YR 10 COMMERCE 2019.

The Business Plan is to be done in groups (minimum 2, maximum 4. (5 if necessary)

The BP is to be posted on Moodle by Friday 23rd August. Week 5 B.

The Task will be marked out of 40 and will be weighted at 25% on the Yearly Report.

The following points should be noted;

 The business should be a small business.

 Each group member has $10,000 of personal assets.
 Finance is available from the Teachers Bank to approved applicants at a commercial
rate of 9% p.a. up to a maximum of $50,000 (see your teacher)
 Try to avoid buying equipment or renting premises.
 Try to utilise technology as much as possible, e.g. net based businesses.
 Try to be creative and innovative.
 The Marketing Plan and Financial Plan need to be done in detail (see Marking
Template)
 Groups should allocate areas of responsibility.
 Each group member needs to record details in their own BP Booklet.
 The group leader is responsible for final submission.
 Any group member not co-operating with his group should be reported to the Teacher.

BUSINESS PLAN MARKING TEMPLATE.

CATEGORY Explanation Marks.

Business Name Self explanatory (should reflect legal structure / may not) 2
Prime Function. What does the business do? Describe the product / service
or idea. Good explanation needed. i.e. Fast –food shop 2
not good enough!
Location. Where will the business be located? Why? 2
Legal Structure. Sole Trade, Partnership or Private Company. Why. 4
Business Mission. What does the business want to achieve, reason for 2
existence.
Staffing Number of staff, skills, qualifications, training? 4
Requi’ments Knowledge required of management.
Marketing Plan. Research, SWOT, Target market, promotion. 8
Financial Plan Set – up and /or starting costs, sales forecast, cash flow 8
data.
Future Prospects What is your expectation for the businesses’ future? 2
Appendices. Break-even analysis, floor plans, logos, photos,
promotion material, market research, Revenue Statement, 6
Balance Sheet.

Total 40
Discretionary Deductions.

Types Explanation. Mark

Deduction
Lateness Most students attempt conscientiously to meet the
given deadline, and should not be disadvantaged.
However, there must be a ‘good reason’ for late 1–2
assignments. If not deductions will apply
Plagiarism Direct downloads of the entire plan from the net
will receive zero. Financial tables and diagrams
(usually yellow or orange) re-occurring. This can
be easily identified and for minor breaches there 1-2
will be a 1 – 2 mk deduction.
Lack of effort. As students are working in groups of up to 4, there
is no excuse for lack of detail or evidence of
development of the plan. A deduction of 1 – 2 is
appropriate here. Some students may not have
contributed at all. Group solidarity can be tested 1-2
here as the student (s) who have done the work are
penalised under the ‘lack of effort’ criteria and
may be willing to identify the ‘cuckoo in the nest’.
Where students are identified as contributing very
little a reduced mark may be appropriate.
Finance Each group may borrow up to $50,000. This loan
is from Teacher’s Bank at market rates. Failure to
justify ability to repay loan will result in a 1-2
deduction.
Each individual is allowed personal assets of
$10,000.Silver Spooners excepted, who have
$20,000.
Time Significant time will be allocated during class for
the completion of the BP; however, students will
have to work outside the classroom and will need
to develop a group communications network 1-2
Evidence of student input will be contained in the
individual BP Booklet. Limited details will incur a
deduction for the individual student.
The absence of any individual at any time is not
an excuse!

TPD