Short Story
How do you tackle the 5 W’s:
Who? Where? What? Why? When?
➢ What are you going to do or make?
➢ Startup a restaurant with affordable
prices
➢ Who needs it?
➢ College and hostel students
➢ Why will customers buy from you?
➢ healthy and tasty food for reasonable
prices.
➢ When will you launch, ramp, or get
paid?
➢ Above one year
➢ Where is the target audience?
➢ Customers below 40 years
Story
Empathy- Invention & Innovation
How do you frame an empathetic view of the
people (your target customers) who are
experiencing a problem you are trying to solve?
● Starting restaurant with reasonable prices.
How does empathy lead to innovation/invention?
● Emphasizes understanding and addressing the needs, desires and emotions of
people to create meaningful solutions to various problems.
What is the difference between Invention and
Innovation?
● Invention creates a new entity. While innovation involves
improvements to existing thing
Ideation
How do you identify the gap in the market?
unhygienic ambience,high cost menu,inappropriate
location
Out-of-the-box thinking to innovatively solve a problem. Discount by billing
monthly card for regular customer [ LIMITED MENU ]
What do you understand by stakeholder analysis?
A good relationship with stakeholder wil see as a beneficial to restaurant operation.
Like restaurants customers and supplies.
How do you identify an opportunity that creates value for both the company and the customers?
Discount ,birthday Decors,puzzle Games,photo booth.
Prototyping & Testing
How do you create a prototype of your business idea?
Prototype is consistent design for our restaurant and food that is used when opening the new locations
How do you test a business idea?
We test our restaurant by talking to business owners, customers, call our potential customers
Why prototyping is an important part of your business plan?
It is an business plan to decide and create a prototype of our restaurant with potential investors and business partners are often very interesting in by seeing the food.
Vision
To move with pace to desire profitable growth and become a better place sewing more customers with delicious food world wide
Go To Market Strategy
Make your website mobile friendly.
● Improve local search rankings
● Boost your reviews and rating
● Respond to every review
● Post actively on your social media accounts.
● send regular email reminders and promos.
● Reward your local customers.
Reviews
There are no reviews yet.