Vision: “To mitigate business risk and operating efficiencies”

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Values

Company Values: Our shared values that we are guided by are:

Leadership Market pioneer

Passion adaptable

Integrity

Accountability

Collaboration

Innovation

Quality

Coordination

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Market opportunities Employee background screening has become the norm in the

hiring process and many companies

businesses, don't have the time or the means to adequately check up on all their job candidates.

A background check service has relatively low startup costs and high barrier to entry – Limited competition.

you do need a firm understanding of federal, state and local laws.

Market is still unexplored & in a growing stage

Less investment is required

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Market and Industry Environment

Targeted market: Corporate. Firms. Individuals.

Targeted customers: Financial Institutions. IT company. Automobile company. Insurance company Manufacturing & logistics companies

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Internal environment & External

environment Knowledge & Information

Power

have a Biometric Access system

electronic fire-walled networks system

R& D

Government regulations

Competitors

Mobility of staff

Cost structure

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Value Proposition

o Viability of this concept is great

oUntapped market gives us a great competitive edge in this sector

oThe screening industry has grown by 30% to 40% year on year since 2007

oBackground screening is not just confined to job applicants. There are cases where companies ask service providers to run checks on their employees.

o"Most organizations have started conducting comprehensive background checks on all levels of candidates

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Our business model

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Marketing strategy

☻ Mouth to mouth advertisement

☻Differentiation strategy

☻Cost leadership strategy

☻Segmentation strategy

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Organization

Staff structure

The medium and senior R&D staff:65% Other staff:35%

Educational Backgroud of employees

81% Bachelors4% Experienced

15% Mba’s

• Strong focus on technological literacy

• Great emphasis is laid on work culture and employee satisfaction

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Technology team of Urvashi Pvt. Ltd

• Importance to perfect English abilities of reading, writing, listening and speaking .

• Good, development, space, Competitive, salary, Pension, unemployment and work injury insurance

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Core management Team

Headed by Rita & Monica

Headed by Rohit and Manjunath

Headed by SafveeHeaded by Anish

Headed by Richa

Capital ($40664)

Share Capital($3370)

Asset($18483)

Cash and Bank

balance($9242)

Management ($5099)

Sales($5000)

Miscellaneous Expenses($2

840)

Capital Allocation

Idea __ Product

Generating __ Revenue

Earning __ Customer

Sales building __ Segment

Raising __ Awareness

Positioning

Market Traction

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Financial Projections

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• Consumer preferences and demand are the predominant drivers for the verification industry

•Entry costs are also an important factor in the growth of this segment.

•Profitability in this industry is huge

• Competition in this industry is steep, as the company has to compete with other alternative service providers outlets for consumer frequency. Because of this companies often create alliances to present a stronger front.

• Successful advertising strategies, as well as concentration in specialized markets help in allowing company to generate increased revenue.

Company & IndustryAnalysis

SWOT Analysis Strength 1. Varieties of popular services are available

2. Caters to all types of people (individuals, firm, companies)3. Market for this service is still un explored4. It has basic requirement for everyone

Weakness 1.Global penetration is limited as compared to international leading brands

2.customers find it difficult to trust with their documents for security Opportunity 1. High growth in the industry

2. Globally the process has become the need of the time3. Tie-up and association with global brands for better global reach

Threats 1. Internal competition among brands is a serious threat

2. External competition and price wars decrease the switching cost for a customer

Swot Analysis

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Main challenges (Risk & Gaps)

Distribution system.

Organization.

New Technology.

Scale economies.

Customer loyalty.

Customer switching cost.

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Thank You