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Business Plan Of "Fast Hot Dogs".

Extracts from this document...

Introduction

______________________ Business Plan Of "Fast Hot Dogs" _____________________ Owners: Wayne Angell 11Axf Christopher Johnson 11Axf Introduction: A mini enterprise is a small business that is run for a short period of time and gives us participating students a chance to have the opportunity to understand how businesses are set-up and run in the real world. The aim of running our mini enterprise was above all to see how well we could all work together, run a business and successfully in order to enable us to make a considerable amount of profit for a chosen charity. This plan is a document that explains our business ideas, listings in a particular way to get our business plans going. It contains what we plan to do, how we are going to do it, when we plan to do it and why we believe our idea is profitable and will be a great success. Market: We did our questionnaires and done an analysis. By this we found our place in the market for our goods. We done this to find out if there is a demand for our products that we was going to sell and have found out that there was quite a big demand on hotdogs. We found out what every one else is selling and we there for decided to sell a different food product compared to every other business participating. This is the reason we have chosen for a food stall selling hotdogs and drinks and why we believe this will be a success. Our Product & Service: We will be providing a service to every one, teachers and students at Langley wood school and be selling them their wanted product. ...read more.

Middle

Christopher Johnson is the money manager. He is responsible for looking after the money and keeping accurate records of all money received and paid out. Every day he has to work out how much profit we have made. We have agreed to take out all of our money we have paid into our business at the end of the week and give all the profits to charity. Claybank Blackpond lane Farnham Royal Bucks SL2 3EA 20th October 03 Dear: Whom this may concern I am writing on behalf of Wayne Angell (me) and Christopher Johnson. Would it be possible for us to borrow a segment of the canteen possibly the opposite side of the machines for our mini enterprise? We would like to borrow it for the four days of school. Thank you for considering us a place in the canteen. Please do not hesitate to contact me if there are any queries. I will be in the form 11Axf. Science lab 4. Yours Sincerely Wayne Angell Student Questionnaire 1) What Gender are you? Male ( ) Female ( ) 2) What year group are you in? Yr7 ( ) Yr8 ( ) Yr 9 ( ) Yr10 ( ) Yr 11 ( ) 3) How much money do you bring to school daily? None ( ) 50p ( ) �1.00 ( ) �1.50 ( ) �2.00 ( ) Other �..... ( ) 4) Do you buy hot food in the school canteen? Yes ( ) No ( ) 5) What food products would you prefer to buy? Hot dogs ( ) Samosas ( ) Spring rolls ( ) Pizzas ( ) 6) How many would buy a week? 1 ( ) 2 ( ) 3 ( ) 4 ( ) 5 ( ) 7) ...read more.

Conclusion

Fast Hotdogs- The owners were as follows Wayne Angell (me) and Christopher Johnson. HOW MUCH MONEY WE ALL NEEDED TO START THE BUSINESS- we needed a lot of stock to make the business work. This means that everyone had to bring �10 pounds in so then all together we had �20 pounds and this would hopefully last us the whole week. So for the three days we spent 10 pounds on the pizzas. And the 10-pound the bursar gave us was toward buying the drinks. And we all added a little bit of more money so we could buy the drinks. We also had to pay for hiring out the canteen and hall and also electricity. THE PRODUCTS THAT WE WILL BE SELLING: We will be selling cans and Hotdogs. HOW MUCH STOCK WE WILL BUY? We will buy a 30 Hotdogs and 48 cans. HOW MUCH OUR PRODUCTS WILL COST: The Hot dogs will be �0.98 for a jar of ten and the cans will cost �6.50 for 24 cans (crate). MARKET STRATEGY; We gave out one Questionnaire to the pupils. It had a choice of foods as you can see in our (Appendix 1) for the for results. We advertised our business by handing out flyers and putting posters on the wall. Also we made a mega meal deal.In this way we could attract customers. And we put a competitive price to compete with other businesses. WHERE OUR BUSSINESS WAS SET OUT: Our Hotdog stall was set out in the canteen due to hygiene regulations. IN ORDER TO KEEP OUR MONEY SAFE: To keep our money safe we gave it in to the school bursar. OUR PRICES: Hot dogs = �1 Cans - �0.50p Extras = �0.10p (ketchup and mustard) By Wayne Angell 11Axf ...read more.

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