Introduction
Executive Search & Rescue Placement Firm (Executive), a search firm that specializes exclusively in emerging companies, with a special emphasis on high-tech businesses, is called Executive Search & Rescue Placement Firm. Executive will be serving metropolitan Portland, an active, growing market. The Executive Search & Rescue Placement Firm will be steadily growing its market share thanks to a highly connected network of colleagues in this emerging company niche and a sophisticated predictive screening method.
Management goals include having at least four of Oregon’s top 10 fastest-growing companies using Executive’s services and increasing the number of clients by 20% through superior service.
The Company
Executive is an Oregon corporation registered by Mr. Dan Bloodhound. Mr Bloodhound has over ten years experience in the emerging company and high tech market with excellent contacts that he will leverage into future clients. Executive plans to place a wide range of executive positions, including programmers, project managers, CEO’s and CFO’s. Executive will work on a contingency basis, meaning that they will be paid on placement. They can work for multiple clients simultaneously with this arrangement.
The staff will consist of Mr. Bloodhound working full time. Executive will hire a full-time secretary/receptionist in month two, a part-time generalist in month three, and a full-time account executive in month four. From month four onwards, the company will have a total of four people.
The Market
The Executive Search & Rescue Placement Firm targets the Portland market for emerging companies. Portland will be targeted because 1) it is where Mr. Bloodhound’s network is located 2) Portland is a prime place for emerging companies, it is part of the silicon forest and has the most VC money on the West coast behind Seattle and the Bay area.
Executive is concentrating on emerging companies for the reason that emerging companies need executives more often than less growth oriented companies. Leadership is more in demand as a company grows.
Within the emerging market, Executive will be targeting both high-technology firms and non-high-technology firms. The majority of emerging companies are made up of high tech firms. This group can make up as much as 80% of this market. Executive can still provide value-added solutions for emerging companies, even though many are high-tech.
Advertising and networking are the foundations of the Executive Search & Rescue Placement Firm’s marketing strategy. Advertising will be done through the many local journals that are geared towards emerging businesses. Executive will be often represented in the Business Journal of Portland, which is the most prominent.
1.1 Objectives
These are the objectives for the first three-years:
- To create a service-based business that strives to exceed customers’8217 expectations.
- The utilization of Executive in at least four of the top 10 fastest growing Oregon companies as listed by the Business Journal of Portland.
- Superior service can increase client numbers by 20%
- To become financially viable within the first one year.
1.2 Mission
Executive Search & Rescue Placement Firm’s mission is service emerging companies with top executives. Our mission is to retain and attract customers. Everything else will follow this principle. Our services will exceed our customers’ expectations.