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The subject is ENTREPRENEURSHIP Prepare a business plan for a new organisation / existing organisation of your choice? Make sure that you have also reviewed the additional resource on the LMS about the parts / structure of a GOOD Business Plan. Market Feasibility 1. What is the size of the market? 2. What is the growth rate of the industry? 3. Is the market at full capacity? 4. Where are customers getting the product now? 5. Where are the customers? 6. How many would purchase from you? 7. What external factors come to bear? Government, Industry Dynamics 8. What keeps new competition from entering this market? (Barriers to Entry) Technical Feasibility Questions to Answer 1. What are the options for developing the technology (customer, off the shelf, design yourself, subcontract)? 2. What are the options for producing the product or service? • In House • Subcontract • License • Joint Venture or Partnership • Combination 3.What are the options for Sales and Distribution? • In House • Whole Sale • Distributors or Sales Representatives • License • Joint Venture or Partnership • Combination 4.What resources are required for development and are they available to you (skills, raw materials, components, suppliers, facilities & equipment)? 5. What are the laws and regulation relating to the business? • Industry Standards or Regulations • Personal Certifications • Intellectual Property (Patents, trademarks, copyrights) • Environmental Liability 6. Has the research discovered any moral or ethical issues that you are uncomfortable with? 7. What technological changes are changing or emerging that may affect the business? Financial Feasibility 1 What are the projected Revenues from the sale of your product or service? • From the Market Research, what is the projected sales volume in "units sold?" and in "dollars sold"? • From the Market Research, what is the selling price per unit? • What is the total expected revenue? 2. What are the financial dynamics and opportunities? • Costs Structure (per unit basis) - Price per unit minus - Variable Costs (Cost of Goods Sold & Controllable Costs) per Unit equal - Gross Margin per Unit minus - Fixed Costs per Unit equal - Net Margin per Unit 3. How much investment is required? • One Time Assets and Startup Expenses - Plant & Equipment - Leasehold Improvements - Initial Inventories - Research & Development - Legal - Experts • Operating expenses prior to break even 4. What are the financial risks? • Payback (Investment required divided by net margin per unit - Date when units calculated above are sold & collected.) • Risk vs. Reward (Personal feelings of the risks and rewards) • Opportunity Costs (Can you get a better return somewhere else?) • Personal Financial Risk (What will you have to give up. Sign over mortgage etc.) 5. What are the possible sources of financing? • Chances of getting the money? • What will you have to give up? 6. General Financial Numbers that would indicate attractiveness of Venture • Gross Margin 20 - 30% plus • Net Profit Margin - 10 to 15%. Plus • Return on Investment - 15% plus • Payback - 3 years or less. • Break even - 2 years or less • Note: These numbers must not be looked at in isolation over a one year period. You need to look at the numbers over a 3 year period and as a whole, not just individually. Industry averages can be quite different. Human Resource Feasibility Questions: 1. What technical and management experience is required? 2. Who are the owners and what are their roles? (Entrepreneur, Manager, Tech. Expert) 3. What is the ownership structure? 4. What are the manpower requirements? - How will you find the right employees? - How will you compensate employees (pay for time, for production, for knowledge, or a combination)? - How will you motivate employees? - What training will they need on an ongoing basis? 5.What is the company’s growth strategy? - How will quality be managed and maintained÷ - How will organizational structures change with growth? - What career paths will employees have available? Appendix A Start-up Expenditures and Expenses Worksheet Item Total Cost Cash Required Land __________ __________ Capital Equipment __________ __________ Computer __________ __________ ___________ __________ __________ ___________ __________ __________ Beginning Inventory __________ __________ Start up Supplies __________ __________ Licenses and Permits __________ __________ Leasehold Improvements __________ __________ Utility hookups & Installation __________ __________ Advertising (Preopening) __________ __________ Insurance __________ __________ Other __________ __________ _______________ __________ __________ Total Estimated One-Time Cash Requirements __________ __________ Start-up Operating Expenses Estimate No. of Months Total Cash Item Monthly Expense X Before Break even = Required Owners Salary __________ __________ __________ Employee’s salary, wages, benefits __________ __________ __________ Rent __________ __________ __________ Promotion expenses __________ __________ __________ Supplies and postage __________ __________ __________ Vehicle Expenses __________ __________ __________ Telephone __________ __________ __________ Travel __________ __________ __________ Interest __________ __________ __________ Maintenance __________ __________ __________ Other __________ __________ __________ ____________ __________ __________ __________ Total Cash Required to Cover Operating Expenses _________ Plus: Total One-Time Cash Requirements (Previous Table) __________ Add 10% Safety Factor __________ Total Cash Required for Start-up _________ i will upload more files for explain the assignmet case study : Bundaberg Ginger Beer https://www.bundaberg.com/ Watch the following video: https://www.youtube.com/watch?v=ZMKO2zHIE2o i will upload more files for explain the assignmet

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CHC40213 Education Support

Question: Description of / prompting questions for what you need to do:  In consultation with teacher or other education professional, identify teaching and learning approaches applicable to the relevant education environment What educational approach does the school or class teacher foll ...

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Q

Business Ethics

Case Study In this section you apply utilitarianism to the facts to answer the question. You do not need to define the theory at length or explain at length what the theory is.  You should identify the relevant stakeholders from the topic provided. You should use a table and use units of happin ...

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company law

Its base on two parts, In part A have to write 1500 word with proper case reference, and work should be relevant. In part B 2000 words max, Please use the Law Language and proper wording. Thanks ...

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Q

Leadership

1. Define what is a leadership and its styles. 2. Evaluate leadership style's effectiveness. 3. Conclude some strong elements of leadership style.     ...

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