Business Case Proposal for Young Entrepreneurs Grant - MAN204 Project

This business case proposal outlines a project designed to provide funding to deserving entrepreneurial students. The proposal includes an executive summary, introduction, and overview of the project, detailing the value proposition, project requirements, assumptions, and constraints. It presents a cost-benefit analysis, identifies major risks and mitigation strategies, and provides a project timescale. The proposal aims to analyze students' capabilities to manage the funding and offers a better future for them. The project focuses on providing loans to students for their business activities. The funding criteria, key analysis, and state of the value proposition are discussed in detail. The project requirements, including resource management and risk mitigation, are outlined to ensure project success. The cost-benefit analysis demonstrates the financial viability of the project, while the risk assessment identifies potential threats and mitigation strategies. The project aims to support the growth of student businesses, increase startup rates, and benefit the Australian economy by fostering new business ideas. The conclusion summarizes the key findings and recommendations, and a bibliography provides a list of references.

Business case proposal for Young Entrepreneurs Grant
Name of the Student

1
BUSINESS CASE PROPOSAL
Executive summary
The aim of the report is to provide funding towards the deserving entrepreneurial students.
Project aims at focusing on providing funds to the entrepreneurial students so that they can carry
out their business activities. There are certain criteria based on which the students and their
business projects will be selected. The project proposal is designed for the purpose of analyzing
whether the students are capable of these the funding or not. Hence the aim is to offer a better
future towards the students. It can be stated that with the use of this funding project it will
become easy to provide better facilities towards the students.

2
BUSINESS CASE PROPOSAL
Table of Contents
Introduction......................................................................................................................................3
Overview of the project proposal....................................................................................................3
Key analysis.....................................................................................................................................4
State the value proposition...........................................................................................................4
Project requirements........................................................................................................................5
Requirements for the project.......................................................................................................5
Assumptions for the project.........................................................................................................6
Constraints for the project...........................................................................................................6
Cost benefit analysis....................................................................................................................6
Major risks...................................................................................................................................9
Risk mitigation...........................................................................................................................10
Time scale..................................................................................................................................11
Conclusion.....................................................................................................................................13
Bibliography..................................................................................................................................14

3
BUSINESS CASE PROPOSAL
Introduction
The project objective is to design a project proposal for starting the loan facilities that
will be provided towards their entrepreneurial student. With the help of these funding projects it
will become easy to fulfill the dreams of starting a new business for several students. It can be
stated that by the end of this project it will become easy to understand the people that are capable
of achieving the funding scheme. The funding will be provided based on certain criteria that will
be evaluated at the execution time.
Overview of the project proposal
The funding project is designed for the purposes of providing small business loans
towards the deserving students so that they can start up their business. This type of loan will help
in expanding their current business as well as will provide better ground for starting a new
business towards entrepreneurial students. Funding projects are designed for the purpose of
contributing towards the growth of business by increasing the level of startup according to
highest level of competition in corporate world. Therefore, it can be stated that with the help of
funding activities it becomes easy to stabilize the business of startups. The government of
Australia business finance Centre is ready to offer certain amount of business loans towards the
internal student. However there are certain parameters based on which the funding will be
provided to words the students. This includes the business should be associated with Australia, it
must be unique in the world that is it should not be your franchisee, the business must be
completed within one year and the budget should be between $20,000 to $40,000. It is important
for the student to provide proof that this is the only funding that they are receiving for their start

4
BUSINESS CASE PROPOSAL
a business. Every component of a startup or current business must be discussed with the
government so that it becomes easy for them to provide it with the loans. Based on these
parameters, the student will be provided with funding so that they can develop their business.
Key analysis
State the value proposition
Funding project is considered to be one of the most important projects for every
organization. The main reason behind this project is to offer better support towards
entrepreneurial students so that they can excel in their first business or can expand their current
business ideas. It is expected that with the help of these project, government will be able to
provide a small support towards every viable student. The objective is to provide efficient
support for improving their overall business performance.
It has been observed that the new entrepreneur faces several challenges while starting
their business or for expanding their business. Due to lack of proper funding it has been observed
that several students failed in pursuing their dreams. Thus in order to provide them with proper
support it is important to design a funding project that will be capable of enhancing their
business capabilities.
With the help of this project it is expected that the community of students will be highly
benefited. They will be able to start up their own business idea with proper funding. However it
is important for every student to ensure that the business idea is for Australia. With the help of
this funding it is expected that the students will be capable of achieving their dreams.

5
BUSINESS CASE PROPOSAL
The project is designed with high expectations for managing the overall facilities offered
towards the students. It is expected from the project that it will be capable of fulfilling the
dreams of all the entrepreneur students, they will be capable of meeting their goals and Australia
will be benefited with the new emerging business ideas. This will help in increasing their
economy rate and will also have young entrepreneur student in the market.
Project requirements
Requirements for the project
In order to carry out a funding project it is important to manage the requirements
efficiently. With the help of these requirements it will become easy to carry out the funding
project. There is a need to identify the key requirements that are essential for executing the
project successfully. The key requirement that and associated with the funding projects are listed
and described below:
 Finding limit reconciliation: It is important to manage the cost at the early stage so that
the funding project can be carried out successfully.
 Requirement documentation: before implementing the project it is important to prepare
proper requirements within a document so that it meets the needs of the project.
 Resource managing: it is important to manage the resources such as hardware, software
and manpower that will be needed for executing the project successfully
 List of entrepreneur students: it is important for the project manager to achieve the
student details along with their past records and with the ideas so that they can be offered
with proper funds.

6
BUSINESS CASE PROPOSAL
 Management: Estimating the overall cost and identifying the schedule and determining
the project components effectively.
The resources that are needed for successfully developing the project are listed below:
Resource Name Type Std. Rate
project manager Work $39.99/hr
sponsor Work $42.00/hr
organizer Work $32.00/hr
hardware Material $10,000.00
software Material $20,000.00
data analyst Work $29.06/hr
executive Work $30.00/hr
Assumptions for the project
The project is carried out with all necessary requirements and estimated to be executed
with the pre-determined resources and budget. The project will ensure that every key
components and requirements are fulfilled. Apart from this the project will be developed in such
a way that it becomes easy to manage the data.
Constraints for the project
The constraint that may arise with the project is the budget overrun, and improper
management of the funds. Lack of fund management can lead to impacting the overall funds that
are provided by the government. Apart from this, cases of forgery need to be managed properly
so that only valid student can get the funds.

7
BUSINESS CASE PROPOSAL
Cost benefit analysis
Cost benefit analysis is selected for the purpose of determining the overall cost that is
needed for carrying out the project successfully. Cost benefit analysis is one of the most efficient
business processes that are used for making the decisions effectively. With the use of cost benefit
analysis tool it becomes easy to estimate the overall budget and also ensures that essential
components are managed effectively.
Cost-Benefit - Budget and benefits
Hardware $ 15,000.00
Software $ 25,000.00
Development team salaries $ 15,000.00
Training $ 14,400.00
Total Development Cost $ 69,400.00
Hardware $ 10,000.00
Software $ 10,000.00
Operational Labor $ 6,000.00
Total Operational Cost $ 26,000.00
Approximate salary savings $ 60,000.00
Reduced operating cost $ 40,000.00
Total Benefit $ 100,000.00
Discount Rate Used 6.00%

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BUSINESS CASE PROPOSAL
Project Cost-
Benefit Analysis
Analysis
Variables:
Discount Rate
Used 6.00%
Annual Benefits
$
100,000.
00
Annual
Operational
Costs
$
26,000.0
0
One-Time
Development
Cost
$
69,400.0
0
Year of
Project
0 1 2 3 4 5
TOTAL
S
Economic Benefit $0.00
$
100,000
.00
$
100,000.
00
$
100,000.
00
$
100,000.
00
$
100,000.
00
Discount Rate 1.0000 0.9434 0.8900 0.8396 0.7921 0.7473
PV of Benefits $0.00
$94,339
.62
$88,999.
64
$83,961.
93
$79,209.
37
$74,725.
82
NPV of all
BENEFITS $0.00
$
94,339.
62
$
183,339.
27
$
267,301.
19
$
346,510.
56
$
421,236.
38
$
421,236.3
8
One-Time
COSTS
$
(69,400.
00)
Recurring Costs $0.00
$
(26,000.
00)
$
(26,000.0
0)
$
(26,000.0
0)
$
(26,000.
00)
$
(26,000.0
0)
Discount Rate 1.0000 0.9434 0.8900 0.8396 0.7921 0.7473
PV of Recurring
Costs $0.00
$
(24,528.
30)
$
(23,139.9
1)
$
(21,830.1
0)
$
(20,594.
44)
$
(19,428.7
1)
NPV of all
COSTS
$
(69,400.
00)
$
(93,928.
30)
$(117,06
8.21)
$
(138,898.
31)
$
(159,492
.75)
$
(178,921.
46)
$
(178,921.
46)
Overall NPV
$
242,314.9
2
Overall ROI

9
BUSINESS CASE PROPOSAL
1.3543
Break-even
Analysis
Yearly NPV Cash
FLOW
$
(69,400.
00)
$
69,811.
32
$
65,859.7
4
$
62,131.8
3
$
58,614.9
3
$
55,297.1
0
Overall NPV
Cash FLOW
$
(69,400.
00)
$
411.32
$
66,271.0
6
$
128,402.
88
$
187,017.
82
$
242,314.
92
Major risks
Risks are referred to the threats that may hamper the project performance. Funding
project is very much essential as this aims at providing better support towards the entrepreneur
students. Thus it is important to identify the key risks that are associated with the project. After
the risks risks are identified within the project than it becomes easy to mitigate the risks with
proper solution. The risks that are likely to hamper the project execution are listed below in the
table and are prioritized based on their impact.
Risk name Impact Likelihood Priority
Scope creep Due to improper
management of scope and
object related to the project
it becomes very difficult to
organize the project
components. If the project
team fails to meet the scope
than the overall project will
also fail.
High High
Budget overrun Budget overrun is the issue
that occurs when the team
Medium High

10
BUSINESS CASE PROPOSAL
member does not focus is on
managing the budget
efficiently. Thus there is a
need to manage the budget
properly so that overall
performance can be
enhanced
Lack of knowledge Without proper knowledge
related to project terms and
conditions, it will become
very difficult to provide
proper support towards
project development phase.
Medium Medium
Risk mitigation
Risk mitigation is considered to be an essential component for every project. While
executing a project it becomes very important to manage the risk sufficiently so that it does not
lead to failure of the project. In order to manage the risk it is essential to identify the risk, says
the days, review the controls and control the risk. With the help of these areas to structure it
becomes easy to mitigate the risk. Risk management plan helps in enhancing the overall
performance of the project. This also improves the decision-making factor within the project.
Thus there is a need to have proper risk mitigation strategy that will be capable of removing the

11
BUSINESS CASE PROPOSAL
issues from the project. The risk mitigation strategies that are needed for resolving the identified
issues are discussed below:
Risk name Risk strategies
Scope creep Scope determination is the first phase for executing a project successfully.
For the purposes of mitigating the scope creep issue it is important for the
project manager to highlight the scope and to set up proper objective
towards the project team members. This will ensure that the issues are
mitigated.
Budget overrun Budget overrun is the issue that arises when there is no fixed budget set by
the project manager. Thus in order to manage the budget it is important to
set a budget at the execution phase. These are important to follow the budget
while carrying out the project. This will lead to minimize the risk that arises
with budget overrun.
Lack of knowledge At the Starting of the project it is important for the project manager to
inform all the team members about the key components related to the
project. Before giving any finding to any student it is important to review the
documents properly so that it does not cause any issue afterwards. The fact
needs to be evaluated effectively for proper management of the funding
provided by the government.