Entrepreneurship Development: Good Vegan Restaurant Business Idea

Name: Good Vegan restaurant
Business idea:
Vegan food restaurant in the heat of
London
Location: Walkie Talkie / 20
Fenchurch Street
Purpose: Offer a large variety of
vegan food
Target market: Health conscious
people and specially for
vegetarian people who can taste
the non-vegetarian food without
actually consuming non-
vegetarian food

Newness:
The idea of vegan Good Vegan restaurant will prove to be new
and best specially for vegetarian people who can’t eat non-veg.
Uniqueness:
The most important aspect that will make the Good Vegan
different from other is its wide varieties of food with the taste of
non-veg and available at best price.
Reason of profitability:
This will be profitable because it will meet bring
newness in market with the availing of wide range of
food taste and variety to its customers.
Competition beating:
Inspite of the presence of large number of restaurant
the Good Vegan will bet the market competition with
its value based pricing strategies and its good taste
VRIO framework:
Viable:
Yes, because it will meet the need of
vegetarian customers.
Rare:
Yes, its products are rare in the market of
London.
Inimitable:
No
Organization:
Fully organized with adequate utilization of
resources.

Creative cognitive work that applied elements of the taught
syllabus to develop and validate the new opportunity.
 Creative cognitive work plays strong role in
growing business competently within
extended domains, where elements such as
extended determinants for growing new
opportunities are there.