The entrepreneurial opportunities that I am most interested in are;
1. Restaurant/Hotel
2. Bar/Nightclub
3. Medical and Health Care
4. Manufacturing
5. Construction and Engineering
6. Wholesale and Distribution
I will be starting my business from scratch. I will also have one partner for assistance. I will be providing goods and services. My business will be a public limited company (LLC). According to Abrams, LLC protects personal assets against most business losses. No double taxation and relatively simple, inexpensive to establish and maintain. (Abrams, 2012 pp. 378). With my business being a limited liability company (LLC), the shares of this type of company can be advertised and sold in the stock exchange market to raise more funds for …show more content…
Ours manager’s ability and willingness to create goodwill among customers will be our greatest competitive edge. More importantly, our quality, fresh products at the lowest possible prices which will be unbeatable. Lastly, we will offer the most delicious and mouthwatering seafood imagined in this market.
Size of opportunity:
Being food is the basic requirement for survival and being that we will be dealing with food; we are destined for massive returns. The restaurant industry is always growing due to the constantly increasing population. This is no chance of lack of customers since even presently people are longing for executive service in this sector.
Potential growth and plans for future development:
Prudent management of the returns of Cherohala Gourmet Seafood Restaurant & Resort will provide an opportunity to accumulate saving and expand our services and products range in this restaurant. The number of staff will then be increased to expand the number of customers for more …show more content…
Suppliers: My suppliers will be the local farmers and responsibly managed fish farms and marine fisheries located in Florida.
Financials:
Our income statement will include the following elements; company net income, owners’ investment, and owners’ withdrawals of business assets. Our balance sheet elements include; company assets, liabilities, and owners’ equity.
Funding, this round, how many future rounds, how much requesting in the rounds and how the funds will be used: We have estimated to invest $250,000. We expect to earn 55-85% more in value in the next 8-12 months in the first round. The next round we would like to find investors to invest more than $1 million in order to expand the business within the current location. I believe that there will be investment opportunities for investors once my business sis up and running and making a profit. I feel that the investors will believe in our strategies when they see out initial target completion. We will be offering to share profit with our investors as to the amount they would be willing to invest and profit will then be divided amongst
1. Restaurant/Hotel
2. Bar/Nightclub
3. Medical and Health Care
4. Manufacturing
5. Construction and Engineering
6. Wholesale and Distribution
I will be starting my business from scratch. I will also have one partner for assistance. I will be providing goods and services. My business will be a public limited company (LLC). According to Abrams, LLC protects personal assets against most business losses. No double taxation and relatively simple, inexpensive to establish and maintain. (Abrams, 2012 pp. 378). With my business being a limited liability company (LLC), the shares of this type of company can be advertised and sold in the stock exchange market to raise more funds for …show more content…
Ours manager’s ability and willingness to create goodwill among customers will be our greatest competitive edge. More importantly, our quality, fresh products at the lowest possible prices which will be unbeatable. Lastly, we will offer the most delicious and mouthwatering seafood imagined in this market.
Size of opportunity:
Being food is the basic requirement for survival and being that we will be dealing with food; we are destined for massive returns. The restaurant industry is always growing due to the constantly increasing population. This is no chance of lack of customers since even presently people are longing for executive service in this sector.
Potential growth and plans for future development:
Prudent management of the returns of Cherohala Gourmet Seafood Restaurant & Resort will provide an opportunity to accumulate saving and expand our services and products range in this restaurant. The number of staff will then be increased to expand the number of customers for more …show more content…
Suppliers: My suppliers will be the local farmers and responsibly managed fish farms and marine fisheries located in Florida.
Financials:
Our income statement will include the following elements; company net income, owners’ investment, and owners’ withdrawals of business assets. Our balance sheet elements include; company assets, liabilities, and owners’ equity.
Funding, this round, how many future rounds, how much requesting in the rounds and how the funds will be used: We have estimated to invest $250,000. We expect to earn 55-85% more in value in the next 8-12 months in the first round. The next round we would like to find investors to invest more than $1 million in order to expand the business within the current location. I believe that there will be investment opportunities for investors once my business sis up and running and making a profit. I feel that the investors will believe in our strategies when they see out initial target completion. We will be offering to share profit with our investors as to the amount they would be willing to invest and profit will then be divided amongst