Entrepreneurship: Business Plan and Sources of Business Finance

Entrepreneurship

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................6

INTRODUCTION
Entrepreneurship define as the activity and procedure of creating, launching and operating a
new business that is often originally a small business, or as the capability and willingness to
improve conduct and administrate a business enterprise along with any of its threats to make a
revenue and profitability. It is crucial as it has the capacity to develop benchmarks of living and
create wealth not only for the entrepreneurs, but also for connected businesses. Business persons
also assist drive change with innovation, where new and developed commodities assist new
markets to be improved (Fairlie and Fossen, 2018). For the completion of this assessment,
Sainsbury is the business firm which is considered and operate its business at global scale. This
report will consider information about alternative sources of business finance and their relevance
the contemporary business practice and business plan ideas as well as concepts.
MAIN BODY
From the assessment 1, this has been analysed that by using and making implementation of
new technology in the business an establishment can make development in its business activities
and operations in term of running and operating them. Along with this, by making use of Robot
technology, the administration of Sainsbury can operate its business in more successful manner.
In context of this adaptation of new robot technology, the business plan of respective venture is
defined as under:
Business plan
It is a written report and a blueprint of the future business. This plan lays out a written
description from marketing, financial and operational perspective. The key objective of a
business plan is to identify efficient new ideas and scope. Business plan is majorly included as
format framework is made to offer business a true and required framework to carry out its
business operation (Hilorme and et. al., 2018). Sainsbury is a well known business venture and a
supermarket which is going to make innovation in its business by adopting a new technology
“Robot Technology” that will assist in making development in its business profits and
productivity. The business plan will be framed in reference to utilisation and implementation of
new technology with the purpose of offering effective services and improving revenue and
efficiency.
Executive summary/ Business description
1