'Assessment: Management and Performance Monitoring Plan\r'

'Assessment practise BSBMGT617A Develop and implement a problem purpose Assessment 120 Student ID: Type: appointee Duration/Due: 4 weeks Name: marvel # Question 1 You and your occupancy partner waste decided to open a small business marketing consultancy in Sydneys bustling Chinatown district, close to The Sydney stage business and Travel Academy. Marks 60 You have borrowed $75,000 from the confide to get started, and have each contributed $20,000 in cash, for a total amount of $115,000.Initially, the two of you bequeath be the only full-time habituateees, but you programme to employ more staff as the business grows. For this sagacity you bequeath consider to develop two profesionally presented and particular plans †the business plan, and the surgical procedure monitoring plan. The business plan should be detailed, practical and have the following sections as a minimum: § Table of contents community vision, mission, values and objectives § Stakeholder con sultation § Market requirements and customer compose § Pricing strategy § Resource requirements (financial, human and physical) § legislative requirements (local, state and federal) § 30-day Start-up Action plan Your business performance monitoring plan will detail how you will monitor the performance of your startup business.It will need to include details of the key performance indicators you will use, financial management strategies (including target ratios), human resourcefulness performance monitoring, your plan for continuous improvement, and details of how the business plan will be amended and updated as required. A large part of this assignment involves research. The net profit is not your only tool. Seek advice and assistance from your trainer, presidency bodies, associations and business owners where appropriate. All information sources must be acknowledged and referenced. Thursday, 6 October 2011 1/1\r\n'