Lebanese Flower Restaurant Business Plan Assignment

Lebanese Flower Restaurant Business Plan - Assignment Example The business plan aims at pointing out the appropriate location of the restaurant, the time that the company will start, the services and products, how it will operate and the legal structures. The plan shows the market strategy of the entrepreneur that comprises price, place, people, the process, promotion, and products. The management plan gets discussed majorly for the costs and benefits for the workers. The financial plan also shows a balance sheet, industry ratios, profit and loss statements and address the risks that are very possible and how to manage them along with various recommendations. Lebanese Flower restaurant will be a sole proprietor ownership in that it may get contented with a limited capital for startup. The owner’s plan on instantaneous restaurant’s growth business is to invest the earnings. The key backbone of the business will be reinvestment after the business startup. The reinvestment process will ensure that the business will have a good incorporation transition in the future. During its first stage, the business will not disperse the owner’s independence. It is in the plan that Lebanese Flower Restaurant will get located near Ottawa city. The restaurant ownership will be the sole proprietorship. In the strategy in marketing, the restaurant will focus on providing natural, healthy, fresh menu to compete effectively in the market with other established hotels. The initial process will get financed through owner’s savings, his family, friends, public offering, commercial banks, and trade credit. Thus, with everything in place, it is recommended that the organization to perform further research and have its knowledge integrated with good timing.