Question:

CW1 for reference

CW3 Instructions: WRITING THE BUSINESS PLAN for transformational entrepreneurship start-up Nature: Any company, whether a start-up business or an existing firm, will require a business plan in order to exploit opportunities, overcome obstacles which the future holds, and also most crucially to raise funds, so that it can navigate successfully through its own unique competitive environment. This assignment focuses on the role of the business plan in acquiring capital from financiers for its new start-up business. This Coursework 3 assignment (Business Plan) is for group-level assessment. Thus, each team of 4 or 5 students within a tutorial group should collaborate to produce the assignment for assessment (marking) by the stipulated deadline (end of Week 6). Each team's Business Plan should be targeted for implementation in 2021. IMPORTANT NOTE: The linkage to CW1 (Individual idea for transformational entrepreneurship start-up) is this: The Business Plan should be written for the CW1 transformational entrepreneurship start-up idea judged by the tutor-in-charge to be the best one in a team of 4 or 5 students. Tutors should NOT allow any student team to choose a totally different idea (for CW3) which were not among the 4 or 5 individual ideas in CW1 (already submitted and assessed) within each team of 4 or 5 members. o o o Financial Schedule of estimation of initial capital funding- required to cover the start-up capital expenditure (purchases of non-current assets), pre-operating expenses, deposits & prepayments, and working capital requirements. Table of the Assumptions on which the Pro forma Financial Statements have been prepared. (N.B. The basis for the Sales revenue projections/estimation must be clearly shown or referenced to the estimation in the Marketing Plan section). 3 Years Pro forma Income Statements (P&L): first year prepared on a monthly basis; second and third years prepared on a quarterly basis. 3 Years Pro forma Cash flow Statements (CFS): first year prepared on a monthly basis; second and third years - prepared on a quarterly basis. 3 Years Pro forma Balance Sheets (B/S): all three years prepared on annual basis. Ratio analysis and Break-even analysis. (NB: you are advised to place the detailed pro forma statements and the ratio analysis and break- even calculations in the Appendix section of the Report; in the Body of the Report you should only present the Financial Summary and Highlights and reference this to the detailed statements in the Appendices) NOTE: 1) A set of financial templates (in Excel format) will be provided to all students via Google Classroom. You can use this by making the necessary adjustments to it to suit your financial computations. However, if you wish, you may choose to do your own original financial statements. Note: If you are using the Excel financial template, this Excel file will need to be uploaded separately as a separate attachment when submitting the CW3 Business Plan report to Google Classroom for assessment (marking) just follow the instructions for submission of CW3 posted in Google Classroom. 2) Student teams should go to the Internet and use an online Loan Amortisation Calculator to generate a loan amortisation table (by keying-in the 4 variables: interest rate per annum, loan period in months, loan amount, starting date/month of loan). The loan amortisation table generated will facilitate the student team to easily input the projected figures for interest payment (Income Statement and Cash Flow Statement), repayment amount of loan 15 principal (Cash Flow Statement only), and loan principal amount outstanding (still owing to bank) at end of years 1 to 3 in the Balance Sheet. The generation and use of this loan amortisation table will negate the use of manual calculations and thus greatly reduce or eliminate errors of computation. The loan amortisation table generated and used should be attached as an appendix to the CW3 Business Plan report. Section 1 : Social Problem / Issues Idetification Due to the Covid-19 pandemic, many people are losing their job due to the economy fall. Regardless of those people who are getting paid by higher salary or moderate, they still have to face the chances of getting fired by the company as the company was about to cut cost for preventing further losses. At the same time, which leads our society will have to face the social issue of our people who are not getting employed, which is unemployment for our people. For instances, news reported that one of the employees who worked in Komugi Bakery, One Utama had tested positive by covid-19 (Amelia Thai 2020). Due to that, the employee was discharged instantly, and that bakery will be forced to closed down for few weeks in order to do sterilization work. During the closed down period, the other employees who worked at the shopping will not getting paid due to the mall is closed down. Therefore, those employees will have to face the chance of getting fired by the company. Unemployment is actually one of the serious social issues in our country, Malaysia. According to Malay Mail reported, Socso CEO warns of over 100,000 job cuts by end of 2020 if Covid-19 persists (Ashman Adam 2020). During an interview with Free Malaysia Today, CEO of Sasso predicted that there will be 10,000 people losing their jobs every month in 2020. The company had received over 89,596 reports of unemployment cases as of 22 October 2020. On the other hand, there will be an increase of the rate of unemployment of 278 percent compared to 2019. Those people who suffered from unemployment due to covid-19 pandemic which are mainly under service industries such as waiters, deejay, bank receptionists and many more. As the covid-19 pandemic are not able to be fully cure for this moment, it leads to the social issue which is unemployment getting more seriously during the pandemic. Section 2: Proposed Solution to the Social Problem Through the idea for creation of transformative entrepreneurship business entity to solve the social issues which is unemployment in our country, Malaysia. My partners and I have decided to create a website and mobile app as well for our business. Our company, RainMakers, co. are targeting those part timers or temporary workers, to provide them jobs vacancy for part time basis, especially students, housewives, and those with insufficient income to maintain their daily basis as we have the best employers who registered their work vacancy on our platform. RainMakers co. provided a platform for both the employers and employees for the to connect to each other for work enquires. Both website and mobile app 1 L are functioning the same but we considered that nowadays people are more likely to spend their time on their phone instead of sitting in front of the computer. We encouraged both employers and employees to use our website and the mobile app with free of charges, and we also make sure that the reliability of the employers before they posted any jobs vacancy on our website to prevent any scam cases happened. Section 3: Justification that the solution is a Transformational Entreprenuership Project As Covid-19 pandemic was spreading rapidly in Malaysia, government had encouraged our people to work from home in order to prevent covid-19 spreading. Even though their workplace was changed differently than usual, but still they have to follow their work scope. However, we believed that the structure of our business will be able to help those students, housewives, and those people with unstable income in the long term with high societal impact as our platform was mainly targeting for part time job. In term of economic impact, our website and mobile app are able to maintain our business operation by generating income from employer's service commission. Our business will only extract a monthly of 50% amount charged from the employers. Moreover, we will use Google Adsense as an alternative revenue stream, to promote our website and mobile app for attracting more and more youngers for downloading our app as well as using our website. By creating advertisement on YouTube and Facebook in order to gain extra income when site visitors view or click in the advertisement for part time job seeking. In the future, our business will be expanded to all around the world. By gaining more income with our platform, we believed that our business will be succeed in near future as our business was still fresh and rare to be found in the markets. Section 4: Justification that the solution is relevant and feasible in view of new realities and challenges of Post-Covid-19 World From March 2020 where the covid-19 cases first discovered in Malaysia until nowadays, many lives were taken by covid-19 and the numbers are still going on. In the meantime, people are advisable not to get themselves out from their comfort zone. In the Post-Cexid 19 World, keeping social distance does not have to mean social isolation or loneliness. So, our platform offering part time job for those students to maintain their daily expenses. With our website, students and housewives will get paid easily through cheque as to prevent covid-19 spreading. It is important to keep our client safety as Covid-19 pandemic was spreading really quick if people have no awareness of that. Hence, our business will be able to adapt to the new reality by providing clients to send their feedback to our company. Even though we have the best potential employers on our platform, but if something went wrong with the employer, clients are still be able to send us their feedback regarding their job vacancy info. However, we will ensure that safety Covid-19 protocols are maintained for all our clients as well as the employers. However, our company will assure that the workplace was sanitized before the clients was about to work for their part time job. Besides, we will also assure that every employers and employees are wearing face mask all the time while working, and ask for sanitize the workplace for every two hours. Most importantly, to make sure those employers and our clients follow the SOP (Standard Operating Procedure) that set by the government. CW3 Instructions: WRITING THE BUSINESS PLAN for transformational entrepreneurship start-up Nature: Any company, whether a start-up business or an existing firm, will require a business plan in order to exploit opportunities, overcome obstacles which the future holds, and also most crucially to raise funds, so that it can navigate successfully through its own unique competitive environment. This assignment focuses on the role of the business plan in acquiring capital from financiers for its new start-up business. This Coursework 3 assignment (Business Plan) is for group-level assessment. Thus, each team of 4 or 5 students within a tutorial group should collaborate to produce the assignment for assessment (marking) by the stipulated deadline (end of Week 6). Each team's Business Plan should be targeted for implementation in 2021. IMPORTANT NOTE: The linkage to CW1 (Individual idea for transformational entrepreneurship start-up) is this: The Business Plan should be written for the CW1 transformational entrepreneurship start-up idea judged by the tutor-in-charge to be the best one in a team of 4 or 5 students. Tutors should NOT allow any student team to choose a totally different idea (for CW3) which were not among the 4 or 5 individual ideas in CW1 (already submitted and assessed) within each team of 4 or 5 members. o o o Financial Schedule of estimation of initial capital funding- required to cover the start-up capital expenditure (purchases of non-current assets), pre-operating expenses, deposits & prepayments, and working capital requirements. Table of the Assumptions on which the Pro forma Financial Statements have been prepared. (N.B. The basis for the Sales revenue projections/estimation must be clearly shown or referenced to the estimation in the Marketing Plan section). 3 Years Pro forma Income Statements (P&L): first year prepared on a monthly basis; second and third years prepared on a quarterly basis. 3 Years Pro forma Cash flow Statements (CFS): first year prepared on a monthly basis; second and third years - prepared on a quarterly basis. 3 Years Pro forma Balance Sheets (B/S): all three years prepared on annual basis. Ratio analysis and Break-even analysis. (NB: you are advised to place the detailed pro forma statements and the ratio analysis and break- even calculations in the Appendix section of the Report; in the Body of the Report you should only present the Financial Summary and Highlights and reference this to the detailed statements in the Appendices) NOTE: 1) A set of financial templates (in Excel format) will be provided to all students via Google Classroom. You can use this by making the necessary adjustments to it to suit your financial computations. However, if you wish, you may choose to do your own original financial statements. Note: If you are using the Excel financial template, this Excel file will need to be uploaded separately as a separate attachment when submitting the CW3 Business Plan report to Google Classroom for assessment (marking) just follow the instructions for submission of CW3 posted in Google Classroom. 2) Student teams should go to the Internet and use an online Loan Amortisation Calculator to generate a loan amortisation table (by keying-in the 4 variables: interest rate per annum, loan period in months, loan amount, starting date/month of loan). The loan amortisation table generated will facilitate the student team to easily input the projected figures for interest payment (Income Statement and Cash Flow Statement), repayment amount of loan 15 principal (Cash Flow Statement only), and loan principal amount outstanding (still owing to bank) at end of years 1 to 3 in the Balance Sheet. The generation and use of this loan amortisation table will negate the use of manual calculations and thus greatly reduce or eliminate errors of computation. The loan amortisation table generated and used should be attached as an appendix to the CW3 Business Plan report. Section 1 : Social Problem / Issues Idetification Due to the Covid-19 pandemic, many people are losing their job due to the economy fall. Regardless of those people who are getting paid by higher salary or moderate, they still have to face the chances of getting fired by the company as the company was about to cut cost for preventing further losses. At the same time, which leads our society will have to face the social issue of our people who are not getting employed, which is unemployment for our people. For instances, news reported that one of the employees who worked in Komugi Bakery, One Utama had tested positive by covid-19 (Amelia Thai 2020). Due to that, the employee was discharged instantly, and that bakery will be forced to closed down for few weeks in order to do sterilization work. During the closed down period, the other employees who worked at the shopping will not getting paid due to the mall is closed down. Therefore, those employees will have to face the chance of getting fired by the company. Unemployment is actually one of the serious social issues in our country, Malaysia. According to Malay Mail reported, Socso CEO warns of over 100,000 job cuts by end of 2020 if Covid-19 persists (Ashman Adam 2020). During an interview with Free Malaysia Today, CEO of Sasso predicted that there will be 10,000 people losing their jobs every month in 2020. The company had received over 89,596 reports of unemployment cases as of 22 October 2020. On the other hand, there will be an increase of the rate of unemployment of 278 percent compared to 2019. Those people who suffered from unemployment due to covid-19 pandemic which are mainly under service industries such as waiters, deejay, bank receptionists and many more. As the covid-19 pandemic are not able to be fully cure for this moment, it leads to the social issue which is unemployment getting more seriously during the pandemic. Section 2: Proposed Solution to the Social Problem Through the idea for creation of transformative entrepreneurship business entity to solve the social issues which is unemployment in our country, Malaysia. My partners and I have decided to create a website and mobile app as well for our business. Our company, RainMakers, co. are targeting those part timers or temporary workers, to provide them jobs vacancy for part time basis, especially students, housewives, and those with insufficient income to maintain their daily basis as we have the best employers who registered their work vacancy on our platform. RainMakers co. provided a platform for both the employers and employees for the to connect to each other for work enquires. Both website and mobile app 1 L are functioning the same but we considered that nowadays people are more likely to spend their time on their phone instead of sitting in front of the computer. We encouraged both employers and employees to use our website and the mobile app with free of charges, and we also make sure that the reliability of the employers before they posted any jobs vacancy on our website to prevent any scam cases happened. Section 3: Justification that the solution is a Transformational Entreprenuership Project As Covid-19 pandemic was spreading rapidly in Malaysia, government had encouraged our people to work from home in order to prevent covid-19 spreading. Even though their workplace was changed differently than usual, but still they have to follow their work scope. However, we believed that the structure of our business will be able to help those students, housewives, and those people with unstable income in the long term with high societal impact as our platform was mainly targeting for part time job. In term of economic impact, our website and mobile app are able to maintain our business operation by generating income from employer's service commission. Our business will only extract a monthly of 50% amount charged from the employers. Moreover, we will use Google Adsense as an alternative revenue stream, to promote our website and mobile app for attracting more and more youngers for downloading our app as well as using our website. By creating advertisement on YouTube and Facebook in order to gain extra income when site visitors view or click in the advertisement for part time job seeking. In the future, our business will be expanded to all around the world. By gaining more income with our platform, we believed that our business will be succeed in near future as our business was still fresh and rare to be found in the markets. Section 4: Justification that the solution is relevant and feasible in view of new realities and challenges of Post-Covid-19 World From March 2020 where the covid-19 cases first discovered in Malaysia until nowadays, many lives were taken by covid-19 and the numbers are still going on. In the meantime, people are advisable not to get themselves out from their comfort zone. In the Post-Cexid 19 World, keeping social distance does not have to mean social isolation or loneliness. So, our platform offering part time job for those students to maintain their daily expenses. With our website, students and housewives will get paid easily through cheque as to prevent covid-19 spreading. It is important to keep our client safety as Covid-19 pandemic was spreading really quick if people have no awareness of that. Hence, our business will be able to adapt to the new reality by providing clients to send their feedback to our company. Even though we have the best potential employers on our platform, but if something went wrong with the employer, clients are still be able to send us their feedback regarding their job vacancy info. However, we will ensure that safety Covid-19 protocols are maintained for all our clients as well as the employers. However, our company will assure that the workplace was sanitized before the clients was about to work for their part time job. Besides, we will also assure that every employers and employees are wearing face mask all the time while working, and ask for sanitize the workplace for every two hours. Most importantly, to make sure those employers and our clients follow the SOP (Standard Operating Procedure) that set by the government