Growth Sustainable Business Plan for Herbal Vibes Company

Enterprise and
Entrepreneurship

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Your proposed future business...............................................................................................3
Identifying your target customer on B2C...............................................................................4
Competitors............................................................................................................................4
Skill analysis...........................................................................................................................5
Profit and Loss accounts and proposed two years cash flow forecasts including break even5
Evaluating and selecting suitable sources of funding for growing the business opportunity 6
Various types of organization and management information system required to control the
business effectively................................................................................................................6
Vision of the business idea.....................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
Books and Journals.................................................................................................................8

INTRODUCTION
Enterprise can be defined as integrating all the activities of the organisation whether it is
large or small company and generally the activities are carried out by the employees of the firm.
In relation to the small enterprises risk is relatively low in the long duration. There are various
types of risk that are legal threats, financial loss, competitors etc. For this report the Herbal vibes
company has been undertaken into account (Henry and Dana, 2019). They have operations in
various types of beauty products that they serve to their customers in the market.
Entrepreneurship can also be defined as the use of the various innovations by the entrepreneurs
in the organisation which results in the more success of the business. There will be discussion on
the proposed future business and will identify target customers on B2C. Along with that the
effect of the competitors and the skills will be evaluated. At the end of the report suitable sources
of funding will be analysed in relation to the organisation.
MAIN BODY
Your proposed future business
In order to increase the activities of the business operations in the future it is very necessary
for the management that they must exercise different types of ideas.
Management department of the company should diversity their products at a variety of
ranges through which they can introduce new herbal products in the current market. In relation to
the herbal Vibes it has been evaluated that the consumers who prefer more hygienic and safe
products can be the target audience for them.
Second, with the help of introducing new herbal products in the market the organisation can
increase their profitability. Products like hair oil, hair mask, creams and face packs with the new
innovations can attract lots of customers towards their business. By providing these quality
products in the market they can also establish available brand image in the eyes of the customer.
Third, it is very essential for the upper level of the management that they should hire skilled
and professional employees so that the management functions can be performed smoothly and
the products can be deliver in the market on time (Page, 2021). Through more professional
employees organisations can easily analyse the needs and the wants of the customers effectively.