25A – What’s Next?
What I Think Is Next:
·
I want to begin to specialize my idea for the future,
currently my idea is a non-profit, but I would like to be able to begin to make
some profit. I want to be able to open some of my own restaurants/bakeries
under the same name of the service that any customer can come in and buy a
product from and of course all of my leftovers will be donated to food banks. I
think I could also specialize by holding seminars and cooking classes. Teaching
people to be aware of how much food they dispose of at home is the next most
difficult step in solving world hunger and I believe cooking classes, that help
to bring people together, would be a good environment to do this in.
Reflection:
·
All
three of the interviews I conducted had different perspectives on how I could
differentiate. Interviewee one brought up the financial costs of having to
start up my own bakery and market it and questioned whether this made sense. I
do agree that it will be difficult, but opening my own bakery has always been a
dream of mine and one that I would have done regardless of this non-profit idea
so it is something I am willing to take a risk for. Furthermore, if the bakery
is successful it will provide some extra money that I can put into my business
plan.
The second interviewee said that I could
make a cook book centered around sustainable eating, also under my brand name,
that would be another way to get my point across. I also found this idea to be
incredibly interesting and one I had not though of before. The main cost in
making a cookbook is time, compiling recipes can be a lengthy process but one
that I can do at night in the comfort of my own home. I don’t know anything
about publishing costs and stuff like that but it is something I would look
into.
Lastly, my third interview liked everything from the restaurant to the
cooking, to the cook book, and just again reminded me of the cost and time
investments that I was already aware of. Overall though, she thought my
specialization ideas had a lot of promise.
New Market
· With specializations including things like a
bakery, cooking classes, and a cook book, this gives me the opportunity to move
into more middle to upper class people. Although middle and upper class may not
have the same issues putting food on their tables, they can still help to
contribute to the cause by purchasing baker items. Furthermore, food waste in
homes is another issue to tackle and they can begin to learn more about food
waste at home. By beginning to raise awareness for lower, middle, and upper
class, it may be possible to lower overall food waste and actually make a dent
in world hunger.
Reflection
· When doing these two interviews, I liked how
open both of the interviewees were with me and their hopeful attitudes made me
think that expanding into these markets may actually work.
· The first interviewer really liked the ideas I
was giving him and thought the best way to attract customers was all about
location. For example, I don’t want to be in a suburb where I will most likely
gain very little press but instead I should try to find myself in an up and
coming city. What I like about being in a city is that there are people from
the lower class, middle class, and upper class. By having all three wealth
brackets in one are, I am able to advertise to all my markets which I believe
will help me gain publicity.
· The second interviewee suggested creating
specific products for each class type to pull them in. For example, for more upper-class
people you could have a wine and cooking night where they learn about
sustainable cooking. I could also offer to make more expensive cakes or lavish
desserts to be sold at the bakery. To appeal to the lower class I would
continue my service but could also make more inexpensive desserts.
I really liked the idea of creating a cook book that one of your interviewees brought up. I would have never thought about that, but it does make sense. You can use it to spread information about sustainable cooking, but you also get to tie in with that your love of cooking. You can even start on a smaller scale by creating a blog. People are always looking online and in books for recipes so why not use that to your advantage.
ReplyDeleteElizabeth, great post! I just got to read a very well written summary of what you want to do with your business int he coming months and years. i struggled to think about what i wanted to write about at first but once I got past the first couple of sentence I began to enjoy thinking about the future for my venture.
ReplyDeleteThis idea is genuine and good to be similar to your first service. I think to make it even more geared towards your first service, you could make a service where customers can pay forward for homeless people that are hungry and come in. This restaurant and allowing customers to pay it forward helps you become more profitable while still helping the homeless hungry people.
ReplyDelete