Question: BSBOPS601 Develop and implement business plans 1. Financial, human and physical resource requirements Start-up Requirements summary Start-up Requirements Summary Start-up expenses Legal $2500 Stationery $1500

BSBOPS601 Develop and implement business plans

1. Financial, human and physical resource requirements

Start-up Requirements summary

Start-up Requirements Summary

Start-up expenses

Legal $2500
Stationery $1500
Insurance $2000
Rent deposits $25000
Website development $10000
Recruitment $10000
Software and hardware $25000
Marketing and advertisements $20000
Total Start-up expenses $96000
Start-up assets Cash required $100000
Other current assets $25000
Long-term assets $150000
Total assets $275,000
Total requirements $371,00

Expected costs, profits and sales As the organisational pricing strategy, Online Media Solutions will charge for its services on an hourly basis. Expected costs to develop products and services

Following are the expected costs associated with the production and delivery of its products and services:

Expected costs for its products and services:

o Labour cost: $35/hour o Indirect costs: $40/hour

Expected time to develop its products: 10-15 hours.

Expected sales and profits: We are projecting sales of $800,000 by the end of the current year and $1.2 million in next year. We expect to attain a net profit of 18% in the current and 30% in the next year. The majority of the expenses will be salaries, contractor payments, operating and office expenses. Expense Summary:

Salaries will be 33% of the total expenses.

Contractor payments will be 20% of the total expenses.

Financial Highlights by Year

Question: BSBOPS601 Develop and implement business plans 1. Financial, human and physical resource requirements Start-up Requirements summary Start-up Requirements Summary Start-up expenses Legal $2500 Stationery $1500

Step by Step Solution

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