Business Plan Fashion Star Boutique

Question: Discuss about the Business Planfor Fashion Star Boutique. Answer: The business model of Fashion Star Boutique is as follows: Key partners: The key are partners are the suppliers and customers Key activities: The key activities include designing of fashionable dresses following the latest trends of fashion, along with considering the customers demands (Drucker, 2014). Value proposition: The core values include the supply of the best clothes and fashion accessories to the customers, and ensure customer satisfaction. Customer relationship: The relationship established by the customers is a positive one and the boutique targets towards the establishment of strong customer relations. Moreover, customer loyalty needs to be ensured by introducing attractive offers to the customers (Franke et al., 2013). Customer segment: The customer segments who are targeted by the boutique are the high class people and the people who are fashion conscious. Key resources: The key resources are the efficient employees of the company (Drucker, 2014). . Distribution channel: The distribution channel includes the online access as well as the in house stores of the boutique. Cost structure: The most costly resources of the business includes the materials of the clothes and the materials of the other fashion accessories. Revenue stream: Since the clothes are very fashionable and modern, hence the customers are willing to pay very high prices as well (Drucker, 2014). However, the mode of payment preferred by the customers is the online payment mode, using cards or internet banking facilities. This in brief is the business plan of the Fashion Star Boutique. The key partners and the key activities have been identified, along with the cost structure and the revenue streams of the boutique. References Drucker, P. (2014).Innovation and entrepreneurship. Routledge. Franke, N., Harhoff, D., Henkel, J., Hussler, C. (2013).Innovation und Entrepreneurship. Springer/Gabler.