Business Title : Al Noor Wellness Resort\nOwners : Amna, Sharifa, and Reem\nBusiness Description : Similar to this international resort http://www.chivasom.com/ \nIt is concerned with losing weight, living a healthy lifestyle and relaxation. Also offering programs and therapy. Staff include doctors, nutritionists and therapists.\nLocation : The Palm Island, Dubai\nYou can also include statistics on obesity , diabetes , … rates in UAE\n*Note: I will attach an example on the structure of both requirements: the business plan and the budget excel sheet.\n————\nRequirements as follows:\nTHE PREPARATION OF A BUSINESS PLAN REFLECTING MASTER BUDGET\nProject Description:\n\nThe project consists of preparation of a comprehensive ‘Business Plan’ on a manufacturing concern based in UAE., and the presentation of the same in class. The financial section of the business plan must reflect the impact of Master Budget. The aim of the project is to impart a solid foundation in advanced Business Plan Analysis using EXCELSHEET.\n\nA business plan exercise must include all financial and operation aspects of budgeting including but not limited to Start-up capital budget, sales budget, collection budget, purchase of raw material budget, cash disbursement budget, manufacturing overhead budget, labor budget, operating expenses budget, cash budget, budgeted income statement and budgeted balance sheet, used in a business plan. \n\nRequired:\n• The ‘Business Plan and Master Budget related to the plan should be prepared in group\n• Each group consists of maximum 5 students.\n• An individual presentation of the Business Plan is a must\n• Based on the UAE environment and the need of the society, each group is required to think of a particular manufacturing concern to start\n• A Business Plan to be prepared on that particular manufacturing concern.\n• A follow up discussion will be conducted each week during the class until the submission of the plan project.\n\n\nBusiness Plan Structure:\n\nWhile preparing the business plan the following matters to be taken into consideration\nExecutive Summary, \nProduct and services, \nMarket &Sales Analysis Strategy and Plan, \nMarket Strategy, \nManagement and Staffing, and \nFinancial Plan\n\nPlagiarism:\nAlthough it’s a take home project, just be aware that plagiarism is a form of cheating. The penalty for plagiarism is a mark of zero and possible expulsion from the unit and/or course of study.\n\n For those aiming a higher grade in the project, students should be able to demonstrate their budgeting skills through various concepts learnt through the course. Work experience of each student can add value as well, if appropriate.\n\nBoth a soft and hard copy of the ‘Business Plan’ should be provided. \n\nNOTE: RUBRICS INCLUDED IN YOUR COURSE SYLLABUS\n\nBook Reference:\nText(s): Garrison, Noreen, Brewer (2012) Managerial Accounting (14TH ed.),Irwin/McGraw-Hill\nReferences 1) Managerial Accounting, Bamber, Braun and Harrison, 2011, ISBN 10 0138129711 / ISBN 13: 9780138129712\n2)Cost Accounting: A Managerial Emphasis, Horngren, Charles T., 2011, ISBN 10: 0131797220 / ISBN 13: 9780131797222 \n\n——————————————-\n\nGUIDELINES FOR PROJECT WORK\n (Business plan for the period starting…….)\nYOU NEED TO PLAN FOR A MANUFACTURING COMPANY\nPREPARE A BUSINESS PLAN FOR THE SAME\nWHILE WORKING ON WRITING A BUSINESS PLAN START EXPLAINING THE FOLLOWING POINTS THAT ARE RELEVANT TO YOUR PROPOSED PROJECT BUSINESS PLAN\nONE OF THE FUNDAMENTAL AIMS OF WRITING THE BUSINESS PLAN TO \nACQUIRE IN DEPTH KNOWLEDGE OF HOW TO PREPARE A FINANCIAL BUDGET. THIS SECTION RELATES TO YOUR STUDY MATERIAL CHAPTER 08- PROFIT PLANNING; PRPARATION OF A MASTER BUDGET.\n………& COMPANY BUSINESS PLAN YEAR\n\nEXECUTIVE SUMMARY\nBusiness Description\nOwnership and Management\nKey Initiatives and Objectives\nMarketing Opportunities\nCompetitive Advantages\nMarket Strategy\nSummary of Financial Projections\n\nBusiness Overview\n1. Business History\n1.1 Vision and Mission Statements\n1.2 Key Initiatives and Objectives\n1.3 Ownership and Management\n1.4 Location and Facilities\n2. Products\n2.1 Description of Products\n2.2 Key of the Products\n2.3 Achievement of the Services provided by the Company\n2.4 Future products\n2.5 Comparative Advantages of the Company\n\n3. Market & Sales Analysis Strategy & Plan\n3.1. Competencies\n3.2. Customers/ Demographics\n3.3. Geographic\n3.4. Demographic\n3.5. Psycho graphic /Behavioural Factor\n\n4. Market Strategy \n4.1. Target Market Analysis of Competitive Position\n4.2. Pricing Strategy\n4.4 Promotion Strategy\n\n5. Management & Staffing\n5.1. Organizational Structure\n5.2. Management Team\n5.3. Staffing \n\n6. Financing Plan\n6.1. Description of Initial Budgets and Financial Needs\n\nAppendix 1: Start-up Capital\nAppendix 2: Sales budget\nAppendix 3: Collection budget \nAppendix 4: Material budget\nAppendix 5: Material disbureseent budget\nAppendix 6: Manufacturing Overhead budget\nAppendix 7: Cash budget\nAppendix 8: Depreciation of Assets\nAppendix 9: Labor budget\nAppendix 10: Operating expenses budget\nAppendix 11: Income Statement budget\nAppendix 12: Owner’s Equity\nAppendix 13: Balance Sheet\n\n6.2. Description of Projected Annual Cash Flow Statement.\n6.3. Description of projected sales revenue\n6.4. Cost of sales\n6.5. Operating expenses\n6.6. Mnaufactring overhead\n6.7. Labor\n6.8. Description of Income Statement\n6.9. Description of Projected Balance Sheet\n
