328 1 Page Business Plan
Overview
328 has a clear business objective to develop, produce, promote and distribute Food and retail products and services. These products and services have been developed over 5 years 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
328 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 Our food will give customers a chance to experience several dishes popular around the world. Some of these dishes will be a rare find and we will be one of if not the only place to get certain meals from. Our retail department will have employees that are trained and hired as stylists. This will be able to provide customers with opinions as well as have personal outfits created just for them by the best employees you can find in an average retail store. They will also be able to be a one stop shop with our tailoring department. Our private, adults only hookah lounge will satisfy the customers need to get a fine dining meal while smoking. Many hookah lounges do not have high quality meals or drinks. We will dominate that market with our incentives as well as our services.. This is a critical issue for our selected target market of Stylish, foodies, smokers, millennials.
The Value Proposition
328 is uniquely positioned to deliver value to Stylish, foodies, smokers, millennials. "328 will To provide a luxurious services in modern the food, fashion and smoking industry.." In order to be deliver on this value proposition, we Our unique ability to bring multiple services under one roof in a relaxed yet opulent way. We have found a way to be family friendly and maintain an oasis strictly for adults.. 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 Food and retail market. We consider our key competitors to be: Malls. . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Malls. by Unique twist on food and retail under one roof and the very special position of an adults only lounge..
Key Strategies
Over the next 6 months our focus will be to Network, collaboration, higher chefs, stylists, accountants, promo teams, provide incentives to create a large customer base.. This task will be undertaken in the context of our broader strategy to Continue to revamp our food, retail and lounge to be modern and ahead of its time. We will provide even more incentives and have events with guests that customers want to see and also giving customers deals that will make them want to come back and spread our name.. 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: Finding investors Open a physical business Getting past the first two years
About this document
Food and retail Business Plan
This document was created by Jaren of 328 using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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