Hostel 1 Page Business Plan
Overview
Hostel has a clear business objective to develop Affordable hostel services. These services have been developed over 1 month with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
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
Hostel 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 Lack of quality hostel at affordable price. This is a critical issue for our selected target market of Backpackers.
The Value Proposition
Hostel is uniquely positioned to deliver value to Backpackers. "Hostel will Provide great hotel service at hostel price." In order to be deliver on this value proposition, we Our experience in hospitality and travel will bring a global experience to guests. 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 Affordable hostel market. We consider our key competitors to be: Other hostels . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Other hostels by Style, substance .
Key Strategies
Over the next 6 months, our focus will be to Advertise broadly. This task will be undertaken in the context of our broader strategy to Recover investment . 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: Achieve target revenue Become a go to destination Develop new property
About this document
Affordable hostel Business Plan
This document was created by Phuoc of Hostel using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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