The worm machine 1 Page Business Plan
Overview
The worm machine has a clear business objective to produce Worms products. These products have been developed over 1 week with a core focus on addressing the key customer problem and associated opportunities.
The Business Objectives
When as a key component of our growth strategy we consider it critical to identify and outline our business objectives, and align these objectives with clear and measurable development milestones. Our key long term business objective is to grow revenue. Rapid revenue growth is considered the most critical and measurable business goal. At this stage of our development, we consider this to be more important than profitability growth, although both are important long term objectives.
The Customer
The worm machine has been created with a clear focus on the needs of our customers. Through a structured customer discovery process, we have validated the key customer problem as Finding enough customers.. This is a critical issue for our selected target market of Fishing and gardening.
The Value Proposition
The worm machine is uniquely positioned to deliver value to Fishing and gardening. "The worm machine will Find multiple clients to spread word of mouth.." In order to be deliver on this value proposition, we It is local and organic. Small but insightful with a wide range of capabilities. This capability has taken considerable time and resources to develop and forms the cornerstone of our competitive advantage.
Competitors
We have a number of competitors within the Worms market. We consider our key competitors to be: Large box growers. . Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with Large box growers. by I'm young and energetic. .
Key Strategies
Over the next 6 months our focus will be to Find a profitable market. Grow my product.. This task will be undertaken in the context of our broader strategy to Expand to more worms. Launch a website and initiate sales. Market to a broad array of customers. . These strategies are a tactical implementation of our overall business goal as outlined above.
Milestones
Measurement of the successful implementation of our strategies will be governed by measurable development milestones. The milestones that will be achieved over the next 2 years are: Obtain 25 bait shops Make money on website Buy or rent a building
About this document
Worms Business Plan
This document was created by Ross of The worm machine using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.
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