Report: Enterprise & Entrepreneurship - Edible Utensils Business Plan

This report presents a business plan for "Edible Hub," an enterprise focused on manufacturing and supplying edible utensils made from grains. The plan addresses the environmental concerns related to plastic waste by offering a sustainable alternative. It outlines the company's vision, target customers (primarily restaurant chains and hotels), and competitive landscape, noting relatively low rivalry due to the innovative nature of the product. The report includes a skill analysis, emphasizing the importance of time management, decision-making, and teamwork. It provides a projected two-year profit and loss account and cash flow forecasts, detailing revenue, expenses, and funding sources. The plan also discusses strategies for obtaining resources and the required management information systems for effective control, such as Management Information System and Customer Relationship Management System. The conclusion highlights the importance of sustainability and utilizing social media for customer acquisition.

Enterprise and
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Proposed future business........................................................................................................3
Vision of business plan...........................................................................................................3
Customers of Edible Hub company........................................................................................3
Competitors of Edible Hub company.....................................................................................4
Skill analysis...........................................................................................................................4
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts ............5
Sources of Funds of Edible Hub company.............................................................................7
Plans for obtaining your resources, both tangible and intangible between now and either 1-2
year ahead...............................................................................................................................7
The type of organisation and the management information systems required to effectively.7
control the business................................................................................................................7
CONCLUSION................................................................................................................................8
References .......................................................................................................................................9

INTRODUCTION
Enterprises known to be delivered commercial business that is included practices which are
operational, commercial and other with the goal of gaining more profitability and earning. The
following report is based on the organization eat healthy which basically deals in production and
manufacturing as well as supplying several range of utensils which can be edible. In addition to
this this utensils are made from the whole wheat floor grain as well as rice grain and also
different types of grains which provide assistance to the environment in preventing any
dangerous effect. The following report will cover about specific and proposed plan of business,
competitors, evaluation of the skills, resources and various more.
TASK
Proposed future business
Organization is the business which has the new as well as creative thought and idea of producing
the utensils which can be edible and those utensils are made from the materials that can be edible
such as several different types of the grains. After finishing the meal on the edible utensils rather
than washing those dishes a person can actually use it to it because it is entirely made of edible
raw materials (Jazayeri, and Park, 2019).. In addition to this logic and motivation behind opting
this type of idea of the business is that there are more than 300 million turn of the waste of
plastic that are produce annually in which more than 60% of the plastic is non recyclable. Hence
this type of business idea will provide assistance to the organization in minimising the utilization
of the goods and products that are made from plastic and it can be beneficial for the environment
and goodwill for the organization for the long period of time.
Vision of business plan
Vision of the respective organization eat healthy is to manufacture as well as provide top quality
as well as affordable utensil that are made from edible items to all parts of the globe which will
help using the brand recognition consumer base of the organization as well. In addition to this
commercial business offers utensils which are made from the materials that can be audible and
this has the very crucial part in saving and conserving the atmosphere and environment and also
provide assistance to the commercial business in order to poses the edge over their rivals as it
will lead to their long term sustainability and success in the market area.

Customers of Edible Hub company
In relation to the organization eat healthy management offers several different type of the
utensils which are spoons, small and big bowl, different sizes of plates and various mode to their
consumer base in the market area. Management of the respective organization pays more
emphasis on targeting them favourite friend chains of restaurant and hotels and their unique
selling proposition of the product is that it is different as well as random idea of the business
which is actually manufacturing the utensil that are made of raw material that edible which also
needs to conserving and protection of the environment from the wastage of plastic. In addition to
this management of the eat healthy offers top quality services to there clients and consumer
waste in order to attract them to buy goods of their product. As business offers products that are
sustainable and also helpful in saving the atmosphere which manages the unique as well as
different establishment in the market area of the organization..
Competitors of Edible Hub company
Rivals and competitors are known to be the businesses that offers products and services that are
similar to the respective organization. Competition is the major reason for the division of the
consumer best among different businesses (Souto, and Rodriguez-Lopez, 2021)
The enhanced level of ability of the products that are similar influence the entire efficiency as
well as productivity of the respective organization their existing industry and market area. In
addition to this manufacturing utensil that are manufactured with the utilization of raw material
that are edible is quite different plan of business so the business encounters low rivalry in the
market area. In accordance to the concern of atmosphere and environment several different
businesses are focused in entrain in this type of business segment which can influence the
profitability as well as sales revenue of the respective organization negatively.
Skill analysis
There are various of skills as well as competencies that are needed in order to bring innovation in
the products and services of the business and in order to gain new idea of the business and
implement the idea it made several set of competencies as well as capabilities which are
described below in brief .
 For the management of the respective organization skills of time management is very
crucial in order to maintain every practice of the business in accordance to the given
period of time.

 Skills of decision making is also crucial in order to take effectual as well as efficient
decision which assist the organization in order to make them move towards growth as
well as success in the market area.
 Collaboration as well as coordination as a team provide assistance in function in the
predetermined goals and objectives in the suitable way that can be beneficial for the
organization for a long period of time (Moro Visconti, 2019)
For the goal of minimising the gap of skill management of the respective organization requires to
maintain suitable interaction within every division of the business and make suitable techniques
and method in order to make the workers perform the practices of the business more effectively
and efficiently without having any difficulty. In addition to this it is the crucial in order to clear
every authority and responsibility that provide assistance to execute this idea of the business in
the efficient way.
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts
2018 £ 2019 £
Sales (Revenue) 200,000 180,000
Less Cost of Sales
Raw Materials 80,000 72,000
Freight 5,000 2,500
Total Cost of Sales 85,000 74,500
GROSS PROFIT 115,000 105,500
Less Expenses (Operating expenses)
Wages 40,000 37,000
Electricity 500 500
Insurance 900 900
Rent 15,000 14,000
Depreciation 12,000 11,000
Office supplies 3,000 2,000
Total Operating Expenses 68,700 65,400
Breakeven
NET PROFIT 46,300 40,100

2018 2019
CASH INFLOWS
Investments 10,000
Loans 2,500 10,000
Total inflows 12,500 10,000
CASH OUTFLOWS
Marketing 500 500
Material 4,000 4,000
Wages 1,000 1,000
Other costs 800 800
Total outflows 6,300 6,300
NET CASH FLOW 6,200 3,700
Sources of Funds of Edible Hub company
There are several source of that are available for the respective organization in order to launch
the new business and those sources are loan from family or any relatives our friend and they can
also get funds from any financial institute like bank. These are the most suitable way for the
organization in order to get the investment for the operations of the business which can assist
them in their sustainability and successfully launched of time in the market area (Barrow,
Barrow, and Brown, 2018)
Plans for obtaining your resources, both tangible and intangible between now and either 1-2 year
ahead
This is crucial for the management of the eat healthy in order to implement the process of
planning for the business if actually and the capital required to launch the business will be 25000
Great Britain pound. Making of revenue and cost of practices will be done in this investment.

The type of organisation and the management information systems required to effectively
control the business
Respective organization requires to focus and develop an effective strategy with the utilization of
crucial techniques in the market which is required in accordance to launch the business (Hanák,
and Grežo, 2020):
 Management Information System: It is known to be most crucial method which
provide assistance to the business in order to deliver appropriate services to their
consumers and management need to execute this in their operation for taking assistance
and guidance and also maintaining the coordination among the workers.
 Customer Relationship Management System: CRMS is facilities business to provide
support to business in order to play more emphasis on growth of business and it is
effectually software which assist the business by managing suitable bond with consumers
and retaining them for the long period of time.
CONCLUSION
In accordance to the above report this has been concluded that existing environment of the
business is very crucial for the management in order to bring ideas which are more sustainable
that offers long term benefits to the organization. In addition to this management of the
respective organization utilise several different platforms of social media in order to gain more
consumer base in an effective and efficient way. Moreover to this management also utilizes
several different source of investment in accordance to make new merchandise and for the
smooth operation of the business.

References
Books and Journals
Barrow, C., Barrow, P. and Brown, R., 2018. The Business Plan Workbook: A Step-By-Step
Guide to Creating and Developing a Successful Business. Kogan Page Publishers.
Hanák, R. and Grežo, M., 2020. The effect of entrepreneurial experience on the quality of a
business plan proposal in applying for angel investment. International Journal of
Entrepreneurial Venturing, 12(6), pp.617-647.
Jazayeri, A. and Park, K.T., 2019. How to write an effective business plan in
medicine. Gastroenterology, 156(5), pp.1243-1247.
Moro Visconti, R., 2019. How to prepare a business plan with excel. Available at SSRN
2039748.
Souto, J.E. and Rodriguez-Lopez, A., 2021. Entrepreneurial learning in an experiential and
competences training context: A business plan in Bachelor thesis. The International
Journal of Management Education, 19(3), p.100513.