Management Practices for a New Bakery Business

REPORT SELECT YOU
COMPANY

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
Introduction of the company........................................................................................................3
Capital sources for the new bakery..............................................................................................3
PESTLE ANALYSIS..................................................................................................................4
Potential risk involved in the business.........................................................................................5
Management practices for eliminating the problems in the business..........................................5
Recommendation.........................................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

EXECUTIVE SUMMARY
In this report, the discussion will be on the new business management. This report includes
the introduction and size of the new business. It will further describe about the product features
of the company. The emphasis was laid on the capital sources for the new business and the
methods of obtaining. It also describes about the problem and challenges faced by the new
business management. This report also contains the risk involved in the process and the
management practices for minimising the problems in the new business management.
Introduction of the company
The name of the company is cakes delight and it is basically a bakery. It is small scale business.
It is UK based company. It provides all the eatables. It provides the facility of online food
delivery. It includes the products like cakes, pastries, drinks, chocolates etc. as the people in the
UK are more conscious about the health, specifically for them Cakes delight bakery has started
the organic food and drinks. People in UK nowadays started ignoring the junk food and fast food
(Monitor,2016). It attracts more customers and helps in increasing the sales of the business.
Capital sources for the new bakery
Capital sources basically refers to the sources by which the capital is generated. Capital
plays an important role in staring up the business. Without capital a business cannot be started. It
is always a big confusion for the entrepreneur about acquiring the capital. There are many
capital sources and an entrepreneur should choose an appropriate capital source for cakes delight.
The different capital sources are as follows:
Crowdfunding: It is the method of raising the capital through the internet or social networking
sites. It needs maximum campaigns for the promotion, as it is important for the people in the
market to know more about the Cakes delight. It is important to win the maximum support of the
crowd. In this method the money is not be return back, it is simply kind of the donation from the
recognition. Crowdfunding are obtained by the public and crowd in the market.
Microloans: Microloans are designed basically for the small business. It helps the entrepreneur
of the cakes delight to start up the business. The most attractive part of the loan is they are very
short-term loans and with low interest rates (Harvey,2018). It is beneficial for the entrepreneur in
establishing new business. Microloans are obtained by the banks.
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