Part A

Develop a Business Plan which includes a Finance Plan and a Marketing Plan.

Provide information about your products and services to facilitate all business goals and objectives.

1. Include a discussion on why planning is important and what are the benefits
2. Discuss goal setting and objectives

Refer tothe Australian GovernmentBusiness Plan template and Guide available at:

1. http://www.business.gov.au/business-topics/templates-and-downloads/business-plan-template-and-guide/Pages/default.aspx
3. Part B

Identify and plan work health and safety (WHS) responsibilities.

Put your answers into a table which identifies all work health and safety (WHS) areas together with whose responsibility it is to implement and monitor.

1. Include how you will monitor all work health and safety (WHS) issues within your business and how you will record and report on any work health and safety non-compliance issues.
2. Identify the principles of risk management relevant to your business planning
3. Discuss the responsibilities and procedures for identifying hazards

Part C

Research the Duty of care requirements within your industry and workplace.

Part D

There are Commonwealth, state and local government legislative requirements that form part of normal business operations.

Name three legislative requirements that will affect how your business operates.

Part E

Develop a Risk Management Strategy for your business using the table below as a guide.

1. Base the risk management strategy on areas covered in your Business Plan (Part A)
2. Identify the areas of risk
3. Provide a description of the risk and the potential impact to your business.
4. Determine the likelihood of this risk happening and describe it as either highly unlikely, unlikely, likely, or highly likely.
5. Describe the level of impact it may have on your business, whether it could be high, medium or low
6. Outline your strategies for minimising or mitigating each potential risk

Area	Issue	Low Risk	Medium Risk	High Risk

2. Part F
3. Develop a Contingency Plan to align with your risk management strategy using the format below as a guide.

Risk	Likelihood Highly Unlikely, Unlikely, Likely, Highly Likely	Impact Low Medium High	Strategy: What actions will you take to minimise or mitigate the potential risk to your business?
The vendor cannot supply and this is a unique product.	Unlikely	High	Ensure the business is not dependent upon one product and that a product mix is established to ensure this will not have a High impact. Research alternative products or secure similar designs to replace this product.