Entrepreneurship and Business: Developing a New Business Plan

Entrepreneurship and
Business

EXECUTIVE SUMMARY
Entrepreneurship an act of being an entrepreneur in which an entrepreneur creates new
business, generate new ideas and introduce new products and services and business procedures.
By the use of skills and great initiative an entrepreneur plays a significant role in economies. It is
one of the resources economist classify as integral to manufacture, the other thing being labor,
land or natural resources and capital. By combining three of them together to produce new
products and services in the market which typically required to create a good business plan,
acquiring resources, labor as well as funding of financing and significant leadership and
management skills for the business.

Table of Contents
EXECUTIVE SUMMARY.......................................................................................................................2
INTRODUCTION.....................................................................................................................................4
MAIN BODY.............................................................................................................................................4
TASK..........................................................................................................................................................4
Business Details......................................................................................................................................4
Products and Services..............................................................................................................................4
Market / Industry analysis.......................................................................................................................5
USP AND Competitor analysis...............................................................................................................6
Operations Plan.......................................................................................................................................7
Risk and contingency plan.......................................................................................................................7
Sales and marketing strategies.................................................................................................................8
Finance and funding plan........................................................................................................................8
Team management...................................................................................................................................9
CONCLUSION..........................................................................................................................................9
REFERENCES........................................................................................................................................10
Books and Journals:...............................................................................................................................10

INTRODUCTION
Entrepreneurship is an activity in order to become an entrepreneur. Entrepreneur is a
person who create and develop new business, enjoying most of the profits and bearing risks from
the business (Bishop, P., 2019). Entrepreneurship is a term or a concept in which a new business
venture is created and developed in order to gain profits by taking several challenges in the
corporate industry. A business venture is a formation of new business which includes plan and
expectations that makes money for the entrepreneur and encompasses with lots of things. The
report is going to prepare on developing a new business plan which will be created by the
entrepreneur. A business plan is understood as a written document which helps to run a business
smoothly, which defines core activities of business, objectives and plans to accomplish the
corporate goals. A good business plan should include an executive summary, market strategy and
its analysis, product and services, budget and financial planning.
MAIN BODY
TASK
Business Details
The new business will be recognized with the name of “Fresh and Healthy”.
This is a new business for restaurant which will be established in Glasgow, United
Kingdom. It will be specialized in vegan foods and products which purpose is to provide lots of
vegan and healthy food products in order to increase the healthy lifestyle and organic food to be
consumed by customers. The restaurant will intended to serve lots of varieties of vegan dishes
that will meet the needs of customer who are health conscious and it will always focus on
increase the demands by customers. As this is a new business will also followed government
guidelines and rules in order to serve food to the customers in a healthy and productive way so
that they provide services like dine in or take away or online services. This venture will use
fusion concept to prepare foods that can bring creativity and innovation so that food will be more
attractive and appealable to the customers. The restaurant business desire to serve as much as
tasty and healthy foods that will meet the demand and satisfaction of customers. The new
business venture will also focus on to use advanced technologies that will make business easy
and secure such as digital payment options that will save valuable time for both customer and
organisation and it will make payment more hassle-free.
The location of business will be at 9, Shepford Place, Glasgow, United Kingdom.
Products and Services
The restaurant will be serve dine in, take away or online services through which they can serve
various customers at a single time and meet the level of specialization in the market (Bullough,
A. and Et.al., 2019). As it is a new business it is also focus on to provide online payment services
through which they can deliver contactless services in order to meet the guidelines of covid-19
situation. For the menu the products will be delivered by the restaurant are as follows:-