Biz Hero is a new Corporation that focuses on the survival of start-up, existing and veteran businesses
through means of shared managed services. Our team of experts, comprising of business owners and industry
specialists, have come together in order to provide a business model for new and existing owners that extends the lifespan and increases profit margins of today’s business.
Our goal is to decrease the collective business turnover rate by lowering the start-up and operating
costs of mandatory technology, licensing, services and functional roles needed to properly operate as a business entity. While maintaining a level of service quality that exceeds industry standards. Therefore allowing businesses to shift financial focus to improving employee knowledge base, back stock quantities, product selection, services and
entity integrity. To accomplish this goal Biz Hero has developed a shared services business model that provides owners with full admin office functionality at a fraction of the cost.
Biz Hero has identified the impact that failing businesses have on our communities. We have created a
solution to help the 65% of new entities that open each year and fail within one to two years of existence. Unsuccessful businesses leave a tremendous amount of debt to lending companies, add to the high unemployment
rates and negatively impact our economic stability. We look to help our communities succeed and encouraging economic growth and opportunity.
There are a few pertinent areas of sells for this system, each of them requiring an unique selling proposition.
The most unique selling point for a business owner will be the savings. According to studies done by Intuit Quickbooks and the SBA, the average cost for small to medium businesses needing data and networking infrastructure is between $11,000 – $32,000. For enterprise, start-up costs start around $250,000. 30% of this cost is designated to mandatory technology needed to run the everyday operations of a business. Biz Hero has implemented a business model with potential to lower this technology cost to 13%, providing business owners the opportunity to focus on facility improvements, product development, marketing strategies and clientele. In addition to savings generated by low cost technology start-ups, Biz Hero has also incorporated a shared managed service structure designed to provide admin office functionality for businesses of all sizes. By including accounting, Information Technology and human resources services in our memberships, and sharing the cost of the resource among our members, we save each client up to 75% on employee compensation when staffing those departments.
Currently 63% of employers have outstanding debt. By allowing financial focus to shift from operating cost to revenue stream,
lenders improve their repayment rates as well as lending capabilities. The success of the business translates to success for the lender. .
10Confidentiality Notice: This Business Plan is confidential and contains proprietary information and
intellectual property of Biz Hero. Neither this Business Plan nor any of the information contained herein
may be reproduced or disclosed under any circumstances without the express written permission of Biz Hero.
The unique selling point is security. By assisting with the longevity of the current business life cycle, we
are also assisting with the current unemployment rate. A good example of this would be the Sierrita
mines closure. This Phoenix-based mine was one of the largest employer in the state of Arizona. Due to cost fluctuations in the pricing and resell of their products they had been forced to cut back on employee and vendor spending in order to save on overall production. Before the cut was announced in October the mine employed only 1300 workers after starting as the ninth largest employer in Arizona with 5,800 employees. Cutting operating costs will allow room for environmental and budget changes at no cost to the community.
Biz Hero understand that savings alone will not help a business survive. With that in mind we have also developed a business education track that consists of seminars, webinars, conventions and other events designed to educate today’s business owners.
lessons teaching business owners how to properly manage a
project. These events cover All aspects of project management from stakeholder identification to phase creation and budgeting
These events cover methods to be considered when confronted with major market changes and outside influences with potential to affect revenue.
These events cover proper funding allocation, budgeting tactics and loan repayment
These events allow vendors to showcase services and products, introducing
business owners to new
These events provide general training on Biz Hero services and software utilized for providing admin office functionality to members Biz hero offers its products and services in the form of small and medium business memberships. We also provide enterprise quotes for larger companies needing our services. Our memberships provide full admin functionality, including accounting, IT and Human Resource services. As well as an e-commerce or business website and additional add on options such as an add-on app creator, additional options for space, cpu, memory, etc. The charts located on the following page will describe what is included in each membership. Please see the Brochures and Press release section for detailed descriptions of each service and product
1. Money Savings: our Biz Hero managed IT services program saves you money by helping minimize
expensive network disasters
2. Proactive Solutions: clients experience better performance, fewer glitches, and practically zero
downtime. The Biz Hero program helps detect these problems early thus prevent them from escalating
into more expensive repairs and downtime.
3. Access to Professional IT Staff: clients can feel as though they have an in-house IT staff without the full-time employees costs. As a Biz Hero client, you will have access to a knowledgeable support staff that can be reached immediately if you have any kind of computer problem or question.
4. Predictable Spending: Biz Hero clients receive substantial discounts on IT services. Under this
program, clients pay one flat affordable rate and get all of the technical support needed. No hidden
charges, caveats, or disclaimers.
5. Faster Response Time: Biz Hero clients receive faster response time support. Through our enterprise class monitoring and remote management systems, we have the ability to access and repair most network problems right from our NOC. If we cannot fix it from our NOC, in most cases we dispatch a technician to your office the same day.
6. Vendor Management: we deal with the hardware and software vendors and “speak geek” on your
7. Peace of Mind: As a Biz Hero client, you gain incredible peace of mind, having the knowledge that Biz Hero is making sure everything pertaining to your network security and reliability is handled properly, so you don’t have to worry about it. You have a business to run. We’ll take care of your computers.
Finance and accounting (F&A) was one of the first processes that companies outsourced, and the
practice continues to boom: Ed Thomas, an analyst for Ovum research, found the number of F&A
outsourcing projects valued at $1 million or more increased in 2012 compared to the year before.
As the market matures, companies contracting for outcomes are exploring fresh ideas and seeking new answers to streamline F&A processes. They are expanding outsourcing to new areas of finance and accounting, new industries, and new sizes of companies than in the past.
Driving efficiency is a high priority for CFOs who want to outsource F&A processes, according to an Ovum study of 150 large companies in the United States, United Kingdom and Canada. Most survey respondents saw the main strategic aim of the accounting department as delivering efficiencies, whether that is within the department itself or across the company as a whole.
“This is a wider trend in outsourcing as a whole,” Thomas explains. “Cost reductions are the table stakes, and companies want to know what else their outsourcers can do to make their processes and technology run more efficiently.”
The most commonly outsourced services within accounting are payroll accounting, accounts payable, and accounts receivable. The Ovum study found companies are “moving up the value chain” in the types of F&A functions they outsource.
“They are looking to move from relatively basic transactional processes, such as accounts payable to more strategic functions, like budgets, forecasts and internal audits,” Thomas says. “More than a third of respondents had outsourced internal auditing, which is a high-level function.
Simplifying and standardizing F&A processes is a key characteristic of well-run companies, and by instilling good F&A processes these companies can achieve a variety of good outcomes—such as more information, more service and more cash. By simplifying their F&A processes, companies have found they can reduce the cycle it takes to close books, and they can develop better benchmark and baseline financial processes to help them meet regulatory requirements
Expanding the scope of outsourcing can multiply such benefits, some experts say. “One simple example is accounts payable and receivables,” says Jag Dalal, managing director of thought leadership at the International Association of Outsourcing Professionals (IAOP). “If you outsource only one function, you limit your benefits. If you outsource both, you get a value beyond improving the transactional component because the outsourcer can see when cash comes in and goes out. That can help the company take best advantage of the cash on-hand and optimize internal processes.”
As companies look to leverage the power of their data, they are turning to outsourcers with greater expertise and technology resources than they have in-house. “An outsourcer is going to have access to state-of-the-art technology, and experts who use those software packages every day,” says Greg LaFollette, a spokesperson for CPA2Biz.
More and more, companies are looking for end-to-end F&A capabilities from outsourcers. Consider how outsourcing can help a company get a better handle on its pay-to-procure process. Powerful analytics can help a company better understand their spending through the entire supply chain in order to control budgets and standardize procedures company-wide.
This approach allows companies to identify cost savings through supplier consolidation and duplicate payment analysis. Automating the process can improve policy compliance and reduce order errors by ensuring employees around the world can order what they need when they need it,, while enforcing business rules and limits that prevent employees from making costly mistakes.
While CFOs of large companies are focused on outsourcing to improve far-flung global operations, smaller companies, who have typically eschewed outsourcing of F&A, are beginning to embrace it as well. Outsourcers have expanded their offerings to the small- and mid-size company segments and developed solutions targeted toward specific vertical industries.
A recent report from the Association of Chartered Certified Accountants (ACCA) found that companies using F&A outsourcing believe they will reduce costs but lose control. However, as they realize those cost advantages, they see that quality is rising because benchmarks are being applied to their performance. In the end, the report concludes, companies could see control was improving, too.
“Many companies don’t realize going in that they manage an outsourced provider more stringently than their in-house resources were managed,” Dalal says. Outsourcing outcomes are more likely to use clear metrics, such as savings and service-level achievement. That allows a company to have continuous improvement in their accounting and finance operation, while the company itself can focus on its core competencies.”
An organization’s human resources department is responsible for a variety of functions. Human resource departments oversee employee payroll and tax filing as well as employee benefit and health administration. Human resources also manage legal compliance, maintain files and records, and oversee training and development. For many businesses, the various functions of the HR department are toocomprehensive and complex to maintain in-house. Businesses that outsource HR functions receive several advantages that support the company’s bottom line.
Human resources outsourcing firms help businesses minimize risk. Employment and labor laws change regularly, and it can be difficult for employers to remain up-to-date on regulations that affect the workplace. Outsourcing firms employ HR professionals whose purpose is to stay abreast on a variety of federal and state employment laws. HR staff helps businesses comply with these laws to avoid costly lawsuits brought on by employees. HR firms also maintain and audit company policies and practices to ensure the organization and its employee’s best interests remain protected.
Outsourcing helps reduce the cost of maintaining nonrevenue-generating back-office expenses. A fully functional human resources department requires additional office space and highly trained and experienced HR staff. Many small businesses find it more cost-effective to outsource HR functions rather than expand to a larger location to meet the space needs of another department. Furthermore, outsourcing costs are variable and can be reduced when business needs warrant.
Maintaining an efficient and productive workplace is critical. Outsourcing HR functions create greater efficiency within human resources systems. Advanced human resources technology utilized by outsourcing providers help streamline important HR functions, such as payroll, benefit administration and compliance management. Outsourcing helps employers and managers spend less time doing paperwork and more time dedicated to improving the efficiency and effectiveness of the workforce.
Outsourcing HR functions help businesses manage employee performance and development. Providers implement performance management plans to ensure employees comply with company policies and procedures and successfully meet business goals. Outsourcing firms periodically monitor employee performance and report findings to management. This reduces the workload of managers by minimizing the amount of administrative responsibilities they must focus on.