Good Night Cafe Business Plan: Professional Skills for Finance

This report provides an overview of the 'Good Night Cafe' business plan, focusing on the professional skills required for its success in the business and finance sectors. It outlines the product/service idea, which caters to couples seeking a peaceful environment, and presents statistical data to support the cafe's investment potential. The report details why the idea is investable, highlighting its business plan summary and return on investment. It also explains how the investment would be used, including budget allocation for various activities such as furniture, labor, raw materials, and advertisement. Financial statements for 2021-2023 are included, showing receipts, payments, and cash flow. The conclusion emphasizes the role of selling products and services for profit generation. The report references academic sources on research skills for business researchers and sustainable development of skills for the tourism sector.

Professional Skills for
Business and Finance

Table of Content
 Introduction
 Outline of the product or service idea
 Statistical data to back up the idea
 Why the idea is investable,
 What the investment would be used
 Conclusion/Summary
 Reference

Introduction
Business refers to an organisation which engage in different commercial, professional
as well as industrial activities. Business can consist different activities and require a
products and service in order to earn profit.

Outline of the product or service idea
 Product that has been taken is Good Night Cafe which is
providing their services to couples.
 Good Night Cafe is also adopting different technologies in
their organisation as like digital payment options in order
to enhance satisfaction of customers and for convenience
of customers.

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They are taking payment from different method like credit card, debit card, paytm
and other options. Managers of company is also providing online order system in
their customers can order food from their phone.

Statistical data to back up the idea
Good Night Cafe is using different resources in their cafe which provide them different
opportunity to attract customers to their cafe.

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Particulars Amount ( In £)
Furniture 3500
Labours 1750
Raw Material 3000
Consumable goods 2500
Salary 2500
Advertisement 700
Machinery 1250
Total 15200

Why the idea is investable
Good night Cafe idea is investible for a person due to various reason which are mentioned
below:
 Business plan Summery: Good Night Cafe is providing solution to problems of couples as
these people does not get an environment where they can talk peacefully.

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Return on investment: Good Night Cafe is providing good return on investment to owner of
business as it does not require much investment and provide good returns. It is providing good
environment for couples of different age which helps them to get success in market.

What investment to be used
Good Night Cafe is investing their funds on different
activities. For this, managers of company need to prepare
a budget which allow them to allocate funds on different
activities and estimate cost and profit of company.

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Particulars 2021 2022 2023
Receipts
Selling of services 36000 160000 153000
Online bookings 24000 97000 98000
Advances from clients 19000 50000 48000
Further developments 21000 55000 49000
Total receipts 100000 362000 348000
Payments
Salaries to staff 12000 52000 53000
Advertisement 4500 22500 26000
Rent of building 5500 27000 29600
Machines 15000 58000 60000
Cost of material 25000 70000 78000
Total payments 62000 229500 246600
Cash at the end 38000 132500 101400

Conclusion
From above mentioned project report, it can be concluded that business consist
different activities which allow them to earn profit. Business can earn profit by
selling products and service to tier customers.

Reference
 Khalifa, B., 2018. Research Skills for Business Researchers. In Modernizing the
Academic Teaching and Research Environment (pp. 161-174). Springer, Cham.
 Asonitou, S. and Kottara, C., 2019. Sustainable development of skills for the
tourism sector and its financial impact. In Strategic Innovative Marketing and
Tourism (pp. 1121-1129). Springer, Cham.
 England, L., 2020. Crafting professionals in UK higher education: Craft work
logics and skills for professional practice (Doctoral dissertation, King's College