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Business Canvas Model - PDF
Added on -2020-11-23
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Business Plan
fTable of ContentsINTRODUCTION...........................................................................................................................3Business Canvas Model...................................................................................................................3Fixed and Variable Costs in Spicy Restaurant.................................................................................4Service Rates Provided by Spicy Restaurant ..................................................................................5Daily Routine Work of Spicy Restaurant........................................................................................5Operational Plan of Spicy Restaurant ( Day to Day).......................................................................5Report Abstract................................................................................................................................6Executive Summary.........................................................................................................................6Company Background + Types of Business And Location.............................................................6Management Team...........................................................................................................................7Job Descriptions..........................................................................................................................7Financial Plan...................................................................................................................................8Break Even Analysis........................................................................................................................9Capital Required............................................................................................................................10Sources of Fund.............................................................................................................................10Marketing Plan...............................................................................................................................12Marketing Objectives:...............................................................................................................12Pricing Strategy:........................................................................................................................12Marketing Communications:.....................................................................................................12Location Analysis..........................................................................................................................13Manufacturing Plan........................................................................................................................13Operational Plan ............................................................................................................................14Risk Analysis and SWOT Analysis...............................................................................................15CONCLUSION..............................................................................................................................17Recommendations..........................................................................................................................17Terms and Glossary.......................................................................................................................18REFERENCES..............................................................................................................................19
INTRODUCTIONBusiness Plan can be defined as a document which describes about new launches ofproducts or services to be made by a company (Business Plan, 2019). It includes various tasks tobe included in the new launching of the business such staffing, planning, organising, leadership,controlling, financing, feasibility, etc. all are taken into consideration in the launch of a newbusiness. The new restaurant is launched with the name “Spicy Treat”. The assignment willfocus on the launching of a new restaurant business in Canada. Further the feasibility of the newbusiness project will also known with the help of doing Business Canvas model, Cash Flow, JobDescriptions, Financial Plan of the new business, marketing plan which will focus on marketingobjectives, the pricing strategy which it will use for fixing the price of their products, LocationAnalysis will also be done (Ullah and Lai, 2013). In addition to this, the location analysis willalso be done, risk factor related to the new business proposal will also be done by doing SWOTAnalysis on the new business and the manufacturing plan will also be prepared in thisassignment. The following document will also outline the overall business plan proposedwhether it will earn sufficient to make the restaurant survive in the market and capture sufficientmarket share.Business Canvas ModelThe following Model was propounded by Alexander Osterwalder. The followingprovides the knowledge about various aspects which business has to look upon while openingany new business venture. and it is divided into nine segments (Alexander, 2012). The Model isapplied to the Spicy Restaurant which will provide it with overhead and improvisation in theproject of new business launch:Key partners-Food Suppliers -Government-Wine Suppliers-Interior Designers-Kitchen RentalKeyActivities-GoodCustomerService-Fast andValue Proposition-Oil free food.-Providing high Qualitygoods at lower prices-Minimize cost andmaximize profit.CustomerRelationship-By registeringthe likes anddislikes of regularcustomers andCustomer Segments- Medium ClassPeople-High Class People- Students and Adults
-Food Delivery FirmsEfficientService-ExcellentFood Quality-QualifiedEmployees- Customer Satisfaction- Time and Cost Savingproviding themaccording to theirdemand.-Taking CustomerReviewsDistribution Channels-Web page-Hoardings -Bill Boards -Emailing-Direct ContactKey resources-Human capital -Food Providers-Employees-Utensils-Food Making Equipment -Raw MaterialsCost Structure-Marketing Expenses-Salaries to Employees-Office rental expenses -Operating Expenses -Basic Services-Miscellaneous Expenses Revenues-Will earn money byproviding food and wineto the customers.-By taking contracts ofparties and marriages.-Number of visitors ofwebsiteFixed and Variable Costs in Spicy RestaurantIn opening a new business, it has to occur some costs (Anderson, 2015). Costs can bedefined as amount which his paid for completing the purchase or exchange process in betweentwo or more persons. The are different types of costs but a business have only two types of costswhich are fixed and variable costs. Fixed costs are those costs which are which remain
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