Competitive Analysis : The competitive analysis is a great way to determine the strengths and weaknesses of the competitors in the same market. This will allow you to create strategies to give you an advantage. Any potential threats can be recorded which will help to create early strategies to prevent any weaknesses that can be exploited.
The trouble with sample café business plans is exactly as the name proposes. It is a sample plan. The information is based on a generic café, and therefore it neglects the fact that every cafes situation is different. Therefore, for the plan to become effective it must be tailored to the restaurant or cafes current situation. The fact is that a lot of the information contained in these plans is useless for everyday operation and growth of the restaurant.
How do you create an effective business plan in this situation? Well, simply stated, place yourself in the shoes of the person lending the money. What would you as the lender want to read in a plan? First and foremost, these individuals want to see that you have demonstrated the ability to repay the loan with the required level of return on investment (ROI) and within the required time frame.
It also needs to be written in formal format and style. You have to remember that a business plan is something that you may have to present to your business partners, financial firms and banks. So if you can, refrain from using slang in any part of your plan.