Edible Hub Company: A Sustainable Business Idea

Enterprise and
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Proposed future business........................................................................................................3
Vision of business plan...........................................................................................................3
Customers of Edible Hub company........................................................................................3
Competitors of Edible Hub company.....................................................................................4
Skill analysis...........................................................................................................................4
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts ............5
Sources of Funds of Edible Hub company.............................................................................7
Plans for obtaining your resources, both tangible and intangible between now and either 1-2
year ahead...............................................................................................................................7
The type of organisation and the management information systems required to effectively.7
control the business................................................................................................................7
CONCLUSION................................................................................................................................8
References .......................................................................................................................................9

INTRODUCTION
Enterprise is defined as the legal entity which is involved in various operations such as
commercial, operational and other with the objective of generating profits. It is important for
entrepreneur to develop effective business plan to run business operations properly and make
differentiate image of organisation over other competitors. In this report Edible Hub company is
taken into consideration that is involved in manufacturing and supplying major varieties of
edible utensils. These utensils are prepared with whole wheat grain flour, rice flour and sorghum
flour that saves environment from harmful impacts. This report includes proposed future
business, skills analysis, competitors , resources and proposed business idea.
TASK
Proposed future business
Edible Hub company is the organisation that come with new and innovative idea of
manufacturing edible utensils that are produced with edible material like grains and other. After
having meal on the utensils instead of washing of throwing, one can eat it because it is fully
edible (Aadland, and Aaboen, 2018). This concept plays important role in protecting
environment from harmful impacts. Motivation behind choosing this business idea is that 300
million tons of plastic are being produced every year, out of which 70% is non- recyclable plastic
so this business idea reduce the usage of these products and save environment. Edible Hub
company uses various intellectual properties such as copyright, trademark and others for
protecting its unique business idea from other competitors.
Vision of business plan
Vision of Edible Hub company is to produce as well as supply quality and affordable edible
utensils to every part of world. Organisation provides utensils that are produced from edible
material such as grain flour, rice flour and others that plays important role in protecting
environment and help business to gain sustainable competitive advantages for longer period of
time.
Customers of Edible Hub company
Edible Hub company provides deals in glass, plate, spoons, bowl and other table wear to its
customers. Respective organisation concentrates on hotels and restaurants to provide its products

and services to customers at attractive prices. It is business to business concept because Edible
Hub company provides hotel and restaurants. Unique selling proposition of organisational
product is that it has unique business idea such as producing edible utensils that also saves
environment. Respective organisation provides great services to its customers that attract them
towards organisation (Almeida, Daniel, and Figueiredo, 2021). With the objective capturing
higher market share, it is important for the business to advertise and promote its products to
organisational target audience. Edible Hub company uses social media channels, offline
promotional channels and other aspects that enhances organisational image in competitive
business environment. As organisation provides sustainable products and take steps of protecting
environment that maintains organisational unique and differentiate positioning in market place.
Competitors of Edible Hub company
Competitors are defined as the organisation that provides similar products and services to
customers. Larger availability of similar products impacts on overall performance and efficiency
of Edible Hub company in existing market place. Producing edible utensils is quite unique idea
so respective organisation faces less competition in this business segment. As per environment
concern various organisations are planning to enter in this segment that can affect sales and
profitability of Edible Hub company (Bell, and Bell, 2020). Customers prefer to purchase
organisational products rather than other competitors because it provides quality and unique
products. Edible Hub company provides innovations and technology in their products like
different flavours and unique product design that provides competitive adge over other
competitors.
Skill analysis
There are various skills and capabilities are required to bring innovation in business products and
services. Skills enables entrepreneur to being business ideas and launch it in competitive market
place. Edible Hub company has trained and professional employees who perform business
operations with greater efficiency and effectiveness (Jones, Penaluna, and Penaluna, 2019). For
acquiring new business idea and execute it in business requires various skills and competencies
that are explained below:
 Time-management skills is important for Edible Hub company to manage all business
operations according to time.