A number of strategies are used in the retailing business to buy cheaper items in the competition of similar products. All the products are provided to the customers on cheap rates with a quality product. The prototype is based on the proposed solution for the identified problem associated with the startup of a new restaurant or a café in the competitive market. 

The business model of restaurants and cafés are based on the price leadership and effectiveness of the supply chain management. The restaurant or cafés sold on the lowest prices which is acceptable by the customers when they do not have enough customer equity and reputation in the market. Although, low cost is not the only solution. New businessman starting a new restaurant or a café can get more suggestions about appropriate strategies by interacting with the relevant entities and discussing market problems with expert consultants. The mobile application will provide them with a platform to interact with experts and customers and discuss these matters to get better suggestions. The application will collect responses and opinions from consumers, employees, and experts by the use of the survey technique. 

The analysis shows that all application cost incurred at the time of introduction will be covered within one year and this venture will generate high profit for the investors. Approximately 64% of the total net sales will be earned from the Saudi market.

The discussion section for other industries and segment will be also introduced in the application after a successful experiment in the food industry.  It would be a large round in the sales for the fiscal years 2019 in the next quarter. The chain based sales are approximately about to $6.3% to $9.3 billion in the year to grow the business which grew approximately 6%. The increment in the sales is about to increase by 0.9% annually (Nemetz, 2013).

Collect survey data / Conduct Interviews to validate your concept / Refine Concept

The surveys are conducted as well as interviews were conducted to overcome the problem. Interviews were conducted for the discussion of challenges and issues concerning with start-up of a new restaurant or a café and possible solutions for successful completion of introduction stage in the targeted market.  As some policies of the company cannot be accepted by the retailers, customers as well as the suppliers that criticize the policies. Thus through this application based survey consumers, suppliers, and employees will provide their opinion and suggestions. It will support the new businessman to introduce the policy of price matching and selection of products to meet customer requirements. In case the restaurant or a café is committed to providing lower prices at everything on every single day but something was not acceptable for the suppliers and retailers. The prices are not matched by the restaurant or a café on every single item which later reduces the prices. A survey will be conducted that shows results again and the impacts. It shows how various decisions draw an impact on profitability.  Moreover, the survey will also discuss the issues and challenges associated with resources management for the new businessman or restaurant openers. The discussed resources would be employees, financial resources, and time resources.  In the survey, respondents were asked about their age, gender, work experience and specific information relevant to the identified problem. Some examples of survey questions are written below:

1)      What is gender/age/ and occupation?

2)      Are you an employee or an employer?  

3)      Have you ever started your own business?

4)      Do you think you will face difficulties to start a business in Saudi Arabia?

Describe the business model, value proposition and provide a financial projection.

The model explains that $495 sales turnover for the year 2018 and $4.5 billion income from membership is net revenue of the business which is approximately 64% of the total net sales of the Saudi market. The business model shows the portion which is using on operations of different departments.

Financial project:

The figure shows the calculation which is about the estimated budget which is estimated earnings in the further next 5 years the company will get the estimated profit and growth in the coming years with the same investment.

Describe how you will launch and scale

The task to launch the financial plan that is made and provided in this document and then scaling is very important but crucial because a number of things will be changed in the company as well as making agreed on everyone on the policy. A culture of piloting new ideas in the smaller settings was owned by the restaurant, consisting the testing as well as delivering the food items in the restaurant or a café in front of the consumers as well as experimenting at the nearby markets and stores with the artificial intelligence. The company is currently focusing typically focusing on scaling the new offering from the targeted locations in the condition when it may prove that the model is working.

The running year is considered good for the company if we persistent in leveraging the scale, the financial strength as well as the unique assets for the enhancement and establishment of the competitive advantages. The investments of Omni channel made up previous many years are initializing for paying back or recovering in the traffic as we observed that some improvements are introduced as well as by applying this scale we can bring improvement in the sales of the company as well as the productivity. By having the scale the sales of the company may go to the highest annual growth for some next years. The eCommerce will help the company and the sales department to make the sales double. We can return a bigger amount to our shareholders by repurchasing the shares as well as the dividends. In the last, the financial priorities strategies will be consecutively consistent, efficient for the growth as well as will be improved to grab high market share (Treasure, 2014).

Describe the team composition, how the team will contribute to the success of the solution and define the culture of the team. Also, provide strategies to deal with potential barriers to success.

The team of IT experts, designers, financial officers, application developers, big data analytics, and a management staff member will all work as a team to develop an application for the solution of the identified problem. The task to launch the financial plan that is made and provided in this document and then scaling is very important but crucial because a number of things will be changed in the company as well as making agreed on everyone on the policy. A culture of piloting new ideas in the smaller settings was owned by the company consisting the testing of this application in the market by the users and consumers as well as experimenting at the nearby markets and stores with the artificial intelligence. The company is currently focusing typically focusing on scaling the new offering from the targeted locations in the condition when it may prove that the model is working.

The running year is considered good for the company if we persistent in leveraging the scale, the financial strength as well as the unique assets for the enhancement and establishment of the competitive advantages. In case of successful implementation of the venture plan, it is expected that the company will generate a stream of revenue which will provide high turnover in one-year duration. The investments of Omni channel made up previous many years are initializing for paying back or recovering in the traffic as we observed that some improvements are introduced as well as by applying this scale we can bring improvement in the sales of the company as well as the productivity. By having the scale the sales of the company may go to the highest annual growth for some next years. The eCommerce will help the company and the sales department to make the sales double. We can return a bigger amount to our shareholders by repurchasing the shares as well as the dividends. In the last, the financial priorities strategies will be consecutively consistent, efficient for the growth as well as will be improved to grab high market share.

References of Customers & Business Model & Prototype of Venture plan

Litow, S. S. (2018). The Challenge for Business and Society: From Risk to Reward. John Wiley & Sons.

Nemetz, P. N. (2013). Business and the Sustainability Challenge: An Integrated Perspective. Routledge.

Treasure, J. (2014). The time is right to launch large-scale controlled treatment effectiveness studies of early-onset binge eating disorders and bulimia nervosa in student populations. Epidemiology and psychiatric sciences, 47-49.