Managing Budget and Business Plan Australia Project 2022

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Managing Budget and Business Plan
8/16/2019
(Student Name)

Managing Budget and Business Plan 1
Table of Contents
Introduction......................................................................................................................................2
Purpose of Budget............................................................................................................................2
Project Details..................................................................................................................................2
Timeline.......................................................................................................................................2
Cost..............................................................................................................................................3
Project Budget.................................................................................................................................3
Budgeted Income Statement........................................................................................................3
Budgeted Balance sheet...............................................................................................................5
Budget Assumption and Consideration...........................................................................................6
Monitoring of Project Expenses......................................................................................................6
Budget Evaluation Process..............................................................................................................7
Contingency Plan.............................................................................................................................7
Strategy for Financial and Budgetary Controls...............................................................................8
Recommendations and Conclusion..................................................................................................8
References......................................................................................................................................10

Managing Budget and Business Plan 2
Introduction
Beans Coffee is one of the owned small companies that distribute its coffee beans to other coffee
shop across Australia. The company is planning to expand its business through retailing as well
as whole selling businesses. Therefore, in the following part there will be detailed analysis of the
budget that is required for expanding the business.
Purpose of Budget
The main purpose of the budget is to forecast the income that will be occur in the future as well
as the expected expenditure that will be required for expanding the business. Moreover, its will
be used for decision making related to the finance, from which source the fund will be raised and
the amount that is required to be raised from the market. Furthermore, it is also used to monitor
the performance of the business in an effective and efficient manner (Junita et al., 2018).
Project Details
Project Team Key Task
Marketing Team It will manage whole marketing and promotional related activities
Research Team Such team will analyze the market and analyze the demand of product
Finance Team The team will manage the funding related activities
HR team It will manage hiring related activities to enhance the sales activities
Sales Manager It will manage whole sales related activities

Managing Budget and Business Plan 3
Timeline
Activities July August September October
Novembe
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Social Media Marketing
Email Campaigns
Market Research
Email Campaigns
Mobi Communications
Affiliate Advertising
Exhibitions
Sponsorship
Sales Promotion
Banner Advertising
Agency strategic
Review