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Business and Management Plan for Bounce Fitness Company

   

Added on  2023-06-15

23 Pages2685 Words315 Views
RUNNNING HEAD: Business and management plan 1
Name of the student
Topic-Business and management plan
University name-
Business and Management Plan for Bounce Fitness Company_1
Business and management plan 2
Introduction
This report has focused on the business expansion of the Bounce fitness company.
This company is indulged in providing health and fitness services to public through its
innovative and creative means.
Present description of the company
The Bounce Fitness Company is running its business on international level. The main
focus of company is to grasp the potential target market of people having age more than 50
years.
The main product and services of Bounce Fitness
Bounce fitness needs to introduce its new fitness cycle to motivate people to live
healthy life style. It will include diet chart, body check-up and consistent training and
motivation program (Crespin Abraham and Rothman, 2016).
Part-A Determine the resources requirements and develop the operational plan
It is observed that the operation plan of the bounce Fitness should be supported by the
proper consultation process which are given as below
Focus on the issues and problems- This process is related with the identifying the
problems areas such as People’s health and problems which peoples and employees are
facing. The operation plan will consider the required diet chart, body check-up and consistent
training and motivation program to encounter all the associated health issues
Insight- The main insight is required to develop by the management for implementing
proper promotional plans. The management needs to implement proper data collection
process. The main insight of bounce Fitness is related to keep people healthy and providing
Business and Management Plan for Bounce Fitness Company_2
Business and management plan 3
them the right way to follow the proper diet (White, Hartley and Ozminkowski, 2015).
Action- The management of Bounce Fitness needs to implement proper action plan
such as results presentation and implementing cyber computing system in business and
installing new machines (Batorsky, et al. 2016).
2. Determine the Requirement of resources
Requirement of resources
There are following resources required to implement new busienss.
Physical resources requirement
Particular Cost (NZ$)
Setting up new office infrastructure 40K
Hiring new trainers and experts
Experts Salary= 1K* 13 employees=13K
Trainer= 7K
Supervisors salary= 5k*2 =10K
30K
Business and Management Plan for Bounce Fitness Company_3
Business and management plan 4
New Operational plan charges 20K
Marketing plan expenses 10k
Legal charges and expenses 5K1
Tending cost filling 1K
Licensing cost and expenses 1K
Hiring new space 10K
Project escalation cost 5K
Total cost 122K
Business and Management Plan for Bounce Fitness Company_4
Business and management plan 5
Financial resources
Bounce fitness could raise finance from several sources which are given as below.
Debt funding- It is the debt funding which could be used to raise funds at the fixed
interest rate from the public
Private funding- It is the funding process in which promoters of bounce fitness will
invest their funds to expand the business.
There will be following financial resources required to run the business effectively.
Bounce Fitness company
Particulars (Amount in Million) 2019 2020 2021 2022
AUD$ AUD$ AUD$
AUD
$
EBIT 5 7 9 10
Net profit 4 4.5 5 8
Total Assets 10 11 9 14.00
Total Liabilities 1 1 1 0
Shareholders' Equity 9 10 8 14.00
This above given financial resources reflects that Bounce fitness consistently needs to
increase the overall financial resources in business.
Business and Management Plan for Bounce Fitness Company_5
Business and management plan 6
Human resources
Bounce fitness needs to change its value chain activities by hiring new staff members and
making more advanced business system. It will help
Number of staff- Bounce fitness needs to hire at least 30 experts’ trainers who could
organize a camp for the office employees and people having age more than 50 years. These
employees will help people to learn new things and promising training programs for the
betterment of people.
Job Title- This new busienss expansion program will change the busienss structure of the
bounce fitness. Total 5 employees will be indulged in front desk employees, 20 train experts
will be indulged on floor training and rest in the other activities (Mazzuca, et al. 2017).
Business and Management Plan for Bounce Fitness Company_6

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