Sample Lean Business Plan - Wooden Grain Toy Company
|Wooden Grain Toy Company |
|Identity |Problem |
|Wooden Grain Toys manufactures high-quality hardwood toys for children|Parents and grandparents are looking for high-quality, durable toys that |
|aged 3-10. |will entertain kids and foster creativity. |
|Our solution |Target market |
|Our handcrafted toys are made from solid hardwoods, and are designed |The target audience is adults, specifically parents and grandparents who |
|with sufficient moving parts to engage young children without limiting|wish to give toys to their children or grandchildren. |
|imagination. | |
|The competition |Revenue streams |
|Wooden toys are part of a niche market with companies of all sizes. |Wooden Grain Toys will sell directly to customers at craft fairs and |
|Large companies include Plastique Toys and Metal Happy Toys, which |online. |
|sell internationally. Smaller companies sell locally in shops, craft | |
|fairs, or online. | |
|Marketing activities |Expenses |
|Wooden Grain Toys will communicate with customers with an email |Materials for toys including wood, steel, and rubber |
|newsletter, targeted Google and Facebook ads, social media, and in |Craft fair fees and travel costs |
|person at craft fairs. |Inventory space for products |
|Team and key roles |Milestones |
|Currently, the only team member is the owner, Andrew Robertson. As |As business grows, Wooden Grain Toys will advertise in target |
|profits increase, Wooden Grain Toys will look to add an employee to |markets—especially in advance of the holiday season. |
|assist with social media and online marketing. | |
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