Product/Service Development Plan

Here is a teamwork project, the business idea and our team's discussion is part 1, and part 2 is what I need to do, this assignment is due on Saturday 2:00 p.m

1. Business Idea:

Team, I had an idea for a business.  It is based upon the fact that a supermarket is closing in a part of the city.  It is a huge building (obviously), that is centrally located and accessible by car (it’s right off of the expressway), and public transportation (three different bus lines converge there).

The idea is to turn the building into an “entertainment complex”.  This complex will house a full service restaurant, a night club for adults as well as a club for teens with a “fast food and exotic drink menus” (exotic drinks meaning special shakes, juices, etc.) 

I think your concept is very similar to Lucky. For them anyone under 21 can come to the bowling alley and play different games, but after 9pm it is for people over 21 years old. I guess for this teens can come in anytime unlike Lucky?

Great concept... One suggestions might I add . As a parent of preteen and teens when I visit Dave and busters past a certain time with my children, not being able to take them in was a little frustrating . Weekends parents typically allow teens to stay up later. Some parents work late shift and 9pm is fairly early. Can we make it an option for the parents to bring the children up to a later time and not have the night life scene at immediate access to that area? 

1.  
2. LJY Product/Service Development Plan—you will finally go into detail about your product or service.

o   Detailed description and unique features of product/service—this is where you put all the detail.  If you are unsure what “all the detail” means, ask me. You’ll need to tell me what your project is for me to tell you what detail you will need.

o   Identity of likely outsourced manufacturing company, if you have a product-based company and/or will outsource development of a technology product/service.

o   Estimated costs of outsourcing production, if you have a product-based company and/or will outsource development of a technology product/service.

o   Intellectual property acquisition (if relevant; this is both IP you need to actually acquire from another company, as well as any patents, trademarks, copyrights and/or trade secrets you develop and file yourself).

o   Plan for prototyping and testing, if you have a product-based business and/or are developing a technology product/service.