BSBFIM601 Assessment -1 (1)
Start Up Capital
Scope of Growth
People are more and more worried about their disposable income and making sure that they will have enough money to survive, as the economy of Australia is getting stronger and the prices are inflating at a fast pace. However the high income business people will also have increased income making them able to afford more luxury services. This will benefit the company a lot and make the target market more likely to spend money of these services.
The customers will be attracted to the massage shop because it is very traditional, and Australian’s are becoming more and more interested in Thai culture and traditions. The company will get a lot of repeat customers as the quality is high and the service is effective.
Detailed financial information
The return on investment will reach the breakeven point in slightly over 1 year time. In the first year SABAI DEE THAI MASSAGE AND BEAUTY SHOP PTY LTD is estimated to receive close to $100,000. With the investment of $100,000, the return on investment will reach breakeven point in the roughly 1 year. This is extremely fast and effective.
Profit and Loss Statement
For the first year ending July 2018
Break Even Analysis
BE = FC/CM
Breakeven = Fixed Cost / Sales price per unit – variable cost per unit
Average customer spends $80.
Cost including rent, wages, utilities, advertising, insurance, etc. is $50
= 22,500 / $80 – ($50)
= 22,500 /$30
= 750 customers
Expected Cash Flow Statement
Negotiation is the process of reaching a mutual agreement; in this case the institution and the sponsor are agreeing on the payment terms of a contract or other legal document. During budget negotiations WCMC/NYP and the sponsor propose and counter-propose line item costs to arrive at a mutually agreeable budget. The objective of the negotiation is to end up with an appropriately funded trial. As you begin negotiating it is important to be prepared and knowledgeable about the clinical trial. Advanced planning, preparation and patience are key skills in a successful negotiation.
Delegation of Responsibilities
Data Collection and Management
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