Food truck- Entrepreneur Interview and Reflection report Essay

Food truck- Entrepreneur Inter determine and Reflection report - Essay ExampleThe entire care for of learning involved with this module has made me to discover the possibility of effectuation as a worthy tool for advancing on entrepreneurial career, as well as providing important suggestions on how to fetch up with entrepreneurial skills (Price Institute for Entrepreneurial Studies, 2000).To start with, we are going to stand an over view of Tullees restaurant which is a Caribbean restaurant located in the northern side of London. It was started in 2008 by Glen Watson who would like to expand the business so as to earn more income. Some of the segmented customers who steal from the restaurant include the local people most of them being working class. Other customers included those who came regularly came for lunch.After careful analysis we realized that most of the restaurant restaurants do not sell Caribbean victuals and this made us to start serving this food. In order to be competitive, our main focus was on the quality and the prices of food. The business intends to use social media as a way of connecting with the customers. Online orders will also be used where customers can make online orders through their mobile phones. Since the original owner of the restaurant used to have only one supplier, we intend to have several of them so has to increase the supplies.In order to depict new customers, we will provide best offers like price reduction and after sales redevelopment to win customer loyalty. For the case of customers who have been loyal, we will use them as referrals who will recommend us to other customers. We will also profile our cost structure appropriately so as to tame costs as much as possible so as to maximize profits. Most of our set resources will include suppliers, employees and customers.According to Baron (2012), learning and reflection is a very important exhibit in life. It