Detailed Business Plan: Launching and Supporting Spicy Treats in UK

This business plan details the launch of “Spicy Treats,” a food venture aiming to establish a unique food outlet in the United Kingdom. The primary goal is to attract customers by offering innovative and delicious products, focusing on items like “Pasta Loaded Pizza” and “Marconi Loaded Pizza.” The plan includes a PEST analysis to evaluate the business environment, highlighting political, economic, social, and technological factors. Strategies for supporting the business venture to ensure success are discussed, emphasizing the importance of originality and creativity in attracting customer awareness and boosting brand reputation. The plan also reflects on the entrepreneurial skills and traits needed to establish and grow the business, including the need for achievement, autonomy, creative tendency, calculated risk-taking, and locus of control. The report concludes that instilling originality and creativity is beneficial in attracting customers' attention and enhancing a competitor's brand in the marketplace. Desklib provides similar business plans and resources for students.

Business Plan

Table of content
 Introduction
 A review of the business venture you are to develop
 An evaluation of the business environment the venture is to operate in
 How will the business venture be supported to enable it to be
successful
 A reflection of the entrepreneurial skills and traits that you have to
establish and grow the business venture
 Conclusion
 References

Introduction
Business is a separate legal entitle which contain various
departmental factors and functional unites like marketing, finance,
human resources, operational and management functional unites.
It is determined that every company aspires to manage their
business with creative ideas in a competitive market. Current
report based on a marketing strategy wherein a fictitious company
is picked. “Spicy treats” is a growing entrant that main purpose is
to improve its revenue and financial performance in the food and
beverage sector in the United Kingdom.

A review of the business venture you
are to develop
The main motive of this business venture is to establish a food
outlet in which owner of the hotel will offer innovative and
delicious products in a healthier way. The primary concern of
the entrepreneur is to attract the customers and gain more clients
so that company will earn more profit and revenue. Also, people
mostly love to eat fast and junk food and most of the people in
UK enjoy pizza a lot so that main plan of this new business is to
come up with the delicious pizza and serve with the combination
so other delicious flavoured dishes like macaroni and pasta.

An evaluation of the business
environment the venture is to operate in
Spicy treats is a unique food and beverage firm based in London,
United Kingdom, which also sells food on the markets. The main
speciality of this hotel is “Pasta Loaded Pizza, Marconi Loaded
Pizza and many others innovative and creative pizzas. In order to
serve in UK, it is required for firm to conducts PEST analysis to
analysis impact of macro environmental factors over the business as:
 Political factor
 Economical factor
 Social factor
 Technological factor

How will the business venture be
supported to enable it to be successful
Spicy treats is a unique food and beverage firm based in London,
United Kingdom, which also sells food on the markets.
Essentially, it is indeed a tiny restaurant that creates a business
strategy in order to compete successfully. It provides a wide range
of food goods in the market to meet the demands of clients,
although in order to boost their favourable marketing strategy, the
firm has added amazing products such as Pasta Loaded Pizza to
their product line. This food item's best feature is that it knows
how to cook with macaroni and additional cheese.

Reflection of the entrepreneurial
skills and traits
For me this is crucial to work upon certain areas of
improvement which aid me to become effective change agent.
In order to improve my enterprising skill I need to focus upon
my goal and clear my thoughts regarding enterprise.
Furthermore, this test have certain aspect like need of
achievement, autonomy, creative tendency , calculated risk
taking and Locus of control which are important for an
successful entrepreneur.

Conclusion
On the basis of this report, it can be concluded that It has been
determined that instilling originality and creativity in the
sector benefits in attracting customers' awareness. It is
analysed that, this might assist boost the reputation of a
competitor's brand in the marketplace.

References
 McKenzie, D. and Sansone, D., 2019. Predicting
entrepreneurial success is hard: Evidence from a business
plan competition in Nigeria. Journal of Development
Economics, 141, p.102369.
 Watson, K., McGowan, P. and Cunningham, J.A., 2018. An
exploration of the Business Plan Competition as a
methodology for effective nascent entrepreneurial
learning. International Journal of Entrepreneurial Behavior
& Research