Fundamental Startup Assignment Copy
Fundamental Startup Assignment Copy
CLASS:F.Y.BCOM.
ROLL NO:7.
1. SELF ASSESSMENT
Strengths:
Weaknesses:
Opportunities:
Threats:
2. Market Research
4. Idea Evaluation
5. Validation
MVP (Minimum Viable Product): Create a small-scale pilot,
such as delivering fresh milk to a limited group of customers in
one area.
Customer Feedback: Collect feedback from early customers
regarding the quality, price, and delivery service.
Data-Driven Insights: Analyze sales, customer retention, and
operational costs to understand viability.
Market Testing: Partner with a few local stores or online
platforms to test your product in different environments.
6. Refinement
Based on feedback, refine your operations. For example, improve
packaging, streamline delivery routes, or introduce additional
product lines like flavored milk or milk-based snacks.
Refine your pricing model to ensure profitability while
maintaining competitiveness.
Optimize technology to track milk quality, manage inventory,
and communicate with customers.
1.Technological Advances:
2.Market Dynamics:
Demand Fluctuations: Monitor market trends like demand for
plant-based alternatives or organic milk.
Customer Preferences: Rising interest in health-conscious,
sustainable products could drive demand for fresh, organic milk.
Brand Loyalty: Focus on building trust through transparency
and high-quality standards.
3.Economic Factors:
6.Competitive Forces: