TO PLAN A SMALL BUSINESS Essay Example | Topics and Well Written Essays - 3750 words

TO PLAN A SMALL BUSINESS - Essay ExampleIts a time tested detail that every business when it is founded starts on a little note and then grows with time, in order to gain sustainability and maintain competitive advantage in the marketplace. The small businesses are started by identifying and fulfilling the necessitate of the customer while starting with a very small seed capital. In a similar note, to fulfill the needs of the needs of the youngsters, and prompt professionals, who lack the time and property to network and socialize with each other, the concept called 18 Cafe has been developed. 18 Cafe will fulfill the socializing needs of todays youngsters and busy professionals, while providing a cool, soothing and relaxing ambience of the 18th century, but with the technological connectivity of the 21st century. accusation The mission of 18 Cafe is to provide superior line of products at affordable rates without compromising on the product as well as the service quality. The following figure illustrates the expected figures of net gross sales, gross profit as well as net profit for 18 Cafe during the firstly two years of its operations. Figure 1 Expected position during the first two years of operation Objectives The short term objectives of 18 Cafe would be to accomplish sales of ?200,000 in its outlet in the first year and maintain a net profit margin greater than 30% of sales by the end of the year. In the long run, 18 Cafe expects to expand its outlets in UK and subsequently across Africa. Business The globalization of the planet Earth has brought with itself, discordant advantages to the human life. It has moved on from the era of industrialization in the early 70s to an era of digitization which began in the late 80s and finally transformed itself to the era of globalization in the era of late 90s. Peoples lives have increasingly becoming hectic as they try to maintain a descent lifestyle with a descent income. With the rise of middle class fa milies all around the globe along with the printing press of financial crisis on the Euro zone, people around the globe and mostly in the western countries are responding to the pressure on their financial needs by work extra hours or by doing or handling multiple jobs. As a result of this hectic work schedule, social lives of the people are acquire hampered. Man is a social animal and the social networking media like Facebook and Twitter has to some extent helped people in connecting with each other. But, the need for physical space is very much essential in spite of the shortage of time for networking in the peoples life. Keeping the need of todays busy individual in mind, a proper business plan is being built to develop cater to the needs of the human interaction in the palpable world. So the idea in this business plan is to develop a Wi-Fi cafe that will be serving the purpose of human interaction in the real as well as virtual world, while grabbing some quick bite to please their appetites. The proposed name of the cafe is 18 Cafe. The Cafe is mean to be set up with an initial capital of ?100,000, of which the owner would put in 25% and expected to arrange a bank loan for the be 75% capital