Present an idea for a new business idea (coffee shop) in Sydney. The Assignment

Present an idea for a new business idea (coffee shop) in Sydney. The report will take the form of a detailed feasibility study d - Assignment Example Moreover, with the increasing demand for coffee among the people of Australia will assist in better development of this business owing to which this idea can be noted as an effective practice to attain better growth opportunities and generate income in a less risk and sustainable way. What Are Your Objectives For Your Business Over The Next Twelve Months? In its performance during the initial 12 months period, the coffee shop will aim to provide quality coffee and services for the people to have a better recess experience in Australia and thereby strengthen its foothold in the market with due significance towards its mission and vision. Moreover, with greater demand for coffee, the main aim of the coffee shop will be to be recognized as one the best coffee in Sydney in its future endeavors. What Are Your Objectives for Your Business Over the Following Two Years? The coffee shop, intended to be established following this market plan, after developing a better position in the market wi ll aim towards increased profitability as well as towards being reputed as a renowned coffee shop in Sydney over the next two years. ... The coffee shop will provide better quality coffee with enhanced fragrance or aroma and thus create a differentiation within its market sphere. The shop will also be equipped with a friendly atmosphere and staffs so as to give a high quality service to the customers. List All the Products And/ Or Services That You Plan To Provide In The Future In the future, i.e. almost within the next two years, the coffee shop with better positions in the market segment and demand will provide a variety of coffee products to its consumers. The products will include brewed hot and cold coffee products, pancakes with chocolate coffee fillings and ice creams with blended coffee aroma. Who Will Operate The Business? It is worth mentioning in this context that the business of the coffee shop will be based on sole proprietorship. Sole proprietorship signifies that the business will be owned by a single individual who will be entitled for all risks as well as profits resulting from the conduct of the inte grated organizational performances (Linn-Benton Community College, 2013). Who Else Will Be Employed By The Business Immediately? In the initial stage, the coffee shop will employ ten experienced staff, who will be liable to conduct various responsibilities in relation to the business functions and thereby render an effective structure as well as working culture to the company. To be precise, these staff members will be responsible for preparing coffee products and meeting the requirements of the customers to ensure consistent growth in customer satisfaction, which is often regarded as an essential constituent for the long-run sustainability of any new start-up firm. Who Else Will Be Employed By The Business In The Future? In future, with