APA RESEARCH PAPER

Entrepreneurship - Coffee Cart

Entrepreneurship - Coffee Cart

Introduction

In order to succeed as an Entrepreneur after completing the stages of student life, one would have to be aware of the management principles in business and how they can be adjusted to fit your own business. As a student entrepreneur, or even one who is opting to open a business after their education, it would be important to set goals and have a good initial business plan ready to entice lenders to invest in your business. In this paper, I will be forming a plan for my own business to convince investors to be interested in the future of it. I will be doing this through a Coffee Cart business.

Discussion

Starting a business straight out of school is undoubtedly a daunting task, but can lead to sure success if the entrepreneur follows three particular steps. They must realize the importance a schedule can have over initial business processes, thus set particular time limits on what they need to do to get ahead. They must also have an organizational plan that is fool proof and does not stray from the path, and finally, perseverance needs to be a major personality trait of the business mind behind the entrepreneurship. In order to have my own business, I would opt for a coffee cart that offers a premium cup of coffee in outdoor settings with a quick service and easy availability. I believe there is a large segment of the coffee business that would like their coffee on the go with a drive-thru service rather than an outlet with a barista and so on.

The mission of my organization would be to provide premium products with an efficient and effective system at bargain prices, with the utilization of a drive-thru structure and access to grow further through changing locations on a daily basis. As the size as well as the structure of the company will be compact, it would be easier to offer faster services and bear lower overhead expenses. The prices will also be a lot more competitive and allow for expedited service, which thus makes for loyal and dedicated customers who will stay for long term service. The business will have a variety of side offers such as seasonal coffees or a menu for baked goods to go with the coffee and so on. It The business set up would be placed in a geographic area where there aren't similar products available, so that a varied demographic would be attracted to my business.

Marketing and management philosophies have been helping organizations create strategies and plans which have been tested in theory and hence are applicable on real life situations. These management philosophies can only be defined as a set of ideas that make up the best management practices, and can thus be standardized for others. Although these standard practices cannot cater to every organization out there, they have a true enough effect if the theory is ...