Business Finance Homework Help

For this assignment you will write the final draft of the proposal. You need to modify the proposal using the scholar-practitioner approach , update the proposal using synthesis. Ensure you cite your sources. Please do not copy from the the proposal . I will check for plagiarism please add citations,references,goals & Objectives,major deliverable,milestone,Major issues and risks.I attached a synthesis power point lecture to help with assignment

Proposal below :

Executive Summary

Catering Capers is intended to offer social services in which people gather and share with each other and also provide work options for the graduates and youths who lack employment (Mattel, 2016). The mission of the company will be to help shape the youths and the poor in the community to be productive by helping them learn and work in the business.

Justification

This project was chosen because it has the capability of increasing food production in the entire community at an affordable price together with providing employment opportunities to the poor in the community. The company also has a potential of reducing youth drug use since it will give employment to most youths who are jobless currently.

Company Overview

This will be a non-profit company intended to serve the Philadelphia market. Different and creative foods will be offered including the traditional once (Hill, 2003). It aims to focus mainly on events such as weddings, governmental functions, summer parties, birthdays and funeral parties. It aims at cutting costs as it will offer foods at prices ensuring that it is affordable to everyone .

Industry Analysis

Over $7 billion is generated yearly in American catering industries through different events, parties and holidays. This kind of industry is known to be competitive with a high number of individual participants who serve few people although some have gotten an opportunity to serve big organisations such as schools (Hill, 2003). Services from such companies are marketable depending on population size, the living standards together with culture and business institutions. Most Americans prefer the catering services in case of cooking home food hence promoting the industry.

Target Market

Our catering services will be within reach of everyone. It is intended for all clients whether poor or wealthy. To ensure the success of the company, the target markets must be identified and written down (Mattel, 2016). This calls for more focus on the social events to ensure that enough money is raised to support the poor and provide jobs as with the set mission.

To cover the events occurring at given places and given times, every stakeholder is needed to be aware and keep track of the events occurring in Philadelphia before they occur so that the potential clients are easily approached. Advertising and marketing will be conducted through the media by the youths employed in the company so as to attract more clients holding different events (Hill, 2003). The social media will make it easier to reach all people who plan to conduct different events (Weinberg, 2008).

Sales and Marketing ways

The main plan is to ensure that the company has a share in the existing market. This will be achieved through a sale team mainly comprising of youths as they are more open minded and can design best ways of marketing the company services.

Apart from social media, direct marketing of the services will also be done which will help in real interaction with the client which helps know the customer’s preferences and the dislikes hence focusing more on the customer satisfaction.Being a non-profit organisation, referrals will help in which all the company associated members will contribute to spread information and good work about the enterprise. This way, they will help to refer their friends and extended families to the company.

Stakeholders Analysis

The company will recognise different stakeholders who will be involved in its activities and the role each of them will play. Such information will be used to address the demands and interests of each of the stakeholders. The following will be the stakeholder in the organisation:

Employees

This type of interested parties will have a common goal which is the career. They are the most significant type of stakeholders since they will be ensuring that there will always be a service in the market. They will also affect the organisational performance through production and marketing of a high-quality service.

Shareholders

These kind os shareholders include the employees, the manager and the directors that own some part of the company. They will make sure that the business is running smoothly from day to day. The customers will contribute to ensuring that the company generates profits through increased consumption

External stakeholders

This kind of interested parties will include people such as the client, the community, the suppliers and the government. They will ensure that the financial performance of the company is high. They will all affect the organisation fulfilment in a different way (Weinberg, 2008).

Equipment and facilities are needed.

There are different types of equipment and facilities required for Catering Capers to start functioning. Some of the equipment that may be necessary include a fridge, a microwave oven, various kinds of utensils, cooker, etc. that will ensure that the day to day operation of the company is successful. Significantly, various types of facilities are required including a functional kitchen, food processing area, an eating area, a selling area, etc. so as the company can start off (Serrador & Pinto, 2015).

Anticipated benefits of the proposed work.

The Catering Capers is expected to be beneficial by providing lowest rates and-and different types of foods including traditional food at an affordable price to all parties whether rich or poor. Significantly, social services will also be available and help graduates who are not employed to secure one (Byron, Kim, & Yoo, 2013.

Anticipated environmental impacts of the proposed work.

Just like any other company, there will be different environmental impacts expected to arise due to this company. Most of the impacts will be as a result of robust and liquid waste generated by the business. Unplanned disposal of the wastes can cause different environmental pollution such as air and water pollution compromising the hygiene of the company (Byoun, Kim, & Yoo, 2013. This problem can be overcome by implementing proper ways to manage the company wastes such as recycling means and appropriate disposal options.

Factors that may affect the Success of the Organization

Different factors have been identified ti impact differently on the completion and functioning of the organisation. These factors are as below:

Resources: different resources are including capital, and other items are required for the implementation and operation of the company. This resources will ensure that the firm’s day to day activities are a success. Therefore, the people in charge of the resources have to ensure proper allocation of them to each activity ensuring that no activity has less or more than it requires (Vivaldo, 2014).

Schedule: this helps the stakeholders know the activities to be carried out during a given period to ensure that the company’s operations are a success. All plans of the company should be scheduled before they are performed (Byoun, Kim, & Yoo, 2013). This way, time wastage will be avoided and each activity carried out will have just enough time for its completion and no unnecessary extras. This will also ensure that proper time is allocated to serve the customer more efficiently and satisfactorily. A work schedule can be represented as follows;

• Schedule during implementation.
• Schedule during

Activity	Earliest start time	Latest start time	Earliest finish time	Latest finish time
Identification of a good company site. Building of facilities: Purchasing of utensils Purchasing of furniture Purchasing of diff. laundry(soap)
Kitchen Eating area Washrooms Processing unit Selling point

Scope: the scope will help give boundaries to the activities that the company will be involved in. This can also help the stakeholders to know when an extra service needs to be incorporated into the already existing ones. The scope also helps in allocation of work to employees based on the available amount of time. The organisation hence has to plan very well to capture and define the works it needs to complete in a set time.

Budget: This is a critical factor because, without it, the organisation will fall short in offering its services. Having a budget will enable the organisation to allocate just enough funds to each activity it is involved in. It will also prevent spending money on unnecessary of extra services that are not budgeted for . One can easily implement a budget as follows:

Equipment	Quantity	Unit cost	Quantity needed	Total cost
Building materials Utensils Laundry Furniture Starting food materials

Customers: without customers, there will be no company. Customers are the immediate consumers of the products resulting from the enterprise therefore before a company starts its operation, potential clients should be identified (Serrador & Pinto, 2015). This will ensure a good market for the company products.

Communications: proper communication channels are required among all stakeholders. They should choose one common way that will be used to pass information from one person to another. This will ensure reduced conflicts among them. It is through communication that the services can also be rendered. Communication employed for the company should have one common language that would be used by all stakeholders and should be easy to understand for the customers.

Training: training should be provided especially to new employees to ensure that they acquire the general knowledge and skills as required by the organisation. That way, they can be effective and efficient in their work and work to their best abilities to offer the best to the organisation.

Conclusion

Survival of human beings entirely depends on the foods one consumes on a daily basis. At the same time, food brings a family together with others as they sit down around a table to share some dinner or lunch or a drink. Therefore, the company’s services will afford different people the luxury of meeting and share ideas among themselves. The Catering Capers will, therefore, be much delighted to ensure that its customers are served to their satisfaction.