Hi there, we'll take this one step at a time!
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If you struggle with a blank canvas, use this boilerplate to start. Remember, this is a flexible resource—tweak it as needed. Some sections might not apply to your product and you might come up with great ideas not listed here, don't let be restricted.
This is not the only format, we would love to see you scope out a great format for your product!
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Go wild and dive deep—we love well-researched documents that cover all bases with depth and understanding.
Refer to the project brief and the additional resources before you begin this project!
(Go through them at least 3 times or till the time you don’t have a mind map in your brain)
It's time to kickstart the project by taking a crack at building your Elevator pitch.
(Think of this as an introduction to your product- make it remarkable!)
​
Are your employees bored of the same office cafeteria food?
You must be tired of juggling multiple vendors, and still hearing non stop complaints from your employees. We get it—being an Admin is no easy job.
That’s where SmartQ comes in. With our advanced menu engineering and partner mapping capabilities, we curate the best menus for your employees—with no repetition for 45 days! Plus, we match you with the perfect partner from our network of 1,500+ food vendors to ensure the best quality and variety.
Everyday, we serve more than 10 lakh meals across our 450+ client locations.
Unlike regular food vendors, SmartQ will be your end-to-end cafeteria service provider. Our menu management, ground operations, tech-enabled ordering, and single-point vendor coordination set us apart.
Experience this new generation cafeteria for yourself! Book a one-week trial today and watch your employees enjoy their meals like never before!
(Go and speak to different users of the product and the people in the chain: households buying the product, shopkeepers selling the product, churned users, and users using competitor's products. In the case of B2B products identify the decision makers, the influencer, the blocker, and the end-user)
(There are separate tables for both B2C and B2B products, put down your your ICP’s in a Table Format, use this as a reference.
This table makes it super clear for anyone to understand who your users are and what differentiates them)
B2B Table:
Criteria | ICP1 | ICP2 | ICP 3 |
---|---|---|---|
Name | Mid sized organization, International presence | Growing Startup | Mid sized organanization |
Company Size | ​500-1500 | ​500-1000 | 1000-1500 |
Location | ​Bangalore | ​Bangalore | ​Bangalore |
Funding Raised | ​Yes | ​Yes, Series A to F | ​Yes |
Industry Domain | Fintech | HRTech | Pharma |
Stage of the company | Matured Scale | Early Scale | Matured Scale |
Decision Maker | Admin Head | Admin Manager | Admin director |
Decision Blocker | Procurement Manager | Procurement team | Food committee |
Frequency of use case | Daily once | Daily twice | Daily thrice |
Products/ tools used in workplace | Slack, Microsoft Office, Routematic, HRMS | Slack, Google suite, IT conferencing solutions, Airmeet | Slack, Microsoft Office, HRMS, CRM, Smarten spaces |
Organisational Goals towards cafeteria | Give best F&B experience - good food, Employee experience without budget constraint | Provide food not just to satisfy hunger but to make people recharged for the day | Need a vendor who can cater consistently to 1500 people. employee's health is key |
Preferred Outreach Channels | Cold Call, Face-to-Face meetings, Email, Reference | Cold Call, Face-to-Face meetings, Email, Reference | Online meetings, Email, Reference |
Conversion Time | 3-4months | 2-3months | 3-4months |
GMV | 4-8cr | 2cr | 4-6cr |
Growth of company | Moderately growing | High growth | Moderately growing |
Motivation | Get best employees through benefits of company - Cafeteria, salary, gym, etc | Transform food experience to make them feel energized and talk about the service to others | Employee retension and health is the motivation |
Behaviour traits of the decision maker | Objective driven, Impact, benefit driven | Need social proof, transparency, team whom he can depend on | No nonsense, crisp communicator, needs detailed planning |
Budget for service | Doesn't care about budget but experience is important | Should be competitive in the market but occasional increase in price for specific value add is good | Price sensitive and highly volatile |
Priorities | Exceptional service - Employee experience | Basic service, consistency and reliability | No nonsense, less noise from cafeteria, Tech should be an enabler, needs Transformation - Change |
Where do they spend time | Meetings, Work Desk, Conferences | Meetings, Work Desk, Conferences, Common spaces, office round ups | Meetings, Work Desk, Common spaces |
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We have multiple users of a product and not all of them can be our ICP for whom we make our strategies, we need to prioritize.
(use this ICP prioritization table)
Criteria | ICP 1 | ICP 2 | ICP 3 |
---|---|---|---|
Adoption Curve | High | Very High âś… | Medium |
Appetite to Pay | Very High âś… | Medium | Low |
Frequency of Use Case | Medium | Very High âś… | Very High âś… |
Distribution Potential | Very High âś… | High | Low |
TAM | ​Medium | High | Low |
In our B2B food industry,
Decision makers are usually Admin and Facility heads or CHROs
Enablers and Influencers are Admin executives, HRs and Employees from food committee
Blockers are procurement teams
Among all the ICPs, i would like to prioritize as follows
1. ICP 2 - This has high adoption curve, they fit into our offerings directly as they have intent to transform the cafeteria food and have immediate adoption and use our service for more than 2 times a day. The TAM for this category of companies are quite huge compared to other company types.
(Before you begin, you need to know what your product is, what are its features, what is the problem being solved by your product?)​
(Build your core value proposition by exact what your product does and what problem are you solving)
For Admins who want to transform cafeteria experience and bring exceptional food service at office, SmartQ's end to end cafeteria management is the one stop solution, that provides food partner aggregation, Menu engineering, Tech enabled ordering, engaging food experiences, dedicated cafeteria operations team and rigorous hygiene and compliance management.
(Let's begin by doing a basic competitor analysis)
Factors | Competitor 1 - Hungerbox | Competitor 2 - Gokhana | Competitor 3 | Competitor 4 |
---|---|---|---|---|
What is the core problem being solved by them? | Food variety | Food pricing | ||
What are the products/features/services being offered? | Vendor management, Tech enabled ordering, Compliance management, Common ops team | Vendor management, Tech enabled ordering, Common operations team, Pop up counters | ||
Who are the users? | Mid and large sized organization | Small and mid sized organization | ||
GTM Strategy | Product first approach, As the company is being funded on App metrics they focus on Mid and large organizations which makes to focus more on tech and less on food service. Due to which they try to charge optimally on food and focus more on product features to get adoption | Aggressive Pricing approach. Their product is decent but they focus more on onboarding more food partner and continously churn them by giving less pricing to client they keep changing food partner to sail the account. | ||
What channels do they use? | Conferences, Face-to-Face meetings | Face-to-face, cold calls, conference | ||
What pricing model do they operate on? | Partner commissions | Partner commissions | ||
How have they raised funding? | Yes, $43Million | Yes, $1.1 Million | ||
Brand Positioning | Leading Institutional food service provider | Award winning digital cafeteria provider | ||
UX Evaluation | Good UI, reliable UX | Functional UX, has lot of glitches | ||
What is your product’s Right to Win? | Our detailed approach and being Admin's extended team for cafeteria ops is a differentiator + Menu Engineering and Food experiences which is beyond the product superiority | menu engineering is a differentiator with the existing vendor as there is harmonious relation with all + Consistency of food, compliance and vendor nurturing will be important which is more important than pricing | ||
What can you learn from them? | Product is completely user led. User first design approach is a point of inspiration from here | Vendor onboarding and Competitive Pricing through vendor rotation |
(Then let's try to understand the market at a macro level and evaluate the trends and tailwinds/headwinds.)
Now it’s time for some math, calculate the size of your market.
TAM = Total no. of potential customers x Average Revenue Per Customer (ARPU)
SAM = TAM x Target Market Segment (percentage of the total market)
SOM = SAM x Market Penetration/Share
TAM = Total no of potential clients * Commission revenue per client per year
TAM = 9185 * 50,00,000/-
TAM = Rs 45 Billion/ year
SAM = TAM * Target Market segment (%)
SAM= Rs. 45 Billion * 12.3%
SAM= Rs. 5.53 Billion/ year
SOM= SAM* Market penetration/share (SmartQ penetration)
SOM= Rs.5.53 Billion * 25%
SOM= Rs.1.382 Billion/ year
(keep in mind the stage of your company before choosing your channels for acquisition.)
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Channel Name | Cost | Flexibility | Effort | Speed | Scale |
---|---|---|---|---|---|
Organic | ​Low | Low | High | Low | High |
Paid Ads | High | High | High | High | low |
Referral Program | Medium | High | Medium | Medium | High |
Content Loops | Low | High | Medium | Medium | High |
Conferences | Medium | High | High | Medium | High |
I would like to choose in the following order
1. Conference
2. Content loops
3. Referral program
4. Organic as the last option as the TG/ ICP don't usually search for services we render but take it from reference from others in the admin/ facilities community.
Paid i would not choose as our current TG is not available on Social channels easily.
(Understand the existing organic channel strategy for your product and highlight the success and failure thereon.
Provide your suggestions and devise new strategies.)
Step 1 → Conduct keyword research on Google, Amazon, Youtube, Quora etc.
Step 2 → Collate all your insights from all your searches.
SmartQ's Domain Authority (DA): Low
I would like to see this case with Why, WHat and How framework
Here are few suggestions which was taken from MOZ
(Keep it simple and get the basics right)
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Step 1 → Nail down your content creator, content distributor and your channel of distribution
Step 2 → Decide which type of loop you want to build out.
Step 3 → Create a simple flow diagram to represent the content loop.
From our initial research on our Ideal Customer Profile (ICP), we’ve seen that admins spend most of their time in conferences, community discussions, reading research reports, or having face-to-face meetings with different companies and service providers. This is where their focus is.
What really grabs their attention are stats, facts, and research reports that show how they can improve their facilities. Whenever they come across real insights about what other companies are doing, there’s a fear of missing out—they want that data, they want to understand it, and they want to apply it to their own setup.
This tells us that if we want to engage admins, we need to give them compelling research, industry comparisons, and actionable insights—something they can actually use to stay ahead. So i am creating a content loop on same strategy
Since we know our audience, a monthly newsletter with reports, case studies, and market insights—especially from peers—would be highly effective. Admins take insights more seriously when they come from other admins.
The newsletter will have three simple sections:
To make it engaging, we’ll feature contributors by name, positioning them as transformational leaders in their field. The newsletter will also include a quick link for admins to submit insights, which will be added to the next edition—giving them recognition and validation within their network.
This creates a content loop where admins consume, contribute, and engage every month, making it a valuable and trusted resource.
Here is a simple flowchart of how we can do Newsletter content loop
(For B2B companies, if referral does not make sense you'll take a crack at a partner program for your product)
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Step 1 → Flesh out the referral/partner program
Step 2 → Draw raw frames on a piece of paper to get the gist.​
(Don't spend a lot of time on design. This is for you to communicate how the referral hook will look)​
We know that admins are most likely to refer SmartQ when they are genuinely happy with the service. Also when their self motives are achieved. There are two key mmoments of happiness:
Admins can track these positive streaks in their Admin dashboard provided by SmartQ and share them with their peers and leadership. For management, this serves as recognition of a well-managed cafeteria, and for other admins, it’s proof that SmartQ is delivering real impact.
When an admin refers SmartQ to another company, both earn rewards:
🌟 1st Referral → A free food festival for their office, fully sponsored by SmartQ. Here we are focusing on Access
🌟 2nd to 4th Referrals → Everything above + Complimentary menu for 2 days and free dessert & chaat stalls for 2 days in the month. - Here we are focusing on Money + Access
🌟 5th Referral → A special invite to become a panelist at the Transformational Leaders Conference, positioning them as an industry expert + Everything above - Here we are focusing on Money + Access + Dopamine hit
🌟 6th Referral → All the above perks + an official award & recognition as a Transformational Leader, featured across SmartQ’s social media and industry networks - Here we are focusing on Money + Access
This program not only celebrates admins for creating a great cafeteria experience but also helps them gain recognition, rewards, and leadership visibility within their industry.
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