The Promise Company will be nuts and fruit bar located in 7th street in Texas estate. The bar will be located in a medium-sized building to cut costs since I will rent the building. The promise bar will also deliver nuts and fruits to our clients who live nearby at a distance of 100 meters. Most people in Texas love nuts and grains; hence the prize will be affordable for everyone. One fruit and nut will be costing 3 dollars per item. We will also offer services on wholesale for our willing clients.
Expenses in US Dollars
Nuts 20, 000
Fruits 10, 000
Rent 10, 000
Water 5, 000
CEO 60, 000
Total expenses 130,000
The Promise Company will focus on producing quality nuts and fresh fruits to ensure our clients are happy with the services. I have received 50,000 dollars from my grandmother as a gift and borrowed 30,000 dollars from my family to help build my company. The money will, of course, not be enough since I will want to deliver the best for my clients. I will expand my business after a while and will need funds from investors to enable me to pay my employees since I cannot manage on my own. My supplies will be from some local farmers in my village since fresh products from the farm will be the best for my clients.
Research and development
I will need to buy new products for my clients after marketing my company. The funds I will receive from investors to improve my business will enable me to buy vegetables for sale, buy a coffee maker machine to supply coffee, especially in the mornings and evenings. I will try to put up with the competition by having social employees to attract my customers again and offering excellent services for my clients. I will also market my company around Texas 7th street to ensure I have enough customers.
Personnel needs in operations
I plan to have five employees to help offer fast services. I want my customers not to feel like my company has fewer employees; hence the services are slow. I plan to hire four more employees after expanding my company. Two employees will be waitresses answering to the customer’s requests, one employee will be at the accounts section, and all customers will pay for their products there, Two employees will be receiving supplies and making calculations. At the same time, I will be the CEO of the company.
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