Business Plan for health products

Closed
CofiLife
Toronto, Ontario, Canada
Shabs B
Founder
(56)
5
Project
Academic experience
120 hours per learner
Learner
Anywhere
Intermediate level

Project scope

Categories
Product management Financial modeling Customer segmentation Product or service launch Marketing strategy
Skills
marketing strategies target market sustainability planning financial forecasting market analysis business planning feasibility studies positioning strategy distribution strategies marketing
Details

The main goal for the project is to develop a comprehensive business plan for launching a novel food product using upcycled Coffee Fruit, targeting health-conscious consumers. The plan should consider various positioning options such as energy bar, snack mix, sparkling water, wine, and/or powder extract. The plan should also align with the company's mission of revolutionizing the food industry by harnessing the untapped potential of coffee fruit and promoting sustainable agricultural practices.



This will involve several different steps for the students, including:


- Researching the health-conscious consumer market and identifying potential product positioning strategies.


- Analyzing the potential of upcycled Coffee Fruit in different product forms and conducting market feasibility studies.


- Developing a financial forecast for the launch and operation of the chosen product(s).


- Creating a marketing and distribution strategy for the product(s) based on the target market and positioning.


- Outlining the sustainable and environmentally friendly aspects of the product(s) in the business plan.


Deliverables


By the end of the project, students should complete the following list of activities:


- A comprehensive business plan for launching the novel food product(s) using upcycled Coffee Fruit, including market analysis, financial forecast, marketing strategy, and sustainability plan.


- Presentation materials for pitching the business plan to potential investors or stakeholders.



Final deliverables:


- A written business plan document.


- Presentation slides for pitching the business plan.


Mentorship

1 All company resources for successful completion of the project including access to paid accounts and learning resources


2 Mentorship and guidance from the management team through phone, email and Zoom meetings


Supported causes
Good health and well-being

About the company

Company
Toronto, Ontario, Canada
2 - 10 employees
Food & beverage, Hospital, health, wellness & medical

CofiLife is an innovative food and beverage company which upcycles Coffee Fruit, a traditionally discarded byproduct of coffee production.

Our mission is to revolutionize the food industry by harnessing the untapped potential of coffee fruit. We aim to offer products that are not only beneficial for personal health but also contribute positively to the global environment. Our goal is to reduce waste in the coffee industry, promote sustainable agricultural practices, and provide our customers with high-quality, nutritious, and tasty food options.