Entrepreneurship and Business Development: Herbs Planet Case Study

ENTREPRENEUR AND
BUSINESS DEVELOPMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Business concept .........................................................................................................................3
Evaluation of feasibility in the industries, markets, businesses and finances..............................4
Value chain and business model canvas of herbs planet.............................................................7
Designing suitable concept for identifying how potential risk managed.....................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
The purpose of this report is that describing roles as starting new business or franchise
and currently my company name is Herb Planet. It is located in UK which falls under category of
primroses, ground ivy, mint, coriander etc. Main aims to provide better facility for people's they
attract towards products by find them more innovative. It is established for purpose of gaining
sustainability growth in environment to attract consumers in order to build productivity in
workplace. Due to people are most conscious about their health we are providing them with
facilities of herbs products that they will use in making their products which are used for eating,
drinking purpose. Furthermore, study will also implement new models, their elements, nature for
executing firm in innovative and creative ways through ideas, thoughts with concern market that
conduct suitable assessment of firm, company's financial feasibility. Determine through value
chain model and business model in context to company by designing quantitative or qualitative
theories to identifying circumstances of inherent that may be managed from this.
MAIN BODY
Business concept
Herbs are being utilised more and more not just in cuisine, as well as in smoothy and tea
production. Generally these are considered to be good sources of aroma, nutrition and the flavour
and look of veggies, soup, sauce and roast are improved. Various herbs are also part of modern
food trends. The Herbs Planet launched a campaign to encourage shoppers to take home fresh
herbs . Herbs Planet plans to provide some fresh imported herbs on the market, which are
unusual for food production.(Bigelow, and Barney, 2021.) The major herbs of the Planet
include basil, mint, wise, coriander, and so on. Ginger and cardamom are the major spices
supplied from India. for any organisation business assessment is not easy. And for start-up
company task of giving an evaluation is especially difficult with less or no revenue or profits
and with fewer potential results. The core of the organisation is business knowledge. Based on
the herbal planet's success in conducting a business online and also in the retail market, the
various legal structures for the business are essential for the creation of a strategy that will be
beneficial on the online platform and where special circumstances are best recognised. Herbs are
a vast, dispersed plant category, excluding nutrient vegetables and other plants with savoury or
fragrant characteristics used in culinary seasoning and adornment, medical reasons or perfumes.
Typical food usage differentiates herbs from spices. Herbs are often referred to as leafy portions

of a planet (either fresh or dried) and greenish or blooming parts, whereas seed, trunk, bases are
normally made and dried from other areas of the tree. Susceptibility to start-up costs and
financial organization, as well as knowledge of the market in which the herbal plan will operate
their business. (Alotiby, and Al-Harbi, 2021.)Nearly every customer has a variety of dried herbs
at homes, which is frequently a chance to explore various combinations. Once done, consumers
will typically use fresh herbs on special events. In the meantime, all-in-one spice blends are
popular among young customers, who does not know exactly how mix all the spices. company
must meet certain food standards that are hygienic and the safety method for the importation of
herbs and spices from outside the nation. The company does not require a medical certification
for importing herbs. The company's main headquarters, which will operate all its operations in
Scotland. Company have two partners who is going to raise funds for the company start-up and
share the profit and loss equally.
Evaluation of feasibility in the industries, markets, businesses and finances.
industry analysis
An industry analysis is an examination of the industry in order to determine a company's market
position. It assists a start-up firm in determining its market position before entering the market. It
also aids new businesses in forecasting corporate demand and supply.
Porter's five forces Michael Porter popularised one of the most well-known frameworks for
industry analysis, known as Porter's Five Forces.
The level of rivalry in the industry: For a variety of factors, including as the adoption of minimal
carriers, entry flexibility, low fixed costs, and low entry barriers, the food sector in the United
Kingdom is very competitive. Because there are so many substitutes and industries accessible,
consumers have a multitude of options for purchasing the goods. competition will be ensured by
the herb planet.
Potential newcomers pose a threat: threat of newcomers in market are always be their because
of the multiple option of funding from banks and private sector for astart a business. For Herbs
Planet, new entrants will have little impact because their primary focus is current companies.
Suppliers' bargaining power: Suppliers have a lot of bargaining power in the food business
since there are so many alternatives available at varying costs on the market. The start-up firm