Hodge World Electronics 1 Page Business Plan

Variety of Electronic Devices Business Plan

Hodge World Electronics 1 Page Business Plan

Overview

Hodge World Electronics has a clear business objective to distribute a variety of Electronic products through online retail. The idea of starting up Hodge World Electronics has been developed over 1 month with a core focus on addressing the key customer problem and associated opportunities.

The Business Objectives

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 profitability. It is critical that we balance revenue growth with the growth in our cost base. It is also important that revenue grow in throughout startup While the long term desire is for profitable growth.

The Customer

Hodge World Electronics 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 The search for quality electronic devices at low cost. This is a critical issue for our selected target market of On-Line Shoppers.

The Value Proposition

Hodge World Electronics is uniquely positioned to deliver value to On-Line Shoppers. "Hodge World Electronics will allow easy access and guaranteed low on-line prices on everyday electronic products." In order to be effective on this value proposition, we guarantee customer satisfaction though the use of online shopping and services for our products. 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 Variety of Electronics in the market. We consider our key competitors to be: other electronic online businesses, and Electronic retail stores. Our understanding of these competitors has been used to refine our strategy and value proposition. We believe that we can compete effectively with other electronic online businesses and other ectronic retail stores (Best Buy, Frys, etc) by Guaranteed prices lower than retail price, Direct customer service with each customer when needed, and being able to shop for these products on-the-go .

Key Strategies

Over the next 6 months our focus will be to Creating an effective business plan that can be put to action and used as a guide in starting our business. This task will be undertaken in the context of our broader strategy to Build our on-line store and have it opened for business.. 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: Create a full Business Plan, get Hodge World Electronics Trademarked, and build our online store

About this document
Variety of Electronic Devices Business Plan
This document was created by Donald of Hodge World Electronics using the 5 minute Business Plan App. This technology and approach is powered by HyperQuestions.

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