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a detailed business proposal for a new business in the east London area.

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Introduction

For this coursework you must produce a detailed business proposal for a new business in the east London area. Your business proposal, or (business plan), must show that you have researched the idea fully. You must conclude your proposal by evaluating whether your idea could be successful. For this piece of coursework I have been asked to produce a detailed business proposal for a new business in the east London area. My business proposal will include different types of research and if I have a successful business. I have decided to investigate setting up a Bakery that will serve breakfast and lunch and different varieties of snacks such as cakes, doughnuts, sandwiches, chocolates, pastries, crisp also soft drinks, hot chocolate, tea and water. I want the future generations to not be obese or anorexic that's why I will be selling healthy food. I think this will be successful because there aren't many bakeries in east London there is a lot of unhealthy food shops so that's why I think it will be a great idea. It would be successful because there is very little competition. ...read more.

Middle

Also because I would have more finance than a sole trader and it would be less stressful. I would find it comfortable to share the business responsibilities. Disagreements can lead to break up of the business for this reason I think that we should have a Deed of Partnership. Also I could take more holidays and won't have to worry about anything because my partner could take care of everything while I am gone. Location It is important to choose the right location for my business because this could determine if the business becomes successful or not. I want to choose an area that will benefit my business the most. The best location for my business I think is near a school/football ground or inside a shopping mall because that's the areas that are mostly busy and that's where there are more customers and more customers mean more money/profit. My business could either be in near East Ham high street or near Ilford exchange because both areas have a large population of different ethnic minorities and that would be great for my business because I'm selling multi cultured food. They also both have easy transport access e.g. train stations, buses and trams. ...read more.

Conclusion

pay back the more interest they will add on it, but if I take the money from my family I will not push myself and that could put me in dept. I will also need enough money to cover operating expenses until I get enough revenue coming into the business to pay for expenses such as rent, utilities, business rates and the interest on my long term loan. I will also need money to cover variable costs such as the wages for my employees (chefs), the amount I spend on ingredients and cooking accessories. All businesses need capital expenditure to provide a service to begin with. Once my business is up and running and working well. I will need to borrow �15,000 in order to cope with my start up costs and to keep my business buoyant until I begin to make profit. Conclusion My business enterprise idea was a caf� in Ilford, which is in east London. I believe this would succeed because the location that I have chosen would be a great place for my business purely because the population in that are is big and my questionnaire shows that it would be a great place for my business. 1 ...read more.

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