- Refine the detailed income statement for your venture for two years (at six month intervals) or a more appropriate time scale. Explicitly state the assumptions that underlie your financial model.
- Refine the Business Model for your venture based on your revenue model. You may use the Osterwalder BMC to refine your business model but prepare one or more visuals that explain how your venture will work and accomplish your BHAG.
- Develop an M&E plan for your venture.
- Clearly list all assumptions
- We could assume that people would be willing to purchase mushrooms because it would provide them with a source of protein that their meals often lack.
- We could assume that we will more or less have the proper climate in the country to grow mushrooms.
- Identify short-term and long-term success metrics.
- Short term:
- Mushroom yields are being completely purchased
- Produce 100kgs of mushrooms per week
- Whether or not people are eating mushrooms on a regular basis
- Identify if exposing generational spawn increases/decreases the shelf life of the spawn.
- Long term:
- Reduced percent of malnourished children in makeni
- Reduced percent of stunted children in makeni
- Increased food supply during hunger months
- Making more people aware of different types of farming
- Reaching new markets
- Identify specific methods to measure the metrics.
- Contacting local hospitals in Makeni to get statistics on children have developed over the years
- This can be measured by comparing the height, weight and the body mass index of children before and after they started to implement mushrooms into their diets
- Reports if our mushrooms are being sold out or how much is being sold
- If they are not sold out, is it because we are producing too much and need to reach out to new markets
- The rise of new crops and more mushroom houses would prove the advancement of farming
- Reach Freetown
