Getting the feel of creating a business plan Textbook Problem 2.2Please answer the following mock questions for a Fine Dining Steakhouse and Bar restaurant located in a large city: ANSWERS MUST BE CREATED AND MADE UP NO INCORRECT ANSWERS! MUST BE DETAILED RESPONSES 1. Company goalsSpecify your long- and short-term goals as well as any milestones or benchmarks you will use to measure your progress. For instance, if one of your goals is to open a second location, milestones might include reaching a specific sales volume or signing contracts with a certain number of clients in the new market. 2. Target marketHere, briefly explain who your target customers are. 3. IndustryDescribe your industry and what makes your business competitive: Is the industry growing, mature or stable? What is the industry outlook long-term and short-term? How will your business take advantage of projected industry changes and trends? What might happen to your competitors and how will your business successfully compete?

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Asked Nov 15, 2019
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Getting the feel of creating a business plan Textbook Problem 2.2

Please answer the following mock questions for a Fine Dining Steakhouse and Bar restaurant located in a large city: 

ANSWERS MUST BE CREATED AND MADE UP NO INCORRECT ANSWERS! MUST BE DETAILED RESPONSES 

1. Company goals

Specify your long- and short-term goals as well as any milestones or benchmarks you will use to measure your progress. For instance, if one of your goals is to open a second location, milestones might include reaching a specific sales volume or signing contracts with a certain number of clients in the new market.

 

2. Target market

Here, briefly explain who your target customers are.

 

3. Industry

Describe your industry and what makes your business competitive: Is the industry growing, mature or stable? What is the industry outlook long-term and short-term? How will your business take advantage of projected industry changes and trends? What might happen to your competitors and how will your business successfully compete?

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Expert Answer

Step 1

Thank you for the question.We are entitled to solve one question at a time.Please upload other question one at a time to get the required help.

 

Step 2

I am going to open ABC Co. for the same, located in a dream city Durgapur, West Bengal in India.

I will cite the reasons for which I have chosen this industry. The distance between Durgapur and Kolkata (capital of West Bengal) is around 200 km. The entire route is covered by six lanes bifurcated into 3/3 lanes. Most important thing is that when the public come from Kolkata to Durgapur they can be able to enter into this big restaurant with attached bar along with families. But such type of restaurant is not available from Durgapur to Kolkata.

Step 3

The following points are being concluded:

  1. At first I have decided that the restaurant should be opened for all, family should not be deprived of.
  2. Steak house: The main attraction of the people of West Bengal and other country is steak, which is very much interesting and innovative for this area. Here are some laws and rules for the animals. The people here can only be approved wit...

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