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Developing an entrepreneurial mindset :, Prototype produced - Coggle…

- - - - S.W.O.T Analysis
        
        Strengths
        
        Local partnerships: Ensures a steady supply of raw materials, builds community ties.
        
        Diverse applications: Burlap sacks versatile for home décor, horticulture.
        
        Environmental sustainability: Reduces waste, promotes eco-friendly practices.
        
        Unique product offering: Premium home furnishings and rustic décor from upcycled materials.
        
        Weaknesses
        
        Dependency on raw material supply: Vulnerable to fluctuations in jute sack availability.
        
        Limited scalability: Resource constraints and labor-intensive methods restrict growth.
        
        Market niche: Appeals primarily to a niche audience interested in sustainability.
        
        Opportunities
        
        Expansion of product line: Diversify offerings to attract broader customer base.
        
        Online presence: Strengthen digital marketing, e-commerce for wider reach.
        
        Partnerships with retailers: Collaborate with stores to enhance visibility, accessibility.
        
        Threats
        
        Competition: Entry of similar eco-friendly brands challenges unique positioning.
        
        Economic factors: Price fluctuations, consumer spending impact production costs.
        
        Regulatory changes: Shifts in environmental regulations may affect operations.
        
        Perception: Negative views on upcycled products hinder market acceptance.
      - Initial idea
        
        Used Jute, Burlap sacks taken from my parents coffee company.
        
        Used secondary research to find out about the Jute materrial, where it is made from and the wide variety of uses it has.
      - Customer empathy
        
        My target customer
        
        Home owners
        
        Wide age range of 20 - 70
        
        High disposable income
        
        new home owners looking to decorate with a rustic, modern twist
        
        Cafes
        
        cafes who are redecorating
        
        Either single pieces or multiple to cove a wall
        
        Customer benefits from my product
        
        customer feels they are helping the environment due to them buying an eco friendly, sustainable product.
        
        Customer receives modern, rustic art to decorate home or workspace
      - S.T.P
        
        Segmentation
        
        Coffee roasteries and coffee shops looking to dispose of used jute sacks.
        
        Consumers interested in sustainable and rustic home furnishings.
        
        Targeting
        
        Coffee roasteries and coffee shops struggling with storage space due to the accumulation of used jute sacks.
        .
        
        Environmentally-conscious consumers seeking sustainable and unique home decor items.
        
        Positioning
        
        Sack Supply offers a solution to coffee roasters' storage issues by upcycling used jute coffee sacks into premium home furnishings and rustic coffee shop decor, providing both practical and aesthetic benefits while promoting sustainability.
    - - Buy all ingredients, in bulk at a low price
      - Use cooking utensils I already process including Kitchen equipment that a have/ already paying for (in halls)
      - Advertise on social media/ group chats/ word of mouth
      - customer base being fellow students who live in close proximity
      - make to oder and hand deliver to anyone on campus
      - Sell mornings after popular nights out (e.g Thursday morning)
      - Steps taken
        
        Costs: 1 Hot dog = 62p to produce
        
        Estimated selling price =£2.50
        
        Asked ideal target customer weather they would be interested
- - - - I had to decide what size would I could use and how I could get the most out of the sizes sold. I made this decision by looking at various options, taking into account all external factors, to decide what would be the most financially viable and most effective for my product
  - - - I had to experience working with suppliers and transportation of goods.
  - - - Making the frames involved a lot of trial and error, resulting in a few mistakes, however every one I made became better and better.
- - - - keeping calm under pressure
      - managing high volume of work while keeping organised
      - culinary skills
      - working extensive hours with little time off
    - - top customer service
      - developing people skills
      - Bar/mixology skills
  - - - Team working: My success in various endeavors hinges on my ability to collaborate and cooperate with others effectively. I appear to possess the capacity to work well in pairs, groups, or teams, which is advantageous. While I enjoy the teamwork experience, taking a leadership role is also a possibility for me.
      - Self-management: As a student who excels in self-management, I demonstrate the ability to organize myself and take ownership of my learning and growth, which is advantageous given my positive attitude towards learning and recognition of its importance for success, both during my time at college and beyond.
      - Reflective learning:
        Having a solid grasp of my own strengths and weaknesses is invaluable for learning, as it fosters greater self-awareness and enables me to acquire knowledge that will be beneficial
    - - Indépendant enquiert:
        College learning involves tackling problems, surmounting challenges, and generating quality assignments and coursework, prompting me to reflect on my level of success and whether I'm adequately addressing the challenges presented by the college; I need to assess my focus on these challenges and consider adjustments to optimize my learning approach.
      - Creative learning:I believe I have the potential to think creatively, which could greatly benefit my college learning experience, although I also value maintaining focus; it's important for me, like many others, to discern when creative thinking is advantageous and when I need to prioritize focus, as this will impact my performance.
      - Effective participation:
        Although I may not naturally assume prominent leadership roles, I likely have commitments and passions that drive me; college offers a chance to contemplate ways I can contribute to community involvement, perhaps not as a leader, but as an impactful participant.
    - - I prefer working with others, although I am capable of working independently when necessary, such as during studying.
      - Building relationships and utilizing my communication skills are essential for success, as achievements often require collaboration and interaction with others.
      - Starting new projects or courses energizes me, and I enjoy initiating tasks and generating enthusiasm, but I need to be mindful of my tendency to leave things unfinished.
      - While I can focus on completing tasks, I thrive on variety and creative thinking, often jumping between tasks and seeing unconventional solutions.
      - I excel at identifying opportunities and solving problems, but I may struggle with adhering to rules and expectations, requiring me to balance my desire for freedom with meeting others' expectations in academic or professional settings.
- - - - 3x 1in x 2 in wood
      - cut with downs into (2 x 2.1) and (1 x 1.2)
      - glued and screwed together
      - Coffee sack measured, stretched and stapled onto frame
      - small rope attached in order to hang
      - All equipment I had inuse already
      - timber cost £24 for 6 sack worth
      - £4 per piece in timber
    - - ingredients bought
      - 62p to produce one
      - opinions asked from peers
  - - - Friend who is a professional photographer
      - photos taken in a cafe which is my exact target customer
    - - free software online