Entrepreneurship & Business: Case Study, Plan & Essential Elements

This report provides an overview of entrepreneurship in business, covering the role of the entrepreneur, business planning, and innovation. It analyzes the essential elements of the entrepreneurial process, including innovation, organization, risk, and vision. A business proposal for Leefs Cafe is presented, outlining the company's executive summary, mission, vision, industry and market analysis (SWOT), personnel and management, and financial plan. The report concludes that an effective business plan and a capable entrepreneur are crucial for business success, emphasizing the importance of identifying and capitalizing on market opportunities.

Entrepreneurship in
Business report Case
study

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK...............................................................................................................................................3
Demonstrate your knowledge and understanding about the following.......................................3
Analyse the essential elements of the entrepreneurial process...................................................4
Prepare (with synthesis and creativity) a business proposal / plan on any business of your
choice..........................................................................................................................................5
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The business individual or an entrepreneur is a person who functions economical and
organisational operations to maintain the risk and issues. Entrepreneur is refereed as the relation
of improvement, advance thought of ideas who function in them and entrepreneur will measure
and their section of dealing with their staff members (Drobyazko and et. al., 2019).
Entrepreneurship is the process of planning, producing, creating and starting new organisational
thought in management. In the following report it covers the scenario to present key terms about
role of entrepreneur, business planning and as well as innovation. It also covers essential
elements of the entrepreneurial procedure and at last it covers business proposal or plan.
TASK
Demonstrate your knowledge and understanding about the following
The role of the entrepreneur
Entrepreneurs will help and support the business in evaluating the requirements of the
customers through which the management develop those services and will provide to their
customers. On the other hand, entrepreneur covers varied divisions and changes among
entrepreneurial venture and entrepreneurship. After managing various issues entrepreneur will
get high term of chances in their management. They create their business with small number and
with fixed resources to meet their organisational needs (Kuratko and Morris, 2018).
Entrepreneurs will adopt their own policies and develop their own managerial tactics that will
not related with any other organisation. Entrepreneurial such as Steve Jobs, Mark Zuckerberg
they are the entrepreneurs who perform their roles to develop the management as efficiently.
Some time they needed to copy another by measuring their knowledge and skills and their
structure of success at the field of the market place.
Business planning
Business plan will termed to the road map that draw data of start up management that
involves their aims, targets and as well as objectives to the manner of accomplishing targets. It is
a structure of the management that involves form of financial and as well as functional point of
view. It is an essential document that are utilised for influencing investment before developing
the management.
Innovation

Innovation is the fundamental procedure in the business and it is important through which
higher amount of customer might get have an impact as according to the business. Innovation is
an effective manner of formulation and the procedure that are utilised by the management in
respect to develop orientated idea. Such innovation will involves varied sort of new goods and
exercises to demonstrate the way of goods and their facilities to create original application in the
course of market place (Ratten and Usmanij, 2021). It will be efficient when there are various
section and system in respect to increase the role of authentication, specialized monitoring,
advertisement and reviewing of the goods and their facilities in terms of customers.
Analyse the essential elements of the entrepreneurial process
As there are four main elements of entrepreneurship such as innovation, organization,
risk and vision that are discussed below - Innovation – The entrepreneur contribute to the economical terms of changes and
innovation and the level of such section will make sure to success. They execute creative
thoughts on the accessible chances and bring out something new. The new thoughts can
be goods, technologies, facilities, manufacturing techniques, marketing tactics and so on. Organization – Organisational skills are highly essential in creating the concept of
entrepreneurship. By this section there are workers who are linked to it. An entrepreneur
requires to control all such individuals and the procedures in an effective and efficient
manner. Risk – All management covers risk and issues and on the other hand, in entrepreneurship,
it is sole roles of the entrepreneur to be termed as “one man show”. Without taking risks,
management cannot boost up and it will lead to severe losses. Risk taking is other term
for using opportunities and gaining competitive edge over other performance in the same
field of market place.
 Vision – An entrepreneur should have strong and effective vision if they want to get
succeed in the management. The planning of the entrepreneur identify that how the
company and another management approaches that will functions (Wadhwani and et. la.,
2020). The manner of entrepreneur supervise their management and analyse that how the
organisation moves forward and the proficiency is get to be earned.

Prepare (with synthesis and creativity) a business proposal / plan on any business of your choice
Executive Summary - It demonstrate about existing business plan of Leefs cafe involves
higher term of step that are undertaken in respect to enlarge management at larger section.
Management of business covers diverse range of products and services and push them forwards
to enlarge management at wider level.
Overview of company – It involves overview that has been initiated as per to the country
or nation in which it has been established (Sahut, Iandoli and Teulon, 2021). Management offers
qualitative services to their consumers at reasonable cost. It also involves presently functioning
of management.
Mission and vision of company - It involves mission of Leefs cafe is to get loyalty and
trust of business for surviving in the field of market place for longer period of time. On the other
hand, vision of management is to gain significant number of profit margin for strength the
market positioning of the management.
Objective -
 To maximise the sales of business by 40% up to 2023.
 To extend present consumer base in respect to gain higher term of profitability margin.
 To enlarge management in more nations.
Industry and Market Analysis
SWOT
 Strength - High qualitative products
 Weakness - Modifying in varied sort of beverages and drink
 Threat - Competitors
 Opportunities – Enlargement of management in new field of target market
Personnel and Management
Ownership - The management is operated by single proprietor
Number of employees - 20-30 staff
Financing Summary
The management is started with lower finance but after the management has invested higher
number in extending the management.
Financial Plan
Cash flow statement:

Balance Sheet:

CONCLUSION
From the above mentioned report it has been concluded that, effective business plan and
potential entrepreneur is essential for management in looking forwards for progression of
business. As there is no need to analyse the chances that are exist in the field of market place by
which the managerial owner can maintain those opportunities for success of business.

REFERENCES
Books and Journals
Drobyazko, S and et. al., 2019. Entrepreneurship innovation model for telecommunications
enterprises. Journal of Entrepreneurship Education. 22(2). pp.1-6.
Kuratko, D.F. and Morris, M.H., 2018. Examining the future trajectory of
entrepreneurship. Journal of Small Business Management. 56(1). pp.11-23.
Ratten, V. and Usmanij, P., 2021. Entrepreneurship education: Time for a change in research
direction?. The International Journal of Management Education. 19(1). p.100367.
Sahut, J.M., Iandoli, L. and Teulon, F., 2021. The age of digital entrepreneurship. Small Business
Economics. 56(3). pp.1159-1169.
Wadhwani, R.D and et. la., 2020. Context, time, and change: Historical approaches to
entrepreneurship research. Strategic Entrepreneurship Journal. 14(1). pp.3-19.