Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Restaurant- Vegan Restaurant i. Permits and licenses List the Permits and Licences which have been and/or need to be registered and/or obtained based on your

Restaurant- Vegan Restaurant

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
i. Permits and licenses List the Permits and Licences which have been and/or need to be registered and/or obtained based on your operational needs. These will vary depending on the type of business and location as well as operational and product/services specific needs e.g. outdoor (kerbside seating, liquer licence, life music, and more. Access the Australian Business Licence Information Service (ABLIS) website and stipulate/fill in the required details to receive a comprehensive location (jurisdiction) and operation-specific list and information of required licences and permits you need to have. Provide your ABLIS weblink: List/outline the one's (permits and licences) which you need to obtain/register (apply for). Permit - License (to be registered/obtained) Re(sources): Registrations. licences and permits II Australian Business Licence Information Service (ABLIS)a. Action plan In this section you will establish your business milestones that you need to complete starting from today in order to launch your New Concept (Project) in 3 months. The below questions need to be considered when establishing your action plan: 0 When do you expect to complete them? a Who is responsible for delivering these milestones? NOTE List ALL business milestones in a chronological manner - use the below table. OR you can use a GANTT chart {Click HERE to download a free simple template} to help you to set up your business milestones for your New Concept/Project in a chronological and logical way and submib'upload your complete GANTT chart together with this document. Please note: This table does not include sustainability milestones as they have been already listed by you in the above sustainabilit section. Date of expected Person responsible completion [What are the business milestones that you need to complete starting from [When do you expect [Who is responsible for today in order to launch your New Concept (Projetc) in 3 months .9] to complete them?] delivering this milestone?] In this section below address the legally required (mandatory) types of insurances you will need to have in place based on your business/operational needs. What are the terms and conditions, including the estimated premiums insurance fees) you are naving? Type of Insurance Outline and relevance of the insurance Estimated insurance In place cost (fees/premiums) per month ($) Workers Compensation* YIN Product liability Y/N NOTE: This covers any legal action taken out as a result of injury, damage or death from your product Public liability insurance Y/N NOTE: This covers any third-party death or injury. Professional indemnity NOTE: This covers any legal action taken out as a result of your professional advice. Business assets** NOTE: This insurance covers things like buildings, contents and motor vehicles. Business revenue *** NOTE: this is not a mandatory insurance to have "How to calculate your workers compensation premium/fee cost - estimated by 2 - 2.3% of projected (new concept) payroll - AT A1 Concept TASK 4 Personell (Manning Gudie) total salary/wage cost ($). Then divided by 12 = monthly (estimated) premioum/fee (cost) * Provide Total value(s) of physical assets (from AT A1 Concpet TASK 7 SOE - New Concept total of FOH and BOH) to adequately estimate the yearly premium/fee cost for your business's physical assets. * Provide Total annual forecasted sales/revenue - refer to AT A1 Concept TASK 4 Concept Statement Key Fin data to adequately estimate the yearly premium/fee cost for your business's physical assets. TIPP: Refer to the Current Operation's insurances and their fees (premiums) as a guideline. | Re(source: Business insurance h. Legal considerations In this section list the (ALL) legislation that will impact the running of your business/operation. E.g. consumer law, business law, or specific legislation applicable to your industry. In the below table address/consider the following: . List the legislation in order of the most impact on your business/operation. . You should also detail what you will do or have already done to ensure you are compliant Legislation(s) Level of impact Action(s) required for compliance Y/N YIN Y/N Y/N (Re)source: Visit Legal essentials for business3. THE FUTURE A. Vision and Missions Statement Refer to and utilise your in-class Workshop collaborative Learning Activity (LA) concerning the development of your New Concept's Vision and Mission Statement. What is your business' Vision Statement? It should briefly outline your future plan for the business and include your overall goals. NOTE: Why - the reason being in business | value and beliefs] the big picture. To be captured in 1-2 sentences. What is your business' Mission statement, E.e., how will you achieve your vision? NOTE: How will you achieve/meet your vision. To be captured in 2-3 sentences. (Re)source: Difference between Mission and Vision Statement B. Objectives and Goals In this section, you will provide your business's short, medium and long-term goals and objectives. What activities will you undertake to meet them? List at least three (3) short and medium (1-2 years) and two (2) long-term (3-5 years) goals and objectives. NOTE: Ensure to apply the SMART* goal-setting principles for ALL your goals and objectives Short-medium tern goals/objectives(1-2 years) Goals/Objectives (SMART) Planned activities Key Performance Evaluation/Monitoring (in order to achieve the Indicators (KPI) Method goal(s)) (measure) Long-term goals/objectives (3-5 years) Goals/Objectives (SMART) Planned activities Key Performance Evaluation/Monitoring (in order to achieve the Indicators (KPI) Method goal(s)) (measure) *SMART (S=Specific, M=Measurable, A=Achievable, R=Relevant/Realistic and T=Time-bound (Re)source: https://www.learnmarketing.net/smart.htmj. Risk Assessment In this section, list the potential risks (in order of likelihood and severity) that could impact your business (refer to your PEST Analysis form AT A1 TASK 3 Market Analysis). In the below table the following aspects need to be addressed: Identify a minimum of (four) 4 Risks. For each Risk provide the following details: O A description of the Risk and the potential impact to your business o The likelihood of this Risk happening - either highly unlikely, unlikely, likely, or highly likely The level of impact (consequences) it may have on your business - high, medium or low Your strategies based on your Business Continuity Management Planning (BCMP) approach for minimising/mitigating each potential Risk Risk Likelihood Impact / Strategy - Business Continuity [Description of the Risk and the [ Highly Unlikely, Consequences Management Planning (BCMP) potential impact on your business.] Unlikely, Likely, Highly [High, Medium, Low] [ What actions will you take to minimise/mitigate the Likely potential Risk to your business? 1. 2. 3. 4. Re(sources: How to manage Risk || Business Continuity Management Planning (BCMP) k. Quality Control In this section you will describe and outline your quality control process as part of your Total Quality Management (TQM) strategy and approach. NOTE: What checks and balances do you have in place to ensure the products and services you offer is produced to the same high-quality standard at any time? E.g. what steps do you take to meet expected standard quality of products and services, What process, documentation (checks and balances) and systems e.g. Policies, SOP, Training Programs, Quality assurance, Risk Management, etc. are in place? Process/Documentation In place Y/NWhat are your engagement strategies/approaches with the local community to minimise your business's impact on the environment? (Re)source: Environmental impact List any risks and/or constraints to the business resulting from your environmental impact: What strategies will you implement to minimise and mitigate your environmental impact and any risks to your business? Brief outline of your set-up Environmental Managemet System (EMS): (Re)sources: Environmental Management System (EMS) | the NSW Environment Protection Authority (EPA) List your identified four (4) key sustainable environmental milestones in the table below.. NOTE: Detail each sustainability milestone, the target you are trying to achieve and when you expect to reach each target. E.g. Reducing water consumption by 60% before MAR 2022 Sustainability milestone Target (in a measurable unit Target date e.g. %) Month/Year 1. 2. 3. 4

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

Step: 3

blur-text-image

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

Services Management The New Paradigm In Hospitality

Authors: Jay Kandampully

1st Edition

0131916548, 9780131916548

More Books

Students also viewed these General Management questions

Question

1. What do I want to achieve?

Answered: 1 week ago

Question

3. What is my goal?

Answered: 1 week ago