BSBMGT617A -Develop and implement a business plan

BSBMGT617A – Develop and implement a business plan

Assessment task 1 Analysis a business plan Business plan 1: 1. Read the business plan Opportunity-Provide an alternative to client unhappy with their current provider-Clean record-Flexible and adaptable to clients needs-Low start-up costs-Personalised service – training is conducted by the people who own the company and who meet with the clients. This is a level of commitment other training organisations may not have. Target local area-Able to visit trainees and clients more regularly-Reduce costs to the business-Knowledge of the local area and ability to market our business as ‘local’ Competitive market place-As above Funding-Market training as a business benefit not an opportunity to attract incentives-Offer a range of training service outside of traineeships Threat-Unknown in the market place-No references from former clients-Private RTO’s will provide the greatest threat to Quality training. They are often national providers and such as, can provide services to business with franchise or branches in other states.-Several competitor in the market Competitive market place-Many RTO’s and training organization competing for business. Funding- Reliance on government funding (which is attractive to clients). Compare and contrast with textbook structure and layout In the comparison of the textbook layout the layout of the Quality Training is acceptable. The layout of this business plan is according to the business plan criteria and it provides clear information as a business plan. The lay out is easy to read and understand. It gives us a clear picture of the Quality Training and its goal, mission and objectives. Quality and relevance of information DEVELOP AND IMPLEMENT A BUSINESS PLANPage 1
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Background information good In this business plan there is good information about the background of the Quality Training. Such as the owner, location, facilities and structure of the company. Quality training is a pty ltd Company with the two directors who manage and own the company. Michal Chapman and Elliot Berkley own quality Training jointly. Computer facilities- stand-alone desktop computer installed. Telephone- one line currently serves the location, Mobile phones for each Directors, Data projectors, Laptop with internet access, Broadband installed for internet and email functions, Utilities provided for are to be charged to the business as a percentage of home uses. Market analysis good In this section, we can get good and proper information about the market analysis summary of the Quality Training. In market summary, it tells us about the potential customers of the company and what sort of training the company provides. It also provides a information on business/ industries as our key focus in term of marketing: -A logical segmentation breaks the market down into the following- Industrial- Manufacturing- Retail,- Service providers Trend This section is also providing the information about the market trend. According to the information schools are emphasising the importance of gaining recognized qualificatio…………………………

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