Strategic Market Expansion Plan for Wellness Flowz

Closed
Main contact
Wellness Flowz Lymphatic Massage
Hamilton, Ontario, Canada
Owner/Practitioner
Project
80 hours per student
Student
Canada
Intermediate level

Project scope

Categories
Competitive analysis Market expansion Market research
Skills
competitive analysis service offerings strategic planning comprehensive planning customer acquisition management market analysis consumer behaviour
Details

Wellness Flowz Lymphatic Massage is looking to diversify its service offerings by entering the psychotherapy market. The goal is to create a strategic plan that outlines how the company can effectively expand into this new sector and attract new clients. This project involves researching the psychotherapy market to identify potential opportunities and challenges, understanding the needs and preferences of potential clients, and analyzing competitors in the field. The team will also explore how Wellness Flowz's existing brand and services can be leveraged to appeal to psychotherapy clients. By applying classroom knowledge in market analysis, strategic planning, and consumer behavior, learners will develop a comprehensive plan that aligns with Wellness Flowz's mission and values.

Deliverables

The project deliverables will include a detailed strategic expansion plan document that outlines key findings and recommendations. This will encompass a market analysis report, a competitive analysis, and a client acquisition strategy. Additionally, a presentation summarizing the plan and its potential impact on Wellness Flowz's growth will be prepared. The deliverables should provide actionable insights and clear steps for Wellness Flowz to successfully enter the psychotherapy market.

Mentorship
Domain expertise and knowledge

Providing specialized knowledge in the project subject area, with industry context.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Good health and well-being

About the company

Company
Hamilton, Ontario, Canada
2 - 10 employees
Hospital, health, wellness & medical
Representation
BIPOC-Owned Minority-Owned Women-Owned

Wellness clinic providing lymphedema treatment, post op massage, Osteopathy, psychotherapy and advanced esthetics through facials.