Small Business Enterprise Assignment : Coffee Hub
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Added on 2021-02-17
Small Business Enterprise Assignment : Coffee Hub
Added on 2021-02-17
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Starting up a business..................................................................................................................1Visual Identity of start-up...........................................................................................................2Values of start-up........................................................................................................................2TASK 2............................................................................................................................................3TASK 3............................................................................................................................................5TASK 4............................................................................................................................................5TASK 5 ...........................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONA small business always starts out as an idea, but have to transform that idea into aaction. Starting a small cafe takes capital and planning and running a cafe takes an aptitude forbusiness as well as passion for feeding people (Burns and Dewhurst, 2016).This assignment isbased on staring up a new small business that is cafe in London, United kingdom by name of“Coffee Hub”. In this assignment it would cover marketing research method for successfullystarting a cafe in new market. Moreover, it will also cover ethical dilemma faced duringpromoting business and employment law that are required to be taken into consideration by anentrepreneur before setting up new business. Further, it will also describe assets, liabilities,expenses and gains to avoid any cash flow problem. TASK 1Starting up a businessFor a entrepreneur it is important to know how he/ she will cover all the aspect ofstarting a new business in marketplace of United kingdom. Here an entrepreneur is going to starta business that is “ coffee Hub”, this will require certain necessary identification for his start-up.That are described below:Industry: Cafes typically fall into own category, in cross section between catering andhospitality industry. It has been groining faster in United Kingdom than over all Britisheconomy. Herein, the nature of this industry would be classified in Food Confectionery.Location: Location may be one of most important factors in determine success of cafe innew marketplace. Choosing right location will entirely determine a unique proposition of Cafe.The main motive of Coffee Hub is to provide best quality of service to its customer. More over,it will be situated in Broadway market of London, United Kingdom.Target Customers: To know who are potential customer for product and services is animportant task for an entrepreneur. Its play's crucial role for an entrepreneur to know its actualcost of product and services they are offering to their customer (Glauband et. al.,2014).Accordingly, marketing strategies will be implement and focus on increasing effectivenessof business in new marketplace. Coffee hub target customer's will be youngsters who areinclined towards healthy and high standard life style.
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