Business Plan

Assignment Requirements

 

Finished the excel and analysis it. Also need to write other two points. The location of the company is based on Leicester.

Need to write these three points:

1. Operational Plan: day to day running

 

 

 

 

2. Financial planning and forecasts ( 1 year): Finished the Excel and analysis

 

3. Potential five year development plan

 

 

 

“You must remember that you are seeking money from potential investors. Therefore, you must address the following key questions: (1) How much investment do you require? (2) What percentage equity you are offering in return for the investment? (3) How will the investors obtain a return on their investment? (4) What is the potential financial exit strategy for the investors?”

 

 

 

My company’s name is ‘Butterfly Arts Training’ based out Leicester, UK.

Main sales on the excel:

Sales A: Piano lesson

Sales B: Dance lesson

Sales C: Piano equipment

 

 

 

1. Strengths

Offer piano practise and piano grade test.

Customers can have a discount price to purchase piano through our company.

Butterfly arts training setting multi-session to satisfy the different customer’s request, for instance, film piano music, classical, piano & pop song. And customers can choose whether they want a private session or group session.

Currently, the arts training schools in Leicester are more likely fitness training. (Google arts training, just got 1 result is Embrace Arts which located on the 35 Lancaster Rd, and some people reflected the fees of sessions are too expensive. Then search arts school, Leicester, gained 389 results, and found lots of them are martial arts and taekwondo.)

2. Weakness

The anticipated financial position of Butterfly arts training after 1 year is expected to be at a net loss due to start-up fees and operating.

3. Opportunities

Host events, which like piano competition, in the future when ‘Butterfly’ achieved stable customers. (After 1 year)

Seek for charity organisation funding support.

Attract volunteers who are piano graduate students and have spared time, to guide our customers.

4. Threat

The equipment, piano, it is very expensive and regular maintenance also need cost money. Maybe will affect ‘Butterfly’ development at the period of beginning with the underfunded.

 

 

 

 

 

Human resource

At the top of ‘Butterfly’ are three chief executive officers who oversee the company and head a certain department within the company. [No salary at first year]

These CEOs make the final decisions and give other important conclusions; they have the most power as they manage the company. The Chief Human Resources Officer is also primarily responsible for training and hiring new tutors. The Chief Financial Officer manages the company’s accounting and finances, more specifically the balance of salary, facilities and tuition, while Chief Marketing handles marketing, promotion market positioning.

Numbers of employees: 3

Human Resources

As well as top management, there are middle managers that are known as Tutor Mentors. These Tutor Mentors manage the many tutors for each subject, such as piano practice tutor mentor and dance training tutor mentor. Within ‘Butterfly’, it also has a receptionist, who handles academic advising specialists, student services and admissions.

Numbers of employees: 4

In total, we will employ and compensate the following number of roles accordingly:

Job Title	Hourly salary	Of Employees Required Immediately	Desired of Employees (After 1 year)
Tutor Mentor	£25.00	1	2
Receptionist	£18.00	1	2
Tutor	£22.00	2	6

 

 

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