Lakota Hills

Challenges and advantages of developing a specialty food line of credit The specialty food business washstand be rewarding and exciting, but it can also be a real struggle. Specialty foods can range from salad dressing to chocolate sauce to fragrant dirty moneys. If you can make it, you can sell itprovided you know how. The specialty food business is more rough trade than cooking, getting your product on the shelves and thusly off again into customers shopping carts. You can face up at it in two ways, when some people go grocery shopping they want not unspoilt a can of soup but something special. But other hand in an age when actually few capture the time to stay home and bake cookies, put up preserves or pickles, or spend hours over that simmering pot of soup or spaghetti sauce, most of us exhaust the supermarket shelves for take-home ripe(p)ness. So if youre renowned among family and friends for your famous chili or killer brownies or champagne jelly, then the specialt y foods business might be your piece of pie.The advantages to this business are that its creative and challenging, and if you consider in your product, it can be extremely rewarding. Besides the ability to whip up a toy with souffl or sorbet, youll need a subject fielding knowledge of safe food-handling practices, health regulations and product liability laws. A flair for food packaging is also a mustnobodys going to buy your delightful Danishes if they look dumpy.AdvantagesBeing your own boss. Creating your own work environment hours, flexibility, etc. Doing something in which you believe Reaping the benefits of hard work and long hours directly. Variety, challenges, and opportunities for creativity, full use of knowledge More open earning and growth potential Satisfaction of a winnerful venture, a product well received EmpowermentDisadvantagesRisk of failure Time Commitment 60-70 hrs per calendar week is normal Financial strain as assets become tied to business start up and su ccess Strain on family due to financial and lifestyle change Emotional burnout Unavoidable business roles/requirements youd rather not fill Rejection of your product by consumersIs their current strategy the best way to embodiment Lakota hills? Yes, their current strategy will work in the initial stages to grow into a profitable business. alike targeting specialty stores, chain supermarkets and targeting retail segment with consumer educational plan. How might they integrate other channels into their overall selling model? Marketing is the key for specialty food business. With the right amount of advertising and educating the consumers about the products, Lakota hills will be able to convince other channels too like food brokers and ego distributing retailers.They should still continue to target specialty stores, arts and crafts festivals, farmers markets, events to reach more consumers and first time buyers. And they should also start mail orders, individual mail orders and onl ine sales. If they choose the mail order route, Lakota Hills should develop their own get off list by having everyone who purchases their products or show interest to purchase at flea markets, festivals or other events stain a guest book with address lines. Another option is to place small magazine ads so customers can order products by mail. How will Lakota Hills make money?By increasing the fry bread sales. They should start considering Adding new line of related Native American products Creating online presence and sales Providing recipes to the consumers They should work towards creating themselves as a brand instead of a productAs an angel investor, would you participate in the round this venture is pursuance? Yes, I will be interested to participate in the venture. Because Lakota Hills has built up a good reputation, their business plan and financial projection looks promising. I will suggest targeting online sales if I have to invest. Online presence is the best way to rea ch millions of consumers.