A carefully developed Business Plan serves as a blueprint to your success. Without a plan in place, there is no control or guidance charting to the direction of success. When you encounter unexpected events, a well-crafted plan includes alternative steps that will assist in guiding you through course adjustments. A good strategy contains sustainability measures.
· Your business plan will not include a detailed financial data section.
· Please, do not copy a business plan from an existing company.
Your Business Plan must be at least 12 pages and consist of the following:
· Title page – that includes your name, and course number
· Minimum of ten pages
· Reference page
The focus of your Business Plan should identify, describe, and analyze the pursuit of your business opportunity already underway. The plan should examine the business strategy, technical and regulatory issues, economic and financial feasibility. The focus of your plan should be the story of your new enterprise. It should be written from the perspective: “what is your story, and why are you writing this plan?
You may include an Executive Summary which can be the most critical part of your business plan and often is the only one that lenders read, so make it perfect! The executive summary has only one objective: get the investor to read the rest of your business plan.
The primary focus of your plan is to create a road map. The plan furnishes the basis of a strategic plan designed to create a visual journey of the required steps to run your company successfully. Writing a plan that analyzes strategic growth, marketing, sales, manufacturing, website design, licensing requirements, future financial needs, steps to attract investors, etc., dramatically improves the odds of success.
The core focus of your plan is the legal and business relationship with regulatory requirements that must be met in establishing a legally recognized business.
Build your plan on essential information and supporting details (list of actual potential costs), (federal, state, and local legal permits, licenses, other requirements), (list of potential equipment purchases, cost, and use).
As Chief Executive Officer (CEO), you are going to take the lead in preparing the plan to kick start the restaurant operation. Sally has developed the minimum format guidelines to assemble the required information to build the Business Plan. The Name of your restaurant business is Le Séduire which is French for the Allure and will be based out of Florida. This restaurant is also intended to be a high end restaurant that serves exotic meals and attract consumers from all around the world. The restaurant address is 1512 S orange Ave, Orlando, Florida 32803.
· Present and describe the items you will use to address the concerns of your business plan.
· Set the stage for the framework that will become your business plan.
· Type of Business Restaurant Service
· Describe the business, the product or services, location (Florida), and any other facts you want to report.
Pick the appropriate form of business except for a sole proprietorship. (The company form may change depending on future events). See Module on Formation.
· Consider the costs associated with the chosen business form.
· Explain why you have selected this form of business from a tax, company, and personal liability perspective.
· Indicate what the advantages and disadvantages of this legal form.
· Specify types of officers and duties that will be involved in the company’s management.
· Using the business’s location, review all state and federal requirements for starting a business.
· Using any new information or previously provided information, write a brief outline mapping the required steps required to qualify.