Vitamin and Supplement Business Plan

Do you need a business plan for a vitamin or supplement? In order to develop a business plan for a vitamin and supplement, you need expertise within the food products (or products) industry and experience from a business planning or financial planning perspective. Unlike a lot of food products, vitamins and supplements are more likely to experience a middle case scenario, whereas the target market of retailers includes a lot of independent vitamin and supplement shops as well as the major players such as GNC. If you want to write a business plan for a vitamin and supplement company, be sure to answer the following questions in your plan:

  • What is unique to your vitamin and supplements that will lead to their sale?
  • Do you need FDA approval for the sale of your product?
  • What is unique about your vitamin and supplement?
  • What is the target consumer profile?
  • What is the estimated size of the target market?
  • What are the competing product in the market?
  • What are your distribution strengths and contacts?
  • Where will you manufacture these vitamins and supplements?

Capital West Advisors has specific experience with vitamins and supplements and can help you to develop a very high quality business plan and financial plan at the most competitive prices in the industry. Contact us at (888) 300-3090 for a free consultation.