Student’s Name
Professor
Course
Date
Business Plan
Area of the Research
I am going to create a business plan to open a restaurant
Rationale
My focus on creating a business plan is attributed to my prior experience working in a restaurant. Previously, I worked in my aunt’s restaurant as a waiter. My major responsibilities were to present the menu to customers, make suggestions regarding available food and drinks, take the orders of customers, and deliver food to customers. Whenever the accountant was not available, I would fill his role by receiving and giving cash and maintaining accurate financial records. My other duties in the restaurant included ensuring the restaurant is clean and safe, looking for ways to increase table returns and ensuring the guests feel welcome and important in the restaurant.
I have always had a passion for the restaurant business and that is why I have chosen to create this particular business plan. Growing up, I have increasingly developed an interest in hospitality with my focus being restaurants. I like the restaurant business due to its competitive nature and demand. People will always demand food because it is a basic necessity and, therefore, a restaurant will always thrive as long as it offers quality food and services. I also enjoy cooking for people and them enjoying my sumptuous meals. It not only gives me pride but I also get an opportunity to practise my cooking skills. I also like restaurants because I get to socialise with people of different origins and become my boss. Importantly, I have always felt that owning a restaurant would give me happiness each day because I would be doing something I love.
Professional Goals and Objectives
The professional goals to be achieved include:
Develop the ability to research and analyse the individual components required to create a 3-year business plan
Use accounting terms to describe the future of a business
Describe planning, sales and marketing strategies useful for the next 3 years
Apply skills to create a 3-year business plan for different audiences such as banks, investors and other stakeholders.
