Business Re-Assessment
After a review of the business proposition from potential investors, a few issues were raised. These issues were all weaknesses in the business proposition. The evaluations of potential investors raised concerns for the lack of mitigation strategies to the threats to the business. Among other things, the proposed location for the business was also an issue raised.
Among reviewing the evaluations of investors, it was decided that the business proposition was to go back to the SWOT analysis and create a mitigation strategy for the threats and weaknesses. This strategy can be found under the SWOT tab.
The idea of the ride-thru side service is to be abandoned as investors thought it would be too messy and difficult to keep functioning. As this would be quite an expensive attachment to the main bar, it was decided that the ride thru would be unviable. This is not to say that there would not ever be a ride thru side bar, but as a starting business it would be too difficult and expensive to maintain along with a main building.
The location of the Protein Bar was also questioned in the reviews but the business will still be located in Perth City. This is because Perth City has a cluster of gyms, and it is heavily populated. The heavy population in the city would provide excess customers and the Protein Bar would get good business from workers on their lunch break.
The Protein Bar business would still be a viable business for the present and the future. With health consciousness on the rise and the need for healthy food in everyday life the health food market would be the ideal market to enter as a business.
Among reviewing the evaluations of investors, it was decided that the business proposition was to go back to the SWOT analysis and create a mitigation strategy for the threats and weaknesses. This strategy can be found under the SWOT tab.
The idea of the ride-thru side service is to be abandoned as investors thought it would be too messy and difficult to keep functioning. As this would be quite an expensive attachment to the main bar, it was decided that the ride thru would be unviable. This is not to say that there would not ever be a ride thru side bar, but as a starting business it would be too difficult and expensive to maintain along with a main building.
The location of the Protein Bar was also questioned in the reviews but the business will still be located in Perth City. This is because Perth City has a cluster of gyms, and it is heavily populated. The heavy population in the city would provide excess customers and the Protein Bar would get good business from workers on their lunch break.
The Protein Bar business would still be a viable business for the present and the future. With health consciousness on the rise and the need for healthy food in everyday life the health food market would be the ideal market to enter as a business.