Feasibility study of employment agency in Prague

Julius Fördöš

Master's thesis

Abstract:

The labour market's size is increasing. There are many employment agencies around the world and their popularity is increasing. In December 2012, the CR had 1,658 employment agencies. The average percentage share of agency employment in the EU is 1.5 %. In the CR, the share is 0.7 %. The CR has the potential to increase the number of employment agencies as the trend predicts increase. Basic knowledge of English is considered as a must in contemporary society. Many people seek ways to improve their English via language courses, study abroad, etc. in order to meet the requirements for future employer or for other various reasons. The market of language schools and agencies is increasing in size as the demand for English increases. Therefore, the feasibility study of employment agency in Prague focuses on tutoring English language and the study could provide valuable information for potential investor in such a project.Diploma thesis deals with the feasibility study of employment agency in Prague. The employment agency is SpeakNow and its mission is to help people to improve their language skills, particularly English language skills, by employing tutors and allocating them to clients in Prague. The main goal is to conduct and to evaluate feasibility of such an agency in Prague. The feasibility study includes market analysis, cash flow identification, financial and economic analysis, and risk assessment. Thorough theoretical background is provided in theoretical part. In practical part, business plan is introduced and feasibility study elaborated. The results from feasibility study show that SpeakNow is a good investment project and that it should be implemented. Financial and economic indicators are supporting this result.

Keywords

study, analysis, Prague, feasibility, market, business

Language used: English

Date on which the thesis was submitted / produced: 21. 3. 2016

Thesis defence

• Supervisor: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management