DEVELOP AND IMPLEMENT A BUSINESS PLAN
[Analyze a business plan]
RAJU NIROULA
UIC00664
Assessment 1
Table of Contents
Table of Contents 2
Business plan 1: 3
Quality Training 3
Critical Analysis of the strengths and weaknesses of the business plan 3
Strengths of Quality Training: 3 threats: 3
Analysis of the strengths and weaknesses: 3
Personal contacts: 4
Business plan 2: 5
Workout gym business Plan 5
Sport therapy business plan 5
Workout gym business Plan: 5
Weakness: 6
BSBMGT617A-DEVELOP AND IMPLEMENT A BUSINESS PLAN
Assessment Task-1 Analyse a Business Plan
Business plan 1:
Quality Training
Quality Training has been operating as a Registered Training Organization for 12 months.
The objectives of Quality Training are to generate a profit, grow at a challenging and manageable rate and to be a good corporate citizen.
The mission of Quality Training is to exceed our customers’ expectations by providing them with effective training and development services, relevant to their needs and in line with national quality standards.
Critical Analysis of the strengths and weaknesses of the business plan
Quality Training has been operating as a Registered Training Organization for 12 months. Below is the critical analysis of the business plan of the organization including its business weaknesses and strengths?
Strengths of Quality Training:
A new organization with no history
Flexible and adaptable to clients needs
Low start-up costs
Personalized service, people conduct training who own the company
Able to visit trainees and clients more regularly
Knowledge of the local political situation and potential areas of growth
Attractive business incentives threats: New organization, so unknown in the market place
No references from former clients
Limited sources
Owner – operated
Limited operation
Lack of funding for large marketing campaign
Targeting local