BSBMGT607 Develop and implement a business plan

Part 1.

For this task, you are develop a detailed your own business plan. You plan must:

Provide for finance, marketing and provision of the product/ service od facilitate the business goals and objective

Identify and plan for OHS and Duty of care responsibility

Include risk management strategies

This require you to:

Identify the purpose of your business plan

Identify and review the essential components of your business plan

Identify and document your business goals and objectivetomeasure thebusiness performances

Develop the plan, ensuring you:

Research resources, legal and compliance requirements, specifically in relation to occupational health and safety (OHS), in accordance with business goals and objectives

Research market needs, and market size and potential

Identify sources and costs of finance, from the financial plan, to provide required liquidity and profitability for the business

Identify methods, from the marketing strategies, to promote the market exposure of the business

Identify methods/means of production/operation from the production/operations plan to conform with business goals and objective

Identify staffing requirements to effectively produce/deliver products/services

Identify specialist services and sources of advice, where required, and cost in accordance with resources available

Develop strategies for minising risk, ensuring you :

Identify specific interests and objectives of relevant people and seek and confirm their support of the planned business direction

Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements

Develop contingency plan to address possible areas of non-conformance with the plan