Munson's Fine Woodcrafting 1 Page Business Plan
Overview
Munson's Fine Woodcrafting has a clear business objective to develop, produce, promote and distribute Custom quality wood products products and services. These products and services have been developed over 1 month with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to grow revenue. Rapid revenue growth is considered the most critical and measurable business goal. At this stage of our development, we consider this to be more important than profitability growth, although both are important long term objectives.
The Customer
Munson's Fine Woodcrafting has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Need for quality craftsmanship and fine woodwork. This is a critical issue for our selected target market of Middle to upper middle class.
The Value Proposition
Munson's Fine Woodcrafting is uniquely positioned to deliver value to Middle to upper middle class. "Munson's Fine Woodcrafting will Provide a fine quality wood products that are heirloom and durable strong products that our grandfathers had." In order to be deliver on this value proposition, we My unique wood science and wood production background along with most woodworking machinery needed allows for quick and efficient startup and detailed production abilities.. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Custom quality wood products market. We consider our key competitors to be: Stickley furniture
. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Stickley furniture
by They only do furniture and are slowing down .
Key Strategies
Over the next 6 months our focus will be to Start by making prototype products and then finding what sells thru an eBay stores account. Sell those products while generating sales contacts for high end quality wood products with higher margin potential. . This task will be undertaken in the context of our broader strategy to Produce and sell $50000 worth of goods and services. . These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Make 10 items to sell sell 5 of the 10 make $10000 in profit
About this document
Custom quality wood products Business Plan
This document was created by Jake of Munson's Fine Woodcrafting using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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