BSBMGT617 Develop and Implement a Business Plan

Published : 14-Sep,2021 | Views : 10

Question:

Analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans
write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and licence requirements, marketing activity, financial indicators, productivity and performance targets for key result areas
implement a business plan including ensuring skilled labour is available, and that training is provided where appropriate
monitor and respond to business performance including evaluation of performance against key results indicators including profit and loss, community awareness or branding, environmental impact, governance, quality, sales, triple bottom line and the workforce
consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers
Provide an analysis of the strengths and weaknesses of a business plan.

Answer:

Assets	FY-1	FY-2	FY-3	FY-4	FY-5
Cash	$11,550	$45,000	$49,870	$50,398	$56,904
Accounts receivable	$3,60,000	$3,96,000	$4,35,600	$4,79,160	$5,27,076
Total current assets	$3,71,550	$4,41,000	$4,85,470	$5,29,558	$5,83,980
Vehichels	$45,000	$24,000	$21,000	$18,000	$15,000
Furniture	$30,000	$28,800	$23,040	$18,432	$14,746
Equipment	$22,500	$14,400	$11,520	$9,216	$7,373
(Less accumulated depreciation)	$16,500	$13,800	$11,640	$9,912	$8,530
Total fixed assets	$81,000	$53,400	$43,920	$35,736	$28,589
Total Assets	$4,52,550	$4,94,400	$5,29,390	$5,65,294	$6,12,569
Accounts payable	$35,000	$25,000	$27,000	$25,000	$27,000
Accrued Rent	$12,500	$12,500	$12,500	$12,500	$12,500
Bank Charges Payable	$3,000	$3,000	$3,000	$3,000	$3,000
Short-term loans	$10,000	$10,000	$10,000	$10,000	$10,000
Income taxes payable	$21,668	$27,248	$29,241	$31,904	$35,808
Accrued salaries and wages	$8,500	$10,500	$13,000	$16,000	$18,000
General Expenses	$2,100	$2,250	$2,450	$2,600	$2,850
Lease Payment	$12,000	$14,500	$16,500	$18,500	$20,500
Current portion of long-term debt	$50,000	$45,000	$40,000	$35,000	$30,000
Total current liabilities	$1,54,768	$1,49,998	$1,53,691	$1,54,504	$1,59,658
Long-term debt	$50,000	$45,000	$40,000	$35,000	$30,000
Total long-term liabilities	$50,000	$40,000	$35,000	$30,000	$25,000
Owner's investment	$1,25,000	$1,50,000	$1,75,000	$2,00,000	$2,25,000
Net Profits	$50,558	$63,578	$68,229	$74,443	$83,551
Reserve and Surplus	$72,225	$90,825	$97,470	$1,06,347	$1,19,359
Total owner's equity	$2,47,783	$3,04,403	$3,40,699	$3,80,790	$4,27,911
Total Liabilities and Owner's Equity	$4,52,550	$4,94,400	$5,29,390	$5,65,294	$6,12,568
Common Financial Ratios	Year 1	Year 2	Year 3	Year 4	Year 5
Debt Ratio (Total Liabilities / Total Assets)	0.45	0.38	0.36	0.33	0.30
Current Ratio (Current Assets / Current Liabilities)	2.40	2.94	3.16	3.43	3.66
Working Capital (Current Assets - Current Liabilities)	2,16,783	2,91,003	3,31,779	3,75,054	4,24,322
Assets-to-Equity Ratio (Total Assets / Owner's Equity)	1.83	1.62	1.55	1.48	1.43
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)	0.83	0.62	0.55	0.48	0.43