This document is a business plan for Bright Coffee House, a new cafe in London. It includes information about the mission, vision, objectives, unique selling proposition (USP), market analysis, marketing plan, management teams, and financial resources of the cafe.
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TABLE OF CONTENT PART B: BUSINESS PLAN.................................................................................................................2 INTRODUCTION.................................................................................................................................2 CONCLUSION.....................................................................................................................................7 REFRENCES........................................................................................................................................8 PART B: BUSINESS PLAN INTRODUCTION Business plan can be understood as an integral functional operation for enabling the construction of outlining with the detailed resources which will be potentially used and leveraged with strong determinants for larger success. The formulation of business plan will
enable leaders and owners to functionally operate various structural steps which will be highly beneficial for gaining strong optimum targets within thenew business management. Bright coffee house is new cafe which is starting its business operations into London with large high quality products, beverages and eateries for providing customers comfortable experience. The business plan will enable enterprise to successfully plan its functional structure among the various marketing segments which will further add to gain higher outputs and revenue scale profits (Cojocaru, 2019). Mission Bright Coffee house has the mission of bringing forward high quality standards and functional attributes by serving people with best quality products, quick services and expand its reach through digital marketing platforms. The mission is undertaken with the high focus towards bringing best quality resources, deliver the customers best premium coffee products and eateries with high comfortable stay. Vision The vision of Bright coffee house is to establish itself as the best cafe house by technically being efficient market leader, functionally be innovative with the changing preferences and market demands. The organisation posses clear vision in leading the coffee market and restraint chain among market share composition, serve with high creative benchmarks and focus for productive delivery of products. Business objectives of Bright coffee house are as follows: To maintain high upgraded food quality standards among consumers, provide services using the latest trends and market analysis for gaining strong position. To ensures customers gain best experience with high comfort and entertainment among all facilities with best premium market factors (Conrad,Chan and Miller, 2019). To build innovation and creativity in the funnel of company management, keep committed trained staff members and enable strong marketing, promotion tools with best resources for gaining large market share. USP USP is considered to be essential part of company business framework onto which the marketers and business planners can actively contribute in gaining strong position among
customers market share. USP works as an important asset for company in delivering best products to the customers and in occupying high goodwill and stronger profit revenues through structured business plan (Garcia and FCAP,2018). Quality assurance:The quality of raw materials, coffee beans which are used in the final products within Bright Coffee house cafe will be highly fresh and sourced from the best organic farms. The quality standards offered to customers will be strongly factored for higher optimum goodwill attainment and for providing best services to customers who come in for experiencing comfortable experience. Location is the key factor: The location of Bright coffee house is strong factor onto which company will be focusing for high convenience of customers, and the location being at middle for city will enable in providing strong availability factor. Best facilities: The Bright coffee house uses best resources and infrastructure for presenting the customers high quality comfortable stay while they come in the cafe, with customised products menu available and free wi-fi access being best factors. The aroma and positive vibes with which staff present services to customers has been one of the biggest strength in attaining large goodwill factors. Market analysis Swot is an effective tool for analysis of internal factors through which The Bright Coffee house can gain knowledge on various aspects of company business framework. Strengths:Bestingredientswithhighqualityassuranceamong products. Calm and comfortable ambiance at cafe for providing customers best experience (Grindsted, 2018). Moderninfrastructure,walldesignsandhighquality factors of being in the central location of London. Weaknesses:High prices from other coffee cafes and restraints in the same location, which may divert customers. High competition from external forces and market areas incoffeecafesindustrywithvaryingcustomer’s preferences. Opportunities:Expansion into new market areas, locations with more convenience factors to attract young age population.
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Bringing in more talented young staff members and team employees with trained efficiency to offer bests services to customers. Threats:Presence of high competition among marketers and cafe markets with new innovative launches and technology usage. Demandhighlychangingamongcoffeedrinkersto innovate the products, which impacts pricing decisions on long term. There is also threat of increasing raw material prices which also impact the prices of outputs highly. Marketing plan strategy STP are the most important tools of marketing and the base onto which Bright coffee house can bring forward best marketing strategies among customers market share, potentially train forward the staff members to target new segments of customers. Bright coffee house need to plan the STP tools to leverage the best services and technically bring forward best elements of marketing and promotion through digital media usage. Segmenting:The Bright house cafe will segment its customers market share fro gaining strong composition of customers, enable wellconstructed promotional services and provide best quality products to cater huge opportunity among marketers Targeting:Bright house cafe will be targeting all age group customers and potential marketing segments for gaining huge working opportunity to target effectively with best promotional ideas. Positioning:This phase is highly important for occupying the best optimum place fort itself among other company brands or cafes, provide customers with best output services for enabling them higher goodwill and strong financial revenue profits attainment (Kahn and Baum, 2020). 4ps of marketing
Place:Bright coffee house tends to place itself in the coming years among various best locationsfor higher customer marketshare composition, gaining best facilitiesand resources to market out the gaol among new segments of customers. Product:The marketing factors will highly focus towards designing of product quality factors and best quality of fresh ingredients enable to serve premium services. Innovation is the main tool through which larger product development will be enabled. Price:Bright house coffee products are highly reasonable in strategically deciding its price range of various products, beverages and be cost effective in all marketing technology factors for higher promotional business avenues. Promotion:Bright coffee houses will pertain to use best promotional services and advanced tools of marketing through social media optimisation, high quality creativity development along with relative synergy of high optimisation factor for more higher promotional business avenues. Management teams hiring Bright house cafe plans to hire best management skilled employees, team members and staff specialistswhoareexperiencedofworkingincafeandpossesinterpersonaland employability skills to build high ethical working scenario. The management teams will be hired on the basis of their interview which will be highly focused to get optimum functional targets, turn cost effective inputs into best outputs for gaining larger working profits and revenue among customers. Marketing strategies Online digital marketing tools: Bright coffee house shall be using digital marketing tools and online platforms for establishing higher marketing avenues into expanded customers share. Innovative marketing strategies will enable in catering large customers through online presence with various pages and online websites where company can present out its services and products portfolio effectively (König, Gudd, and Baltes, 2017). Financial resources The major financial funds of bright coffee house lies from bank loans and investors payments among which angel investors are the most optimum target onto which company can highly relate to for gaining strong services at products. Angel investors are highly important
investors for company who also posses high advantage to take key role in best decisions and functionally be present for providing cost effective structure. Break even analysis is an important tool through which company can gain knowledge on which Bright coffee house will be covering its initial cost of manufacturing and investments. The company through breakeven analysis is expected to achieve within 2 years of time period during the business development plan. Cash flow Predictions will be enabling company to observe financial positions by evaluating incoming profits, range of inputs which are operating within fixed period a. Additional cash flow tends to generate possible ways through which higher generation of income and profit is funnelled into company services. CONCLUSION The report concludes the various parameters of business plan onto which Bright coffee house can effectively build its structure and be always technically efficient in bringing forward the best standards to serve customers. Business plan has concluded various paradigms, innovative marketing parameters and functional operations which needs to be integrated within company to bring forward best ingredients and fresh products for customers.
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Investors Coffee growers Marketers Production Marketing Packaging and designing plants Fast coffee shop Quality products Social media relationships Home and office clients Supermarket retail chains Malls Shop rent, human resources and infrastructure costing Per item shop purchase factors
REFRENCES Books and journals Cojocaru, M., 2019. The Economic Argumentation of Business Plans for Agricultural Enterprises.Sustainable development. Conrad, M., Chan, V. and Miller, L., 2019. Writing Business Plans for a Life Science Startup or Clinical Program.Academic Entrepreneurship for Medical and Health Scientists.1(2). p.2. Garcia, C. and FCAP, M., 2018. Strategies for integrating digital pathology into your business plans and workflow. Grindsted, T. S., 2018. Regional planning, sustainability goals and the mitch-match between educational practice and climate, energy and business plans.Journal of Cleaner Production.171. pp.1681-1690. Kahn, M. J. and Baum, N., 2020. Entrepreneurship and Formulating Business Plans. InThe Business Basics of Building and Managing a Healthcare Practice(pp. 37-41). Springer, Cham. König, M., Gudd, G., and Baltes, G., 2017, June. Business model validity in early-stage technology ventures' business plans testing agreement between text and reality. In2017 International Conference on Engineering, Technology and Innovation (ICE/ITMC)(pp. 930-937). IEEE.