Entrepreneurship: New Business Proposal Plan for Sweet Tooth Bakers

This presentation outlines a new business proposal plan for Sweet Tooth Bakers, a bakery that sells cakes, pastries, and confectionery items. It covers the types and description of the business, business objectives, market information, operational plan, strategy for growth and development, and justification and viability of the business idea. The bakery would operate out of a rented premises in the heart of London, with a focus on providing high-quality products at reasonable costs and taking advantage of economies of scale. The presentation concludes that starting a business requires strategic planning and management skills.

New business proposal plan

Table of content
• Introduction
• Types and description of business
• Business objectives
• Market information
• Operational plan
• Strategy for growth and development
• Justification and viability of business idea
• Conclusion

Introduction
Entrepreneurship is the process of turning a
company idea into a start-up with the goal of making a
profit. It refers to the process of creating value through
supplying goods and services to customers

Type and description of business
The bakery would be run under the name "Sweet tooth bakers,"
and it would be a solo proprietorship. This business proposal
plan is related to the formation of a company that sells cakes,
pastries, and confectionery items, among other things.

Business objectives
• This company's goals are to meet the needs of a diverse group
of people by providing the highest quality products and
allowing for product customization.
• Its goal is to establish a brand image and obtain widespread
recognition in the market and among consumers.

Market information
In the United Kingdom, the bakery industry is a big and
renowned business sector that offers consumers a variety
of options and choices. The bakery sector in the United
Kingdom generates roughly £3.9 billion in revenue,
making it a very important industry in the country.

Operational plan
This company would operate out of a rented premises in
the heart of London, attracting as many people as possible
and ensuring optimum consumer involvement. A shop
with a floor space of 1000 sq. ft. would be used for the
purpose of carrying out the business's commercial
operations.

Strategy for growth and development
In order to make long-term development, the
company will initially focus on providing
consumers with high-quality cakes and pastries
at reasonable costs. Sweet tooth will take use of
economies of scale by purchasing raw materials
in bulk in order to save expenses and provide
consumers things at cheap pricing.

Justification and viability of business idea
Consumers prefer confectionery products, and cakes and
pastries are always enjoyed by individuals, therefore this
business concept has a long-term viability. Gluten-free
and low-sugar cake and bread replacements are becoming
increasingly popular among consumers, attracting a large
number of clients.

Conclusion
The conclusion drawn from this presentation is that a
business's start-up is linked to strategical planning of
objectives and operational strategies. Furthermore, putting
these plans into practise is a difficult process that necessitates
a high level of experience and management skills.