Modify the business plan as a group and come up with a better plan from the group$$s feedback.

Guideline to learner: You are required to write the names of your group members in a stakeholder$$s name column and write the roles of each group member in Job title column.

Stakeholder$$s name Job title

Business Summary

Company name: $[$identify the business name$]$

What the business mainly does: $[$explain the business$]$

Vision $[$Consider what you want your business to accomplish in the long term. What are your ultimate goals? Be passionate, powerful and inspiring$]$

Mission $[$Consider the purpose of your business and define what it does for your customers. What do you do$,$ how do you do it and why do you do it$?]$

Values $[$Identify business values$]$

Target Market: $[$identify potential target market$]$

Unique sell point $[$what the unique sell point$]$

Business goal: $[$what the business is expecting to achieve$]$

Financial target $[$what is your business target?$]$

Regulatory Requirements $[$identify Regulatory Requirements based on the business environment$]$

Operations $[$What the business is selling$]$

Guideline to learners: You must research information about pricing structure in the market. For example, the pricing structure of the same type of product that your competitors are selling. Make sure that you do not set the price too high or too low.

Product$/$service Description Approximate price Cost

$1.[$e$.$g$.$ Burger, fries, chicken nuggets, wraps etc.$][$describe the feature of products$][$how much the business is expecting to sell products$]$

$[$estimate ingredients cost$]$

$2.$

$3.$

Marketing Strategy$/$ Sales and distribution channels $[$The marketing strategy$/$channels we$$ll use to distribute our product or service to customers$]$

Channel $[$select a channel$]$ Used for $[$Example: Selling our coffee beans internationally online.$]$

$1.$

$2.$

Financial indicators $[$identify essential indicators that the business should implement$]$

$1.$

$2.$

$3.$

$4.$

Key People $[$List your existing staff and any staff required for your business$]$

Role $[$Examples: owner, manager, casual employee$]$ Position Role and responsibilities

$1.$

$2.$

$3.$

Physical resources $[$identify physical resources which need for operation$]$

$1.$

$2.$

$3.$

The Competition $[$The top $3$ businesses we$$re competing against, what they do well and not so well. What we$$ll do differently to succeed in the market$]$

Competitor name Strengths weaknesses What to do differently

$1.[$fast food industry$$s competitors$][$Example: Low product prices.$][$Example: Low quality product, unsustainable production.$][$Example: We only sell high quality, sustainably produced beans.$]$

$2.$

$3.$

SWOT Analysis

Strengths Weaknesses

$[$What$$s good about our business$]$

$[$What$$s not so good about our business$]$

Opportunities Threats

$[$External factors we could take advantage of$.]$

$[$External factors that could cause problems for us$.]$

How we$$ll address each weakness and threat

$[$Example: We$$ll investigate alternative lower cost premises with good visibility.$]$

Risk Management $[$Risks that could impact our business and what we$$ll do to protect it$.]$

Risk$/$impact description

$[$Example: Computer theft results in loss of financial records.$]$ Likelihood

$[$Highly likely$/$likely$/$unlikely$/$highly unlikely$]$ What we$$ll do to reduce this risk

$[$Example: Strengthen online sales$/$e$-$commerce.$]$

Productivity and performance targets $[$productivity and performance target of Burger Queen$]$