*Please to include a competitor price to the Business Proposal*
Business management includes all those activities that help the business in reducing the risk by controlling as well as monitoring the activities which help in the achievement of goals and objectives. It involves overseeing the day-to-day operations of a business, setting strategic goals and objectives, and developing and implementing plans. Explanation: Business management helps managers in making decisions to ensure the success of the organization. 1) Executive Summary: The business, named “Green Meals”, is a subscription-based meal delivery service that caters to the needs of busy professionals and health-conscious individuals in Canada. The service provides fresh, healthy, and customizable meals that cater to various dietary needs and preferences. The service saves people time on meal planning and preparation while still allowing them to enjoy nutritious and delicious food. It is believed that meal delivery service has significant market potential in Canada, and the company is confident in its ability to execute plans and deliver a high-quality service that meets the needs of the customers. Explanation: Key areas of business management include finance, marketing, human resources, operations, and strategic planning. 2) Company Profile: Idea Overview: The business idea is to provide a subscription-based meal delivery service that offers customizable meals to cater to various dietary needs and preferences of the customers. The company is using fresh, locally sourced ingredients to prepare the meals, which are fully prepared and ready to heat and eat. Business Description: Green Meals is a subscription-based meal delivery service that aims to provide healthy and customizable meals to busy professionals and health-conscious individuals in Canada. The company caters to various dietary needs and preferences of the customers by offering a wide range of planning of meals, including vegetarian as well as gluten-free products. Service aims to save people time on meal planning and preparation, while still providing them with fresh, nutritious, and delicious food. Product and Services Description: The meal delivery service offers customizable meal plans with fresh, healthy, and locally sourced ingredients that cater to various dietary needs and preferences of the customers. The fully prepared meals are ready to heat and eat and offer flexible subscription options that allow customers to pause, cancel, or change their meal plan at their convenience. Location: Green Meals is a Toronto-based company that provides meal delivery services to various cities across Canada. Team: Green Meals’ team consists of experienced professionals with diverse backgrounds in the food industry, logistics, marketing, and customer service. The team includes the founder/CEO who is responsible for overall strategy, business development, and financial management. Head Chef who is responsible for menu planning, recipe development, and quality control. Operations Manager who is responsible for logistics, supply chain management, and customer service. Marketing Manager who is responsible for brand development, customer acquisition, and retention. Explanation: Business management involves managing resources efficiently and effectively, optimizing processes, and adapting to changing market conditions to stay competitive. 3) Market Opportunity: The meal delivery market in Canada has been experiencing significant growth over the years, with a projected market value of $2.4 billion by 2024, as per IBISWorld. The rising demand for healthy meal options and the busy lifestyles of individuals have made meal delivery services more appealing. Furthermore, Canadians spend an average of $8,500 per year on food, indicating a significant market potential for food delivery services. Solution: The proposed meal delivery service aims to provide a convenient solution to the problem of meal planning and preparation for busy professionals and health-conscious individuals. The service offers customizable meal plans that cater to various dietary needs and preferences, using fresh, locally sourced ingredients and fully prepared meals that are ready to eat. By providing affordable pricing, flexibility, and convenience, our service addresses the needs of the target market. Target Market: The target market consists of busy professionals and health-conscious individuals who value convenience, quality, and customization. According to the research, this market segment in Canada is large, with a growing demand for healthy meal options. The company aims to target this market segment by providing customizable meal plans that cater to various dietary needs and preferences, using fresh, locally sourced ingredients, and offering affordable pricing. SWOT Analysis: Strengths: Strong team with diverse experience in the food industry, logistics, marketing, and customer service. Customizable meal plans that cater to various dietary needs and preferences. Use of fresh, locally sourced ingredients. Affordable pricing and flexible subscription options. Weaknesses: Dependence on local suppliers and farmers for ingredients. Limited geographical coverage initially. Need to invest in a robust logistics and supply chain management system. Opportunities: Growing market demand for healthy meal options and convenience. Potential to expand the service to other regions in Canada. Potential to offer additional services such as catering and meal prep kits. Threats: Competition from established meal delivery services in the market. Fluctuations in ingredient prices and supply chain disruptions. Competitor Analysis: There are several established meal delivery services in the Canadian market, such as Good Food, HelloFresh, and Chef's Plate. However, our company aims to differentiate itself by offering a wider variety of customizable meal plans that cater to various dietary needs and preferences, using fresh, locally sourced ingredients, and providing affordable pricing. The company also plans to build a strong brand through targeted marketing campaigns and exceptional customer service. Explanation: Successful management of these areas can help a business achieve its goals, maintain profitability, and grow over time. 4) Expectations: • The expectation is that the meal delivery service will gain significant market share in the Canadian market by offering a convenient and customizable solution to the problem of meal planning and preparation for busy professionals and health-conscious individuals. The expectation also includes achieving a positive return on investment for the business by growing a loyal customer base and maintaining high-quality standards in terms of ingredients, meal preparation, and delivery. • The expectation is to expand the business to other regions in Canada, increasing revenue and market share over time. The expectation is to establish the meal delivery service as a reputable brand in the market by offering exceptional customer service, building strong relationships with local suppliers, and implementing targeted marketing campaigns to attract and retain customers. •
As far as monetary expectations, we project an underlying speculation of $500,000 to take care of the expenses of gear, innovation, and marketing. We expect a month to month income of $30,000 to $50,000 inside the main year of activity, with an extended net benefit of $10,000 to $20,000 each month. We plan to reinvest our benefits into research and advancement of economical practices, venture into new markets, and upgrading our internet based platform to further develop client experience and accommodation. Explanation: Business management helps in planning as well as organizing activities which further helps in reducing risk.
1) The name of the business is “Green Meals”, which is a subscription-based meal delivery service that fulfills the needs of busy professionals and health-conscious individuals in Canada.
2) The idea of the business is to provide customizable meals to cater to various dietary needs and preferences of the customers. The business description is to save the time of the customer on meal planning. The product and service offer customizable meal plans with fresh, healthy, and locally sourced ingredients. The team includes the founder/CEO, head chef, operation manager, and marketing manager.
3) The opportunity for the company is the rising demand for healthy food. The solution to the problem is to prepare convenient as well as customized food. The target market consists of professional as well as health-conscious people. The strength is the experienced team members, the weakness is a dependency on local suppliers, opportunities are the growing demand, and threats are the existing companies that provide similar services. The competitor analysis helps the company in good branding of the company.
4) The expectation from the company is to achieve a significant market share in its industry.