Matu African Market | Application Preview
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General Information
Business Registration Number: 10-863104700F-001
Location: Manassas, VA, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I plan on moving to a suitable location, plan to use the fund to buy product for my store, interior design the store and spend on marketing,
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Business Plan
I plan to grow in the next 5 years by expanding my product internationally, by getting involve(knowing)with my customer. By using social media to invite more customer and attending networking event. I know it is difficult to invest in a business that is just starting, but investor should invest in me because I am resourceful. I know lot of people and they are willing to come to my store and buy my product. My family and friend always tell me I have a mindset of a businessperson and this has always been my dream to open my own store. So, investor should invest because I can assure you that this is not a two-year company that will collapse, I am in it for the long run.
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Self Identified Competition
what I will say about my three competitors is that their prices are extremely high. I have had friend, family and other peers complain occasionally. People have also complained about their products being expired. Some have stop going there to the point they travel miles away just to but their food product at a different cities with lower pricing. Over the course, I have listen to people complain and I myself have complained, especially with the covid-19 pandemic people are afraid to leave their home, or African mother who have kids at home but cannot leave, are looking for ways to have their product deliver to them but African store do not deliver. That is something I am going to incorporate into my business. That will give people the satisfaction to order from home and have their product deliver to them. I listen to my customer and try to meet their need, although not all need can be met but I will try to use what will make my company better and grow.
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