Project Everest

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ROA **TRAINING**

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Your team is to create a social business aimed at addressing Project Everest Ventures' defined social issues.

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  1. Wade Tink
    200 pts
  2. Max Telford
    189 pts
  3. Morgan Allan
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  4. Andrew Vild
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Lean Phase: Solution Assumption: The sales and revenue streams will be making considerable progress towards the victory goal of $200,000. Time Box: 6 months Success Criteria Progress: Assumption confirmed. Business is worth continuing. Green Light: <90% towards victory goal Orange Light: Optimise features of product, utilising customer advice. Red Light: >20% towards victory goal Failure Protocol: Experiment failed. Re-structure product features. Results: 100 sales to...

Alice Callagher
by Alice Callagher
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Alice Callagher

Lean phase: Channels   Background: Given the fact that we have established some returning customers we want to be able to monitor this via a subscription payment method. Assumption: Customers will prefer to pre-order/pay for their briquettes via a USSD Time Box: 6 months Success Metrics: Success metric: Conversion of customers through the use of technology based payment method. Success point: 60% Percentage of customer base growth via USSD channel Green light: Proceed to...

kristen lazarus
by kristen lazarus
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kristen lazarus

Lean Phase: Channels Assumption: The face to face village channel is a scalable means of PEV delivering their product. Time Box 15 Months Success Metric: The percentage increase in annual reach. Green Light:  Proceed to use the F2F Channel as it has been proved scalable. Success Point: <90% increase in annual customer reach Orange Light : Look at extending current channel through other means. Red Light: >50% increase in annual customer reach. Failure Protocol: Channel...

Isabella Strapp
by Isabella Strapp
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Isabella Strapp

Reference to Experiment Post: [Proposed Experiment]: Utility Test (Order Process) Nutrition Amisen April 2019 Reference; https://projecteverest.crowdicity.com/post/1323910   Lean phase: Solution   Assumption: A) Customers will prefer to order via a mobile payment system, for the following reasons: Added convenience of not having to pay in cash every week The newfound 'set-and-forget' plan which will give the customers the ability to always expect a 'nutrition box'...

Ella Grier
by Ella Grier
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Ella Grier

Lean Phase: Key Metrics  Assumptions: The rate of people finding use in the product will increase The business will only succeed if considerable growth is achieved The cost of acquiring customers should be less than 30% Time Box: 12 weeks Success Metric – $ lifetime value Churn rate (ratio gain: loss) $ of acquiring customer Criteria: Green Light – Proceed: Continue delivery methods (ads etc) and launch growth hacking methods to increase churn rate Success Point –...

Nadia Owuor
by Nadia Owuor
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Nadia Owuor

Lean Phase:  Solution Assumption:  The sales and revenue streams will be making considerable progress towards the victory goal of $200,000. Time Box:  6 months Success Criteria Progress: Assumption confirmed. Business is worth continuing. Green Light: <90% towards victory goal Orange Light: Optimise features of product, utilising customer advice. Red Light: >20% towards victory goal Failure Protocol: Experiment failed. Re-structure product features. Experiment Build...

Alice Callagher
by Alice Callagher
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Alice Callagher

Lean Phase: Solution   Timebox: 12 weeks   Assumptions: B) Customers who had previously trialled a 'nutrient box' over the course of one month will feel satisfied and empowered through a mobile payment system, for the following reasons: Added convenience of not having to pay in cash every week The newfound 'set-and-forget' plan which will give the customers the ability to always expect a 'nutrition box' every week, increasing convenience C) Customers who have...

Ryan Pavey
by Ryan Pavey
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Ryan Pavey

Lean Phase: Solution Assumption: The fertilising system is effective and beneficial for small household farmers Time Box- 4-8 Weeks Success Metric: % of people that renew their subscription. Progress: Green Light: Continue to operate with current procedures. Success Point: <90% of people renew their subscription. Orange Light: Iterate certain features of the product to improve customer satisfaction. Failure Point: >40% of people did not renew their subscription. Red...

Max Telford
by Max Telford
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Max Telford

  Lean Phase: Solution Purpose: The purpose of this experiment is to evaluate whether or not the solution can be successfully scaled . Assumption: The early adopters will: Be satisfied with the current solution at the given price Will continue to use the product for the medium to long term i.e. 6 months   Time Box: 18 months Success Metric: New customers found and maintained across the Holcombe area   Metrics Green Light - Proceed with scaling across...

Shaun Smith
by Shaun Smith
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Shaun Smith

  Lean Phase: Channels Assumptions: An increase in nurses collecting EOIs will deepen our channels and generate more revenue.   Time Box:   3 hours   Success Metric The number of EOI collected from different channels. The overall conversion rate from beginning to end of funnel (EOI from new channels to purchasing of MVP)   Criteria: Green Light- The deepened channels generate the same EOI conversion rates as the original channel Success Point – <60% of the...

Abbey Dyson
by Abbey Dyson
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Abbey Dyson