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The Brit. The financial risks that will arise in the business will include increasing rent, water and electrical bills as well as increasing game console prices David et al The purpose of this essay has been to critically evaluate the business plan that has been developed for a gaming lounge known as LMNE which will be located in the Norwich area of the United Kingdom.
A business plan is an important aspect in the planning process as it is designed to persuade investors and other stakeholders to the idea to support the business venture Timmons et al Business plans provide a framework that will be used by the owners of the venture to outline the specific business goals and objectives that need to be achieved for the business to be successful.
McKeever Stone and Desmond, The evaluation of the business plan has shown that while the plan itself is strong, there are various weak points which need to be addressed in the competitive environment of the business venture.
The evaluation has highlighted the fact that the Internet has played a major role in the gaming lounge business where many gaming companies are able to offer online services without having to physically provide game arcades and lounges to their clientele. A recommendation for the business will therefore be to tap into the online market as it seeks to establish itself in the Norwich gaming market.
The business partners should look into ways of designing and developing an online gaming lounge that will be able to appeal to the adult demographic thereby increasing the number of customers the business receives per year. This will ensure that it has expanded its market segment while at the same time diversifying its operations to include online gaming sites.
Chaney, I. Journal of Interactive advertising , Vol. Dalal, S. David, M. Journal of Business Venturing , No. Eastin, M. Fattah, E.
American Demographics , Vol. Ferrazzi, K. Harvard Business Review , Vol. Kim, K. Irish Marketing Review , Vol. Lainema, T. Journal of Information Technology Education. Maw, D. Journal of Business Venturing, Vol. Peters, M. IEEE , No. Schulz, E. New Jersey: Adams Media. Desktop Enhancements. Networking Software. Trending from CNET. Download Now. Developer's Description By Rocketsnail Games. Word Crunch the exciting new way to play word search puzzles.
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