VeggieHealth: Analytical Report/Business Plan for Startup Venture

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Added on  2022/12/27

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This report details the business plan for VeggieHealth, a startup focused on providing healthy food options and wellness services through a mobile application. The plan includes a business summary outlining the 'who, what, where, when, and how' of the venture, emphasizing the growing market for health-conscious consumers. It describes the core product—a mobile app offering customized diet charts, health tracking, and organic vegetable delivery. The report outlines immediate and future business aims, including expanding the customer base and potentially providing job opportunities. It specifies the seed capital required and the roles and responsibilities of team members. The report analyzes the target market, competitive advantages, and market research findings, including primary research through questionnaires and secondary research on existing delivery services. A competitor analysis is also included to highlight VeggieHealth's unique selling points and strategies for market penetration.
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TPP, Analytical
Report/Business Plan
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Table of Contents
INTRODUCTION...........................................................................................................................1
1.1 Business summary: Please write business outline. (who, what, where, When and how) ...2
1.2 Describe your core product or service:.................................................................................2
1.3 Your immediate and future business aims:...........................................................................3
1.4 Please state the amount of seed capital required and partner investment : (Up to a
maximum of £40,000).................................................................................................................3
2.1 Professional team skills: (Outline individual team members transferable and professional
skills as per your current CVs only). ..........................................................................................3
2.2 Each team member’s roles and responsibilities:...................................................................4
2.3. Identify your company’s skill gaps, then chose one role and create an advert with the
skills required and their roles and responsibilities. ....................................................................5
3.1 Describe your target market profile and where are your proposed customers based:..........6
3.2 Describe your perceived competitive advantage/USP:.........................................................6
4.1 Explain your market research with references, Using primary and secondary research......8
4.2 Competitor analysis...............................................................................................................9
REFERENCES..............................................................................................................................19
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INTRODUCTION
Business planning takes place when key stakeholders in an organisational sit down and
flesh out all the goals, strategies and actions are taking to assure about the organisation survival
and growth. This plan focus on the general requirement to start and operate business successfully
and consist of profits but it also goes beyond that. It supports an entrepreneur to develop an
outline and conduct business activities smoothly. There is providing three scenarios for this
report and Scenario B is selected to complete his report. In this scenario develop a new business
plan for start up and will be pitched to government for taking a loan of 4000. This amount is
using for capital activities and contribute by partners.
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Section One
Scenario B:
Business Overview
1.1 Business summary: Please write business outline. (who, what, where,
When and how)
In present time every people wants to healthy life and eating healthy to reduce disease.
Due to fast paced lifestyle do not focus on their life style that become reason of big disease in
children and others. As a result people become aware for diets and doing exercise and follow up
from doctor. Decrease immunity become reason of infections like one presented by COVID 19
and this COVID 19 evoked lock down has made them realise importance of keeping their fitness
level high or more. Today young and children are most friendly with their smart phones and
spends most of the times on phones. Due to enhance trends in regard of fitness and health level
high among the public and usage of the mobile phone provides an opportunity to set up as a
business model (Kitahara and Katoh, 2019).
This project based on new start up for developing and introducing new application named
VeggieHealth. This app provide suggestions to people in regard of their diet that based on
weight, height and fitness goals and supply fresh and organic vegetables to people on same day.
1.2 Describe your core product or service:
It is providing various services to people such as, customised diet chart, animated videos
for laughing therapy, daily tracking steps and any other physical activity done by people. Along
with this application provide other facility that will be chargeable like health food dishes, fresh
vegetables, proper diet chart for unhealthy people who are facing major disease, suggestions
from doctors, calories tracking, personal trainers and many others will also be provided. For the
subscription require to registered number and follow a simple procedure.
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1.3 Your immediate and future business aims:
Future business aims to cover large customer base and increase immunity system of
people by health tips. Along with start a small business by providing required skills to search job
in a business entity so that they can earn their livelihood and live a normal life.
1.4 Please state the amount of seed capital required and partner
investment : (Up to a maximum of £40,000)
Amount of seed capital £40,000 used for designing app and promote at large level. Along
with giving immediate payment to site developer and advertising of application to achieve goals
of business.
Section Two
Management structure.
2.1 Professional team skills: (Outline individual team members transferrable
and professional skills as per your current CVs only).
Management structure defined about business activities and set their hierarchy. Proposed
organisation conduct their business activities in digital manner that wants to set effective
structure to attract customers in regard of their business and cover large market area. This
venture is established in partnership in between Mr Chang and Mr. John who are IT developer
engineer and aware about the health disease. To effectively run business activities require to
more staff members who are playing their role effectively (Roque, Lafraire and Auvray, 2020).
Veggie Health is an application designed with a motive is track health,provide diet
suggestion to the public supplying fresh and good quality vegetables to the consumer,to make
them fit. The main aim of marketing department is to make people aware and an promote the
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application. For this the marketers must have high convincing power and they are goo at
speaking in the public in well manner so that they can attract more users towards their app. They
focus more towards the youngsters and target them as they are much conscious for their heath
and fitness. The finance department need to give greeting cards to their user while transacting the
amounts so that they can feel reliable.
Human resources department needs to select talented employees, so that they have
required skills and does not involve huge cost in their training and evaluate their performance so
that employees can add on something innovative to make application more useful (Li and Ekici,
2018).
2.2 Each team member’s roles and responsibilities:
Marketing team member:
marketing team need to discuss every issues faced by them in daily basis ad must ensure
they get proper solution.
The need to maintain co-ordination between marketing and finance department as they
get fund from them only to perform their duties.
They need to give suggestions so that they can be used to increase their users for the
application and maximize profits and accomplished the objectives (Sarma, 2017).
Finance team member:
The major responsibility is to plan a budget for the activities which is t be conducted in
the company.
The role of finance team is to utilise the resource in proper manner and reduce their waste
to use them for long term.
Manage the cost by dividing the fund in each department as per the requirement.
Record details of every transaction daily and report to their superiors.
Human Resource team member:
Handles the conflicts which are arising between the departments or among employees at
same level.
Increase their morale by motivating them to increase the work efficiency.
Give timely training and development sessions to their employees and focus on career
growth of employee (Belyk and Brown, 2016).
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2.3. Identify your company’s skill gaps, then chose one role and
create an advert with the skills required and their roles and
responsibilities.
VeggieHealth has good team in which identify skill gap in between different team
members so for this hiring a manager that provide long term services and reduce gap effectively.
For this advertisements with the skills and their roles & responsibilities (Ögçe and Ak, 2018).
Advertisement For Hiring Manager
There is a vacancy for the post of general manager at Veggie Health. The roles and
responsibility of manager that manage different member in a team and circulate work them as
per the skills and requirement. Candidate must possess excellent communication, team handling
skills and must have experience more than 6 years. Interested people can apply at
VeggieHealthHR@gmail.com on or before March 31, 2021.
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Section Three
The market/customer profile.
3.1 Describe your target market profile and where are your
proposed customers based:
In this section include those people which are targeted by business entity. Target market
for the VeggieHealth is not selected any type of group of people and also do not consider age,
group or geographical boundaries. Therefore, mainly geographical limitations would be there for
near by expert and physiotherapies contact details that would use to cover large market area in
business that would expand across Australia. There is targeting every type of people who wants
to live healthy life and wants to stay health for longer time period. Target customers would be
that people who are look out diet charts as per the health and conciseness in regard of food so
this app will help to follow a proper diet. Along with, such people are user for only till the time
either their goals is not accomplished and do not found any better dietician who is providing
better services in regard of health (Vergeer and Mulder, 2019). Along with through this app get
all the food items on this application with proper suggestions. Mainly people use this app when
they wants to stay fit or they have not found a better service and they switch. Thus, business shall
aim to keep them hooked for lengthy period of time.
3.2 Describe your perceived competitive advantage/USP:
There are identified different health based app in the market that provide various
guidelines in regard of health and provide diet charts. It is one step solutions that is based on
different activities. This application would be set up by the owner in friendly manner in which
interface with customers in any age group would be capable to navigate effectively either by
reading/hearing directions and analysis various animations pictures. It is mainly based on the
salient features in which app that everything would be having clear image/audio instructions so
that even hearing or visual impaired users can be able to enjoy it. Therefore, there is requiring to
follow all the instructions effectively and would be available in different languages with proper
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actions. As a result it supports business to get success in business operations and will be updated
with special concentration towards data privacy and security (Korteweg, 2016).
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Section Four
Marketing
4.1 Explain your market research with references, Using primary and
secondary research.
Provide a questionnaire with 5 suitable questions and state the objective of
said questions.
Market research has been conducted in two forms – primary and secondary. For primary
research, marketing department has produced a questionnaire which was made to be filled by 30
respondents of the potential market to assess viability of the business idea.
Questionnaire
Particulars Frequency
1. Do you believe you need to make a change in your food habits due to
Covid-19?
a. Yes 22
b. No 8
2. If given a chance, what would you prefer:
a. Fresh and organic vegetables available at doorstep 16
b. Fresh vegetables available at supermarkets 14
3. Do you think the digital business idea to provide fresh and organic
vegetables at door step is viable and sustainable?
a. Yes 14
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b. No 5
c. Maybe 11
4. How comfortable are you to pay a slightly higher price than regular for
fresh and organic vegetables at door step?
a. OK 16
b. Not OK 9
c. Have not given a thought 5
5. What all features would you like to see in the application?
a. Option to choose market to get vegetables delivered from 11
b. Customised diet chart 6
c. Physical activities tracking 4
d. Other customised requirements 9
As part of secondary research, it was found that there are few delivery businesses in the
area that provide fresh vegetables (The best fruit and veg boxes you can get delivered in London,
2021). However, none of them was providing as much options under one platform that
VeggieHealth will be offering (Kim, Por and Yang, 2017).
4.2 Competitor analysis
(Based on your market research, analyse two key competitors and
explain how your business will compete with them) (You may
consider a SWOT here)
There are considering those apps who are providing same facilities to people. Most of
them have oner or two related services but no one business can offer exactly same facilities to
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their customers. Thus, business requires to concentrate on its USP to take existing and future
competitors.
Strength Weakness
The main strength of business is providing
services in lower cost as compare of other
application and provide return policy of
vegetables.
It is newly business in which people do not
easily trust on different activities.
Opportunities Threat
Presently people become health conciseness so
they want to health tips and want to loss their
weight effectively.
In the market face lot of competition because
most of the people provide these types of
services.
4.3 Marketing strategy
(In support of your business social media campaign, describe your
marketing and branding strategy, with reference to researched
materials. Identify the most appropriate strategies, (You may
consider a 4 or 7ps etc. )
To operate business activities proper require to apply effective marketing strategy to
promote their products while keeping content marketing as basis. For the promotion of products
require to select effective social media platforms such as, Twitter, Instagram, Facebook etc.
Business can also coordinate with social media influencers on You tube, Instagram to advertise
of their products & services. Moreover interesting technology such as, Gamification, Chatbot use
for advertisement. Here is conducting marketing mix for proper marketing strategies such as:
Product: VeggieHealth provide different types of fruits, vegetables and healthy food
dishes. Along with it provide various services like healthy tops and exercise to different
clients.
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