BM564 Enterprise and Entrepreneurship: Restaurant Business Plan UK

This report details a business plan for "Tasty to go" restaurant in the UK market, focusing on fast food offerings. It includes a customer and competitor analysis, skill assessments for employees, projected profit and loss statements, and cash flow forecasts. The plan outlines funding sources, resource acquisition strategies, and the type of organization and management information systems needed for effective business control. The vision is to provide customer satisfaction with high moral standards and a joyful dining experience. The report concludes by emphasizing the importance of the management information system for business control. Desklib offers a variety of past papers and solved assignments for students.

BM564 Enterprise and
Entrepreneurship
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Proposed Future Business............................................................................................................1
Customers of Tasty to go restaurant............................................................................................1
Competitors of Tasty to go restaurant.........................................................................................2
Skill analysis................................................................................................................................2
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts..................3
Tasty to go restaurant sources of Funds......................................................................................4
Plans for obtaining your resources, both tangible and intangible between now and either 1-2
year ahead....................................................................................................................................4
The type of organisation and the management information systems required to effectively......4
control the business......................................................................................................................4
Vision of business idea................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
An enterprise is an organisation that performs various functions and operations with the motive
to earn profits. Entrepreneurship is process that is used for launching and designing as well as
operating of a new enterprise, which are of any size or of any scale. The person who takes these
all responsibilities and activities is called entrepreneur and wants to earn profit. Business plan is
a file or a document that consists of important documents which possess all the necessary details
and information related to future goals. In this report, Tasty to go restaurant is serving variety of
fast food items and various other kinds. This report also consists of costumers, skills analysis,
proposed future business, competitors as well as sources of funds within it.
MAIN BODY
Proposed Future Business
The proposed future business plan of Tasty to go restaurant is that it offers its customers
with numerous fast food items and it is located in UK. By taking aid of various services and
corresponding as well as free deserts and its ambience, it has its own uniqueness and speciality in
market. The products of Tasty to go restaurant are food items that are south Indian, sandwiches,
beverages, Italian, burgers, shakes and others (Bridge, 2017). This organisation offers to its
clients various services that are of superior quality with various innovative methods along with
WI-FI connection, free-on site parking facilities and well decorum environment to its clients.
The organisation gives its clients delicious food and tasty food along with clean and safe
environment. Tasty to go restaurant has IPR that is adopted in copyrights, trademarks, designs of
rights form.
Customers of Tasty to go restaurant
The customers in the market are those clients and people that love all those fast foods. The food
serving to its customers is also done with great services who are interested to enjoy and have fast
food with their friends and families or with colleagues are usually its target audience. The
customers or clients are being served with exceptional services along with delightful as well as
tasty food to its clients with clean environment (Burnett and Danson, 2017). With the motive to
capture large market, this restaurant advertises and promotes its fast food items and the other
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varieties which are being offered by it in market with various promoting and advertisement
channels like digitalising, social media, it also uses offline promoting channels.
Competitors of Tasty to go restaurant
The competitors are other business organisations that are selling and offering with same or
identical products to its customers and clients in the market. The competitors of Tasty to go
restaurant are all other entities which are offering same south Indian, Italian, sandwiches,
beverages, burgers, shakes and all other different food items. These competitors that are present
in market are Subway, McDonald’s and KFC and others in the UK. In today’s world, young
generation is involved as well as interested in tasting new varieties and even love to have
traditional food items (Drobyazko and Et. Al., 2019). This also helps Tasty to go restaurant in
capturing as well as gaining competitive advantages over these competitors in the market. The
Tasty to go restaurant also provides to its clients and customers with superior quality food
products that are reasonable and affordable. This restaurant needs to frame as well as implement
various effective strategies of marketing for attracting more and more customers in UK with the
aid of maintaining customer loyalty.
Skill analysis
Innovation and invention are important as they are skills that can lead to growth in new business
ideas and also during the launch of new entities in the market. Tasty to go restaurant possess
talented, professional as well as trained employees and staff which are necessary in organisation
operations (Hyams-Ssekasi and Caldwell, 2018). There is skill set needed for inventing of new
ideas and plans for business along with new addition in the UK market of Tasty to go restaurant.
Skills which are necessary are discussed as follows:
 For taking decisions, decision making skills are necessary.
 In this restaurant, time management skills are necessary because food making requires
time management along with its serving and functions.
 The another skill required is team coordination and cooperation that are necessary for
operating of various functions in Tasty to go restaurant.
For overcoming in the restaurant the skill gap, proper communication as well as clear and open
reporting of operations is required. There is a need for a clear responsibility and authority related
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to duties and responsibilities for its employees as it will help in this skill gap overcoming of the
restaurant.
Projected 2-year profit and loss account and proposed 2 years’ cash flow forecasts
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Tasty to go restaurant sources of Funds
There are many fund sources in the market that can be of use to Tasty to go restaurant for its
incorporation in the market of UK. Tasty to go restaurant can get its sources from market and can
also raise funds from friends, relatives, family and others which are best fund sources for
achieving. The various funds used by Tasty to go restaurant can also be personal funds as well as
family, friends or known people and personal savings (Maas and Jones, 2017). Loans and debts
are another fund sources that can also be used by restaurant. Banks and various other loans and
debts that are being provided by these institutions can also be used. The yet another important
sources can be crowd funding as well as business angels which can be utilised along with these
debts and all.
Plans for obtaining your resources, both tangible and intangible between now and either 1-2 year
ahead
There is important to Tasty to go restaurant for developing as well as implementing various plans
in managing for resources effectiveness and efficiency of the business. Professional operational
management can be utilised for strengthening as well as also in tangible and intangible resources
management of entity. It should concentrate on all materials suppliers along with bargaining
thereby leading in reduction of various costs for business. The total capital will be 25000 GBP
for launching as well as first sale. The operational expenses as well as other anticipated
purchases that are related to revenues and profits generation needs to be focused. The capital
total that is needed will be 20000 GBP for Tasty to go restaurant start-up. The important
approaches along with the use of cash and other resources for Tasty to go restaurant needs to be
used in an efficient method. The tangible and intangible resources are important for growth and
development in future in the market for the business.
The type of organisation and the management information systems required to effectively
control the business
Tasty to go restaurant should concentrate in growing in efficient way within the market in
a less time with different key tools and techniques that are present within the market which are
required during launch and development (Mika and Et. Al., 2017). The various practices and
techniques that are based on information technology needs to be effective as they give assistance
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to entity. It is important for a new business that is a start-up to concentrate on its IR application
in the market for getting success (Van Dijk, Sergaki and Baourakis, 2019). The Tasty to go
restaurant important requirements as discussed as follows:
 Decision Support system: It is connected with technology and information as it
facilitates growth and development of business. Tasty to go restaurant’s decision making
will be guided with its help. Business has an important role to play as it focuses on
decision support system to take decisions within work.
 Management Information System: It is approach that facilitates business with delivery
of best practices and services. Tasty to go restaurant should have support of this system
for enhancing and increasing coordination and cooperation among employees and staff. It
assists a new business with the creation of a positive environment in organisation.
 Customer Relationship Management System: It helps a business to focus on growth
and development of business organisation. This system is very effective and efficient
software as it provides assistance to Tasty to go restaurant and it maintains and builds a
very strong relationship with clients in market.
Vision of business idea
The future vision of Tasty to go restaurant is to provide excellent satisfaction to its
customers and also an exceptional dining experiencing services to them. It wants to have its
working towards its employees with high moral standards and also for bringing joy for its
customers with its delicious and tasty meals with great ambience.
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CONCLUSION
From the above report it can be concluded that Tasty to go restaurant is wanting to launch in UK
market its business. This report explains skills analysis, operations of tangible and intangible
resources, business future vision and their management and competitors and clients of the Tasty
to go restaurant in UK market. This report also consists of organisation management information
system that is important for business control.
REFERENCES
Books and Journals:
Bridge, S., 2017. Is “entrepreneurship” the problem in entrepreneurship education?. Education+
Training.
Burnett, K. A. and Danson, M., 2017. Enterprise and entrepreneurship on islands and remote
rural environments. The International Journal of Entrepreneurship and
Innovation,.18(1). pp.25-35.
Drobyazko, S. and Et. Al., 2019. Innovative entrepreneurship models in the management system
of enterprise competitiveness. Journal of Entrepreneurship Education. 22(4). pp.1-6.
Hyams-Ssekasi, D. and Caldwell, E. F. eds., 2018. Experiential learning for entrepreneurship:
Theoretical and practical perspectives on enterprise education. Springer.
Maas, G. and Jones, P., 2017. The role of entrepreneurship centres. In Entrepreneurship
Centres (pp. 11-16). Palgrave Macmillan, Cham.
Mika, J. P. and Et. Al., 2017. Perspectives on indigenous entrepreneurship, innovation and
enterprise. Journal of Management & Organization. 23(6). pp.767-773.
Van Dijk, G., Sergaki, P. and Baourakis, G., 2019. The cooperative enterprise: Practical evidence
for a theory of cooperative entrepreneurship (pp. 1-204). Cham, Switzerland: Springer
International Publishing.
and Baourakis, 2019)
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