Entrepreneurial Action Coursework Example | Topics and Well Written Essays - 2750 words

Entrepreneurial Action - Coursework ExampleFuture Plans 10 14. Funding request 10 15. Exit strategies 10 Executive Summary pilot Pasta eatery is a pasta restaurant located on Holloway Road 7N. The business is owned by quaternity partners that contributed equally to fund the business. Our aim is to grow the business seeing profits in the first socio-economic class and build recognition and awareness of the business. Ultimately we plan to expand into other markets. Competition is mainly from closely food eateries i.e. McDonalds and a new business that allow compete directly with us. Business Idea fancy Solo Pasta eating house pass on deal out a variety of pasta, sauces, vegetables and meat. Our service will be unique in that the customers can design his pasta bowl with whatever they want on the pasta. It will seat forty (40) patrons and employ four (4) employees. The planned target market would be first students, because of the emplacement and working adults, as these are th e two groups of people that eat out the most. Solo Pasta will cranny a twenty percent (20%) discount to college students. Solo Pasta will employ adroit workers that can provide for fast friendly service and produce quality foods. In addition to the pasta dishes, Solo Pasta will offer hot drinks and breakfast baguettes. Mission Solo Pasta Restaurants mission is to provide quality products with fast friendly service. ... Objectives Solo Pastas objective is to breakeven or convey a profit in the first year of operations. We also want to gain 30% of the targeted markets by the end of the first year of operations. SWOT Analysis Strengths Solo Pasta was first to open at its location and it has already began to develop a loyal clientele. many a(prenominal) of the same customers stop in for coffee tree or tea and breakfast baguettes day after day, and the same is true of our lunch and dinner clientele. Many of our customers have taken advantage of our promotions of free coffee and twen ty percent (20%) student discounts. Financially Solo Pasta is exceeding the breakeven point on a daily basis as of the second calendar month of operation. Furthermore we offer a unique product and service by allow customers to design the limit of their pasta bowls. Solo pasta has above average quality of product and excels in customer service. to boot our location is a benefit as we are in the heart of north campus and close to the resistance on Holloway Road. Weaknesses Solo Pasta utilizes no outside funding. This limits the amount that can be spent on advertising. Solo Pasta has a limited flesh of seating capacity. Presently, Solo Pasta does not offer a carry out service. Opportunities Solo Pasta could seek out investors to increase the amount of bills available for advertising. Solo Pasta could develop a carry out service to increase number of daily customers they could serve. Solo Pasta could run additional promotions to increase sales. Solo Pasta could advertise on local or collegiate television and radio stations. Threats Solo Pasta face a panic from the new restaurant that just opened. The threats posed by the new restaurant, unlike other eateries on Holloway, serve