Business Growth Plan for ComfortableHut

ENTERPRISE AND
ENTREPRENEURSHIP

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Description of the proposed business.....................................................................................3
Consumer................................................................................................................................3
Competitors............................................................................................................................4
Skills analysis.........................................................................................................................4
Required skills........................................................................................................................5
Profit and loss account for next two years..............................................................................5
Identification of funding sources............................................................................................7
Obtaining tangible and intangible resources..........................................................................8
Vision.....................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
It is important for new business enterprises to create a business plan covering various aspects
such as financial resources and consumer base of the company. This is because it sets clear
future direction of he company and helps the firm attain business objectives. The present report
includes a business growth plan for the new enterprise ComfortableHut. The business growth
plan includes information about consumers, competitors and financial resources needed by the
company.
MAIN BODY
Description of the proposed business
ComfortableHut is the proposed business firm which sells ready to move furniture. In addition to
this, ComfortableHut also offers services to shift furniture from place to place.
The product portfolio of this organisation includes ready to move furniture for every interior of
the house including bathroom, kitchen, living room and bedroom. If the consumers decide to
move shifting logistics to move the furniture are also provided by the company. The reason
behind this his is to attract consumers as they will get shifting solution and furniture under the
same roof.
The main innovation bought by ComfortableHut in the market is that it creates innovative
designs for every piece of furniture so that it can be easily moved from place to place. In addition
to this the firm provides logistics services for moving heavy furniture.
The Intellectual property right applicable to this business is the reformed section 74 of the
enterprise regulatory reform act, 2013. This act was commenced on April of 2020. The British
government repealed section 52 of the Copyright, Designs and Patents Act 1988 under this
reform (UK commercial furniture copyright laws to change in 2020, 2020) . This allows
manufacturing firms to protect unique furniture design which are commercially manufactured for
more than 70 years through copyright protection law similar to art pieces.