Enterprise and Entrepreneurship: A Place to Toast Business Plan

This report presents a comprehensive business plan for 'A Place to Toast,' a UK-based restaurant concept that offers edible utensils. The report begins with an introduction to the concept and then delves into the proposed future business, outlining its vision, target customers, and competitive landscape. It includes a skill analysis of the required capabilities for the business. Furthermore, the report provides projected financial statements, including a 2-year profit and loss account and cash flow forecasts, alongside a discussion of potential funding sources. The plan also details strategies for obtaining resources, the organizational structure, and management information systems needed to effectively control the business. The conclusion summarizes the key findings and recommendations for the success of 'A Place to Toast,' emphasizing its innovative approach to sustainability and market differentiation through its unique product offerings. The report references various academic sources to support its analysis and recommendations.

Enterprise and
Entrepreneurship

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Proposed future business........................................................................................................3
Vision of business plan...........................................................................................................3
Customers of “A Place to Toast” Company...........................................................................4
Competitors of “A Place to Toast” Company........................................................................4
Skill analysis...........................................................................................................................4
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts.............5
Sources of Funds of “A Place to Toast” Company................................................................6
Plans for obtaining your resources, both tangible and intangible between now and either 1-2
year ahead...............................................................................................................................6
The type of organisation and the management information systems required to effectively
Control the business...............................................................................................................7
CONCLUSION................................................................................................................................7
References........................................................................................................................................8

INTRODUCTION
Enterprise refers to the legal entity that is basically included in several functions which
are operational, commercial and various more with the aim of earning more and more. In
addition to this it is crucial for the owner of the organization in order to make a specific plan of
business which is more efficient and effective in order to function the operations of the
organization more effectively as well as efficiently and also increase the goodwill of the
company if it is compared to the rivals as well (Ramsgaard, 2018). The following report is based
on the organization “A Place to Toast” which basically deals in producing and providing
different range of edible utensils. In addition to this the following report will cover about the
future business, evaluation of skills, resources, rivals and proposed idea of business.
TASK
Proposed future business
Organization “A Place to Toast” which is a restaurant business in UK. It is known to be
that business which has the innovative as well as new thought of producing the utensils that is
edible which are restaurant with the services of several different types of the grains and wheat
after eating the meal on those utensils people can eat those utensils rather than washing or
throwing it because those utensils are fully edible as well. In addition to this this type of idea has
a very crucial part in saving the atmosphere from the dangerous and harmful future effects. The
respective organization also utilizes several different intellectual property which are trademark,
copyright as well as other in order to save their idea of business which is unique from the rivals
in the market area.
Vision of business plan
Vision of the respective organization is to manufacture as well as supply top quality and
reasonable utensils in every part of the globe. The business offer utensils which are basically
manufactured from the restaurant services as this has the very crucial part in saving the
atmosphere as well as also assisting the commercial business in order to accomplish the
sustainable growth as well as can attain an edge over their competitors for a long period of time.

Customers of “A Place to Toast” Company
Organization offers different types of services and other different types of the utensils to
their consumer base in the market area. The “A Place to Toast” basically pay more emphasis In
order to manage their restaurants and hotels with the assistance of their affordable and attractive
rates of the utensils as well (Matlay, 2021). Moreover to this it is the concept of business to
business due to this the respective organization offer their products to the several different chains
of hotels and restaurants. Also unique selling proposition of the respective organization is that
they possess a very different idea of the business which is selling the products which are made of
edible items that provide assistance in conservation of the environment from the harmful impact.
In addition to this respective company offer top level services to their consumer base in order to
attract them to buy their products as well. The main objective of the organization is to capture
large share of the market because this is crucial for the organization in order to promote and
market their services and goods to their specific audience. Organization “A Place to Toast” take
assistance of several different platforms of social media and digital media as well as different
offline channels of promotion in order to increase the consumer base and also enhance the
goodwill of the company which will give the edge to the organization over their competitors in
the current environment of the business.
Competitors of “A Place to Toast” Company
Rivals or competitors are known to be the businesses which offer services and products
that are similar to the organization to their consumer base. Enhance level range of the projects
basically influence the entire productivity and performance of the respective organization in the
current area of the market (Henry, and Dana,,2021). Restaurant are supplying the services is
basically a different type of the idea so the company also encounters low rate of competition in
this type of business. In addition to this in accordance to the current environment issue several
commercial businesses are making the strategies in order to tap into the sector like this which can
influence their revenue of sales as well as profitability that will be beneficial for the long term
growth as well as system between the market area.
Skill analysis
There are several set of capabilities and skills that are needed in order to bring innovation
in the services and products of the business which are described below.

Time management skills are very crucial for the respective organization in order to maintain all
the practices of their business in accordance to given period of time (Henry, and Lewis 2018).
 Skills of decision making is also essential in taking several effectual and efficient
decisions which are suitable for the growth and development of the business.
 Corporation and coordination between the members of the team of the organization
provide assistance in functioning the specific task and work in the effective and efficient
way possible.
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts
2019£ 2020 £
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
2019 2020
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 “A Place to Toast” Company
There are several source of the investment that basically are there for the respective
organization in order to launch the new of commercial business in the market area of the United
Kingdom. Owner of the organization can borrowed the amount from their family and friends,
management also can take the loan from bank as well as these 2 are known to be one of the best
possible options for the respective organization in order to get funds to position and run the
operations of their business in an effective and smooth way. On the other hand, management also
can we share crowdfunding and utilise it’s personal saving as well as they can utilise several
different source of investments as well (Botha, and Obeng-Koranteng, 2022. In all of these
source of the investment respective organization are required to play the fix amount of interest
on the percent basis which increasing the burden on the commercial business as well.
Plans for obtaining your resources, both tangible and intangible between now and either 1-2 year
ahead
This is also essential for the respective organization in order to make and execute method
of learning for attaining the resources Indian effective and efficient. In addition to this
professional functional management need to be implemented in order to strength the
management together with management of intangible as well as tangible resources. This requires
to focus on the items with suppliers that are having low negotiation power which gives the
outcome and minimising the cost of the product. Moreover to this in order to start the business
the management requires 25,000 Great Britain pound. Sales revenue as well as cost of functions
and other expenses of investment will be concentrated.

The type of organisation and the management information systems required to effectively
Control the business
 Decision Support system: This is linked to the latest technology which gave the
advantages in growth of the organization. The respective organization decision making
requirements to be director and supported (Aamir, Atsan, and Erdem, 2019).
 Management Information System: “A Place to Toast” have organization utilizes and
executed this in the operations in order to take assistance and guidance and also
maintaining the suitable relations among the workers in order to make them perform the
operations in more effectiveness and efficiency.
CONCLUSION
From the above report it has been concluded that the existing environment of the business
is now becoming more crucial for the commercial organization to bring more successful and
sustainable concept of the business which offer them the advantages for the long period of time.
In addition to this business utilizes several different platforms of social media in order to
increase the goodwill and consumer base of the organization and they are also utilising different
source of investment in order to modify the existing product and launch a new world to function
their operation in the effective way.

References
Books and Journals
Aamir, S., Atsan, N.F. and Erdem, A.F., 2019. A review of entrepreneurship education research
in the special issues of Education+ Training journal. Education+ Training.
Botha, R.N. and Obeng-Koranteng, M., 2022. Entrepreneurship Education in Ghana: A Case
Study of Teachers’ Experiences. International Journal of Learning, Teaching and
Educational Research, 21(6).
Henry, C. and Lewis, K., 2018. A review of entrepreneurship education research: Exploring the
contribution of the Education+ Training special issues. Education+ Training.
Henry, E. and Dana, L.P., 13 Maori Indigenous research: impacting social enterprise and
entrepreneurship.
Matlay, H., 2021. international enterprise and entrepreneurship education. Education+ Training.
Ramsgaard, M.B., 2018. Experiential learning philosophies of enterprise and entrepreneurship
education. In Experiential learning for entrepreneurship (pp. 3-18). Palgrave Macmillan,
Cham.