Business Plan for Indian Restaurant - Pearls Valley Restaurant Case Study

Business Plan for Indian Restaurant - Pearls Valley Restaurant - Case Study Example Considering the overall nature of the business, our new proposed business will be a sole propertiership and as such the business, as well as the owner, will remain the same person. A sole proper internship is also called sole trader in which all assets and liabilities of the business are the personal liabilities of the owners. A sole proprietorship will be easier to formulate with lesser legal complications as well as fewer regulations to follow. This makes the sole proprietorship a better and more manageable option to exercise for the achievement of overall intended objectives. It is also important to understand that a sole proprietorship is relatively easier to manage and the owner can take charge of many important issues himself with fewer expenses. The proposed name of our new business is Pearls Valley Restaurant which will be an Indian restaurant catering to the needs of Indian and Pakistani customers. Starting a new business is always a challenging task and requires considerable effort and investment to successful start the business. This, therefore, means that the entrepreneurs must not only put in their skills and efforts but also invest the required funds to initiate a successful business. What is also, however, critical to understand that in order to open the new business, it is important that a comprehensive preparation must be done so as to cover as much as ground as possible in order to cover the risks. The proposed name of our new business is Pearls Valley Restaurant which will be an Indian restaurant catering to the needs of Indian and Pakistani customers. This will be a small restaurant and as such the overall organizational structure of the proposed will be simple with owners managing the affairs of the business with relatively smaller input/help from employees involved in managerial activities.