ENTREPRENEURSHIP PROJECT: The Enshrine Café Business Plan Analysis

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Added on  2022/08/31

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The assignment is a business plan project focusing on "The Enshrine Café," a proposed coffee shop venture. The plan outlines the business's objectives, including offering high-quality coffee and related services like delivery and online ordering. It details startup strategies such as discounts and employee hiring. The plan addresses cash flow, marketing, and competitive advantages, identifying competitors like "Manchester Press" and "Aromas coffee Roasters." It emphasizes customer targeting, particularly young people and business professionals, and proposes value propositions like a "cherish" environment and quality products. The mission and vision are defined to include the lower and medium income groups and to expand the business. The plan also considers customer problems and high-growth opportunities, along with references to relevant literature.
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ENTREPRENEU
RSHIP PROJECT
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BUSINESS OWNERSHIP
The proposed business plan is of The
Enshrine Café”.
To offer hot and cold coffee to large
number of customers
To provide better quality
products(Tham & Fudge, 2019).
To cherish customers and to offer
them various other services such as
delivery and online services .
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START-UP BUSINESS
The start-up business is to serve
coffee.
Other marketing strategies such as
50% discounts, vouchers.
Hire few competent employees in
café because of working on the
needs and desire of the consumers
so that objective of café will be
accomplished(Fahlevi, Zuhri,
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CASH-FLOW GENERATION
Generate positive cash flow
The strategy is also to increase profits as
well as to decrease the expenses.
The café is the star-up company so it
does not distribute sufficient profit to
shareholders of the company.Year Revenue (Projected) Expense (projected)
Year 1 $7000 $6000
Year 2 $9000 $8500
Year 3 $10000 $9300
Year 4 $11000 $10500
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BUSINESS
Offer Coffee products to more
number of consumers through café
and customers can also get through
making online payments.
Provide coffee at lower prices
Adopt different strategies for
expansion and
diversification
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COMPETITORS
The mission and vision is considered the
strength of café.
Apply cost-leadership business strategy for
gaining competitive advantage
Problems of competition due to delivering more
varieties and innovation from competitors
Major competitors are “Manchester Press” and
“Aromas coffee Roasters”
To overcome the problem café rise the focus
group and invest more on research and
development
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CUSTOMERS
Serving whole population in Australia
through more quality and less price.
Major customers of the café are
youngsters and business professionals
To target them café provide timely
delivery and trendy decorations
Also focus on lower and medium group
population
Encourage regular consumers through
more discounts and different schemes
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VALUE PROPOSITION
Generate “experience”
Provide Cherish environment and quality
products
coffee” as the product
customer intimacy “as the service
cherish” atmosphere
The Enshrine Café” generates income from
investment
Also adopt strategy to offer better corporate
social responsibility (CSR) activities
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MISSION & VISION
The mission of
the company is
developed to
involve all
lower and
medium group
population by
satisfying the
developing
employees of
the
organization. It
is because
through this
Vision
The vision of
the company
is to expand
their business
by increasing
loyalty among
the
consumers so
that company
can compete
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CUSTOMER PROBLEMS
The Enshrine Café” meets the problem of
serving lower income group population
Solve the issue of increasing health issues
among the Australian population
Meet the needs by providing delivery on
time and offering other services because
this can support the café to achieve the
mission and overall objective of the
café(McKay, Haines, & Dunn, 2019).
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HIGH GROWTH VENTURE
Low competition because café provide low
price and good quality products to the
consumers.
More opportunities which can be gained by
adding new ingredients and through
offering more varieties(McMurray, Cross, &
Caponecchia, 2019).
It is the high growth venture and can
generate more revenue in comparison of
expenditure
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REFERENCES
Desbrow, B., Hall, S., & Irwin, C. (2019). Caffeine content. Nutrition and health
, 25 (1), 3-7.
Fahlevi, M., Zuhri, S., Parashakt, R., & Ekhsan, M. (2019). Leadership Styles Of
Food Truck Businesses. Journal of Research in Business, Economics and
Management , 13 (2), 2437-2442.
McKay, F. H., Haines, B. C., & Dunn, M. (2019). Measuring and Understanding
Food Insecurity in Australia: A Systematic Review. International journal of
environmental research and public health , 16 (3), 476.
McMurray, A., Cross, J., & Caponecchia, C. (2019). The Risk Management
Profession in Australia: Business Continuity Plan Practices. In Emergency and
Disaster Management: Concepts, Methodologies, Tools, and Applications ,
486-499.
Tham, J.-C., & Fudge, J. (2019). Unsavoury Employer Practices: Understanding
Temporary Migrant Work in the Australian Food Services Sector. International
Journal of Comparative Labour Law and Industrial Relations , 35 (1), 31-56.
Vieira, A., Diniz, I., Loureiro, A., Pereira, A. P., Silva, M. C., Várzea, V., et al.
(2019). Aggressiveness profiling of the coffee pathogen. Plant Pathology , 68
(2), 358-368.
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