Note that I found that this daily report is quite helpful habit for me, so decided to use Daily Report for my general daily work just like a diary, so this may include work from UWKSA and Campus. It won’t be limited to TABLE, but trust me, TABLE is my primary objectiveTABLE ---
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Reviewed all of reports (10+) that Ben sent me yesterday
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I found that my solution was “helping” restaurants to succeed, not solving their problems
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As restaurant industry is matured and solid, helping them won’t be that much attractive. Otherwise, I solve their problems
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Thus, I will pivot my problem to one narrow specific problem that most restaurants have
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Some surprising stats:
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Number of households earning $100K or more is a one of key external drivers for full-service restaurant industry in Canada
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Bars & Nightclubs are complementor of full-service restaurant industry in CA / Gambling industry is a competitor
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28.3% of full-service restaurants in Canada are Asian restaurants and that is the biggest segments (36.1% are other restaurants and the second biggest segment is European accounts for 10%) -> It would be good to target Asian Restaurants
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etc. You can find more details on TABLE notion (will update soon again)
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Used ChatGPT to market research (You must try.. It’s amazing.. I feel useless tho..)
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Did 1-1 customer survey with 3 students
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Considering business Incubator
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I decided what to do for TABLE this term
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Do lots of pitch competitions as much as I can to get at least $20K in this term
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that means find a solid problem (so next week’s main CTR will be finding a problem again)
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I might pivot TABLE to CDP that even get dine-in customer’s data (just an idea yet, will think more tmrw)
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Found some other startup competitors: https://restauranttechnologynetwork.com/start-alley
OTHERS ---
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I spent most time developing MVP for Campus, the venture from BET300
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Found that platform business (or SNS) will be very hard to succeed as Platform needs large amount of data from customers, but we don’t have customers
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So, I choose three features for MVP that do not need large customer’s data
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School Schedule that could be shared with their friends
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School Location that friends can see where you are only if you are in the campus
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Co-op Salary Dashboard
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My term goal is to publish MVP on App Store this term
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Discussed with this term’s BET 300 student (my friend actually) about his venture and my venture
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Gave some tips about Problem, Research, Platform business, etc.
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UWKSA’s onboarding for new execs are done! Did some presentation
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Did resume critique for my friends
