Entrepreneurship: Business Plan for The Burger Factory

Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Entrepreneurship is a process in which high-level of risk is taken by the entrepreneur for
setting up a business (Belz and Binder, 2017). With it, the entrepreneurs are able to make sure
that they earn higher-level of profits in the future time period by providing the customers with
the right products and services. In this report, detailed discussion will be made on business plan.
The plan will be created for The Burger Factory. It is a fast-food restaurant. In this business plan,
detailed analysis will be made on the multiple factors which can create an influence on the
business in the short-term and long-term.
MAIN BODY
Name of the business- The name of the business will be The Burger Factory. It will be
operated in the sole trader mode. The sole trader mode is preferred because the size of the
business is small in nature. Also it requires limited investment to be made in it. Therefore the
sole trader mode is highly suitable for it to carry on its operations effectively and efficiently. In
this way the entrepreneur will be able to pay more attention towards the functioning of the
business and will be able to properly manage it. Thus it is required from the part of the
entrepreneur to identify the right approach to be adopted for the management of the business in a
highly effective manner. With the adoption of Sole Trader Mode of operation the business will
be able to achieve its goals and objectives in the future time period. Therefore it will be suitable
for it to operate in this mode.
Products and Services offered-
Products-
 Burgers- The Burger Factory will provide different types of burgers to its customers.
This will be its main product and high-level of focus will be made on it. Therefore the
company will aim to provide the burgers at reasonable rates to its customers so that they
can be attracted towards it.
 Other Fast Food Items- The Burger Factory will also provide various other fast food
items to its customers like French Fries, Pizza, Pasta, Sandwich etc. The firm will there
fore provide a good variety of items to its customers.
Services-
1