Post on 22-Dec-2015
My Business Plan: My Business Plan: Thai foodThai food
My name: La Xiong.My name: La Xiong.
Type of businessType of business
► I want to make a I want to make a small restaurant.small restaurant.
► I want to make a I want to make a Thai food.Thai food.
Product or ServiceProduct or Service
► I will sell Thai food and teaching I will sell Thai food and teaching cooking.cooking.
Hours of OperationHours of Operation
► I will be open.I will be open.►Monday-SundayMonday-Sunday► 9:00am-10:pm.9:00am-10:pm.
Why this business?Why this business?
► I like the business because I like I like the business because I like cooking.cooking.
LocationLocation
►Where: I will locate in St. Paul at many Where: I will locate in St. Paul at many people.people.
►Own/Lease: I will lease.Own/Lease: I will lease.►Description: I will need small building.Description: I will need small building.►Neighborhood: I want to be in the busy Neighborhood: I want to be in the busy
neighborhood.neighborhood.►Why this location: I like location Why this location: I like location
because near my home.because near my home.
The IndustryThe Industry
►Description: My business is in the St. Description: My business is in the St. Paul.Paul.
►Future projections: Restaurant Future projections: Restaurant managers percent growth7% average managers percent growth7% average read more about outlook.read more about outlook.
The MarketThe Market
► Customers: I think Customers: I think Hmong people will Hmong people will use my business.use my business.
CompetitionCompetition
►What/Who: My What/Who: My competition is other competition is other Asian restaurant.Asian restaurant.
► Evaluation: I think Evaluation: I think the competition well the competition well be no problem.be no problem.
StrategiesStrategies
►Why customers will choose my Why customers will choose my business: People will choose my business: People will choose my business because have the good food.business because have the good food.
AdvertisingAdvertising
►How customers will How customers will learn about my learn about my business: People business: People will learn about my will learn about my business from side, business from side, my family, and my my family, and my business.business.
ManagementManagement
►Manager: My sister will manager.Manager: My sister will manager.►Experience: I have experience 2 years Experience: I have experience 2 years
cooking.cooking.
►Responsibilities: The manager will be Responsibilities: The manager will be in charge of training, money, buying, in charge of training, money, buying, and hiring.and hiring.
PersonnelPersonnel
►Number of employees: People working Number of employees: People working 3-5.3-5.
►Search: Talk to family and friend.Search: Talk to family and friend.
FinancialsFinancials
►Needs: I need rent Needs: I need rent 10,000/mo.10,000/mo.
► I need salaries. I need salaries.
► Fund sources: I Fund sources: I have $5,000 in my have $5,000 in my savings.savings.
The EndThe End