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Overall, it was a good opportunity for each team to update our progress and seek guidance from one another to ensure smooth coordination and collaboration.
Weekly meetup 3
Weekly meetup 3
7 November 2021
Our 3rd weekly meeting is here!
At the end of the meeting, these pointers were brought up:
Operations team: Inventory has been purchased and we have done a development product trial. Next is to follow up on the logistic operation follow to test run the handling of the product, product packaging design & with our long-term goals set on creating the workshop program by December.
Marketing team: Market research & interview - Interviews of our interested candidates is underway. We will most likely conduct it with our MVP in hand for our interviewees to get a sense and feel of our product.
Additionally, we have created our instagram account for Felix Natura, @felixnatura.sg (https://instagram.com/felixnatura.sg?utm_medium=copy_link), please do take the time to follow our instagram and follow us on our journey!
Technology team: Design of the website is still underway. We further discussed as a team on what other functions we will need. Our operation team brought up more pointers on the various purchase process flow (i.e. creating a "set meal" theme for our product as alot of the parts are interchangeable
Finance: After the visit to supplier, a more realistic picture for our COGS has been achieved. As there are many moving parts, this is an assumption of our customer taking the most basic options of our terrarium building. In addition, pricing strategies were brought up to help further diversify our revenue streams.
Weekly meetup 4
Weekly meetup 4
21 November 2021
Our 4th weekly meeting is here! We had to skip a Sunday meeting as everyone was busy with academic matters. We had a lot to catch up on and to further push our MVP before mid-December in preparation to make our first sales.
At the end of the meeting, these pointers were brought up:
Operations team: Our final product, which is our Geometric terrarium bowl has been sourced and purchased from an overseas supplier. We are awaiting for its arrival in hopefully a few weeks.
Marketing team: Our preliminary interviews has concluded, with findings from our analysis showing that there is a strong demand for terrarium as it can serve as a decorative piece in any setting within a household. With that, we are now going to actively pursue our Social Media Marketing alongside our technology team.
Technology team: Design of the website is still underway. We further discussed as a team on what other functions we will need.
Finance: Updated costs has been made to our financial statements. We have been able to purchase all our inventory within our budgeted amount.
We will be looking to push our MVP soon to a control group and hopefully will be able to set up our store and workshop in time for the Christmas festivities!
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