BUS302: Business Plan Comparison Report - Assessment 1

This report, prepared for a BUS302 assessment, undertakes a comparative analysis of the business plans of Blueprints Business Planning Pty Ltd (BBP) and All About People (AAP). The introduction emphasizes the importance of business plan assessment in improving operational effectiveness. The main body of the report delves into key areas such as executive summaries, company profiles, marketing strategies, operational aspects, and financial plans. The comparison reveals strengths and weaknesses in both plans, with BBP's marketing plan considered more detailed. The financial plan analysis highlights differences in projected profit and loss, with AAP showing initial losses but later profitability, while BBP exhibits underperformance. The report concludes by summarizing the findings and offering recommendations for improvement, emphasizing the importance of detailed information and financial planning in achieving business success. References are provided to support the analysis.

Assessment 1 BUS302

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
The proper development and assessment of the business plans will impact the operation
of the business activities and thus will lead the organisation to have a proper assessment of
effectiveness of the business activities in much suitable and effective way. Besides this, a proper
comparison of various business plan will help the organisation to enhance the quality of
operations and making appropriate suggestions or alterations for improving the efficiency of a
proposed business plan within a firm. This will help the firm to improve the quality of operations
and the proposed strategies that will be undertaken within the firm to improve their market
presence and performance.
The current assessment includes the comparison of business plan of Blueprints Business
Planning Pty Ltd with that of an agency named All About people. The report will include proper
assessment of different attributes of organisation and thus will help in proper evaluation of their
assessment criteria and gaining a proper management of business activities to a greater level.
Besides this, proper assessment and evaluative recommendations will be taken in consideration
by the fir which will improve the assessment of business plans in much effective way.
MAIN BODY
Blueprints Business Planning Pty Ltd (BBP) and All About people (AAP) are one of the
leading agencies that has proposed in proper management of business activities in much suitable
way (Brinckmann and Kim, 2015). On the basis of the assessment of business plans of both the
organisations certain outputs and evaluation are been found that will help in improving the
effectiveness of these business plans in much suitable way. The effective assessment of both the
organisational plans is as follows:
Executive Summary
The executive summary of business plan of Blueprints Business Planning Pty Ltd is quite
precise and effective gives the proper and effective idea about the business ideas and goals which
are been set within the agency with assessment of its marketing, financial and operational
operations that will help in proper management of the business activities which will improve the
overall idea of the organisation to place the operation and thus will increase the quality of
operations and activities in much suitable manner. The business plan provides the proper
assessment of the various activities that will be carried out within organisation that will improve
the quality of business activities performed by the firm.
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On the other hand, the executive summary of business plan of AAP is more widely and
inclusive as it helps the organisation to have a good management of business activities and thus
will help in proper placing of its mission, objectives, financial attributes market overview with
detail of services that the organisation offers to its firm. This will help the organisation to carry
out proper management of plans and ideas that are required to be incorporated within the
organisation. Besides this, it will aslo provide the onlooker of the business plan to improve the
quality of business activities and operations followed buy the firm.
On basis of assessment of both the firms, this can be said that the effective management
of business operations is required to be taken in consideration. The business plan of BBP can
incorporate the details of financial attributes and marketing obligations for a more inclusive and
precise management of operations.
Company Summary
BBP has provided within the proper detailing of the company's origin and few details
about the business operations which will help in proper management of the business operations
besides this it will help in provide the proper management of business activities in much suitable
and effective way. However, the details are not adequate or detailed to make a proper perception
of the organisation in much suitable way (Brinckmann and et.al., 2015).
On the other hand, AAP has provided an effective detail of the company detail with the
proper detailing of its area of expertise with the services that they provide to their clients and
ownership details and start up operations in much suitable way. The information about the types
of workers that are been used is also provided.
Hence, on the basis of assessment of company profile and details this can be said that the
company details of AAP is much inclusive and details as compared to that in BBP. Thus, based
on the proper evaluation of business activities company details are more collaborative in
Business Plan of BBP.
Marketing
The business plan of BBP has included the details of proper marketing plan incorporating
the detailed analysis of market research, analysis, company's promotional plan, placement
strategies and advertising measures are been involved with proper digital or ICT marketing
strategies is been discussed. Besides this, the detailed analysis of the marketing operations is
been taken in consideration that will improve the quality and understanding for the promotional
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and sales operation that are been performed to a greater extent. This attributes are been explained
in much detailed and suitable manner which are appropriate and viable for the placing of the
operation of the organisation in much effective way. The various marketing medium like social
media, print mediums and software are been taken in evaluation (Watson, McGowan and
Cooper, 2016).
On the other hand, the assessment of marketing strategies by AAP is also well structured
and detailed with the information of the number of staff involved in the promotions of the
organisation is evaluated. The contact details and proper management of the business activities is
been taken in consideration which will help the organisation to improve the quality of business
activities in much suitable way. This will help in proper assessment of the competition that the
organisation has to face with proper detailing of the job roles and skills that are been taken in
consideration by All About People. This will help in proper assessment of the effective
assessment of business activities which will improve the quality of operations in much suitable
way (Hopp and Greene, 2018).
Thus, on the basis of this assessment and evaluation that is been performed this can be
said that the proper management of operation this can be said that the effective placing of the
business operations which will help in proper management of marketing operations in a effective
way. The evaluation of both the business plans indicates that the proper management of the
business activities indicate that the marketing is a very important aspect of organisation which is
required to managed by both the business entities (McKenzie, 2017.). But here we can say that
the business plan of BBP is more elaborated and thus will help in proper management of the
business activities of the organisation as it includes the detailed information of each and every
information that will help in proper management of business activities which will improve the
knowledge about details of organisation.
Operations:
This section of business plan involves all the details about the business activities that an
organisation will perform to carry out its functions and operations in much suitable way. It will
incorporate legal obligation and details of share holders and management of organisation and the
effective business attributes will help in proper assessment of the staffing and placement
processes that are been carried within both AAP and BBP. The business plan of Blueprints
Business Planning Pty Ltd includes the information of organisational structure and the placement
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of proper work force that will help in effective placing of the business operations that will help in
proper management of departments within the firm like consultancy, ICT, training etc. the
consultants, directors and trainers details will help in proper planning of strategies in much
suitable and effective way. Besides this, the details of professionals like Accountants, brokers etc
within the BBP provided will help in suitable strategic planning of operations (Gabler and et.al.,
2017). Also, the details of insurance and security issues are been taken in consideration with the
proper assessment of location in Australia is been provided. Also, a brief detailing about the
council rules are been incorporated. Besides this the details of the equipment's will help in proper
financial planning. The firm also include the information of production processes and ICT
technologies used will help in proper risk assessment and taking appropriate contingency plans
in much suitable way.
On the other hand, BBP has also provided the proper details of it production or service
providing details with effective planning of the business activities that will improve the quality
of action plans that are been taken in consideration that will impact the overall operations and
objectives that will improve the quality of business activities in much suitable way. The staffing
that is been presented will help then organisation to improve the quality of operations in much
suitable way and thus will lead the organisation to improve the quality of by products and
services that are been taken in consideration by the firm in much effective way.
On the basis of this assessment this can be said that the proper management of both
business plans will pacify the firms to improve their performance and gain a good market share.
However, the details in business plan of BBP makes is moor appropriate than that of AAP.
Financial plan
In respect with analysing the financial performance through budgets made in both project on
which it can be said that, there are various differences in the outcomes of Blue print business
planning Pty ltd. (BBP) and All about people (AAP). Therefore, with this motive there have been
analysis over the estimation of the firm’s performance through the years.
As per ascertaining the planning made by the organisation with respect to make effective
planning and operational analysis over the data base which reflects that the current interest rate
for each three period in AAP will be 10%, long term interest rate will be 7% and Tax rates will
be 30% for last two years (Billingsley, Gitman and Joehnk, 2016). Therefore, this estimation is
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based on analsysing the current consumer requirement in the market as well as capabilities of
professionals in meeting the targets at the right time.
On the other side, in relation with analysing the estimated performance of BBP on which it
be said that, the business has been operating in the consultancy and training activities. Therefore,
there will be requirement of funds in this business as per facilitating the consultancy services as
well as training to the recruited employees on which there will be requirement of making
adequate analysis over the data base.
Projected profit and loss:
In developing the effective analysis over the projected profit and loss planning of the
organisation where determination of effective plans will be helpful in reaching to the productive
growth. In analysing the financial performance of AAP in respective period where they will have
growth in the profitability. It has been analysed here that in the first year there will be operating
loss of -$5212. Similarly, it has reflected the negative outcomes as there will be net loss in the
first year of around -$8257. It is due to the firm is establishing its business in the market which
will require the higher costs to be implicated in the performance. Therefore, there can be various
establishment costs which are comparatively higher than the expected revenue.
Along with this, in the following years the firm has profitability as the operating profit is
reflecting the outcomes as $11275 and the net profit as $6018. As per analysing the profitability
of BBP where it has been analysed that the firm has net profit margin of 2.24%. the BEP of
$101362 and the Gross profit margin of 94%. However, net profit of BBP for the period was
$2320. Therefore, in respect with analsysing the performance of the organisation on which it can
be said that BBP is under performance (Baker and Ricciardi, 2014). Therefore, it is required that
the professionals must implicate more funds in the business as well as make policies for
improving the sales of business. Increment in revenue will ascertain the business to have analysis
ever the data base.
Projected cash flow statement:
As per analysing the outcomes of AAP in the projected cash flow prepared by research
on which there were negative outcomes in the net cash flow of the firm which were reflecting the
unfavourable outcomes (Heraty and McCarthy, 2015). Thus, in the first year they have presented
the negative balance of net cash flow as -$15434, in 2nd year the cash flow has reflected positive
outcome of $11620 and in 3rd year it is $10012. Therefore, as per analysing the outcomes of the
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firm on which it can be said that there were various analysis and outcomes which were reflecting
the outcomes as the business will have comparatively better operational gains.
On the other side, as per analysing the projected cash flow of BBP where the outcomes
determined that there have been positive cash flow at the end of the period. which will be
amounted to $13470. On the first 6 months of the business there were negative outcomes which
were reflecting the deficit in the cash balance of the firm (Seay, Kim and Heckman, 2016).
Therefore, in respect with making operational planning and ascertainment of the operational
needs of the business it can be said that cash flow management of BBP is better than AAP.
Projected balance sheet:
With respect to analyse the balance sheet of the organisation on which it can be said that
there have been use of various techniques and operational analysis over the data base. Therefore,
in analysing the assets and liabilities of the firm on which it can eb said that they are having
variation in the outcomes for each period (Brounen, Koedijk and Pownall, 2016). In the first year
the current assets were $43139, in 2nd year were $65533 and in 3rd year $92221. Similarly, in
respect with analysing the outcomes for the current liabilities of the organisation for the period
were $2761 in first year, 2nd year $3635 and in 3rd year the outcomes were $5747. Therefore,
AAP has to be focused on improving the liquidity of the frim.
The short terms solvency is required to be improved by firm which will help them in
paying off debts. In respect with analysing the financial position of BBP in the respective period
which determines that the current assets in the year were $6000 for cash, $84000 for
superannuation. The current liabilities of the organisation were $100 for Credit cards and $600
for other debts.
CONCLUSION
On the basis of above report it can be said that, there have been comparison made
between AAP and BBP for analysing the financial performance of the organisation with respect
to meet the operational gains. However, as per analsysing the organisational performance which
will be appropriate or making better operational gains. There hade been analysis made over the
operational plan, marketing plan as well as feasibility plan for both the projects. It has been
analysed that BBP has to make increment in the financial performance.
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REFERENCES
Books and journals
Baker, H. K. and Ricciardi, V., 2014. Investor behavior: The psychology of financial planning
and investing. John Wiley & Sons.
Billingsley, R., Gitman, L. J. and Joehnk, M. D., 2016. Personal financial planning. Cengage
Learning.
Brinckmann, J. and et.al., 2015. OF THOSE WHO PLAN: A META-ANALYSIS OF THE
RELATIONSHIP BETWEEN HUMAN CAPITAL AND BUSINESS PLANNING
(SUMMARY). Frontiers of Entrepreneurship Research. 35(3). p.6.
Brinckmann, J. and Kim, S.M., 2015. Why we plan: The impact of nascent entrepreneurs'
cognitive characteristics and human capital on business planning. Strategic
Entrepreneurship Journal. 9(2). pp.153-166.
Brounen, D., Koedijk, K.G. and Pownall, R.A., 2016. Household financial planning and savings
behavior. Journal of International Money and Finance. 69. pp.95-107.
Gabler, C.B. and et.al., 2017. Developing an environmentally sustainable business plan: An
international B2B case study. Corporate Social Responsibility and Environmental
Management. 24(4). pp.261-272.
Heraty, N. and McCarthy, J., 2015. Unearthing psychological predictors of financial planning for
retirement among late career older workers: Do self-perceptions of aging matter?.Work,
Aging and Retirement. 1(3). pp.274-283.
Hopp, C. and Greene, F.J., 2018. In Pursuit of Time: Business Plan Sequencing, Duration and
Intraentrainment Effects on New Venture Viability. Journal of Management
Studies. 55(2). pp.320-351.
McKenzie, D., 2017. Identifying and spurring high-growth entrepreneurship: Experimental
evidence from a business plan competition. American Economic Review. 107(8).
pp.2278-2307.
Seay, M. C., Kim, K. T. and Heckman, S. J., 2016. Exploring the demand for retirement planning
advice: The role of financial literacy.
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Watson, K., McGowan, P. and Cooper, S., 2016. Reimagining the extracurricular business plan
competition through the incorporation of effectuation.
Online
Employment Agency Business Plan, 2018. [Online] Available Through : <
https://www.bplans.com/employment_agency_business_plan/management_summary_f
c.php>
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