Reflective Writing on Entrepreneurial Skills and Business Plan

Management
Entrepreneurship
Student’s name
8/12/2019

Entrepreneurship 1
Entrepreneurship mainly highlights about the capacity and the willingness to develop, organized
and manage the company along with the risks of generating the profits (Burns, 2016). This is
mainly taken up by the entrepreneurs whop mainly takes actions to solves the issues , bring
people together, build new strategies and constantly takes actions to ensure the business progress
along with the world progress (Bird, 2019)
By using, the Gibbs model of reflection, which comprises of six stages, helped me and my team
to know about the various loopholes while working within business, I also analyzed the internal
strengths, weaknesses and current and upcoming situations for the workplace and solutions for
the doing well in future (Kuratko, 2016). The situation was to create a business plan such as
opening an organic based restaurant with various different techniques and methods and attracting
the large base of customers in short period of time. The idea of opening a healthy and organic
based restaurant came up by seeing more health conscious people, by seeing their specific diet.
My four partners and I thought of opening a new restaurant, which delivers organic food to the
customers who are health conscious (Husebq, O'Regan, and Nestel, 2015)
Description-
This report mainly highlights about the reflective writing upon the feeling and the concept based
on the my entrepreneurial skills. This reflects about the business plan, which mainly highlights
about the last experiences, which influenced us on deciding the start up with the some new ideas.
Therefore, Gibbs model of reflection or this reflective cycle helped us to think systematically
about the experience and the activities, which were taken into considerations (Qin, 2016)
A logical conversation were taken into account in between me and my team members in which
we discussed about the recent trends which are connected with our business idea. The roles
which were to be performed were decided among three of us that which activity which person
will be performing. Other than this, to collect the outer information, which mainly highlights
about the other businesses who deals in similar aspects share their work experience with us, and
we also got various opportunities to ask them about the issues which arises in this aspect and also
got various feedbacks about our business ideas. Hence, while considering the results it was seen
with time that many people are aware about their improper diets and now they are getting
conscious day to day. Therefore, by seeing this, my team members and I was very sure about the

Entrepreneurship 2
success as more of people will shift to the dietary foods and for that, our restaurant will serve
them the best. By seeing so many ups and down while creating decisions was a bit challenging
but on the other hand I was seeing various opportunities to work with the different mindsets and
circulating a strong idea, which is feasible and widely acceptable by all (Hannon, 2018)
Feelings-
When we thought of this startup, we were very much excited and looking forward to the
response when people got to know about our idea and the servings. For this, we step wise, started
researching about the market trends, which all other deals in with the same businesses in other
countries and what cost and materials are involved in it. Before working on this project we
thought it would be simple and easy and it’s a new concept but I and my team realized it
afterwards that it requires a lot of research and that wasn’t that much simple. Our biggest fear
was in concern of financial sector as well as our idea will work or not as people are conscious
about their diet but whether they prefer to have healthy food from a restaurant was a big
dilemma. I realized that coordinating the efforts of all the team members towards the change was
a difficult task. I was not able to handle the difference in perceptions of team members and was
facing complexity in successful accomplishment of the business idea (Harms, 2015).
After realizing the complexities, I have taken a strategic move to motivate the staff members by
rewarding and proving them the opportunities to develop constructive ideas for taking the plan
further. This helped me in integrating the efforts of all the team members towards the common
goal. After this, things were becoming clear on what we are expecting is being fulfilled. But in
concern of financial aspect, at an earliest stage only I was concerned about the startup costs but
after listen to this, my three of the partners were against it they thought the every first thing is to
collect information about the groceries which will be needed further. Nevertheless, later I
realized that rather than arguing with them I gave them the proof that at the beginning of the
business, person needs to collect all the information after the knowing about the market,
customers likings disliking, preferences, choices. All this can be known through the marketing
plan accordingly the company tap those areas and stores, which keep such kind of raw material
which are preferred by the customers. During this phase, my other two-team partners were also
expressing the views, which makes the conversation a bit argumentative and leads to
misunderstanding and discouragement among the team members but later I stopped and allow