Assessment: Management and Performance Monitoring Plan

Assessment Activity BSBMGT617A Develop and implement a affair stick out Assessment 120 Student ID Type Assignment term/Due 4 weeks Name Question Question 1 You and your stock social occasionner have decided to open a small line of descent marketing consultancy in Sydneys bustling Chinatown district, close to The Sydney Business and Travel Academy. attach 60 You have borrowed $75,000 from the bank to get started, and have each contributed $20,000 in cash, for a total amount of $115,000.Initially, the two of you will be the that full-time employees, but you picture to employ more staff as the business grows. For this assessment you will need to develop two profesionally presented and lucubrate plans the business plan, and the performance monitoring plan. The business plan should be detailed, practical(a) and have the following sections as a minimum Table of content Company vision, mission, values and objectives Stakeholder consultation Market requirements and customer profile determine strategy Resource requirements (financial, gentle 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 exposit of the key performance indicators you will use, financial management strategies (including target ratios), human resource 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 internet is not your only tool. Seek advice and assistance from your trainer, politics bodies, associations and business owners where appropriate. All information sources must be acknowledged and referenced. Thursday, 6 October 2011 1/1