I am working on a project that creates helping to build a business plan for a ne

Question

I am working on a project that creates helping to build a business plan for a new company. The company I am going with a dating website and app for single parents called Single Parents Meet. I am having trouble with creating a word document highlighting and Identifying the size of our potential target market. Anybody that can help me would be greatly appreciated. It does not have to be long (200-300 words) and am looking for APA format with sources that encompasses not only the US but also international markets.

Explanation / Answer

Answer –

Project - Build a Business Plan For A New Company: Dating Website And App For Single Parents Meet.

Highlighting and identifying the size of potential target market for the above company

Idea Feasibility - The company scope is a dating website and application for single parents meet. This company idea looks to be great, as this new company idea is aiming to introduce in a segment, where the high consumer population is available. For any business, the customer base or consumer base is large, and then there are high success possibilities for the new company idea. The success of company is purely depends upon its potential customers or consumers. Hence in this case the consumer market is very large; hence this new company idea looks to be highly feasible.

Target Market Population : - This new business idea is targeting for the population of dating people. Since the dating population is quite large and dating is now become a common process for starting of engagement of young people. Young people start their engagement journey with the dating process only. So dating process is a high demanding process and young generation needs lot of support for this process. This looks to be great idea for the new company. The target population is quite large. We can see high number of consumers / customers using this idea for dating process.

Single Parent Meet is also a new concept, it also meets the need of many people who are single parents and would like to have friends or would like to get engaged with other similar opposite single parents. This idea also captures the large demand of people in this area.   

Including US and other countries, they all will have requirements in this segment for these social support activities. Hence the customer base or consumer base is very large and it covers the worldwide population, especially for the developed countries. Then later it will be followed by the upper developing countries also.

Dating and Single Parent Meet is almost common in all the countries. This could be a business idea for worldwide level. The services or offering in this website idea needs to be segregated with respect to the needs of the region or countries, as the social differences or cultural believes will have impact on the services or offerings for these new business idea.

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