Search results for: 'environment'

Sofia Lopez is a Spanish professional who founded “Servicios Ambientales” - an environmental services agency – twice. First in 2012, after her previous employer went bankrupt because of bad management and she lost her job. Sofia convinced four former colleagues to start their own company and brought a former client as a financial partner on board. Using her positive can-do attitude and convincing communication, she defended the attempt of her financial partner to fire her. Instead, she ousted him with the help of her partners. This made it necessary to start her company a second time in 2015. Sofia held on to her clear vision to deliver quality work. She addressed late payments with partial invoicing to manage cash flow. In late 2019, Sofia was still heading “Servicios Ambientales” which now had 20 employees and offered its services across Spain and other EU countries.

What obstacles did she need to overcome and how did she do so? What skills and techniques did she develop to “bounce back” twice?

The case describes the foundation and development of Maximilian Busser and Friends (MB&F) a company that was established in Geneva with limited resources and was dedicated to manufacturing Horological Machines from its inception. One of the principal aims of the company was to produce the high-end watches that would be masterpieces, with limited edition.

MB&F is an example that illustrates how relevant it is to define a clear vision and idea of the product and the market and how to enter a closed and complex industry with limited resources. However, taking this creative approach in a traditional market was full of challenges.

Despite of these problems and challenges the company achieved a position as a player in the market. The case describes different reasons for that success, highlighting manufacturing, supply and distribution. Especially, the case remarks how the creativity approach best describes MB&F.

The case introduces a fundamental question for the company, particularly: if this success is sustainable or if MB&F represents a trendy product that will soon fade away.

This case walks readers through the history of TerraCycle, an environmentally friendly company launched by two Princeton students that faced many financial hardships and setbacks over the years.

Szaky and Beyer, founders of TerraCycle, just won one million dollars in a business plan competition organized by a venture capital firm called Carrot Capital. Their business was based on using worms to eat organic waste, creating a waste management company that earned money by collecting waste and processing it into fertilizer. Prior to the competition, the company had been struggling. It had been running off $60,000 from family and friends and from other business plan competitions with few resources, no money to hire real employees, no factory and no scale. Shortly after winning the competition, Carrot Capital’s managing partner told the founders that although he loved their business idea, they would need to tone down the product’s environmental identity and bring in real professionals. This made the founders wonder if accepting the money would mean having to change the core of their green business.

They had tried to get funding before by sending their business plan to many venture capital firms but they only received rejection letters. In addition, they could not find anyone who would pay them to take their garbage and no one was interested in buying the worm poop. Eventually, they hired a CEO with 20 years of experience who began recruiting board members with relevant experience. But since their business was still not profitable, they ended up changing their business model and started focusing on home users. They realized that home users may not want to have direct contact with the product, and spent time turning it into a sprayable indoor plant food instead. Following their eco-friendly mission, the company decided to “upcycle” by packaging their product in used plastic bottles. Although the company had the idea, product and packaging figured out, they were still in desperate need of funding. The company had to decide if they were going to join up with Carrot Capital, search for angel investors, go back to friends and family or try to find a partnership with the competition. They had to decide how to tailor the pitch to each group and to think about whether any funding would result from all the time and effort since their time was running out.

Seeing the market potential for Terracycle - a fertilizer product made from worm castings - this part b is a roleplay that puts students into the position of potential investors or the founding member of the company. Each player must make a pitch in the best interest of the role they have been assigned.

This case walks readers through the history of TerraCycle, an environmentally friendly company launched by two Princeton students that faced many financial hardships and setbacks over the years.

Szaky and Beyer, founders of TerraCycle, just won one million dollars in a business plan competition organized by a venture capital firm called Carrot Capital. Their business was based on using worms to eat organic waste, creating a waste management company that earned money by collecting waste and processing it into fertilizer. Prior to the competition, the company had been struggling. It had been running off $60,000 from family and friends and from other business plan competitions with few resources, no money to hire real employees, no factory and no scale. Shortly after winning the competition, Carrot Capital’s managing partner told the founders that although he loved their business idea, they would need to tone down the product’s environmental identity and bring in real professionals. This made the founders wonder if accepting the money would mean having to change the core of their green business.

They had tried to get funding before by sending their business plan to many venture capital firms but they only received rejection letters. In addition, they could not find anyone who would pay them to take their garbage and no one was interested in buying the worm poop. Eventually, they hired a CEO with 20 years of experience who began recruiting board members with relevant experience. But since their business was still not profitable, they ended up changing their business model and started focusing on home users. They realized that home users may not want to have direct contact with the product, and spent time turning it into a sprayable indoor plant food instead. Following their eco-friendly mission, the company decided to “upcycle” by packaging their product in used plastic bottles. Although the company had the idea, product and packaging figured out, they were still in desperate need of funding. The company had to decide if they were going to join up with Carrot Capital, search for angel investors, go back to friends and family or try to find a partnership with the competition. They had to decide how to tailor the pitch to each group and to think about whether any funding would result from all the time and effort since their time was running out.

Seeing the market potential for Terracycle - a fertilizer product made from worm castings - this part b is a roleplay that puts students into the position of potential investors or the founding member of the company. Each player must make a pitch in the best interest of the role they have been assigned.

This case walks readers through the history of TerraCycle, an environmentally friendly company launched by two Princeton students that faced many financial hardships and setbacks over the years.

Szaky and Beyer, founders of TerraCycle, just won one million dollars in a business plan competition organized by a venture capital firm called Carrot Capital. Their business was based on using worms to eat organic waste, creating a waste management company that earned money by collecting waste and processing it into fertilizer. Prior to the competition, the company had been struggling. It had been running off $60,000 from family and friends and from other business plan competitions with few resources, no money to hire real employees, no factory and no scale. Shortly after winning the competition, Carrot Capital’s managing partner told the founders that although he loved their business idea, they would need to tone down the product’s environmental identity and bring in real professionals. This made the founders wonder if accepting the money would mean having to change the core of their green business.

They had tried to get funding before by sending their business plan to many venture capital firms but they only received rejection letters. In addition, they could not find anyone who would pay them to take their garbage and no one was interested in buying the worm poop. Eventually, they hired a CEO with 20 years of experience who began recruiting board members with relevant experience. But since their business was still not profitable, they ended up changing their business model and started focusing on home users. They realized that home users may not want to have direct contact with the product, and spent time turning it into a sprayable indoor plant food instead. Following their eco-friendly mission, the company decided to “upcycle” by packaging their product in used plastic bottles. Although the company had the idea, product and packaging figured out, they were still in desperate need of funding. The company had to decide if they were going to join up with Carrot Capital, search for angel investors, go back to friends and family or try to find a partnership with the competition. They had to decide how to tailor the pitch to each group and to think about whether any funding would result from all the time and effort since their time was running out.

Seeing the market potential for Terracycle - a fertilizer product made from worm castings - this part b is a roleplay that puts students into the position of potential investors or the founding member of the company. Each player must make a pitch in the best interest of the role they have been assigned.

This case walks readers through the history of TerraCycle, an environmentally friendly company launched by two Princeton students that faced many financial hardships and setbacks over the years.

Szaky and Beyer, founders of TerraCycle, just won one million dollars in a business plan competition organized by a venture capital firm called Carrot Capital. Their business was based on using worms to eat organic waste, creating a waste management company that earned money by collecting waste and processing it into fertilizer. Prior to the competition, the company had been struggling. It had been running off $60,000 from family and friends and from other business plan competitions with few resources, no money to hire real employees, no factory and no scale. Shortly after winning the competition, Carrot Capital’s managing partner told the founders that although he loved their business idea, they would need to tone down the product’s environmental identity and bring in real professionals. This made the founders wonder if accepting the money would mean having to change the core of their green business.

They had tried to get funding before by sending their business plan to many venture capital firms but they only received rejection letters. In addition, they could not find anyone who would pay them to take their garbage and no one was interested in buying the worm poop. Eventually, they hired a CEO with 20 years of experience who began recruiting board members with relevant experience. But since their business was still not profitable, they ended up changing their business model and started focusing on home users. They realized that home users may not want to have direct contact with the product, and spent time turning it into a sprayable indoor plant food instead. Following their eco-friendly mission, the company decided to “upcycle” by packaging their product in used plastic bottles. Although the company had the idea, product and packaging figured out, they were still in desperate need of funding. The company had to decide if they were going to join up with Carrot Capital, search for angel investors, go back to friends and family or try to find a partnership with the competition. They had to decide how to tailor the pitch to each group and to think about whether any funding would result from all the time and effort since their time was running out.

Seeing the market potential for Terracycle - a fertilizer product made from worm castings - this part b is a roleplay that puts students into the position of potential investors or the founding member of the company. Each player must make a pitch in the best interest of the role they have been assigned.

This case walks readers through the history of TerraCycle, an environmentally friendly company launched by two Princeton students that faced many financial hardships and setbacks over the years.

Szaky and Beyer, founders of TerraCycle, just won one million dollars in a business plan competition organized by a venture capital firm called Carrot Capital. Their business was based on using worms to eat organic waste, creating a waste management company that earned money by collecting waste and processing it into fertilizer. Prior to the competition, the company had been struggling. It had been running off $60,000 from family and friends and from other business plan competitions with few resources, no money to hire real employees, no factory and no scale. Shortly after winning the competition, Carrot Capital’s managing partner told the founders that although he loved their business idea, they would need to tone down the product’s environmental identity and bring in real professionals. This made the founders wonder if accepting the money would mean having to change the core of their green business.

They had tried to get funding before by sending their business plan to many venture capital firms but they only received rejection letters. In addition, they could not find anyone who would pay them to take their garbage and no one was interested in buying the worm poop. Eventually, they hired a CEO with 20 years of experience who began recruiting board members with relevant experience. But since their business was still not profitable, they ended up changing their business model and started focusing on home users. They realized that home users may not want to have direct contact with the product, and spent time turning it into a sprayable indoor plant food instead. Following their eco-friendly mission, the company decided to “upcycle” by packaging their product in used plastic bottles. Although the company had the idea, product and packaging figured out, they were still in desperate need of funding. The company had to decide if they were going to join up with Carrot Capital, search for angel investors, go back to friends and family or try to find a partnership with the competition. They had to decide how to tailor the pitch to each group and to think about whether any funding would result from all the time and effort since their time was running out.

Seeing the market potential for Terracycle - a fertilizer product made from worm castings - this part b is a roleplay that puts students into the position of potential investors or the founding member of the company. Each player must make a pitch in the best interest of the role they have been assigned.