Entrepreneurship Business Plan for Hollyhocks Floating Restaurant

Enterprise and
Entrepreneurship

Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................2
Proposed Future Business............................................................................................................2
Customers of Hollyhocks floating restaurant..............................................................................2
Competitors of Hollyhocks floating restaurant............................................................................3
Skill analysis................................................................................................................................3
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts..................4
Sources of Funds of Hollyhocks floating restaurant....................................................................6
Plans for obtaining your resources, both tangible and intangible between now and either 1-2
year ahead....................................................................................................................................6
The type of organisation and the management information systems required to effectively......7
control the business......................................................................................................................7
Vision of business idea................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
An enterprise is a firm performing certain functions and operations to earn profits.
Entrepreneurship is yet another process or procedure that is for launching as well as designing
and running of a new enterprise, that can be of any size be it small or of a big scale (Azizi and
Mahmoudi, 2019). The person who undertakes all these activities is entrepreneur with the main
motive to earn profit. Business plan on the other hand is a file consisting of documents that have
all the details and information about the future goals and objectives. In this report, Hollyhocks
floating restaurant is serving variety of food items and Italian and all other continental and all
other kinds. This report also discusses about proposed future business, costumers, skills analysis,
competitors and sources of funds in it.
MAIN BODY
Proposed Future Business
The proposed business plan of future is Hollyhocks floating restaurant that offers its
clients with a wide variety of food items like Italian and sea food and other different kinds. With
the help of different services and complementary deserts and its place has its own speciality.
The other important products of Hollyhocks floating restaurant are all different kinds and types
of food. The organisation offers different services to its clients of superior quality with
innovative methods and ways for serving the food to its clients in market. The organisation
provides delicious food and tasty food along with great quality services and clean and safe,
secured environment (Beaumont, Smith and O'Dwyer, 2022). Hollyhocks floating restaurant has also
adopted IPR in the form of trademarks, copyrights, designs of rights and many other.
Customers of Hollyhocks floating restaurant
The customers that is the target audience in the market are the people that love different kinds of
food. The serving of food is done with exceptional services to its clients, who are always
interested to spend quality time with their families and friends and also for the office work are
mostly the target audience of Hollyhocks floating restaurant (Ramsgaard and Blenker, 2021). The
customers are served with great services and delightful and tasty food with clean surroundings in

the environment. For capturing more market share the restaurant needs to advertise as well as
also needs to do promotion of its different food items along with the varieties that it offers to its
target audience of its customers with the help of various promoting modes or channels that are
there as such social media, digitalising as well as offline promoting channels and many other
modes.
Competitors of Hollyhocks floating restaurant
The competitors of a business are known as other business units that sell and offer its
customers and clients with same or identical products and services in the market. The
competitors of Hollyhocks floating restaurant are other business organisations that also offer
same Italian or sea food or other different food items that are being offered (Crammond, 2020).
These competitors are McDonald’s, Subway and KFC and many other competitors are there that
are present in the UK. The young generation in today’s world is highly involved and all
interested in getting new tastes of different and diverse and varied food items as this will also
help Hollyhocks floating restaurant to capture and gain different competitive advantages in the
market over these competitors. The Hollyhocks floating restaurant provides great and superior
quality food products and that too at affordable cost to its clients and customers. Also it is
required to frame and implement different marketing effective strategies for attracting the
customers in the UK market by maintaining customer loyalty in the business organisation.
Skill analysis
Innovation and invention always require different skills as they play an important role in new
business ideas and plans and also in the setting up or launching of new business organizations in
the market. Hollyhocks floating restaurant has great professional and trained employees that are
required in the operating of the organisation (Hassan, 2020). There is a lot of skills that are
required in the invention of different business ideas and also in the new addition of the business
that is Hollyhocks floating restaurant in the market in UK. Skills that are required are as follows:
 Decision making skills are required for taking decisions.
 Time management skills are also required in this restaurant as they require time
management in the making and serving along with other operations and functions.