Contents
Executive Summary 2
An Overview of Proposed New Venture 3
Business Form-Ownership 3
Business Activity 3
Products & Services 4
Business Objectives 5
Mission Statement 5
Location and Facilities 5
Market Analysis & Identification of Customers 6
Competitor Analysis 8
Competitive Advantage 9
Market Entry & Growth Strategies 10
Marketing & Promotional Strategies 11
Key Personnel 15
Equipments Required 16
Identification of Risk 17
Managing the risk 18
Timeline 18
Finance Plan 20
Turnover 20
Profit 20
Break-Even 20
Funding Requirement 21
Source of Funds 21
References 24
Bibliography 26
Description
The demand for variety of food and beverages is consistently increasing in all parts of the world. The demand for western foods is on rise in Oman since there is an increased population of expats coming from all over the world (Omanexpo, 2009). Also, the country is encouraging the small and medium sized business owners to start up businesses in various sectors so that the economy of the country is not dependent only on its oil resources. The government has been providing various aides for the new businesses under its development programs by improving infrastructure connecting the different parts of the country well with new transport facilities adopting information technology in all the business sectors. The government is also inviting foreign investments, which will enable them to explore different business sectors and add significant value to their economy. The country is also promoting tourism, which would increase the number of tourists visiting the country.