Month: October 2016

Plant-based foods are becoming more popular and the plant based food industry is growing twice as fast as the rest of the food industry. This is mainly due to recent health, environmental or animal welfare concerns, which the public is made aware of thanks to vegan or animal rights movements. This change helps a company called Daiya Foods. They are a producer of non-dairy cheese substitutes. According to an interview at this article, they expect a 100 million USD revenue this year from non-dairy cheese products alone. The total revenue from non-dairy beverages alone this year was 4.1 billion USD. I think this is a good opportunity for startups in the food business, to get into the plant-based food industry. There is a high potential of growth and a big market available already, from which they can benefit. This also gives the consumer more choices, and increase the availability of non-diary products. If this type of product is available everywhere, from the smallest convenience store to the biggest supermarket, it will eventually help the environmental effects of dairy farming.

Good afternoon everyone,

I just wanted to share a very helpful and insightful article I ran into in the Forbes website, “How Entrepreneurs Identify New Opportunities“. In it, professor Raffi Amit, a professor of management at Wharton, answers many questions I feel we as future entrepreneurs ask ourselves. It gave me an insight as to what are some of the most common mistakes made by new entrepreneurs, as well as what should be taken into account when starting a business. Check out the interview if you all get a chance.

http://www.forbes.com/2009/11/11/identify-new-opportunities-entrepreneurs-wharton.html

Hi, I found an interesting news.

There is a company in China called Ehang which is building self-flying drones. These drones can carry one person from one point to another. The passenger does not have to do anything except get in the vehicle, and select where to go. This machine works exactly like the smaller drones sold by many companies. It can lift straight up and land straight down, eliminating the need for a landing strip or airport. I think this is a lot easier way to commute compared to self-driving cars, which still have to sit in traffic and go around buildings. It seems reasonable to use the air for travel, because the technology is already available. Once this and other self-driving vehicles become the standard, I think the phobias related to flight or being in a car will be extinct. As human error decreases, the stress levels related to vehicles should go down considerably. In my opinion, this and similar technologies help human life on more levels than they realize.

So I have this venture plan to install vending machines all over New York filled with bike parts and also have tools attached to the machines as a self service for bike repairs. This wont require any labor cost, and has very low liabilities. All you need to do is make sure the machines are fully stocked and the tools are maintained and functioning. I will also be putting snacks and drinks too so that I can get everyone to use these machines not just cyclists.