Entrepreneurship - New Business Assessment

This presentation highlights the business plan for a vegan restaurant and pet services business, including a description of products and services offered, objectives, SWOT analysis, operational plan, strategy for growth and development, and financial projections.

Entrepreneurship
(New Business)

Introduction
 Entrepreneurship is the process of starting of
new businesses connected with labour, capital
and in order to generate revenue profit.
 While starting a new business various risks and
rewards are also considered to make a business
plan.
 This presentation is going to highlight the
business plan with the description of services
offered with operational plan.
 It further includes the financial information
based on the target market for the financial
performance.

Type of Business
 As the consumers are getting aware for what they
are eating and adopting sustainable way of living.
 It will be a good and innovative idea to start a
vegan restaurant for people with promoting
animal welfare by adding all the pet things that is
a kind of bakery and accessories like animal
bowls, food, toys, beds, kennels and also the
grooming sessions.
 The name of the business can be “Nature and
Food”. Where the people are allowed to bring
their pets and with the menu for animals too

Description of products and
services offered
FOR VEGAN RESTAURANT
 It can provide and make food with lentils, seeds,
nuts, pasta, bread, fruits, vegetables, with soya
milk, coconut milk or almond milk.
 Smoothie bowls with fruits and nuts or cashew
milk.
FOR PETS
 It can provide services such as pet training,
grooming with affordable vaccinations and
care for the pets.

Objectives
FOR VEGAN RESTAURANT
 New and easy vegan recipes
 The nation healthier
 Lower fat and cholesterol free
FOR PETS
 Pet adoption and rescue
 Allowed to spend time

SWOT Analysis
STRENGTHS
 The love for animals will provide the best customer
experience and create a positive feedback for the
business.
 The business provide high quality of healthier
products.
WEAKNESSES
 For the pet grooming sessions highly trained and
skilled staff is required.
 Price of vegan food is highly priced than other
businesses.
OPPORTUNITIES
 The competition in the market is less as there are
less competitors that can be an opportunity for the
business to grow and expand.
 Growing numbers of vegetarians.
THREATS
 The assets can be damaged by the pets and to handle
them trained staff with higher pay is required.
 Some people are not dog lovers and allergic to dogs.
 Competitors offer the food dishes at a lower price.

Operational Plan
For smooth functioning of a new business
operations this plan is required to outline the
issues related in successful running of
business.
 Strategies- New business set up is
Market segmentation
 Timeline- 3-4 Months
 Budget- $20,000 - $40,000
 Responsibility- To attain the objectives
and KPI’s

Strategy for growth and
development
 The customers can pay a charge for say half an hour to get
the complimentary drinks and food items.
 Overcrowding must be avoided and limit on number of
people for smooth operations because losing control over
the situation of animals can be a risk
 The new business set up must have a separate zone and
area for pets because to some people roaming pets near
them can be an issue and objectionable.
 Diversification is done by moving into new market with
new products and services to create a loyal customers.

Financial Projections
Equipment budget Amount
Espresso Machine $750
Coffee Maker $800
Coffee Roaster $1,500
Refrigerator System $4,000
Water filtration system $2,000
Total $9,050
Capital
Short Term Amount
Trade Credit $1,500
Commercial bank loan $3,500
Long Term
Secured loan $15,000
Business Loan $30,000
Total $50,000

Conclusion
It can be concluded that to execute a new setup an effective business and
operational plan is required to have a greater clarity in the aspect of business
from marketing to finance for products or services. The above report concluded a
business plan which can help in deciding the products or services in the market
place with the strategies for growth and development

References
Books and Journals
 Alvarez, S. and Barney, J.B., 2020. Has the concept of opportunities been fruitful in the field of
entrepreneurship?. Academy of Management Perspectives, 34(3), pp.300-310.
 Blank, S. and Dorf, B., 2020. The startup owner's manual: The step-by-step guide for building a great
company. John Wiley & Sons.
 Dana, L.P. ed., 2021. World encyclopedia of entrepreneurship. Edward Elgar Publishing.
 Kuratko, D.F. and Morris, M.H., 2018. Examining the future trajectory of entrepreneurship. Journal of Small
Business Management, 56(1), pp.11-23.

Thank You