Assignment 5, LA023422, 6492BS, Edition number 5 1
© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, April 2018
6492BS Business Studies Preliminary
Assignment 5
Business Plan
What you have to do
Topics covered; Nature of business, Business management and
Business planning
This assignment requires preparing a Business plan, in the form of Business report. This
assignment is compulsory, and is worth 40% of your overall Preliminary mark. Ensure that you
are familiar with chapters 1, 2, and 3 of the prescribed text.
Outcomes
By the time that you have completed this Assignment, you should be able to:
• discuss the nature of business, its role in society and types of business structure
• describe the factors contributing to the success or failure of small to medium
enterprises
• assess the processes and interdependence of key business functions
• analyse the responsibilities of business to internal and external stakeholders
• plan and conduct investigations into contemporary business issues
• evaluate information for actual and hypothetical business situations
• communicate business information and issues in an appropriate report format.2 Assignment 5, LA023422, 6492BS, Edition number 5
© New South Wales Technical and Further Education Commission, 2018 (TAFE NSW), Archive version 1, April 2018
BUSINESS PLAN
Assignment total (100 Marks)
Using the scenario below, you are required to write a business plan for your own small
enterprise in the form of a Business Report.
Scenario:
A site in the local shopping centre has become vacant. The centre management has announced a unique opportunity for prospective storeowners – a
chance to secure the store by submitting a business plan.
As a young entrepreneur, you have decided that now is the perfect time for you to put
into practice all of the knowledge and skills developed in your study of business and
write a business plan.
You will need to provide relevant detail under the following Sub headings in your
Business Plan:
• Title Page
• Business Description and Ownership (Business name , Legal structure, Vision,)
• Purpose of the plan and Situational analysis (including SWOT analysis)
• Objectives (Business goals)
Business sections
• Operations (How the business will be run)
• Market analysis and Marketing strategies
o Target market
o Competition (How will you maintain a sustainable competitive advantage?)
o Marketing Strategies
• Financial requirements
o Establishment Costs (costs to start the business)
o Outline of ongoing costs and expected income
o Details of a probable cash flow (Cash flow report)
o Basis of product costs and mark ups (how much you will charge for products
and why)
• Employment relations requirements (Human Resource)
o Staffing Needs (how many staff you will need as well as what their job
descriptions are)
o Training of staff
o Skills / knowledge of management
• Conclusion/Summary: Benefits of your store to the shopping centre.
• Bibliography/References
Your business can be in any field. This assignment must be in REPORT format. This means
the use of Sub headings, text, tables, and diagrams where appropriate. The word limit is 1500-
2000 words +/- 10%.
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