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Unwrapped Potential: Rethinking Dewi's Market
Assessing a social business plan’s weaknesses requires a thoughtful and detailed
approach. The analysis should start with the feasibility of the business model,
particularly if it relies on limited resources or a specific supply chain that may not scale
up easily. The financial health of the venture must be thoroughly examined, with
conservative estimates for cash flow and a critical look at market projections to avoid
overestimating demand. It’s also crucial to evaluate how well the plan anticipates
customer behaviour and cost management. This level of scrutiny ensures that potential
vulnerabilities are identified early, allowing for strategic adjustments and robust
contingency planning.
Three possible weaknesses in Dewi’s plan could be the overreliance on a consistent
supply of local produce, which could be disrupted by factors beyond her control.
There's also the challenge of ensuring steady customer demand in a niche market
that may not expand as rapidly as projected. Lastly, the plan might be vulnerable to
underestimating operational costs, which could escalate quickly and affect the bottom
line. Recognizing and planning for these weaknesses will be crucial for Dewi to create
contingencies and strengthen her business model.