Business Plan for Freroma Veg Box: Ready to Eat Vegetables Delivery
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Added on 2023/06/11
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This business plan discusses the objectives, products, market analysis, and operational plan for Freroma Veg Box, a company that delivers ready to eat vegetables. It includes PEST and SWOT analysis, marketing mix, and financial information.
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Table of Contents INTRODUCTION..........................................................................................................................3 DISCUSSION AND ANALYSIS...................................................................................................3 Type And Description Of Business Idea.....................................................................................3 Business Objectives.....................................................................................................................4 Market information......................................................................................................................4 Operational plan and strategy for growth and development of the business...............................6 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Business plan is defined as the written document that describes the full information about the new start up of business. It defines the objectives and the market analysis for achieving the desires objectives of the company.The new start up companies use the business plans to enter into the new market and also to attract the investors which will help the business to establish in the market(Sagita,and Rahayu,2019). An effective business plan includes the objectives , products and services offered by the company, marketing strategy, financial planning and budget. The present report is based on the business planthat is based on the company which provides ready to eat vegetables deliver at the door of the customers. DISCUSSION AND ANALYSIS Type And Description Of Business Idea Vegetables are staple in every household around the world. Every person prefers eating fresh and high quality vegetables and fruits but due to the work load many women are unable to manage so in that our company can help in resolving the issue by providing ready to eat vegetables and for the comfort of the people. Freroma Veg Boxis a small scale business that purchases the vegetablefrom the wholesale in bulk quantityand get it ready to eat and then deliver to the supermarkets, restaurants and hotels. Our company will be established in London. Our companywill be established with the objectives of delivering fresh and easy to eat and cook vegetables and also ensure that the product delivered is of high quality. Products and services Freroma Veg Box purchase the vegetables from farm and of high and premium quality. The vegetables will also include the organic as well as seasonal vegetable which are not available generally in the stores. The product(vegetables) will be packed in vacuum packages which will make them stay fresh for 5 days. We will offer washed , rise and cut vegetable which will be ready to be use and cook for the convenience of the customers. The motive behind vacuum packaging is that it can last long and
fresh for maximum 15 days. The company is further planning to introduce eco- friendly packaging by considering the nature and environment. Business Objectives The main purpose of Freroma Veg Box is to bring and innovative product into the market that is fresh and ready to eat and cook vegetables. The objectives of the company are : To gain enhanced sales in the London leading supermarkets To supply the products to various restaurants and capture the market according to the situations. Offer vegetable which are organically grown Support the farmers that grows organic food Provide high quality vegetables To grow the business and become market leader in the coming years. Market information PEST Analysis FactorsReasons Political factorsRules and regulation of the government that includes the hygienic factor , storing and transportation , packaging etc. Economic factorsIncrease in the income of people resulting into spending money on the fresh and ready to eat items in order to save time(Zhao, and Dou, 2019). Social factorsHealth consciousness and prefer healthy food that is ready and of high quality. Technological factorsDigitalmarketing,socialmediamarketing,developing website(Portman, et.al, 2020). SWOT analysis StrengthsWeaknesses Staff is skilledLessmarketresearchwhichcanbe
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Healthycommunicationwiththe suppliers negative aspect which can affect the company. Lack of financial funds if the company wants to expand its market. OpportunitiesThreats Focus on understanding the preferences of the customer Adopt the new environmental policies andapplyinthemanagementof company. Competitors an existing firmsin the market. Lackofproperimplementationof strategy. It is also observed that people are moving towards and adopting healthy lifestyleand food which can is provided by our company. It is also researched that people are becoming more aware about the negative impact that is having on the environment by the wastage form the factories and companies so the company is planning to use recyclable packaging products by considering and preserving the nature. Competitor analysis Basis of differenceFreroma Veg BoxClassic fresh foods Ltd ProductFresh, cut , washed and rinsed vegetables(Režek Jambrak, et.al, 2021) Fresh produce , basic , dairy and frozen goods Promoting strategyModern promotional strategyBoth traditional and Modern Pricing strategy USP Low pricing strategy Highandpremiumquality vegetables Cost structure pricing strategy High quality
STP approach Segmentation: Wide variety of customers, women(working and non- working), Restaurants and supermarkets as they requires seasonal vegetables for seasoning. Targeting: The company will target the housewives, and restaurants and hotels and target these customer by introducing the product through meetings with the management. Positioning:Build a stable position in the market by providing highqualityfood to the customers. Marketing mix Product: Ready to eat and cook fresh and organic vegetables of high quality. Price: Modern pricing strategy will be used by the company Place: Both online and offline delivery of the products Promotion: Modern methods and promoting on social media such as advertisement , Instagram etc. Operational plan and strategy for growth and development of the business Operational plan The skilled staff and labour is employed under the supervision of the managers. The vegetables are purchased , washed , rinsed properly and chopped . The staff members makes the size of packaging. The packaging is also done according to the order made by the customers. Strategy for the growth and development of the business The company will sue the market penetration strategy and try to make improvement by delivering new products related services in order to grow the business in the coming years. The firm will introduce various payments methods and also planning to shift to using recyclable products in order to reduce the negative impact on the environment. By analysing the market trends the company will add fruit selling including the vegetable selling for better customers experience and also for the growth of the company. Justification and viability of the business idea With the help of market research conducted it can be analysed that people are becoming more health conscious and prefer eating fresh vegetables and our company will fulfil it by providing the customer the product as per their requirement and at very reasonable cost and with minimum time period. Apart from this the target will be on the working women that have less
time in buying the vegetables so our company will offer the products as per the requirement of the customer. Financial information
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CONCLUSION From the above report it can be summarize that in order to start the new business start- up , the entrepreneur should have clear idea about the goals they have yo achieve and then further plan of implementing the effective business idea to start a business. The report also discussed about themission, objectives, the product and services that is offered by the company(Thabit,and Raewf,2018). The business plan is based on selling ready to eats vegetables and by Freroma Veg Box and which are packed in the vacuum packaging that helps the product to stay fresh for longer hours.The report also includes the pest analysis, SWOT analysis, marketing mix, segmentation, targeting and positioning of the product of the company. The objective of the company is to provide high and premium quality vegetables to the customers , restaurants and chef and have the goal to become one of the leading companies in UK.
REFERENCES Books and journals Portman, et.al,2020. Frost‐affected lentil (Lens culinaris M.) compositional changes through extrusion: Potential application for the food industry.Cereal Chemistry.97(4). pp.818- 826. Režek Jambrak, et.al, 2021. Internet of nonthermal food processing technologies (IoNTP): Food industry 4.0 and sustainability.Applied Sciences.11(2). p.686. Sagita, V.V. and Rahayu, W.P., 2019. Developing performance assessment-based authentic assessment of business plan subject.Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB).7(1). pp.31-46. Thabit,T.andRaewf,M.,2018.Theevaluationofmarketingmixelements:Acase study.International Journal of Social Sciences & Educational Studies.4(4). Zhao, J. and Dou, X., 2019, March. A study of British organic food market. InProceedings of the 9th International Conference on Education and Social Science, Shenyang, China(pp. 29-31).