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Business Planning Assignment - “Foodie Restaurant”

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Added on  2020-11-12

Business Planning Assignment - “Foodie Restaurant”

   Added on 2020-11-12

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BUSINESS PLANNING
Business Planning Assignment - “Foodie Restaurant”_1
Table of ContentsINTRODUCTION................................................................................................................................3TASK....................................................................................................................................................31.1 Prepare and justify a marketing plan from the results of market research................................32.1 Draw up and justify a financial plan for the initial period of a business operation...................63.1 Construct and justify a human resource plan for the initial stages of a business operation......84.2 Evaluate the coherence of the business plan..............................................................................9CONCLUSIONS..................................................................................................................................9REFERENCES...................................................................................................................................10
Business Planning Assignment - “Foodie Restaurant”_2
INTRODUCTIONBusiness planning refers to the strategies which are made by entrepreneur, which can helpthem in starting new ventures. This include planning for finance which is required for by them,resources which are mandatory for business, and for other most required elements for business. Inpresent report, a financial plan will get discussed along with business plan which is required for anew venture in food and service industry (Argenti, 2018). In this report, a new venture is going tobe launch with name “Foodie Restaurant”, where people of different culture can get food of theirculture. Along with this, a marketing plan along with human resource plan will also get designedbeneath for them.TASK1.1 Prepare and justify a marketing plan from the results of market researchBefore starting a new venture it is very much important for a person (who is going to start it)to gain proper knowledge about the industry and also have to make proper research over the marketin which they are deciding for starting their business. For this, they can use the method ofquestionnaire, which will help them in getting authenticated information.QuestionnaireQ1. Which type of food is do you prefer the most while going in restaurant?a) Traditionalb) Continentalc) Fast foodQ2. Which is the age group who use to visit the restaurant the most?a) Childrenb) Youthc) Old AgeQ3. What do you think, will restaurant near Thames river will get successful or not?a) Yesb) NoAlong with this, it is also needed by entrepreneur of Foodie Restaurant to make analysis oftheir competitors along with industry in which they are going to perform their activities. It wasdecided that the restaurant will get located near Thames river in London, it is also a big hub, wherelots of restaurants are performing their activities since many years (Brinckmann and Kim, 2015).
Business Planning Assignment - “Foodie Restaurant”_3

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