Business Plan: Strategies, Analysis, and Entrepreneurial Skills

This report presents a detailed analysis of a business plan for a new venture called Refresh, a fruit juice shop. It explores strategies for launching an innovative and sustainable business, focusing on the importance of sustainability in the current market. The report delves into the methods used to evaluate the business plan, including market analysis and the identification of key entrepreneurial skills, such as focus and curiosity. It examines relevant theories to determine entrepreneurial abilities. The report highlights the significance of a well-defined business plan, incorporating strategies, aims, and tactics to achieve success. It concludes by emphasizing the importance of entrepreneurial skills and sustainable practices for long-term success in the market. References to academic sources support the analysis.

REPORT
PART B

INTRODUCTION
 The current presentation is based on formal exhibition of business idea in context of
becoming a business man.
 It will explain strategies for innovative business, sustainable or social enterprise
start up.
 This study will clarify business plan by using range of research approaches and also
justify entrepreneurial skills.

About business idea
 In order build strong brand image within market place the new business idea has
been developed and that is a outlet called Refresh.
 It will be providing different variety of 100 percent fresh juices prepared from
organic fruits, milkshakes and smoothies as well at market area.

CONTI
 It new business idea it is very easy to gain attention of
buyers who are seeking to purchase fresh drink with
natural ingredients.
 People like to drink fresh fruits juices because it give
instant energy to body and make it relax for some
time.

Chose strategies for social enterprise start up,
sustainable and innovative business
 In recent time, it is really very important for companies to become
sustainable business and conduct practices accordingly as it help
them to sustain for longer period of time in effective manner.
 It can be said that by opening educational resources sustainable
business can build their positive image within market rather than
before.
 It is one of the best strategies for them which make management
able to improve living standards of local people and provide chance
to each child for fulfilling their dreams and get desire outcomes.

Evaluation of business plan using range of
investigation methods
 Business plan is a road map or guideline for companies that cater
those appropriate directions which they can follow to gain success
and growth for long period of time.
 The new business ideas is also consider as business plans which
include suitable strategies, aims, objectives, tactics and measures
to identify success of plan.
 For example, when business plan will design to determine how to
sell and market products there are varied research methods
accessible in market that can help to evaluate business plan and

External traits and theories that determine
entrepreneurial skills
 Discussing about entrepreneurial, means talking about an individual with great
things and innovating ideas that determine need for some of business to fill a void.
 Good things will be described as new business idea it Refresh fruit juice shop that
cater many things.
 Here, information about external theories has been discussed that are especially used
to determine entrepreneurial abilities.

CONTI…
 This theory holds that individual with good internal focus of control believe their
actions and activities can influence external world and investigate recommendations
most business man posses characteristic.
 Focus and curiosity are the two types of skill identified after analyzing and using
above theory that describe who person can used their abilities in context of specific
situation.

CONCLUSION
 From above analysis it has been concluded that by using suitable and relevant
strategies innovative business as well as social enterprise start up sustain for long
with market place.
 It has been summarized that with good skills and characteristics a person becomes
successful entrepreneur.

REFERENCE
 Akter, M., Rahman, M. and Radicic, D., 2019. Women Entrepreneurship in
International Trade: Bridging the Gap by Bringing Feminist Theories into
Entrepreneurship and Internationalization Theories. Sustainability. 11(22). p.6230.
 Lee, Y.H. and Seo, Y.W., 2018. Strategies for sustainable business development:
utilizing consulting and innovation activities. Sustainability. 10(11). p.4122.
 Singh, S. and Rao, K.V., 2017. Brand bundling as a new product introduction
strategy: A conceptual framework. Indian Journal of Marketing. 47(7). pp.35-46.

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