Personally, I’ve asked myself: How can we make our impact larger?
This is what I’ve thought:
According to our financial projections and the spendings we plan to have this semester including the food cart and the wages of the teacher for Habla Roosevelt, having income at the rate of 80 smoothies per sale, twice per week, for 11 weeks, at 40% profit margin; we’ll have enough money to open another set of BlendZ. And what do I mean by another set of BlendZ? Taking into account the sum of values of every object that must me bought to start the company. These includes the food cart, freezer, fridge, blenders, etc. Our assets by the end of the semester can afford all of this.
And what are we doing with this. Well, to have an increase in demand I think it would be a great idea to partner up with another school. We can approach the school with the following two options. In the first one, if they wan’t to join in to our initiative, we would give them the loan for them to buy the initial equipment and start selling. After a certain period of time, they should have paid us back the loan. In this scenario they would follow a set of conditions we place for them such as the number of sales, prices of smoothies, investments they have and most importantly how they conduct potentially something called “Habla Markham”. Otherwise, if they don’t want to get involved, we can go into their market as Roosevelt students having more revenue streams, increasing our profit and consequentially increasing the amount of students attending to Habla Roosevelt. It doesn’t seem that hard. The challenge isn’t proposing this to schools. There should be demand and interest for us. In fact, I’ve started to think how to approach them, but I won’t if we, as a team, are completely sure that we can do something to prevent that our decisions of expanding our company fuck up our culture: our most valuable attribute.
More and more things come up to my mind when thinking about the next steps BlendZ should take as a company. Underemployment is just an example. In the long run I don’t think students should be working constantly selling smoothies. That’s just an opinion. And out of all these things, there needs to be group brainstorming, to think about the potential of the ideas and we need to set up scenarios to see that they won’t fail. During this upcoming week this will be my focus. By the end of it, I want to have clear thoughts of what we want to do, and most importantly: to start doing it.
Thanks for reading! I’ll continue updating you about this in my upcoming blog!