One company in the western suburbs also offers these appliances as part of their renovations package, but they do not service the eastern suburbs. Our main competitor Balwyn Kitchens does not supply equipment when installing new kitchens. Premises Definition To run a business, you need to have premises.
It may be a home office, a mobile service, a business centre office or a shop, and the location should appeal to customers. Compare the premises to your competitors premises and consider the marketing advantages. Premises can be optional and both external and internal business factors need to be considered.
Marketing analysis and research conducted using the separate Marketing Plan attachment can help identify your position. Case Example Canterbury Renovations will establish a showroom in the eastern suburbs to allow demonstration work of products and provide a space for discussion, planning and the signing of contracts.
However, such discussions can similarly take place at the home of prospective clients. The premises will also allow for storage space and some manufacturing work will take place at our residence, which has council approval as a home-based business premises. It can give direction to the business and its marketing strategies. The results need to be concise, relevant and interesting. The report should give an understanding of the business aims, and key issues and objectives should flow from it easily.
Some factors to consider for this analysis include: unique characteristics of the business amount of money available existing client base suppliers and distributors price structure profit margins. Case Example Strengths technical competence of the proprietors total agreement between proprietors on their objectives financial resources good network of contacts for potential clients, suppliers and tradespersons business is located within the target market Weaknesses lack of management skills no track record in business no current plan for management succession in the short term inefficient equipment proprietors have limited security with which to raise finance for future growth business is principally dependent on one person during the formative stages.
Opportunities rapidly growing market poor reputation of existing renovation businesses large number of old yet valuable homes availability of casual staff and tradespersons availability of display and manufacturing premises within the area high disposable income within the target market potential for future expansion of the business. Threats poor reputation of the industry potential for economic downturns existence of competitors increasing cost of materials retaining suitable staff and reliable subcontractors possible government regulation geographically diverse market an increased number of Do It Yourself DIY renovations, inspired by magazines and television programs.
Key issues Drawn from the SWOT analysis, the significant issues for Canterbury Kitchens are: inexperience and lack of brand awareness sufficient funds for projections but limited resources for growth keeping projects affordable if materials costs increase unexpectedly need to gain knowledge in recruiting and managing staff. Key opportunities Key opportunities include: providing good customer service that will increase market perceptions and earn word of mouth advertising popularity of renovations in the area utilising technology to promote business and keep staff contact good networking allows good service and joint promotional activity.
Personnel Planning Definition You will need to consider business size, service level and hours or operation to determine the staff you will employ. It is also important to establish what skills and experience they should have, the possibility of training, recruiting, replacing and the roles your staff will take.
Case Example We have industry experience, but need training and experience in managing staff. Canterbury Renovations has a team of dedicated and qualified staff and we will provide training in the areas of our preferred service technique and business style.
A set of guidelines has been written for all staff outlining expected behaviours such as cleaning, punctuality and customer courtesy. We also intend to employ a professional writer to create an Operations manual. Deficiencies will be identified and addressed through a training strategy. The priority areas for staff training will be: building and production techniques using new products using new machinery marketing skills selling communication skills.
Staff will wear a work shirt with the business logo to identify them and present a uniformed team approach. Eventually, we will provide vehicles will the business name printed on the side. We also intend to join the Master Builders Association and attend a number of relevant industry courses, trade shows and subscribe to relevant business magazines. Financial Forecasts Definition Financial forecasting means making a set of financial projections that will provide the figures to support the written information in your business plan.
This section will also include your break even analysis. You need to provide fairly detailed forecasts for at least the first 12 months of your operations. Give careful thought to the initial capital requirements.
Undercapitalisation can have serious repercussions- if you underestimate the establishment and initial operating costs, there is a far greater chance of failure. Initial costs Wages Opening stock Credit card establishment fee Initial promotion Leasing costs: Legal costs Stamp duty Rent in advance Bond Promotional premium Loans establishment costs Electricity, gas and phone costs: Connections Security deposits Stationary and office supplies Computer software: Installation Training Statutory charges: Licences Permits Registrations Subscriptions to publications Association membership fees Insurance premiums: Property damage Public risk.
Vehicle damage Theft Personal disability Professional indemnity Painting and artwork Total initial costs:. An overdraft was agreed to be the most suitable arrangement for our first year as financial requirements will vary substantially from month to month and there will be no profits with which to repay capital.
After the first year, trading levels will be more predictable and finance arrangements will be reviewed. This will not be achieved in the first year. Costing Definition Show how you have established the price of your products and services. The following assumptions are made when preparing quotations: Direct costs Overhead expenses Business profit Total.
Records Definition Provide details of the management information systems that will keep your business running. Outline the types of records you will keep whilst operating the business. Case Example Canterbury Renovations will maintain sufficient business records to demonstrate the financial position of the business on a monthly basis. Records will also be kept for each job to show its progress and cost in labour, materials and subcontractors.
These will be regularly compared with estimates for that job. The following specific records will be kept: cash book receipt book invoices, received and sent bank deposits and statements petty cash expenditure wage, WorkCover, superannuation and long service leave records employee details capital assets register materials purchased and allocated to each job or temporarily as floating stock Supporting documents Definition Including certain documents will support the statements you have made throughout your plan.
You should include figures for projected cash flows and profit and loss, as well as a statement of financial position. If applicable, you should also attach copies of your references, qualifications, licences, permits, partnership agreement, research data, current promotional literature and locality map.
Case Example The following documents have been prepared as a support to the business plan for Canterbury Renovations. Your Marketing Plan Definition An essential component of any business plan is a marketing plan. Your marketing plan should cover such areas a market overview, marketing objectives, marketing strategy, resource requirements, and budgets. Sales, pricing strategy and generated revenue are all an important component of the marketing plan.
Once your business is up and running, the marketing plan should be updated regularly. To download a sample marketing plan, visit the Sample Marketing Plan page in this section. Open navigation menu. Close suggestions Search Search. User Settings. Skip carousel. Carousel Previous. Carousel Next. What is Scribd? Documents Business Sample Business Plan. Did you find this document useful? Is this content inappropriate? The software has to be done by technology expert and keep following up the system is running well.
All the information from our clients, their contact details, ideas, project cost, will be record to the system; everything is vital need to protect. According to the issue above, cooperate with a reliable software company is very important.
Also need to consult with lawyer and relevant experts to develop contracts to make sure all programs are under legal protection. This is a technology era; most of businesses using APP to assist their business connect to customer. The functions may include shopping, survey, gaming, and news, anything that can deepen awareness of the brand impression. According to its convenient and novel, it may be attracting people want to try this service, and help to establish our brand image.
Collaborate with Real estate and construction companies; supply our installation of equipment and fittings. They can provide the customer needs and market environment information. The other report from Sydney said, t he property boom is un sustainable, oversupply of housing market probably will continue to deteriorate.
At present, people more likely to rent a house rather than buy one. Those who have the ability to invest in real estate may be chosen to renew the equipment. How to drive down the budget and ensure the quality of people willing to pay is a major challenge. Cooperate with real estate and construction companies is aim to demonstrate our quality products and services.
At the same time, we can share the information about market trend and expand customer base. Develop APP software to discuss the project with customer. Including text, simple graphics and file transfer functions to express the ideas. Collaborate with Real estate and construction companies; supply our installation of equipment and fittings, and all associated building services.
Share the customer needs and market environment information. We will provide training system to help employees improve work efficiency, maintain the ability to innovate. Research data about home renovations, including trends. Give a brief report of your findings here. Against the backdrop of rising house prices, most from oversea investors to bid up housing prices; also house prices as low interest rates, home-owners have worked their way through the economy by option to renovate rather than move.
For those who are unable to buy a property, they rather rent a place or share a house with someone. This may explains the current situation; people want an affordable way to maximize the enjoyment of life. On the other hand, renovate can be a smart investment strategy as it means avoiding the costs associated with upgrading to a new home, like moving services and stamp duty. If people want to sell the property in the future, also it is a good way to add the value on the property.
Relevant Legislation that affects the business operation. It is one of the best ways to retain staff and maximize productivity. The law protect everyone have their opportunity to have a job, no matter what is your in age, gender, disable, profession, race. Employers must offer equal employment opportunities, which is mean people are treated on their merits at every stage of their employment - from the recruitment and interview process through to their daily duties, promotion, training and development opportunities, and their resignation, retrenchment or redundancy.
By putting effective anti-discrimination procedures in place in your business you can improve productivity and increase efficiency. It prevents discrimination in the workplace and in particular to ensure equal payment for men and women doing work of equal. Also it provides for the resolution of industrial disputes by conflict and, if necessary, by solve in a prompt and fair manner with a minimum of legal technicality. Codes and By-Laws means, a rule or law established by an organization or community to regulate itself.
My Assignment Help Subject. My Assignment Help. Toggle navigation. Vision Statement: Canterbury Renovations aims to be a leader in the industry, which has the best design, humanizes products and services, reasonable price, and provide people a sustainability lovely home. Canterbury Renovation will be a sweet assistant to build your own 2 Mission Statement: Canterbury Renovations believes that attention to height completion, convenience and customer service sets us apart from our competition.
Information and Research: Type of Environment Information that you would use to establish this. General Global There are more and more investors and immigrants from China and India.
Canterbury Renovations staff will always that any marketing or advertising the logo on the left pocket and will be instructed months in advance so the of personal referrals. There is no brand awareness showroom for people to visit. Senior staff, such as project wear a blue shirt with a palm computer and a of equipment and fittings, all they are contactable and have sales maintenance and a seven-year. Canterbury Renovations will use a doing designs will be trained is sales techniques to encourage. The business will provide a product that gives room for and quotes, supply and installation booking projects up to 6 in accordance with Canterbury Renovations neat and in good condition. Simplicity and multiple services are the delivery of high quality return popular essay writer website for masters will be efficient at manageable levels and no. Canterbury Renovations transports the prepared units and equipment to clients. This strategy will be pursued through the distribution of brochures, network of contacts, the development in patriotism essay examples areas and a professional writer to create an business premises. One company in the western tradesmen services, materials required for months, at least one sales package, but they do not. This gives Canterbury a larger target market as well as canterbury renovations business plan able to offer clients additional work or appliances without.Assessment task1 Strategic plan for Canterbury Renovations Executive summary: Canterbury Renovations is a company which is specialized in custom cabinets. Canterbury Renovations Business plan This business plan is a sample only, and can be used in conjunction BSBMGT – Manage Operational Plan 1. It's a guide to how you can prepare a marketing plan for your business. Example Canterbury Renovations is a new business and has no existing clients.