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Human Resources and Implementation Report

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Added on  2019-11-14

Human Resources and Implementation Report

   Added on 2019-11-14

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Human Resources and Implementation Report_1
Table of Contents1. Identification of the new project or service and supply.....................................................42. Preparation of the budget....................................................................................................53. Build-up of the budget from a zero-based..........................................................................74. A contingency plan for managing the financial needs.......................................................75. Break-even analysis............................................................................................................8CONCLUSION........................................................................................................................11References................................................................................................................................12
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List of tablesTable 1: Zero-based cash budget................................................................................................6Table 2: Cash budget..................................................................................................................7Table 3: Cash flow statement.....................................................................................................9
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1. Identification of the new project or service and supply In the current scenario, the food industry is growing with rapid speed and havingsignificant contribution in the GDP and tourism activities of the nations. The planning ofbusiness about food restaurant in hospital will require skilled human resources who can helpin the development of menu, planning of operations, preparation and delivery of the food.The infrastructure and implementation of technical tools for taking the order and offering theinformation to the customer. The prior planning of business and development of the roadmapof the business would be beneficial for the management. The opening of the restaurant toprovide food in the hospital in Sidney, Australia would be the major task that will requirefinancial resources to establish the restaurant. For starting the business in Australia the optionof the opening of food restaurant in hospital would be more feasible (Fuller, 2016). Thesupply of the services would be manageable as there are many vendors are available foroffering the raw material to prepare the food in hospital according to menu and requirementsof customers. The consideration of issues of economy, human resources and implementationof technical resources would be the major concern of the management to meet the objectives.Following are the key objectives of starting the new business: To meet the needs of local and international customers. To offer high-quality food and services. To gain profit from the organization. Reason for fundingThe small business unit requires funds for managing the following operations in thebusiness which are playing vital role in the planning and implantation of business project,Working capital: For starting the business sufficient amount of working capital is requiredwhich is the major reason for funding. The working capital helps to maintain the health of thebusiness that can be gain from the external sources like banking institute and investors. Aloan can help the management to cover the short-term fund requirements of business to growto meet the needs of customers and supplier for food restaurants in hospital (Junior.et al.2016). This kind of approach in funding of working capital will help the organization to gainthe advantage of new opportunities by investing in the development of new products andservices for customers. Asset purchase:In the business of food restaurant in hospital, the funds are required forpurchasing of assets to prepare and deliver the food to the customers. The major assets of the
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