30 March 2016

Venture Concept No. 1

Energy is required to survive, and food is how we get that energy, whatever that food may be. Some bacteria use basic carbon molecules, grass uses the sun, and we eat other living things, but it is all food. Humans have evolved to eat complex meals that require complex cooking, but it is not a requirement. I propose the Quick Cheffer because it will simplify the meal preparation process and save time in people’s schedules while still being healthier than microwave meals and fast food.

There is an opportunity area in the food industry for faster food prepared in one’s own kitchen. Microwaves are fast, but they cook unevenly and often create more mushy meals than when they were freshly prepared. Ovens reheat the foods and keep texture, but they take a long time. Microwave meals are not very healthy and are often very processed. People are always busy at work or school, and very few people enjoy the process of cooking so much that they would rather perform it than save time. The main reasons people cook food over eating out is to save money and retain more choice. The most important choices for many people are the health benefits offered from the options, which is more easily controlled in one’s own kitchen. Fast food is an easy out to get food quickly or on the go, and most fast food locations are working on becoming more health conscious and having more options. The problem then would simply be that it can cost a lot more to go to a fast food location for every meal, and requires time for transportation if it is not on the way. Studies show that the most common fast food customers are those households that make over $60,000 yearly. This means that they have the means to purchase an additional kitchen appliance, and they simply desire a faster and easier meal option. The highest amount of fast food consumers are located in the states with higher median household incomes, like the Northeastern United States. There is also a high number of fast food restaurants in Minnesota and the surrounding states. These areas and income demographics hold an opportunity for an in-home appliance that would cook their food automatically and quickly.

My product, called the Quick Cheffer, is an automatic cooking machine with an internal computer for processing a large amount of food options. It would retail for $500, and the core concept is that it will rehydrate dehydrated food through specialized processes. Currently, if somebody wanted to rehydrate some vegetables or jerky they would have to man a frying pan with water and the food inside. The Quick Cheffer would be able to rehydrate any chunks of dehydrated food through a steaming process that would not require anybody to be present as the current process does. It would also have an array of pre-packaged meals that could be prepared quickly for a set number of people. The computer would have pre-programmed cooking directions for such packaged foods distributed by me, but it could be requested at varying doneness for meats or temperatures for other food components. It would have a searing mechanism for sealing in the flavor of meats the way grills do as well. The idea is to systematically add water to the meals in very specific quantities and temperatures to prepare the pre-made meals. I would also eventually offer a dehydrator for people to prepare their own meals and snacks as well as cook books. My products would also eventually have the option to be installed in homes as they are being built the way most kitchens come with a refrigerator and an oven. This partnership with builders would be huge if my product develops a market the way that I know it can.

The business itself would be a small team of executives for marketing, sales, and operations management. There would but a small production facility initially, until it became feasible to grow production capabilities. There would be a total of only 20 or so employees underneath the executives total, with the majority being dedicated to actually manufacturing the product itself. The Quick Cheffer has no true competition because it is a completely new kitchen appliance. The only other way to rehydrate food is a frying pan, and the only way to prepare a quick meal is by microwave, which produces very different results to my proposed product. The ability to prepare good, quality, and healthy meals in one’s own home is important to many people, and my product allows them to do so with minimal effort and time required. The goal is to take some of the fast food industry’s customer base, the ones who are busy and place a high priority on their own time. These customers would need to be sold on the product’s legitimacy and effectiveness, so we would need to have a lot of taste-testings for people to see for themselves the product’s ability to help. I would need to reach out to large wholesale businesses to get this done. I would also need a colorful yet simplistic approach to marketing in order to convey the product’s complex systems without using too complex of a vocabulary. It will be hard to get the first people to buy the product, but it will spread by word of mouth on its own and without too much difficulty once it establishes customer support.


The Quick Cheffer will become the new kitchen essential for all families, and it will simplify daily life. The subsequent versions will offer more high tech and low tech options for a larger range of the income demographics, and it will be a truly revolutionary machine for the kitchen. Go ahead and chef up some meals, quickly.

27 March 2016

Week 11 Reading Reflection


  1. I was a little bit surprised at the assessment of innovation's core failures. I thought it was just difficult to always change perfectly in line with people, but he points out that there is some commonality in successful innovations.
  2. I think that it is probably a lot more difficult than just recognizing new technology's benefits in new pursuits, but maybe that is the core of innovation.
  3.  
    1. I wonder if the author would consider alterations on the way to a goal the common form of innovation or setting a goal to innovate?
    2. Is there a common thread in successful innovation strategies that companies should start with?
  4. I didn't think anything was wrong.

The Amazon Whisperer

My venture would profit mainly from it's keystone product, the Quick Cheffer. I would also sell pre-packaged food for the appliance. Those would be the revenue streams as of now.

The next product would be a dehydrator for people to prepare their own meals to use with my appliance. I might also offer cook books and/or classes for my products. These will enhance my business's ability to serve the customer in many ways, offering more independence or more assistance, depending on which direction they choose to go.

Amazon has many dehydrators listed from common kitchen appliance companies. The above is an Aroma Professional 6 Tray Dehydrator. It is listed at $150 and it simply uses a fan and low heat to dry out the food inside. Most reviews (84%) are 5-star ratings because they love the shelving features and its relative efficiency. My idea was to nearly particulate the food in order to mix it with the spices. The dried particulate would be good for meals as opposed to snacks if i can effectively rehydrate it all in a way to create actual meal-level food. A dehydrator would be a great pairing with a rehydrator, if just makes sense.

13 March 2016

My Secret Sauce

My Sauce:
  • I am extremely good at understanding people's thoughts and feelings
  • I have a large amount of knowledge in many varied different areas
  • I am very good at communicating complex ideas to any and all people
  • I am almost always successful when I care about something and put my mind to it
  • I have a lot of emotions, but I know how to control and direct them in order to be productive
Nick:
https://www.dropbox.com/s/vqbiq4r13hrgt9k/Recording%20Nick.m4a?dl=0
Intelligent, empathetic, and passionate, those are the things that I would personally like to emphasize about myself. I respect his opinion above most anyone else, and it means a lot to have his description mirror mine.

Amanda:
https://www.dropbox.com/s/9y7n5tv60a2fpgb/Recording%20Amanda.m4a?dl=0
A lot about emotional abilities, which makes sense given our relationship. I think it was interesting to see that she didn't think that I completely understood myself, but I think she meant with regard to specific instances, not overall. I would agree that in a given situation I don't understand myself, but on the whole I think that I have a pretty good idea.

Sam:
https://www.dropbox.com/s/acvm5lz5m6hyh9k/Recording%20Sam.m4a?dl=0
Intelligent, good at helping other people understand as well, don't respond well to authority figures, pretty open. There are several overlaps, especially the ability to communicate, but her point about my interaction with authority is something that I hadn't thought about.

Russel:
https://www.dropbox.com/s/3j4baqmltk8y6ke/Recording%20Russel.m4a?dl=0
Smart and kind are two ways of saying what I was trying to with empathy. Also, his comment about honor, even though I had to give him that specific word, was interesting and important to me. Overall, he described me pretty similarly to how I described myself, and the consistency I am getting makes me feel good.

Paul:
https://www.dropbox.com/s/bmqvmuvz98cnbnp/Recording%20Paul.m4a?dl=0
Even though we don't talk that deeply, he seemed to understand me very well, almost too well. I think the final point about my diversity of interests battling for precedence was very accurate, and it was not a way of explaining my distractions I had considered prior. Still, pretty similar to what I thought about myself.

Week 9 Reading Reflection


  1.  It was surprising to hear that most entrepreneurs "shun" marketing research due to its complexity.
  2.  I was a little bit confused about the internet marketing principles listed because of how specific they were.
  3.  Are there different ways to segment markets other than price and quality?                                    How do companies make New products known to people?
  4.  I just find it hard to believe that most entrepreneurs don't believe in marketing research, but maybe he is correct.

08 March 2016

Idea Napkin #2

I am a normal guy who loves normal things, like sports and music. I also love knowledge, and it is my number one goal in life to learn as much as possible about everything that I can. I am passionate about this pursuit and have focused that desire into engineering. I am intelligent, well-spoken, and dutiful to all those around me. I want to someday become a biomedical engineer who researches cellular processes and makes dramatic changes to the medical field that benefits the entire world. This business, if it became as viable as the idea itself is, would fund my research and help me towards the ultimate goal of creating an engineering conglomerate for advancing all areas of science.

I am offering a way to save time and effort, while still retaining the elements of choice and health. Food is a requirement to live, and it is something that I have found can be as much a hassle as it is an indulgence. If I never had to eat again, of course I would because I love food, but I would be much more particular. Simplifying and automating the cooking process would offer people more flexibility with what they eat while still allowing them to be as particular about what they put in their body as they could possibly like. I offer more time, more choice, and healthier opportunities for the average person needing to cook their own food.

I am targeting busy people who want to have more control over when and what they eat. People like college students living on a specific budget looking to plan out their meals far in advance or busy business professionals who eat their three meals a day in the office or working on projects are the main demographics. Those needing fast food without the mystery meat, those needing healthy foods without the commotion, and those who simply want to avoid the effort required to make a nice meal for themselves are who I am targeting, people who know the value of time.

They care about my product because it allows for meals to be prepared ahead of time, thus quickening the cooking process. It allows people to keep track of exactly what they are putting in their body, if they so choose, while still having it ready with minimal effort and time input. Maximum output with minimum input is why they care; everybody wants to find easier ways to get what they want. My idea is a product that cuts out the need for many food services, thus keeping ease constant and prices lower than food delivery services and meal plan providers. There would likely be a delivery option, though, if they so desire. They care, ultimately, because freedom to choose is what they want, and it is also what I offer.

My core competency is that I have the knowledge of food and health that would create delicious meals while still minimizing preparation time and effort for the consumer. Our product and service is to the individual through our belief in the value of time and choice.

My idea fits together well, except for the product itself. It would be a very particular piece of equipment that I have neither the means nor knowledge to create. The strength of my idea is the appeal to basic needs and desires that are always important and at the forefront of people's minds. I have said repeatedly how important people's time is to them and whatever it is that they invest it in, and I truly believe that. I also believe that everyone else agrees that their time is one of the most important things they can offer, so they are always looking for ways to optimize processes, especially the ones that are most basic and menial. They also love choices and feeling in control of themselves and what they do, so my product emphasizes the variety of food and appeals to all types of people. As soon as my product is functional, I am extremely confident in its outlook.

I have a new emphasis on time rather than ease of use, which makes the product a bit more complicated to actually manufacture, and I have been brainstorming ways to achieve this desire. I also recognize a growing amount of people who would enjoy the product's services, more diverse demographics. The average parent spends so much time preparing food for themselves and their children that this product would be valuable to them as well. The more budget conscious client is still important, but not the only one willing to simplify their cooking process. Also, there is a large percentage of people who are vary health conscious, and I am emphasizing the ability to choose healthy options.