Five spice bistro 1 Page Business Plan
Overview
Five spice bistro has a clear business objective to produce Chinese food and drinks products and services. These products and services have been developed over 1 year 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 profitability. It is critical that we balance revenue growth with the growth in our cost base. Whilst the desire for profitable growth may constrain our growth rate, it is more important that revenue growth in isolation.
The Customer
Five spice bistro 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 Good local Chinese good. This is a critical issue for our selected target market of Middle class households.
The Value Proposition
Five spice bistro is uniquely positioned to deliver value to Middle class households. "Five spice bistro will Delicious Chinese food." In order to be deliver on this value proposition, we Best cooking.. 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 Chinese food and drinks market. We consider our key competitors to be: Chopsticks, worse food, out of date and kitschy vibe. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Chopsticks, worse food, out of date and kitschy vibe by Better food, better marketability to target audience
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Key Strategies
Over the next 6 months our focus will be to Double customer amount
< br />. This task will be undertaken in the context of our broader strategy to Fill to capacity. 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: Favorable review Serve a dinner to capacity Hire 2 cooks
About this document
Chinese food and drinks Business Plan
This document was created by Kyle of Five spice bistro using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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