Idea Napkin:
- Again, I am a 4th year college student. I began cooking for myself when I was 15 and I became a vegetarian, and my mother only consented to my eating habit change if I agreed to learn to cook my own dinners. When I came to college and returned to eating meat, I had a whole repertoire of meals and continued to cook for myself. The past two years I have prepped my meals for myself weekly, since it really cuts down on total cooking time. I see this meal prep business fitting really nicely into my current routine - I'd cook the weekly meals for customers at the same time I cook my own.
- I'm offering weekly, fully prepared meals at low prices. I am also offering delivery for these meals.
- I'm offering these meals to college students who do not have the time, money, or knowledge to cook their own food.
- Potential customers need this service because it is a cheap way to get actually healthy food daily without having to do any of the prep work themselves or even leaving their homes to get good food.
- There is no other college-kid-affordable meal prep service in Gainesville - the only services are either a fully vegan (and expensive) meal service or paleo diet/fitness-oriented services (also expensive).
- My core competencies to make this business succeed are my determination, dedication, people skills, and my ability to cook well.
I believe that my who/what/why's fit together quite well. I think I have the abilities to provide meals for students who have issues cooking their own food, and I have found that there are plenty of students with some form of that problem. Definitely an issue that I addressed and that a commenter brought up was the issue of keeping the meals them affordable enough for college students but expensive enough for me to make a reasonable profit.
Feedack Memo:
- Most college age kids love the idea of this model.
- Delivery should be an option that I offer.
- There is some skepticism about if I can make a profit while keeping meals cheap.
- Price will definitely mater to college kids.
- There are similar companies at other college campuses.
After feedback, I included delivery as a service I would offer. I also began thinking more about price. I would need to make the business worth my time, but that would be tough to do while keeping prices low. Food service in general has such high mark-up (at places like Panera), I wouldn't be able to do that and keep customers. I'd have to really cook in bulk.
Hey Sarah, I really enjoyed reading this idea napkin. The most important part that I got from this was the feedback memo part, and I can see that you put a lot of time into it, and really took the responses the right way. I also really like this idea because trying to be healthy in college is one of the hardest things to do when you are on a budget. This would give a great opportunity to a lot of students just like you and me.
ReplyDeleteHey Sarah! After reading your idea napkin I can really see how you took the feedback you received and made those changes. I have been enjoying reading about your business venture and think that have delivery as an option would set your company apart that much more. I also think that price is going to be your biggest enemy when it comes to this company, so if you are able to successfully decrease the price I think this would really be a great opportunity.
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