HOW TO LEARN GOOD
PAST EVENT
BREW GOOD
Dive into the Dolphin Tank and pitch your new business concept to the world!
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NOVEMBER 25TH, 2024
FROM 6:00 to 8:00PM
Culinary Center, “Demo Theater” Room 133,
Main Street, Riverhead
What:
In teams of (approximately) FIVE students, come up with a concept to “open” your new brewery/restaurant. “Brew” can mean beer, tea, and/or coffee.
Where:
Culinary Center, “Demo Theater” Room 133,
Main Street, Riverhead
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When:
Monday evening, November 25th, 2024; 6:00 to 8:00 PM
Who:
Open to any SCCC students, any majors. The (mock) ‘investors’ be volunteers from the community representing various businesses and industries.
Why:
Realistic feedback will be shared, as students will work together collaborating on idea generation, and putting together authentic business plans.
How:
Professor McHeffey will be leading sessions to prep for these multi-media-presentations. Watch for details around Campus to learn how to put together and hone your pitch!
Sample Questions you may be asked at the Dolphin Tank:
​You'll be given a maximum TWELVE-MINUTE time slot to share details about your business (then the judges will ask questions). The best way to prepare for this is to pretend you are pitching your idea/concept/business to potential investors. Use those crucial first-impression moments to excite the investors, so they want to know more! Put your best foot forward - in many cases, that will be how your particular small business stands out from the others in some way, or shape, or form... be yourself, and let your passion shine through!
One. Please describe a typical customer experience in/with your business.
Two. How will you keep payroll costs efficient?
Three. What attributes will you look for in new employees?
Four. What will your hours be?
Five. How will you stand out from others... specifically competitors? lOW, what might be your "edge,' or "differential advantage?"
Six. Is the market for this idea meaningful, marketable, and measurable?
Seven. How will you "seed" viral word-of-mouth?
Eight. Briefly, share an overview of your income and expenses? How might you deal with a negative cash-flow, particularly in the beginning stages?
Nine. Do you think in five years, you'll still leap out of bed in the morning to go to work at this business?
Ten. 'Any thoughts or aspirations on expansion... franchising perhaps, or going public?
Eleven. Why should an individual invest in your business? Why would YOU invest in your business? Are you more comfortable with "angel investors," or "venture capitalists," or family loans, or bank loans, or...?