Wednesday, May 8, 2019

Entrepreneuship-creating a business opportunity(nutrition restaurant) Essay

Entrepreneuship-creating a business opportunity(nutrition restaurant) - Essay ExampleI have eer had an interest in cooking and serving deal. Thus a restaurant was the best idea. Because starting signal the caller-up should also be in consideration. My finances are not enough at the moment and starting up a business would be a good source of income and has an added advantage. It is what I love doing gum olibanum no stress for me while undertaking this activity. The time for starting the company should be perfect so as to make maximum profit from it (Osnabrugge and Robinson 2000). Summertime is a perfect time to open the Chinese nutrition restaurant in London as many people are on holiday. A nutritional restaurant was the best choice as there is non-other on Middlesex Street, London (Hisrich 2011). Many people are trying to live a healthy life, and a Chinese Nutritional Restaurant would be the best choice of business.Prior to the start of any business, it is important to look at t he macro market. The initials PESTEL helps a person decide how best to set up the business. The political, economic, and tender environment determines the success of a company. The orbit should have a healthy political environment (Johnson 2005). The rate of transactions that go on in Middlesex Street makes it a perfect location to set up the business. It is an area that has many economic and social activities, thus guarantee customers (Shane 2000). The kind of business one chooses should have the latest technological advancement in them so as to serve the customers better. The business should also be legal and follow all the presidential terms requirements before going into it. A nutritional restaurant meets all the above specifications and would be a good idea. The street is perfect for the restaurant and would ensure profit for the owner of the restaurant (Stevenson and Jarillo 2007).Four unfavorable factors determine the success of a business, these factors are customer, com petition, company and confederations. One should identify the customers before putting up the business. A

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