This document is a business plan for a newly launched restaurant that focuses on providing organic food products. It discusses the proposed future business, target customers, competitors, skills analysis, profit and loss account, cash flow forecasts, funding sources, organization type, and management information systems.
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Table of Contents INTRODUCTION......................................................................................................................3 MAIN BODY.............................................................................................................................3 Proposed Future Business......................................................................................................3 Customers...............................................................................................................................3 Competitors............................................................................................................................4 Skills analysis.........................................................................................................................5 Projected 2 year profit and loss account and proposed 2 years cash flow forecasts including break-even..............................................................................................................................5 Finding, evaluatingand selectingsuitablesourcesof funding to growthe business opportunity.............................................................................................................................7 The type of organisation and the management information systems required to effectively control the business................................................................................................................8 CONCLUSION..........................................................................................................................8 REFERENCES...........................................................................................................................8 Books and journals.................................................................................................................8
INTRODUCTION Businessorganizationaredevelopinginregularmanner.Thisisimpactingon business function and helps in achieving business objectives. Under this enterprising is using function which helps in managing growth of business and performing function in effective way. In context to present report, it consist an newly lunched business(Hjorth and Holt, 2016). This is operating in restaurant category There major focus of business is to provide organic food products which helps in meeting customer requirementsand performing function according to needs of customer safety. MAIN BODY Proposed Future Business What is the product/service In order to this restaurant there are number of food products and services which will be offered in accordance with needs of customer in market(Burnett. and Danson, 2017). In context to this, it is identified that there are number of delicious food dishes which include various prospective purchaser are much enormous through fresh organic food. Moreover, the modern foods are available into several colours as well as tastes. Wholes these are formulated from organic produce as well as natural oils. What does it do? Business organization is going to serve in business environment and using tools which helps in meeting innovative approaches. This help in meeting food requirement of employees and performing function according to needs. What innovations does your idea bring to the market? This business organization is using function of organic food products with fast food items. This helps in delivering and new experience to customer and well as using tends for both fast food and organic food in market. Appropriate intellectual property rights (IPR): Copyright will be used to perform function and meet needs of IPR. Here, firm will use it in order to perform function and meet objectives of different. Customers Identify your target customers. B2B or B2C? Who are the end-users? There are different ways perform business activates and choosing different area to work. These can be divided as B2B and B2C. In current business, it will also follow B2C channel.
This is essential for business firm to achieve business objectives and meeting needs according to resource. Who will buy your product/service? In order to meet they business requirements and perform function in effective way. There are use of function which can be meet customer needs and helps in performing business function (Jones, Penaluna and Penana, 2019). This include all this function which are essential to meet needs. Target commenter of business firm are:Age group: Under this, organization is going to targets age group of 16 to 55. healthy life style: Organization is also targeting employees from the perspective of life style. Under this those individual will be targeted which are focusing on there health. What is the USP of product/service? USP can be define as that part of product which is related to using that factor in business which can be used to achieve business innovation. In context of chosen business, it is identified that there are number of function which are perform din order to maintain USP. This involves use of fusion between organic and fast food items. This is major USP of productivity in order to achieve business objectives(Durkin and Gunn, 2016) . What customer needs does the product/service meet? This business enterprise is focusing on business products which are related to achieving business objectives and performing function according to needs. The underpinning research for the target market and an evaluation of the businesses’ position in the market Competitors In context of the current restaurant, it is identified that there are a number of competitors to the products and services of the organisation. The major competitor include businessorganisationsuchasKFC,McDonaldsandvariousother.Here,competition covering a high market shares within the market of London. Advantage to the organisation product is that will provide the fusion of organic product with fast food item for stop this helps in serving the want of customer as well as performing the function according to the requirements of the current time. This help in easily targeting the customer as well as reducing competition from the competitors(Lyne, Ngin and Santoyo-Rio, 2018).
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Skills analysis It is identified that in order to run the business. It is necessary to acquire number of skills which will help in performing different functions. In context of the present business of it is identified that there is requirement of various skills such as leadership skills development skills cooking skills customer relationship skills communication skills and many other. In context developing the skills there will be use of different individuals where appropriate hiring process will be followed so that employees can be e gained in accordance with the still require. In context of restaurant industry the major scale is related to managing the customer experience as well as providing the healthy and tasty food for stop in order to address this skill the business organisation will use an effective hiring process as well as perform different functions to manage the resources(Maas and Jones, 2017). Projected 2 year profit and loss account and proposed 2 years cash flow forecasts including break-even Particulars20202021 Variable costs Salaries to staff1000055000 Advertisement500028000 Rent of building500028000 Fixed costs Machines2000060000 Cost of material3000080000 Total cost70000251000 Financial requirements
Cost structure: Particulars20202021 Variable costs Salaries to staff1000055000 Advertisement500028000 Rent of building500028000 Fixed costs Machines2000060000 Cost of material3000080000 Total cost70000251000 Revenue stream: Particulars20202021 Selling of clothes35000150000 Online bookings2500095000 Advances from clients2000051000 Further developments2000050000 Total revenues100000346000 Start-up cost of business- it is basically that cost which involves the initial fuel for starting up a business and its operations. In the given business, starting cost is broken up in following segments: BEP (In units) = Fixed cost / contribution per unit First year = 50000 / 4 = 12500 units BEP in Pound= Fixed cost / PV ratio = 50000 / 80% = 62500 Second year BEP in units = 140000 / 7.83
= 17880 units BEP in Pound =140000 / 67.92% = 206125 Fixed cost = ÂŁ 1500. Variable cost = ÂŁ3 per unit. Particulars20202021 Receipts Selling of clothes35000150000 Online bookings2500095000 Advances from clients2000051000 Further developments2000050000 Total receipts100000346000 Payments Salaries to staff1000055000 Advertisement500028000 Rent of building500028000 Machines2000060000 Cost of material3000080000 Total payments70000251000 Cash at the end3000095000 Finding, evaluating and selecting suitable sources of funding to grow the business opportunity There are different kinds of sources which can be used in order to fund the operation of organisation and manage the functions in an effective way. Some of these are discussed below: Equity funding: this is an effective source of funding where organisation can use to fund its operation by the way of issuing equity capital. Under this organisation will lose the ownership within organisation as well as control over the functioning. in context of this it is helpful to the
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maestro in increasing its market share as well as performing the function according to the requirements(Burns, 2016). Bank loan: Bangalore can be defined as system which is used by the organisation in order to perform the functions of funding full stock in context of Bangalore organisation can use to take a commercial loan from the bank by providing some security. Cheapest way of collecting funds as well as it reduces organisational time(Maas and Jones, 2017). The type of organisation and the management information systems required to effectively control the business In context of the current business scenario, organisation will use an appropriate business structure which is followed in order to meet the requirements. In context to this organisation will use company structure to manage the functioning(Bridge, 2017). It is also identify the appropriate management information system will be used according to the requirement of business objectives. In context to management information system, business organization use and automatic machine the system which helps in placing the order from the side of customer by the use of mobile phone as well as online machines. This will help in managing customer orders as well as providing the information about their current order with the organisation to meet the requirements of customer in short period of time(Hatt, 2018). CONCLUSION It can be concluded from the above mentioned information that there are various functions which has to be performed by the business organisation in order to meet the requirements for staff it is also identified that these functions are essential to be performed in order to manage the functioning of farm and achieve better results. REFERENCES Books and journals Hjorth,D.andHolt,R.,2016.It'sentrepreneurship,notenterprise:AiWeiweias entrepreneur.Journal of Business Venturing Insights,5, pp.50-54. Burnett, K.A. and Danson, M., 2017. Enterprise and entrepreneurship on islands and remote rural environments.The International Journal of Entrepreneurship and Innovation,18(1), pp.25- 35.
Jones, C., Penaluna, K. and Penaluna, A., 2019. The promise of andragogy, heutagogy and academagogy to enterprise and entrepreneurship education pedagogy.Education+ Training. Lyne,I.,Ngin,C.andSantoyo-Rio,E.,2018.Understandingsocialenterprise,social entrepreneurshipandthesocialeconomyinruralCambodia.JournalofEnterprising Communities: People and Places in the Global Economy. Maas, G. and Jones, P. eds., 2017.Entrepreneurship centres: global perspectives on their contributions to higher education institutions. Springer. Burns, P., 2016.Entrepreneurship and small business. Palgrave Macmillan Limited. Maas, G. and Jones, P., 2017. The role of entrepreneurship centres. InEntrepreneurship Centres(pp. 11-16). Palgrave Macmillan, Cham. Bridge, S., 2017. Is “entrepreneurship” the problem in entrepreneurship education?.Education+ Training. Hatt,L.,2018.Thresholdconceptsinentrepreneurship–theentrepreneurs’ perspective.Education+ Training. Durkin, C. and Gunn, R. eds., 2016.Social entrepreneurship: A skills approach. Policy Press.