Entrepreneurial Leadership Yashiqua Jenkins Prof. Victoria Figiel BUS508 –Contemporary Business Strayer University October 28, 2012 An idea is all it takes to ignite the process to start a business. To find a need of the people for a particular product or service and expand on it in order to make a profit is what many entrepreneurs do to start their company. A perfect example is the formation of Five Guys Burgers and Fries by the Murrell family. Their desire to focus on providing the consumer with quality burgers and fries have led them to be very successful in a short amount of time. This paper will determine how Five Guys’ philosophy sets it apart from other fast-food chains.
* * * 2.2 Methods and Assumptions * * When creating these forecasts I did research on economic conditions and other businesses that are similar to our restaurant model, as well as some of my own personal knowledge of business trends. I started out researching a similar company, CiCi’s Pizza. From their website I gained some insight as to what kind of volume we might expect. From their franchising information I found out that the average volume for one of their restaurants is between 925,000 and 975,000. As a startup business without the marketing and resources that a chain offers I aimed lower initially but looked to build to this range.
In comparison, both restaurants have a play place which is convenient for children especially if they ate too much because they can burn off the calories by playing. Both McDonalds and Burger King have a variety of food suitable menu for most eating lifestyles with limited variety for vegetarians. A vegetarian might enjoy oatmeal, eggs, pancakes, hash browns, parfaits apple pies, salads, fries, and basically any drink. Although the idea of a more vegetarian friendly menu hasn’t come to mind yet, both Burger King and McDonalds constantly try to improve their menu by putting new items on it such as fruit & maple oatmeal. From that, it could be inferred that both restaurants have good service and treat the
• Maintaining workforce expenses below 18% of revenue. • Maintaining sales amid half a million dollars each year (Riebesell, 2001). “The Assemblage” will be different from other restaurants in the area in not just its location but also the services it offers to its customers. The owners plan to propose a special and unique mixture of quality eating experience at affordable costs together with a healthy entertainment and leisure atmosphere. This way the customers will have a pleasant eating experience as well as view their favorite sports games (Riebesell, 2001).
People may really like foods from the big outside name brands because that is what they really “taste” when eating the foods from outside vendors. In accordance to having outside vendors, students would complain less about starving. Imagine if we didn’t have any outside vendors at all serving our lunches, lunch time would be in a calamitous wreck. Students would be paying much more money for lunch. There would not be as much of a variety of food choices for students to choose from.
Chicken is the main product that is served on their menus which many prefer over beef. As far as customer service, Chick-Fil-a’s staff focuses on being swift and attentive. When the chain opens a new restaurant, it goes out its way to find customers in the area. Regualars at other locations and people who stop by the construction site eager about the opening get invited to a special dinner night before the official opening. Unlike Mcdonalds, Chick-fil-a serves the crowd a free dinner,10 coupons for free meals.
Westlake Lanes Discuss Central Issue How board might decide the future of Westlake Lanes Recommended Course of Action The board should support the Kid-Friendly strategy Reasons 1. WestlakeLanes have a great downtown location near neighborhoods and restaurants; they have been around for 30 years and have a strong and loyal customer base. Some of theyare already have families which can help attract more customers. 2. The kid-friendly optionwon’t be a huge invest, no major remodeling or changes have to be done, only a few extra workers need to be hired, the food menu can stay somewhat the same and lower damages.
I want to begin a new business in a little community that I love to be in and also be able to see a stronger bond between my community. The best way to bring a community together is to have them sit down together and have lunch or dinner. Being a responsible individual, I think I will be a successful business owner in opening a restaurant, in such a small town. I am not afraid to try new things and take a leadership roles to a higher level. For instance, in my high school I am involved in many extracurricular activities.
I think that this price is reasonable for the students to pay for a meal deal products at subway which include any sub of their given choice with a drink and a snack. R3: Promotion – any promotion techniques they could use that would be popular with students? I think the meal deal will be most helpful and will attract the students and staff as they will see that they are paying a reasonable price for it. I would also use loyalty cards as well this way the business will get more staffs and students to come to the business and buy their products. R4:
Second you must find a good catering service and send invitations to ever how many people you choose to invite, invite according to your budget because you need to stay in budget with food and stuff.If money is no object go all out, If you have caters They must be able to make good appetizers. With a choice of two main dishes, if your on a budget go more simple, just do burgers and hot dogs.Entertainment has a huge role in a party if your not on a budget go all out. I suggest a Dj but hey if you are on a budget that's fine crank up some of your favorite music, or even play some cool games.Either way if you are on a budget, or a budget is not an option you can still have a great