janjaythegreat

[janjaythegreat]

This week, our group focused on reaching Milestone 4, which is the crucial step in getting money for our Fish Box project. We came to the important conclusion that obtaining the appropriate funding at the appropriate moment would be crucial to turning our creative idea into a scalable, long-term company as we dug more into the unit economics and financial predictions.

Our first-year financials showed a 30% gross profit margin, which is encouraging, but they also showed the hefty operating costs needed to get our product to market. Even though our long-term forecasts show promise for expansion and profitability, it is important to recognize that starting a business requires a substantial initial investment.

Developing a well-thought-out financial plan becomes a test of pragmatism and ambition. We realized we needed to investigate a carefully considered range of funding options, including venture capital, angel investing, bootstrapping, crowdfunding campaigns, and possibly more. We must carefully consider trade-offs associated with each choice, including control, dilution, and alignment of interests with possible investors.

The significance of carefully outlining our capital strategy and matching it with anticipated milestones and growth stages was one of our most important realizations. Having the appropriate capital in place at the right time could be the difference between continued success and stagnation.

Overall, this achievement highlighted how crucial financial preparation and strategic decision-making are to the entrepreneurial process. Moving forward, we must view finance as an essential part of our overall strategy, not merely a means to an end. This involves navigating the risk-reward landscape with caution and having a thorough understanding of it.

[janjaythegreat]

The week's focus was on Milestone 3, where we examined the Fish Box venture's finances and go-to-market strategy. It served as a sobering reminder of the figures and business plans required to turn our creative concept into a successful venture. It was enlightening to project our financial strategies and forecasts for the ensuing five years. It made us carefully weigh every expense associated with it, from supplies and production to marketing and distribution. It was a difficult balance to strike between our lofty objectives and reasonable revenue expectations, underscoring the significance of careful financial planning and risk management.

Developing a strong go-to-market plan was also essential. Our Facebook page and branding video sought to clearly convey the Fish Box's distinctive value proposition to our intended audience.

Although it was difficult, it was essential for creating a strong market presence and increasing brand awareness to condense our complicated product into an understandable story.

All things considered, this achievement highlighted the complexity of entrepreneurship. Having a brilliant product idea is not enough to make it a commercial success; you also need to have a thorough, well-thought-out plan. We must handle the financial and marketing elements with the same rigor and strategic thinking as the technical ones since they are as important.

[janjaythegreat]

Our team presented Milestone 2 this week for our Fish Box business, going deeper into important areas such as lean canvas model, MVP planning, competitive analysis, and MVP validation methodologies. How important it is to differentiate our unique proposition and have a deep understanding of the competitive landscape was one of our biggest realizations. Since there are currently a number of portable cooler solutions available, we must emphasize how our thermoelectric, solar-powered design precisely addresses the particular difficulties experienced by fish dealers and fisherman.

The process of reducing our business model's essential components to a single page through the mapping out of our lean canvas was enlightening. Our client groups, value propositions, channels, and income streams all had to be refined as a result. Going forward, aiming for that focus and clarity will be essential. The process of defining the MVP was difficult and enlightening. Prioritizing the crucial elements that can be rapidly developed and tested is necessary to prevent ourselves from being overly preoccupied with making the bells and whistles flawless too soon. We can quickly get user feedback with astute MVP validation approaches, allowing us to iterate and pivot as necessary. All things considered, this milestone demonstrated the extent to which strategic thinking and leanness are necessary for the effective launch of a new product. Making our Fish Box a viable endeavor that actually enhances the cold chain of the fishing industry will require us to continuously assess our hypotheses against actual data.

[janjaythegreat]

This week, our team got to showcase our Fish Box project, which aims to address the difficulties fisherman and fish dealers encounter in maintaining the quality of their daily harvest. It was an opportunity to demonstrate our Milestone 1. During the preparation and delivery of our presentation, we came to numerous important conclusions. First and foremost, we understood how crucial it was to state our project's "why" in unambiguous terms. We need to give a clear picture of the issue we're trying to solve and the impact we want to make, not just list the features of our product. The substantial food waste, financial losses, and environmental contamination brought on by the fishing industry's lack of dependable and long-lasting refrigeration solutions were all highlighted in our presentation deck. expressing this issue. Second, we were aware of the importance of client approval. In addition to giving us insightful knowledge about their demands and pain areas, our study and interviews with fishermen, seafood dealers, and end users also worked as a potent demonstration of the market need for our solution. Through the dissemination of both quantitative and qualitative data, we were able to confirm the market potential and emphasize how urgent it is to address this problem.

Our crew is dedicated to improving our pitch as we proceed. We'll keep refining our ability to articulate the core of our business while making sure that it is supported by thorough market analysis, customer validation, and a well-designed solution. By achieving this equilibrium, we want to not only provide a

[janjaythegreat]

Our group got the chance to present our Fish Box venture pitch deck to a group of industry experts this week. Although they expressed support for our creative approach to addressing food waste and pollution in the fishing sector, their comments made us aware of an important but sometimes disregarded factor: the storytelling power. The panelists made the observation that while our presentation was informative, it lacked the captivating storyline and captivating delivery that would have made it truly captivating for the audience. Too formal and "stiff," we didn't bring the emotion and energy necessary to make our proposal actually resonate to the audience to our pitch.

Technopreneurs often lose sight of the fact that, in the end, we're selling more than simply a product because we become engrossed in the technical specifications and useful features of our offerings.

We must bring our own personality and sincere excitement to the story while vividly describing the issue we're trying to solve, the influence we hope to have, and the trip we're taking. Furthermore, the panel's recommendation that we include the product architecture in our upcoming presentation served as a helpful reminder of the significance of finding a balance between the "big picture" and the specifics. Although compelling narratives are important, we also need to support them with reliable technical data to show our legitimacy and the viability of our project. Our team is committed to putting these lessons into practice as we go. We'll aim to create a pitch that is more visually appealing and captivating, one that genuinely conveys the enthusiasm behind our project while simultaneously

[janjaythegreat]

Week 6

In the process of creating our sustainable refrigeration project, our group spoke with thirty prospective customers, vendors, and fisherman. Although obtaining information to support our product ideas was the main objective, I also learned something more profound, including a humble viewpoint and unexpected knowledge. After having direct conversations with seasoned fishermen, I was impressed by their consideration for environmental issues in spite of their difficult financial situation. Many expressed concern about the effects of plastic pollution and acknowledged the wastefulness of Styrofoam boxes. But because it was expensive and there were no other options, people felt confined to using Styrofoam. Their willingness to consider our renewable cooling solution, if it was cheap, rekindled my passion to expand access to sustainable solutions.

More evidence that environmentalism cannot be an elite privilege came from the seafood dealers. They emphasized any price premiums even if they were excited about the benefits of quality preservation required to be minimal in order to support initial outlays. The subtleties of striking a balance between strict operating margins and ecological concerns were clear to me. These practical facts highlighted the need for sustainability to support livelihoods rather than impede them.

Most importantly, the end users—families with different income levels—shared viewpoints that broadened my narrow perspective. Not only did they assess our product using a cost-benefit analysis, but they also raised important concerns like moral labor standards, dietary guidelines, and the financial effects on the community. I came to see that sustainability is more than just clean technology. Real solutions have to be inclusive and just.

As a prospective engineer, I know how important it is to keep an open mind in order to develop solutions that are flexible, moral, and truly inspiring. Combining technical skill with emotional intelligence—approachability, compassion, and insight—energizes me.

[janjaythegreat]

Crafting Innovation with Intention: Finding Purpose Through Value Proposition Canvas

As our Technopreneurship group created the esteem suggestion for our eco-friendly versatile cooling arrangement "Cooler Team", I found myself encountering a shocking however significant individual realization. What started as a useful work out in mapping out client torments, picks up, and item benefits, opened more profound experiences into my inspirations as an build. Piecing together the financial strains confronted by humble fisherfolk from ruined catches and the natural harm caused by omnipresent styrofoam boxes shone a light on the genuine human and environmental tolls of unsustainable hones. Abruptly, our specialized thermoelectric refrigeration got to be more than fair an innovative application - it spoken to a pathway to address fundamental needs with climate-positive development. This clicked something inside me around the potential of mechanical building to be a device for a all encompassing positive affect when arrangements are purpose-driven. Of course, I've continuously uniquely acknowledged supportability and social obligation. In any case, this substantial work out of articulating the true torments, picks up, and comparing item esteem to underserved partners like fishers made those amazing concepts at last feel substantial. In that charged minute of mapping affect pathways, I realized this can be the sort of work that mixes my enthusiasm as an build. Making eco-positive items guided by a all encompassing understanding of financial and natural settings is my calling. This arousing has me enthusiastic to advance investigate complementing my specialized considers with coursework in regions like green plan, life cycle investigation, and advancement building. I need to manufacture a career catalyzing planetary recovery through astute development - and this action started that awareness

[janjaythegreat]

As part of our Technopreneurship lesson/class, our group gave a advance report on our venture in creating an eco-friendly refrigerated angle capacity box. Whereas investigating thermoelectric cooling and separator materials, I picked up a few important experiences. Investigating coconut husks made me reflect on how much inventiveness remains undiscovered in circular economy arrangements. I was flabbergasted by how this copious rural byproduct might beat customary insulin whereas being renewable and biodegradable. I too got energized envisioning how TEC innovation might upgrade cold chain and nourishment conservation in creating communities, and perhaps at the same time combating starvation, climate alter, or appropriate squander transfer. Past the specialized perspectives, this extend is moving how I approach plan from a maintainability attitude. Rather than optimizing for contract variables like fetched or performance, I'm learning to assess a more full lifecycle picture - materials sourcing, vitality utilize, end-of-life, and social affect. Genuine maintainability implies making biological systems and considering around recovery over degeneration. This involvement enlightened the control of building to create cleverly arrangements that harmonize cutting edge needs with natural revival. I feel motivated to carry this awareness forward, finding openings to usefully consolidate innovation and nature's shrewdness. As I proceed my thinks about, I trust to assist investigate biomimetic plan standards that permit advancement to imitate net-positive, zero-waste frameworks. The way to a flourishing future lies in realizing our total interdependency.

[janjaythegreat]

We conducted and gathered in a game 3 where we collaborated to imagine a more positive future. Our primary objective was to help small-scale anglers who cannot manage refrigeration and consequently battle to keep their capture new. We devised solar-powered iceboxes to assist protect angle without utilizing styrofoam, which is awful for the environment. We conducted interviews with angle sellers, clients, and anglers all through our exercises to superior get it their needs. We too learned that a part of angler lose cash since they can't keep their angle new for exceptionally long. We learned from our interviewees how vital it is to construct bigger, more solid iceboxes in arrange to suit more angle. We found from our discussions that keeping up new fish is as it were a little parcel of the issue. Furthermore, we must ensure that the angle keep up their coldness from the time of capture until they are sold. Talking with angle sellers uncovered to us that they can be profitable collaborators in educating buyers approximately our arrangement. When we reflect on our work, we recognize that we must proceed to pay consideration to the individuals we are endeavoring to help. In arrange to guarantee that our thoughts ended up down to earth arrangements, we moreover ought to collaborate closely. Our objective is to persistently create and see for strategies to progress the lives of anglers and all those related with the angling commerce. 

[janjaythegreat]

"Success is not just about achieving your goals; it's about the journey, the perseverance, and the lessons learned along the way."

In Technopreneurship 101 course, they engaged with the inaugural video featured on the Center for Entrepreneurship & Technology's Facebook page. It emphasizes the establishment of a self-learning environment, fostering student engagement through hands-on experiences. After that, our professor, took a proactive step in fostering collaboration among themselves. They were divided into groups and given an assignment to present the Game 1 centered around the theme of "Uncovering Solutions to Global Goals Through Storytelling and SMART Brainstorming". Due to personal problem, i wasn't able to attend the week 1. But now im trying to cope up with what i am missing.

[janjaythegreat]

We fair conducted a Technopreneurship bunch work out called game 2 where we examined maintainable farming as a crucial component of worldwide improvement. We had discussions around how cultivating strategies may be revolutionized by innovation to gotten to be more biologically neighborly. We looked into thoughts like vertical cultivating, which maximizes trim surrender whereas utilizing the slightest sum of water and arrive. We too looked into how sensors and mechanical technology may be utilized to make strides rural hones and reduce their natural affect. Amid our talks, we broke down numerous viewpoints of feasible cultivating, counting item, cost, and handle, utilizing the 7Ps system. We were able to inquire critical questions and have a greater understanding of the prospects and issues within the field of sustainable horticulture much appreciated to this systematic approach. We moreover took portion within the intriguing "Daze Side" movement, which made a difference us to recognize the information and obliviousness we had with respect to maintainable farming and highlighted ranges that required more inquire about and instruction. As we considered our combined encounters, we realized how imperative innovation is to the progression of maintainable farming methods. We did, in any case, too recognize the field's inherent complexity and the steady require for inquire about and development. Our group's objective going ahead is to advance indeed more participation and thought sharing since we know that by continuously learning and developing, able to make a critical commitment to the advancement of feasible farming. At last, our investigation of game 2 highlights the esteem of transdisciplinary communication and hands-on learning in handling critical worldwide issues. We trust to open up modern entryways in feasible horticulture by utilizing innovation and cultivating an state of mind of request, opening the entryway to a more strong and fair future.