ASSESSMENT TEMPLATES BSBSMB406 - Manage small business finances For this activity you will need to develop and provide a business/financial plan for your organisation or area of business operation...

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ASSESSMENT TEMPLATES BSBSMB406 - Manage small business finances For this activity you will need to develop and provide a business/financial plan for your organisation or area of business operation which deals with all the following: adhering to legal requirements meeting requirements of financial backers defining strategies for debt collection and contingencies for debtors managing cash flow defining key performance indicators communicating with relevant people monitor the business against financial plan and make changes as required. Details of stakeholders you communicated with, sought guidance from, or who were involved in the decision-making process NOTE: Use the Business plan template provided to undertake this task, and pay particular attention to the financial requirements within this plan. Where real clients are not available, clients of simulated health and fitness levels (role play) may be used, however, a screening for each role play must be conducted as it would be for real clients. The assessment activities of this unit may overlap with other units such as BSBSMB404 and resources and information may be freely used in both units as relevant. These activities will need to be observed on at least 1 occasion by an assessor or relevant person and perhaps all three as specified by your assessor or relevant person. The completed templates and relevant person declarations need to be returned to your assessor for assessment. BUSINESS PLAN - FINANCIAL AUSTRALIAN COMPANY NUMBER AUSTRALIAN BUSINESS NUMBER Index – Business Plan Index – Business Plan2 ABOUT THIS DOCUMENT3 1: EXECUTIVE SUMMARY6 2.1 Business Structure8 2.2 Tax File Number9 2.3 Business Locations9 2.4 Details of Insurance9 2.5 external accountants9 3.1 Profile on principle/s11 4.1 Services12 5.1 QUALITY CONTROL STRATEGIES14 5.2 TARGET MARKETS15 6.1 S.W.O.T. Analysis16 6.2 P.E.S.T. Analysis17 7.1 advertising19 8.1 VALUE FOR MONEY21 9.1 industry life stage23 10.1 CAPACITY NEEDS & ANALYSIS25 10.2 CAPACITY ANALYSIS SUMMARY26 11.1 BUSINESS DEVELOPMENT TO DATE27 11.2 PROJECTED GOALS29 12.1 FINANCIALS31 Section 1 EXECUTIVE SUMMARY 1: EXECUTIVE SUMMARY Section 2 LEGAL & ADMINISTRATION 2.1 Business Structure 2.2 Tax File Number 2.3 Business Locations 2.4 Details of Insurance Through xxxxxxxxxxxxxx: xxxxxxxxxxxxxxx Underwriting Policy:xxxxxxxxxxxxxxx Professional Indemnityxxxxxxxxxxxxxx Public Liabilityxxxxxxxxxxxxxx Products liabilityxxxxxxxxxxxxxx Through xxxxxxxxxxxxxx: Policy:xxxxxxxxxxxxxx Professional Indemnityxxxxxxxxxxxxxx Public Liabilityxxxxxxxxxxxxx 2.5 External accountants xxxxxxxxxxxxxxxxxxx ABN xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxx PH: 07 xxxxxxxxxxxxxxxx FX: 07 xxxxxxxxxxxxxxxx 2.6 monitoring and reporting strategies External consultation and communication (who and how) Internal consultation and communication (who and how) Methods of communication and consultation Details of consultation and communication 2.7 Approvals and decision-making Persons responsible for decision-making Section 3 PROFILE ON PRINCIPLE 3.1 Profile on principle/s Section 4 services 4.1 Services Section 5 QUALITY CONTROL 5.1 QUALITY CONTROL STRATEGIES 5.2 TARGET MARKETS service TARGET MARKET · · · · · · · Section 6 S.W.O.T. & P.E.S.T. 6.1 S.W.O.T. Analysis XX Operations as an XXXX STRENGTHS WEAKNESSES · · OPPORTUNITIES THREATS · · Summary of threat and weakness, and response strategies Threats/weakness Response strategy 6.2 P.E.S.T. Analysis Are there any of the following issues XX Operations as an XXXX? Yes/no COMMENT POLITICAL ENVIRONMENTAL SOCIAL TECHNICAL Section 7 pROMOTIONAL ACTIVITIES 7.1 Advertising Section 8 pricing & Revenue 8.1 sources of income 8.2 VALUE FOR MONEY 8.3 financial backers Limit of financial backers Meeting obligations to financial backers 8.4 cash flow Projected month expenses Projected cash flow + - Difference 8.5 strategies to maintain positive cash flow Section 9 Industry life stage 9.1 industry life stage Section 10 CAPACITY MANAGEMENT 10.1 CAPACITY NEEDS & ANALYSIS CAPACITY NEED XX CAPACITY Financial Positive cash flow Capacity to pay bills Capacity to operate when cash flow delayed Capacity to expand Human Resources Administration Compliance Physical Resources 10.2 CAPACITY ANALYSIS SUMMARY Key performance indicators Results of analysis against KPIs Section 11 Ongoing business development 11.1 BUSINESS DEVELOPMENT TO DATE . 11.2 PROJECTED KPIS Numbers of clients for xxxxxxxxx. The numbers are approximate and not intended to be exact. 2017 intention result Financial intention result intention result intention Result intention result Section 12 FINANCIALS 12.1 FINANCIALS ATTACHMENTS Attachment 1 - Partnering Arrangements Bottom of Form ATTACHMENT 2 – PARTNERING ARRANGEMENTS The following list represents active partnering arrangements as of February 2012: 1 · 2 · 3 n · 4 n 5 n · 6 Y · 7 n · BSBSMB406- Observation/DECLARATION checklist Candidate’s Name Assessor or Observer’s Name Unit of Competence (Code and Title) BSBSMB406 Manage small business finances Date of Assessment Location Demonstration Tasks Materials and Equipment NOTE: It is preferred that video evidence is provided for each task, and if video evidence is not to be provided an explanation as to why is needed. Videos can be from a device as simple as your phone, as long as they show the candidate undertaking activities with all relevant stakeholders and resources visible for the assessor. Tasks to be observed, demonstrated in workplace or simulated as appropriate S NYS Supporting Evidence Supplied Comment/s & details (This information is important and assist the assessor in making a sound assessment judgement, so please complete. Comments and feedback should include details of the supporting evidence supplied or reference to other areas of validation) Performance evidence operate the business according to the business plan, including: adhering to legal requirements meeting requirements of financial backers defining strategies for debt collection and contingencies for debtors managing cash flow defining key performance indicators communicating with relevant people monitor the business against financial plan and make changes as required. This Checklist Y completed Video (Preferred) Photos Samples of completed work Portfolio Emails Journal Other (please specify) Completed assessment templates for this unit Knowledge evidence discuss benchmarking explain financial decision-making relevant to the business summarise significant financial indicators outline purposes of financial reports clarify preparation and interpretation of budget/actual reports identify principles for preparing balance sheets and their interpretation outline debt collection procedures or strategies characterise principles for preparing profit and loss statements and their interpretation discuss stock records and stock control relevant to the business. This Checklist Y completed Video (Preferred) Photos Samples of completed work