Research Plan Assignment Example | Topics and Well Written Essays - 1250 words

Research Plan - Assignment Example Basis for Violent Crimes Committed by Teenage Offenders Thesis Statement The statement for this thesis is to conduct research that presents why youthful offenders, aged 18 and under, commit the violent crimes they do, such as murders of old people and babies, and to determine what effective punishments will curb these crimes. The criminal justice system currently provides a certain leniency in punishments for youthful offenders in order to try and rehabilitate them, assuming they are, at a young age, not capable of making informed judgments for their actions. The impact of youthful offenders on the criminal justice system is that there are younger offenders committing more violent crimes than ever before, thus taxing the criminal court system as well. It would appear that current judgments made against young offenders, do not deter them enough so that they would move away from the environment that assists or encourages them to commit these crimes. Communities are also stressed becaus e rehabilitative services operate on limited budgets and, with an overload of cases, care and attention will also be limited. In the community itself, people are more afraid because, with youthful offenders, one cannot always protect oneself against younger criminals because laws also protect the young against abuse. Hypothesis The statement of prediction for this issue is that â€Å"if you are a younger offender, bent on violent crimes, you will not be punished the same way, or as severely, as adult offenders.† This hypothesis will examine the causes of violent crime by youthful offenders, such as poor economic circumstances, negative friendships, lack of parental supervision, and lack of educational or sports activities outside of home and school. The effects of this hypothesis will be the impact on the criminal justice system in overcrowded juvenile courts, punishments without efficient rehabilitative services, and whether criminal sentences are severe enough for violent c rimes, such as murder. An added effect is the impact on communities who are fearful of living in their homes because of these crimes, who will also take more advanced measures to protect their own, if the police cannot be relied on. Accordingly, the variables will be: causes-poor economic background, negative friends, no adult supervision, no outside activities, and for effects: overcrowded justice systems, inadequate rehabilitative services, too lenient sentences, and fearful communities. Measurement and Analysis Study Design – The study design is a quantitative literature review of cases and research studies, utilizing secondary data for descriptive analysis. The data searched for will be found in research studies, criminology reports and government databases. The data, reflecting the variables listed in the hypothesis, will be used in creating a new analysis of the problem which can identify solutions, based on results. All research studies and cases will be no older than 10 years. Sample – The sample will consist of youthful offenders from age 18 and under, found in secondary literature research. The review will also include, wherever possible, the judge’s decision in these case studies, and why the judge gave the decision for the offender. The descriptive in summary analysis will include gender, age, education, and head of household, i.e. mother or father, or both. The variables will be those listed in the hyp

Critical examination of exchange rate changes on the financial Essay

Critical examination of exchange rate changes on the financial performance of Honda Motors - Essay Example Having clearly outlined the risk management framework for Honda as its financial strength pillar, it is important to highlight the limitations in achieving results with such policy initiatives. According to Guay and Kothari, there is a huge â€Å"difference† between the amount of money that a firm wants to hedge with derivatives, and the amount that it actually succeeds in hedging. In previous section, we discussed the relative importance of different hedging options for Honda’s case. But, it is not an easy route as it is fraught with some practical limitations, which we shall study on an individual case by case basis. 1. Continuing with financial instruments as primary safeguards: Three major problems with financial instruments are inconsistency, asymmetry and indeterminacy. Inconsistency refers to the wide gaps in hedging schemes with a complicated web which can make auditing a difficult task. Asymmetry refers to the unreliable nature of the entries itself, and indete rminacy refers to the probability of fraudulent data entry. If these problems with financial instruments are not sorted out in the beginning itself, it could lead to a colossal financial disaster, the likes of Nick Leeson.

Consumer Behaviour Essay Example | Topics and Well Written Essays - 2000 words - 7

Consumer Behaviour - Essay Example It is highly important for the organization to examine and understand the nature of consumer behavior so that the organizations can offer products and services considering the needs of target customers. Flagship brand stores are gaining huge popularity in the world due to growing demand for this shopping culture and behavior. Now-a-days, the concept of flagship brand store is changing significantly. Currently, retailers are refining the concept of the flagship brand stores to the themed retail flagship brand stores. This strategy helps people to do shopping with sheer entertainment. This essay will try to discuss about a sports themed pub situated in Central London. In addition to this, the essay will also analyze the symbolic meaning of sports themed pub. London can be considered as one of the happening places in the United Kingdom. Moreover, people of this area love to watch different sporting events. Cricket and English Premier League are the popular sporting events in the United Kingdom. People of UK love to spend their leisure time by watching these sporting events and they also love to spend their valuable time behind this. There have been significant upsurge of economic expansion of sports in Western culture (Barker, 2012, p.7). These sporting events have extensive opportunities to stimulate far-reaching, capability building and environmental awareness for economic, social and environmental growth. The concept of opening sports themed bar has been developed by contacting the local chamber of commerce. The marital status, income level, gender and age of customers within the locality also have been considered in this concept development process. One of the improved popular venues by marketers for building consumer relationship is the flagship themed brand store (Cheverton, 2006, p.77). Furthermore, it is believed that retail market has become more fragmented and diverse than that of giving consumers overloaded

Ballistics Research Paper Example | Topics and Well Written Essays - 2000 words

Ballistics - Research Paper Example o empirical evidence to back up this claim that criminal cases have been affected because the jurors are now more well-versed in Forensic Science through these television series—making it more difficult to get a guilty verdict as jurors require more forensic evidence—a study has been conducted on 1027 jurors that show that â€Å"46 % expected to see some kind of scientific evidence in every criminal case† (Barak, Kim and Shelton, 2006 as cited in Shelton, 2008, p. 5). Now, because gun-related crimes continue to rise since 2002, with 68% of murders in the United States in the year 2006 being committed with the use of a firearm, it can be said that much of the scientific evidence being expected by jurors relate to ballistics, which is a specialized area in the field of Forensics (National Institute of Justice, 2010, para. 2). In fact, the study on â€Å"the CSI Effect† found that â€Å"32 % expected to see ballistic/firearms laboratory evidence in every criminal case† (p. 5). This introduction into Forensic Science and Ballistics does not only highlight their key role in crime-solving, but also emphasizes the role of scientific evidence in serving justice. It can be said, then, that no matter how the television series may have exaggerated some aspects of crime scene investigation, like the time the evidence is processed, it cannot be refuted that the field of Forensics and Ballistics play crucial roles in the criminal justice systemâ €”CSI Effect or not. Having established the importance of Forensic Science and Ballistics, I will now outline what this paper will contain. In the course of my paper I will provide background and history of the field and I will then examine the many changes undergone by ballistics in the 20th century. Case studies will be examined to highlight the points that I will be making. I will then conclude with some thoughts as to where the field may go in the future. Forensic Science, most commonly known by its shortened name of Forensics, is

System analysis Essay Example for Free

System analysis Essay As system analysts to ensure I. R. C get the job done I am going to introduce the three basic and main steps. These are Input, Process and Output. The first step will be using Inputs such as keyboards, mouse, scanner and many other inputs. The keyboard allows me to input and type text about special features and offers which I can include in the newsletter or the flyer to promote and advertise my business. It allows me to store information about the customers and there order details . The mouse has many features such as allowing me to point and click in a certain column and also editing any mistakes made. The mouse lets me insert images in to the newsletter and also copy any text to add information regarding the image. While creating the business card I inputted my logo using the copy and paste option from the mouse. I inserted text in the newsletter and also some images which showed the customers the quality of our service. I achieved this through the special features of the inputting devices. The process illustrates how I went about creating the newsletter in order to promote I. R. C. I will be using a catalogue wizard in microsoft publisher as a guideline to go about and set up the layout of the newsletter. The text that is already present in the box, I will use as a guideline so that I know what text to insert in the appropriate place. I Yasin Mirza 1/1/05 will first change the layout of the guideline to match the requirements of I. R. C and then edit the appearance of the colours and the text. I will be using the mouse to insert images which have already been saved on to a floppy disk. I will be using word art to highlight special offers and subheadings this will enable me to make these stand out and change the colour, size, font and style of the text to make it more appealing to the readers. Using microsoft publisher I am able to add a special feature in the newsletter which allows me to have the choice of adding a coupon and a box for customer details. The Output such as the monitor and printer shows the newsletter in its early/late stages of development. The monitor will display the newsletter and I will be using the printer to print out the draft of the newsletter. If I am unsatisfied with the result and quality of the newsletter I can then go back and edit the problems. I can then view the corrections made on the monitor and then print it out again. As an option feature I intend to place the newsletter online on I.R. C s website and the speakers act as an output and the speakers can be used to listen to music and sounds on the site developed by flash software. The company will use floppy disks, cd- roms, and portable hard drives to store and backup information. Floppy disks will be used to store general specifications and receipts. The portable hard drives will be used to store customer and payment details as well company software as the portable hard drives have a vast amount of storage space. The PHD (portable hard drive) is a ideal backing up device as in an emergence if Yasin Mirza 1/1/05 I. R. Cs system becomes damaged in some way then you can transfer the work on to the phd. The cd-roms will be used to store back up information from the floppys. To ensure unauthorised access each member of staff will be given a general user name (staff) and separate password which will allow them to access, edit and view customer, payment and specifications details. To increase security and ensure data integrity (data is not deleted by any random user) we will give admin authorization to managers with a separate username and password to have all system which allows them to access and view, add and delete any details regarding customers.

Peace Essay Example for Free

Peace Essay Christianity and Islam have similar teachings on peace and it is evident that there is a strong relationship between these fundamental teachings and the ways in which the religious traditions and their organizations actively strive towards world peace. World peace is understood in both faiths, not just as an absence of violence and conflict, but also as an overall sense of wellbeing and social cohesion. Inner peace is essential in achieving world peace, and must be attained in order to work towards peace at a higher level. Christianity teaches that peace is Christ’s parting gift and a concept that begins with Him, â€Å"Peace I leave with you; My peace I give you† (John 14:27). The Catholic peace movement â€Å"Pax Christi† stands for the ‘peace of Christ’ and has launched a policy for a culture of peace and non-violence. â€Å"Pax Christi† uses the teaching of the peace of Christ to guide them, calling adherents to state that they are recognizing their responsibility to â€Å"respect life†¦practice active non-violence [and] defend freedom† (Pax Christi International Manifesto for a Culture of Peace and Non Violence 1999) in order to contribute to the achievement of world peace. Islam teaches that peace can only be attained through the submission to Allah’s will. One is able to submit to Allah through the process of jihad, which is to struggle to overcome the obstacles in the way of submission, or the process of Shahada. The Sufism movement provides Muslims with a path to follow in order to contribute to the attainment of world peace through 3 stations. These mirror the teaching that peace can only be found in Allah, encouraging the submission as the initial step in moving towards world peace, â€Å"Submitting our†¦bodies to Allah is Sufism† (Sufism Equals to Islam). The teaching of submission and anticipation of pleasing Him, establishes a Muslims role in actively working towards achieving world peace. The Quakers are a Christian denomination that follows the principal teaching of pacifism, as modelled by Jesus’ ministry. Christ’s teaching of the Beatitudes is fundamental in guiding the Quakers, especially in â€Å"Blessed are the peacemakers† (Matthew 5:9). The Quakers work towards world peace through things such as rallies and marches for peace and justice, as well as campaigning and raising awareness about social justice and supporting those looking for an alternative to violence. The Quaker’s choice to refrain from war to contribute to world peace can be seen by their silent vigils against war, such as that in King George Square. In 1660, the Quakers presented â€Å"A Declaration from the Harmless and Innocent†¦Quakers†, which has been the basis for the Quaker’s peace testimony in which they strive towards attaining world peace. Rufus Jones, a Quaker, stated that Quakers have an â€Å"obligation to assist and to forward movements and forces which make for peace in the world† (The Quaker Peace Position). Peace is a fundamental aim of Islam and teaches that war is only permitted to overcome oppression and tyranny. The Qur’an teaches that â€Å"whosoever killed a soul†¦it is as if he had killed all mankinds† (Al-Madiah 5:32). However, this is overlooked due to common misconceptions about the Islamic faith, especially due to exploitation by the media. After the violent aftermath of the London bombings in 2005, the NSW Islamic Council stated on their website, â€Å"We firmly hold the view that these killings and atrocities have absolutely no sanction in Islam†¦terrorism†¦has no support from†¦the Islamic community†¦and would never be endorsed†. Partnerships exist between Muslim, Jewish and Christian organizations so that their voices aren’t overlooked, for example the 1991 ‘Prayer for Peace’ in which it was asked, â€Å"Forgive our violence towards each other†. Even though overlooked by the media, Muslims work tirelessly towards world peace. Christianity expresses that justice must come before peace is achieved. In 1972, in the World Day of Peace Message, the Catholic Pope Paul VI said, â€Å"If you want peace, act for Justice†. Accordingly, the Decade to Overcome Violence (DOV), seek peace, justice and reconciliation. In a report titled, â€Å"Called Together to be Peacemakers†, Catholics and Mennonites hoped to work together to assist the WCC’s DOV, stating, â€Å"Our similar identities as ‘peace churches’†¦our commitment to be followers†¦of Jesus Christ†¦Prince of Peace. † They quote John Paul II in the World Day of Peace (2002), â€Å"no peace without justice†, adding, â€Å"in the absence of justice†¦peace is a mirage†¦justice is an inseparable companion of peace† (CTBP 177). It is evident, the relationship between the doctrine of justice before peace, and then the actions to chieve this to strive towards world peace. The Qur’an teaches that, â€Å"Allah guides those†¦to the ways of peace†¦and guides them to a straight path† (5:16), often termed ‘the paths of peace’. This teaching of being guided on a path of peace is demonstrated by the organization Muslim Peace Fellowship, declaring on their website that their main objectives are to â€Å"work together with all people of good will to keep open the straight path† and to â€Å"work against injustice and for peace†¦in our world† (Muslim Peace Fellowship Blog). This organization actively seek world peace through the use of conferences, publications, speeches and interreligious action, as well as interior work and prayer. Evidently, principal teachings in both Christianity and Islam help to guide and encourage both their roles in the attainment of world peace. The fundamental teachings act as guidelines to be interpreted by current followers in order to play a role in the triumph of world peace. There is a strong correlation between the theoretical principal teachings and he actions performed by leaders and adherents to gain peace at a world level.

Bella Fleur Wedding Reception Venue Analysis Marketing Essay

Bella Fleur Wedding Reception Venue Analysis Marketing Essay EXECUTIVE SUMMARY Business description and ownership Bella Fleur is a wedding reception venue specializing in classy and entertaining weddings for all cultures and ages (legally of course). I will be the owner of this business, and as a sole trader I am willing to try hard to assess all aspects of a business in this business plan in order to avoid involuntary cessation. I have chosen this legal structure for my business because the decision making aspect will be easier and also conflict between owners of a business that arises during decision making is avoided. As the business grows, if needed I will be able to change the legal structure to something more suitable for the situation. There will be a cultural Lebanese aspect to the venue which will add the entertaining purposes of the weddings. This culture has been held as an inspiration and will evolve in the different services offered by the venue such as foods, entertainment and sometimes decorations. Bella Fleur will offer many options/preferences as well as services and facilities to the client. Bella Fleur does not only offer services during the reception, but also leading up to the wedding. Qualified staff members are available full time to make any couples WHOLE dream day a reality rather than the dream party alone. The wedding reception venue will be located on the main road of one of Sydneys Eastern Suburbs, Double Bay. The address of this business is; 64 Bay Road, Double Bay. I have chosen a visible location and so the promotion of the venue will be quite an easy task. Bella Fleur is part of the services sector of businesses in Australia as the prime function is to organize and host a wedding for any kind of clientele. The services provided by the wedding reception venue include; wedding planners, waiters, entertainment, MCs, Bella Fleur catering, bartenders, cars and all things that are needed to ensure the bride and groom have the perfect day. Purpose of Plan- The purpose of this business plan is to help Bella Fleur Wedding Reception Venue to prevent failure. Many goals will be put in place in order to give the business a main path to follow and things that will be needed to achieve. Some of the goals placed by the business owner (Maya Geagea) include; The social goals Ensuring that all members of the community are offered with a variety of options in order to create the perfect function Offering a diverse range of services to community members The financial goals Expanding the business over a certain timeframe Ensuring that all debt finances are of minimal occurrence Gaining a sufficient profit The personal goals Being successful Creating good consumer awareness Gaining sufficient profits and minimal debts Situational Analysis Strengths Excellent Reputation Good contact base Excellent management skills Excellent quality services Extensive knowledge of the industry sector Highly qualified staff base Weaknesses Lack of consumer awareness Entrepreneurship Minimal startup capital Size of venue Opportunities Extra services will become available Growing economy Expanding locations Competitors suffering financial problems and looking to sell their business Threats Competitors Decreasing economy Increased inflation Increasing service prices Business Objectives and Strategies Objectives Strategies Provide the Bride and Groom with everything they need to make their day perfect Develop a professional, qualified staff base Ensure all services available are provided correctly Ensure that entertainment is always changing. Develop a loyal clientele base Work well with all clients Ensure that the bride and groom and all the guests are all satisfied Be consistent with all clients and ensure that all treatment is fair Add extra services to the business Research extra services that a venue can provide (2 months) Develop the new services (4 months) Have new services tested and running at full capacity (5 months) Quality Rating Complete a survey of how well the business and staff has operated with clients (3 months) Improve and use these surveys as critical analysis and new objectives (3 months) OPERATIONS Operations Description of goods and services All production facilities for the services offered by Bella Fleur will be located at the same site of Bella Fleur. Bella Fleur not only offers a venue for a wedding reception to be held at but also offers planning services to the Bride and Groom. These include services such as; Entertainment This includes DJs, bands, dancers, and all types of entertainers to ensure that the bride/groom as well as the guests experience a memorable and enjoyable night. Decorators Professional decorative designers who will decorate not only the reception, but also the ceremony location in order to create a coherent environment. They will be in charge of the table cloths, chair covers, foyer decorations, centre pieces, chair sashes, bridal table design, backdrop, fireworks and anything else selected by the bride and groom. Chefs Chefs will ensure that the Bride Groom are provided with their dream wedding banquet and all guests appetites are fulfilled. They will also be in charge of preparing the food for the bridal partys picnic while taking photos after the ceremony. Waiters the waiters must ensure that all tables are adequately taken care of and guests receive all they ask for. The head waiters will attend to the bridal partys needs regarding food and drinks on the night. Drivers Cars The Bride and Groom will have a wide selection of cars in order for them to be able to choose their preferred transportation on the big day. This will include cars for the bridal party and also a getaway car for the bride and groom. A picnic lunch is also available with any car selection provided by the kitchen at Bella Fleur. The bride and groom may choose to speak personally to the car company or have the confrontations done by the venue. MCs the bride and groom will have a choice of one or two MCs on the night, which will be chosen from a list of five entertaining public speakers. Flowers The bride will be able to choose from a wide range of flowers and arrangements of all sorts including her own and the bridesmaids bouquets. Once these flowers are chosen, automatically, boutonniere and corsages will be chosen to match the brides choice. Invitations A variety of invitation samples will be shown to the bride and groom and they will be able to choose their favorite invitation base, and alter any decorations on the invitation. **It is optional for the bride and groom to choose to work with a wedding planner. ** The Above services are available at the request of the bride and groom. Personnel Requirements and skills Waiters 10 waiters will be employed overall. Depending on the size of the function, the number of waiters asked to work will vary. No qualifications will be needed from the waiters; however it is preferable that they have worked in some sort of restaurant before. During induction, waiters will be taught the proper way of setting out wedding arrangements for the tables. Wedding Planners Two wedding planners will be employed. The wedding planners must be qualified in the areas of events management. The wedding planner is expected to have completed the events management course. They are required to speak fluent English and also a second language is highly preferred. Wedding planners should be able to communicate with clients clearly and be able not only to fulfill all the clients needs and wants at the venue, but also everything they need leading up to the big day. They will be asked to try to relate to the bride and groom and find the suitable options for the Bride and Groom. Kitchen Staff Three chefs and three kitchen staff will be employed. The chef is expected to fulfill all requirements on the basis of food, and also should be able to alternate and always help create an innovative menu. The three kitchen staff will be employed as the chefs assistants, they will carry out jobs such as washing the dishes, cleaning the kitchen, providing the chef with all ingredients etc. Receptionist The receptionist must be able to deal with all kinds of people and communicate clearly over the phone as well as face to face. It is preferred that the receptionist be a woman, and also be able to take care of all book keeping requirements. MARKETING Marketing Market Analysis Bella Fleur Wedding Reception will begin as a small business, targeted mainly at people looking for a versatile wedding and a variety of options. The target market for this business will range from clients looking for somewhere to have their wedding reception to clients looking for somewhere where they can hold a christening. Marriages around Australia are of high occurrence, and therefore the target market for Bella Fleur will be diverse and ever growing. The table below shows the number of marriages over time from 1988 2007. Total marriages 1998-2007 Graph: Total marriages-1998-2007 Bella Fleur wedding reception has a main goal of market expansion. Over the time frame of ten years, this business will hope to expand and become a franchise. In order to do so, customer awareness will need to be gained and further focused on. Bella Fleur will mainly focus on promotion and customer awareness in the month of March. As statistics show, weddings in Australia were found in 2007 that March was the most popular month. This is show in the table below found on; http://www.abs.gov.au/ausstats/[emailprotected]/mf/3306.0.55.001 Months of marriage 2007 Graph: Months of marriage-2007 Competitor Analysis Within wedding reception industry in Sydney, the competitive environment is quite intense and the number of competitors is fairly large. This means that while Bella Fleur will be entering the market place, there may be many competitive advantages as well as disadvantages. Existing competitors leaving the industry could be an advantage while entrepreneurs opening up businesses in this industry could be a disadvantage. For this business, two main competitors have been chosen and analyzed. They are shown below. Competitor Information Strengths of Competitor Weaknesses of Competitor Bella Fleur Strategies THE VAUDEVILLE FUNCTION LOUNGE 176 The River Road, Revesby NSW 2212 Specializes in all functions Prestige Excellent promotion and customer awareness Large Space Many years experience No cultural aspect Doesnt offer as many services as Bella Fleur High pricing Bella Fleur holds a cultural aspect and offers all kinds of services possible for an event. The budget is flexible and works with the clients budget. Bella Fleur is dedicated to gain customer awareness by promotion skills and in time will also expand the business. DOLTONE HOUSE FUNCTION CENTRE 223 Belgrave Esplanade, Sylvania Waters, NSW 2224 Excellent View Prestige Customer Awareness Franchise Large Business Large spaces Many years experience No cultural aspect Focuses mainly on the reception rather than the planning High pricing Bella Fleur holds a cultural aspect and offers all kinds of services possible for an event. The budget is flexible and works with the clients budget. Bella Fleur is dedicated to gain customer awareness by promotion skills and in time will also expand the business. Product Analysis The main function of Bella Fleur will be to provide clients with all specific and small components of a wedding and all other functions. This may be the main function, however this function will vary from client to client as it is a service that is offered rather than a good and clientele diversity is a given in this type of industry. The budget of the wedding reception will depend of the clients budget. For example, if a client is will to spend only a small amount of money on the wedding, different options will be given to this client than the client who is willing to spend millions of dollars. Changes at these times will occur mainly in menu, which room the function will be held in, how many people will be at the wedding and all different small details. At Bella Fleur, concentration will be placed on customer comfort as well as happiness, the customer must be happy with the services we have to offer before they will open up to the staff and ensure that trust is placed in us. A product analysis is not entirely necessary when planning this kind of business as it offers services rather than goods. Price Analysis At Bella Fleur, prices will depend upon the budget of the client rather than the budget of the reception venue. Many different offers and deals will be given to clients ensuring they are able to choose and adapt the services and products in order to create a dream wedding while working around their own budget. Once a client has chosen the deal which they would like to go ahead with, it is the responsibility of the reception venue to then purchase appropriate goods and plan appropriate methods to ensure that a profit will be made rather than a loss. Prices will vary depending on; The menu The seating plan The number of people The services chosen Decorations Changes made to the hall Promotion Analysis As any business, when Bella Fleur wedding reception venue first opens up, the main short term goal will be to gain high customer awareness. This goal will become long term while the business grows. The location of this business assists in developing its promotion and prestige. The business will be advertised in newspapers, wedding magazines, on street signs and billboards. However, this will not be accomplished with the original startup capital of the business. Direct Marketing, Sales promotion and Publicity will all be used in order to promote the business. Place Analysis Bella Fleur wedding reception is located on the main road of one of Sydneys higher class suburbs. The location of this business is of prime importance especially for its promotion. The venue is overlooking a lake and a beautiful natural environment. This gives Bella Fleur a competitive advantage over its competitors who are often placed in areas where no view is available. FINANCE Finances Financial Forecasts Revenue Statement Revenue Statement for Bella Fleur Wedding Reception Venue For the period ending 31st August 2012 $ $ SALES REVENUE 1 450 000 COGS Opening Stock 500 000 Purchases 200 000 700 000 Closing Stock 100 000 Total 600 000 GROSS PROFIT 850 000 EXPENSES Advertising 5 000 Insurance 2 000 Interest to bank 20 000 Decoration Expenses 30 000 Mortgage 4 050 Salaries and Wages 200 000 Telephone 4 000 Kitchen Stock 80 000 Total 345 050 NET PROFIT (before tax) 504 950 Balance Sheet Balance Sheet for Bella Fleur Wedding Reception As at 30 August 2011 CURRENT ASSETS $ $ Cash in bank 500 000 Account Receivable 420 000 Stock (ingredients) 100 000 Total Current Assets 1 020 000 NON CURRENT ASSETS Equipment 2 450 000 Land 700 000 Building Properties 500 000 Total Non Current Assets 3 650 000 OTHER/INTANGIBLE ASSETS Good will (intangible) 300 000 Total Other Assets 300 000 Total Assets 4 970 000 CURRENT LIABILITIES Bank Overdraft 600 000 Accounts Payable 200 000 Total Current Liabilities 800 000 NON CURRENT LIABILITIES Mortgage 3 516 000 Total Non Current Liabilities 3 516 000 OWNERS EQUITY Capital 500 000 Retained Profits 154 000 Total Equity 654 000 Total Liabilities 4 970 000 1.28LIQUIDITY: Current Assets 1 020 000 Current Liabilities 800 000 CRITICAL REVIEW Critical Review As a student, I think that Ive completed this assignment quite well according to the plan of approach. I followed all my deadlines and completed things before the due date. My understanding of what a business plan had to be like expanded during the course of this assignment as I researched and questioned different aspects of the assignment. I struggled with some sections of the assignment which had not been explained clearly during class time, and I struggled to understand the concept just by looking at internet sites and in the text book. This weakness can be seen in the effort put into the sections. The two sections which I struggled most in were; marketing and finances. I found it difficult to understand the set up and what we had to include in these sections and this was shown in the lack of quality in these sections. I feel that I did quite well in this assignment regarding the circumstances that were put to us. I am glad that I met deadlines, however next time, I will try to understand all content before beginning an assignment. Overall, my progress throughout this assignment was satisfactory and I was happy with the fact that I was able to teach myself things and understand concepts which are found to be difficult just by reading over a text book or internet site. However, the quality of the two sections is a downfall for the assignment. My goals for this assignment were; Meet the deadlines Ensure all the work was understood Complete the assignment to the best of my ability I feel that these goals were fulfilled and am proud of this accomplishment. PLAN OF APPROACH PROGRESS AND RESEARCH BUSINESS PLAN BELLA FLEUR WEDDING RECEPTION VENUE 22736094 YEAR 11 Bibliography Le Montage http://www.lemontage.com.au/index.cfm?html=true Nielsen Park Venues http://www.receptionsearch.com.au/venues/NSW/Eastern%20Suburbs/Nielsen%20Park%20Venues/The%20White%20Pavilion Terrey Hills Golf Club http://www.terreyhillsgolf.com.au/guests/guests.mhtml Dockside Groups http://www.docksidegroup.com.au/