Bus5003 Enterprise And Entrepreneurship Task 1 Business Plan

BUS5003 Enterprise andEntrepreneurship Task 1Business PlanTable of ContentsINTRODUCTION ........................................................................................................................... 3MAIN BODY ................................................................................................................................... 3TASK 1: BUSINESS PLAN ............................................................................................................ 3The New Business Concept/Business Model: ............................................................................ 3Management Teams Entrepreneurial Expertise- ......................................................................... 4Discuss and justify the legal form of business and ownership structure. .................................... 4Market and Competitive Industry Analyses- ............................................................................... 5Marketing Strategy for the new business venture ........................................................................ 7Business Sales and Operations Strategy ...................................................................................... 9Business Financial Strategy and Risks ........................................................................................ 9Closing summary ....................................................................................................................... 11CONCLUSION .............................................................................................................................. 12REFERENCES ................................................................................................................................ 1INTRODUCTIONEntrepreneur is an individual who establish a business and operate in the market by itsown risk. This project aims to create and develop a business plan which will include all theimportant factors which are required to consider before launching any new business or start-up( Santellano, 2021 ). The report will highlight the effective business plan with strategic methodsand approaches.MAIN BODYTASK 1: BUSINESS PLANThe New Business Concept/Business Model: Summary of business modelBlessed beans is new business start up working in coffee industry. Blessed Beans hasrecently launched its first coffee shop in LONDON, United Kingdom. There is no doubt thatCoffee culture today has become huge thing and with growing needs of coffee in the marketblessed beans organization can attract more profitability ( Morris, 2018 ). The Unique prepositionof Blessed