Idea Napkin No. 1

1. You: My name is Jean Vardaramatos. I am a current junior majoring in Business Administration at UF. I have a passion for law and hope to someday become a lawyer. I am a good people-person and pride myself on my ability to always stay motivated and dedicated when working. My business concept (helping restaurants affected by COVID-19 resell their overstocked inventory) would certainly have room for growth during coronavirus. However, it is obviously intended to be a short-term business, so I would have to see if the business model would be adaptable for future use.

2. What are you offering to customers: Restaurants all over the country are overstocked with food they won't be using due to shortages in demand. The service introduced by my business model is assisting restaurants in reselling the inventory they won't use in order to cut their losses.

3. Who are you offering it to: Any medium or large sized restaurant that is facing shortages of demand due to coronavirus.

4. Why do they care: Restaurants must operate at a profit to remain open. With coronavirus, many restaurants are losing money at historically high rates. They have leftover inventory that they cannot possibly use over the span of the next few months. They are also inexperienced reselling inventory and would not have the "know-how" to do so. Establishing a firm that could cut their losses (help them towards profitability) and resell their unused inventory could save restaurants thousands of dollars.

5. What are your core competencies: I believe what sets me apart is my organizational skills and restaurant background. I have been in the food business as far back as I can remember helping my parents out whenever they needed me. I am very familiar with how restaurants both large and small operate, and I feel like this background sets me apart from others.

I feel like all five of these elements combine well and portray a fairly decent business model. I truly believe my background in the food business, my constant motivation, and my organizational skills would pair nicely with the other elements listed above for my business model. In addition, I think that the unmet need exists right now in thousands of locations around the country!

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