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May 15, 2024
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P a g e | 1
Financial Plan
Business Description
Describe the business, how it will operate and how it will make money.
•
Sale of coffee and associated drinks and snacks to office workers.
•
Trading hours: 7.00am to 6.00pm Mon to Fri.
Business Operator
Who will operate the business and under what structure (e.g. company, individual sole trader).
• GrabACoffee
Sole trader - Meg Latazzo.
Executive Summary
A summary of key aspects of your financial plan.
•
The office building has about 10 floors and probably 500 workers
•
It is expected to attract each day, at least:
o
40 customers for pre-work
o
70 for morning coffee
o
70 for lunch time and o
20 for mid-afternoon
o
60% of customers prefer a regular size coffee and o
40% prefer large size coffee
•
30% of customers will likely order a retail product in addition to their coffee
•
In the first year, the profit target is to reach $3,000 per month within 12 months
© Copyright. Monarch Institute 2023. All rights reserved.
BSBESB403 Resource – Financial Plan
P a g e | 2
Financial Plan
Business Objectives and Strategies
How will you achieve your overall business goals and objectives. e.g. What are your special strategies to make the business succeed.
•
Signs around the building foyer and posters on each floor
•
Loyalty vouchers to generate repeat business
•
Excellent quality coffee at an affordable price
•
Markup on costs for coffee will initially be 15%
•
Markup on costs for the retail pre-packaged products will be 10%
List your Assumptions (seasonal, economy, industry)
List the assumptions that form the basis for establishing your financial plan. For example, if there are seasonal factors that typically influence sales and/or cash flow, list these here.
November: peak time high sales month of the year as workers try to finish work before holiday. December: lowest sales of the year as workers mainly are on holiday. Offices are closed…
Product/service Pricing, Sales Targets and Expected Profit
Complete the table with your estimates.
Product or Service
Price
Annual Sales Quantity
Annual Sales Revenue
Annual Total Costs
Annual Profit
What is your product or service?
What is the price of your product or service?
What is total number of sales per year of your product or service?
What is the annual sales revenue} (Price
x annual sales quantity.
What is the total cost per year of operating your business?
What is the annual projected net profit?}
Regular size coffee
3.07
29,200
89,611
leave blank
leave blank
Large size coffee
3.61
19,200
69,262
leave blank
leave blank
600mlBottled Water
2.32
3,600
8,352
leave blank
leave blank
© Copyright. Monarch Institute 2023. All rights reserved.
BSBESB403 Resource – Financial Plan
P a g e | 3
Financial Plan
200gmBanana
Cake
6.17
3,600
22,212
leave blank
leave blank
200gm Carrot Cake
6.17
3,600
22,212
leave blank
leave blank
200gmChocChip
Cookie
6.17
3,600
22,212
leave blank
leave blank
TOTAL
0
0
0
Projected Profit and Loss (Revenue - Expenses)
Refer to your ‘Projected Sales & Profit’ tab on the ‘Product Pricing Worksheet’.
Summarise the significant aspects especially the projected Net Profit and comment on the monthly trend and any seasonal changes.
Projected Net Profit monthly $1,584.34 from Jan to Oct
Significant high Net Profit on Nov $4,038.96 due to peak time high demand on office work of the
year.
Significant low Net Profit on Dec -$233.16 due to offices are closed due to holiday.
Projected Cash Flow and Working Capital Requirements
Refer to your ‘Projected Cash Flow’ tab on the ‘Product Pricing Worksheet’.
Summarise the significant aspects and comment on the monthly trend.
Net cash flow monthly trend : $1,584
Significant aspects of first month of beginning business is -$21,432 due to start up cost .
© Copyright. Monarch Institute 2023. All rights reserved.
BSBESB403 Resource – Financial Plan
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Related Questions
QUESTION 3
Which of the following skill is most important at top levels of management when dealing
with strategic planning?
A. Technical
B. Human
C. Conceptual
D. Empirical
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Multiple choice:
1. You own a business. Your business is engaged in buying goods at a wholesale price and reselling them at retail prices on Facebook. Your business is a
A. service business
B. manufacturing business
C. merchandising business.
D. monkey business
2. Decreases the proprietorship
A. Additional investment
B. Service income
C. Rent expense
D. Initial investment
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Question A16
(a) Identify and explain three potential barriers to marketing planning.
(b)
Evaluate the benefits of marketing planning to business success.
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critique digicel mission statement "to deliver the best service and value to our customers"
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Question 7 Which of the following statements is true of an effective business mission statement? O 1. It is stated after the details of a marketing plan are developed. O 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek 3. It is based on an analysis of anticipated environmental conditions. O 4. It is kept confidential from customers and stakeholders.
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Indicate the section of the business plan.
NO
DESCRIPTION
SECTION
1
Marketing strategies of the competitors
Number of employees needed for the business
3
Summary of the entire business plan
4
Financial needs
Estimated salary for office employees
Estimated promotional expenditure
Minimum qualifications for each type of employee
5
7
8.
Forecasted electricity charge for the factory
9.
Nature of the business
10
Inward and Outward financial flow of the business
11
Annual requirement of raw materials
12
Location of the business
13
Cost of a unit of production
14
Target sales area
15
Sales forecast
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Please answer all 3 subparts.
2020 Question 1
(i) The size of the board depends on:
i. The size of the companyii. The industry or business sector in which it operates iii. Extent to which activities of companies are subject to regulationiv. The number of board committees
A. i onlyB. i and ii onlyC. i, ii and iii onlyD. All of the above
(ii) Which of the following statement is correct concerning two-tier boards?A. The management board consists entirely of non-executive directors.B. The supervisory board has the responsibility for risk management and for the preparation of the annual financial statement.C. The management board is led by the Chairman who is the CEO of the company.D. The supervisory board is responsible for managing the company.
(iii) Managerial hegemony is best explained in terms of A. The provision of incentives to managers to encourage them to act in unison with the shareholder's interests.B. CEO's dominance in the director selection process and therefore control the…
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1.
Descriptive analysis: What are the profitability benefits for Apple to engage in the following Short Term Business Decisions:
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b. Keep or Replace
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What must plans include if they are to be expressed in measurable terms?
Question 15 options:
terms such as good, medium, and bad
specific expressions of corporate financial objectives
a reference to the firm’s well-being
quantities and dollar amounts
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1) Explain and define the content of a
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Business Plan for 39 Storage
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Cover these points below
Executive Summary, Company Description, Product/Services, Distributio, Promotion, Pricing
Cite Sources
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Once you identify the type of Start-Up, business which you are going to make operational in near future.
• Determine what type of internal and external information is required by your chosen business for planning, decision-making and control purposes.
• Use PESTLE and Porter Five Forces framework to analyse the key factors (at least 3) that influence your organisation and how those will support business decisions.
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What is a good job title
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QUESTION 11
In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is _______.
a.
strategic
b.
deterministic
c.
operational
d.
probabilistic
arrow_forward
Q 4. Discuss the issues that the management needs to solve to take advantage of the
opportunities created by e-commerce and e-business.
Q 5. In depth, Discuss categories of e-business applications.
Q 6. Explain the e-commerce environment.
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Question 7
Which of the following statements is true of an effective business mission statement?
1. It is stated after the details of a marketing plan are developed.
○ 2. It should define a business in terms of goods and services rather than in terms of the benefits customers seek
3. It is based on an analysis of anticipated environmental conditions.
4. It is kept confidential from customers and stakeholders.
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ii) Assuming you and your friend decided to go ahead and start this business,
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required to run this business effectively.
Please give me the correct answers from experts.
Shorts and simple . Briefly.
########################### correct answers from experts.
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inseparability.
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