Flash Fancies 1 Page Business Plan
Overview
Flash Fancies has a clear business objective to develop, produce, promote and distribute Beads accessories products. These products have been developed over 1 month with a core focus on addressing the key customer problem and associated opportunities. We will provide numerous designs so customers would not have to stick to boring metallic designs and we will make them as affordable as possible. We will also do our best to create non selective ornaments.
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 acquire new customers. Customer acquisition is considered to be the critical activity and we are seeking to grow the number of customers. We understand that customer growth could be at the expense of profitability, and that there is a cost associated with customer acquisition. Our long term objective is to build a clear customer acquisition process.
The Customer
Flash Fancies 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 Provide beads accessories at the cheapest price possible. This is a critical issue for our selected target market of Women.
The Value Proposition
Flash Fancies is uniquely positioned to deliver value to Women. "Flash Fancies will Make available beads that will make our customers feel good about themselves." In order to deliver on this value proposition, we have specialists in our workshops who design and produce the very best wares. We also have a clear business plan and nice organizational structure also a clear understanding of what our customers need. 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 Beads accessories market. We consider our key competitors to be: Gold accessories sellers, and non organized market sellers of beads accessories. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Gold accessories sellers, by keying in on design possibilities for beads makers that there isn't for metal jewelry makers.
Key Strategies
Over the next 6 months our focus will be to Appoint marketers . This task will be undertaken in the context of our broader strategy to Get an offline store . 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: Obtain reasonable number of customers, get an offline store and get a website and mobile app for easy access and shopping for customers.
About this document
Beads accessories Business Plan
This document was created by Chima of Flash Fancies using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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