Question

Planning to start international food delivery business in Toronto. provide following answers please.

Strategy and plans

Objectives

• Business strategy
• Operating plan

Financial analysis

• Breakeven analysis
• Sales projections
• Capital spending
• Operating costs
• Profit & loss account
• Balance sheet
• Cash flow and funding requirements

Risk analysis

• Overview
• SWOT – strengths, weaknesses, opportunities and threats
• Limiting factors
• Critical success factors
• Alternative scenarios
• Specific risks and their solutions

Answer 1

Answer:

The details are mentioned as below

Objectives

• Strategy - The business strategy for the international food delivery business is to capture the Toronto market’s potential of food delivery by providing the competitive food delivery system and setups.

• Business Plan – Business plan is to develop the international food delivery business in Toronto region. The business plan will have the earning opportunity with investment needed and lead time for establishing the business in the market. Consultant hired for supporting as professional advisor for the business in Toronto. We want to explore the food delivery business process in the Toronto region so that we can explore the revenue model and serve the customer base for the food requirements. We will be making investment such that we will set up the business system and process and can start this business adequately.
  • Vision – Improve the global food delivery process for people.
  • Mission - Helping the people in finding their food at lowest cost in real time.
  • Values – Ethical value, Integrity value, team based work culture,
  • Products – Food products as per demand of people in the target region.
  • Services Core competencies – Speedy delivery of food products to consumers in real time.

Financial analysis – The financial analysis is to understand the potential for the investment and our possibility for earning the target review. So we will do the following actions as

• Breakeven analysis – This is the analysis will be helpful in managing the investment with the earning figures and time duration for the same.
• Sales projections –Sale projections will be made for assuming the target sales that can be achieved in the Toronto market.
• Capital spending – This analysis will help us in understanding the capital expenditure for the business that will be required.
• Operating costs – Operating cost will to understand the cost required for routine operations.
• Profit & loss account – This will show the profit and loss for the business
• Balance sheet – The balance sheet will show the financial figures for the business.
• Cash flow and funding requirements -The cash and funding requirements will show the routine expenses needed at the business operations.

Risk analysis

• Overview – The risk analysis will to understand the potential risk in the business.
• SWOT – strengths, weaknesses, opportunities and threats – This will help us to understand the strength in the business, weakness in the business, opportunities in the business for the given market and threats available in the market for our business opportunity.
• Limiting factors – This will show the limiting factor that can limits our business
• Critical success factors –These are the factors that are critical for the success of our business and we need to manage them well.
• Alternative scenarios –We need to work out the alternative scenarios so that we have option for back-ups.
• Specific risks and their solutions –We need to identify specific risk and their suitable action that will manage the risks.