Write a conclusion that has a summary of the key points and findings, implications, and recommendations for the future.

Over the last ten years the food delivery industry has really taken oft. Wath the nise of smartphones, it has become increasingly eisier over time for people to create multi-restaurant food delivery apps and businesses, Such businesses have become a houschold staple. The food delivery industry has shown a historio growth rate of eight percent but during the time covid was at its worst this industry more than doubled itself. Prior to the covid-19 pandemic the restaurant industry in the United States was thriving. It grew three to four percent each year. During the same time food delivery sales were growing at twice that pace, at about seven or eight percent each yeur. We are putting this paper together to gain more knowledge of what it would take to start a business. We have done a lot of research into what it would take to start such a business. Our group feels that we have gained a lor more knowledge of aspects of nunning a business that we had never thought of before. Ir takes a lot to run a business and we feel that the information we found is very valuable. These following topies: Over the projected period, it is predicted that changing lifestyles and eating habits, as well as the rising number of dual-income households, will help the busingse thrive. The rise is also being fueled by the expanding need for affordable food with quick availability. Ouline delivery services have a number of advantages, including steep discounts, loyalty and cashback incentives, doorstep delivery, and a variety of payment methods. Furthermore, in order to serve high-quality food, food service companies are constructing sizablo warehouses to store fresh produce, which is promoting the usage of online delivery services. Due to its inspiration for digital-only restaurants without a dining area or wait staff, food delivery applications are changing the restaurant industry and the way we eat. As a result, it is anticipated that the rise of online eateries and kitchens that exclusively offer delivery would present considerable growth potential. Additionally, as infrastructure in emerging economies continues to adyance, suppliers operating in the industry have potential to grow. They give businesses the ability to broaden their network of delivery partners and restaurant partners in various cities. The delivery procedure is further promoted by lot(Internet of Things) connection, which also allows users to choose online meal delivery services using voice commands. It is projected that such technology developments will accelerate industry exprusion Although the business is still in its early stages of development, a number of variables, including shifting prices and the availability of different platforms for food delivery services, are expected to increase competitiveness. Additionally, a high volume of food orders results in a decline in the quality of the food served, necessitating the use of additional resources to fulfill the orders. Consequently, the restaurants inability to handle multiple deliveries and ineffective volume handling end up constricting market expansion. The COVID-19 epidemic led to the introduction of contactless deliverv services bv some maior firms, including Domino's Pizza Inc. decline in the quality of the food served, necessitating the use of additional resources fo fumim the orders. Consequently, the restaunats inability to handle multiple deliveries and ineffective volume handling end up constrieting market expansion. The COVID -19 epidemic led to the introduction of contactless delivery services by some major firms, ineluding Domino's Pizza Ine., MeDonald's Corp, and Zomato, which are anticipated to continue in the years to come. Due to the closure of mumerous dine-in restaurants during the COVID- 19 epidemic, cloud kitchens experienced a rise in popularity. Due to coustmers becoming restricted to ouline ordering, the tendency is anticipated to coatinse after the epidemic. This fant growing number of cloud kitchens is anticipated to accelerate the trend toward online meal ordering, which is positive for the future development of the industry. Autonomous delivery robots (like droneslare anticipated to be employed for food deliveries in the near future. Companies that deliver food are investing more and more integrating such technology into the supply chains for food delivery will ensure prompt and contactiess deliveries. For instance, after the COVID-19 pandemic started, Postmates, Ino, a meal delivery service based in California. United States. has utilized delivery robots to assist with food delivery in Los Angeles. As you can see, this is an up and coming industry with lots of potential to grow if we. execute oor plan the right w The eating habits of the world have chnnged immensely over the years. Until a few years ago, pizza and Chinese food were the only restaurant-quality meals that could be delivered. Today, the global industry for food delivery is worth more than $150 billign and has more than tripled since 2017. Following a historical increase of 8%, the market has more than doubled in the US during the COVID-19 paademic. Ready-to-eat food delivery has emerged as a significaat market thanks to the development of enticing, user-friendly apps and tech-enabled driver networks, as well as shifting consumer expectations. Eatly ga in the pandemic, lockdown and physical distance limitations greatly boosted the category, with delivery turaing as a lifeline for the struggling restaurant sector. It is expected to contime to exist permanently going futurea common sight in the dining scene. The economie structure of the food delivery ecosyitem is still changing as it grown. Which stakeholders succeed or fail as the sector grows will depend on factom including brand, real estate, operational efficiency, depth of offerings, and shifting customer behaviors. The restructuring will take into accognt potential regulatory restrictions, including poteatial modifications to how drivers are rewarded. Furthermore, despite the industry's rapid expansion throughout the giobal epidemic, most distribution platforms have continued to be unprofitable. As Christopher Payne, chief operating officer of DoaDazh, recently stated to the Wall Street Joumal, "This is a cost-intensive business that is low-margin and scale driven." Despite these obstacles, there are still significant investments being made in the sector. Recent fundriises include Wolt ( 530 raised) In addition to REEF Technology ( 5700 million in November 2020) and Rebel Foods (S26.5 milliou in July 2020), there will be consolidation, with Uber purchasing Postmates for \$2.65 bjliog in December 2020 and Just Eat Takeaway purchasing Grublub for $7.3 billign in June 2021. Deliveroo's IPO in March 2021 and DootDesh's in December 2020 both serve as reeent examples of the sector's ongoing excitement and unpredictability. For a complex network of participants, including delivery piatforms. restaurants, drivers, customers, and other tech enablers, new difficulties, opportunities, and decision points are developing as the market changes further in the wake of the worldwide pandemic. Parallel to the developasent of quick delivery/quick commerce platforms, such as Getir (\$550 million in June 2021) and JOKR (\$170 million in July 2021), which have also successfully raised large capitaliucreases the number of contestants in the battle for the "share of stomsch." Too understand exaclty what tactics we should focus on as an up and coming business in this industry, we are going to follow a plan set out by one of the biggest brands in the market. Door dash has stamped itself in this industry and we want to follow the trail they blazed, leanning from their mistakes along the way. DoorDash is quickly expanding its market share while scurrying from success to success. DoocRash has a 59% market share of US meal delivery sales in May 2022 . While it is obvious that the COVID pandemic increased customer demand for meal delivery, this is not the sole factor contributing to DoorDash's success. DoorDash has made a number of highly savvy business and marketing decisions over the years that have led to tremendous growth. Doochash made the decision to concentrate on locations where food delivery was less frequent, such as suburban centers and rural areas, while other meal delivery businesses struggled to compete over sehedules who need an etfective way to retued tor their packed day, we toel tike they re leaviag a very important player out of their foctis. The working man is who were going to pay attention to as well because they have the same if not more reason to get their food delivered Speaking from experience. getting food on your lunch break ruins the breaki. 1 often found myself spending more time going to get the food than gcthally relaxipg and enjoying my break. We understand this is a common problem and if our business was introduced as the nolution, we wotld lock in in whole nety demographic of customers. We are prepared to take over the industry by solidifying our name in small towns and rural areas before moving into the upscale urban areas just like we saw in docrdashs approach. We understand that dootdash leff out a major group of potential customers that we plan to focus on as yyay to explode faster than they did. It is vital that every business nua a SWOT analysis just so they have somewhat of au understanding of their business and the direction its beading Starting with strengths we feel like some strengths in this industry are having a good connection with experienced staff who have a solid delivery method. Having this will increase the speed of the deliveries and the quality of the food. If you have a chef who can create high quality dishes in a timely maner and someong who can package the food in a timely manner thed it is up to us to deliver with the same urgency and if all goes well like we plan, we will have not ouly lave a successful business but a great conncction to the resfurants. Established Brands.lt would be advantageous for you when you debut your business anline if your brand is well known as a rosult of your extensive experience in the liotel and restaurant industries. Due to their familianty witli your prices and product flavors, people would food. If you have a chef who can create high quimy ap to us to deliver with the same urgency and if all goes well like wo plan, we will have not only have a successful business bot a great connection to the restucaupts Established Braods. It would be advantageous for you when you debut your business online if your brand is well known as a resultof your extensive experience in the hotel and restaurant industries. Due to their familiarity with your prices and produet flavors, people would instantly know your brand. They would place the order for delivery without wasting any more time looking into altermative ehoices.Reduesd Prices, Low prices will aid you in luring customers who are price aware if you are a new player in the market. Low costs imply that you will need to perform extensive research to identify the low-cost providers: you won't be able to do this effortlessly. You won't be able to sell your goods at reduced prices until you take tactionYou won't be able to do it otherwise, so you shoulda't charge low pricing out of your own wallet. Some threats are Competitor prices are less expensive. If one of your rivals bas discovered some inexpensive suppliers and is selling the same goods for less, Uialess you have a distinctive service to give or products that set you apart from the competition, it would then be disastrous for the fature of your company. If not, your competitor' low pricing would enable them to capture the majority of the market share that is concemed with prices. Either you should hunt for new, inexpensive suppliers, or you should try to come up with ways to nake your product staad apatt Affected Food. You do not want it if your food becomes tainted in some way and instantly makes a lot of people sick. Because it would barm the reputation of your company and provoke public alarm. Even if it oecurs once, no one will ever request food delivery from you again. No matter how well-known your brand is, it doesn' matter. It would be fatal for your company if it happened to a frech brand. An older brand must admit its error. apologiss to the public, and cover the affected individual' medical expenses. The public would only accept their apology after that. The business model for a food delivery company typically involves parmerisg with restaurants and food establishments to offer their menu items for delivery to customers. Revenue streams for the business include commission feer charged to partuer restatrants for each order processed through the platform, delivery fees charged to customers for the service, and polentially advertising revenue from featured restautants or promotional campaign. The value proposition for a food delivery company lies in its ability to provide convenient access to a variety of food options for customers, without the need for them to physically visit the restaurant or food establishment. By partnering with multiple restaurunts, the company can offer a diverie range of cuisine options to appeal to a broad customer base. Additionally, the convenience of delivery to customers' homes or workplaces caa be a major selling point. The ksy activities required for a food delivery company include establishing partaerships with restaurants and food establishments, developing a user-friendly online platform or mobile application for custonker to place orders, managing the logistics of food delivery, and providing customer support. Resources required for the business include a team to manage operations and customer support, a fleet of delivery drivers or partnership with a third-party logistics provider, and a robust rechnology platform to handle orders and payments. The cost structure for a food delivery company includes expenses related to technology development and maintenance, marketing and advertising. customer support, and delivery logistics. Key cost drivers include staff salaries, commission fe4s paid to partner restaurants, and fuel and maintenance costs for the delivery fleet. In onder to paid to parther restaurants, and fuel and maintenance costs for the delivery flee. In exdecte maintain profitability, the company will need to carefully manage these costs and potentially explore options for cost-sharing with parmer restaurants or optimizing detivery routes to minimize transportation expeuses The financial model for a food delivery company is based on a set of assumptions that help to estimate the revenue, cost, and profitability of the business. The model includes various components such as the revenue structure, cost structure, break-even analysis, funding requirements, and investment projections. The assumptions that underpin the financial model are based on various factors, including the target market, pricing strategy, marketing plan, and operational costs. These assumptions need to be realistic and backed up by research and data analysis to ensure the accuracy of the financial projections. The revenue structure of a food delivery company is primarily based on the commission that is charged to the restaurants for each order placed through the platform. The commission is typically a percentage of the order value, and it can vary based on factors such as the size of the restrurant and the volume of orders. In addition to the commission, other revenue streams may include delivery fees. subseription fees, and advertising revenue. However, these revenue streams are typically secondary and may not generate significant revenue compared to the commission. The cost structure of a food delivery company includes various operational costs such as marketing. technology, customer service, and delivery costs. These costs can be significant and need to be carefully managed to ensure profitability. The break-even analysis is an essential component of the financial model and helps to determine the point at which the business will become profitable. The break-even point is the level of revenue at which the business is generating enough revenue to cover its fixed and variable costs. The break-even analysis takes into account profitable. The break-even point is the lovel of revenue at which the basiness is generating eqongh revenue to cover its fixed and variable costs. The break-even analysis takge intogacgount various factors such as the revenue structure, cost structure, and pricing strategy. It is essential to regularly review and adjust the breakeven analysis as the business grows and evolves to easure profitabality. The funding and investment requirements for a food delivery company can be significant, especially in the initial stages of the business. The primary sourees of funding may include venture capital, angel investors, and crowdfunding. The invesament requirements may inchude various components sach as technology development, marketing, and operational costs. It is essential to have a detailed financial plan that outlines the fuading requirements and projected ROI to attract invetors and secure funding When you want to start a business there are many requirements that you will need to meet. Some of these requirements are legal requirements and some are regulatory requirements. These are in place to protect your business in many different ways one being that it allows your business to be unigue making you the only one eligible to run a business under that name. Certain licenses will even control what your business can do. There are many different legal requirements when starting a business. We did bome researeh and have figured out a bunch of things we need to do before we can start legnlly running our business. Here are some of the things we learmed. We needed to decide what business structure we wanted our company to perform under. There are five main different business structures. The strueture basically determines bow your financial transactions go for profit, losses, taxes, and loans. Each structure was very unique but we decided to operate our business under a partnerslip. Another step in creating the business is applying for a federal tax identification number. In orgder to pay your taxes this is needed