Worksheet+5H

[|[i]] WORKSHEET 5H Operational Requirements

Instructions
q With help from other members of your venture team, answer the following questions. Use Worksheet 5D: Success Factors and Worksheet 5E: Competitor Profiles for details. q It’s not uncommon to have difficulty answering some of the questions. This indicates a need for more market research. If your research is adequate, the worksheet should go quickly. _
 * 1. What did you identify in Worksheet 5D as the key operational success factors for this venture idea? Also list any customer and marketing success factors that have an operational component to them (they usually do).**

The key operational success factors:

- We need to have good nutritionist and chef advisors so we can come up with healthy and delitious recepies. - We need to have good chef trainners - We need to create a strong relationship with the local producers. We need to be sure they can deliver the necesary variety and amount of food to prepare the meals. In case it is necessary we can link the producers with organizations that can help them with business skills and capacity building.
 * -** We need to do some research on the food preferences of students

Marketing success factors with an operational component: - Educational campaigns are a must. Students, administrators and parents must be aware of the benefits of a healthy life style and of the importance of eating sustainably and of supporting local economy. We could organize movie nights, conferences, networking among youth activists, research competitions, food fairs, cooking lessons, etc.

2. **Facility:** What type of facility will be needed to satisfy the success factors? If you expect to use space the nonprofit currently has control over, what improvements will be needed? If new space will be needed, what are the requirements for that space?

- Office space for planning, meeting, and general discussions amongst those involved in the venture. This place will require computer, telephone, tables, chairs, general amenities. - The kitchen/cafeteria space of the school to carry out the plan.

3. **Equipment:** What kinds of equipment will be needed to run this venture and to meet the success factors?

- Computer for planning and communication purposes. - Credit card, invoicing systems to charge the school.

4. **Production Processes:** What types of production processes or activities will be needed to create products and prepare them for sale in a way that satisfies the success factors?

- marketing tools such as posters, sampling campaigns to promote the plan to the students and school community.

5. **Supply Chain:** What relationships with suppliers and other providers will be required to run the venture and satisfy the success factors?

- Have a list of local suppliers that will be able to meet the daily demands of the school. - Bulit and maintain a long term relationship with the supplier to make sure they will meet the orders.

6. **Staffing:** What type and level of staffing will be needed to operate this venture in a manner that meets the success factors?

- We would need minimal staffing, the three of us, a clerical personnel, and a nutritionist to start off.

7. **Key Ratios:** What are the key operational and financial ratios that experienced managers in this industry track and manage to ensure success? What kinds of results does your research indicate you need to achieve with this venture?

[|[i]] //Copyright 2002 Amherst H. Wilder Foundation Published by the Amherst H. Wilder Foundation, 919 Lafond Ave., St. Paul, MN 55104// May not be copied or altered except for use by organization or individual who purchased this book. May not be resold.