Business Plan for Organic Coffee, Juices and Sandwiches - Desklib
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This business plan outlines a plan for organic coffee, juices and sandwiches which aims to provide healthy life to the people. It includes executive summary, business description, STP approach, market analysis, marketing mix, financial planning and budget for the proposed idea.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK..............................................................................................................................................3 Executive Summary................................................................................................................3 Business description...............................................................................................................3 STP Approach........................................................................................................................4 Market analysis.......................................................................................................................4 Marketing mix........................................................................................................................6 Financial planning..................................................................................................................7 Budget.....................................................................................................................................7 CONCLUSION...............................................................................................................................8 REFERNCES:..................................................................................................................................9 Books and Journals:................................................................................................................9
INTRODUCTION Business plan refers to a written document which involves objectives and aims of organisation along with tactics and plans that will be beneficial for attaining such goals of business. There are various aspects that must be outlined in the business plan such as marketing, operational and financial which deliver growth potential of certain idea of business (Cerdeira, 2018). The report outlines a business plan for organic coffee, juices and sandwiches which aims to provide healthy life to the people. The following plan for business involves various aspects such as executive summary, details about the product and services, market analysis, market tactics, financial planning and budget for the proposed idea. TASK Executive Summary The business plan which is a written document that supports company to fulfil its aims and goals while providing a range of strategies which is helpful to analyse the market and industry. Marketing mix is essential for the business which focuses on various areas in order to promote a product and service. It is a set of actions or strategies that is useful for the business in order to reach out its potential customers (Klante and Thiex, 2020). The financial planning will help the company to carry out its business activities in a predetermined budget. Business description The Business plan is prepare for the“Nature Care Company”which aims to provide organic and healthy food products to its customers such as coffee, sandwiches and juices. This mission for the business idea related with organic food products is “to help sustainable, nature, agriculture and organic practices that serve and secure the nature”. The vision of the company is to launch a different and successful model of business which is integrated and committed to services and benefits all. The objective of business is to provide natural, sustainable and organic food products to improve the livelihood of the people and protect the mother nature. The company offers a range of food products with varieties of taste to its customers. The main focus of the company is protect the nature and make people to conscious about their health. It provide various organic products such as green coffee, vegetable sandwiches, fresh juices with varieties of flavours such as orange, green apple, apple, pineapple, mango, beetroot and many
more. All such products are made from organic ingredients such as organic spices, organic oils, utensils. Food also serves in organic crockeries through which a customer can easily enjoy their food and also delighted which touches their soul (Mistry, 2019). STP Approach IIt is an acronym for segmentation, targeting and positioning(Setiawan, Wibowo and Susilo, 2017). STP model will help the company to analyse the products and services and the way of communicate their strong points to certain customer segments. Segmentation:The main aim of segmentation is to develop several segment of customer depends on the certain criteria and features that the company select.Demographic factors:It is based on gender, occupation, education level, age and many more. Nature care is focusing on the all age group persons who likely to enjoy organic dishes.Psychographic segmentation:It involves hobbies, interests, lifestyle, opinions and so on. The Nature Care will focus on those customers who are health conscious and particular about their health.Geographic segmentation:The company segment their customers on the basis of region, country, state and many more. Nature care will explore domestic market only.Targeting:In this approach, the firm focus on the market which have potential to develop desired conversions. Nature Care must focus on a large customer segment through which they can enhance the customer base and deliver more products in the group. It will also target all age group and make appropriate efforts to reach them. Positioning:This is the final step in which the company out-stands their products and services from the competitors in the minds of target customer(Surkov, 2020). Nature care can position itself by improving the brand image, solving customer issues and facilitate them with genuine goodness . Market analysis Porter's five forces model: This is a strategic tool of the company which is used to analyse the different competitive forces in the market. These are the five forces of the company which affects the business. It is very vital and essential to know and understand the competitive forces of the company which is
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present in the industry. This will to analyse the market. The market analysis of the Nature Care Company is discussed below:Bargaining power of the consumers:It is one of the strong force of the industry that affects the business. It refers to the ability that consumers have to drive prices to down. The company will be affected by how the consumer, a firm has, as well as how important and valuable a customer is.It would cost a firm to attract new customer towards brand and markets for its products (Muluk, Danar and Rahmawati,2019). In case of Nature Care Company, if the company is having smaller and more powerful customer base that means a customer has high power to bargain or negotiate with the deal in order to get better deals.Bargaining power of suppliers:This force in the market analysis shows how suppliers can drive up the prices of raw materials. The company is affected by the amount of suppliers of main raw materials, that how these are different and unique to the company as well as how much it cost to the organisation so that can decide to switch to next supplier or not. If the industry is having less suppliers then the dependency of the company is high and the bargaining power of suppliers is also high which could rise the cost of product or lower down the profits of the business. While, on the other side, if the suppliers are more in the market then the bargaining power of the company is high to moderate.Competition:This forces in the market analysis defines the number of competition and their ability to undercut the organisation. If the market has number of competition which serves similar food and services can rise the competition in the market. It could affect the business (Pino Sales, 2020). There are various companies in the industry which are offering organic food and focused on the sustainability such as Planet Organic, Farmdrop and many more.Threat of substitution:These are the forces which emphasis on the alternatives of good and services which is offered by the companies in the same market. Organisations which produces products and services for which there is zero alternatives will gain more power in the industry to rise the prices on goods and lock in favourable terms. But, when close alternatives are available in the market then there are more options for the customers to switch the brand. It is very essential for the Nature Care Company to produces products
which have no close substitutions in the market so that customers have lesser or no choice to switch the brand. New entrants:The last force in the market analysis is the new comers in the market. A market which has strong barriers to enter will be favourable for the existing companies. It requires sufficient time, investment and experience to win the market (Ponjoan Jiménez- ridruejo, 2018). Hence, for the Nature Care Company, it will be less threatening. Marketing mix Marketing mix encompasses various areas to concentrate as part of a broad marketing plan. It included classification of various elements such as product, price, promotion, physical evidence, people and process. In context of Nature Care Company, the following is the marketing mix of the company:Product:It is the most crucial element of the business in which goods and services are offered by the firm that helps to meet the requirements of target customers. Nature Care can develop its products in a unique way that attracts the customer to buy and consume its organic products. It is essential for the company to differentiate it from the rivalries can be promoted in conjunction with it.Price:This factor is sensitive to the company which signifies the sale of product and services and which also shows what customers are ready and willing to pay for it. Marketingteamofthecompanyshouldconductaproperresearch,analysethe manufacturing costs, distribution and marketing costs and then set a prices according to them. It must be quite impressive that a customer must ready to pay and which helps to generate profits for the company.Place:This refers to a location or a place where the consumer can consume, access and buy the product and services. This consists transport, distribution centres, warehousing, distribution centres, franchises and inventory decisions. Nature Care provides its services and products on both online and offline platforms so the consumer can easily access and consume.Promotion:Directmarketing,advertisingandsalespromotion.Internetads,TV commercials, trade fairs, catalogs, billboards and many more(Sagita and Rahayu, 2019). Even it can include the ads on top of the cabs or auto. This may also involve public relations such as ongoing relationship with the press. Nature care use TV commercials
and online marketing through which they can convey the message of new launching as well as its services. The word of mouth publicity will also beneficial to the Nature Care.People:It includes employees, workers, labour or anyone who interact directly or indirectly with consumers such as delivery person or customer service executive. It also involves employees hiring and training. As the Nature Care is a new business, it is necessary for them to hire skilled employees andprovide them appropriate training so that they improve their skills in order to serve better.Physical evidence:It relates to any tangible thing in which service is takes place. It may include delivery receipts, product packaging,layout of the physical store or signage. Nature Care store must focus on the layout of their physical store which attracts the customer and which reflects the motive of business(Sanders). They must include green in their interior and so on. Process:Anything within the company that has an significant impact on how a service or product is managed by the workers and distributed to the customers. It is important for the Nature Care to exploit resourceful process in the business so that they can deliver the products and services in the time. Financial planning In case of Nature Care Company, there are various sources of funding which could help in financial planning. Some of them are as follows: Venture Capital:This refers to a kind of private equity funding provided by venture capital companies to finance organisations which facilitate high potential for growth. It can facilitate the finance to the company and expertise through it could help in building the successful business organisation (Saengchan, 2018). Crowdfunding:This kind of funding consists taking small amounts of capital from a large amount of buyers to source the company. It will support in securing the funds for initial investment needed in developing the application. Budget ParticularsCalculationAmount Sales£50*200£10000 Less: variable cost£3*200£600
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ContributionSales-variable cost£9400 Less: fixed cost£1500 Less: estimated cost of sales£10*200£2000 Net profit£5900 CONCLUSION It is summarized from the above report is that with a purpose to construct a successful business idea into practicable business plan, there are various aspects which needs to be taken into consideration. The report is covered with market analysis which includes five forces that affect the business. The marketing mix is a significant tool to focus on various areas in order to commercialize a product in the market. Moreover, the business plan also consists with sources of finances and budget which could help to run activities accordingly.
REFERNCES: Books and Journals: Cerdeira, S., 2018. The business plan in the context of corporate entrepreneurship: a literature review.Notas Económicas, (46), pp.99-115. Klante, M. and Thiex, M. A., 2020. The Role of Business Plan Competitions and Start-up Success Drivers in New Venture Development. Mistry, E. B., 2019.Erudio EdTech Consulting Business Plan: An Organization Development- influenced Plan(Doctoral dissertation, The College of St. Scholastica). Muluk, M. R. K., Danar, O. R. and Rahmawati, L., 2019. Community Participation and Development Planning in Local Government Level: A Study on the Formulation of Batu CityMedium-TermDevelopmentPlan.BISNIS&BIROKRASI:JurnalIlmu Administrasi dan Organisasi,26(3), p.1. Pino Sales, R., 2020. Futdream business plan. Ponjoan Jiménez-ridruejo, A., 2018.BibApp, Creation and development of a business plan and designofanapplicationforlibrariesoccupancy(Bachelor'sthesis,Universitat Politècnica de Catalunya). Saengchan, S., 2018.The business plan development for formulating strategy for business success of decem frozen roti of the small and micro community enterprise of moslim food legend Ban Taladkaew Nonthaburi(Doctoral dissertation). Sagita, V. V. and Rahayu, W. P., 2019. Developing performance assessment-based authentic assessmentofbusinessplansubject.JurnalPendidikanEkonomiDanBisnis (JPEB),7(1), pp.31-46. SandersM.DevelopmentofBusinessPlanforaNon-ProfitServingtheDisabled Community(Doctoral dissertation, California State University, Northridge). Setiawan, A., Wibowo, A. and Susilo, A. H., 2017, August. Risk analysis on the development of abusinesscontinuityplan.In20174thInternationalConferenceonComputer Applications and Information Processing Technology (CAIPT)(pp. 1-4). IEEE. Surkov, N. O., 2020. Development of a business plan for an investment project for organization production of compressed air as a commodity product at «Instrument-Resource» LLC: thesis annotation/Surkov Nikita Olegovich; School of Business of BSU, Department of International Business; Sc. S: Sadovskaya JY.