Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Medical Equipment (Surgical Face Mask, Disposable Face Mask, KN95 Protective Mask, Hand sanitizer, Medical gloves, Disinfectant) - Supplies Business Plan Question You are required to

Medical Equipment (Surgical Face Mask, Disposable Face Mask, KN95 Protective Mask, Hand sanitizer, Medical gloves, Disinfectant) - Supplies Business Plan

Question You are required to write a Business Plan Report and you are advised to follow the below given outline.

Product/service idea Business Plan Report (40%)

To make the best impression, a business plan should follow a convention structure, such as the outline shown below.

Cover page

Table of contents

1. Executive Summary (10 marks)

A succinct highlight of the overall plan- include ownership structure, business address, product/service, the management team and strategy and strengths.

2. Industry Analysis (10 marks)

An overview of the industry, including consideration of the competition, industry trends, and regulatory bodies.

3. Definition of the Business (5 marks)

Explanation of the business concept, the current offering and the projected growth.

4. Purpose of the Business Plan (5 marks)

Dominant reason for the preparation of the business plan.

5. Business Feasibility (5 marks)

Analysis of the demand (include highlights of the findings of the market feasibility study), risk (include business and market risks), environmental impact.

6. Justification of the Business (5 marks)

Economic, social and personal benefits.

7. Organisation and Management (10 marks)

Vision and mission statement, corporate goals, managerial competence, organisation structure and organisation chart.

8. Operational Considerations (15 marks)

Location, technical requirements (explain key business processes), equipment required (state whether it is a manufacturing or retail business), suppliers of raw materials, utilities, opening hours etc.

9. Marketing Arrangements (10 marks)

Target market, definition of the product or service, pricing, distribution and promotion.

10. Financial Consideration (15 marks)

Source of financing, capital cost, pre-operating expenses, working capital requirements, cash budget over three years (estimation of the cash inflows and outflows).

11. Appendices (5 marks)

Tools used in feasibility study, profile of management team, prospective suppliers and clients, samples of product design, labels, promotional campaigns, floor plan and legal documents (where possible)

12. Reference (5 marks)

Bibliography, credits., acknowledgements.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions