3.
4 Pre-operating Activities
Pre-operating Activities February March
Market Research:
Industry Analysis
Competitor Evaluation
Customer Surveys
Recipe and Equipment Development :
Recipe Creation
Taste Testing
Equipment Procurement
Business Planning:
Business Model Formulation
Marketing Strategy Development
Location Scouting
Interior Design Planning
Final Preparations:
Regulatory Compliance
Staff Recruitment and Training
Supplier Partnership
Soft Launch
This table outlines the pre-operating activities for a business. These activities are tasks
that need to be completed before the business can officially open. They are divided into
four main categories: Market Research, Recipe and Equipment Development, Business
Planning, and Final Preparations.
Market Research: This involves gathering information about the industry, competitors,
and potential customers.
Industry Analysis: Understanding the current market trends, opportunities, and
challenges.
Competitor Evaluation: Identifying who your competitors are, what they offer, and where
your business can have an advantage.
Customer Surveys: Collecting data from potential customers to understand their needs,
preferences, and buying behavior.
Recipe and Equipment Development : This section is crucial for businesses in the food
industry.
Recipe Creation: Developing unique and appealing recipes that will attract customers.
Taste Testing: Ensuring the quality and appeal of the recipes by conducting taste tests.
Equipment Procurement: Identifying and purchasing the necessary equipment to prepare
the food.
Business Planning: This involves making crucial decisions about the business operation and
strategy.
Business Model Formulation: Designing how the business will create, deliver, and
capture value.
Marketing Strategy Development: Planning how to attract and retain customers.
Location Scouting: Finding the ideal location that is accessible to the target market.
Interior Design Planning: Designing the layout and aesthetics of the business premises
to provide a pleasant customer experience.
Final Preparations: These are the final steps before the business can open.
Regulatory Compliance: Ensuring all necessary licenses and permits are obtained.
Staff Recruitment and Training: Hiring the right people and providing them with the
necessary training.
Supplier Partnership: Establishing relationships with reliable suppliers for business needs.
Soft Launch: Conducting a trial run of the business operations to identify and rectify any
issues before the official opening.
3.5 Pre-Operating Expenses
Pre-Operating Activities Expenses
Market Research: 1,500 pesos
• Industry Analysis
• Competitor Evaluation
• Customer Surveys
Recipe and Equipment Development : 4,000 pesos
• Recipe Creation
• Taste Testing
• Equipment Procurement
Business Planning: 3,000 pesos
Business Model Formulation
Marketing Strategy Development
Location Scouting
Interior Design Planning
Final Preparations: 5,000 pesos
• Regulatory Compliance
• Staff Recruitment and Training
• Supplier Partnership
• Soft Launch