Tuesday, March 1, 2016

Amy Salin

Last Thursday we had a guest speaker by the name of Amy Salin who is assistant director from the University of Washington's Burek Center for entrepreneurship and she came to talk with the class about a few different competitions that have to do with entrepreneurship. The first competition she talked about had to with business plans and was titled Business Plan Competition 2016. Essentially the competition is a huge learning experience for those who have a business idea and want to see if it can garner any traction by submitting their business plan and getting valuable feedback about it. The grand prize for this competition is funding to help get your venture off the ground and other finalists also get s small amount of funding for their venture as well. The other competitions she mentioned were the environmental and medical innovation challenges, which have the same structure, but fit different fields other than entrepreneurship.

Mission and Vision Statment

We here at Stumblebox seek to be the best of the best when it comes to monthly subscription boxes. By offering our customers high quality products and phenomenal customer service we want them to know that we genuinely care and that we'll take every effort to assure them of that. With each monthly subscription stumbler we here at Stumblebox hope to help our customers stumble into something new.

Logo, Company Name, and Product

My company's name is Stumblebox and our goal is to assist our customers "stumble" into something new with our monthly subscription boxes called "Stumblers". Essentially how it works is that the customer will choose from one of our preliminary topic boxes, which will include: Politics, Video Games, Geek/Nerd, and Technology. While the selection may seem limited we do plan to add more of a selection in terms of box choice, but these are our starting options. After the customer chooses their box they will get to set their price at anywhere from $25-$75 (in increments of $10). The benefit of this is that if the customer wants to spend more to get higher quality products they can choose to do so and if someone would like to go on the lower end they will still end up getting at least one or two items of value. Our guaranteed value for these boxes is $15 on top of the price paid and we are able to do this by purchasing certain items at a wholesale prices, which saves us money, but customers will still get their monies worth.