ipl-logo

Analysis Of A Good Ideas To Open One In The Heart Of Sioux Falls

1011 Words5 Pages

Overview

Since Sioux Falls doesn't have that many bakeries, I think it would be a good idea to open one in the heart of Sioux Falls. The bakery would be called Cakes and Cupcakes. It would be on 41st Street since its the most busiest. Their isn't much bakeries where people can get bakery items so I think it would attract many people because it’s on a busy street and there isn't many bakeries in Sioux Falls.

Product or Service

My Bakery will offer a variety of bakery foods including pastries, cakes, pies, cupcakes, tarts, and other foods. All of the items will be made and cooked by me and my employees in the kitchen of the building. All of our items will be freshly baked each day so everything will be fresh. Our building will be located …show more content…

I think I can out run them because they are small businesses and mine will be on a busy street. Other competitors include bakeries in stores such as Sunshine, Walmart, etc. Sunshine has a bakery part in it and sells bakery foods in packages like Walmart. I also think I could out run them too because most of the stuff there isn't freshly made and its in packages. I would also paint the outside of the building with bright colors to attract more people and to be different from the other businesses. My business is more unique because I will have a bigger variety of foods and my building will be a bright color and not many bakeries are bright colors so it would stand out. Also there isn't a bakery on 41st Street so my business will be the only one. I think I could make a lot of money off of that. My bakery has many strengths and weaknesses. Like I already said my building will be a bright color, have a bigger variety of foods, its on a busy street, and my prices will be fairly low. My business doesn't have that much weaknesses other than some people might not want to go because people don't usually go to bakeries and it will be newly opened. In conclusion I think it will be hard for other businesses to compete with me because of those …show more content…

I am thinking that we will need about 5 to start off with. If I think we will need more employees then I will hire a couple more. We will make all the items in the kitchen of the bakery. When we open we will have people be able to come in and buy some foods. If customers what something delivered or something custom, we can deliver it. We will need to either find a building for sale on 41st Street or we will need to build a building. We will need many supplies to start off. Things that we need include a cash register, display cases, and tables and chairs for the front. Things we will need in the back are ovens, refrigerators, freezers, counters, and supplies including stirring utensils, pans, bowls, ingredients to make the stuff, etc. Another thing that we will need is a van. We need to be able to deliver the cakes and special orders. With the van we can also put the logo on it to help advertise the business. With all the supplies and equipment I will be able to run the

Show More
Related

Interview With George's Auto Repair

954 Words | 4 Pages

The location where the shop is at promotes the business itself, because it has been there for a long time and it has customers that have been coming to this shop this long time. He does do a monthly budget. Everything depends on how many cars come in for any type of service. He said this business is mostly 80% cost and 20% profit.

Read More

Cracker Barrel Essay

437 Words | 2 Pages

These firms are continuously competing with Cracker Barrel because they offer the similar types of food and services; although they have different strategies and distinctiveness. Not only are some of the food options similar, but their prices are close in range. There are so many factors that make the competition in the restaurant extremely high. Some of these factors include: prices, quality, value, reputation, location, and accessibility. Chart below compares the competitors’ gross profit margins.

Read More

EGT1 Task 4

1194 Words | 5 Pages

The survey that I have made on the restaurants present in the North West has shown that new products arrival in the market can be risky for our restaurants for example different burgers with wide range of variety. • Bargaining Power of Customers (Buyers): For any business the especially in food business, the customers are the most powerful stakeholders. If the new branches fail to satisfy the customers by its services or the products, the restaurant will be in a great loss. • Bargaining Power of Suppliers: Another key stakeholder that I have identified is the power of the suppliers. However, a food restaurant cannot perform its basic operations if they are unable to find appropiate suppliers for their raw products.

Read More

Pico-Union Case Study

1062 Words | 5 Pages

Panaderia Cuscatleca has their product in a Mexican newspaper and they keep it in their store, which won’t really promote their store if it’s always inside their store. They have business card that is plane with just blue letters say their bakery name and the contact number and store address, which it really plane. Beside those advertising they do go to charities events and festival to promote their bakery, but the problem is that the festival is located far from their store. Which is no really affected because why go to Panaderia Cuscatleca 8 or 12 miles away when they can go to the closes one near them. Panaderia Cuscatleca need to stand out of every other bakery by making their own logos stickers because who doesn’t love stickers and pass it around one by one, they should reward their customer by creating an award card for pass purchases and give out free sample because people are afraid to buy something they never eaten before, getting to know your customers and letting your customers knows about the bakery is how you attract

Read More

Buddy Valastro Research Paper

1577 Words | 7 Pages

It is one thing to just make a really big cake with a printed picture on edible paper to put on the cake but, another to actually create a life-sized cake that requires more than a dozen people helping out to put together. After being entertained with the special effects of the cake, everyone at the New York International Auto Show got to enjoy a piece of the cake.

Read More

Publix Competitive Strategy

1372 Words | 6 Pages

Business products are types goods and services which make cost-effective purchasing decisions. Installations are major capital investments in the business to business market. For example, items in Publix have to constantly stay restock and fresh for consumers to purchase whenever they chose so. Publix has purchased 18 wheeler trucks to ship, carry, and deliver items to the store. A company truck is a capital investment and a major component of how the business operates.

Read More

Case Analysis: Einstein Bross Bagels

1240 Words | 5 Pages

o In-store brochures containing our concept and philosophy. o Wall posters. o In-store viewing of bagel making process from cutting to rapping. o Outdoor standing signage (if possible).

Read More

Thomas Keller Case Study

2745 Words | 11 Pages

The risks of failure can come from many different reasons, such as “changing demographics, accommodating the unrealized demand for new services and products, market consolidation to gain market share in selected regions, and realignment of the product portfolio that requires selected unit closures” (Parsa, Self, Njite, & King, 2005). The ever-shifting trends can also be a risk to a restaurant if the trends move away from the concept of the restaurant. Market saturation of restaurants can also be detrimental to a business, if there are too many business’s in the area serving the same style menu as you, then you could lose out on a lot of potential customers in the slew of competition (Scott, ). Poor management is another reason a new restaurant can fail. This includes poor planning of labor and ordering of inventory.

Read More

Case Study Little Short Stop

1595 Words | 7 Pages

With opportunities also come threats and one of the most pressing issues in the market facing LSS is the sheer size of their competitors. With both 7-Eleven and Circle-K establishing many locations around Ontario, LSS’ local social influence will be tested as the competition offers different experiences and loyalty programs. LSS must also contend with the fact that the convenience market has low barriers to entry and can face indirect competition from sources such as 24 hour grocery stores, department stores and local dollar stores. (For full opportunities and threats see Exhibit SWOT

Read More

Media Article Summary

726 Words | 3 Pages

Summary of Media Article: Researchers recently did the experiment in diamond ,which can provide a nitrogen-vacancy center. They use varied laser light to draw paths for the electronic spin in diamond. By doing that, quantum operation could do resilience to outside influence. Their research depends on the Berry Phase,"when a quantum mechanical object, such as an electron, is cycled along some loop, it retains a memory of the path that it traveled"(Peter,P2).

Read More

Bubble Deer Essay

462 Words | 2 Pages

My new business is called Bubble deer, it is a restaurant and it will be located in Slough High Street. Food service equipment is chosen by the owner much before the staff has been recruited. Proper location of equipment ensures smooth operation, and saves time and energy of the

Read More

Pivot Assignment: Starbucks Business Model Innovation

1393 Words | 6 Pages

Their location is very important as many people would love a coffee on their way to work or library so that’s why you will most likely see a Starbucks on the corner of the street beside your workplace. Their coffee making skills has to be good because if it’s not then people aren’t going to go in just for the sweet treats. The furniture has to be fitting towards what type of business it is. Free internet is a massive plus because of business people that are sitting in or even teenagers will like to surf the web or check their emails before work. Key Activities Key activities represents what you need to make this store function properly, which is hire good staff, long hours of work, maintain space around the store and don’t keep customers waiting.

Read More

Pestel Analysis Of The Pestle Analysis On Starbucks

1288 Words | 6 Pages

Strong brand identification or high capital requirements can minimize the threat for competitors. As a brand Starbucks holds very strong reputation in the market. For people Starbucks is like second home as when they get tired of being home or workplace they can sip a coffee there and feel relaxed, which can relate in a bad manner for the new entrants. For Starbucks the threat of new entrants is modest as they have their own standards that are very high to compete with by the other firm. Locally there are many other coffee shops that are developing.

Read More

Strategic Analysis: Strategic Management Of Starbucks

2498 Words | 10 Pages

They target premium, high-movement, high-perceivability areas close to a mixture of settings, including downtown and rural retail focuses, office structures, college grounds, and in select provincial and off-expressway areas over the world.10 This has earned them a huge capability and preference to have the capacity to enter prime markets and tap into clients persuade component. Their stores are outwardly engaging and have a "cool" variable appended to it with being intended to mirror the novel character of the area they serve in and earth benevolent. They give complimentary wireless internet, incredible music, awesome administration, warm environment and give a domain of group meeting spot, which shapes a more extensive piece of the 'Starbucks Experience '. The principle go for the firm is to make their stores a 'third place ' other than home and work. 

Read More

Marketing: Marketing Mix In The Ice Cream Industry

1497 Words | 6 Pages

Moreover, there were a few condominiums near our business location. A lot of college students and working adults are living in the condominium too. It is very convenient and easy for them to walk to our shop as it only takes 5 to 10 minutes to walk to our shop. But in the future, our goal is to locate our business to a shopping complex such as KLCC and MidValley.

Read More

More about Analysis Of A Good Ideas To Open One In The Heart Of Sioux Falls

Related Topics

Open Document