Swot Analysis of any Business Plan
Consider Five Athletics Bar and Grill is a fantastic sports pub located in Anytown. Joseph A. Smith, the principal owner, would like to expand his current establishment of Have Five Sports Bar and Grill to many places within just or near Anytown. Take Five Sporting activities Bar and Grill has become open as 1995, providing to the industry with innovative technology, great food, and creative tie-ins with various sports teams, celebs, and radio hosts. When Mr. Johnson has been good with his current venture, Mister. Smith will need to still assess his strengths, weaknesses, opportunities, and disadvantages before he chooses to spread out up even more stores. The following is a SWOT analysis of his current and future businesses. Any business is only going to be good as the current leader. Mr. Frederick Smith shows himself as a tremendous leader. Not only was he able to turn a profit over a restaurant his first year, but he is well educated as he has a MBA from Anytown University. This individual shows his business expertise by picking locations around Anytown which have high targeted traffic but might not have competition from other sports pubs. When he extends he his marketing his product to a diverse demographic, instead of selecting to market to the sports fan, he is likewise marketing to late night packed areas, business entertainment, travelers, as well as the most important market, families. Mr. Smith does this by providing a great, welcoming atmosphere by having large screen tv sets, cutting edge electronic devices, and music equipment. Moreover to all of technology, Mister. Smith also employs the best service and culinary workers available. While Mr. Frederick Smith gets the ideal education, ideal real estate, and best demographic, his business plan does have some disadvantages that would gain from some extra attention. Some may applaud Mister. Joseph Smith for having such an aggressive aim of starting five retailers in under a 12 months, some may possibly say that this goal to too extreme. Take Five Sports Tavern and Grill has only been wide open...
References: Bplans. com. (1995). Sports Tavern Business Plan. Gathered October your five, 2008, from http://www.bplans.com/Sample_Business_Plans/Bar_and_Nightclub_Business_Plans/Sports_Bar_Business_Plan/Management_Summary_fc.cfm
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