Enterprise & Entrepreneurship: Recycling Earth Business Plan BM564

Verified

Added on  2023/06/16

|9
|1876
|370
Report
AI Summary
This report presents a comprehensive business plan for Recycling Earth, an enterprise focused on plastic and food waste recycling within the UK market. It covers key aspects such as future business plans, customer targeting, competitor analysis, skills evaluation, profit and loss forecasting, funding sources, resource planning, organizational structure, and management information systems. The plan emphasizes innovation through advanced recycling machinery and training programs to promote environmental awareness and efficiency. Financial projections, including breakeven analysis, are included to assess the business's potential for success and sustainability. The report concludes with a reflection on the challenges and strategies involved in developing an effective business plan for a recycling-focused enterprise.
Document Page
BM564 Enterprise and
Entrepreneurship CW2
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of content
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Future business plan................................................................................................................................3
Customer:................................................................................................................................................3
Competitors:............................................................................................................................................4
Skills evaluation:.....................................................................................................................................4
Profit and loss forecasting and breakeven analysis..................................................................................4
Source of funding....................................................................................................................................4
Plan for obtaining resources....................................................................................................................4
Type of organization and the management information systems.............................................................4
Vision of business....................................................................................................................................4
CONCLUSION...........................................................................................................................................5
REFERENCES............................................................................................................................................6
Document Page
INTRODUCTION
Business plan refers to prepares by entrepreneur who has great sense to develop multiple
exercise and they have potential to evaluate and identified factors which has great sense to
resolve problem with effective manner for revenues generate (Makhmudzhanovna, 2020).
Recycling Earth company plan is best activity and it mainly decide to establish into UK market
which provide their facilities into multiple countries as well and it provides multiple benefits on
the basis current environment. This study is all above provide information about business plan
require consideration of various aspects and which aspects they have to evaluate for making
perfect business plan as well.
MAIN BODY
Future business plan
Product and services: Recycling earth is very great concept which is prepares by entrepreneur
and decision-making team. The major product and services are to implement new machinery for
plastic waste recycling of plastic material and food material and reduce wastage and provide
services to develop trees for healthy environment development so it decides to prepare program
as well (McKenzie and Sansone, 2019). This organization prepares plan so they develop
motivation in people towards with how they can manage their business activities with effective
manner with without provide harm to society people, pollution free environment, continues
development of trees and many more and their major services are recycle plastic material and
food waste material convert into product.
Innovation and idea: Then they decide to make machineries, develop advance innovative
techniques for reduce pollution when manufacturing industries and other business which takes
resources from environment like tree, fruits, fuel and many more for preparing their products.
Also, they decide to implement practical training so people get aware about their machinery
which reduces waste, save money, save time etc and proper utilize resources.
Document Page
Intellectual property protect business idea: It mainly decide that they implement their
machinery name is to recycling waste which is very great term to influence people attraction.
They develop their specific name in order to that other organization not capture and uses this
specific name because they implement legal approach for it (Setiyawati and et.al., 2021). So the
other business has no rights to develop this machine which useful for product recycling and
reduce pollution.
Customer: Major customer includes which has manufacturing and production house and generate
higher waste. Throughout knowledge about this activity that they provide health environment
development consultancy service and provides different machinery which helps to reduce pollution and
product recycling activity.
Target audience: Manufacturing industries because they also want to improve their business quality
performance with without provide harm to environment. Also small manufacturing businesses which
believes in maintain quality without provide harm to environment and waste recycling activity. It mainly
uses B2C concept because this organization implement machinery and manufacturing industry which
mainly uses to produce product with plastic they helps to recycle on that. Business to consumer concept
mainly refers to one business provide their product and services to consumer which uses goods and
services. So their consumers are manufacturing industry which mainly prepares plastic products.
Competitors:
Competitive industries which also provide product recycling facilities and provide machinery but the
major thing which is useful for survives in the competitive market is it applies technological tools and
fast services provide facilities and they take initiative about plastic material and food manufacturing
waste material which very badly influence environment (Saputra and et.al., 2021). And various
competitive industry that provide solution for making healthy environment and reduce wastes of
resources, save time and product manufacturing with less money.
Skills evaluation: On the basis of this business require employee who has great knowledge about new
technology and they have potential to makes higher effectiveness in business activities with effective
manner. And it requires market experts which can influence business activity and develop higher
attraction in product promotion activity.
Application of technological experts which has great idea about machinery working activities
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
and resolve any technical issues.
Marketing experts for product promotional aspect and product seller which has idea and quality
to connivance to people about their products and services which is very useful for plastic
material manufacturing industry which badly affects environmental activities and many more.
Expansion of team work and supply chain management activities for efficiency development in
provides services to customer.
Profit and loss forecasting and breakeven analysis
Company decide specific plan that they develop structure and proper planning that they have develop
success within in month with good amount and specific amount so it prepares profit and loss forecasting
so that they decide that they have potential to and they have to develop continuity in business activities
or not (Cosenz and Bivona, 2021).
.
Total sales 120000
Cost of sales 30000
Gross profit 90000
Net profit 60000
Overheads 30000
Total sales 90000
Cost of sales 65000
Gross profit 25000
Overheads 30000
Net loss -5000
Document Page
Breakeven analysis showing good position when profit will regularly decrease and it showing company
sales is not effective generate so that means business not has potential to continue their business
activities and if graph ratio will increase sales and profit both terms increase and it reach goal where
company decide that means company has potential to achieve target and influence their business
activities Recycling Earth organization evaluate and decide expected money so then they have to
evaluate sales with the help of break even analysis.
Source of funding
Entrepreneur decide to take and raise fund for their business operation from bank and shareholder
because it useful for attract people towards with organization. This busiensns owner decide to take
amount invest amount £20000 so because of their innovative concept multiple people believes and trust
on their business activities. So manufacturing industries, multiple business owners decide to invest their
money because this company decides they provide good amount of interest which 30%. Because of their
innovative ideas and their legal papers shareholders are major inventors of this business plan. And the
rest of amount they have and some specific amount they takes from bank as well for safety.
Document Page
Plan for obtaining resources
Application and engagement of right and sustainable resources makes higher efficiency in business this
company engage resources and mainly human resources which has potential and skills to develop
essential machineries and selling them into market which companies mainly require waste, materials
recycling. For the recycling process they require proper ideas and knowledge about how to manage and
implement. They mainly applies machinery development experts, then they provide how this machine
work properly and provide ,multiple advantages, and provide training to employee for managing tasks
with effective manner (Tacchino, 2021).
Employee, labors, cost management strategy, resources includes to managing activities of overall
business, iron for developing and preparing machinery, selling experts, marketing experts, performance
influencers and many more.
Type of organization and the management information systems
This organization mainly refers to uses machinery selling which useful for plastic and food,
manufacturing production activity develop. So this organization is also manufacturing industry of
machinery and it provide services to maintain and implement recycling activity in earth also they decide
they provide their services in international market after when they reach attraction of UK people.
Evaluation of this process they decide management information system. Utilization of this technique
provides idea to manage multiple aspects with effective manner. They mainly prepare planning and they
recruit employee for their business activities. Recycling Earth entrepreneur has great thinking so then
they engage experts in their business which has great idea about technology and machinery so they can
easily manage activities with impressive manner. This organization decide to develop programs and
provide information to manufacturing industry aware them about how they can use this machinery and
they reduce wastes and decrease extra expenses on
Vision of business
Major vision of this business is to they have to develop higher efficiency and reduce pollution,
utilization of waste material, save time, consumer raw material with proper efficiency and in the
environment application of right machinery in plastic and food manufacturing company can reduce and
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
develop new product with waste products.
Expansion of awareness in people is essential towards with environment stability because food
manufacturing industry and plastic material industry develop higher effectiveness and they not use them
but in this market situation and higher rate of people its very essential approach that people and
manufacturing industry members get aware about management of different essential practices to resolve
issues and maintain higher efficiency in business activities with utilization of resources with effective
manner and reach success for selling great term which makes stable and efficient environment and
provide so many benefits in environment.
CONCLUSION
From the above reflective study it has been summarized form that business plan
development is not easier because business entrepreneur has many responsibilities and they have
to engage expert’s advice for developing effective business activities. This report provide
information above overall business plan of recycling plastic material and it provided financial
plan strategic approach about how organization maintain their performance with proper
identification and evaluation of market activities with effective manner.
Document Page
REFERENCES
Makhmudzhanovna, A.I., 2020. improvement of the process of forming a business plan of a small
enterprise based on cloud technologies. international journal of discourse on innovation,
integration and education. 1(3). pp.40-45.
McKenzie, D. and Sansone, D., 2019. Predicting entrepreneurial success is hard: Evidence from a
business plan competition in Nigeria. Journal of Development Economics. 141. p.102369.
Setiyawati, E., and et.al., 2021. Marketing Plan for Business Startups ‘Jamu Partnership’in
Indonesia. International Journal of Research and Review. 8(08). pp.327-333.
Saputra, A., and et.al., 2021. Human Capital Plan for Business Startups" Jamu Partnership" in
Indonesia. International Journal of Research and Review. 8(7). pp.370-376.
Cosenz, F. and Bivona, E., 2021. Fostering growth patterns of SMEs through business model innovation.
A tailored dynamic business modelling approach. Journal of Business Research. 130. pp.658-
669.
Tacchino, K.B., 2021. Picking the Best Retirement Plan for a Business. Journal of Financial Service
Professionals. 75(3).
chevron_up_icon
1 out of 9
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]