Reference no: EM133071801

BSBESB401 Research and develop business plan

Assessment Task 1:

Question 1 Identify and list below five (5) purposes/ reasons for having a business plan and at least two (2) associated benefits of each

Question 2 Review the following scenario information and then answer the question following-

BUSINESS SCENARIO

Kelly Smith and Adam Roberts have decided to start their own business.
They are interested in opening a Gelato Bar. Adam has learned how to make gelato while working in Italy and has developed a new flavour they want to market as their ‘signature flavour'.
Adam has a friend who works at the bank - he thinks they could be a good network for applying for a business loan. Before they can apply for a loan, they need to first develop a business plan. The business plan is a key document when presenting the overall idea to financial institutions or potential investors.

a) What is the main purpose that Kelly and Robert have identified for the busines plan?

b) List at least three (3) ways you could assist Kelly and Adam prepare their Business Plan.

Question 3: According to the advice from business.gov.au, what seven (7) things should you do before writing the Business Plan?

Question 4:

a) What are the three (3) main factors which will determine the structure and contents of all business plans, regardless of the size of the business/venture?

b) What are the eight (8) essential sections/ components which would be expected to define the structure or headings of a professionally prepared business plan for a significant venture/business?

c) Outline the five (5) essential elements/components which must be addressed within the busines plan?

Question 5:

a) What are the four (4) examples of significant risks given by business.gov.au which must be managed by every business? Include the legislative reference provided for each category of risk.

b) According to business.gov.au, what are the three (3) types of risks that your business may face which should be understood so you can recognise and plan ahead for them? Include the example of each given.

c) In relation to "opportunity-based risks, what are the two (2) risks that come from committing business resources to one opportunity?

d) What are the five (5) examples of "uncertainty-based risks given by business.gov.au?

g) What are the five (5) examples of strategies for reducing the impact "uncertain events" given by business.gov.au?

f) What are the seven (7) examples of "hazard-based risks given by business.gov.au?

Question 6:

a) According to business.gov.au, what are the three (3) risk management principles that outline how you can manage risk in your business planning process?

b) According to Business Victoria, what are the five (5) steps to follow to create a Risk Management Plan that's tailored to your business, relevant to business planning

Question 7: Which Australian federal legislation establishes Australia's workplace relations framework and laws, and what are its six (6) key elements?

Question 8: What three (3) government bodies jointly administer environmental protection in Australia

Question 9: What is the Australian federal government legislation that governs the assessment and approval process of national environmental and cultural concerns that may need consideration when devbeloping a small business plan?

Question 10: What is the Victorian state government legislation that applies to environmental protection that may also need consideration when devbeloping a small business plan for a business operating in Victoria?

Question 11: What is the Tasmanian state government legislation that applies to environmental protection that may also need consideration when devbeloping a small business plan for a business operating in Victoria?

Question 12: Provide an outline of the combined environnmental legislation, as summarised by Geoscience Australia, that applies to all Austrlian staes and territories.

Question 13: What five (5) Acts operate at a federal level for which the Australian Human Rights Commission has statutory responsibilities under them?

Question 14: What are the eight (8) laws which operate at a state and territory level, with state and territory equal opportunity and anti-discrimination agencies having statutory responsibilities under them?

Question 15: When developing a Business Plan, list ten (10) attributes under the equal opportunity and anti-discrimination legislation it is unlawful to disadvantage employees and job seekers-

Question 16: Provide an outline of the combined equal opportunity and anti-discrimination legislation, as summarised by the Australian Human Rights Commission, that applies to all Austrlian states and territories.

Question 17: What are the workplace health and safety responsibilities and obligations of a person conducting a business undertaking for identifying hazards in a business?

Question 18: What are the four (4) workplace health and safety procedures that make up an appropriate risk management approach for the identification and management of hazards in a business?

Question 19: As a key requirement of managing risks in the workplace, what two (2) parties should be consulted and involved in the hazard identification, risk assessment and risk control processes? List two parties?

Question 20: Workplace hazard identification, assessment and control is an on-going process. On what six (6) main occasions/ circumstances should it be undertaken?

Question 21: What is the name and the web address of the "one-stop tool" provided by business.gov. which is available to help small businesses find all the local, state and federal licences, registrations and permits needed to plan for, start, and operate a business in any municipality, state or territory?

Question 22: What is the main purpose and key elements of each of the following different types of planning processes?

a) Feasibility Study
b) Strategic Planning
c) Operational Planning
d) Financial Planning
e) Marketing Plan

Question 23: Outline how a small business should set business goals and objectives?

Question 24: Outline the difference between primary market research and secondary market research?

Question 25:

a) List any three (3) examples of primary market research suggested by business.gov.au.

b) What are the two (2) sources of information suggested by business.gov.au to conduct secondary market research? business.gov.au.

c) The Australian Bureau of Statistics (ABS) Small Business Portal can help you to find the information you need to research your market, understand your customers and plan a business case. What are the three (3) main resources it provides?

Question 26: What workplace procedures should be developed to assist a business or other organisation manage both internal and external business risks, including assessing and prioritising those risks? Also, list what should be included in the procedures.

Question 27:

a) What workplace procedures should be developed to assist a business or other organisation establish the resource requirements which will align with the business/organisational goals and objectives? Also, list what should be included in the procedures.

b) What workplace procedures should be developed to assist a business or other organisation calculate the staffing that will required to produce/deliver the products and /or services to align with the business/organisational goals and objectives?

Question 28: What workplace procedures should be developed to assist a business or other organisation develop contingency plans for unexpected events and situations? Also, list what should be included in the procedures.

Question 29: What workplace procedures should be developed to assist a business or other organisation develop risk management strategies to mitigate business risks? Include an outline of what the procedures should do.

Attachment:- Research and develop business plan.rar