Elevator Speech

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Persuasive elevator pitch

Student’s Name

Institutional affiliation

Option 1

My business idea is start a fast food restaurants which would sell burgers, fries, pizzas, and snacks. The business is helping solve the problem which is usually faced by most of the people who need a good meal but are in a hurry; they are rushing somewhere (Allen, 2017). The restaurant will help provide fast, fresh, quality and affordable food products. The restaurant will help offer affordable food which is not available in most of the fast food restaurants that sell at very high prices. The target market is college students and employed individuals who need meals on the run. The college students are the target market because they like fast foods. The major competitors to the business will be McDonalds, Kentucky Fried Chicken (KFC) and Starbucks. These restaurants offer fast food and have branches all over the country and in other states. The fast food restaurants have established themselves and their brand as well.

There are various funding sources which will help in starting the business which are:

1. Family and friends: friends and family can help in financing the startup of a business with their savings and income.

2. Savings- personal savings saved over a period of time will help in purchasing materials and equipment needed for the restaurant (Ryu, 2017).

3. Loans- loans are money which can be acquired from friends or financial institutions to be paid back after some time.

The following will be members of the fast food restaurant.

1. Manager- will oversee the operations of the restaurant.

2. Chefs- will be in charge of preparation of the meals.

3. Waiters- will help in serving the food to the customers.

4. Cleaners- will help clean up the dirt in the restaurants including floors and surfaces.

References

Allen, C. (2020). Six Steps to Starting a Successful Business. Marriott Student Review, 3(4), 7.

Ryu, A. J. (2017). My most valuable learning experience: Starting a business. Surgery, 161(4),

885-886.