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25A - What’s Next?

25A - What’s next?  Existing Market In terms of expanding my existing service, I believe something to look to consider in the future is adding useful features in exchange for higher monthly subscription rates. In the future, some of the higher subscription tiers could include special benefits to help make a user’s life easier, such as including a weekly or biweekly meal prep kit box that would be delivered to the users door. While our initial offering already simplifies our app users’ lives tremendously, this meal prep box would do that even more so, as it would cut out the need for customers to have to decide on their own what to purchase at the grocery store or even go altogether, save for some perishable goods, like milk or meat for instance.  Upon asking my potential customers what they would want to see in the future, the first individual stated that they would would like for us to expand past an app on a smartphone ad actually design and launch the same app for...
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29A - Venture Concept No. 2

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Venture Concept #1: YouEat! Opportunity While brainstorming about this idea, it almost immediately dawned on me that I should target a group of customers that I know from personal experience, young adults. A key component of my business plan is the notion that often times, people are busy and preoccupied with other life events to the point that they will leave little to no time to cook and prepare meals on their own. Based on my own life experience, I know that this demographic has an unmet need for healthier, affordable meal options that require little to no time for preparation and can be cooked very quickly. Individuals in this demographic need meal options that require minimal time, effort, and resources to produce.  The forces in the environment create this opportunity as a result of the fact that young adults in the United States typically work or study very hard while also having to focus their attention on a variety of other areas, including their social life, ro...
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3A - My Entrepreneurship Story

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Welcome to my blog!  My name is Nick Lorenzo and I am an undergrad business student at UF. I am currently studying and interning abroad this semester in London, which is something that will definitely impact my blog posts this semester! Overall, I do not have as much personal entrepreneurial experience as I would like, however, lately I have dipped my toes in the water so to speak. In order to fundraise for my study abroad trip this summer, I decided to sell as many of my family's and my own unwanted belongings as possible. This process was actually a win-win for me, as beyond making money, I was also inspired by Marie Kondo's Netflix show to declutter my life. As a result, working through this process was extremely personally satisfying as well. I listed many items online for sale as well as held a large garage sale in Miami to raise as much money as possible before I left. All things considered, I was pretty successful and made a decent amount that'll definitely h...
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