Task:
You are required to produce a costed business plan for a new business launch. The plan can, within reason, be based upon any area of business activity. The business plan must contain the following key elements:
1. A summary of the business idea, an analysis of the risks that the business will face and the source(s) of initial funding for the business.
2. An outline and discussion of the key fixed and variable costs.
3. A budgeted profit forecast for the first year of operation.
4. A budgeted cash flow for the first year of operation.
5. Calculation of the breakeven point and margin of safety.
6. Key performance indicators (KPIs) to monitor progress towards business goals.
7. Recommendations based on the results of your analysis above.
2. An outline and discussion of the key fixed and variable costs.
3. A budgeted profit forecast for the first year of operation.
4. A budgeted cash flow for the first year of operation.
5. Calculation of the breakeven point and margin of safety.
6. Key performance indicators (KPIs) to monitor progress towards business goals.
7. Recommendations based on the results of your analysis above.
It is important that you do some research before identifying and quantifying sales and cost volumes; this could be based upon internet based research or your own knowledge of a particular business sector. It is likely that you might have to make some assumptions with regard to some of the revenue and cost items and these should be clearly explained in your plan.
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