Entrepreneurship Report 2
Entrepreneurship Report 2
Entrepreneurship Report 2
EXECUTIVE SUMMARY.................................................................................................................3
BUSINESS IDEA.................................................................................................................................3
STORY BEHIND THE STARTUP....................................................................................................3
INTRODUCTION...............................................................................................................................3
LOGO, OWNERSHIP........................................................................................................................5
CURRENT POSITION.......................................................................................................................5
VALUES, GOALS...............................................................................................................................5
SWOT ANALYSIS..............................................................................................................................5
PRODUCT SERVICE FEASIBILITY..............................................................................................5
MARKET DEMAND..................................................................................................................5
COMPETITIVE ENVIRONMENT...........................................................................................5
PRODUCTION AND SUPPLY CHAIN....................................................................................5
REGULATORY COMPLIANCE..............................................................................................6
PRICING AND PROFITABILITY............................................................................................6
MARKETING AND BRANDING..............................................................................................6
VISION OF BUSINESS IDEA...........................................................................................................6
TARGET AUDIENCE........................................................................................................................7
FINANCIAL FESEAIBILITY...........................................................................................................7
MARKET STRUCTURE....................................................................................................................7
BUSINESS MODEL........................................................................................................................8
VALUE PROPOSITION............................................................................................................8
TARGET MARKET...................................................................................................................8
REVENUE STREAM..................................................................................................................9
MARKETING STRETAGY.......................................................................................................9
KEY ACTIVITES........................................................................................................................9
KEY RESOURCES.....................................................................................................................9
PARTNERSHIP..........................................................................................................................9
COST STRUCTURE...................................................................................................................9
CUSTOMER RELATIONSHIP.................................................................................................9
REVENUE MODEL..........................................................................................................................10
Subscription Model...........................................................................................................................10
SYSTAMETIC APPROACH...........................................................................................................11
IDENTIFICATION AND PLANNING....................................................................................11
ANALYSIS.................................................................................................................................11
DESIGN......................................................................................................................................11
DEVELOPMENT......................................................................................................................11
IMPLEMENTATION...............................................................................................................11
TESTING...................................................................................................................................12
DEPLOYMENT.........................................................................................................................12
OPERATIONS AND MANAGEMENT...................................................................................12
EVALUATION..........................................................................................................................12
RETIREMENT AND UPGRADE............................................................................................12
POTENTIAL COSTS........................................................................................................................13
Product Development Milestone...............................................................................................13
Production Setup Milestone......................................................................................................13
Launch Milestone......................................................................................................................13
Sales Growth Milestone.............................................................................................................13
Customer Acquisition Milestone...............................................................................................13
Market Expansion Milestone....................................................................................................13
Profitability Milestone...............................................................................................................14
Brand Recognition Milestone....................................................................................................14
Innovation Milestone.................................................................................................................14
Expansion and Scaling Milestone.............................................................................................14
POTENTIAL RESOURCES............................................................................................................14
Recipe and Product Development Resources..........................................................................14
Kitchen or Production Space....................................................................................................15
Packaging Materials and Labels...............................................................................................15
Production Equipment..............................................................................................................15
Supplier Relationships...............................................................................................................15
Business Licenses and Permits..................................................................................................15
Marketing and Online Presence...............................................................................................16
Skilled Labor..............................................................................................................................16
Business Necessities...........................................................................................................................16
Business Plan..............................................................................................................................16
Product Development................................................................................................................16
Legal and Regulatory Compliance...........................................................................................17
Supply Chain Management.......................................................................................................17
Production Facilities..................................................................................................................17
Branding and Packaging...........................................................................................................17
Marketing and Sales Strategy...................................................................................................17
Distribution Channels...............................................................................................................17
Financial Planning.....................................................................................................................17
Team and Partnerships.............................................................................................................17
Potential Impact of Pro Bites...............................................................................................................18
Exit Strategy........................................................................................................................................19
How we work......................................................................................................................................19
Conclusion...........................................................................................................................................19
EXECUTIVE SUMMARY
BUSINESS IDEA
The business idea for our website is protein biscuits for children. The business is named as
Pro Bites which will provide a healthy snacking option for kids while addressing the growing
concerns of childhood obesity and malnutrition.
Protein biscuits for children are a kind of baked item that satisfies the nutritional needs and
tastes of children. These biscuits are made with a higher protein content than conventional
biscuits while also taking into account children's taste preferences.
Protein is a crucial component for growing and developing children. It helps in the
development of muscles, tissues, and enzymes and supports the maintenance of a strong
immune system. Although many foods, including meat, fish, dairy products, and legumes,
naturally contain protein, it can occasionally be difficult for kids to get enough via their daily
meals.
Children's protein biscuits are often produced with flavors and ingredients that are
appropriate for children. They could include whey protein or soy protein as sources of
protein. Pro Bites recognizes the importance of protein and has created protein biscuits
specifically formulated to cater to children's nutritional requirements. In order to enhance
their nutritional value, protein biscuits for kids can also be fortified with the required
minerals and vitamins. Vitamins like vitamin C, vitamin D, and vitamin B vitamins as well as
nutrients like iron and calcium, which are crucial for children's growth and development, are
frequently included. These cookies are made with flavors like vanilla, chocolate, strawberry,
and fruity variants in order to appeal to children's taste buds. To make snacking for
youngsters more pleasant, they could also come in entertaining forms or sizes.
Although protein biscuits might be an easy and delectable way to increase kids' protein
consumption, a well-balanced diet made up of a range of whole foods should always come
first. Protein-rich foods like biscuits should be taken as a supplement to a balanced diet rich
in organic produce, whole grains, protein-packed foods, and healthy fats.
To make sure protein-rich cookies or other kinds of snacks are suitable for their child's diet,
parents and carers should think about speaking with medical specialists, such as
pediatricians or certified dietitians.
In conclusion, Pro Bites protein biscuits provide children with a tasty and wholesome snack
alternative. Children's growth, energy levels, and general well-being are supported with Pro
Bites protein biscuits, which place a focus on their high protein satisfaction, convenience, and
delicious flavor.
LOGO, OWNERSHIP
CURRENT POSITION
On initial stage we test our product and its ingredients. We also did some changes and
currently our product is ready to introduce in market.
VALUES, GOALS
SWOT ANALYSIS
STRENGTHS
Large Market
Create promote a healthy life style
Highly profitable
Easy to create chain of products
Weakness
The expense of research
Expensive for the customer to consume
Not many different unique selling points paths you can take
Most of the people don’t consider protein biscuit as a healthy option
Opportunities
Easy to promote this product
Not difficult to expand to other products
Highly profitable market
Market is become extremely popular
Threats
MARKET DEMAND
Evaluating market demand is essential for any product's success. Children's nutritional
requirements are especially catered for by Pro Bites protein biscuits, which are marketed to
parents and other adults who are looking for quick and wholesome snack choices. There is a
substantial market demand for such items due to a rising emphasis on concern about their
health parenting and the appeal of protein-rich diets. The perceived advantages of protein
supplements for kids and the market's general expansion for healthy snacks might also have
an impact on demand.
COMPETITIVE ENVIRONMENT
Analyzing the market's current participants and their products requires a thorough
understanding of the competitive environment. Other protein biscuits or snacks made for kids
may compete with Pro Bites. It's crucial to distinguish the product from competitors through
special qualities including enticing flavors, for children packing, and the usage of premium
components. Pro Bites may successfully position itself in the market by doing thorough
research of the strengths and weaknesses of rivals.
REGULATORY COMPLIANCE
The food sector must adhere to all applicable laws and standards, particularly when
marketing to youngsters. Pro Bites must abide by laws governing food safety, labeling, and
any rules pertaining specifically to food items for children. Ensuring adherence to these rules
reveals a dedication to product safety and quality.
PRICING AND PROFITABILITY
For Pro Bites protein biscuits to be financially sustainable, the right pricing must be
established. Pricing should take into account marketing and distribution costs, as well as
production costs for ingredients, packaging, and manufacturing procedures. Determine a
competitive yet profitable pricing plan by doing a thorough cost analysis and knowing the
target market's willingness to pay.
In addition, Pro Bites also aims to expand its product offerings beyond protein biscuits. The
company plans to develop and launch other healthy snack options for children, in the near
future. Pro Bites wants to establish itself as a trusted brand in the healthy snack market and
become synonymous with quality, nutrition, and taste.
Pro Bites also envisions a future where it is actively involved in promoting healthy eating
habits and physical activity among children. The company plans to partner with schools and
community organizations to provide education and resources to parents and children about
healthy eating and living. Pro Bites believes that it can make a positive impact on children's
health and well-being by providing them with healthy snack options and promoting healthy
lifestyle choices.
Overall, Pro Bites' vision is to be a socially responsible company that makes a positive
impact on the world by promoting healthy eating habits and making healthy snacks accessible
to children. The company's mission is to provide parents with a convenient and delicious way
to help their children stay healthy and active, ultimately contributing to the overall well-being
of future generations.
TARGET AUDIENCE
The target audience is also concerned about the negative effects of unhealthy eating habits on
their children's health, such as obesity, malnutrition, and other health-related issues. These
parents are seeking convenient and healthy snack options that are not only nutritious but also
delicious and appealing to their children.
Pro Bites also targets parents who lead busy lives and are always on the go. The protein
biscuits are a convenient snack option that can be easily packed for school lunches, after-
school snacks, or on-the-go snacks for outdoor activities.
In addition, Pro Bites also targets parents who are looking for alternatives to traditional
snacks that are high in sugar and fat. These parents want to provide their children with snack
options that are not only healthier but also enjoyable.
Overall, Pro Bites targets parents who are health-conscious, busy and want to provide their
children with nutritious snack options that are both convenient and delicious.
FINANCIAL FESEAIBILITY
MARKET STRUCTURE
Pro Bites will operate in the healthy snack market, which will be a part of the larger food
industry. The healthy snack market is a fragmented market, consisting of various players,
including small, medium, and large companies. The market is highly competitive, with a
large number of players vying for a share of the market.
The healthy snack market is characterized by a few dominant players and several small
players, who focus on niche products. The market is growing at a rapid pace, driven by the
increasing awareness of the health benefits of healthy snacks and the growing demand for
nutritious snack options.
Pro Bites will operate in the protein biscuits segment of the healthy snack market. The protein
biscuits segment is a niche segment, with a relatively small number of players. However, the
segment is growing at a steady pace, driven by the increasing demand for protein-rich snack
options and the growing popularity of biscuits as a snack.
The protein biscuits market is highly fragmented, with several small players operating in the
segment. However, the market is dominated by a few large players who have established
themselves as trusted brands in the market Internationally. Pro Bites aims to capture a
significant share of the protein biscuits market by offering a high-quality product that is both
healthy and delicious.
Overall, the healthy snack market and the protein biscuits market, in particular, are highly
competitive and fragmented. However, there is a growing demand for healthy and nutritious
snack options, which presents an opportunity for Pro Bites to establish itself as a trusted
brand in the market.
BUSINESS MODEL
Pro Bites business model is centered on providing healthy and nutritious snack options for
children. The following are the key ingredients of Pro Bites' business model
VALUE PROPOSITION
Pro Bites' value proposition is to provide a healthy, nutritious, and delicious snack option
for children. The company's protein biscuits are specifically designed for children, and
the ingredients are carefully chosen to provide maximum nutritional benefits.
TARGET MARKET
Pro Bites target market is parents of children aged 2-12 who are health-conscious and
looking for nutritious snack options for their children.
REVENUE STREAM
Pro Bites generates revenue by selling its protein biscuits to customers through various
channels such as online marketplaces, supermarkets, and convenience stores.
MARKETING STRETAGY
Pro Bites marketing strategy includes a combination of digital marketing, social media
marketing, and influencer marketing. The company also plans to participate in health and
wellness events to promote its products and increase brand awareness.
KEY ACTIVITES
Pro Bites key activities include product development, manufacturing, distribution, and
marketing. The company is focused on developing high-quality products that meet the
nutritional needs of children while also being appealing to their taste buds.
KEY RESOURCES
Pro Bites' key resources include its manufacturing facilities, distribution network, and
team of experienced professionals. The company invests in research and development to
develop new products and improve existing ones.
PARTNERSHIP
Pro Bites plans to form partnerships with schools and community organizations to
promote healthy eating habits and physical activity among children.
COST STRUCTURE
Pro Bites' cost structure includes the cost of raw materials, manufacturing, packaging,
distribution, marketing, and overhead expenses. The company focuses on keeping its
costs low to maintain a competitive pricing strategy.
CUSTOMER RELATIONSHIP
Pro Bites values customer relationships and aims to provide excellent customer service.
The company engages with customers through social media, email marketing, and other
communication channels to gather feedback and improve its products and services.
Overall, Pro Bites' business model is focused on providing a healthy and nutritious snack
option for children while maintaining a competitive pricing strategy and building strong
customer relationships. The company is committed to promoting healthy eating habits and
making a positive impact on children's health and well-being.
REVENUE MODEL
Pro Bites revenue model is centered around selling its protein biscuits to customers through
various channels. The company will generate revenue through the following revenue streams:
Online Sales: Pro Bites will sell its protein biscuits through its website and other online
marketplaces such as Daraz, Telemart, and Target. Customers can purchase the products
online, and the company ships the products to their doorstep.
Retail Sales: Pro Bites will sell its protein biscuits through supermarkets and convenience
stores. The company will establish partnerships with retailers to distribute its products in
physical stores.
Direct Sales: Pro Bites will sell its protein biscuits directly to customers through health and
wellness events, educational events, and other similar events.
Subscription Model
Pro Bites offers a subscription model where customers can subscribe to receive monthly
deliveries of the company's protein biscuits. This model ensures a steady stream of revenue
for the company while also providing convenience for customers.
The pricing strategy for Pro Bites' protein biscuits is competitive, and the company will offer
various pricing options to cater to different customer segments. The company will focus on
keeping its costs low to maintain a competitive pricing strategy while still providing high-
quality products.
In addition to its core revenue streams, Pro Bites will also generate revenue through cross-
selling and upselling. The company plans to introduce new products in the future, such as
protein bars and shakes, which will provide additional revenue streams.
Overall, Pro Bites' revenue model is focused on providing healthy and nutritious snack
options to customers through various channels while maintaining a competitive pricing
strategy and building customer loyalty. The company's commitment to product quality,
innovation, and customer service ensures a steady stream of revenue and long-term
sustainability.
SYSTAMETIC APPROACH
IDENTIFICATION AND PLANNING
Identify the need for Pro Bites as a solution to address protein deficiency in
children.
Conduct market research to validate the demand and potential viability of the
product.
ANALYSIS
Analyze the specific requirements and constraints of Pro Bites, such as
nutritional content, packaging, production capacity, and distribution channels.
Identify stakeholders and gather their input to ensure their needs and
expectations are considered.
Define key performance indicators and success criteria for the Pro Bites
system.
DESIGN
Design the Pro Bites product, considering factors such as ingredients, flavors,
packaging, and branding.
DEVELOPMENT
Develop and refine the Pro Bites recipe, flavors, and packaging based on the
design specifications.
Create the branding materials, design the packaging, and develop the
marketing campaigns.
IMPLEMENTATION
Begin production and distribution of Pro Bites.
TESTING
Conduct quality control testing to ensure Pro Bites meet the required
nutritional standards and taste expectations.
DEPLOYMENT
Distribute Pro Bites to retail stores, online platforms, and other targeted
distribution channels.
Continuously monitor and optimize the distribution process for efficiency and
effectiveness.
Regularly review and update the recipe, flavors, packaging, and marketing
strategies based on market feedback and trends.
EVALUATION
Evaluate the performance of Pro Bites against the defined goals and success
criteria.
Collect and analyze data on sales, customer feedback, market share, and
profitability.
POTENTIAL COSTS
The exact amount of money required to achieve each milestone for the Pro Bites business can
vary depending on several factors, such as the scale of operations, market conditions,
location, and specific business decisions. However, here are some general considerations
regarding the potential costs associated with each milestone:
Launch Milestone
Costs may include marketing and advertising expenses, website development, packaging
production, initial inventory buildup, and launch event costs. This milestone could typically
range from a few thousand to tens of thousands of dollars.
Innovation Milestone
Costs may include research and development expenses, product testing, market research, and
investments in new flavors, variations, or product extensions. The costs for this milestone
will depend on the extent of innovation and research required.
It's important to note that these cost estimates are general guidelines and can vary
significantly based on various factors. Conducting a detailed financial analysis and creating a
comprehensive business plan will provide a more accurate assessment of the costs associated
with achieving each milestone in your specific Pro Bites business.
POTENTIAL RESOURCES
To effectively use potential resources for your Pro Bites business, consider the following
strategies:
output.
Regularly review and refine the recipe to optimize taste, texture, and
nutritional profile.
Design informative and visually attractive labels that highlight the product's
benefits, nutritional information, and branding.
Optimize packaging sizes and quantities to reduce waste and packaging costs.
Production Equipment
Invest in essential production equipment that aligns with your production
Supplier Relationships
Establish strong relationships with reliable suppliers who provide high-quality
Skilled Labor
Identify and hire skilled individuals who are passionate about food production
and share your brand's values.
Business Necessities
Business Plan
Develop a comprehensive business plan that outlines your product, target market, marketing
strategies, financial projections, and operational details. This will serve as a roadmap for your
business and guide decision-making.
Product Development
Create a unique and high-quality product that meets the nutritional requirements and
preferences of children. Conduct thorough research and testing to ensure the product's taste,
texture, and nutritional profile align with your target market's needs.
Production Facilities
Set up or secure production facilities that meet health and safety standards for food
production. Consider factors such as equipment, storage, and hygiene protocols to ensure
product quality and safety.
Distribution Channels
Identify and establish distribution channels to make Pro Bites available to your target market.
This can include partnering with retailers, supermarkets, online marketplaces, and
considering direct-to-consumer options through e-commerce platforms.
Financial Planning
Develop a financial plan that includes budgeting, forecasting, and pricing strategies. Consider
the costs of production, marketing, distribution, and overhead expenses to ensure a
sustainable and profitable business model.
Team and Partnerships
Assemble a team with expertise in areas such as production, marketing, sales, and finance.
Identify potential strategic partners, such as nutritionists, pediatricians, or influencers, who
can contribute to the success of Pro Bites through collaborations and endorsements.
2. Improved Overall Health: Adequate protein intake is essential for various bodily
functions, including muscle development, immune system function, and hormone
production.
By providing a protein-rich snack option, Pro Bites can contribute to the overall
health and well-being of children, supporting their physical and cognitive
development.
3. Enhanced Energy and Vitality: Protein plays a crucial role in providing sustained
energy levels. Pro Bites can help combat fatigue and promote higher energy levels in
children, enabling them to stay active, participate in activities, and perform better
academically.
4. Convenience and Accessibility: Pro Bites offers a convenient solution for busy
parents who want to provide their children with nutritious snacks. The individually
wrapped biscuits are easy to pack in lunchboxes, carry during outings, or enjoy as an
after-school snack. This accessibility makes it easier for parents to ensure their
children have access to protein-rich options throughout the day.
Overall, the potential impact of Pro Bites extends beyond addressing protein deficiency. It
has the potential to improve children's overall health, energy levels, and snacking habits
while promoting awareness and education about proper nutrition.
Exit Strategy
We prefer to go with the acquisition. If Probites has created a strong brand presence, shown
steady growth and profitability, and attracted interest from possible acquirers, an acquisition
may be an alluring exit route. The creators or owners may receive a sizable return on
investment by selling the brand to a savvy buyer or investor who can use their resources and
market reach to expand PROBITES.
How we work
Conclusion