Supply and Demand | Goods and Services | Business and Enterprise

LI: to learn more about supply, demand and business.

This week Mr. Ogilvie invited a childhood friend over to talk about Business and Enterprise. She talked about how she started her business off by scratch and how here original idea was to stop food waste. 

Michal is a small business owner that has been planning for 2 years time. Her business is now 6 months open. She is aiming to be environmental friendly. She is trying her best to help solve the food waste problem & could be distributed to those in need.

Climate Change

Food is needed to survive and is one of the main priorities of survival. The problems come with how food is cared for and produced. Overproduction means 1/3 of food provided is wasted every year. That means 1.3 billion tonnes of food is being wasted! If the food waste goes to the landfill it will have a result of decaying and this produces methane gas which contributes to climate change which impacts the earth.

Food waste

There are 20 million loaves of bread wasted in NZ every year. Wasted natural items and resources. Labour and money is being wasted and technically just being thrown down the drain! That is a big waste because it takes time, money, effort and energy just to put it up into the market. Think about the process of having to make the product and being able to sell it.

Foodprint

Foodprint is an app & business that provides food at low prices instead of wasting tons of helpful food when demand of the product has decreased. The service providers need to cut down the scope to be successful for this. Foodprint is also a social enterprise to help people, businesses and our planet!

Constructing the Business

Naming a business is crucial to making a business and to think about where it’s going to be seen. Will the name fit on screen? What will be shown on the app? Is it catchy? Can it become a brand? The Logo and colours must immediately recognisable so people notice which certain business it is.

About 250 cafes supply the food to meet the costumer demand. Promoting, Advertising, Marketing are things needed to think about in order to grow your business. Hooking in new people & capturing interest are important so that the news of your business will spread and become more popular and noticed.

Credits
A digital thanks to Michal for creating this presentation in order to explain and teach us more about business, supply and demand.