Introduction to my Business Plan.

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Mike Gurnhill

Introduction to my Business Plan 

People seek to enter self-employment for a variety of reasons and there are many, diverse opportunities for starting a successful business venture.  However, it is essential that any business has an appropriate legal structure and sufficient backing.

Before you can produce a business plan you have to select a business, a structure and identify sources of finance.  Your research into this will provide the background for the introduction to your business plan.  You may find it helpful to mention options you have rejected in explaining how your have arrived at your decisions.  Your introduction should include: -

  1. the attributes that you have to offer and your aims in setting up the business venture
  2. the business venture you have chosen with reasons, addressing risks and opportunities
  3. the proposed legal structure of the business and explaining why this is appropriate
  4. potential sources of finance explaining how these fit with the legal structure and aims of the business venture

I have chosen to use the café business venture.  The type of café I have decided to create is going to be relaxed, chilled out and a comfortable place to be, similar to Central Perk in the T.V. series F.R.I.E.N.D.S.  Rather than having a traditional English style café where it serves things like an all day breakfast and many other hot foods, this will be very similar to a coffee house.  So the café will not be serving meals but smaller items of food such as muffins, brownies, croissants, etc.

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The location of the premises will be in a quiet urban area of a big city e.g. Manchester, London, New York, etc.  The staff would be wearing simple shirts/blouses with a small logo of the café on the left hand side of the shirt.

My aims and objectives for this café are to: -

  1. Break-even within 6months of starting up
  2. Have a turnover of 20% within a year and ½ of breaking-even
  3. Have at least 50 customers per day at the end of 4months
  4. Introduce a membership system within 3months
  5. Open a second Café after two years
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