Assignment-02

Course: Entrepreneurship Development.

Course code: BUS-304
Topic: Business Model Development.

Submitted To
Mr. Mohammad Ikbal Hossain
Lecturer
Department of Business Administration

Submitted By
Fozle Rabby
ID: 182-11-5893

Batch: 50 (A)
 Business Model Development.

We want to develop a business plan that is online GROCERY SHOP. Online

Grocery Shop come up the idea of connecting nearby local shop, Pharmacy,
delivery man and nearest consumer in a one platform.

1. Download the app “GROCERY SHOP”.

2. Register as a customer/shop/pharmacy/delivery man.
3. Choose nearby favourite shop/pharmacy and order your product.
4. Make the payment either cash on delivery, credit or using any mobile
banking.

We choose this business because this app is the first mover who try to
interconnect and bring all customers, local shop, Pharmacy and delivery man in
online platform to make our life easier and save our valuable time energy and
after all money. To develop a new business plan we should follow some important
factors including:

1. Executive Summary
Our Grocery Shop is forced on online grocery retail business. It a virtual online
market place facilitating easy buying and selling of groceries. Our Grocery Shop
users with fast convenient delivery without ever having to leave their home.
For customers, our shop will revolutionize grocery shopping experience. Our
users no longer have to wait on hold, report their addresses on worry about getting
wrong orders. Our Grocery Shop plan to connect millions of customers, shops,
pharmacy, and delivery man.

2. Vision
Our Grocery Shop is a web start up with limited resources but it aligns all its
strategies keeping in mind the following visions-
 To make our Grocery Shop available all over the country.
 To be the largest indigenous e-commerce portal in this country.

3. Mission
Our mission is to provide an online platform where people can shop for
groceries along with door step delivery. Our foremost mission is to provide
convenience the customers followed by best value for money backed by quality
and satisfaction.

4. Objectives
 The main objective of GROCERY SHOP are as follows:
 To serve our customers flawlessly.
 To build a stable and effective network between the customers, local
shop, pharmacy and delivery man.
 To build an effective sustainable technology.
 To give our customers the best value for money and quickest service.
5. Values
We aim to build our business along the path of great values and business
ethics which includes:
 Integrity
 Leading change
 Excellence
 Quality
 Respect for individual
 Learning
 Sharing

6. Business Model
GROCERY SHOP is a common platform where the local shop, pharmacy
and delivery man can supply to the customers. GROCERY SHOP enables a
greater market reach to the suppliers and convenience to the customers.
7. Market Analysis

Before taking on the risks of an online business, it is important for business

owners to know online market conditions who their customers will be the
competition.
Every online marketing plan should include a clear explanation of the market
segmentation, target market focus and a market forecast. It should detailed
information about each of the target market segments. The specific research to
this market analysis beings with statistic. To make our advertising work we
need a team that will work its hardest. Their creative and professional team of
associates and state-of the equipment offer customers high-quality products in
a timely and efficient manner.

8. Market Segment Strategy

Our online shop will meet the grocery needs of the surrounding
neighbourhood. We should reach our customers by taking full of advantage. It
is important to understand the underlying motivation and behaviour of
consumers in different market segments. This example of market segmentation
clearly identifies that consumers have distinctively different needs, even
though they may be shopping at the same retail outlet.

9. Competitive Analysis
A competition that with a significantly different product or service satisfice
the need. We must identify our competitor’s website and customer experience.
Identify our competitor’s market position, take a peek of pricing, problem solve
for shipping, take a temperature check with reviews social media.
10. Management Process
For our Grocery Shop we must required to successful management process
including- Inbound marketing, website design and development, search
marketing, social media management, customer support. Because customers
are our most valuable asset.

11. Promotions
We will also promote our online business using information. This program
developed to provide monthly feedback to me on the status and conditions of
the business.

12. Financial Plan

This the section of the business plan for exact numbers and business costs.
Our business pride itself on being in touch with the financial side of the
business all times. This starts program that sets sales goals, establishes budgets
and expenses and profit. We will manage and grow our business with a full
range of financial services.

13. Income Statement

We also can create an income statement for our online Grocery Shop. The
income statements records all revenues for a business during this given period,
generate a trial balance report, calculate our revenues, determine cost of goods
sold, calculate the gross margin, Include operating expenses and the I can found
my net income.

14. Break even Analysis

Break even analysis is widely used to determine the number of units the
business need to sale in order to avoid losses. This calculate requires the
business to determine selling price, variable cost and fixed costs.

15. Business Profit and Loss

Grocery retailing is fundamentally a low margin business. Depending the
format or how developed the online market is. We will avoid that kind of
operating loss by knowing my targets markets.
 16. Business Cash Flow
We are positioning our-self in the market as a medium risk concern with
steady cash flows. Accounts payable is paid at the end of each month while
sales are in cash.

17. Business Balance Sheet

All of ours table will be updated monthly to reflect past performance and future
assumptions.

Conclusion
Technology has made significant progress over the years to provide consumers a
better online shopping experience and will continue to do so for years to come.
At the end, it has been a win situation for both consumer and sellers.