ENTPRENEURSHIP

3Q QUESTIONNAIRE GUIDES

1. What is the target market for your food product?

Possible answer: Our target market includes health-conscious

individuals aged 25-40 who prioritize organic and sustainable food
options.

2. What sets your product apart from competitors?

Possible answer: Our product stands out due to its unique flavor
profiles sourced from locally-grown ingredients and our commitment
to environmentally-friendly packaging.

3. What is your pricing strategy?

Possible answer: We aim to position our product as premium but

accessible, with a price point that reflects the quality of our
ingredients while remaining competitive within the market.

4. How do you plan to distribute your product?

Possible answer: Initially, we will focus on direct-to-consumer sales

through our online platform and local farmers' markets. As we scale,
we will explore partnerships with specialty grocery stores and
distribution to regional retailers.

5. What are your production and sourcing methods?

Possible answer: We prioritize sourcing ingredients from local farms

and producers whenever possible to ensure freshness and support
the community. Our production facility adheres to strict quality control
measures to maintain consistency and safety standards.

6. How do you plan to market your product?

Possible answer: Our marketing strategy includes social media

campaigns, influencer partnerships, and participation in food festivals
to raise awareness and engage with our target audience.
7. What are the potential challenges in scaling production?

Possible answer: Scaling production may pose challenges in sourcing

consistent supplies of high-quality ingredients and maintaining
production efficiency without compromising on quality.

8. How do you plan to ensure food safety and regulatory

compliance?

Possible answer: We have implemented rigorous quality control

procedures and regularly engage with food safety consultants to
ensure compliance with local and federal regulations.

9. What is your sales forecast for the first year?

Possible answer: Based on market research and sales projections,

we anticipate reaching $X in revenue by the end of the first year.

10. How will you handle feedback and incorporate customer

preferences?

Possible answer: We welcome customer feedback through various

channels such as surveys and social media, and we will use this input
to continually improve our product and adapt to changing consumer
preferences.

11. What is your plan for managing inventory and supply chain
logistics?

Possible answer: We have established relationships with reliable

suppliers and utilize inventory management software to optimize
stock levels and minimize waste.

12. How do you plan to measure success and track key

performance indicators (KPIs)?

Possible answer: Key performance indicators such as sales growth,

customer retention rates, and profitability will be closely monitored to
evaluate the success of our business and inform strategic decisions.