6500 wala.docx - Task 1 Analyze a business plan Case study 1 Quality Training This assessment will contrast and compare the business plan for Quality

6500 wala.docx - Task 1 Analyze a business plan Case study...

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Task 1 Analyze a business plan Case study 1: Quality Training This assessment will contrast and compare the business plan for Quality Training case study and the workbook. After examining the business plan of Quality Training and research a few errors have been found and will be answered below: Structure and lay out The Quality Training business plan does not contain the description of business The Quality Training business plan does not contain the operation and management The Quality Training business plan does not have realistic financial goals or target based on analysis the organization’s current and planned financing arrangement The Quality Training business plan does not contain management arrangement and personal requirement Quality and relevance of information Mission contain a mission for Quality Training is the short-term goal is to initiate this organization rapidly and reasonably with a least of responsibility. The long-term aim is to cultivate the organization into a steady and lucrative object that the proprietors can comfortably and easily manage. It also has an advertising slogan “Quality Training – Training that makes a difference”. Risks and opportunities 1
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Opportunities Small business: Flexible and adaptable to clients’ needs Low start-up cost Personalized service – training is conducted by the people who own the company and who meet with the clients. This a level of commitment other training organizations may not have Target local area: Able to visit trainees and clients more regularly Reduces costs to the business Knowledge of local area and ability to market our business as “local” Understanding of the cultural influences Knowledge of local political situation and potential areas of growth Competitive market place: As above Funding: Market training as a business benefit not an opportunity to attract incentives. Offer a range of training services outside of traineeships. Risks Small business: Owner operated Limited resource (staff/requirements) 2
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Only operated in NSW Lack of funding for large marketing campaign Targeting local area initially – limited client base Competitive market place: Many RTO’s and training organization competing for business Funding: Reliance on government funding (which an attractive to clients) Business idea This business plan is not fully researched, such as realistic financial goals or targets based on analysis of the organization’s current and planned financing arrangement The market analysis was also poor local advertising and the goal to expand the business Quantity of information There were many areas in which the quantity of the information was inadequate to be able to gain a solid understanding of the new business prospects for success. For instance: The company staff information is need to identify who have influence or an interest in its
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  • Spring '17
  • mr davis
  • English, It, ........., Courier, Fast Track Couriers

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