Type of paper: Business Plan

Topic: Business, Bakery, Products, Employee, Workplace, Strategy, Technology, Time

Pages: 2

Words: 550

Published: 2021/02/12

How to face threat of new entry threat

However, threat of new entry is high in this business; we will keep our competitive edge with the passage of time with our hard work in our business. With more research, there is a great margin for growth and development in the products. Recently we are providing only few product items but with time, we will increase our product list. We will keep the quality of the products high so that we can make our loyal customers. We can also maintain the competitive edge with our pricing strategy. Once our business is maintained we can use some low cost strategies.
There is always a threat of a new business in the food industry and there will be proper strategy to face this challenge. With the growing business, we will change our strategy to other strategies for a growing business.

Risk level associated with our business

Every new business has some risks and for the success of every business, it is very necessary that we will keep our business flourishing and the key feature of any restaurant or bakery business is quality level. We have to train pour employees in such a way that they never ever compromise on quality level. With the passage of time, prices of many items are increasing and we have to maintain such price level so that many people can easily afford.
Kuwait culture support the business of food industry as people are food lover there and at the same time they are diet conscious.kuwait is a place with new emerging business. Many foreign investors are willing to invest in the business society of Kuwait.
Importance of resources
Resources such as employees, technology, and teamwork have key importance in any business. For the success of every new business, it is very necessary that all the employees should be much trained in their profession.
This is new age of technology modification. Every new day comes with innovation in technology. For every new business, many technologies will help to flourish in industry. Social media and online marketing is such a tool that will help in advertisement of our bakery. In our business, we can also use online technology for order taking. Through our online service, people can easily contact with us and we will give our entire product list on internet so that people can easily know about products.
Teamwork can make any business flourish very easily. For a firm those employees are very important asset that have ability to work in team. When work is done in a team then the output is outstanding. In our business, we also have the employees that are hardworking and talented. In our business, our employees are well trained and very professional. In our bakery, cleanliness and taste with good quality have given much importance to maintain our competitive edge.
Difference between our business and Firin bakery
The key difference between the Firin Bakery and the GF Craft is of the products offered. Firin is a bakery and provides only the Gluten free bakery items. However, the operational scope of the GF Craft is not limited to the gluten free bakery only. It is a restaurant with entirely different menu than Firin. The products of the Firin bakery can be a substitute but not a perfect alternative to the GF craft restaurant.

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WePapers. (2021, February, 12) Free Business Plan About Gf Craft. Retrieved March 26, 2023, from https://www.wepapers.com/samples/free-business-plan-about-gf-craft/
"Free Business Plan About Gf Craft." WePapers, 12 Feb. 2021, https://www.wepapers.com/samples/free-business-plan-about-gf-craft/. Accessed 26 March 2023.
WePapers. 2021. Free Business Plan About Gf Craft., viewed March 26 2023, <https://www.wepapers.com/samples/free-business-plan-about-gf-craft/>
WePapers. Free Business Plan About Gf Craft. [Internet]. February 2021. [Accessed March 26, 2023]. Available from: https://www.wepapers.com/samples/free-business-plan-about-gf-craft/
"Free Business Plan About Gf Craft." WePapers, Feb 12, 2021. Accessed March 26, 2023. https://www.wepapers.com/samples/free-business-plan-about-gf-craft/
WePapers. 2021. "Free Business Plan About Gf Craft." Free Essay Examples - WePapers.com. Retrieved March 26, 2023. (https://www.wepapers.com/samples/free-business-plan-about-gf-craft/).
"Free Business Plan About Gf Craft," Free Essay Examples - WePapers.com, 12-Feb-2021. [Online]. Available: https://www.wepapers.com/samples/free-business-plan-about-gf-craft/. [Accessed: 26-Mar-2023].
Free Business Plan About Gf Craft. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/free-business-plan-about-gf-craft/. Published Feb 12, 2021. Accessed March 26, 2023.

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