Enterprise and Entrepreneurship Report: Edible Hub Business Plan

This report provides a comprehensive analysis of the Edible Hub company, an enterprise focused on manufacturing and supplying edible utensils made from sustainable materials like whole wheat and rice flour. The report covers various aspects of the business, including its proposed future, vision, target customers (hotels and restaurants), and competitors. It also details the skills analysis of the company, highlighting the importance of time management, decision-making, and communication. The report includes projected profit and loss accounts and cash flow forecasts for two years, outlining sources of funding and plans for acquiring tangible and intangible resources. It also explores the type of organization and management information systems required for effective control. The report concludes with a discussion of the company's sustainable business model and its potential for long-term success.

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
Enterprise is defined as the legal entity which is involved in various operations such as
commercial, operational and other with the objective of generating profits. It is important for
entrepreneur to develop effective business plan to run business operations properly and make
differentiate image of organisation over other competitors. In this report Edible Hub company is
taken into consideration that is involved in manufacturing and supplying major varieties of
edible utensils. These utensils are prepared with whole wheat grain flour, rice flour and sorghum
flour that saves environment from harmful impacts. This report includes proposed future
business, skills analysis, competitors , resources and proposed business idea.
TASK
Proposed future business
Edible Hub company is the organisation that come with new and innovative idea of
manufacturing edible utensils that are produced with edible material like grains and other. After
having meal on the utensils instead of washing of throwing, one can eat it because it is fully
edible (Aadland, and Aaboen, 2018). This concept plays important role in protecting
environment from harmful impacts. Motivation behind choosing this business idea is that 300
million tons of plastic are being produced every year, out of which 70% is non- recyclable plastic
so this business idea reduce the usage of these products and save environment. Edible Hub
company uses various intellectual properties such as copyright, trademark and others for
protecting its unique business idea from other competitors.
Vision of business plan
Vision of Edible Hub company is to produce as well as supply quality and affordable edible
utensils to every part of world. Organisation provides utensils that are produced from edible
material such as grain flour, rice flour and others that plays important role in protecting
environment and help business to gain sustainable competitive advantages for longer period of
time.
Customers of Edible Hub company
Edible Hub company provides deals in glass, plate, spoons, bowl and other table wear to its
customers. Respective organisation concentrates on hotels and restaurants to provide its products

and services to customers at attractive prices. It is business to business concept because Edible
Hub company provides hotel and restaurants. Unique selling proposition of organisational
product is that it has unique business idea such as producing edible utensils that also saves
environment. Respective organisation provides great services to its customers that attract them
towards organisation (Almeida, Daniel, and Figueiredo, 2021). With the objective capturing
higher market share, it is important for the business to advertise and promote its products to
organisational target audience. Edible Hub company uses social media channels, offline
promotional channels and other aspects that enhances organisational image in competitive
business environment. As organisation provides sustainable products and take steps of protecting
environment that maintains organisational unique and differentiate positioning in market place.
Competitors of Edible Hub company
Competitors are defined as the organisation that provides similar products and services to
customers. Larger availability of similar products impacts on overall performance and efficiency
of Edible Hub company in existing market place. Producing edible utensils is quite unique idea
so respective organisation faces less competition in this business segment. As per environment
concern various organisations are planning to enter in this segment that can affect sales and
profitability of Edible Hub company (Bell, and Bell, 2020). Customers prefer to purchase
organisational products rather than other competitors because it provides quality and unique
products. Edible Hub company provides innovations and technology in their products like
different flavours and unique product design that provides competitive adge over other
competitors.
Skill analysis
There are various skills and capabilities are required to bring innovation in business products and
services. Skills enables entrepreneur to being business ideas and launch it in competitive market
place. Edible Hub company has trained and professional employees who perform business
operations with greater efficiency and effectiveness (Jones, Penaluna, and Penaluna, 2019). For
acquiring new business idea and execute it in business requires various skills and competencies
that are explained below:
 Time-management skills is important for Edible Hub company to manage all business
operations according to time.

 Decision making skills is important taking efficient and effective decisions that leas
business towards growth and development.
 Coordination as well as cooperation among team members helps in performing
determined task or operation in best possible manner.
 Effective communication skill is required for communicating business idea among all
department of business and convince employees to implement that in systematic manner.
For the purpose of filling skill gap Edible Hub company need to maintain effective
communication along all department of organization and clear all strategies to employees so they
can perform operations without any conflicts (Bischoff, Volkmann, and Audretsch, 2018). It is
important to clear all responsibilities and authorities which helps to implement unique business
idea in effective manner.
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 various source of funds are available for Edible Hub company to incorporate new
business in the market of UK. Bank loan, loan from family, friends and relatives is the best
option for organization to acquire required for establishing and running business operations.
Apart from them, personal saving, crowd funding and other sources of fund are used by Edible
Hub company. Debts are the another sources through which business can raise their funds and
perform their operations is systematic and appropriate manner. On these funds organisation have
to pay some fix rate of interest that enhances burden on business (Crammond, 2020). It is
important for business to analyse all sources of funds on the bases of their advantages and
disadvantages than select most effective way to acquire funds and use them in business to attain
determined goals and objectives.
Plans for obtaining your resources, both tangible and intangible between now and either 1-2 year
ahead
It is important for Edible Hub company to develop and implement planning process for
management effectively with resources of business. Professional operational management should
be used in strengthening along with management of tangible and intangible resources. It needs to

concentrate on materials suppliers with bargaining that results in the cost reduction. The
launching capital and business first sale will 25000 GBP. Revenues generation, expense of
operations and other purchases of capital will be focused. The total capital for edible food will be
20000 GBP. Important approaches for Edible Hub company for use of cash and other be focused
for effective and efficient way. The tangible and intangible resources are necessary for growth
and development in the market for the business.
The type of organisation and the management information systems required to effectively
control the business
Edible Hub company needs to concentrate and grow in a less time period in an effective way
with the use of important tools and techniques in the market that are necessary and needed in
launching and development. The practices based on information technology are effective in
giving assistance to the business. It is important for business to concentrate on IR application for
the launching and getting success within the market. The following are important requirements
of Edible Hub company as follows:
 Decision Support system: It is connected and related with information and technology
that benefits in development and growth. Edible Hub company’s decision making needs
to be assisted and guided (Warhuus, Blenker, and Elmholdt, 2018). Organization has
important role because it need to focus and concentrate on the entity’s decision support
system to take important decisions within work.
 Management Information System: It is considered as important approach that
facilitates organization to deliver better services to its customers. Edible Hub company
implement MIS in business for taking support and guidance as well as maintain
coordination between employees so they can perform business operations in best possible
manner.
 Customer Relationship Management System: CRMS is facilities business to focus on
development of business (Ghafar, 2020). It is effective as well as software that helps
Edible Hub company through maintaining effective relationship with customer and retain
them with organization for longer period of time.

CONCLUSION
As per above report, it can be concluded that in current business environment it becomes
important for business bring with sustainable ideas that provide long-term advantages to
business. Business uses different social media platforms to attract more customers. Business
using source of funds to create new products and run operations in efficient manner.

References
Books and Journals
Aadland, T. and Aaboen, L., 2018. Systematising higher education: a typology of
entrepreneurship education. In Entrepreneurship, Innovation and Education (pp. 103-
122). Edward Elgar Publishing.
Almeida, J., Daniel, A.D. and Figueiredo, C., 2021. The future of management education: The
role of entrepreneurship education and junior enterprises. The International Journal of
Management Education, 19(1), p.100318.
Bell, R. and Bell, H., 2020. Applying educational theory to develop a framework to support the
delivery of experiential entrepreneurship education. Journal of Small Business and
Enterprise Development.
Bischoff, K., Volkmann, C.K. and Audretsch, D.B., 2018. Stakeholder collaboration in
entrepreneurship education: an analysis of the entrepreneurial ecosystems of European
higher educational institutions. The Journal of Technology Transfer, 43(1), pp.20-46.
Crammond, R.J., 2020. The Entrepreneurship Education Stakeholder Within Universities.
In Advancing Entrepreneurship Education in Universities (pp. 123-154). Palgrave
Macmillan, Cham.
Ghafar, A., 2020. Convergence between 21st century skills and entrepreneurship education in
higher education institutes. International Journal of Higher Education, 9(1), pp.218-
229.
Jones, C., Penaluna, K. and Penaluna, A., 2019. The promise of andragogy, heutagogy and
academagogy to enterprise and entrepreneurship education pedagogy. Education+
Training.
Warhuus, J.P., Blenker, P. and Elmholdt, S.T., 2018. Feedback and assessment in higher-
education, practice-based entrepreneurship courses: how can we build
legitimacy?. Industry and Higher Education, 32(1), pp.23-32.