Business Essentials of Casto Coffe

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Added on 2020-07-22

Business Essentials of Casto Coffe

Added on 2020-07-22

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Business Essentials

Table of ContentsINTRODUCTION...............................................................................................................1TASK 1: Part A...................................................................................................................1A new and innovative business idea for implementing a new project...........................1PART B..............................................................................................................................3Objectives for a new business idea...............................................................................3TASK 2...............................................................................................................................3External factor analysis for a business..........................................................................3TASK 3: Part A...................................................................................................................5Defining to launch an event...........................................................................................5Part B.................................................................................................................................6Preparation of a budget for a project.............................................................................6TASK 4...............................................................................................................................7Use different marketing concepts into business firm.....................................................7CONCLUSION...................................................................................................................9REFERENCES................................................................................................................10........................................................................................................................................10

INTRODUCTIONBusiness is a commercial activity which helps in fulfilling all the economic needsin order to earn financial gain in effective manner. It is an important aspect for everyorganization to identify customer’s demand. In today's modern era, it is one of theimportant parts which define day to day production and distribution activities in order tosatisfy customers’ needs in an effective manner (Fletcher, Fletcher and Fletcher, 2012).Basically, business plays an important role in attaining all the goals and objectives offirm in appropriate time period. Present report is based on accomplishing as well assetting a new business is Casto Coffe shop which wants to be launch new coffeeproducts in wide rage of market. Mainly it is a new business which work as apartnership style because they needs to more financial fund to run their business inmarket. In this project, objectives for developing new business plan are mentioned.PESTEL analysis is also given for analysing and assessing all the environment factorswhich affect business. Along with this, launching an event and budget preparation isalso discussed in this assignment. At the end of project, marketing concept ismentioned which is related with a new business to develop its overall performance.TASK 1: Part AA new and innovative business idea for implementing a new projectIn today's modern era, everyone has become food lover in the world in whichthey want to taste coffee products. There are various coffee shops which provide alarge number of coffees to their customers. According to this,coffee shops andrestaurants are everywhere so that it is biggest challenges to set a new business in thisline because various companies which already dealing in same sector In this aspectCasto Coffe shop start a new branch of in food sector in which they wants to set theirnew products and services to their customers. This business established in UK so that itis more important for its manager and employees to evaluated all the process as well asstrategies which used by its competitors and than decide their pricing of the productsand services (Follett, 2013). In this process better home delivery procedures is alsoimportant thing for the business in which they easily delivery quality services to theircustomers as per their requirements. Mainly in this process there are two main cause1

like placing orders and another one is unique selling proposition which helps ineffectively improve their services and its performance at market place. In Casto Coffeshop, there are variety of products which is offer by them to their customers in order toget their higher satisfaction level like:Ginger Mojito Iced chocolate World coffee and many moreAlong with this it is important for every business organization to focus on theirquality products and also use effective items so that they provide healthy products andservices to their customers in order to retain them for long time period. So that it isimportant for business to include all better employees in which they offer qualityservices as per customers requirements (Guffey and Loewy, 2012). Along with this it isalso important for manner to evaluate competitors for developing their plan andstrategies in effective manner. It is more effective for the new business to enhance theirprofitability and productivity level at market place. With the help of this they achievebetter success in external market environment in most effective manner.Major CompetitorsUnique Selling PropositionColonna & Small In this context, they are major competitors in UKbecause they use smart and attractive outlets inorder to invite large number of customers towardsits products and services.Kaffeine This company provide chocolate and Brownie totheir customers which helps in generating moreprofitability. Along with this they also serve theirproducts in sugar free to their customers who sufferfrom diabetes.Coffee Aroma At the end, Coffee Aroma is also a big competitorsin food sectors in which they provide qualityservices to their customers at affordable cost sothat costumers are easily attracted with theirproducts and services (Hair, J. F., 2015).2

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