New venture creation Report 2022

New venture creation 1
NEW VENTURE CREATION
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Table of Contents
1. Introduction........................................................................................................................3
2. Value proposition...............................................................................................................3
2.1. Health Services industry..............................................................................................4
2.1.1. Products and services...........................................................................................4
2.1.2. Pain Relievers.......................................................................................................5
2.1.3. Gain Creators.......................................................................................................6
3. Conclusion..........................................................................................................................7
4. Recommendations..............................................................................................................8
5. References..........................................................................................................................9

1. Introduction
On selected health indicators, Australia gets better results than many other
comparable countries. Half the population, however, is suffering from at least one chronic
condition (IBISWorld, 2020). Therefore, growing demand in health care industry has largely
influenced revenue growth of bsuinesses, and rise in inflation due to high program and
schedule fees. In this context, the aim of this report is to establish a value proposition for a
new XYZ venture in the health service industry to save time, effort and money of people, and
to proide them best nutritious products. This aims at explicitly identifying consumer needs
and concerns through desk research and potential customer surveys, possible solutions
available, targeted market segments, and characteristics of potential early adopters. This also
aims to deliver a message highlighting a clear value proposition. In summary, this report
aims at discussing the connection between providing products and services to pain relievers
and gaining creators. This study primarily aims to include some practical
recommendations based on the conclusions drawn from the research and evaluation.
2. Value proposition
A value proposition in its most simple form is a synopsis of how the company’s
product or service helps its customers. It is about identifying the unique benefit that a
company delivers its customers when opposed to other marketplace rivals (NCBI, 2016). A
value proposition of a product needs to appeal to its customers. Value proposition is how the
brand or company addresses a specific point of suffering, boosts the lifestyles of the target
audience, and how it makes them feel. A value proposition must be consumer-centric, which
means concentrating on what consumers need and not what the company is selling. Relevant,
pain-focused and unique should be a persuasive value proposition. It allows prospective
customers to grasp the product or service of a company easily, offers a great competitive