Business Planning & Development Assignment Help

Assignment Task

Assessment task

• Identify and investigate possible business opportunities in the ftness industry

• Use the internet to research and analyse information from various sources to further develop one business opportunity

• Develop and present a business proposal to support your business opportunity Please ensure you have access to the following equipment for this assessment:

• A device capable of accessing the internet

Part A:

1) Use the internet to research the profle of the current ftness market in Australia in preparation for developing a ftness business idea.

2. Based on your research in Q1, think of at least 3 business ideas or opportunities that may be successful additions to the ftness industry. Briefy list your 3 ideas below. Give an explanation why each idea has potential to be successful, using your research to back up your decision.

3. From the list of possible business opportunities you identifed in Q2, select one to develop further for the purpose of this assessment. List your chosen business opportunity here:

4) Consider the following factors that may contribute to the viability and success of your chosen business opportunity by researching.

5) Based on the factors you have considered in Question 4(a-i), identify at least 2 possible risks that may have an impact on the success of the business. For each of the 2 risks, use the tables below to:

• Establish the likelihood of the risk occurring

• Outline the impact of the risk on the business if it was to occur

• Classify the priority of the risk

• Outline an action you would suggest to reduce, prevent or manage the risk

• Identify the appropriate person (internal or external to the business) to communicate the risk to. 

• 6) Based on your research, analysis and investigations, would you consider this business opportunity to be a viable one? Explain your decision:

Part B:

7. a) Give an example of a situation where you may need to develop and present a business proposal for the business opportunity you considered in Part A of this assessment:

b)Who would you be presenting your proposal to?

8) Assume that the scenario you outlined in Question 7 is actually occurring. Develop the content of the business proposal for your new ftness business opportunity in preparation for presenting it to your intended audience. Ensure your business proposal includes the following information:

• Reason for the proposal

• The business name

• The business logo

• A description of the business, including products and services being offered

• The goals and objectives of the business (including timeframes)

• A proposed budget to demonstrate fnancial viability

• Information relating to legislative requirements, regulations, standards and codes or practice to be established by the business

9) After you have presented your business proposal to your audience, what questions would you ask them to get feedback on the structure and content of your proposal and to assist you in developing and presenting future business proposals?

This Management Assignment Help has been solved by our Management Experts at My Uni Papers. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.