Business Plan for 7 Spices Vegan Restaurant

Business plan

Table of Contents
INTRODUCTION.....................................................................................................................................3
An overview of your proposed business idea....................................................................................3
Examine evaluation of external environment....................................................................................4
A discussion on competition and overview of competitive advantage..................................................6
A suggestion for the proposed target market....................................................................................7
References ..........................................................................................................................................10

INTRODUCTION
There is need for entrepreneurs to take into consideration some of the aspect of
marketing. so that there will be a functional applicability in understanding rapid course of the
time. It is a process of ascertainment of the major viability propose the business idea and it is
quiet crucial for all entrepreneurs to have effectiveness in a rapid course of time. In relation
with the business idea is quiet important for all the entrepreneurs (Charter, 2017). The present
report is based upon 7 Spices that is entrepreneurial organisation that is willing to launch a
concept of vegan dishes. New venture is quiet effective launched in the confines of Mayfair
that is part of London area. The major goal here is that it helps in gaining the knowledge and
influences the business venture. Further, it includes the concept of competitive analysis and
further recommendations are drawn for target market.
Marketing plan
It is a part of the overall businesses. Marketing strategy which has been quiet solid is a
core foundation of a well-written and well established marketing plan so that goals can be
possibly achieved. A systematic marketing plan contains a specific list of actions, strategic
foundations and a use of business. A marketing plan is reflected out to be comprehension
document which can easily outlines marketing as well as advertising attempt for approaching
year. It describes a suitability of marketing objectives within a set of time period. A
marketing plan is one of descriptions of the current marketing position in which there is a
description of target market and the marketing mix which simply useful in achieving
marketing goals (Chibili, 2019). Marketing plan gives and reflective and an effective idea on
basis of framing of work structure and effective incarnation. Also, it can be suggested that
process including in marketing plan seems out to be reflective and an effective situations.
An overview of your proposed business idea
The new job launched in the United Kingdom is a vegan restaurant. It refers to
restaurant which has most useful and prosperous need for the people in London on basis of
reflecting the healthy and prosperous lifestyle. One of case study based on London showcases
the larger portion of audience which have been greatly affected by obesity and diabetes.
Hence, market gap is systematically reflected the healthy restaurant in which there is no
significant negative impact on healthy lifestyle of people. So, here, this is an idea of creating
a new venture with some effective vegan dishes under the name of “7 Spices.” It is a venture
which has been launched for the period of 6 months and within beverages and food sector.