Opportunity:
Students have the need for access to a hot and nutritious meal throughout their busy days on campus; the solution needs to be affordable and convenient for them because students are becoming aware of how much money they are spending on food that isn't great; buying food everyday or even a couple times a week is not sustainable on a college kid's budget.
Innovation:
Heating stations in combination with frozen food vending machines would make it more convenient for students who pack a lunch to enjoy their leftovers on campus as well as for students who want to avoid a long line and overpriced meals but still want something satisfying for lunch.
Venture Concept:
Students will appreciate this new addition to campus because it is easier on their wallets, almost as convenient, and a much more nutritious option. Unless students are fully aware of the option of heating stations, it may be difficult for this idea to be successful, so advertising is a must. If students aren't aware of this option, they will continue to purchase meals from the various restaurants on or near campus.
The Three Minor Elements:
My most important resource is my connection to a leader of student government. She can point me in the right directions in order to get this idea implemented on campus.
My next venture might be to begin implementing these heating stations and frozen foods vending machines in other areas or schools.
I don't know where I will be in 5 years but I am sure this venture will help me in the future because I am now somewhat familiar with the process of becoming an entrepreneur.
Students have the need for access to a hot and nutritious meal throughout their busy days on campus; the solution needs to be affordable and convenient for them because students are becoming aware of how much money they are spending on food that isn't great; buying food everyday or even a couple times a week is not sustainable on a college kid's budget.
Innovation:
Heating stations in combination with frozen food vending machines would make it more convenient for students who pack a lunch to enjoy their leftovers on campus as well as for students who want to avoid a long line and overpriced meals but still want something satisfying for lunch.
Venture Concept:
Students will appreciate this new addition to campus because it is easier on their wallets, almost as convenient, and a much more nutritious option. Unless students are fully aware of the option of heating stations, it may be difficult for this idea to be successful, so advertising is a must. If students aren't aware of this option, they will continue to purchase meals from the various restaurants on or near campus.
The Three Minor Elements:
My most important resource is my connection to a leader of student government. She can point me in the right directions in order to get this idea implemented on campus.
My next venture might be to begin implementing these heating stations and frozen foods vending machines in other areas or schools.
I don't know where I will be in 5 years but I am sure this venture will help me in the future because I am now somewhat familiar with the process of becoming an entrepreneur.
Hey Rana,
ReplyDeleteGreat job on your venture concept. I found your post to be very clear in what your opportunity is and how you can make it happen. I feel that your service will be very useful to college campuses, and could catch on to be a major trend. Students are often extremely busy and could benefit from heating stations across campus. Good luck with your future, I'm sure these lessons will help in some way!
Hey Rana, great job on your post! I think that you're spot on with your assessment of your opportunity and venture concept. Your innovation will really make life much easier for college students alike. I think your connection to student government will be an excellent step stone for your idea as making students aware of this product is going to be the most important part in determining its success.
ReplyDeleteHi Rana. Another great post! I have said it many times before, but I really believe in your product. With each post you give me another reason to. This product will make college students life a heck of a lot easier. I hope somehow it is available before I graduate. Great job.
ReplyDeleteHey Rana, you did a great job on your venture concept! As I've told you, I really like your idea and it's really practical and would be really popular among students. Creating this venture concept is definitely helpful in sorting out the logistics of how you want to bring your product to life. Good luck with this and I hope it happens!
ReplyDelete