This presentation provides a detailed business plan for 'Drink and Delight', a healthy organic drink company in London. It includes an overview of the business, marketing mix and STP analysis, evaluation of the business environment, financial projections, and conclusion.
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Table of content Introduction Overview of business Marketing mix and STP analysis Why business idea is investable and Competitors analysis Evaluation of business environment Financial projections Conclusion References
Introduction Business plan can be explained as a written document which describes detailed overview of starting a business by evaluating its objectives and for achievement of decided goals. It is an essential document for the purpose of attracting investment for starting a venture. Business plan contains business goals, its achievement methods, and time frame.
Executive Summary Idea is to provide healthy drinking alternative to customers as trend of people towards adopting a healthy lifestyle is increasing nowadays. Hence, focus is on staring a small venture which provides organic drink to its customers. Entity is named as 'Drink and Delight'. Company overview: 'Drink and Delight' serves in a food and beverage sector as it is a organic drink company which is to be situated in London, United Kingdom. 10 people are employed in an organization and it provides operations in a local area of London. Overview of business
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Marketing mix and STP analysis Marketing mix can be indicated as a set of action plan or tactics which is utilised by a company for the purpose of promoting its brand image or products in a market. Marketing mix of 'Drink and Delight' is explained below: Product: Price Place Promotion STP analysis is a technique of strategic marketing which is applied in a business for identification of profitable segment with the motive of targeting potential customers that leads top increment in profitability of an organization and ensuring effective market recognition Following is a STP analysis for 'Drink and Delight': Segmentation Targeting Positioning
Why business idea is investable and Competitors analysis Business idea of 'Drink and Delight' is investible because people are becoming more aware about their health nowadays. Hence, it serves as an opportunity for company to fulfil demand of healthy products of customers and earn high profit. Competitor analysisrefers to assessment of strengths as well as weakness of current or potential competitors. Porter's 5 forces porter's five forces is a framework of business analysis which helps in identifying various factors of competitive industries that enables managers of an organization in formulating efficient strategies for improving sustainability and profitability of business in long run.
Evaluation of business environment PESTLE Analysis:PESTEL represents Political, Economics, Social, Technological, Environmental and Legal factors. Political Economics Social Technology Environmental Legal
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Financial projections PARTICULARSAMOUNT (in £) Salaries10000 Administration expenses8000 Marketing expenses10000 Rent5000 Research and development cost15000 Maintenance cost2000 Total50000
Conclusion Above report concludes that document of a business plan can be stated as a road map which provides direction for business. This fundamental document is required to be evaluation before starting of business operations. It serves as a key for securing of financing for an enterprise, documentation of business model, financial projection outlining and initiating operations of a firm.
References Ayodya, W., 2016.Business Plan Usaha Kuliner Skala UMKM. Elex Media Komputindo. Cardozo, M., 2018.Specialty smoothie bar business plan(Doctoral dissertation, California State University, Northridge).