Reference no: EM133070385
BSBOPS601 Develop and implement business plans
ASSESSMENT TASK - Prepare Business Plan
Instruction: This task will require you to prepare a Business Plan based on information from Workplace Project Task 1 and Task 2.
Use your workplace/organisation's template to complete this task, or use the Generic Business Plan template provided at the Bounce Fitness site.
To complete this task, you must:
• Prepare a business plan based on the Business Assessment Report prepared in Workplace Project Task 1, and Meeting Minutes from consultation with stakeholders prepared in Workplace Project Task 2. The following elements must be included in the business plan:
o Brief description of the business
Brief description of the business includes business name, business structure, ABN, ACN (if applicable), date of establishment and business address.
o Key people involved in the business plan
Key people involved in the business plan can be organisation's key shareholders or leadership team of the organisation or the leaders of the teams that will be involved in the business plan implementation.
This must include name and relationship with the organisation for at least two key people.
o Products and services
This must be consistent with the review of market requirements section of the Business Assessment Report from Workplace Project Task 1.
o Market review
This must be consistent with the review of market requirements section of the Business Assessment Report from Workplace Project Task 1.
o Financial resource requirements
o Human resource requirements
o Physical resource requirements
Financial, human and physical resource requirements must be consistent with the Meeting Minutes From Consultation With Stakeholders from Workplace Project Task 2.
o Regulatory requirements
For a business plan, relevant regulatory requirements include any permits or licenses that may be required for new activity.
This must be aligned with the legislative framework section of the Business Assessment Report from Workplace Project Task 1.
o Marketing strategy
Marketing strategy refers to the blueprint for how an organisation plans to reach its target customers and sell its
products or services to them. Marketing strategy in the business plan typically includes pricing structure, marketing or distribution channels and advertising and promotion methods.
This must be aligned with the marketing approaches and competition analysis sections of the Business Assessment Report from Workplace Project Task 1.
o Financial indicators
Financial indicators are statistics used to monitor the financial health and financial performance of the business plan, such as revenue, net profits and cash flow.
o Productivity and performance targets for key result areas
This should include the following information already developed in Workplace Project Task 2.
• Key result areas (KRAs) for the business plan
• Performance measures and Key Results Indicators (KRIs) for the KRAs identified
• Targets for performance measures and KRIs
These performance measures, KRAs and KRIs constitute the Performance Measurement System (PMS) that will be tested in Workplace Project Task 5.
Business Plan Template
1. Brief description of the business
2. Key people involved in the business plan (at least two)
Key people involved in the business plan can be the organisation's key shareholders or leadership team of the organisation or the leaders of teams involved in the business plan implementation.
3. Products and services
Products relevant to the business plan (at least two)
Services relevant to the business plan (at least two)
4. Financial resource requirements
Details of financial resource requirements
5. Human resource requirements
Details of human resource requirements, including at least one skilled labour requirement
6. Physical resource requirements
Details of physical resource requirements
7. Regulatory requirements
List all permits and licences that may be required for new activities being planned, along with permit/licence type and the specific location where the permit/licence is required.
8. Marketing strategy
f. Customer needs for relevant products and services
g. Target market for relevant products and services
h. Pricing structure for relevant products and services
i. Marketing/distribution channels for relevant products and services (at least one)
j. Advertising and promotion methods for relevant products and services (at least one)
9. Financial indicators for the business plan
10. Productivity and performance targets for key result areas
11. Sources of information and documents accessed to prepare the business plan
Attachment:- CAC Assessment.rar