420 Roundtable 1 Page Business Plan
Overview
420 Roundtable has a clear business objective to develop Medicated & Recreational rolling papers products. These products have been developed over 8months 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 launch a new product. Whilst our existing products have been useful for testing the customer problem, new products are required to fully capitalise on our business potential. Our growth path is clearly oriented around the addition of new products, the development of these new products and the subsequent marketing of these. It is understood that costs will be associated with product development and marketing and these have been allowed for in our budget.
The Customer
420 Roundtable 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 It eliminate the need to purchase cigars to be cut or split in order to fill the cigars with medicinal Marijuana. Our medicated or recreational rolling papers also provide more medicine for the consumer to intake.. This is a critical issue for our selected target market of Medicinal Marijuana patients & Recreational users.
The Value Proposition
420 Roundtable is uniquely positioned to deliver value to Medicinal Marijuana patients & Recreational users. "420 Roundtable will Provide clean medicated papers that delivers requiring customers daily.." In order to be deliver on this value proposition, our unique rolling papers are like no other. Historical 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 Medicated & Recreational rolling papers market. We consider our key competitors to be: Raw papers and a few smaller companies are selling similar papers but none are infused papers . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Raw papers and a few smaller companies are selling similar papers but none are infused papers by Our key advantage is the ability to lease the production of our rolling papers to a already seasoned tobacco manufacturer .
Key Strategies
Over the next 6 months our focus will be to Lease our medicated & Recreational rolling papers to manufacturers . This task will be undertaken in the context of our broader strategy to Move to next product launch. 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: Two million dollars Leased to manufacturers Expand to all medical Marijuana states
About this document
Medicated & Recreational rolling papers Business Plan
This document was created by Paul of 420 Roundtable using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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