We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Present the Initial Business Idea Using Relevant Criteria Essay Sample

essay
The whole doc is available only for registered users OPEN DOC
  • Pages:
  • Word count: 368
  • Category: customer

A limited time offer!

Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Present the Initial Business Idea Using Relevant Criteria Essay Sample

My business The Coffee Hut is going to be a small privately owned business by one person; a sole trader. Within the first 3 months of the business opening we aim to have turned a profit. Our main objective is to become a successful business; we want to offer our customers products for low cost effective prices. We will offer a variety of hot and cold drinks as well as freshly made sandwiches, salads, soups and etc. Customers will receive exceptional customer service and we will welcome and encourage feedback and suggestions from our customers. Our unique selling point will be that we will also offer a takeaway service with our food. Customers will be able to order our food via telephone and have it delivered to them. SWOT analysis

Strengths;
•New, fresh and different ideas to challenge competitors and appeal to customers. •Experienced staff dedicated to providing excellent customer service. Customers will appreciate having staff that care about them and know what they are doing. It will also benefit the company as they will save money when it comes to training employees •Fresh and high quality ingredients.

Weaknesses;
•As it is a new business we will not have an established customer base and initially it could be difficult building up the customer base. •I have no prior business experience so mistakes could easily be made and everything will be done via trial and error as I will not know for definite what are successful decisions to make and what should be avoided. •There are a lot of similar businesses in the area which already have a good and established customer base; it could be difficult to compete with this. Opportunities;

•The business will have the opportunity to expand in a variety of ways such as catering for parties/events and property expansion; opening more shops in different areas which will also expand the customer base. Threats;

•The biggest threat the business will face is competitors especially as I am a new business owner and inexperienced. Customers will already be familiar with the similar businesses in the area and it could be difficult especially in the beginning to get customers and to turn a profit.

We can write a custom essay

According to Your Specific Requirements

Order an essay
Get Access To The Full Essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member