Business Plan - 3971 Words

Business Plan Presented by: Team Jack Welch (Team 9) Brinda Balachander Debnarayan Banerjee Gagan Singh Ira Singla Priyanshu Mishra Ranjini Ballal Sulabh Sharma Contents 1. Executive summary ................................................................................ 3 2. Evaluation of Business opportunity ................................................. 3 3. Industry profile ........................................................................................ 5 4. Company profile ...................................................................................... 6 5. Marketing strategy................................................................................ 10 6. Financial†¦show more content†¦Hence, we can be assured of a stable and consistent demand in the years to come. Our partnership firm is a going concern since we have estimated breakeven achievement within 7.3 months which indicates very high profitability for the business in the long term. Opportunity for financing (Amenable to finance): We will put in 25% of our capital and the remaining 75% will be obtained in the form of loans from banks and other institutions like venture capitalists. The high profitability and growth rate have resulted in ready provision for finance from various institutions due to quick and high returns on their investment as a result of which the partners will not be required to bear the entire risk. Even the early breakeven due to the estimated high sales has acted as an added advantage for obtaining funds. 4 3. Industry profile Although the restaurant industry is very competitive, the lifestyle changes created by modern living continue to fuel its steady growth. People are getting busier day-by-day hence small time to prepare food for themselves and their families. The Restaurant Industry today: The food service business is the third largest industry in the country. It accounts for over Rs.12000 billion annually in sales. The independent restaurant accounts for 15% of that total. The average Indian spends 15% of his/her income on meals away from home. This number has been increasing for the past seven years. In the pastShow MoreRelatedBusiness Plan For A Business Essay1708 Words   |  7 Pagesbrand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success. Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan. What to Include in Your Business Plan Your businessRead MoreBusiness Plan For A New Venture1355 Words   |  6 PagesA business plan can be used for beginning a new business, to create a more profitable business or for consideration of new services and ideas. A business plan is a written document that gives details on a business idea or venture and present the outlook of the business over a number of years. This plan will guide the business project management and operations, assist in vital decisions and measure performance. There are many types of business plans and not one of them is considered a universal planRead MoreEssay about Creating a Business Plan1119 Words   |  5 Pagesyou must have guidelines, so to speak, to know where you are heading in the future. That is why before you can start a business you need to draw up a detailed business plan. Business plans are considered blueprints. A business plan is what is needed to get your business off the ground and to attract potential investors. A business plan is way to show that you are in the business to make money. Introduce the company and the product/service idea for the new venture. Triple S Night Club is a new companyRead MoreBusiness Plan For An Casual Dining Mexican Restaurant1804 Words   |  8 PagesThe critical analysis essay is based on the business plan of an upcoming casual dining Mexican restaurant in an upmarket locality of Benowa Gardens, Gold Coast, Queensland. The restaurant is called Burrito Bar, which specialises in modern Mexican food along with alcoholic drinks and operates on a franchising model. The business plan was made by one Mr.Paddu for the purpose of procuring a bank loan/private funding to kick-start the project. The business plan follows the general format used in the restaurant/hospitalityRead MoreRenee Business Plan5082 Words   |  21 PagesBusiness Plan for a Startup Business The business plan consists of a narrative and several financial worksheets. The narrative template is the body of the business plan. It contains more than 150 questions divided into several sections. Work through the sections in any order that you want, except for the Executive Summary, which should be done last. Skip any questions that do not apply to your type of business. When you are finished writing your first draft, you’ll have a collection of small essaysRead MoreBusiness Plan For A Business1546 Words   |  7 Pagesenterprise, especially a business, usually with considerable initiative or risk†. They are usually characterized as people with greatly valued self-reliance, with high optimism and people who who strive for distinction through excellence. I am interested in starting my own basketball business and becoming an entrepreneur. In order to start a business I need a business plan. From research, I have learned that my business plan needs to have an executive summary, identification of my business, financial recordsRead MoreBusiness Plan For A Business840 Words   |  4 Pagesâ€Å"Business plans are statement of a business goals, reason they are attainable and plans on meeting it’ (FoxBuisness, 2013). A business plan maps the course and gives a detail plan on how these goals are achievable. It is also important to establish a solid business plan for funding. Some small business use venture capital, bank loans, personal funds, and private investors as sources of funding. The business plan must therefore, sell investors. A well-written convincing business plan can buy investorsRead MoreBusiness Plan1439 Words   |  6 PagesBusiness Plan What is Blueberry Nights? Type: bar and restaurant for young people Category: II. class Service method: plate service Menu type: A’la Carte Opening hours: Sunday to Wednesday 10:00-22:00 Thursday to Saturday 13:00-05:00 No day off Target market: students, tourists and residents Location: Budapest, Margit kà ¶rà ºt Few steps from Margaret Island Easy to reach by tram Seating capacity: 120 (80+40) 1st floor: kitchen area, 80 seated restaurant, bar, armchairsRead Morebusiness plan5494 Words   |  22 Pagesbecause we as a young generation that want to open new shop sold the â€Å"Keropok Leko†. OBJECTIVE OF THE ORGANIZATION Every business opportunity begins with the existence of various customers needs and wants for particular product or service. A need is something that is basic in life such as food, clothes and shelter. Therefore, our companies take these advantages and venture a business based on food industries. Our main activity is to manufacture keropok lekor that is made from fish paste, flour, and saltsRead MoreBusiness Plan For A Business1866 Words   |  8 Pages Business Plan Buiness model in theory and practice according to Wikipedia is used for a broad range of informal and forma l descriptions to represent the core aspects of a business, including the purposes of that business, its process, target customers, of ferings, strategies , infrastructure, organizational structures, trading practice, and operational processes and policies . Below, we would look at two kinds of business model (franchise and tradition al business) , their pros and cons, o r their

Information Systems for Functions - MyAssignmenthelp.com

Question: Discuss about theInforation Systemsfor Administrative Functions. Answer: Most traditional business has lagged behind in the use of information technology. The use of computers in organizations, until recently, have been used primarily to automate business administrative functions. At present, many business functions including technical functions are conducted with the assistance of information communication technology. The most important part of information technology in an organization, is the utilization of the information systems which is necessary for use by majority of employees. As pointed out by Bryant, Black, Land, and Porra, (2013), information systems are necessary for the creation, reception, storage, maintenance and the distribution and communication of information within an organization. However, the users of information systems have depicted resistance to its use. This paper focuses on user resistance to an information systems and the factors that lead to the success of information systems in an organization. Reasons Behind user Resistance to Information Systems Among the many theories that try to explain the reason behind user resistance to information systems, are the ones related to social aspects. Workers reaction to the change in social interaction is part of the reason for the resistance to the information systems (Kishor, 2011). Most of the employees fear the loss of social interaction to fellow workers with the use of information systems. It is evident that employees are social in nature, they are a type of people that prefer to commute from office to office in the process of submitting documents and also to pass information. Having a chance to interact with fellow employees, give them a strong positive attitude towards work. However, the use of information systems in organizations limit this kind of social interaction among employees. The unnecessary cost which will be uncured by the users is also a cause for resistance. Most of the intended users of information systems have no or little knowledge in the use of information systems. As much as an organization try to give training on its uses, it is never enough. For this reason, the employees feel that they dont have the needed skills in handling the information systems thus may cost them their jobs (Davison, 2005).They therefore incur extra and unprecedented cost in private training for the use of information system. As much as it is undoubtedly true that information systems streamline the communication process of business as part information technology, means that many jobs have been lost. This is because information system requires only one person to handle a computer thus leaving out most of the employees. The fear of losing of jobs is another major cause of resistance to information systems. When the benefits of the information system are not clear to the user, it is likely that there will be resistance to the information systems (Alshawi and Arif, 2012). Users are a type of people who need to be given sufficient information so that they can be aware of the importance of information systems. Factors Influencing Information Systems Success in Organizations Information systems success continues to be one of the most interesting research areas. The understanding of the factors influencing the success of information systems in organizations is the most significant. One of the factors is the decision-making structure of an organization. The type of control methodology that an organization employ has an influence on the success of information systems success (Nu?ttgens et al., 2013). Centralized organization structure leads to the success of information system because it will lead to an effective end-user computing and also produce more strategic end user applications. Top management support is one of the influences of the success of any organization's operations. When the top management gives support for information systems, it means that there will be a successful deployment of information system applications. Also, the top management can provide funds for the training of employees so as to have sufficient skills to handle the information systems. According to Beynon-Davies, (2013), the incorporation of organizational goals and information technology goals is one factor that can lead to the success of information systems. To ensure that there is a success in information systems, an organization should ensure that the use information systems is linked to the overall plan of an organization. Management style is important in directing the way people will be directed in the achievement of company goals and objectives. Concerning information systems, people oriented managers ensure there is an interpersonal relationship among the employees. With such management style, a manager can relate with the employee through encouragement in all the stages regarding information system implementation and execution References Alshawi, M. and Arif, M. (2012).Cases on e-readiness and information systems management in organizations. 1st ed. Hershey, PA: Business Science Reference, p.159. Beynon-Davies, P. (2013).Business information systems. 2nd ed. Palgrave Macmillan, p.275. Bryant, A., Black, A., Land, F. Porra, J. 2013, "Information Systems history: What is history? What is IS history? What IS history? ... and why even bother with history?",Journal of Information Technology,vol. 28, no. 1, pp. 1-17. Davison, R. (2005).Information systems in developing countries : Theory and Practice. 1st ed. Hong Kong: City University of Hong Kong Press, p.204. Davison, R. (2005).Information systems in developing countries. 1st ed. Hong Kong: City University of Hong Kong Press, p.204. Kishor, V. (2011).Inter-Organizational Information Systems and Business Management: Theories for Researchers: Theories for Researchers. 1st ed. IGI Global, p.63. Nu?ttgens, M., Gadatsch, A., Kautz, K., Schirmer, I. and Blinn, N. (2013).Governance and Sustainability in Information Systems. Managing the Transfer and Diffusion of IT. 1st ed. Berlin: Springer Berlin, p.240.