Author: Ali Bagheri

Risk

Ali Bagheri Disruptive New Venture Idea

Start-ups are inherently creative. Thus, start-ups have the characteristic of being businesses that cope with high levels of complexity and dynamicity, as well as being exposed to various risks, especially in this unprecedented period. Enterprises take chances in order to innovate (Bessant, 2003). Damodaran (2007) defines risk as the probability of earning a different return on investment (ROI) than expected, a method that considers both negative (downside risk) and positive (upside risk) outcomes (upside risk).

The advantages can be immense, but there are always drawbacks: In the first three years, 60% of new businesses collapse.

In contrast, the world of start-ups isn’t about taking chances. Careful planning makes the distinction between businesses that withstand unforeseen situations and those that do not.

Funding risk

Many start-up entrepreneurs need investment to grow their product or service before they can begin trading. Start-ups usually lose more than they receive over the first two to three years. Obtaining financing from buyers and lenders can be challenging in and of itself, and owners must ultimately repay the sum.
The solution

A precise financial outlook and a workable budget will help to minimize volatility. Cash flow may be a big problem for small businesses; take Ben Rubenstein’s advice from marketing company Yodle, who formed flexible payment plans with vendors to make the early days less uncertain. Finally, there are government resources available to assist and complement our spending.

Competitors Management & risk

When you have a bright idea, odds are someone else has already dreamed about it. Breaking into a competitive market dominated by multinational firms would be tough. Meanwhile, a lack of a niche could be a warning sign; there could be an explanation why no one has looked at the idea. Dealing with the market, whether it’s a large corporation or a small local enterprise, can be challenging in any situation.

The solution

We’ll patent our product’s or service’s distinguishing attribute so that rivals can’t imitate it. We should keep our thoughts to ourselves until we are able to share them.

Financial Forecast

Ali Bagheri Disruptive New Venture Idea

Government grants come in a range of shapes and sizes, ranging from discounted premiums and free supplies to cash incentives to aid in the development of a new business. Typically, government grants are distributed in the form of a direct grant.

Direct grant

This is money allocated to a new company to cover the expenses of getting started, such as preparation, equipment purchases, or moving into new markets, such as international exports. Most grants enable the company to pay half of the grant’s amount, but funding of up to £0.5 million is possible based on the sector.

Start-ups soft loan

These are similar to scholarships, but they are essentially loans with lower interest rates and longer terms than those offered through traditional lending platforms. The government-backed Start Up Loans scheme provides personal loans of up to £25,000 at a 6% interest rate and free business advice and mentoring. Reference: [Start-up loans]

Plan for webinars

Every week, we can provide one free webinar in which students can benefit from our guest’s experience learning at a specific school, as well as one fee-based webinar in which students can hear about the most recent rules and news for specific programs. We don’t expect many people to turn up for the first three months, but having one free session to draw people and build confidence is preferable. The fee-based webinar would likely cost £45 for 90 minutes and the advisory call would be £55 for an hour.

Upfront costs

Website development cost: £8000

  • Unlimited subpages
  • UX|UI design
  • All Exclusive features
  • Database

Reference: [elaraweb.co.uk]

Intellectual property solicitor legal fee: £1500. Reference: [Waterfront Solicitors LLP]

Ongoing Costs

Domain: £18 per annum

Google cloud: Free for 12 months and after $300 per annum

Google Business E-mail: £4 per month

Adobe Creative Cloud: £49.94 per annum

Website Technician: £ 2150.04 per annum

UI/UX designer: £2354.18 per annum

Digital Strategist: £2106.54 per annum

Business Canvas

Ali Bagheri Disruptive New Venture Idea

The ability to innovate is a game changer. However, not all business is prepared for a disruption. Without a timeline, pivoting is almost difficult. For an organization to innovate, a fine-tuned strategy that guides it toward a viable future business plan is needed. We were able to analyze the sustained market models using the canvas in terms of fundamental structures such as main capital, target markets, and sales channels. This segment explains the canvas’s building blocks and presents our survey findings, which illustrate the money-making logic of big data applications (Muhtaroğlu, 2013).

KPI’s and SMART Objectives

Ali Bagheri Disruptive New Venture Idea

a. Average hourly rate

We must keep track of our average hourly rate and, because we charge a flat rate, it is critical that we make money and that our average hourly rate is at a reasonable amount.

b. Client satisfaction

Client satisfaction is an important metric that can help us predict the probability of a client leaving. The happier our customers are, the more likely it is that we will continue to collaborate for a longer period of time. By holding regular meetings with our customers, we will identify areas for change.

c. New clients

Even if our existing clients are happy with our offerings, we do need a lot of new clients to grow and diversify our risks.

d. Employees (Advisors)

When it comes to running a consultancy company, our most precious commodity is our staff. We should still keep track of the amount of qualifications and have monthly instruction to keep them up to date and updated of new regulations and legislation. Watts (2012) refers to this post-industrial culture as the “knowledge society,” implying that it necessitates knowledge, emotional, and analytical abilities.

“Selecting the right measure and measuring things right are both art and science. And KPIs influence management behaviour as well as business culture.” 

― Pearl Zhu

 

Operation Aspects

Ali Bagheri Disruptive New Venture Idea

“You Advise Me” is an online website focused on the perspectives of university students as well as Department of Education requirements (DfE). Overall, this is a set of resources for freshmen seeking noun benefit TRUE facts. All communications and meetings will be registered for training and tracking purposes, and success will be easy to follow.

The British Council has established a partnership policy of “You Advise Me”. The British Council provides a vast number of grants and bursaries to both domestic and foreign students each year. However, since our platform is designed for students, especially those who speak more than two languages, we will be able to recommend English Language Courses depending on the student’s level and preferences, thanks to a collaboration with the British Council.

Both meetings will be held on our website, which allows users to register online and build a free account before they can use it. Students who want to enter us must fill out an application form and have the necessary documentation, including proof of identity and readiness to serve in the United Kingdom. After their application has been checked and reviewed, they can attend an online workshop with our partner British Council to prepare for their position as an official advisor.

Students seeking guidance will be able to choose and book a student adviser after they have been confirmed. They will be directed to the check-out procedure to complete their order, where they will be able to pay the informing call fee of 25 pounds.

“You Advise Me” will be a friendly forum where students from all over the world who want to study in the United Kingdom will have a good time and find the web interesting.

Competitors & Potential Partners

Ali Bagheri Disruptive New Venture Idea

The idea of “You Advise Me” is new, because there are actually no clear competitors dependent on Student Advisors; instead, we are assembling prospective students and preparing them for advising. In contrast, our indirect rivals may be university agents or long-term advisors and research collaborators.

Prospective collaborators could include universities and colleges who engage with the “You Advise Me” program; but, for the purposes of tracking and educating advisers, we would like to have an open relationship with them, not only to improve the consistency of “Power Calls,” but also to credential our advisors who can add value to the platform. Furthermore, working with universities in our second step can be a win-win scenario for both sides because it relieves universities of the burden of hiring external advisors to advise their enrolled students. Our licensed advisers will be able to organize an effective strategy for our client that is compliant with their policies by partnering with higher education organizations and programmes.

University agents (student recruiters) who are able to send students a free advice call in exchange for endorsing private sector schools, colleges, and high tuition fee universities in exchange for a high percentage of commission are potential rivals.

Relationship management entails more than just a buyer–seller relationship; rather, it centers on coordination and communication between a company and its customers (Ackerman & Schibrowsky, 2007-2008). Relationship management, in this context, refers to the learning relationships established between faculty members or mentors and students (clients) in order to coordinate and share responsibilities for learning (Baxter Magolda & King, 2004).

The Market

Ali Bagheri Disruptive New Venture Idea

The dramatic rise in consulting costs over the past 14 years has caused controversy, with others speculating that the funds would be better used elsewhere. The Department of Education, on the other hand, seems to be doubling down on its efforts, allocating a further £2.3 million for consultants to find cost-cutting areas in the education sector.

Education is one of the most important sectors where the UK’s prosperity can be prepared. While vast swaths of an aging workforce hit retirement age, and rapid technological change means that the remaining work force must be prepared with the necessary skills if the UK is to avoid losing their potential amid a shrinking talent pool, post-Brexit immigration restrictions are likely to stifle the flow of talent into the nation.

Reference: [Consultancy.uk]

As the education sector braces itself for these dramatic shifts, the Department for Education (DfE) has reported that it has increased its consulting budget over the last 14 years. While it is common for consultant spending to increase in such circumstances when organizations of all sizes seek outside expertise to help them respond to change, the fact that the figures come amid the state education sector’s long history of austerity has rendered it a magnet for harsh criticism. The NEU teaching union was particularly harsh in its message about the number (Counsultancy.uk, 2018).

There is currently no Advisor forum where students in the United Kingdom may counsel other students. According to federal policy, an education specialist must hold a first degree or complete the HND to be an advisor. We want to prepare our advisors for this reason, and once they pass the course and earn the credential, they will be eligible to counsel across our website. A variety of online classes and training will be available to our mentors to not only keep them up to date but also to monitor their success.

 

Overview Statement

Ali Bagheri Disruptive New Venture Idea

“You Advise Me” is a brand-new network that is attempting to be exclusive. Students will offer guidance to prospective students here. In practice, students tend to seek advice from peers who have already completed the same process. Students will use “You Advise Me” to communicate with other students and gain information and insight from their peers. Advisors evaluate their clients’ experience, abilities, and then use the research project to educate, inspire, and challenge them. Finally, our mentors (Student Mentors) should have support and opportunities for professional advancement.

We have the following obligations in “You Advise Me”:

  • Establish guidelines
  • Act as a good role model
  • Take a genuine interest in our client as a whole
  • Share our thoughts and observations
  • Ask questions
  • Provide constructive feedback

Academic advisors need to act as student relationship management (Ackerman & Schibrowsky, 2007-2008) by building quality interpersonal relationships that improve student bonds with their college or university.

How?

First, I’d like to ask you a critical question: “What advice would you send to someone who is about to start the course?”

Who can provide you with a more correct response, an agent or a student already enrolled in this course? Students, on the other hand, have different viewpoints and are more trustworthy, considering the fact that agents are mostly interested in their commission, so they will certainly give you some guidance to persuade you that this course is the right choice for you even though it is NOT.

In “You Advise Me” we instruct you not only to be able to select the best curriculum for your future higher education, but we also train you how to choose the university and how to apply for it, and you have the ability to use any of our resources to help you prepare application criteria.

Mission & Vision

Our goal is to assist you in applying to higher education institutions and the related administrative measures. In this respect, you should seek guidance from students who have studied at higher educational institutions.

When students reflect on their university years, they remember people—friends, teachers, and significant others, such as academic advisors—who have made a dif­ference in their lives. (Rawlins & Rawlins, 2005, p. 18)