Your task in this Assignment is to act as a consultant to a hypothetical business. Periodically throughout the semester, the business will come to you with questions and problems and will seek your advice on a range of different matters associated with the business. You will make regular submissions which will comprise your advice to the client. You may find that sometimes the client will take your advice, while other times they may not. That is the nature of consulting.
The nature of the tasks will closely follow the weekly topics in this subject. For Parts Ito 6 of the Assignment, you will receive feedback on your submission. Your final submission will include all seven parts of the Assignment, including Part 7 as well as resubmission of Partslto 6. You are free to modify Parts 1 to 6 based on the feedback you have.
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Business Name - Smart Home Pty Ltd
Products: Prefabricated homes
Your Task -
You are a business consultant. You have just taken on a new client, Smart Home Pty Ltd, a manufacturer of prefabricated homes. You should basically assume your client is the business described in Assignment 1, except that, irrespective of the business structure you recommended, the client has decided to set the business up as a private company.
Your client has just begun the process of setting up this business. A business plan has been produced, the target market identified, raw materials sourced and manufacturing premises located. The next step is to figure out how to finance the business, and the client has come to you for advice.
Write a report for your client outlining the various types of finance available generally to any business, both in the start-up phase and to finance ongoing expansion. Briefly describe the main features and characteristics of each source of finance. You should not go into excessive detail. Remember that this is a business report it needs to be concise so that the client can glean the necessary information without excessive reading. The client wants to understand enough about each source of finance in order to determine its applicability to his business. This should be seen as background to your advice.
The main focus of your advice is to recommend the most appropriate sources of finance for THIS business, given its particular size and characteristics. For the purposes of this exercise, if there is something you need to know about the business in order to finalise your recommendations, make an appropriate assumption, but be sure to specify all assumptions in your submission.
The client is in the start-up phase of the business, so you should initially focus on sources of finance appropriate for that phase of the business's life cycle, but in order to provide a quality service to your client, you should also recommend the best sources of finance for future expansion of the business.
DESCRIPTION OF TASKS FOR EACH PART OF THE ASSIGNMENT
Part 1 - Financing the Business Data provided
Your client has approached you about a business the client would like to start. You will be provided with basic information about the client's proposed business.
Tasks required
- Describe and discuss the various sources of finance available to the business, both in the starting up of the business and to finance future expansion.
- Explain the advantages and disadvantages of the different sources of finance in different situations.
- Make specific recommendations as to which sources of finance would be best for this business, both in the starting up of the business and to finance future expansion.
Attachment:- Business Plan.rar