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Business plan Essay Example

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Business plan

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Ryan Consulting has the primary advantage of extensive knowledge of the local market. Despite the existence of good opportunities and a potential for long term growth, the building services and energy conservation market continues to face shortfalls in the midlands region. There are over 32 engineering consultancies registered with the Association of Consulting Engineers Ireland (ACEI) that specialise in mechanical and electrical building services. Only five among them have operations in the outskirts of Dublin and Cork and are based in Galway (2), Limerick (2) and Mayo (1). However, none have an office in the midland region. Ryan not only has the advantage of local presence in this untapped market, but also has the expertise and experience to harness the business potential in the region.Ryan Consulting also has the capability to partner with large firms and embark upon complex and large scale projects. The past few years have witnessed the collapse of the Irish Construction Industry due to the 2008 global financial crisis when the GDP reduced by nearly 7.1% in 2009 alone. In this economic scenario, construction companies have downsized their workforce and are facing difficulties due to fluctuations in demand. A leaner workforce implies that Irish construction firms can cope up with smaller projects. As such, taking up larger projects means that these firms are generally under resourced which requires them to hire external consultants on a temporary basis to cover any intermittent busy periods. Ryan Consulting can help these firms in a cost effective manner by providing relevant support and assist them through standard design services.Ryan Consulting further possesses the advantage of devising fresh and innovative ideas for clients based on its wide ranging experience. The construction industry in the midlands currently needs to focus on developing sustainable ideas in order to weather any crises in the future and cannot depend solely on previous practices and workflows to exploit existing opportunities. Ryan has worked across various segments of the industry and possesses valuable ‘real world’ experience that normal staff may not possess due to their primary focus on day-to-day operations. Such situations have allowed Ryan Consulting to develop innovative ideas that have proved valuable during

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preview essay on Business plan
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Unsorted
  • Level: Undergraduate
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