Feasibility I Assignment Example | Topics and Well Written Essays - 1250 words

Feasibility I - Assignment Example Venture concept refers to a start-up entity built with the intention of benefiting financially. A business endeavor may also be deemed a small business. Numerous ventures will be advanced by one or more groups or individuals with the anticipation of the business raising a financial benefit for all sponsors. Most business ideas are generated on an insufficient supply in the market or the market demand. If the new venture is accepted by entrepreneurs or investors the growth of the new proposal will start and all supporting players will help expand and market the new venture to gain financially. The Food retail industry, for instance, particularly bake products has continued to develop into consumer demand. Rolls, fresh bread, cakes, and pastries are products customers seek on a daily basis. The new venture notion of Innovative bakery services and goods consumer is what Sweet Berry Company seeks about to establish. Introducing New Business Proposal –Sweet Berry Company The company makes customized pastries. What this means is that the clients log onto our website choose the product, for example, a cake then choose the ingredients that they want to be used to make a cake. The advantages of this are numerous as we can specify needs such as health or medical concerns for the clients. For example, clients who are lactose intolerant can place an order where the cake is made without the use of dairy products. This is where a business owner takes into consideration factors such as labor, location, suppliers, transportation amongst other factors (EPA, 2008). Investors are usually able to gauge a good business plan from the information contained in the technical feasibility. It is used to asses costs, long-term planning and troubleshooting. For our particular model of business, we have no competitors for this particular brand locally. The model that we have taken is from companies such as Indulge bakery in Colorado and sweet themes