Innovation and Entrepreneurship: Business Plan for Indian Empire Restaurant in UK

INNOVATION AND
ENTREPRENEURSHIP

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK-1........................................................................................................................................3
TASK2.........................................................................................................................................4
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................1

INTRODUCTION
An entrepreneur is an individual who starts a new business, bear the risk and enjoy the
profits of the business. The process of setting up a new business is called entrepreneurship. It
involves the innovation and generating new ideas for the business. This helps the entrepreneur to
develop new ideas and provide products and services to the customers(Muñoz, and Cohen,
2018). The report is based on the business plan to start a theme based restaurant named Indian
Empire and whole market analysis will be made regarding the size and location of the restaurant,
type of food and services to be provided and various other facilities. Apart from this the report
will cover the SWOT analysis and related financial requirements for the restaurant.
MAIN BODY
TASK-1
Business idea refers to the creation of new and innovative and unique ideas for the
success of the business. It also focuses on product development and variety of services provided
by the organization. Indian Empire is a restaurant which will operate in the hospitality industry
and will provide food services covering the dishes from different states of India. The restaurant
will serve the meals from different countries of India in UK. The main purpose is to enhance the
culture for Indian food across the countries. The theme of the restaurant will be based on the
different cultures and tradition of the Indian culture(Savall, and Hillon, 2017). The intention of
opening Indian restaurant in UK is not only to earn profit but also to promote Indian food culture
and provides a variety of Indian meals that is famous in those parts. It includes the Rajasthan
food, South Indian food, Punjabi food etc. The purpose is to provide the best treatment to its
customers and to develop the taste of Indian food and for the people of Indian origin to get the
taste of the Indian food(Chotiyanon, et.al,, 2018). The restaurant also provides the online
delivery services to the customers and providing different payment options without causing any
delay in the services. Providing services is not the only objective of the business but to satisfy the
customer is also important.
The restaurant delivers superior quality of services and a wide variety of dishes that is famous
food of that country. Online booking facility is also provided so that customers do not have
difficulty when arriving at restaurant. The protocols related to Covid-19 will be strictly followed
and proper sanitization will be done for the safety and health of the customers. There are fewer