Due: Week 12 (Thursday midnight) Length: 8 pages Weighting: 35%
General instructions
Once again, you are required to complete the final two stages of the opportunity analysis report; (3) an assessment of the entrepreneur and the team; and (4) a discussion of the steps needed to make the idea the basis for a viable business venture. Also in this final stage discuss whether your business would be suited for entry as a franchise opportunity. Use this link as a reference for the franchising opportunity http://www.franchise.org.au/franchisee-faqs.html
Task
• The third stage of the opportunity analysis report is to assess the entrepreneur and the team. Complete a HR Plan for your new venture. You should include:
• experience, award categories and pay rates
• The final stage of the opportunity analysis report is to assess the steps needed to make your new venture operational and viable. Complete the steps needed for your new venture to be operational. You should include set-up costs for your venture including all equipment needs, and a timeframe of when these will be purchased, and also produce the first year’s profit and loss.
Marking criteria
• Ability to identify correct staffing needs
• Identifies correct Award categories
• Accurate cost allocation for each team member
• Ability to identify relevant equipment needs
• Identifies realistic costs
• Profit and loss presentation
• Identifies time frame
• Ability to apply theoretical concepts to a specific venture
• Discussing franchising options
• Professional presentation including introduction, conclusion and reference list using the Harvard System.
Entrepreneurship final section
points d c p f
Ability to identify correct staffing needs
/5
• Identifies correct Award categories
/2
Accurate cost allocation for each team member
/2
Ability to identify relevant equipment needs
/3
Identifies realistic costs
/5
Profit and loss presentation
/10
Identifies time frame
/4
Ability to apply theoretical concepts to a specific venture
/1
Discussing franchising options
/3
Professional presentation including introduction, conclusion and reference list
using the Harvard System Zero to -5