easily attracted towards restaurant having good image and goodwill in market

Easily attracted towards restaurant having good image

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easily attracted towards restaurant having good image and goodwill in market thus it is important for entrepreneurs of Delish-on-the-go restaurant to serve quality and delicious foods at an affordable prices in order to maximise the satisfaction level of customers which help them in achieving good reputation and good will in future. It is also important for new business such as Delish-on-the-go restaurant to secure their new and innovative ideas from their rivals through using different tools such as copyrights, trademarks, patent etc. due to which new business can attain its own position in market through provide delicious food of multiple nations that makes them different from their rivals ( Yu, Chen and Nguyen, 2014 ). TASK 2 P3: Formulation of credible proposal to launch a new venture The individuals can become a good entrepreneurs when they have sufficient skills and capabilities to make an effective decisions and plans for the betterment of new venture. For this, conducting survey or research about taste and preferences of customers helps in formulation of
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better policies and plans so as to attract and influence the interest and buying behaviour of large number of customers ( Hulbert Gilmore and Carson, 2013 ). Further plan shall required to be made by Delish-on-the-go restaurant in the following manner: Executive Summary Delish-on-the-go is a new venture which is established with an objective of serving delicious foods of different nations so as to attract customers easily across worldwide. It includes chicken rice, tacos, Som Tam, Masala dosa etc. Company description An entrepreneur has decided to enter into food market through starting a new restaurant where multiple varieties of food items are provided to the customers of London, UK. The main objective of Delish-on-the-go is to earn huge profit and capture large market share of UK. Market analysis Business environment is complex and contingent in nature which consists of internal and external factors. Such factors may either make negative or positive impact on the business operation of restaurant therefore required to conduct SWOT and PESTLE analysis by entrepreneurs in order to analyse such influencing factors and accordingly make further plans and decisions. Financial protection Resources are an important element which supports new venture in achieving growth and success within shorter period of time. Therefore, it must required for Delish-on-the- go restaurant to have sufficient re Sources such as funds due to which they can acquire needed assets in performing business
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functions. Benchmarking Before executing business activities, it is important to set benchmark for the owners and employers in order to bring motivation among them to give more efforts in fulfilling their commitments. It directs the employees to perform as per the standards which helps in increasing satisfaction level of customers.
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