The document provides information about starting a business and writing a business plan. It discusses how a business plan can help turn an idea into a real business by thinking through all aspects of the operation. It also introduces The Prince's Trust Business Plan Pack, which divides a business plan into sections to help develop ideas. Customers of The Prince's Trust can receive help completing plans and potentially starting their business.
This simple step by step guide will help guide any new entrepreneur looking to embark on a coffee shop venture, covering aspects from selecting your machine to choosing your location.
In the first place let’s have a look on why you should own a franchise, as an
entrepreneur you would have a number of business start up ideas but promoting
your marketing and business expertise can be a hard nut to crack in a market where
there are thousands of competitors, franchising can help you out in this regard,
getting a franchise from a multi national brand guarantees international market for
you which is already familiar with your brand’s specialties, thus at a very low cost
and risk you can start up but one thing that might discourage you is “you have to
abide by the rules”, multi national companies often want their franchise owners to
follow their policies and strategies. Their policies are the key of a “franchisor’s
success” thus following them will only enhance your capital and ratings.
This simple step by step guide will help guide any new entrepreneur looking to embark on a coffee shop venture, covering aspects from selecting your machine to choosing your location.
In the first place let’s have a look on why you should own a franchise, as an
entrepreneur you would have a number of business start up ideas but promoting
your marketing and business expertise can be a hard nut to crack in a market where
there are thousands of competitors, franchising can help you out in this regard,
getting a franchise from a multi national brand guarantees international market for
you which is already familiar with your brand’s specialties, thus at a very low cost
and risk you can start up but one thing that might discourage you is “you have to
abide by the rules”, multi national companies often want their franchise owners to
follow their policies and strategies. Their policies are the key of a “franchisor’s
success” thus following them will only enhance your capital and ratings.
The coffee business is an exciting industry, far- reaching in its economic impact and rich in history.
It is the world's most popular beverage with over 500 billion cups consumed each year. It is produced in 70 countries with the top three producers being Brazil, Vietnam, and Indonesia. In 2010, the global coffee market was worth upwards of $80 billion USD with 25 million small producers relying on coffee for a living.
More information please visit www.bevexperts.com
BMC Report (ENT300) - Individual Assignment
Business Model Canvas is strategic management and starting template for expanding new or existing business models. In 2005, Alexander Osterwalder has initially proposed the nine "building blocks" of the Business Model Canvas based on his earlier work on business model ontology. Around 2008, new canvases for specific niches have emerged. Using the template, any company can quickly describe their business model. The template consists of nine boxes, which are Key Partners, Key Activities, Value Propositions, Customer Relationships, Customer Segments, Key Resources, Distribution Channels, Cost Structures, and Revenue Streams.
For this assignment, I choose a food and beverage company named Secret Recipe Cakes & Café Sdn Bhd. Founded in 1997 by Tan Sri Dato' Steven Sim, Secret Recipe has successfully established its brand name in Malaysia, Singapore, Indonesia, Thailand, China, Brunei, Cambodia, Myanmar, Maldives, and Bangladesh. The company also plans to enter the India and New Zealand markets in the future. This cafe serves cakes and fusion food with a Halal certificate given by Jabatan Kemajuan Islam Malaysia (JAKIM). The cafe usually located in shopping malls and prime urban locations in major cities in the region. Secret Recipe has grown to over 440 cafes throughout Asia since its establishment. The company also has opened branches in Australia once but because of the high costs of starting up a franchise, the operation was stopped.
I choose this company because I have interested in researching the food and beverage sector compared to other sectors. Besides, it is a leading and largest café chain in Malaysia that has a good reputation and famous among Malaysian because of their delicious cakes. I can say that almost all Malaysian will celebrate anything with the Secret Recipe cakes. Other than that, as a Muslim, I think it is good to know that they committed to follow the standards of preparation of all food and processing plants in the restaurant under the Halal-certification regulatory guidelines including HACCP and VHM guidelines.
Business Plan-Power point Presentation
The best and the easiest business model which can be duplicated by anyone.If replicated with hard work,persistency and consistency,one can fetch really great rewards.Wake up and make your dreams come true.Come,Join Us.
Business Proposal for Soft Line Cafe to operate at Al Yamamah UniversityNaja Faysal
This is a proposal prepared by Naja Faysal for Softline Cafe. The objectives of the proposal was to open up a branch of Softline Cafe in Alyamamah university. The results were superb. Today, Softline Cafe are in successful operation as coffee shop on the campus of Al yamamah university, Riyadh Saudi Arabia.
Coffee Shop Business Plan Template. Excellent high quality documents in Word, Excel and PowerPoint for starting a Coffee Shop and writing a business plan.
If you have wanted to start a Coffee Shop this is for you.
More Info. and reviews at: https://www.fiverr.com/jssnetbay/deliver-a-coffee-shop-business-plan
By using these document you will easily learn how to make, write and create a business plan for starting a coffee shop.
The Business Plan covers the following sections:
I. Executive Summary 2
Financial Highlights 3
Objectives 3
Mission Statement 3
Keys to Success 4
II. Description of Business 4
Concept 5
Operations 5
Purchasing 5
Maintenance 6
Policies 6
Customer Service 6
III. Management & Personnel 7
IV. Marketing 8
V. Industry Analysis 10
VI. Market Analysis 11
VII. Property Analysis 12
Interior Build-out 12
VIII. Products and Services 13
IX. SWOT Analysis 14
X. Financial Analysis 15
Sales Forecast 15
Personnel Forecast 16
Startup Forecast 16
Startup Funding 17
Profit & Loss Forecast 18
Cash Flow Forecast 19
Balance Sheet Forecast 20
Year 1 Monthly Profit & Loss 21
This material was delivered to a group of aspring entrepreneurs in Lagos Nigeria by me. My name is Angela Ihunweze CEO Angela Itambo Company visit www.angelaitambo.com.ng to know about me
The coffee business is an exciting industry, far- reaching in its economic impact and rich in history.
It is the world's most popular beverage with over 500 billion cups consumed each year. It is produced in 70 countries with the top three producers being Brazil, Vietnam, and Indonesia. In 2010, the global coffee market was worth upwards of $80 billion USD with 25 million small producers relying on coffee for a living.
More information please visit www.bevexperts.com
BMC Report (ENT300) - Individual Assignment
Business Model Canvas is strategic management and starting template for expanding new or existing business models. In 2005, Alexander Osterwalder has initially proposed the nine "building blocks" of the Business Model Canvas based on his earlier work on business model ontology. Around 2008, new canvases for specific niches have emerged. Using the template, any company can quickly describe their business model. The template consists of nine boxes, which are Key Partners, Key Activities, Value Propositions, Customer Relationships, Customer Segments, Key Resources, Distribution Channels, Cost Structures, and Revenue Streams.
For this assignment, I choose a food and beverage company named Secret Recipe Cakes & Café Sdn Bhd. Founded in 1997 by Tan Sri Dato' Steven Sim, Secret Recipe has successfully established its brand name in Malaysia, Singapore, Indonesia, Thailand, China, Brunei, Cambodia, Myanmar, Maldives, and Bangladesh. The company also plans to enter the India and New Zealand markets in the future. This cafe serves cakes and fusion food with a Halal certificate given by Jabatan Kemajuan Islam Malaysia (JAKIM). The cafe usually located in shopping malls and prime urban locations in major cities in the region. Secret Recipe has grown to over 440 cafes throughout Asia since its establishment. The company also has opened branches in Australia once but because of the high costs of starting up a franchise, the operation was stopped.
I choose this company because I have interested in researching the food and beverage sector compared to other sectors. Besides, it is a leading and largest café chain in Malaysia that has a good reputation and famous among Malaysian because of their delicious cakes. I can say that almost all Malaysian will celebrate anything with the Secret Recipe cakes. Other than that, as a Muslim, I think it is good to know that they committed to follow the standards of preparation of all food and processing plants in the restaurant under the Halal-certification regulatory guidelines including HACCP and VHM guidelines.
Business Plan-Power point Presentation
The best and the easiest business model which can be duplicated by anyone.If replicated with hard work,persistency and consistency,one can fetch really great rewards.Wake up and make your dreams come true.Come,Join Us.
Business Proposal for Soft Line Cafe to operate at Al Yamamah UniversityNaja Faysal
This is a proposal prepared by Naja Faysal for Softline Cafe. The objectives of the proposal was to open up a branch of Softline Cafe in Alyamamah university. The results were superb. Today, Softline Cafe are in successful operation as coffee shop on the campus of Al yamamah university, Riyadh Saudi Arabia.
Coffee Shop Business Plan Template. Excellent high quality documents in Word, Excel and PowerPoint for starting a Coffee Shop and writing a business plan.
If you have wanted to start a Coffee Shop this is for you.
More Info. and reviews at: https://www.fiverr.com/jssnetbay/deliver-a-coffee-shop-business-plan
By using these document you will easily learn how to make, write and create a business plan for starting a coffee shop.
The Business Plan covers the following sections:
I. Executive Summary 2
Financial Highlights 3
Objectives 3
Mission Statement 3
Keys to Success 4
II. Description of Business 4
Concept 5
Operations 5
Purchasing 5
Maintenance 6
Policies 6
Customer Service 6
III. Management & Personnel 7
IV. Marketing 8
V. Industry Analysis 10
VI. Market Analysis 11
VII. Property Analysis 12
Interior Build-out 12
VIII. Products and Services 13
IX. SWOT Analysis 14
X. Financial Analysis 15
Sales Forecast 15
Personnel Forecast 16
Startup Forecast 16
Startup Funding 17
Profit & Loss Forecast 18
Cash Flow Forecast 19
Balance Sheet Forecast 20
Year 1 Monthly Profit & Loss 21
This material was delivered to a group of aspring entrepreneurs in Lagos Nigeria by me. My name is Angela Ihunweze CEO Angela Itambo Company visit www.angelaitambo.com.ng to know about me
Dr. Tony Ratliff - "Smartups Startups Presentation - Investor Relations"Tony Ratliff
A SMARTUPS presentation given 1/21/14 to the SMARTUPS group in Indianapolis. Investor Relations and a few Life Lessons by Dr. Tony Ratliff - Angel Investor, Founder
In performing our assignment, we had to take help and guideline of some respected persons, who deserve our greatest gratitude. We would like to show our gratitude to our supportive lecturer, Sir Firdaus for giving us a good guideline throughout a numerous consultations. We would also like to expand our deepest gratitude to all those who have directly and indirectly guided us in writing this assignment.
Many people, especially our classmates and team members itself, have made a valuable comment and suggestions on this proposal which give us an inspiration to improve our assignment. We thank all the people for their help directly and indirectly to complete our assignment.
3 important things to consider when starting a businessCloudBooks
Before starting the business, you have to figure out many things. Your mind can fall into confusion if you do not point out the most significant things for yourself.A successful business requires an excellent idea and a lot of determination. But what do you need to investigate and think about before the beginning of the business? I am here to advise you, lads. In this post, you will discover the three most essential points to consider when starting your business.
Enterpreneurship Development Assignment on making business unique and convert...Gunjan Awasthi
Ways to make business unique and successful in 21st century.
Challenges or threats on Enterpreneurship and how to convert challenges into opportunities.
if you have a business then you will love this little book of big business, packed with great articles including business development, website, sales, and much more
If you still believe old “Partners & Co” approach to your accounting practice is the way to go, you need to wake up. Cloud accounting is here, new banking infrastructure, such as bitcoin is emerging, and new devices adoption rate is accelerating. All these new trends are making your old accounting business obsolete.
What are you going to do about it?
Every business owner, including an accountant, wants to make the world a better place and build something that makes a difference and pleases her customers.
Guy Pearson will help you define your unique selling proposition and business model, assist you to take the focus back to your clients and will share his experience on building a practice that scales.
In this presentation, we will take a deep dive into proven ways to build a practice that matters and one you’ll be proud to tell your friends, colleagues and family about.
Objectives:
What is your USP (Unique selling proposition) – do you have one and how to craft one?
Business models – are you a surgeon, a local coffee shop or a McDonald’s? Maybe a hybrid is the way to go?
Always. Focus. On the client. They help you get paid.
Think with scalability in mind.
Make yourself obsolete.
Do something that matters.
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Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
The Parable of the Pipeline a book every new businessman or business student ...
Sarah Odetunde
1. Welcome
The Business Plan
You’ve got a business idea. You’ve decided to start a business.
You want to get going.
But there’s a lot more to a good business than a good idea.
You need to think things through to maximise your chances of success.
Are you the right person to run the business? Will customers like your product?
A business plan will help you turn an idea into a business. It needs you to think through all the
parts of your business to plan how everything will work. It will take a few weeks to write if you’re
going to do it properly. Some parts will be easier to complete than others.
Stick at it because it’s not the final document that’s important, it’s the process. Although you
want to have a good plan when you’re done, an OK plan is better than no plan.
The Prince’s Trust Business Plan Pack
The best business plans aren’t long and complex; they explain only the most important information – what you want
to achieve, how you will get there and the things you need to do along the way.
It’s best to tackle a business plan in small chunks. The Prince’s Trust Business Plan Pack can help. This is The
Business Plan divided into sections to help you develop your business idea. You can use the information in The
Guide to help you complete the sections. Some of the sections of The Business Plan have tables to record the
financial parts of your business. The tables are also available in MS Excel format and the sums in these are
automatic.
The Prince’s Trust Enterprise Programme
The Prince’s Trust has helped many young people to complete their business plans and start their own businesses.
If you are aged 18–30 and unemployed or working fewer than 16 hours per week, then we might be able to help
you. We have offices throughout the UK and in each there is a team of Enterprise Programme staff.
To take part, you need to be interested in self employment and have a business idea that you would like help to
test and explore. The programme can then help you to see if your business idea will work and whether self
employment is right for you. If through this process you find out it is, the programme can offer mentoring support
and, if you really need it, financial support to start your business. However, if self employment turns out not to be
the right option, the programme can offer support to secure other goals in employment, education, training or
voluntary work.
We can’t guarantee that your business will work or that we will be able to offer you money, but if you are up for a
challenge and want our help to explore your business idea, get in touch and come and meet us.
2. Getting started
Whose plan is this?
Business and owner details: Modupeoluwa Sarah Odetunde
Business name: Sarah’s bakes
Owner(s) name: Modupeoluwa Sarah Odetunde
Business address and postcode: Gonyeli north Cyprus
Business telephone number: +905428830639
Business email address: dupsygem4loves@gmail.com
Home address and postcode (if different from above):
Home telephone number (if different from above):
Home email address (if different from above):
3. Section one
Executive summary
1.1 Business summary: My cake shop is a retail shop located in north Cyprus. My plan is to attain and
maintain the interest of my customers with the broad variety of cake, snacks and other products. It will
build a strong position among competitor by offering my product at a competitive price and quality
products.
1.2 Business aims: I will serve all my customers by providing my products with affordable price and by
rendering services that will put a smile on their faces. I will make no discrimination between my customers.
1.3 Financial summary: I will not be applying for financing. I plan on using some money I saved in the bank.
I have about 3000tl in my saving account. If something goes wrong, I have back-up money and more than
enough for my start- up cost. I will be using my house for the time been. I hope that after a few years of
being open that I have enough money to buy a shop
4. Elevator Pitch
1.4 Your business name: Sarah’s bakes
1.5 Strapline: A little bliss in every bite
1.6 Elevator pitch: Sarah’s bakes is a small business which produces mainly Nigerian recipe cakes which
serve Nigeria student as well as individuals at large in north Cyprus using modern flavours quality
ingredient the cakes primary aim are birthday parties, student gathering, special occasions. All cakes are
produced to order.
5. Section two
Owner’s background
2.1 Why do you want to run your own business? because I love to be an entrepreneur and to help African
student to feel at home.
2.2 Previous work experience: Still a student, No work experience
2.3 Qualifications and education: Degree in business administration in NEU
2.4 Training: Certificate and associate’s degree programs in pastry arts and cake making, also known as
cake decorating, teach the necessary skills needed to decorate cakes and effectively communicate with
customers
Details of future training courses you want to complete: Catering and Restaurant management
2.5 Hobbies and interests: cooking and baking
2.7 Additional information:
6. Section three
Products and services
3.1 What are you going to sell?
a product
a service
both
3.2 Describe the basic product/service you are going to sell:
Nigeria snack
3.3 Describe the different types of product/service you are going to be selling:
Cakes, chin chin, egg roll etc…
3.4 If you are not going to sell all your products/services at the start of your business, explain why not and
when you will start selling them:
First, I want to be specialized in providing in “Cupcakes” and Nigerian Snacks…
Secondly, in long range I want to create a complement store providing Nigerian Food & Deserts.
3.5 Additional information:
7. Section four
The market
4.1 Are your customers:
individuals
businesses
both
4.2 Describe your typical customer:
Africa people
4.3 Where are your customers based?
Cyprus
4.4 What prompts your customers to buy your product/service?
It a base need for Nigerians to get the product because of the taste
And for them to feel at home because Turkish snacks and food is different
4.5 What factors help your customers choose which business to buy from?
• Therefore, to provide a better homemade snack for Africans (Nigeria)
• This kind of snacks is too expensive here in Cyprus.
• Our Nigerian life style in the way we serve, dress, and place.
• The kind of events we provide to our customers.
4.6 Have you sold products/services to customers already?
yes
no
If you answered “yes”, give details:
4.7 Have you got customers waiting to buy your product/service?
yes
no
If you answered “yes”, give details:
4.8 Additional information:
8. Section five
Market research
5.1 Key findings from desk research: internet and social media
5.2 Key findings from field research – customer questionnaires: We done a research on 50 African friends
asking them about the different between African snack and Turkish snack
And they said they saw a very high prices , not a good quality , and also the places is not give them the
soul of Africa..
5.3 Key findings from field research – test trading: we offer to our friends a kind of cakes and African
snacks we cooked at home they love the cakes so much, and they tell us some notes on the snacks ...."
5.4 Additional information:
9. Section six
Marketing strategy
What are you going to do? Why have you chosen this marketing
method?
How much will it
cost?
Word of mouth
Advertising
Social Media
Word of mouth is arguably the most
effective form of business promotion and
marketing. Friends are the most supportive
of my business venture so start promoting
my business with their help. Donate my
cake to churches holding bake sales to
raise funds. I give them flyers to pass out to
their friends.
Distributing business card
Easy communication with customer
100tl
TOTAL COST 100tl
10. Section seven
Competitor analysis
7.1 Table of competitors
Name, location
and business size
Product/service Price Strengths Weaknesses
Cake boss Gonyeli small size Cake 150tl • Have more experience
• Has operate the
business for more
than years
• Newly establish with
new furniture
• Well-known by most
of the customer
• Lack of staff
• Unattractive environment
• New in the market
• High price of product
11. 7.2 SWOT analysis:
Strengths
• Produce creative and unique cake
• Provide something different unlike any competitor in the market
• Give everyone regardless of budget the opportunity to have a special cake
Weaknesses
• New in the market
• New setup
• Need to ensure consistent high quality product to stay competitive in
the market
• Lack of experience
Opportunities
• High quality product with reasonable prices
• Expansion of the product line.
• Growing concern for health
Threats
• Experience of competitors in the market and best advertisement
strategies example Gloria jeans and other cakes shop
• Without online engagement and optimization, the company can get
lost in the crowded market place.
7.3 Unique Selling Point (USP):
Unique Selling Point (USP)
Good quality and attractive look for each product
Unique decoration for each event or orders
12. Section eight
Operations and logistics
8.1 Production: I will make 20 cakes in a day, and it will take me 5 hours to bake all the cakes
8.2 Delivery to customers: Yes, for customer who is close by, free delivery
8.3 Payment methods and terms: With cash
8.4 Suppliers:
Name and location of
supplier
Items required
and prices
Payment arrangements Reasons for choosing
supplier
City centre where they
sell all ingredient for
baking
Flour 250
Sugar 100
Butter 60
Baking powder 50
Egg 50
Lcing sugar 30
All in cash They have the best quality
of product for baking
8.5 Premises:
8.6 Equipment
If being bought
Item required Already owned? New or second
hand?
Purchased from Price
Cake pans
Pastry brush
Mixer
Cake filling
YES New 1001 supermarket $100
8.7 Transport: N/A
8.8 Legal requirements: N/A
8.9 Insurance requirements: N/A
8.10 Management and staff: On my own for some period of time
14. Section nine
Costs and pricing strategy
Product/service name Sarah’s bakes
A Number of units in calculation 20
B
Product/service components
Baking powder, butter, flour, sugar, icing sugar,
chocolate,
Components cost
3000tl
C Total product/service cost 3000tl
D Cost per unit 150tl
E Price per unit 130tl
F Profit margin (£) 50tl
G Profit margin (%) 39%
H Mark up (%) 33%
15. Section ten
Financial forecasts
10.1 Sales and costs forecast
Month 1 2 3 4 5 6 7 8 9 10 11 12 TotaL
A Month name Jan Feb mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales forecast
B Product/service
602 452 602 662 903 482 452 361 572 692 753 602 7135
C Product/service
30100 22600 30100 33110 45150 24080 22575 18060 28595 34615 37625 30100 356710
Costs forecast
D Product/service
90300 67800 90300 99300
13545
0
72300 67800 54150 85800
103800
112950 90300 107025
E Assumptions
(e.g. Seasonal trends)
My assumption is that in summer period most Africa student will go home the sales of my product will go down.
16. 10.2 Personal survival budget
Section Monthly cost (£)
A
Estimated costs
Mortgage/rent
1500
Council tax N/A
Gas, electricity and oil 200
Water rates 100
All personal and property insurances 500
Clothing 600
Food and housekeeping 300
Telephone 60
Hire charges (TV, DVD etc.) N/A
Subscriptions (clubs, magazines etc.) N/A
Entertainment (meals and drinks) 150
Car tax, insurance, service and maintenance N/A
Children’s expenditure and presents N/A
Credit card, loan and other personal debt
repayments
N/A
National Insurance N/a
Other
B Total costs (£) 3410
C
Estimated income
Income from family/partner
Part time job 1000
Working tax credit N/A
Child benefits N/A
Other benefits N/A
Other
D Total income (£) 1000
E Total survival income required (£) 2410
17. 10.3 Cashflow forecast
Month
Pre-
start 1 2 3 4 5 6 7 8 9 10 11 12
A
Month
name
Jan Feb Mar Apr May Jun Jul Aug Sep
Oct
Nov
Dec
Money in
(£)
B
Funding
from The
Prince’s
Trust
10000 10
Funding
from
other
sources
5000 5
Own funds 1000 100 100 100 100 100 100
100
100 100
100
100 100 2
Incomes
from Sales
- 30100 22600 30100 33110 45150 24080 22575 18050 28595 34615 37625 30100
35
Other - - - - - - - - - - - - -
C
Total
Money in
(£)
16000
30200
22700
30200
33210
45250
24180
22675
18150 28695 34715
37725
30200
373
Money out
(£)
D
Loan
repayments
The
Prince’s
Trust
- 10042 10042 10042 10042 10042 10042
10042
10042 10042
10042
10042 10042 10
Personal
drawings
Tools 500 500 500
500 500 500 500
500
500 500 500 500
500
6
postage 100 100 100 100 1001 100 100
100
100 100 100 100 100 1
water 150 150
150
150 150 150 150 150 150 150
150
150
150
1
materials 500 500
500
500 500 500 500
500
500
500
500
500
500
65
phone 70 70 70 70 70 70 70 70 70 70 70 70 70 9
Light 200 200 200 200 200 200 200
200
200 200
200
2002
200
2
Maintenanc
e
600 600
600
600 600 600 600 600 600 600
600
600
600
7
rent 1000 1000 1000 1000 1000 1000 1000
1000
1000
1000
1000
1000
1000
13
19. 10.4 Costs table
Cost item What is included and how you worked it out Total cost
50 egg
250 flour
100
sugar
90 vanilla extract
50 baking powder
40 condensed milk
30 evaporated milk
100 whipping cream
Total cost 710
total manufacture cost 710
20. Section eleven
Back-up Plan
11.1 Short-term plan: My short term plan is to implement more efficient marketing by using social media
apps like Facebook and Instagram, purchase new and efficient equipment to streamline processes,
expanding my customer base by 50% and to raise my turnover and profit
11.2 Long-term plan: My long term plans is to get shareholders in the business, expand the business and
get a shop in the city and have more outlet in various part of the city and finally make my business
recognized internationally.
11.3 Plan B: if my business fails I will close it down and stop the cake production so that I don’t incur more
losses and I will also sell the baking tools and equipment.
11.4 Plan B continued...: I will start selling African inspired clothing because a lot of international students
schooling in north Cyprus come from Africa.