BSB60407- ADVANCED DIPLOMA OF MANAGEMENT
BSBMGT617A- DEVELOP AND IMPLEMENT A BUSINESS PLAN
ASSESSMENT TASK 1- ANALYSE A BUSINESS PLAN
STUDENT NAME: MA. REBECCA M. BEREDO
STUDENT ID: UIC0159
Compare and Contrast the business plan of the quality training business plan and gallery/coffee.
BUSINESS PLAN 1 Areas | The quality training business plan | Objective | The company objectives of quality training are: a) To provide complete financial projection of plan year b) To present a written document for the management of the development business and training c) The participants of this business plan includes the company owners and the representatives from the State Training Authority | …show more content…
While, TAFE provide the same qualification and highly standard training provider, it does not offer flexible work-based training delivery, which will be the centre of Quality Training. | Risk and opportunities | Risks (new business) * No references from previous customers * Not well-known in the marketOpportunities (new business) * Provide an option to clients unhappy with their present provider * No historyRisks (small business) * Limited staff and equipment * Operated by the owner * Lack of fund for big marketing campaign * Can only operate in New South WalesOpportunities (small business) * Low-start-up costs | Strategies to overcome threats/risks | Some strategies have been identified to overcome the risks and threats by making strong marketing materials, including a website so that we can hit the ground running. Second look for opportunities to convey non-accredited training prior to RTO. Third the time frame expenses. Last look for opportunities to develop mutually- beneficial partnership with RTO or other businesses. | Market analysis | Quality Training has potential clients from a number of industries. The larger retailer have internal training departments, our focus will be on the independents like IGA supermarket. However, there are number of competitors in the local area, it seem to be specialised and sized making huge opportunity to Quality Training to create wide market segment. |