Completed

Business venture plan

Subject Name - Entrepreneurship, Creativity and Innovation

Assignment Type – Business Venture Plan

Total words 1200

APA references ( 10 to 15 references )

Make sure no plagiarism

1. Use the Business Plan template(s) (attached word file)

2. Attached 2 more file for examples. One is restaurant and other

Make sure, in examples files, you have whole Business Venture Plan but you must think about the below points only ,, ( It means, you have to think about below topics only ,, not a whole business venture plant that i attached file as Business Plan Template )

Topic – We are going to open new Restaurant in Perth, Western Australia, Australia.

Key personnel

1. Recruitment options

[How do you intend on obtaining your required staff? Advertising in the local paper, online advertising, and/or training current staff members?]

2. Training programs

[Are there any training programs you will be organising in the event you cannot find the required skills? Are these in-house or external providers? What training will you as the business owner/manager undertake to keep your skills current?]

3. Skill retention strategies

[What procedural documentation will you provide to ensure the skills of staff are maintained? Do you have an appropriate allocation of responsibilities? How are responsibilities documented and communicated to staff? What internal processes will you implement to regularly check that the current skills of staff members are still appropriate for the business?]

Innovation

1. Research & development (R&D)/innovation activities

[What R&D activities will you implement to encourage innovation in your business? What financial and/or staff resources will you allocate?]

2. Intellectual property strategy

[How do you plan to protect your innovations? List any current trade marks, patents, designs you have registered. Do you have confidentiality agreements in place?]

Insurance

1. Workers compensation: [Provide details if you have workers compensation insurance? This is mandatory if you have employees.]

2. Public liability insurance: [Provide details if you have public liability insurance? This covers any third party death or injury.]

3. Professional indemnity: [Provide details if you have professional indemnity insurance? This covers any legal action taken out as a result of your professional advice.]

4. Product liability: [Provide details if you have product liability insurance? This covers any legal action taken out as a result of injury, damage or death from your product.]

5. Business assets: [Provide details if you have insured your business assets in the event of a fire, burglary, or damage? For example: building, contents, motor vehicles.]

6. Business revenue: [Provide details if you have insured your business in the event of business interruption where you cannot trade because of a particular event and are unable to make money?]

Skills: Article Writing, Business Analysis, Business Plans, Business Writing, Research Writing

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