Business Plan for Fun & Food Bakers in the UK Market

BMM3013

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK ..............................................................................................................................................4
Overview of Proposed Business Idea .........................................................................................4
Evaluation of the External Environment ....................................................................................5
Discussion about the Competitive Advantages...........................................................................7
Suggestions for the proposed Target Market .............................................................................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Business is refers as an enterprise or organization that connected in industrial ,
managerial , commercial and personal and professional activities. Business can be both purpose
for profit or not for profit. Business is consider as an organized activities by an individual or
partnership to produce and sell products and services. The main objectives of business is to
spread their market growth and sustain for a longer period of time in market. There are many
types of business which can be started by anyone like manufacturing, production, services,
merchandise, hybrid. Business structure is really necessary when anyone start business. In
United kingdom, there are four types of business structure follow such as sole trader,
partnership, limited liability partnership and limited company. In this report, a business plan is
proposed for UK market with the name of “Fun and Food Bakers” for the people of London .
For this business plan, its necessary to analyse the external environment factors through PEST
analysis so that company can easily understand the market situations and also identify
competition factors in the market and determine the competitive advantages and this report also
provide suggestions for the target market.
TASK
Overview of Proposed Business Idea
Business is like an entity that start with specific business idea and a name. There is a
Unique and fundamental idea exit behind every business plan and its momentary to prepare a
creative and innovative business idea and then start to make a business plan. In Business plan,
business model, vision , mission, are need to developed. With the help of this report a well
planned business plan design that shall cover all the market of the United kingdom. The name of
this business plan is “Fun & Food Bakers”. This company shall plan to establish in London
market. This bakery plan to start in partnership. Partnership is like an unincorporated company
in which partners are self-employed. Partnership company include two or more individuals, both
are agree to start and share business, profit and benefits together and apart from this, also share
the responsibilities, risk and losses with each other. Fun & Food Bakers shall start in
partnership. There are many things consider under the this Fun & Food Bakers business are
discussed below-