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I have never created a business model canvas/plan before this course. As I read over the material and worked on assignments I have come to realize I don’t have everthing I need to get up to the capacity that I need. I was putting a lot of focus into trying to get a second cut of hay. In the past I had another farmer help me with the hay harvest and in return I would give him half.The other half I would store in the barn loft area which took almost 2/3 of the space. I think I would be hard pressed trying to get all of the first cut in the barn meaning I have zero storage facilities for a second cut. In looking at the customer profile I believe the second cut would be more attractive as it usually has a better nutritional content. Even with that said, my prototype hay which is what currently grows in the field has to be analyzed to determine if the quality will meet the customer profile as well as checking the soil for its capacity to grow quality hay. The storage required feels like spoke in the wheel. This is going to require more thought.
Hi Sheldon,
Don’t be too hard on yourself. This is a process. It’s very natural for entrepreneurs at this stage to realize there’s a lot they don’t yet know. This process helps surface those items that need more research and consideration. This is a good thing 🙂
Just keep putting one foot in front of the other. As the saying goes, a journey of a thousand miles begins with a single step.
Erin.
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