Growth Sustainable Business Plan for Chill Out Coffee - Desklib
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This report discusses the proposed future business plan of Chill Out Coffee, including customers, competitors, skill analysis, projected profit and loss account, sources of funds, plans for obtaining resources, and management information systems required to effectively control the business.
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Growth sustainable business plan
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Proposed Future Business............................................................................................................3 Customers....................................................................................................................................4 Competitors..................................................................................................................................4 Skill analysis................................................................................................................................4 Projected 2 year profit and loss account and proposed 2 years cash flow forecasts...................5 Sources of Funds..........................................................................................................................7 Plans for obtaining your resources, both tangible and intangible between now andeither 1-2 year ahead....................................................................................................................................7 The type of organisation and the management information systems required to effectively control the business......................................................................................................................7 Vision of business idea................................................................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION An organisation can be defined as a firm that performs some operating functions and these are undertaken by the owner. Business plan is a file that contains documents regarding the details of a new business idea or a thought and future goals and objectives along with details of its plans that are related to marketing, positioning of all capital and finances and also of the other details that are relevant to the business. All the responsibility of these operations are held by the owner. In this report, the company involves the introduction of caramel coffee shake in UK by Chill Out Coffee. In this report, proposed future business, competitors, costumers, skills analysis, sources are also discussed. MAIN BODY Proposed Future Business The proposed future business plan is the introduction of caramel coffee shake in UK. Chill Out Coffeeoffers people a wide variety of food and beverages and in context to present scenario, the organisation is offering Caramel Coffee shake to the potential as well as new customers of the company. With the growing changes and advancements within the technology as well as eating habits of people, Caramel Coffee Shake can be considered as an effective product and it is also in trend in the market place. The other key products of Chill Out Coffee include snacks, pasta, pizza, pastries, tea, pattize, sandwiches, donuts and many other food as well as beverages items. The organisation will provide such food and beverages items at superior quality which will help the business in capturing a large number of market share. This will provide assistance to the respective coffee shop in enhancing the level of its productivity, profitability and efficiency within the business in a short span of time(Aljuwaiber, 2020). The organisation will also bring innovative culture within the workplace in the name of the food and healthy products which will be offered to the market share. IPR will also be adopted by Chill Out Coffee in the form of the copyrights, trademarks, designing rights as well as many more. The trademark of the business will ensure the quality, design, logo, branding and patents that are associated with the business.
Customers The target audience will be the people who love coffee and caramel flavour. This introduction is done for the youth who is interested in having coffee and come with their friends and family or come for doing their office work(Barbosa, Castañeda-Ayarza and Ferreira, 2020). The customers will be provided with this coffee directly and these people will come toChill Out Coffee.The food and beverages products will be brought up by the people who love caramel coffee shake and other items of the organisation. In order to capture a wide number of market share, the business will also advertise and promote its coffee shop and its products through different promotional channels such as social media marketing, digitalisation and many others. Competitors The competitors are considered as the other businesses that can offer the identical or homogeneous products as well as services to the market share. The competitors ofChill Out Coffeewill be other cafeterias and restaurants that are offering similar products and these competitors include Costa Coffee, Caffe Nero, Coffee Republic, Patisserie Valerie and many others. The young generation is highly involved in getting new tastes of beverages and food items and therefore Caramel Coffee Shake will help the organisation in gaining competitive advantage over these competitors in the market place(Kim, ElTarabishy and Bae, 2018). The respective coffee shop will provide this kind of shake at superior quality and at affordable cost. Also the business of the coffee shop is required to frame effective strategies of marketing and selling its products so that it can easily attracts the customers within the UK and maintain customer loyalty within the business. Skill analysis There will be need for a lot of skills in inventing this new business idea of caramel coffee shake in UK. There will be need of greatly trained staff members. Skills required are as follows: Decision making is necessary for taking decisions at a faster rate. Timemanagementisimportantascoffeemakingandservingwillrequiretime management and also all other operations will require time management. Team coordination is the mostly required in operating functions of Chill out Coffee and this is the skill the firm lacks.
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To overcome this skill gap, proper communication and clear authority of working is needed. There will be clear authority in all duties and responsibilities and this will lead in overcoming of this problem. Projected 2 year profit and loss account and proposed 2 years cash flow forecasts
Sources of Funds There are many sources of funds that are available in market for chill out coffee for its business idea. It can get its sources from the market as well as from friends, family, relatives and other sources and cam also go for raising funds from market. These funds are personal funds that is funds from family, friends and relatives and also some personal savings. Loans and debt are to be raised by There are many sources of funds that re available in market for chill out coffee for its business idea. It can get its sources from the market as well as from friends, family, relatives and other sources and cam also go for raising funds from market(Morioka, Bolis and de Carvalho, 2018). These funds are personal funds that is funds from family, friends and relatives and also some personal savings. Loans and debt are to be raised by banks and other loan providing institutions. Along with these debts and personal savings, funds will also be raised with the help of crowd funding and business angels. Plans for obtaining your resources, both tangible and intangible between now and either 1-2 year ahead There is necessity for chill out coffee to develop effective and efficient planning for management oftheimportantresourcesthatareconnectedwithbusiness.Professionaloperational management should be considered for help in strengthening and managing of tangible and intangible resources of business. It will be also focus on its important suppliers of materials and bargaining will also be done to reduce the costs for the business(Nica, Potcovaru and Hurdubei, 2019). The total capital that is required for the first sale preparation of business will be 25000 GBP. And for generation of revenues and profits, anticipated purchases of capital and operations expenses will be need to focus. And total capital for start-up in new business idea launching required will be 20000 GBP. There will also be focus on the key approaches for the utilisation of cash and other resources in a very effective and efficient manner. these tangible and intangible resources are important for the business in its future growth and development in the market.
The type of organisation and the management information systems required to effectively control the business This becomes necessary forChill out Coffee to grow in an effective manner within the market place in a less time period by making use of the different key tools and techniques that helps the business in its development process. The practices that are based on the information technology will provide assistance to the organization in its growing at a rapid rate(Upadhyay and Kundu, 2020). It becomes a key role of a new start-up business to concentrate on application of IR for the purpose of getting success within the marketplace. The following are key requirements of Chill out Coffee as per the present scenario: DecisionSupportsystem:Itisassociatedwithinformationandtechnologythat facilitates in the process of business development and growth. Decision making of Chill out Coffee will get assisted through this type of system. It is a major role of organisation to concentrate on decision support system in order to take significant decisions within workplace. ManagementInformationSystem:Itisanotherkeyapproachthatfacilitatesan organisation in delivering the best practices and services(Wang, et. al. 2021). It is the key role of a business such as Chill out Coffee to take support of this management information system for enhancing the level of coordination between the employees as well as members of the team. Such kind of system can also assist a new business in the process of creating a great environment within the workplace. Customer Relationship Management System:It is also one of the key role of an organisation for concentrating on major aspects of the development of business. Such kind of system is an effective software that will provide assistance to Chill out Coffee in offering caramel coffee shake through concentrating on maintaining strong relationship with customers. Vision of business idea The future ofChill out Coffee is to provide the wide number of food and beverage products, especially caramel coffee shake, at superior and unique quality as per the perceptions and demands of the market share. Chill out Coffee also has its another vision of maintaining the standard of its food and beverages at both online as well as offline modes that will facilitate in long-term within the food and beverage industry.
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CONCLUSION From the above report it can be concluded that chill out coffee is proposing the idea of caramel coffee shake in the markets of UK. This report also includes vision in future of business, skills analysis, management in operations of tangible and intangible resources along with the customers and competitors of the business firm. This report also includes the organisation and management information system that are required for effective and efficient control of business operations and functions.
REFERENCES Aljuwaiber, A., 2020. Entrepreneurship research in the Middle East and North Africa: trends, challenges, and sustainability issues.Journal of Entrepreneurship in Emerging Economies. Barbosa, M., Castañeda-Ayarza, J.A. and Ferreira, D.H.L., 2020. Sustainable strategic management (GES): Sustainability in small business.Journal of Cleaner Production,258, p.120880. Kim, K.C., ElTarabishy, A. and Bae, Z.T., 2018. Humane entrepreneurship: How focusing on people can drive a new era of wealth and quality job creation in a sustainable world.Journal of Small Business Management,56, pp.10-29. Morioka, S.N., Bolis, I. and de Carvalho, M.M., 2018. From an ideal dream towards reality analysis: Proposing Sustainable Value Exchange Matrix (SVEM) from systematic literature review on sustainable business models and face validation.Journal of Cleaner Production,178, pp.76-88. Nica, E., Potcovaru, A.M. and Hurdubei, R.E., 2019. Resilient cyber-physical systems and big data architectures in Industry 4.0: smart digital factories, automated production systems, and innovative sustainable business models.Economics, Management and Financial Markets,14(2), pp.46-51. Upadhyay,P.andKundu,A.,2020.Linkagebetweenbusiness sustainabilityandtacitknowledge management in MSMEs: A case-based study.VINE Journal of Information and Knowledge Management Systems. Wang, X., Xu, Z., Qin, Y. and Skare, M., 2021. Service networks for sustainable business: A dynamic evolution analysis over half a century.Journal of Business Research,136, pp.543-557. Books and Journals