Business Planning for Cafe Paradiso and an Ice-cream Shop
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Added on  2023/06/15
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This article discusses business planning for Cafe Paradiso and an ice-cream shop. It covers topics such as vision and mission statements, stakeholders, market analysis, financial requirements, and key performance indicators.
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Running head: BUSINESS PLANNING Business Planning Name of the university Name of the student Author Note
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1BUSINESS PLANNING Table of Contents Assessment 1:.............................................................................................................................2 Part A:........................................................................................................................................2 1..............................................................................................................................................2 2..............................................................................................................................................3 Part B:.........................................................................................................................................5 1..................................................................................................................................................5 References:.................................................................................................................................7
2BUSINESS PLANNING Assessment 1: Part A: 1. a.Visionstatementstates about the future prospect and plan related to a business. The chief vision of the Cafe Paradiso is to become one of the preferred cafes for all customers, who come to the Mountain Glen Shopping Centre. Their customers include shoppers and staff of this shopping centre. b.Missionstatementclarifies a company’sbusiness strategy and functions to operate their business further. The main mission of this cafe is to give importance on needs and wants of their customersto satisfy themby serving coffee with high quality, healthy meals and excellent service. c:Cafe Paradiso has some values and objectives related to their business. The chief value of theirbusiness is to satisfy customer’s wants and needsby providing high quality ofcoffee. Their next value is to provide healthy and delicious meals along with coffee to their customers. Lastly, they try to provide excellent services to their customers.Thosebusiness values further help this company to establish its brand name and customer loyalty stronger in a competitive market. The company also has some objectives for their business. Business objectives help a company to fulfil its business goal practically. Firstly, they keep two old employees of this company to maintain an uninterrupted customer relationshipserviceduring the changing situation of ownership. Secondly, they always try to maintain existence price level by controlling their cost structure even after changeover. Thirdly, they improve their business by
3BUSINESS PLANNING increasingtotalnumber of customers and average size of sales. Lastly, the company adopt strong marketing strategy to promote their business. 2. The owners arethe onlystakeholders of this business. Brendan and Margaret Elliott have invested in this business by taking loan from bank. The amount of bank loan was $104,905. The equity share of Brendan and Margaret are $104,905. 3.As the stakeholders and owners of this cafe business are same, they share their profits based on their equity. Moreover, they plan to pay back loan within nest two years. 4.The Cafe Paradiso has a market for their business in the Mountain Glen Shopping Centre. Huge numbers of local people come to the market. Hence, the number of customers is large.Moreover, the number of cafe is very limited in this shopping centre. This shopping centre is a part of an enhancing master planned community in Australia. As the cafe is located in the main mall with other well-known branding products, it has great opportunity to earn profit. 5.Consumers are the main component of business.Theywant fine coffee or beverages with high quality during their break time. Some customers also demand nutritious meals with good taste with quick service.As theydo not want to consume fast food,consumers chiefly demand those healthy and light meals. 6.This cafe business has some competitors in the market.For this reason, market analysisof those competitive firmsis essentialto set a particular price structure. Moreover, average income structures of customers are also an important factor. Hence, by analysing product quality,customer’s income leveland price structure of competitive cafe, Cafe Paradiso set their price structure.
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4BUSINESS PLANNING 7.Three key performance indicators of business are customer satisfaction, high quality of product with limited cost and increasing number of staffs. 8.Financial requirement helps a company to make the balance sheet a company. Balance sheet includes assets, liabilities and equity ofthis cafe business. To make business plan of a company, financial projection is important. Human resources help a business to operate their business efficiently by hiring skilled workers. Moreover, a human resource manager controls all policies and rules of the company effectively. Physical resources help a business organisation to produce its output and expand the firm size further. Those resources include all physical items like raw materials, buildings and capital and so on. 9.To get business license from local council, it is important to notify authority about food products. Different territory has different food classification in Australia. The cafe owners need licenses or permits to operate business, food handing permits and resale permits. As cafe is a small kind of small restaurant business, it will need license or permits related to a restaurant business.
5BUSINESS PLANNING Part B: 1. Business plan for an Ice-cream shop: Description: Mr. Rozer is going to open an ice-cream parlour at his local area and in front of a local high school. Hedecides toopen his ice-cream parlour from 8a.m to 4.30 p.m. every day.His chief mission is to serve ice cream of different flavours with good quality. His business vision is to start a large ice-cream parlour with some other fast foods at the centre of the town. Business products and services:The main business product is ice-creamwithdifferent flavours. Mr. Rozer also provides free home delivery services ice-cream to local citizens. Marketing activities:to operate a business, Mr. Rozeer needs to make a proper market plan. For this, he should set some goals and objectives for his business. Moreover, he should analyse the entire marketcondition forice-cream (Wirtz, Pistoia, Ullrich and Göttel 2016). Further, he needs to make a SWOT (strength, weakness, opportunity and threat) analysis and product-mix strategy to develop his business further. Financial indicator:He needs to make a proper financial statement for his business to estimate his gross profit, net profit and so on (Wajdi, Ummah and Sari 2017). Form his balance sheet. Mr. Rozer can maintain his records of equity, assets and liabilities. Communication plan:Mr. Rozer is the only owner and investor of his business. He also takes loan from bank. Hence, he does not need to communicate with any other stakeholders (Geissdoerfer, Bocken and Hultink 2016). However, he should repay his loan of bank within times.
6BUSINESS PLANNING KPIs:People of different groups, especially school going children, like ice-cream. To increase demand of ice-cream among customers,maintain ofa good quality of product is important (Kibira, Brundage, Feng and Morris 2018). To increase sales of ice-cream, Mr. Rozer needs to apply good marketing strategy. Moreover, good communication with his customers also helps him to enhance his total number of customers.
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7BUSINESS PLANNING References: Geissdoerfer, M., Bocken, N.M. and Hultink, E.J., 2016. Design thinking to enhance the sustainablebusinessmodellingprocess–Aworkshopbasedonavaluemapping process.Journal of Cleaner Production,135, pp.1218-1232. Kibira, D., Brundage, M.P., Feng, S. and Morris, K.C., 2018. Procedure for selecting key performance indicators for sustainable manufacturing.Journal of Manufacturing Science and Engineering,140(1), p.011005. Wajdi,M.B.N.,Ummah,Y.C.andSari,D.E.,2017.UKMDevelopmentBusiness Loan.IJEBD (International Journal Of Entrepreneurship And Business Development),1(1), pp.99-109. Wirtz,B.W.,Pistoia,A.,Ullrich,S.andGöttel,V.,2016.Businessmodels:Origin, development and future research perspectives.Long Range Planning,49(1), pp.36-54. Wirtz,B.W.,Pistoia,A.,Ullrich,S.andGöttel,V.,2016.Businessmodels:Origin, development and future research perspectives.Long Range Planning,49(1), pp.36-54.