In the Products and Services section of your business plan, you will clearly describe--yep--the products and services your business will provide. Use simple terms and avoid industry buzzwords so your readers can easily understand. On the other hand, describing how the company's products and services will differ from the competition is critical.
Everyone in our target market who would require our services Our Competitive Advantage Our aim in starting Quick-time Business plan for goods and services Delivery Inc is to ensure that we are the preferred goods delivery in Louisville — Kentucky, and also amongst the top three brands in the United States of America.
To achieve this vision, we have laid out strategies that will ensure that we have competitive advantage over those we intend to compete with in the delivery business industry.
First off, we intend to get two delivery vans that will ensure that customers get tier goods on time.
This service is the first of its kind here in Louisville — Kentucky. Another competitive advantage we intend to have over our competitors is in ensuring that we hire business plan for goods and services competent employees who not only have the experience but are also attuned to the vision of the company in becoming the best brand here in Louisville — Kentucky and amongst the top 3 in the United States of America.
We intend to train our employees in customer care service so that they effectively communicate our brand whenever they represent us to customers. We will ensure that we not only meet the expectations of our customers but also exceed it as well as we will continually review our customer service strategies to ensure that we remain on top of our game.
Finally, our employees will have the best welfare packages that can be gotten amongst similar start-ups here in Louisville — Kentucky.
We intend to ensure that their skills are constantly honed through various training that will improve their careers and also their productivity for our company. However at Quick-time Goods Delivery Inc business, we intend to ensure that all our sources of income are under the legal and permissible laws of the United States of America.
Quick-time Goods Delivery Inc. Our target is to ensure that we generate our target income within the first year of operation as our strategic location in Louisville — Kentucky is pivotal to this projection. Also, regardless of the fact that we might offer reduced fares during the first three months of running the business, we are confident of meeting our target especially as we have laid down plans that will see to this.
We have in collaboration with a reputable business consultant here in Louisville — Kentucky critically examined the goods delivery business and having analyzed our chances of survival and growth in this competitive industry has been able to come up with the following sales forecast.
The sales projection that was conducted on behalf of Quick-time Goods Delivery Inc were based on several assumptions that are peculiar to similar businesses in same location; Louisville — Kentucky. Below is the sales projection that was conducted on our behalf; First Fiscal Year-: The above sales projection was done based on certain factors that are obtainable in the industry and on several assumptions such as the rate of people willing to shop online, the state of the economy, government policies, and the arrival of a similar competitor to same location.
This therefore means that the sales projection might be lower or higher if any of the above assumptions change either positively or negatively. Marketing Strategy and Sales Strategy Before starting off our goods delivery business, we intend to ensure that our marketing and sales strategies have been thoroughly reviewed.
During the course of running the business, we also intend to ensure that we carry out a continuous review of our strategies, this is because we know how important marketing is to any organization — either profit or non-profit.
Carrying out a sales forecast helped us determine who our likely target market were and therefore helped in determining the best marketing strategies to use in penetrating the market and also attracting customers to our goods delivery business in Louisville — Kentucky as well as the whole of the United States of America.
Our marketing executives have been empowered to continuously carry out research on the target market as well as tweak or remove marketing strategies that are not regarded as effective during the course of running the business.
The strategies that would be developed by our marketing executives will be one that will help us catch the attention and eventually win a larger percentage of the market not only in Louisville — Kentucky, but in the whole of the United States of America as well.
In order to ensure that customers outside Louisville — Kentucky know about Quick-time Goods Delivery Inc business, we intend to deploy several strategies on the internet to enable us achieve this. Our website will not only be interactive and user friendly, it will also be well designed to appear on top searches for customers looking for the best delivery business.
Asides, our website, we intend to use social media platforms such as Facebook and Twitter to engage and attract more customers to our business. Finally, we at Quick-time Goods delivery Inc business intends to use the following marketing strategy in getting more customers for our goods delivery business; Advertise our goods delivery business in popular online forums, blogs and websites Place adverts in local newspapers, and on radio and television stations Encourage our loyal customers to refer us to others Engage in direct marketing List our business in offline directories as well as online directories Use the internet — website — to market our services, as well as social media platforms such as Facebook, Twitter, Google Hangout and LinkedIn.
Publicity is a two edged sword as you get to create awareness for your business while also generating revenue. Even though we have laid down strategies that intends to make us stand out from the other goods delivery businesses we would be competing with, we know how important publicity is if we intend to achieve our goals and objectives and succeed as a business.
Louisville — Kentucky is a perfect location for our goods delivery business and the perfect launching pad for our publicity strategies, before we eventually venture out to other cities and spread throughout the United States of America.
Some of the publicity and advertising strategies we at Quick-time Goods Delivery Inc intend to deploy are; Ensure that we create customized tee-shirts for all our workers especially our drivers Emblazon our delivery trucks with our unique logo and color Place adverts in local newspapers, magazines and on radio and television stations Distribute our handbills and pin our fliers in target locations Put up flexi banners in strategic locations so that our target customers can see and patronize our services Use our social media platforms — Facebook and Twitter — to promote our brand Send out cold e-mails to prospective customers Send out newsletters to customers — both potential and existing Our Pricing Strategy The success of a business can be determined by the kind of prices it sets.
Determining the fair price for a service oriented business can be tricky but any serious entrepreneur knows that regardless of the business being run, any set price or rate should cover overhead and operating expenses and ensures that the business makes profit as it should.
Since we are relatively new in the market, we also know that it is necessary that we set a price that will allow our customers patronize our services and for this purpose, we would offer our services at a reduced rate for the first 6 months of operation.
We however would not lower the prices too much so as not to have our business crumble. Payment Options Due to the fact that this is a service oriented business, we are aware that our customers would prefer several means of being able to pay for our services and it is due to this fact that we have come up with different payment options intended to suit whatever style our customers would want.
Below are the payment options that we intend to make available to all our various customers; Cash payment Payment via Point of Sale POS Machine Payment via credit card Payment via online bank transfer The options chosen above were done with the help of a trusted and reputable bank, and will be available to all our customers without hitches.
Start — Up Expenditure Budget The goods delivery business can only be capital intensive depending on the area the entrepreneur wants to focus on. However, in starting a standard goods delivery business, there are certain expenses that the entrepreneur is supposed to spend the bulk of the capital on.
The expenses include all overhead expenses and several operating expenses such as bill payments and employee salaries. This is a business that the family has decided to start and run and so we would not be generating funds from external investors such as venture capitalists, as we would not want outside interference for now.
Therefore the areas where we intend to source for start-up capitals are; Using our savings and sale of stocks to generate capital Seeking for soft loans from extended family members Applying for loan from the bank N.
Goods Delivery Service Business Plan — Sustainability and Expansion Strategy Every business is established to make profit and it is from this profit that a business is sustained and then expanded. However to make profit and remain sustained, there are several factors that must be put into consideration, such as the business structurethe number of loyal customers and the investment strategy.
The major reason of starting Quick-time Goods Delivery Inc is so as to build a business that can offer a unique delivery service whilst making profit and sustaining itself from the revenue generated.
We do not plan on seeking for external private investors as we have laid down plans to ensure that we generate revenue and eventually make profit within a year of operation.Trend Setters Hair Studio hair and beauty salon business plan products and services. Trend Setters is a full-service hair and beauty salon.
A business can be defined as an organisation that provides goods and services to others who want or need them. So, what are goods and services?
Goods are tangible things that are produced, bought or sold, then finally consumed. Business Ideas Service Businesses to Start Today Business Services. Business-Plan Consulting Not only is a business plan crucial in obtaining bank financing, but it's an invaluable. The products or services section of your business plan should clearly describe what products and/or services you're selling with emphasis on the value you're providing to your customers or clients.
Example of a Products or Services Section of a Business Plan. How to Price Business Services. Too many new entrepreneurs harm their own prospects by underpricing their goods and services.
But if those company owners just take the time to think, they can. Examples: Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching.
Goods are tangible objects that satisfy people's wants. Services are actions, such as haircuts and car repair, which also satisfy people's wants.