Furniture store

Sell kitchen and bedroom furniture to customers
Monthly Revenue
$ 0
Monthly Profit
$ 0
Funding Required
$ 0
Market Size
0 0

Problem Statement

Expand aggressively in the next few years, Acquire a manufacturing shop, and open five stores however, the company lack technical expertise in establishing the IT and do Digital transfer all aspects of customer service, marketing, finance, CRM, supply chain, warehouse, procurement, inventory management , fast delivery and return services

Solution Statement

Hire IT expertise to do the scope of IT solutions that help expand business in selling more furniture, partnering with another seller. Initially do BRODE approach for various IT packages and decide which critical activities need to be automated to achieve the business goal

Customer Profile

  • Location

    Our Audience are from Sweden

  • Age Group

    We are targeting people from Under 18

  • Income Level

    Lower - Middle Income

  • Buying Habits

    Variety Seeking (Looking to try new variant)

  • Technology Usage

    Mid Level Technology User (Research Products Online)

  • Paint Points

    Delayed Responses, Inconvenience in using the product, Redundancy in Buying Process, Subscription Plans or Membership Plans, No Customer Support

Evaluation of Business with

SWOT ANALYSIS

Strengths

  • Talented and experienced workforce
  • High-quality products or services
  • Efficient production and distribution processes
  • Effective marketing and advertising strategies

Weakness

  • Limited resources or funding
  • Inefficient or outdated technology and equipment
  • Lack of expertise in certain areas
  • Poor management or leadership

Opportunity

  • Expansion into new markets or geographies
  • Growing demand for certain products or services
  • Technological advancements
  • Increasing demand for sustainable products or services

Threats

  • Intense competition
  • Economic downturns or recessions
  • Cybersecurity threats or data breaches
  • Supply chain disruptions

Competitor Analysis

Ikea

Competitive Advantage
  • Prices are Fair
  • Quality is Fair
  • Customer Services is Fair
  • Location is Good

jysk

Competitive Advantage
  • Prices are Good
  • Quality is Good
  • Customer Services are Good
  • Location is Good

Learn All About Our Key Members

Meet The Partners

Vaishnavi

IT architect

Sravani

Automation strategy designer

Sathya

Business startegy designer

Marketing Strategies

Our Marketing Channels Include Google Ads, Social Media Ads, YouTube Ads
Market on social media with a link to its availability online. Run advertisement data analysis to check from which platform the people are purchasing or who dropped in between.

Business Launch Strategy

The product has already been established as a physical store developed an e-commerce website and mobile apps with Augmented reality features, which give a customer looking at furniture at home where they want to place it—giving in-person experience from home saving time and energy

Financial Projections

Monthly Projections

Product Revenue

Monthly Revenue

No Data Found

Monthly Expense

Monthly Expense Breakdown

No Data Found

Monthly Revenue
$ 0
Monthly Profit
$ 0
Monthly Expense
$ 0
Funding Required
$ 0

Key Milestones

Scale the business

2024-07-31

Establish partnerships with key players in the industry

2024-05-31

Develop and launch new features or products

2024-10-31

Go public or achieve a successful exit through acquisition or merger.

2025-01-01