Stakeholders Involvement, Financial Management, Revenue Forecast, Profit and Loss Projection - Assignment Example

The paper “Stakeholders Involvement, Financial Management, Revenue Forecast, Profit and Loss Projection” is a bright variant of a finance & accounting assignment. Developing a new business requires that the management looks towards working on the different aspects of the business so that based on it proper strategy which will help towards determining the manner the success of the business will be achieved can be made. This report looks into developing a new business in the service sector where the focus is on providing organic food to the customers through the restaurant to be called by the name Studio67 and will be opened in Australia. This report looks to present the financial analysis along with the different budgetary requirements and overall process which will help the business to determine the manner they will be able to perform in the market. This will thereby help to understand the manner in which the performance can be improved and the future earning can be estimated.

Description About the business
Studio67 will open a restaurant by this name and will look towards offering organic food that is healthier compared to the other food that is served in the restaurant. This will act as a differentiating factor and will determine the manner in which the business will be able to develop its business. The business is building a new idea of providing customers with food that is nongreasy and nonoily so that customers don’t have to deal with the risk of obesity. Since customer focus towards health has increased it thereby provides an opportunity through which the business will be able to catch on to it and ensure a mechanism that helps to satisfy the customers to a very high extent.

Stakeholders Involvement & Communication
Studio67 has looked towards ascertaining that the business is decided based on the different directives provided by the stakeholders so that the business is able to clearly identify the manner in which the goals will be achieved. This has made Studio67 look towards ensuring that the business is developed by communicating with the different stakeholders like customers, suppliers, employers, and society so that the different factors which have relevance on the business potential and is one of the pre-requisites can be easily fulfilled.