Business Plan Report: FILL&FEEL Restaurant, Task 1 Experience Analysis

This report presents a business plan for a restaurant named FILL&FEEL, detailing the author's personal experiences and challenges encountered during the presentation of the plan. The report explores key aspects such as problem-solving, research, team working, and leadership skills developed throughout the process. It includes a reflective observation of both positive and negative aspects of the experience, along with a conceptualization of motivational theories like Maslow's hierarchy. The author also discusses active extermination strategies and concludes with a summary of the learning outcomes and the importance of business planning. The report emphasizes the development of professional skills and the application of business knowledge in a real-world scenario, highlighting the importance of time management, communication, and teamwork in achieving successful outcomes. The author also reflects on the application of Maslow's theory and its influence on motivation and decision-making.

Pathway

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK...............................................................................................................................................1
The Experience.......................................................................................................................1
Reflective observation............................................................................................................3
Conceptualization...................................................................................................................3
Active extermination..............................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business plan is considered as an essential element that help an organisation in achieving
their set targets and goals and objectives in specific time period (DeLozier and Rhodes, 2017).
Therefore, business plan can be said as a blueprint that is used for operating the business in an
effective manner. According to the elements that are mentioned below, an individual has
established a new business i.e. a restaurant named as FILL&FEEL. Therefore, for operating a
firm, many issues can arise through which activities can be affected. Under this report, the
problems which are faced by an individual while starting a new business like leadership skills
along with time management and planning and what all measures that company can adopt for
eliminating such problems are mentioned in this assignment. Under reflective observation all the
positive and negative ideas have been mentioned and for resolving this, different kinds theories
that are implemented by them are involved in this report.
TASK
The Experience
The topic is business plan through which is a group present their views and opinion in
which they define their personal experience at the time of presenting group presentation. In this
context various skills are there which implement by our group in order to present their plan.
Along with this, various skills are developed while presenting our business plan by which we
easily enhance ore personal experience in most effective manner. In this context various skills
are there which help me to enhance my knowledge and research process to gathering numerous
relevant information (Bolden, 2016).
Problem solving skills: It is one of the effective and important skills which develop by
me at the time of presenting our group presentation. With the help of this we found various
alternatives to resolve problems in order to making and appropriate presentation. In addition of
this, we also evaluate their data and information to improve as well as enhance my knowledge
towards the business plan. This will aid me and my group to resolve all the issues in effective
manner.
Research skills: It is also an effective skill which helps me for gathering all the relevant
information. By this I improve my knowledge which may leads in making future decision in
order to attain positive outcomes. In this our group prepare an effective presentation on the topic
of business plan in which we use various methods for collecting relevant information. With the
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help of this I easily enhance my knowledge which help me in upcoming time in order to
implementing better decision.
Team working: Working in a team is also an important activity for every individuals and
firm as well to attain better outcomes. In this, I am also a part of group in which we present their
presentation on a business plan. Along with this, we work as a team which help me to maintain
better relation with our team members. This will help me in improving our team performance in
order to attain better results. In addition of this, the main benefit of this skills it develop positive
relation within the team members which may leads in reducing the chances of arising conflicts.
With the help of this, I will easily attain better results in order to attain positive outcomes.
Leadership skills: Being as a leader while making a presentation it is must for me to
identify every single team mate's weaknesses and strengths which may help in giving appropriate
tasks to them. Like if an individual is good in research and task which has been given is totally
different will hamper the situation which happened while devising the presentation. Therefore, it
is must for me to have proper details of squad mates skills and their capabilities has helped me
assigning tasks to team mates.
Planning: It is essential to formulate plan for each thing; therefore, it get completed in a
systematic manner. Along with, this works as guidelines for each individual so that they will
accomplish task without any delay. In this way, I prepared plan; thus, overall work get managed
significantly.
Team management:- According to this term it is identified that managing a time is
essential for managing an effective presentation because togetherness is seen as a major power
for every group either small or large. In fact, I thought that managing a group is one of the most
indispensable task for attaining the set objectives or goals. Basically, it has been analyzed every
member is having their own opinion towards particular subject due to which it may create a
chance of obstacles and disputes. Although my team partners are very cooperative in nature that
help in minimizing the probabilities of mistakes and errors. Leaders are playing a very eminent
role in improving the current situations by taking corrective measures at workplace by
understanding the opinions or views of every individual connected with group. I have learned
numerous of things which is useful or beneficial in my future development by gaining maximum
knowledge.
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Reflective observation
I reviewed my practice and determined both kind of thought, i.e. positive as well as
negative. When I was preparing the presentation, I observed that my research skills are not much
effective. Therefore, many kinds of issues were confronted by me. I was unable to find out
appropriate content so many times I done wrong work which killed my time. But when I took
this as a positive note then, I identified that my research abilities get improved. Along with, there
was various issues faced by me during preparation of presentation. I resolved them quickly as
amongst all people my problem solving skills was much effective. Many times we worked on
wrong idea which created lots of obstacles in front of us. But, our work never get mismanaged at
any period of time.
My presentation skills was not much appropriate; thus, at that time I confronted many
problem. Like, I got hesitated in speaking in front of others and was unable to maintain eye
contact with others. Therefore, it is required for me to develop this ability in an effective and
efficient manner. To get results positively, it is required to possess some team working
capabilities. In this manner, overall task will done without any delay. Along with this, it assists to
implement new ideas and thoughts significantly. I have an appropriate communication skills;
hence, I was easily share my thoughts and views with each others easily. But, there was no
communication tools used by us. In this way, many times we miscommunication get happened
amongst us. So that, if we utilized some techniques like social sites, phone and so on then, it get
reduced.
Time management is required to done work within limited duration. If there is no time
administration then, entire work will get hampered (Horton-Deutsch and Sherwood, 2017).
Therefore, by managed time, entire work completed timely. This get assessed through group
activity log. On the other hand, I possess leadership qualities so proper guidance was given by
me to group members. But there is one member who always delay at the time of meeting so
entire discussion got repeat again, which killed our time as well.
Conceptualization
While planning to open a new restaurant and considering the products and services which
has been presented in the presentation, me and my group have analysed that there are ample
number of concepts that can be used by administration in order to get or to stay motivated for a
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longer period of time. I have found that better sort of activities can be taken under or initiatives
can be taken by using appropriate concepts.
Maslow's motivational theory is the most relevant theory that have helped me as when I
conferred the presentation of mine in front of my seniors, every single member had appreciated
me which motivated me and this has helped to stay with the firm for a longer period of time
(Fagnant and Kockelman, 2015). I have also saw that this theory includes various elements
which needs to be fulfilled in an appropriate manner like self-actualisation, esteem, social, safety
and psychological. This is being completely taken under by my seniors while appreciating me
and gave bonuses. This automatically uplifted my confident to take much more effective
decisions in near future so that I can give good rivalry to my colleagues.
With the help of this, I can say that competitive level will get raise which is beneficial for
restaurant at its initial moment. I examined that self-recognition is must for every single person
while working in an organisation. Along with this, away from this, I get influenced with other
team members who were working with me while making the presentation. This has helped me in
enhancing my over all performance level. With the help of this, I can actually give suggestions to
other team mates as well so that they can perform in better ways in an appropriate manner.
Motivation can be given in various ways. Here, when I gave the presentation in front of my
supervisors. They have honoured me with monitory and appreciated with a great speech in front
of other team members.
Active extermination
The completion of this project helped me in gaining familiarity with numerous aspects
which could be completed by me in an improved manner in my next undertaking (Barnett and et.
al., 2016). The presentation which was focused by me revolved around opening up a new
restaurant in the market of united Kingdom supported me on personal and professional grounds.
The first direct impact of undertaking this project is being reflected through development of
professional skills as I now possess nourished research, communication, team work and
leadership skills. The upliftment of such professional skills will help me in securing a stable
future in the business world. Along with professional nourishment, I am being able to cope with
personal problems and challenges in a different manner as well. The prioritising of my routine
tasks along emphasising on each activity have helped me in forming a right balance between
personal and professional life.
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There are aspects about business environment which I have gauged while conducting a
preliminary research which could be later emphasized in future projects. The knowledge of
business world is helpful to me as a professional as it can form right decision for my endeavour
by giving due consideration to external business factors. There was initial challenges which were
encountered while prioritising of tasks as I did not have any experience in this domain. But in
future projects, I will be able to rightfully allot activities on their basis of priority and provide
them with suitable time period to achieve the same. I have learnt that it is not very difficult to
launch a venture in market but presence of mega-corporations make it difficult to operate
successfully in the longer run. The knowledge of market which have been gained through this
experience will be helpful in successful running a restaurant in the market of United Kingdom.
Henceforth, it is required for me take care of each things so this will not repeat in future again
and work will get completed timely as well.
CONCLUSION
From the above report it can be concluded that, business planning is a crucial part while
establishing a new company as it gives an overview about the systematic procedure that can help
them in achieving the targets in specific time period. While conducting a presentation an
individual may face lot of problems like time management, limited resources and many more.
Therefore, to convey their message in a proper manner it is necessary that a two way
conversation is maintained so that an effective interaction can be possible. Form the points
mentioned above it can be seen that business planning helping an organisation in having a better
outcomes. Henceforth, for developing the skills an individual have implemented Maslow theory
along with this five steps that are required for having a better understanding it also assist an
individual to get self motivated so that a better presentation can be given.
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REFERENCES
Books and Journals
Barnett, J. and et. al., 2016. Consumers' confidence, reflections and response strategies following
the horsemeat incident. Food Control. 59. pp.721-730.
Bolden, R., 2016. Leadership, management and organisational development. In Gower handbook
of leadership and management development. pp. 143-158. Routledge.
DeLozier, S. J. and Rhodes, M. G., 2017. Flipped classrooms: a review of key ideas and
recommendations for practice. Educational Psychology Review. 29(1). pp.141-151.
Fagnant, D. J. and Kockelman, K., 2015. Preparing a nation for autonomous vehicles:
opportunities, barriers and policy recommendations. Transportation Research Part A:
Policy and Practice. 77. pp.167-181.
Horton-Deutsch, S. and Sherwood, G. D., 2017. Reflective practice: Transforming education and
improving outcomes (Vol. 2). Sigma Theta Tau.
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