MY BUSINESS PLAN: Putting Up a Restaurant Business
My Objectives:
1. To start producing and serving food by November 2012.
2. To achieve profitability by the end of 2013.
3. To seek adequate financing for the first 12 months of operation.
What is my business?
My business is all about food serving or a Restaurant and producing one of the important demands of the people we called FOOD. This business will concern on the healthy diets that most people are eagerly looking forward for a better and even longer life. I prefer food services because it is one of my mother business that is still operating now and it came to me as a hit. I loved serving food because it is also a tremendous ways in gaining such profit. This business will be expected to hit a major breakthrough in the next 2 years because I believed that such business will grow if you do a lot of hard work and patience that I believed it is one of my assets.
What is my Products or Services?
Essentially my business is food so the products that I will produce are only foods. My products that I will be able to produce are:
1. Vegetable Cuisine- this type of food delicacy will help increase the healthy nutrition that is needed in our mind and body this will also give people a chance to live life to its fullest also includes the healthy diet that is very needed in our body.
The Essay on Healthy foods vs. not healthy foods
Eating is something that we all have to do to stay alive and we do it at least three times a day. We live in a world where there are so many choices and no one but ourselves are responsible for the foods we eat. In this essay I will compare and contrast the differences between eating healthy foods instead of not so healthy foods. First I’m going to discuss the healthy foods. The two areas of ...
2. Meat Cuisine- this cuisine is a very good source of energy that is need in man’s body. With this type of cuisine I will be able to produce many Filipino delicacies that are very good for the taste of the people.
Identifying the Potential Markets of my Business
This type of business is open to the general public so my likely costumers will be different class of peoples.
The location
Of my business provides me advantages in leading a good profitability. In this type of location also enriches many people to buy my products for they are widely seen in the general public places. Also to make sure that my products are reliable and it’s healthy.
The Advertising
I will gunk up my restaurants making sure that anyone who will buy to my restaurant will see that my business is clean and safety looking from the outside because looks may be deceiving sometimes.
The Prices
When it comes in pricing my products there is always confusion for the people who buy to it and the price of the ingredients in making it. When understanding and making my price I will make sure that everything will be balanced for the profit that I’m supposed to use as a capital. Making prices is not as easy as it looks because you would have to look for the people who will buy it see if they can afford or not.
My Pricing Policy
In terms in my pricing policy I will consider the price that can extend my profit to maximize its potential long run. The aim of my pricing policy is to conduct price that can captivate my profit wisely. And this should also be based in my daily competitors such as other Restaurant’s here.
My Marketing Methods
Advertising my Business
* Posting Banner
* Giving Fliers
* Broadcasting in Radio
Strategies to sell Products
* Giving free samples
Channel Distributions
* Talking Method
What do your customers think of your product?
I will make them think that my product is purely healthy and essentially good for the health because the key of my restaurants business is within health.
The Essay on Price Quotes and Pricing Decisions
This archive file of BUS 640 Week 5 Price Quotes and Pricing Decisions Applied Problems shows the solutions to the following problems: 1. a. Why would your company have bid with a zero mark-up on some past tenders? Business – General Business Price Quotes and Pricing Decisions Applied Problems . Please, complete the following 3 applied problems in a Word or Excel document. Show all your ...
My Key Personnel
The following are most likely my key personnel:
1. Shifts
2. Waiter/waitress
Materials Needed
1. Cooking Table
2. Recipes
3. Cooking wares
