Importance of a comprehensive business plan Essay

Importance of a comprehensive business plan - Essay Example A comprehensive business plan for a medium sized restaurant can be sub-divided into three parts: business concept, the marketplace and financial position. These three components are split down into more than half-dozen components that encompass the overview of the business plan, a detailed account of the business dealing in food, market strategies guiding the food industry, analysing the position of market rivals, design and development, details about operations and management, and the financial standing of business (Letovsky, & Banschbach, 2011). Unlike small business plans with fewer pages, comprehensive business plans offer the business executives with a detailed outline on how to approach various challenges and capitalize on the strengths and opportunities for the successful running of the business. Business plans serve the important roles of providing a guideline for running the business, especially for start-up ventures in the highly competitive and delicate market environment - the food industry. Business plans enable many small and medium enterprises to cultivate trust with not only credit facilities that may offer financial assistance, but investors who may see it wise to channel a given amount of money to the business. Business plans can also enable a business owner running a medium-sized restaurant to know the position of his or her company in the market (D'Angelo, 2007). Owing to the comprehensive nature of details to be incorporated, a business plan for a medium-sized restaurant can present several challenges as the work of developing one can be daunting and could consume more resources from the amount set aside for starting the business. Components of a comprehensive Business Plan A comprehensive business plan for a medium-sized restaurant has several sections. These sections are clearly detailed to allow business to allow the business owner(s) and managers to have at their finger-tips, what the business entails and what needs to be done at partic ular moments in the life of the business. These include: (a) Executive Summary The executive summary provides a one-glance assessment of what the business plan contains. This section is important because it enables key stakeholders to understand the position of the business, and the assets which are available at the business executives’ disposal for easy deployment when the need arises. (b) Company overview The company report section outlines important details about the business, such as location, size, what the business specializes on and what the goals of the business (Gjerde, & Harlow, 2010). The company overview allows for an easy connection with various stakeholders such as customers, and suppliers for successful business operations. The company overview may also outline the locations of the market rivals, who in this case can be other medium-sized restaurants. This essentially allows for the deployment of the right strategies for competition in order to have an edge ove r the market rivals. (c) Products or Services The part of the business plan which outlines the products or services, ought to offer a clear description of the kind of products and or services the business sells with more focus being based on the value for money. This section cultivates a cordial relationship with clients, thus wins over their loyalty. (d) Market Analysis This section of the business plan should offer a comprehensive description of the

Plate Boundaries and Earthquake Featurs Essay Example | Topics and Well Written Essays - 750 words

Plate Boundaries and Earthquake Featurs - Essay Example This analysis seeks to explain and help comprehend diverging zones. A boundary with divergence is a location where plates move apart while occurring above the growing convection currents. These currents rising push upon the base of the lithosphere, forcing it up while flowing beneath it. This tangential surge results in a drag of the plate substance over it, in a similar direction flow. At the apex of fortify, the overlying plate gets elongated thin, and because it cannot hold on anymore, it fractures and tows apart. Divergence occurs when the boundary plates move with different velocities both vertically and horizontally. According to Strickler’s 2nd law of GeoFanstasy, divergence occurs due to a massive stress at a tremendously slow rate on the boundary plates. The up and down movements result in distortion of the earth’s crusts resulting in fractures and joints, breaks and slips and folds. Krafla Volcano; the northern part of Iceland clearly shows the consequences of these plate movements. At the Krafla Volcano region, the current ground fractures continually widens as new ones emerge after a few months. In the period between 1975 and 1984, a number of rifting activities took place close to Krafla fissure region. A few of the rifting incidents were pursued by some significant volcanic activities; the ground gradually rose 1-2 meters prior to unexpected dropping, which signaled a looming eruption. In the era linking 1975 and 1984, the ground rose by a stunning 7 meters due to the plate divergence (Condie, 1997). The movement of the earths’ crust results in different formations. The conditions bringing forth these differences include the Temperature, Type and magnitude of the force and Rock type. Economic resources consist of naturally occurring materials of earth in dire demand for different uses. These economic resources include minerals, rocks and gases. Nature and divisions of these resources relate to geological structure and its hist ory resulting in a wealthy economic resource. Stop 2: Haiti an earthquake feature location Introduction An earthquake feature point is a place where there is a high activity underground resulting to frequent earthquakes and other tremors. Maps of Japan Map of Japan showing the three plates in contact The type of earthquake: Megathrust A Megathrust fault is a boundary connecting a sub-ducting zone and an overriding plate. A Megathrust quake results from an abrupt slip between the two plates down the fault line. It occurs in an area of Megathrust fault. An earthquake results from friction of plates and is increases as it progresses from one layer to another. Grinding of plates against the other is the main cause of earthquakes (Rafferty, 2011). Japan sits at the top of three continental plates rubbing against the other; the Pacific, the Eurasian and the Philippine Sea plates. These three plates continually rub against the other developing a tremendous pressure escaping with a vicious force. According to the Stille (2006), Japan is in a â€Å"ring of fire†, it experiences an earthquake every seven minutes. A seismic network takes down the measurements of the earthquake while a seismograph measures the magnitude or energy released while intensity is the strength the quake shakes things. The quakes produce two waves; P waves, a compressional wave and S or shear wave. The shear wave is slow