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.
Provide a summary of the feedback from your last venture concept post:
My peers unanimously agreed that my venture concept was very clear, understandable, and to the point. There was no constructive criticism. In the "What's Next" post, my peers also agreed that college campuses are the best place for the heating stations, although one student did consider other college campuses as new markets which I had not considered before.
What did you change about this venture concept based on feedback from your last venture concept?
I re-read my venture concept looking for something to add, delete, or change, but I feel that it is very clear and to the point and I don't think I would change anything about it.
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.
Provide a summary of the feedback from your last venture concept post:
My peers unanimously agreed that my venture concept was very clear, understandable, and to the point. There was no constructive criticism. In the "What's Next" post, my peers also agreed that college campuses are the best place for the heating stations, although one student did consider other college campuses as new markets which I had not considered before.
What did you change about this venture concept based on feedback from your last venture concept?
I re-read my venture concept looking for something to add, delete, or change, but I feel that it is very clear and to the point and I don't think I would change anything about it.
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| Source: CudaKitchen |
Hey Rana, great job on your post. I think you did a great job incorporating the feedback we gave you on your last venture concept into this one. It shows that you have the ability to listen to criticisms and adjust accordingly which is very important for an entrepreneur. Expanding your idea to other campuses would be vital as it would be important to see if your idea can reach other target markets.
ReplyDeleteHey Rana,
ReplyDeleteI agree that you do not need to change much about this post, because your first venture concept post was clear and concise and was directed towards a specific audience that you can reach out to for your opportunity. That being said, feel free to continue to brainstorm other ideas that could potentially help your opportunity even further, such as reaching out to other college campuses other than UF.
Hey Rana, great final venture concept. It is great that you feel that this opportunity is well fleshed out and thought about to the point that you didn’t need to add or delete anything from this past venture concept. I would love to see these finally around our campus and would happily use it to save money and have warm meal especially in the upcoming fall semester.
ReplyDeleteHi Rana. Yet another amazing post! This venture concept was better than your last. Which was hard because of how good the last one was. I really want to see this up and running and installed on college campuses across the united states immediately. I can not wait to see where you go with this product.
ReplyDelete