Business Planning Essay Example | Topics and Well Written Essays - 4750 words

Business Planning - Essay Example This essay explores the aspects are reckoned to be outlining a brief explanation of the business, conducting industry analysis with due consideration to the prevailing competition, identifying appropriate target market as well as framing marketing plan and preparing budget showcasing a quality financial plan. In terms of findings, it is worth mentioning that there is a significant probability of the above-selected business idea to attain success in future in the respective industry, as the consumption rate of juices is identified to increase over the next few years in the UK. From the perspective of financial analysis, a budget of  £10,000 has been duly considered for the newly adapted business idea, which would eventually assist in estimating the actual costs to be incurred and the profits to be gained after offering the respective products and/or services to the customers in the initial years of its operations. Finally, a realistic financial plan has been drawn for the new ventur e, which would aid the business to measure its financial viability efficiently in future. In this present day context, huge variations in the food choices of people living in different regions throughout the globe are becoming increasingly identifiable. This might be owing to the reason that the people living in this contemporary world have become much health conscious to remain fit and live a longer life. Thus, with this concern, in this health-conscious era, the business idea has been taken into consideration, for the production and the distribution of fresh juices obtained from the fresh fruits those are not native to the UK. It can be apparently observed in this similar regard that there lays the presence of several juice bars in varied regions of the nations in the world that serve apple, orange, strawberry and other fruit flavored juices to their respective customers worldwide. However, the least number of ventures in this modern business setting are noted to serve fresh juice s obtained from various tropical fruits that deliver health benefits to the people.