(solved) Report on Business Plan

Added on - 22 Jul 2020

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Business plan
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1SECTION 1......................................................................................................................................1Background.............................................................................................................................1Purpose...................................................................................................................................1Objectives...............................................................................................................................1Project scope...........................................................................................................................2SECTION 2......................................................................................................................................3Business case project benefits................................................................................................3Risk analysis...........................................................................................................................4SECTION 3......................................................................................................................................6Roles and responsibilities.......................................................................................................6Project organisation chart.......................................................................................................6SECTION 4......................................................................................................................................7Initial project plan...................................................................................................................7Human resources requirements..............................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONTo present the business on a large scale will need a favourable planning, decision makingas well as appropriate funds. The restaurant business is the most successful and highlycompetitive in the business segmentation. In the present report there will be an expansion planfor Rostories a Romanian restaurant located in Kannington Park and planning to operate a newchain at Lambeth. There will be adequate planning for the expansion of this traditional restaurantwhich includes purpose, objectives, scope of the project. There report will also highlight riskanalysis, costs and duration of the project with the help of time scale and gantt chart.SECTION 1BackgroundThe report is based on development of Rostories Restaurant in UK as a Romanianrestaurant. This business has been following a traditional or cultural influence in dailyoperations. The project will help in analysing consumer preferences as well as the current marketscenario. In order to develop Romanian business in the UK, there will be requirement of highconvenientservicesto consumers such as talented staff members, good ambiance, adequate costsor budgets, better managerial professionals etc. Furthermore, the report helps in identifyingvarious risk factors and methods to overcome such obstacles as well as there will be planningrelevant with establishing a new restaurant chain in Lambeth.PurposeThe motive behind this project is to facilitate the managers and professionals in the firmwith appropriate knowledge and tactics to start up a new chain of business in the new location.Therefore, in the current times there has been large numbers of continental food restaurants inUK which belongs to different nations but there have been a very few numbers of Romanianrestaurant (Mason and Stark, 2004). The aroma and taste of the cultural dishes will have the goodimpacts over consumers preferences. To develop the business, this is essential in terms ofattracting the large numbers of consumers with the help of marketing and presenting the businessidea to them.ObjectivesIn order to develop the venture, there is need to analyse the adequate business plan witheffective motive and objectives. The aim must be clear and reliable so the workforce would pay1
attention and make efforts to attain such organisational targets. Therefore, it will be analysed asSMART approach:Specific:In terms of setting the organisational objectives, there is need to have the mostspecific, significant, simple and sensible aim. Therefore, in context with the businessdevelopment, the target of Rostories Restaurant is that there are very few Romanian restaurantsin UK so, it will be a unique idea to promote this tradition at this competitive environment.Measurable:In order to make efforts to expand venture at new place or location, thebusiness idea must be motivating and meaningful in terms of provoking workforce to makeefforts as well as attracting buyers for such operations (SMART Goals,2017).Attainable:These will be easily conquered by firm as well as profitable for the business.Thus, the idea to operate a Romanian Restaurant, Rostories in UK will need talented chefs, staffand the resources like natural ingredients etc. Therefore, the availability of such resources willhelp the business in achieving the goals as well as making the fruitful efforts.Reliable:The aims and targets must be realistic, outcome based or reasonable so it willhelp in attaining the trust and reliability of stakeholders of firm. The motive is to operate aRomanian restaurant in the new location that will help in attracting the consumers as well asserving them traditional or cultural dishes of Roman(Gabler and et.al., 2017).Time bound:To make the appropriate expansion, there will be need of adequate amountof finance or funds as well as the plan must be time bound. There will be requirements ofconstruction, interior designing, installation of machineries etc. which will need a proper plan.Project scopeTo plan for developing Rostories Restaurant in Lambeth there is ned to have the strategicplanning which in turn must be relevant with the goals, Deliverables, tasks, deadlines,assumptions, constraints (How to define the scope of a project,2013). Therefore, the project willhave proper execution if there is appropriate management and planning. It will require 10 weeksfor the completion of such business operations. Thus, in terms with the completions of suchexpansion project there will be need of monitoring the firm's daily operations.2
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