Structure of Business 1:

Eco-Tech Solution Ltd UK (Products)

[Student Name]

[Student ID]
Contents

Introduction......................................................................................................................................3

Task 1...............................................................................................................................................5

Task 2:...........................................................................................................................................11

Task 3:...........................................................................................................................................12

B-Part:........................................................................................................................................13

Liability Protection:...................................................................................................................13

Tax Implications:.......................................................................................................................14

Governance and Management:...................................................................................................14

Future Growth and Funding:......................................................................................................14

Compliance and Administrative Burden:...................................................................................14

Task 4:...........................................................................................................................................15

Financing and Funding Options for eco-solution Ltd UK:............................................................15

Introduction:...............................................................................................................................15

Self-Funding:.............................................................................................................................15

Debt financing:...........................................................................................................................15

Equity Financing:.......................................................................................................................16

Task 5.............................................................................................................................................16

Human Resource Policies for Eco-Tech Solution Ltd UK........................................................16

Policy on Equality, Diversity, and Inclusion..........................................................................17

 Flexible Work Arrangement Policy.......................................................................................17

Employment Rights Legislation in the UK................................................................................18

The Employment Rights Act of 1996.....................................................................................18

Equality Act of 2010..............................................................................................................19

The 1974 Health and Safety at Work Act..............................................................................19

References......................................................................................................................................21
Introduction

Name of Company: Eco-Tech Solution Ltd. UK

Selected Business: Eco-Tech Solution products

Business Description:

Eco-Tech Solution Ltd UK is a firm committed to offering cutting-edge and long-lasting eco-
friendly technology and solutions. Our main priority is creating and providing goods and services
supporting the environmental protection transition to a greener future.

Product Description:

Our most prominent offering is a cutting-edge solar panel system dubbed "Eco Sun."
Utilising solar energy, this solar panel system produces sustainable and clean electricity. Eco Sun
panels are ideal for residential, commercial, and industrial applications since they are extremely
effective, long-lasting, and attractive.

Target Market:

We seek consumers, companies, and organisations that value sustainability and wish to lower
their carbon footprint. Targeting urban and rural locations with a rising need for eco-friendly
solutions, we will first concentrate on the UK market.

Marketing Strategy:

A multifaceted marketing plan will help us reach our target market:

 Online Presence:

We will build a thorough website and optimise it for search engines to increase visibility. Our
website will feature our goods, offer sustainable energy education, and let clients seek estimates
and consultations.

 Social Media:
We will use Facebook, Instagram, and LinkedIn to generate compelling content, share success
stories, and market our eco-friendly products. Targeted advertising and influencer collaborations
will be used.

 Local Networking:

We will aggressively attend sustainability-focused events, trade exhibitions, and conferences to

meet potential clients, industry experts, and decision-makers. This will promote our goods and
build industry confidence.

Operational Plan:

Our operational plan will involve the following key elements:

 Product Development:

We will invest in research and development to make our solar panel systems more efficient and
affordable. Regular upgrades and improvements will keep us ahead of the competition and
satisfy client demands.

 Supply Chain Management:

We will form strategic alliances with high-quality solar panel vendors to ensure a steady supply.
This will help us keep prices down and satisfy demand quickly.

 Installation and Support:

Our professional personnel will install and maintain our solar panel systems. Customer
satisfaction will be prioritized with prompt help and troubleshooting.

 Environmental Impact:

We will decrease trash, encourage recycling, and offset carbon emissions through eco-friendly
programs. Our brand values and eco-conscious customers will align with our sustainability
promise.

Eco-Tech Solution Ltd UK intends to become a top UK provider of eco-friendly solutions by

adopting this organized method.
Task 1

Mission Statement Template

Guidance Answers

1. Explain your • Are you selling a product Eco-tech Solution Ltd is a commercial and
company’s product or or service? Or is it Non- non-profit company established in the
service offering. profit United Kingdom that focuses on
ecologically friendly goods and services.
• Why should customers
The company's primary product is centred
buy your product or
on sustainable solutions and technologies
services?
that seek to reduce carbon footprints and
• What problem(s) is your promote ecological equilibrium.
product or services solving Product Offering: Eco-tech Solutions
for the customer? provide a diverse choice of
environmentally friendly items, including
energy-efficient appliances, solar panels,
sustainable building materials, and water-
saving technologies. The company also
offers energy assessments, sustainability
consultancy, and the installation of energy-
efficient equipment. Eco-tech aims to help
people, businesses, and communities
transition towards more environmentally
friendly procedures.
Consumer Value: Consumers must pick
Eco-tech Solution Ltd since the products
and offerings provide substantial
advantages to the environment and their
individual or corporate budgets.
Consumers could considerably cut their
energy use, minimise their utility costs, and
 contribute to global initiatives to address
the problem of climate change by
implementing the company's solutions.
Eco-tech Solutions deliver premium goods
supported by exceptional customer support,
providing a positive client experience.
Problem-Solving: Eco-tech's services and
goods solutions solve various critical client
concerns. To begin, the company assists
clients in reducing their ecological impact
and minimising their environmental
effects. This is accomplished through
energy-efficient technology, energy from
renewable sources, and environmentally
conscious approaches. Furthermore, the
company helps clients save money by
cutting their expenditures on power by
using energy-efficient goods.
2. Identify your • What makes your Core Values
company’s core value company unique? State The following vital values guide Eco-Tech
exceptional things that Solution Ltd:
your company does.  Sustainability: Eco-tech promote
ecologically sound solutions that help to
• What do people (internal
create a more ecologically sound future.
and external stakeholders)
 Innovation: Eco-tech Solutions
think of when they hear
continually strive to create innovative
your company’s name?
and revolutionary innovations and
solutions that expand the limits of
environmentally responsible
procedures.
 Integrity: Eco-tech Solutions embrace
 strong ethical principles in their
connections with consumers and other
interested parties, assuring openness,
honesty, and justice.
 Customer Focus: The company is
devoted to recognising and addressing
the requirements of the consumers while
providing value and good service.
 Collaboration: To substantially
improve the business, Eco-tech
Solutions promote relationships and
work together with compatible groups.
Uniqueness and Exceptional Qualities:
Eco-tech's whole strategy for sustainability
constitutes what distinguishes Eco-tech
Solution Ltd. The company provides a
wide selection of environmentally friendly
goods and services, enabling clients to
discover customised options that match
their requirements. In addition, the
company spends on development and
research to be on the cutting edge of
technical breakthroughs in the sector.
Throughout the client experience, Eco-
tech's team of professionals offers
individualised assistance and guidance,
guaranteeing an easy switch to
environmentally friendly procedures.
The Company's Perception: People
identify Eco-Tech Solution Ltd as a
corporation committed to environmental
 conservation, creative environmentally
friendly technologies, and a dedication to
sustainable development. Internal and
external stakeholders regard Eco-tech as a
reliable and credible company providing
efficient ecological impact reduction
solutions.
3. Connect how your How does your company Eco-tech Solution Ltd.'s essential beliefs
company's offering offering serve your core underpin its products and services. The
(product or services) values? You need to tie company’s goods and offerings help
aligns with your your company’s offering customers, businesses, and communities
values and core values in a way lessen their adverse environmental effects.
that makes sense to the The company allows consumers to go
public. green by providing energy-efficient
appliances, renewable energy sources, and
environmentally friendly building supplies.
The company stays ahead of
environmentally friendly options since they
appreciate innovation. The company
investigates and applies innovative
technologies to provide consumers with the
newest environmentally friendly
procedures. They promote environmental
protection by integrating innovations.
The organisation values honesty and offers
top-notch, trustworthy goods and solutions.
The company's clients have confidence in
them to keep their commitments and make
aware sustainability choices because their
practices are transparent and honest. Eco-
tech's culture is customer-focused. The
 products are tailored to fulfil every
consumer's requirements. They offer
individualised coaching, assistance, and
excellent client service for a happy and
easy sustainability experience.
Complex environmental issues require
coordination. The company embraces
relationships with similar businesses to
create and carry out comprehensive
solutions. They encourage working
together to make significant modifications
and enhance the environment. The
company reflects fundamental principles of
supporting innovation, ethical business
practices, consumer fulfilment, and
cooperation. The goods and services
motivate and encourage people,
companies, and communities to adopt
environmentally friendly methods and
improve the future.
4. Condense these You need to state, ‘the Eco-tech Solution Ltd is committed to
statements into one. what’, ‘the who’ and ‘the offering ecologically sound products that
why’ of your company: align with its fundamental principles of
sustainability, innovation, integrity,
• What: The company
customer attention, and cooperation.
offering
What they offer: The company provides a
• Who: Who you’re selling wide selection of products and services that
to? are environmentally friendly, such as

• Why: The core values appliances that save energy, solar energy
you do it for systems, environmentally friendly building
supplies, and water-saving gadgets. The
 company's services include energy
evaluations, green advice, and energy-
efficient system installation.
To Whom: Eco-tech markets its products
to people, businesses, and communities
looking for long-term solutions to
minimise their environmental impact and
energy usage.
Why: The company's dedication to
creating a good influence on the
surroundings and the community at large.
They strive to increase long-term
sustainability, develop in the area of
renewable technology, function with
honesty, emphasise consumer satisfaction,
and partner with related organisations to
build a better tomorrow by supplying
ecologically friendly services and goods.
5. Make sure it’s This is when you clarify Eco-tech Solution Ltd.’s objective is to
clear, concise, and and perfect your mission develop into the leading supplier of
free of fuzz. statement once you have creative, ecologically sound solutions that
successfully conveyed your help to create a more environmentally
message. Your statement friendly and sustainable future. The
should clearly outline the company works hard to minimise its
purpose of your company environmental effect by providing various
offering and demonstrate sustainable services and goods. Eco-tech's
the common goals your mission is to inspire people, companies,
company is working to and communities to embrace
achieve. environmentally friendly procedures,
reduce their ecological footprint, and have
beneficial effects on the environment while
 adhering to their core values of
sustainability, innovation, honesty,
customer focus, and cooperation. The
company collectively works to create a
more sustainable planet for present and
future generations.

Task 2:

Eco-Solution Ltd UK is a company that specializes in offering customers’ eco-friendly goods

and services. The choice of environmentally friendly industry was made in light of the rising
worldwide concern for environmental sustainability and the expanding market for sustainable
goods. It is a strategically feasible company industry since this decision aligns with the new
consumer preferences and legal framework developments.

Firstly, as environmental knowledge and concern have grown, people are actively looking for
eco-friendly substitutes for conventional goods. According to Chi (2022), customers are
increasingly driven by environmental concerns and are prepared to buy things with minimal
negative environmental impact. Eco-Solution Ltd UK operates in an environmentally friendly
industry to meet this consumer demand for sustainable solutions and tap into a rising market
area.

Second, the regulatory environment has begun to favour and promote sustainable practices.
Governments all around the globe have put policies and rules into place to stop environmental
deterioration and lower carbon footprints. Businesses that operate in the green industry can
benefit from these rules. Such regulations can increase market demand for eco-friendly goods
and technology, as noted by Calza et al., (2017). By taking advantage of this favourable
regulatory climate, Eco-Solution Ltd. UK can solidify its position as a market leader in
environmentally friendly goods while also anticipating and adhering to new laws.

Eco-Solution Ltd UK can set itself apart from rivals by selecting the eco-friendly industry and
getting a competitive edge. Businesses prioritizing environmental responsibility may draw in and
keep a dedicated client base now that sustainability is a significant consideration in consumer
decision-making. According to Camilleri (2017), customers are more likely to have a long-term
connection with businesses that share their environmental values and believe sustainable
products are more reliable. Eco-Solution Ltd UK may position itself as an innovator in the
environmentally friendly industry by establishing strong brand identification and capitalizing on
the expanding market for sustainable solutions.

Task 3:

Legal Status Strengths Weaknesses

PLC (Public Has the ability to grow and Strict legal and regulatory requirements,
Limited expand by raising funds by which raise the cost of compliance.
Company) selling shares to the general Tighter regulations regarding
public. transparency. T
Limited responsibility, defending hey are diluting ownership and decision-
shareholders' assets. Improves making among several shareholders.
market reputation and
trustworthiness.
LTD (Private Limited responsibility, defending Share transfer restrictions that reduce
Limited shareholders' assets. liquidity and investing possibilities.
Company) Flexibility in ownership and Difficulties in obtaining funding
decision-making. in comparison to public firms.
More straightforward to run and The possibility of limiting the number of
keep up than other legal shareholders and allowing public
frameworks. investment.
Registered We have been granted tax breaks Limited capacity to make money or pay
Charity and exemptions and seen as shareholders dividends.
socially conscious, increasing Strict rules and documentation
public support and trust. requirements.
Access to financial options and Reliance on donations, susceptible to
grants. changes in the market and donor
preferences.
Eco-tech Solutions Ltd UK chose a Private Limited Company (LTD) based on its pros and cons.

Eco-tech Solutions Ltd. is a private limited company. Thus, shareholders' assets are safeguarded
from corporate obligations. The firm may be set up and maintained easily and quickly compared
to a PLC. The company may focus more on eco-tech solutions and operations (Khadartsev,
2021). A PLC would allow eco-tech Solutions Ltd. to issue shares to the public, but its
complexity, expense, and regulatory restrictions may need to be revised. Since the firm develops
and sells eco-friendly solutions, a private limited corporation offers more freedom and control.

Eco-tech Solutions Ltd. may also regulate decision-making as a private limited business,
ensuring its vision and purpose match its goals. It may be harder to generate funds than a PLC,
although private investors and financial institutions can help (Undheim, 2023) Eco-tech
Solutions Ltd.'s business model may not meet a registered charity's tax benefits, grants, and
contributions. The firm provides eco-tech solutions as a commercial endeavor, and charity
actions might harm its development and sustainability.

B-Part:

Several essential elements must be considered when establishing a legal framework or structure
for organizations like Eco-Solution LTD in the UK. These elements greatly influence the
business's operations, governance, tax liabilities, and overall long-term performance. These are
the top five things to think about:

Liability Protection:

Liability protection must be one of the main things you consider when selecting a legal
framework. Business owners might receive differing levels of personal liability protection under
various legal frameworks. For instance, a limited liability corporation (LLC) or a limited liability
partnership (LLP) can protect the owners' private assets from their businesses' financial
obligations and legal liabilities. This is essential, particularly for companies like Eco-Solution
LTD, which deal with items that might include hazards or legal ramifications (Dat et al., 2022).
Tax Implications:

The tax ramifications of the chosen legal structure should also be considered. Each type of legal
structure has unique tax obligations and advantages. Pass-through taxation, for instance, is
available in partnership and sole proprietorship structures when business income and losses are
recorded on the owner's tax refund. Contrarily, a corporation may be subject to double taxation,
where the firm and its owners would each be taxed separately on their income. To improve its
financial situation and reduce tax obligations, Eco-Solution LTD should carefully consider the
tax consequences in a study by Tsindeliani et al., (2019).

Governance and Management:

The business's governance and management are also impacted by the legal structure that has
been selected. The criteria for decision-making, corporate governance, and management
structure differ depending on the system. For instance, an LLC gives more excellent
administration and decision-making freedom than a corporation with a hierarchical structure with
a board of directors, officers, and shareholders. Eco-Solution LTD should consider its required
level of control, decision-making procedures, and corporate governance standards when selecting
a legal system, as noted by Settembre et al., 2021).

Future Growth and Funding:

When choosing a legal structure, it's crucial to consider future growth potential and the
company's financial requirements. Corporations include legal entities with superior opportunities
for obtaining outside investment or raising cash through issuing shares. On the other hand,
alternative business arrangements, such as a sole proprietorship or partnership, could restrict how
they can get finance or grow their companies. Eco-Solution LTD should evaluate its
development goals and finance needs to select a structure that aligns with its long-term
objectives (Döll et al., 2022).

Compliance and Administrative Burden:

Lastly, firms must consider each legal framework's compliance and administrative requirements.
There are various reporting and regulatory obligations for multiple structures. For instance, a
corporation often has more stringent compliance requirements, including submitting yearly
reports, having frequent meetings, and keeping accurate corporate records. Eco-Solution LTD
must determine how well it can handle these administrative demands and allocate resources
appropriately (Abdullah et al., 2022).

Task 4:

Financing and Funding Options for eco-solution Ltd UK:

Introduction:

Financing a firm like Eco-Solution Ltd UK is crucial. Startup funding is typically the most
challenging part. This briefing will examine three financing options for eco-solutions business
plan implementation. Potential stakeholders can weigh the pros and cons of each choice.

Self-Funding:

Bootstrapping using personal funds, assets, or resources to support the business is self-funding.
This method is advantageous. Firstly, it gives the founders complete control and ownership of
the firm, preserving their vision. Self-funding also avoids conflicts of interest and share dilution
from outside investors (Wiatt et al., 2021).

Self-financing has drawbacks, such as Personal resources may hinder eco-solution growth.
Relying on personal money puts entrepreneurs in danger of financial losses. Attracting top talent
or convincing stakeholders of the business's sustainability may be difficult without external
capital as noted by van and Whitaker (2022).

Debt financing:

Deb financing is borrowing money from banks, financial institutions, or private lenders and
paying it back with interest. This solution gives instant funding without giving up corporate
control. Debt financing allows eco-solution to keep full ownership and management as lenders
don't acquire shares. Tax-deductible interest lowers borrowing costs. Debt financing also helps
entrepreneurs build a business credit history, which can help with future funding and
development in research by Zhang, (2023).

Debt financing has downsides, such as monthly repayments can strain cash flow, especially early
in the firm when revenues may be minimal. Depending on the business's and founders'
creditworthiness, loan interest rates and terms may be unfavorable highlighted in the research of
Bertoldi et al., (2021). Debt financing also creates financial commitments and the danger of
default, which might harm eco-solution.

Equity Financing:

Investors buy business shares for capital. Eco-solution may acquire considerable money without
debt using this technique. Angel investors, venture capitalists, and families can invest in
equity. Equity finance offers funds without interest or repayment. Investors share company risks
and profits as partners (Lerner and Leamon, 2023). Equity investors can provide skills,
relationships, and industry understanding that may help eco-solutions succeed.

Equity financing requires special considerations. The founders lose power over decision-making
by selling shares. Investors may also anticipate a high return, which might cause corporate
management problems. Attracting and negotiating with equity investors takes time and requires
thorough investigation and legal documents (Pham, 2023).
Task 5

Human Resource Policies for Eco-Tech Solution Ltd UK

A nti-H arassm ent and N on-discrim inatory policy

E m ploym ent policy

E quality, diversity and Inclusion policy

F lexible w orking arrangem ent policy

R em ote w orking and reduced w orkw eeks policy

Policy on Equality, Diversity, and Inclusion

Eco-tech Solution Ltd understands the significance of encouraging inclusiveness, diversity, and
equal treatment in employment settings. This policy assures that all workers are given
consideration equally irrespective of prejudice to their chronological age, race, ethnic
background, beliefs, disabilities, or gender identity (Adhikari and Rai, 2022). The policy aims to
develop a friendly and diverse workplace atmosphere that supports diversity and equal
opportunity for all workers. It contains measures for encouraging diversity in the hiring and
recruiting procedures, making suitable modifications for staff members with impairments, and
creating educational opportunities to improve understanding and avoid prejudice. This strategy is
critical for Eco-tech Solution Ltd because it creates an inclusive culture, boosts morale and
engagement among workers, and strengthens the business's image as an ideal place of
employment.
Organisations that promote diversity and inclusion practices report better satisfaction among
workers, increased innovative thinking and creativity, and enhanced productivity as a whole,
according to research conducted by Brimhall and Mor Barak, (2018).

Flexible Work Arrangement Policy

Eco-tech Solution Ltd has an adaptable work arrangement policy in place to meet its workers'
changing demands and requirements. Workers can have greater authority over their work under
this policy, like time flexibility, remote employment possibilities, or reduced workweeks
(Alsulami et al., 2022). The goal is to enhance the balance between work and personal life,
employee happiness, and performance. The policy contains recommendations for seeking and
accepting arrangements for flexible employment, assuring that company demands are satisfied
while workers' situations are accommodated. The policy prioritises worker wellness to minimise
anxiety, absence, and tiredness while increasing work fulfilment, efficiency, and engagement.
According to Unsal et al., (2021), thoughtfully constructed and executed workplace wellness
initiatives can result in a good return on investment (ROI), including lower costs related to
healthcare and improved efficiency. In addition, according to research of Wood et al., (2020),
workers who have a greater equilibrium between work and personal life have lower anxiety
levels and higher engagement with their jobs. According to Silaban and Margaretha (2023),
flexible workplace arrangements benefit employee wellness, workplace fulfilment, and balance
between work and personal life, resulting in greater worker retention and enhanced dedication to
the organisation.

Employment Rights Legislation in the UK

The Employment Rights Act of 1996

The Employment Rights Act of 1996 is an extensive piece of law that sets the fundamental
workplace freedoms and responsibilities in the United Kingdom (Brione and Pyper, 2022). It
addresses various issues, notably the right to provide written confirmation regarding work
details, defence from unfair and unlawful termination, redundancies compensation, and minimal
notice periods. It also signifies the rights of workers to form groups and negotiate collectively
(Brione and Pyper, 2022).
The Employment Rights Act of 1996 includes the following key provisions:
 Safeguarding employees against unlawful termination, except for misbehaviour, redundant
tasks, or disability.
 Legal redundancy compensation is dependent on the period of employment of the worker
(Brione and Pyper, 2022).
 A written description regarding employment details stating fundamental requirements and
conditions of service must be provided within two months of commencing work.
 Minimum notice periods for termination of employment, which change depending on the
length of service (Brione and Pyper, 2022).

Equality Act of 2010

A revolutionary piece of legislation, the Equality Act of 2010, prohibits discrimination,

harassment, and victimisation based on protected characteristics, such as age, physical or mental
impairment, marriage and civil partnerships, pregnancy and motherhood, ethnic background,
religious convictions, gender, and gender identity and expression (Ferguson, n.d.). It creates a
framework for promoting diversity and inclusion, including hiring, working conditions,
advertisements, training, and firing.
The following essential provisions of the Equality Act of 2010 are included:
 The prohibition of discrimination in all forms (UK Parliament, 2010).
 The obligation to provide reasonable accommodations for disabled workers to ensure equal
accessibility to job opportunities (UK Parliament, 2010).
 Protecting against linked and perceptive prejudice deals with prejudice resulting from a
person's relationship with someone with a protected characteristic or the belief that they
possess a protected trait.

The 1974 Health and Safety at Work Act

The Health and Safety at Work Act of 1974 is an essential piece of legislation in the United
Kingdom that aims to safeguard the safety, health, and welfare of employees and anybody else
affected by their jobs (TUC, 2022).
The key provisions of the Health and Safety at Work Act 1974 include:
 Companies are responsible for taking care of workers' safety, well-being, and welfare (Health
and Safety Executive, n.d.).
 The responsibility to perform risk evaluations and carry out suitable prevention and control
measures (British Safety Council, 2018).
 The responsibility is to give workers adequate safety and health knowledge, directions,
training, and guidance (British Safety Council, 2018).
 The responsibility to offer an appropriate working atmosphere and required protective gear
(British Safety Council, 2018).
 The obligation to discuss and engage workers in issues related to safety and health through
security representatives and employee engagement procedures (British Safety Council,
2018).
These employment-related statutes create crucial worker rights and security features, providing
justice, protection, and an encouraging place of work. Adherence to these regulations avoids
legal concerns and consequences and helps Eco-tech Solution Ltd personnel's general well-being,
contentment, and productiveness of Eco-tech Solution Ltd personnel.
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