Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?
Besides production and primary processing of medicinal plants (drying and chopping), our social enterprise aims to diversify the products range through advanced processing plants into extracts, oils and tinctures, that are most required by the clients. For clients from pharmaceutical, cosmetics and food industry it is more profitable to buy extracts and oils on the strength of volume and great preservation active principles. To obtain these products we must invest in extraction equipment, presses and maceration vessels. Over the next two years we will increase the amount of herbs and therefore the organic production areas, increasing the number of producing households, family farms, Roma groups and the number of employees in the factory.
Financial Sustainability: What is your business model to ensure financial sustainability?
The social enterprise collects and buys medicinal plants from producing households, family farms and Roma groups. The harvest is placed in a manufacturing process to obtain natural extracts and oils. These are the products which our social enterprise has to sell to ensure financial sustainability and to generate income for the maintenance and development of his activities and to be able for further investments. The break-even is easily achieve.
Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.
Being a student, at the age of 19, without significant investment, I've founded a company which registered success and financial sustainability since start-up. From this and from further activities I've learned how to manage a business, how to research efficiently the target market, identify social problems and formulate solutions for their needs, I gained experience in HR, sales and marketing (http://www.linkedin.com/pub/urse-andreea/26/8b7/b81)