Analyze the strengths and weaknesses of the business plan

Analyze the strengths and weaknesses of the business plan

Strengths and weaknesses of the “people” factor

To determine a business plan's strengths, begin by assessing at the people who work there. Analyze the capabilities, skills, knowledge and the impact the people have on others both outside and inside of the company.

In this business plan the strengths of the people factor include the positive characteristics of the people involved in the business, incorporating their education, background, knowledge credentials, reputations or the skills they are utilizing. The people in Room for Dessert are highly motivated as they are performing well enough under a corporate leadership. RFD has placed more emphasis on development as it will create a competitive advantage by permitting the business and the company to draw and retain the people of highest caliber.

Another strength for the Room for Dessert business plan is that they are providing all the servers to complete a comprehensive training program and will be inspired to follow pertinent professional designations.

It is analyzed in this business plan that there are no weaknesses regarding the people factor as training program has been implemented to raise the people of the business to a level that transforms the people into business's strength.

Strengths and weaknesses of the “opportunity” factor

Opportunities are referred as external factors that signify the motivation for the business to subsist and prosper within the market.

It has been evaluated that the founders of RFD are passionate about the food industry, educated by HBS (Harvard Business School) they are also experienced with the service operations. This combination of professional management and restaurant knowledge has the ability to create a team well positioned who can avail this opportunity to establish a successful business in the market place.

Like other restaurants that run their business concentrating on evenings and weekends mostly. The business plan of RFD will also focus on the same technique but in addition, RFD also wants to avail the opportunity to see a strong late night business as most traditional eating places close their kitchen. The product offerings of RFD create an opportunity, though, to use the restaurant throughout the entire day, rather than just at the normal routine business hours of the restaurants.

The business plan of RFD would be favorable because the industry of dessert restaurant presents sufficient opportunity for an expensive and trendy dessert restaurant to ...