1. Present TWO photographs of the business (May be interior/exterior). (2 mark)
2. What are the names of the business and its owner(s). (2 marks)
Name of the business: Crate Cafe Paramatta
Name of the owner: Robert Kim
3. Define the term entrepreneur. (2 marks)
An entrepeneur is someone who starts a brand new business, with a considerable amount of financial risk and initiative
4. Outline the history of the business. (2 marks)
The original cafe first opened in 2014, but the owner wanted to sell it in July 2016. Robert decided to buy the business and his first meeting with the previous owner was in December 2016. The meeting went well and he was able to buy the business in February 2017. It took the following six weeks to dedign the cafe’s
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Identify the location of the business and discuss the importance of location to a small business operating in a competitive market. (4 marks)
Crate cafe is located in a lobby within a popular area (Parramatta), where lots of people walk past. Location is important to a small business as the business can have a better chance of being exposed to the public and could make it easier to advertise their products.
9. Describe the demographic and geographic segments the business targets. (4 marks)
Crate Cafe targets people that are trying to live a healthy lifestyle as the business is located next to a gym, so many people that visit that gym also walk pass the cafe.
Crate Cafe also targets local and office people because they could be looking for a place to eat lunch/breakfast at, so the cafe is great for them as it sells good, cheap food.
10. Identify two main competitors of the business and describe TWO ways the business gains a competitive advantage over its competition. (6 marks)
Cafe
Crate Cafe offers customers special deals that will give them more food for less money
Opening times are longer so that while other cafes are closing down, The Crate Cafe is still open, selling their products
Food
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Describe TWO sources of finance available to the business (look at both internal and external sources) and outline how the business uses such funds in their business operations. (6 marks)
Personal investment - Funds from personal finance was used to buy decorations and furniture for the interior and exterior of Crate cafe
Bank Loans - Funds from bank loans was used to purchase appliances and stock and pay for insurance
13. Describe THREE laws that may affect this business (6 marks)
Standard 3.2.2 - Food Safety Practices and General Requirements, clause 3 states that the owners need to make sure that every worker that handles food in their business, and the people who supervise this work, have the knowledge they need to handle food safely
The Food Standards Code requires Cafe’s and restaurants to be regularly inspected by local council officers. The cafe/restaurant is checked for the physical condition of the facility, process for food handling and the food safety skills and knowledge of food handlers.
All food businesses must be designed and built in accordance to Food Standards Code 3.2.3 – Food Premises and Equipment. This means things like building adequate room for food storage and having hands free washing
An entrepreneur is someone who recognizes an opening in the market for a product or service and carries it out using initiative. Usually being innovators; entrepreneurs are risk takers in means of not knowing whether their ideas will in fact succeed (Business Dictionary, 2016). Fashion leaders are considered entrepreneurs because to be strong in the fashion industry one must attempt to stay ahead of competitors and know what is already out there as would an entrepreneur. One of Australia’s most successful fashion designers could also be considered an entrepreneur; Collette Dinnigan is an award winning fashion designer who has exhibited in London and Paris and was the first Australian to launch a ‘ready-to-wear’ collection, as well as being
All premises dealing with food registered with the council are inspected on a priority basis according to risk. New premises should register with the council so that an initial visit can be set up and carried out, this will allow them to give advice about complying with the rules set out by the Food Safety Act. All individual working with food and dealing with food should undergo food hygiene training to ensure that they are complying with the Food Safety Act.
Hours of operation will be set at 10-6 to match with customer’s eating schedules. Customers will benefit greatly from our products due to it being a healthy choice. Our financial situation will be assessed by a hired
The new product is within the acceptable social norms because it involves food and space for pets. Operations in the new department will be conducted with high regard for people and the environment. The company will also comply with all state laws and regulations concerning this new trade. The restaurant’s code of ethics will apply to the new product and service.
This plan would be the ideal choice as we would be able to receive additional revenue due to the three new additions to our restaurants. Research has proven that customers who drink coffee prefer to have donuts with it above any other food. In addition, the most popular time to drink coffee is from 6:00 to 9:00 AM and from 11:00 PM to 1:00 AM. Plan one provides the opportunity for customers to have both of these necessities. Despite having to renovate all of their stores, which could decrease profit at times, plan one will still increase profit in the long
The main purpose of this report is to provide insight into the regulatory compliance for starting a restaurant in Australia. This report will deal with what building regulations must be followed when starting a restaurant to what food safety and hygiene regulations which must be adhered to. This report will also look at the liquor licensing laws and laws regarding workplace safety regulations and also will look at the government regulations such as registering with the tax office to get the ABN (Australian Business Number) and also with compliance of food safety and hygiene regulations with the Australia Newzealand food standard code. Finally this report will look at the penalties that will apply for noncompliance and also
Entrepreneurs create systems, contingency plans, they develop others, and (probably most noteworthy) entrepreneurs consider exit planning. The actual meaning of entrepreneur? It stems from Old French, "to undertake enterprise". What's enterprise?
Drip Cafe: A Diamond in the Rough Neslted between a dry cleaners and a store dedicated to windows and doors, Drip Cafe hardly seems to stand out with its dull colors, small size, and conforming red sign. However, appearances can be deceiving. More than the average Starbucks, Drip Cafe offers a variety of treats, meals, and beverages to curious and fortunate customers. Fresh, local, and sustainable, Drip Cafe was created with the intention of bringing together a community through food. Despite its subpar service, Drip Cafe entices customers to return again and again with their fresh food, affordable prices, and atmosphere of camaraderie and relaxation.
In May 2017, the Office of the Ombudsman found that the factory canteens were illegal hospitality to the public and breach of the lease. The situation is very common. The Office of the Ombudsman considers that the Government has not fully reviewed the factory canteen license policy. The system has loopholes and has not been clogged. The factory canteens are breach to sell the food for the public. The Food and Environmental Hygiene Department and the Lands Department do not have strict scrutiny when approving applications. The Office of the Ombudsman recommends that the Lands Department and the Food and Environmental Hygiene Department establish an effective mechanism for regulating the co-ordination and mutual referral of factory canteens and
The manager of business has to show information for explaining to owner and stakeholder with about the way to develop and earn profits into the business. Observation of market share is the most important to be the best new coffee café in the area.
An entrepreneur is an individual that organizes and operates a business or businesses, taking a greater financial risk to do so. They bring innovative products or services to the marketing world. They start a business on their own agenda and usually spend plenty of money supporting their company. Many entrepreneurs have characteristics of being confident, drive, and responsible.
An entrepreneur is someone that starts up their own business. Mark Zuckerburg became an entrepeneur because of his social networking site called Fackbook. It all started in his college dorm in 2004 at Harvard University. He made a website called Facesmash for Harvard students only. This site let you vote on which two students from Harvard were “Hot or Not”. Then he started making “TheFacebook”, which was the name of facebook when it started.Soon he soon changed it to just “Facebook”. A man named Peter Theil was the first to invest in the company for 10.2% of the company. Zuckerburg branched out to more private schools, then next thing you know the site was all over the U.S. They made their money by letting ads be on the site. The companies pay facebook to put ads on the site, then Facebook makes money. The company went public in 2012 to the stocks. This was big. They would make even more money. It was risky, but Zuckerburg did it.
Seniors usually gather in the mornings and leave at 11 am before the noon rush so that’ll give an opportunity to set up special nights during after-school hours’ design to encourage children and parents to visit the restaurant. She can offer discounted meals and children activities to keep the children involved and parents interested. This strategy will bring entire families to gather and certainly increase revenue overall.
An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.
Sufficient space, cleaned and sanitised work surfaces, equipment and utensils shall be provided for preparing foods to ...