Read the following case and answer the questions below:

Rami is an ambitious chef who has been working for a famous restaurant for 10 years. He always dreamed of having his own business, and he has been saving for several years to realize this dream. So far, he has saved enough to start a business, and he has two options to invest his savings: 1) buying an existing business, or 2) starting a new business, specifically a burger shop. However, Rami does not know much about entrepreneurship, so he contacted you to ask for your advice because you have been studying entrepreneurship at JIC.

Rami is writing a business plan for a burger shop, and he needs your advice on how to make his business plan good. Can you give him two general tips on how to make his business plan better?

To open his burger shop, Ramis needs to get a loan from the bank. He will present the bank with his business plan, but he is unsure if it has all the information the bank needs. What are the five elements you advice Rami to include in his business plan which the bank will look for?

Rami got the loan he needed and opened his burger shop. One year later he asks you to help him in identifying the core competency of his business. What would you tell him?

In his burger shop, Rami offers unique and tasty burgers with fresh ingredients. Unlike other burger shops, Rami imports the meat from Canada, which makes his burger slightly more expensive. He wants to formulate a strategy for his burger shop, so he needs your help. What is the best strategic option for Ramis burger shop given the information above?