Final Reflection

1)    Read through your posts from this semester. Recall all of the experiences you've had a long the way -- the highs, the lows -- the fun moments, and the moments of drudgery, and even the moments of dread.

Most of assignments were fun. Especially interviewing my friends or professionals and elevator pitch. I actually learned a lot of things from this class and it was really good mindset to become an entrepreneur in the future.

2)    What sticks out to you as the most formative experience? The experience that you'll remember years later? What was your most joyous experience? What experience are you most proud of yourself for accomplishing?

Definitely I will remember what my friends told me on “What’s Your Secret Sauce?”. It is because we don’t really ask people what they think about me, so it was a good opportunity to know more about myself.

3)    At the beginning of the semester, I mentioned that I wanted each of you to develop an entrepreneurial mindset. Now, at the end, do you see yourself as an entrepreneur? Do you think you have moved closer to developing an entrepreneurial mindset?

I don’t think I am ready to start the business right now, but I can say that I am a lot closer to entrepreneur than I was before this semester.

4)    What is the one recommendation you would make to the students who are going to journey down this path in the future? What would you recommend they do to perform best in this course? What would you recommend they do to foster that mindset?

I recommend new students to do assignments and quizzes as early as possible. Time management will be a big key to this class and good time management skill is very important when you became an entrepreneur too. Also, I want them to take each assignment seriously because it will improve your knowledge and mindset a lot for sure.

Venture Concept No.2

Opportunity:

Many college students are eating less healthy compare to days before college.

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Many college students are wanting to eat healthy.

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College students do not have enough time to go to grocery store because they have exams, assignments, and club activities, social and so on.

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College students tend to eat fast food or frozen food instead of cooking at home.

Innovation:    

Customer can order food through the app. Very easy.

     

Product comes with ingredients which chosen by nutritionist and recipe so the customer can follow.    

Partner up with delivery services which are already exist like Uber eat and Bites squad.

It is understandable that college students cannot pay too much money. So, there ways to get discount. Such as introducing this service to other friends or apply for this service with roommates.

There are menus for vegetarians/vegans too.

Venture Concept:        

Individuals will buy my product because I have been interviewed many college students and most of them answered they want to eat healthier.

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Fraternities/Sororities will buy because even though they have chef at their house, their meal plan does not cover Saturday and Sunday.

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Off-campus apartment will buy because my friends works for off-campus apartments and they can advertise my product.

Price points:

It is very important because many college students spend money on a lot of stuff but food. There are ways to get discounts. If customers invite their friends to this service, they will get promo code for discount. Also, there are roommates discounts and group discounts too.

Distribution:

Firstly, I think we should distribute this service to people in Greeklife first. It is because it will be faster to spread the name of this products by mouth and will be great advertisement. After that, we are going to distribute to off-campus houses. We will use social media too.

Customer Service:

Since the company is built upon care for others friendly, honest, and concerned customer service is vital. My employees will be required to memorize key persuasive statistics in case a buyer is on the fence and be knowledgeable about the underlying cause we are representing.

Location:

Anywhere that close to college towns.

Packaging: 

Careful because I don’t want any juice to be spilled.

Employees: 

I’m estimating around 5 employees to begin with.

·         Operators for the orders from customers.      

·         Nutritionists. 

·         Drivers.

·         Workers who will pack all ingredients in one.

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What’s next?

I want all college students to know about this service and use it. I want to make money and I want to spread this service to all states.

For Me:

Hopefully through this service, college students learn how to cook and what healthy food are. And contribute to their child’s health in the future too.

Describe how you changed your venture concept, based on what you learned from the feedback.

I changed the number of employees from 10 to 5 because Jonah pointed out that I had too much employees and I agreed because some tasks can be done by one person.