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Business Practice and Entrepreneurship: Project Presentation 1
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Business Practice and Entrepreneurship BUSI
2010
Sandwich Delight
Problem Statement Food is purchased by majority of the individuals in
Trinidad and Tobago and sandwiches are eaten by every age bracket. Presently in the fast food industry there are only two options that consumers have Subway and Boomers. However a number of customers are not satisfied with what they spent their hard earned money
Issues faced by consumers:1. Taste2. Expensive 3. Unhealthy4. Waiting in Long Lines5. No delivery or drive thru6. No variety of local options7. Poor Customer Service8. Quantity
Solution Statement A franchise which sells savory and healthy sandwich’s .
That offers the convenience of quickly ordering food using a mobile.
We will provide1. Great taste2. Healthier Option3. Save Money4. Timeliness 5. Convenience 6. Alternative choices7. Excellent Customer Experience 8. Money’s worth of quantity
Comparative Advantage Comparative Advantage
Customer Service
Healthy
Tasty
Variety
Fast Service
Cheaper Prices
Business Canvas Model
Problem/ SolutionLack of customersWrong visionLack of capitalPoor ManagementSingle SupplierSingle customer riskInternet Connectivity
Prototype
Interview Questions for Mentor What are his/her opinions on introducing another sandwich selling company? It’s a good idea, creating a wider variety to customers. As an entrepreneur what factors appeal to customers? e.g cleaniness, seating, taste etc. All of the above including presentation Are there any trends in customer buying patterns and what are your working hours? e.g weekends,
evenings With reference to trends, customers buy to take away. It’s more about speed and efficiency. Working hours – morning to lunch What is the best advice you would give to startup business owner? Research and work within your budget. Which bread/vegetable/beverage sells the most and least? White bread, soft drinks, coffee and water sells the most Wheat and juice sells the least What would say is most importantly needed for a business in the food industry. Customer appeal What issues do you face with call in orders? Customers are vague, not sure what they want, always having to guess what they would want. Customers are not clear on directions, a clear knowledge of the area is needed. How often or what percentage of the orders are called in? 20%
Questions for customers
What problems do you face in the food industry? How many times would you eat a sandwich within a week’s time? As a customer what would you consider as your money’s worth (in the food industry) and the ideal cost a meal
should be? Do you have an Android or smartphone and know how to use it? If you had to message or order on a networking app instead of calling to place an order would you prefer that? Do you have a favourite bread, vegetable, meat or dressing that you prefer on sandwiches? Or what do you think
can be added to sandwiches that haven’t been used befor?