Description Of A Business Model - 915 Words

The business plan: 1. Description of the business model Describing chosen business model, articulate the pros and cons of both company-operated and franchise businesses and explain why I ultimately chose one model over the other. Pros and cons of company-operated and franchise businesses: Model Pros Cons Restaurant Franchisee Franchise Restaurants Have Clarity of Concept Invest in someone else’s entrepreneurial vision The Brand is Established Have to strictly follow Brand and Menu Guidelines Support from the Franchisor Franchise fees often higher Group Purchasing (buy material in huge quantity) Do not need much previous experience to by success Independent Restaurants High creative control High initial responsibilities Lower starting money Need pretty high previous experience to by success Own my own business High failure rate for startups Keep all profit Trial and error marketing Model Pros Cons My business is unique Funding difficulty Quickly change to adapt new situation I choose to open my own restaurant and I am sole owner with limited liability. My restaurant will be a limited liability company. Because of four main reasons: my cousin will lend me his house to open my restaurant with low price (compare to renting market), I have much experience in food business, I do not have much money to afford franchise fee, and I only have limited liability. 2. Description of financing model Show my plan for financing the operation and explain how I decided to balance debt, equity,Show MoreRelatedDescription Of The Business Model3289 Words   |  14 Pages Final Project- MBA620 1. Description of the Business Model Making the decision on whether to go forward with a start-up verses purchasing a franchise can be a difficult one. Many factors have to be considered in order make the best sound decision for that individual. Thankfully, many resources have been established so that research can be found easier. â€Å"There are also many options as far as entrepreneurial ventures are concerned. One of the most common decisions entrepreneurs face is whetherRead MoreDescription Of Targets Business Model Essay1230 Words   |  5 PagesDescription of Targets Business Model Outputs Bedding Electronics Kitchen Goods Home Furnishings Market Segments College Students Newly Weds New Home Owners Parents to Be Marketing Efforts Direct Mail Internet Ads Word of Mouth Text Messaging By obtaining all of Targets subsidiaries, this has created and added a huge value to the company by making Target stand out amongst the crowd with their even larger than ever array and assortment of products that they carry all year round. Target sells productsRead MoreEnterprise Architecture : Architecture Vision772 Words   |  4 PagesProblem Description (Business Principles ,Summary of Principles) 3. Objective 4. Scope 5. Constraints 6. Architecture Vision 7. Architecture Work and Approval 1. Purpose and Project Establishment. The Architecture Vision is the early phase of Enterprise Architecture and provides high lever view of Product. This phase also supports Stakeholder Commutation by providing full architecture definition. This document shows contents of Architecture vision. 2. IDENTIFY BUSINESS GOLSRead MoreISAC Introduction ISAC stands for information systems work and analysis of changes. ISAC is the1100 Words   |  5 Pagesdevelopment process. The ISAC methodology was developed by a research group at the Swedish royal institute of technology and at the University of Stockholm. Systems descriptions are made and used throughout the system development process. The tools used for system description have an important impact on the quality of the description which are produced and hence on the quality of product. An information system is a system that has been developed to create, collect, store, distribute, process andRead MoreWhat Is Feasibility Analysis1559 Words   |  7 PagesWhat Is Feasibility Analysis? †¢Feasibility Analysis –The process of determining whether a business idea is viable. –It is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing. –Feasibility analysis takes the guesswork (to a certain degree) out of a business launch, and provides an entrepreneur with a more secure notion that a business idea is feasible or viable. When To Conduct a Feasibility Analysis †¢Timing of FeasibilityRead MoreAnalysis : Mind Maps And Work Flow Diagrams985 Words   |  4 PagesDiagrams Description Mind Maps or Workflow Diagrams have been produced to provide visual aids to support the stage deliverables and work processes. The Workflow Diagrams are designed to give a stepwise approach to navigation through the Work Processes and consist of sequential blocks of activities and milestones linked in a logical format. This provides a quick and easy reference. 2.4 Level 3- Single Page Description: Each element or deliverable listed in the Project Implementation Model Mind MapsRead MoreHr of Honda816 Words   |  4 Pagesneeds to identify the appropriate goals† and â€Å"formulate and implement a planning process gathered†. A model overview the whole planning process has been developed: Figure 1: Overview of human resource planning process (De Cieri, Kramar) At Honda Vietnam (HVN), the manpower plan is often made twice per year. It is one integral part of business amp; HR strategy. In order to implement the business strategy, they need the skilled workforce. Together with that, the learning amp; development is alsoRead MoreMethods For Defining And Analyzing Key EA Performance Metrics Analysis1105 Words   |  5 PagesCameron, B. H. (2015, February). Methods for Defining and Analyzing Key EA Performance Metrics. Business and Enterprise Architecture, 18(2), 1-22. Retrieved from https://www.cutter.com/sites/default/files/architecture/fulltext/reports/2015/02/index/ear1502.pdf This journal strives to close the gap between EA value and the metrics that will define its value. Within the document, the author defines specific categories, that when clearly defined, help prove the value of the organizations assets.Read MoreApplication Of A Solid Foundation1328 Words   |  6 PagesOnce the proposed project is understood and it is agreed upon that the system requirements will be supported, a solid foundation must be built to support the development of the system. Models and other documentation are used to aid in the visualization and description of the proposed system. Process models are used to identify and document the portion of system requirements that relates to data. Processes are the logical rules that are applied to transform the data into meaningful information. TheRead MoreDecision Making Tools952 Words   |  4 Pagesout in the first phase to analysis the existing system and finding out weather it can adopt to up gradation process on the existing b usiness model, if not then as per organization business requirements the translation or transformation will be carried out to improve business process, specifically on Application Tracking System on the basis of anywhere anytime model through web based application system. Process flow will be identified exactly and incorporated on system. Entity to process, process