1 BUISNESS PLAN The presentation gives a brief overview regarding the complete business plan for a startup entrepreneurshipinAustraliapertainingtosellingsnacksthroughvendingmachinesand operating s a twenty four seven snacking corner for the pedestrians. The First slide gives a brief over view regarding the true nature and scope of this business in the market structure present in Australia. . A vending machine business is considered as a retail business operation which does not demand a face to face interaction and can also operate twenty four into seven (Blust & Driscoll, 2017). The most attractive aspect of this business is that operating a vending machine business would not demand any kind of expertise or specialization on this ground. The Second slide intends to explain: Project Problem and Opportunity: the project problem that this business aims to answer is providing pocket friendly and variety of snacks within a minute or two and that too make it available all day and night to the customers to beat the snack stores be it in the pricing strategy or in available variety. Thus this opportunity involves a much lesser investment and much high profit margins. Target audience requirement-Easy availability of snacks, at pocket friendly cost Objectives-smart business solution, easy availability of product and improving lifestyle of customers. The next slide deals with analyzing the marketing and promotional aspect of the business as it is a crucial component when it comes to generating revenue and Social media seems to be the
2 BUISNESS PLAN most lucrative medium of communication with the intent of drawing in more teenage population and increasing their foot fall. The slide also discusses about the entrepreneur skills of the whole team as initiating a new business idea and successfully implementing the same requires a lot of well coordinated and strategic planning (Martin, McNally and Kay, 2013). Finally the presentation gives a brief overview about how Quick Bites will help align the business goals with social goals and promote sustainable development by helping the poor and needy by giving them free food and donating significant part of their revenue for their welfare. “Quick bites” realizes and agrees on the notion that any business to survive and earn profits must substantially give back and serve for the greater good of the society. Therefore it emphasizes on developing healthy snacking habits as well as assisting the less fortunate for building a better society.
3 BUISNESS PLAN References: Blust, D., & Driscoll, T. (2017). U.S. Patent No. 9,646,451. Washington, DC: U.S. Patent and Trademark Office. Martin, B.C., McNally, J.J. and Kay, M.J., 2013. Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes. Journal of business venturing, 28(2), pp.211-224.