Business Plan Assignment : HOMI CHOCO Bakery
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Added on 2020-12-29
Business Plan Assignment : HOMI CHOCO Bakery
Added on 2020-12-29
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Business Plan
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Setting up a small business.....................................................................................................1TASK 2............................................................................................................................................3Market research .....................................................................................................................3TASK 3............................................................................................................................................5Ethical dilemma of business...................................................................................................5TASK 4............................................................................................................................................6Equality and Diversity Law....................................................................................................6New employees rights............................................................................................................7TASK 5............................................................................................................................................7Assets, liabilities, expenses and gains....................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONBusiness plan is a formal document in which goal and process of business are describedfor attaining objectives. It includes overall plan and strategies that are required for accomplishingthe enterprise goals (Bernus, Nemes and Schmidt, 2012). For this report the chosen organizationis HOMI CHOCO Bakery which facilitates home made chocolates bars and cakes with brownsugar to customers. The purpose of this report is to create a plan for small firmto achievecompany goals. In this reports business plan, aim, market research and some ethical dilemma ofcompany are covered. Along with this equality and diversity law and rights related to newworker are mentioned.TASK 1Setting up a small business.Business plan assists company to focus on particular process so that they implement theirideas for accomplishing goals effectually. It is considered to be a document that helporganisation to follow steps which are needed for fulfilling their purpose and targets.Name and plan of business:HOMI CHOCO is a bakery that facilitates homemade chocolate bars and cakes withbrown sugar to the customers. Industry and location:It is a food industry which will be situated in Great Tower Street in London. HOMICHOCO have various types of chocolate bars and cakes like bittersweet chocolate, whitechocolate, milk chocolate etc. with brown sugar. Target customers: This product is for all age groups as this bakery includes brown sugar in their bars andcakes which contains calcium, iron, minerals and potassium that are benefited for their customers(Burns and Dewhurst, 2016). It is also helpful for weight loss as most of people don't eatchocolates and cakes because of fats. This product is healthy and fresh as it is prepared at homeso people have it without thinking too much about health.Business model:Business model is a presentation of how firm can do their businesses. This explains thebusiness methods, consumers acquisition strategies, infrastructure and the development and1
improvement of product or services. There are many kinds of business models but HOMOCHOCO apply:Direct sales: In this business model, product and services are directly sales to thecustomers in order to create revenue (Fayolle and Gailly, 2015). This takes place bypresenting and promoting the products. HOMO CHOCO use this model to sells theirhome made chocolate bars and cakes with brown sugar directly to their consumerswithout any retailers and salespersons. Company logo:HOMI CHOCO develop values for promoting their business by:Social value:This value develops an essential society culture and provides guidelines related to socialconduct. Values like respects for people, equality, fundamental rights and so on that guide thebehaviours of human in different manner (Fernández-Guerrero, Revuelto-Taboada and Simón-Moya, 2012). HOMI CHOCO Bakery is concerned about society as it facilitates home madeproducts which includes brown sugar that not harm the individuals as well as society. It focuseson human wants and needs that show their social concern during business operations.Environmental values: This value is essential for company because it is duty of firm to save and protect naturalresources like water, land and so on. HOMI CHOCO DO NOT HARM resources as they are notuse such type of machines which pollute air. This helps them to develop goodwill and promotetheir business in marketplace (Galbraith and et.al, 2013). Company obey the environmental lawand workers work in such a way so that they do not affect the environments. Chosen firm useFSSAI packed products to facilitate health and fresh products. Environmental protection act isalso followed by them for environmental protection.2
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