Business Planning – Dinoburger Essay Example

the business

The principal advantage of a sleeping partner is that one partner can possess all the necessary expertise for the business, while the sleeping partner solely contributes the required finances for business establishment or expansion.

The necessary skills for this particular business involve assembling a competent team of restaurant staff, each specializing in their respective areas of expertise. This includes proficient shop workers, accomplished kitchen chefs, and service waiters who excel at fulfilling customer requests and maintaining cleanliness. Skilled workers will receive higher wages compared to unskilled workers.

The most crucial resource needed for the business venture is finance. Without it, the venture cannot start. Finance is necessary to buy essential equipment for manufacturing goods and to hire and maintain the workforce. It is also needed to sustain the business premises. Underestimating the amount of money required to establish the business would result in Dinoburger being undercapitalised, which would pose problems for future expansion.

Dinoburger needs a certificate to operate legally. This certificate confirms the safety and non-hazardous nature of Dinoburger's food products. Additionally, it verifies that the food is prepared in clean and healthy environments.

The local business competition greatly impacts the business environment. Having sufficient car parking is a crucial provision that motivates customers to choose the business. Moreover, local traffic conditions also influence the business environment, as specific roads offer more convenient access to the business location.

There are no specific restrictions on the premises provided by the local authority, and I will continue to pay rent

for my beloved aunts. However, if any changes are made to the premises to benefit the business, obtaining planning permission may be required.

My primary objectives include effectively managing the business, guaranteeing its triumph, and maximizing profits. Additionally, I strive to steadily advance and attain break-even within the initial years.

My objective is to generate enough profit in the next five years to invest a substantial amount into the business. Furthermore, within the subsequent decade, I aim to expand by opening additional branches and increasing our workforce.

Dinoburger aims to surpass its competitors in several ways. The company is determined to attract customers from its top rivals by providing exceptional value for money. Moreover, their offerings will feature superior quality and presentation compared to their competitors. In terms of safety, Dinoburger utilizes advanced technology to ensure a secure work environment for its employees. Additionally, the restaurant prioritizes hygiene, creating a more comfortable dining experience for customers.