Sustainability of our business
Initiated in the year 2015, Fun Mun the shakes station has stepped into its third successful year.
The journey is the clear symbol of hard work and efforts that were put in by the team.
We, the young entrepreneurs of Cambridge wing, MAHARAJA AGARSAIN PUBLIC SCHOOL, ASHOK VIHAR feel proud that we have sustained our business from last three years and have a vision of sustaining it in years to come.
Our team have always worked for 3 P's- Product, people and Profits. As a new year results in development and creation of new ideas and benchmarks, we have added two more Ps in our working domain this year that are 'Planet' and 'Progress'
We started our expedition with only 4 members and today are a team of 15. Beginning with 2-3 variety of shakes, we have now included a lot of yummy and appetizing flavors such as Butterscotch, Mango, Strawberry, Banana, etc. On special occasions, we put a special counter for offering different items like bhel puri, ice creams sandwiches, corns etc. we have also extended our business by putting up a brain games station where students play different games and are rewarded with shakes and corns.
Fun Mun has always tried that no P should be sacrificed in order to focus on the other. So, a balance has always been maintained on all the 5 Ps
P1- Product- We all work in a team! Our team has one goal to achieve and to achieve it, we need to have a regular closer look at our products and raw materials. We all distribute work among ourselves for procurement of raw materials. We ensure that milk, fruits and nuts that we use are fresh. We also keep in mind that the flavors of products are balanced and there is no lack of nutrients to ensure that health component is never compromised. We keep on changing the variety and flavors according to the need and choices of the customers. We have added many more delicacies this year to attract customers- corn chaat, golgappas, oreo shakes, etc. We also try to work in a manner that there is no wastage of any kind.
P2- People- A business cannot run without customers, so we ensure that our products are cost effective and are liked by our customers. For this, we take regular surveys to understand the expectations of our customers. We have also made many changes based on their feedback, the major change was reducing the cost of the shakes to attract more customers from lower grades too. We believe that to sustain our business in the long run, we need to accept the dynamic environment and keep our self flexible to adjust with it.
The team- Our team keeps on changing every year, the seniors pass on the responsibility to juniors but making sure they are always there to guide and supervise them when the need arise. We have many sessions where the existing team sits with new members and discuss about our journey, vision and other domains of the business. With the responsibility, passes on an exposure to experience and learn.
The team also ensures that while taking and delivering orders, we communicate in a way that our customers can understand us. We maintain our ethical conduct and a clean and hygienic workplace.
P3- Profits- We learnt that the path to profitability includes an emphasis on increasing revenue and reducing costs. We ensure that the profit we make is used for some noble cause like purchasing books for class library, donations etc. Also, we re-invest our profit in the business to sustain it further.
We always keep on trying new ways to fetch in more and more profits. This year we put two special stalls- One promotion stall for parents on International Chocolate milkshake day where parents got to know about our business and product.
The other was a HANDICRAFT stall on the occasion of Diwali, in which students painted Lakshmi and Ganesh Ji idols and Diyas to be put up for sale.
P4- Planet- We cannot ignore the environment from where we are getting all the resources. To sensitize the students we took up various projects.
The first one was a recycling project in which old newspapers were brought by young learners & were changed into hand- made sheets at our recycling plant. the products made from those sheets were the sold and the collected money was invested in running our business.
The other project was a fight against air pollution. The students were given various challenge under this project like poster designing, poem composition etc. The winners got free shakes and corns to relish upon.
P5- Progress- To ensure progress for all, this year we integrated curriculum with our business.
We developed some hindi language contests like learning varn mala, barah khadi, reading short paragraphs with a time limit , clear pronunciation and good fluency. The winners were rewarded with free shakes and games.This connection was very well admired by the students & the teachers.
We are still working on raising the bar for attracting more customers by including new topics and subjects to make it a better.
One of our team member Rakshit believes "There may be days when you earn profits or face off losses, but if you are determined to make it a success, you eventually will"