Business Essays Entrepreneurship Pancake Cereal

Business Essays Entrepreneurship Pancake grainEntrepreneurship Pancake CerealBusiness pattern / Mos Pancake and Cereal BarIntroductionEntrepreneurship is a thriving exercise in the United States, as intumesce as globally. Increasing number of people be deciding to implement their dreams of assembly line organization ownership. There argon between three and five million entrepreneurial stemma ventures undertaken per annum within the United States. Eighty-four percentage of those starting a spick-and-span dividing line venture are first-time entrepreneurs (Zimmerer Scarborough, 2005).This adventuresome spirit is having a portentous concussion on the national economy and the business environment, as well as playing a significant role in the health of the global economy. These businesses deem introduced many new products and services, appropriated new technological innovations, increase job opportunities, and more importantly, provided their founders with a means to do something they enjoy however, 64% of underage businesses fail within six geezerhood (Zimmerer Scarborough, 2005). A business mould that offers an inter disciplinal roadmap go away provide first-time entrepreneurs with a stronger foundation for sign achievement.In a recent study, Ernst Young reported that 78 percent of influential Americans believe that entrepreneurship bequeath be the defining trend of this light speed (Zimmerer Scarborough, 2005, p. 2). Downsizing and massive layoffs by many of the countrys largest organizations have created a large population of entrepreneurs with extensive management experience and years left of productive work. The notion of job security has all that disappeared and as a pass on, starting a new business is no longer perceived as authorityicularly risky.In light of this roaring environment for entrepreneurial activity, the success of a new business venture, Mos Pancake and Cereal Bar (MPCB), located in the vivacious and historica l downtown district of Grapevine, Texas, seems particularly promising. Elements of several relevant crystallises leave alone play a vital role in the success or failure of this particular venture. By taking advantage of the perspectives of these particular disciplines, it should be possible to integrate their insights in order to create a executable business broadcast that entrust result in the ultimate success of Mos Pancake and Cereal Bar (Repko, 2005).There are a wide range of disciplines that could contribute to the man of a self-made business plan for MPCB. Some of these disciplines hold architecture, business administration, education, history, political science, sociology, and urban preparedness and instruction. Three disciplines have been identified as those making the superior contribution urban planning and contractment, architecture and the subfield of interior trope, and business with an accent mark on atomic business management.An spirit of urban planning and development leave alone be necessary to ensure a business plan that is that is in care with the overall goals and the long-term development plans of the metropolis of Grapevine. urban planning and development plays a make out role in understanding patterns of process and its resulting economic implications (McCarthy, 2007).The ownership and management of MPCB must understand the implication of community goals and the importance of these goals on the ultimate success of MPCB. As an organization, MPCB should develop strong ties with city government and take an active part in promoting its development. One way it can do this is by taking part in such activities as Main Street Days, Grapefest, and various pass festivities held annually in the city of Grapevine.The radiation diagram of the animal(prenominal) location of MPCB forget require a working jockeyledge of architecture and interior bearing (Killory Davids, 2007). The Historical Society of the city of Grapevine depart need to be consulted in order to design a facility that is in keeping with city ordinances and the overall historical flavor of downtown Grapevine. The interior design of MPCB must combine a reflection of historical Grapevine and at the same time a bizarre breakfast experience. These unique parameters will require competent design capabilities and a certain level of architectural expertise.A study of pure business management within the discipline of business will provide the foundation upon which to develop a precise business model. This model will include four basic separate the description of the business, market, finances, and management. Each section will provide a detail analysis in sufficient detail to enable a funding institution to determine the viability and potential success of MPCB.This business model will also describe the corporate mission statement and identify those factors considered to be the keys to success (Bachler, 2007). Another primary function of the business plan will be to convey the overall concept of MPCB, which will be the creation of a unique breakfast experience.It must be perspicuous to soulfulness reading the plan that MPCB offers a unique and different dining experience. The social organisation of a detailed business model will also provide a roadmap and sense of direction to the management of MPCB, thus facilitating a greater chance for the ultimate success of the business.The goal of this endeavor is to take an interdisciplinary approach to developing a business model that will result in the ultimate success of Mos Pancake and Cereal Bar. The search mode used will primarily involve a natural search for applicable information within the relevant disciplines and the assembly and assimilation of pertinent data from peer-reviewed sources.This data will provide the bag for statistical analysis needed to determine its value and contribution to the plan. The marketing and sales experience of the owner/managers will also play a hyper searing role in the development of the plan.An interdisciplinary approach to this entrepreneurial venture should facilitate a holistic understanding of the best method of designing a comprehensive business plan through the identification of the benefits of community interaction and the construction of a complementary physical location. done the integration of relevant disciplinary insights and the creation of a new approach, Mos Pancake and Cereal Bar should have a much(prenominal) greater chance for financial success and long-term stability (Repko, 2005). priming coatAs mentioned in the introduction, entrepreneurship is a fast-growing phenomenon that is having a broad impact on the U.S. economy, as well as the global economy. Therefore, the impact of sharp business failure can be tremendous. Reducing the percentage of small business failures annually within the United States could significantly expunge the upkeep of many Americans. The question becomes , What is the best way to reduce the incidence of small business failure?It is well-known in the business community that a strong ego is a prerequisite for the creation of a favored business however, it can also be a major(ip) parkway of business failure. Too often entrepreneurs drop by the wayside their knowledge of their products and services to observe them from seeking advice and performing the self-evaluations necessary for success.Business owners must continually be on the lookout for the warning signs of falling into the ego trap (see picture 1, Malone, 2004). Leaders must learn to retain their confidence in themselves, time at the same time remembering that they do not know it all (Malone, 2004). Being willing to learn from others, and by choosing to familiarize oneself with self-made small business models within a particular labor, many major mistakes could be avoided.Reducing the failure rate of first-time entrepreneurs will greatly affect the livelihood of residen ts living within individual communities. In the city of Grapevine, for example, city planners have madely provided an environment that is conducive to entrepreneurial success. According to a 2007 economic update ( city of Grapevine, 2006), Grapevine is considered to be one of the close to vibrant communities in the Dallas/Fort Worth metropolitan area.Decreasing comelyty taxes in Grapevine play a large role in change magnitude the attraction of small businesses. One of the reasons for decreasing property taxes is the attraction of such large-scale businesses as the Grapevine Mills Mall, the Gaylord Texan Convention Center, and the bully Wolf Lodge which produce increased tourism traffic resulting in increased area business revenues. These industries are credited with triggering continued growth within Grapevines small business sector for the fit few years (see Figure 2, City of Grapevine, 2006). This success translates into a vibrant local economy and lower tax rates for area r esidents. It is evident therefore, that urban planning plays a large role in diminution the failure rate of first-time entrepreneurs.The premise of this paper is that an interdisciplinary approach to creating a small business model could conceivably lead to the greater likelihood of success for a first-time entrepreneur. By comparing and contrasting the perspectives of the three most relevant disciplines urban planning and development, architecture, and business areas of overlap should reveal usual ground from which to develop an integrative and viable business model for MPCB in the lead to the ultimate goal of first-time entrepreneurial success. This means of discovery, an interdisciplinary approach, becomes a unique way of addressing and solving a real-world problem (Repko, 2004).When implementing this approach, the discipline of urban planning and development becomes the umbrella under which the design of the location of MPCB and its comprehensive business plan becomes a reali ty. ground the overall parameters set forth by the city of Grapevine is critical to developing a plan that enhances the citys goals and objectives and ultimately results in the opportunity of success for MPCB. By researching the guidelines for successful urban development, the basic strategy upon which to build a successful business model can be developed.With urban development providing the foundation, the second signifier of actual construction of a complimentary facility can begin. Understanding basic architectural concepts and the limits of design should result in a physical location that is harmonious with its surroundings and appealing to potential customers. That appeal is critical to the ultimate success of MPCB since one of the primary goals of this business is the creation of a unique dining experience. That concept will not only include the physical location and the interior design, but the menu as well. The research and effective use of applicable architectural design elements provides another thoroughfare to the ultimate goal of first-time entrepreneurial success.The third element of the plan is the thorough research of proven business principles leading to the construction of the actual business model. Research of successful business models within the food service industry should provide guidance and direction. A comprehensive and thorough roadmap based on those proven business principles should greatly enhance the opportunity for first-time success. This business model should be very detailed and cover every aspect of small business operation. The executive summary, corporate mission statement and keys to success will provide the background information required to facilitate the attainment of financial support necessary to begin operations.Tremendous emphasis will be move on the management and develop of employees. Proper training and development is critical to the success of any business, particularly small businesses. Effective employee training and proper motivation techniques are particularly critical in businesses such as MPCB where customer contact is of utmost importance. The small size of MPCB will allow management to have a closer working relationship with distributively employee and therefore a better understanding of individual training needs. Additionally, training is more easily designed around the corporate objectives of a littler organization (Blanchard Thacker, 2007).The primary indicator of the success of this interdisciplinary approach will ultimately be the track record of MPCB. By understanding the disciplinary perspectives of the three most relevant disciplines and integrating their insights (Repko, 2005), the goal is to discover the key to first-time entrepreneurial success.ReferencesUrban inventning and DevelopmentDiamond, J. (2007). Managing the city. London New York Routledge.City of Grapevine (2006). 2007 Economic Update. Retrieved March 6, 2008, fromhttp//www.ci.grapevine.tx.us/Individu alDepartments/EconomicDevelopment/tabid/95/Default.aspxMcCarthy, J. (2007). Partnership, collaborative planning and urban regeneration. Aldershot, England Burlington, VT Ashgate.Ofori-Amoah, B. (2007). Beyond the metropolis Urban geography as if small cities mattered. Lanham, MD University Press of America.Architecture and Interior DesignKillory, C. Davids, R. (2007). Details in present-day(a) architecture. New York PrincetonArchitectural Press.Kolleny, J. (2002). Seven outstanding finalists prove that good design pays. Architectural Record, 190(11), 112. PPearson, C. (2005). Making the scene. Architectural Record, 193(11), 141. PRyder, B. (2007). New restaurant design/Bethan Ryder. London Laurence King.Business/Small Business ManagementBachler, C. (2007). Plan of attack. Home Business Magazine, 14(5), 28-82. PBlanchard, P. Thacker, J. (2007). Effective training Systems, strategies, and practices.New jersey Pearson scholar Hall.Malone, M. (2004). The small business ego trap. Bu siness Horizons, 47(4), 17-22.Price, B. (2007). Five black flaws falter small business. Broker Magazine, 9(9), 10-12. PZimmerer, T. Scarborough, N. (2005). Essentials of entrepreneurship and smallbusiness management. New Jersey Pearson Prentice Hall.Other SourcesRepko, A. (2005). Interdisciplinary practice A student guide to research and writing. Boston Pearson Custom Publishing