Showing posts with label startup ideas. Show all posts
Showing posts with label startup ideas. Show all posts

Thursday, 4 February 2016

How Food Delivery Startup Can Become Biggest Restaurant


On any given day, Galley co-founder Alan Clifford tells that he has 30 to 50 employees busily driving, delivering thousands of Galley's homemade, 600 to 800 calorie meals to D.C. residents. And every night, Clifford says Galley delivers roughly 500 dinners to residents. "By the end of 2016, I am confident we'll be the largest restaurant in D.C.


By the end of the March, Galley will expand to make deliveries to Northern Virginia, Clifford told DC Inno, effectively increasing their potential customer base. For reference, Galley currently takes orders and makes deliveries in D.C. and Baltimore. Later this year there are also plans to launch in a new, east coast city, but Clifford would not comment on which city his startup would soon dive into.



Launched in November of 2014 as a pilot, the company has experienced a meteoric rise by upending D.C.'s food delivery market; a series of competitors who largely serve food prepared by restaurant chains.

For Clifford and Ian Costello, Galley's other founder and a fellow Living Social alum, the rise of their food delivery startup has provided an opportunity to not only rapidly expand operations but to promote their belief that good food should be additive free, locally sourced and freshly made, everyday.

With Galley's daily food menu, customer can schedule the delivery of meals for either lunch or dinner at a predesignated location via an application or on the Internet. The D.C. startup employs a small group of chefs to brainstorm the menu and to prepare the food each morning.

A simple menu, offering just 4 to 5 options for lunch and dinner, makes the ordering process simple and other business operations more efficient, said Clifford. While there are only a few options every day, the cuisine is changed everyday, giving customers a breadth of different choices during a given week. Individual Galley meals typically cost between $12 and $15, with the delivery fee already included.

 
Even small product decisions are greatly scrutinized and finally decided upon only after a lengthy process, Clifford explained. For example, the farm provide produce for daily meal—like today's potatoes and green beans that are served along a crab cake—are only chosen after an intensive selection process that includes an interview and food tasting, among other things.

Interestingly, repeat customers account for 50 percent of the current clientele base, Clifford told DC Inno.
In addition, Galley, which operates from a sprawling commercial kitchen in Ivy City, is averaging double digit growth every month. Clifford declined to comment specifically on Galley's current revenue, but he said "we are comfortably in the seven figure run rate."



At the tail end of 2015, Galley was delivering meals through UberEATS—the ride hailing behemoth's food delivery venture that has become increasingly popular in D.C. At the time, the move was undoubtedly savvy, as the hype surrounding UberEATS also brought new customers to restaurants. Naturally, these restaurant partners were agreeing to tacitly use Uber's app and contracted drivers to sell their food.

Since then, however, Galley has suspended their partnership with Uber because they would like to "control the full customer experience," which translates into delivery their meals only through previously trained drivers that understand the company's mission, directive and culture. Clifford said he may consider working with Uber again but that he prefers their current model.

"High volume restaurants in D.C., today, are seeing about 1,000 to 1,200 covers a day. The fast casual restaurant chains, like sweetgreen, are maybe around 2,000 per day... We should be able to significantly surpass that by end of year," Clifford told DC Inno.

MobilMindz helps restaurants bring themselves online through mobile apps. We have specialists, analysts and dedicated manpower to help startup restaurants to begin their business through mobile apps.

Source : http://goo.gl/rkN4gx


Tuesday, 2 February 2016

Tips For Startups to Grow From $0 to $100

let’s examine four factors that can help you influence growth in your own startup:

Understand the Difference Between Traction and Growth: 



Traction and Growth comes at a different stages in the life-cycle of the startup and play very different roles. The major difference between the two is that the goal of a startup in the traction phase should be to get product/market fit, get users coming in through the door, and only then, focus on retention. If your product does not retain users, there is no point in growing the top of the funnel.

 Look for common threads

At the time when you’re pulling in the crowds for your product, you need to focus on common threads. This will enable you to identify the particular growth channel or channels to allocate your energies on.


A good strategy is to look for threads or themes that are common to both your top customers and the top industries they represent. For instance, if your top customers are those with 10 to 15 employees or are from a particular industry segment, go deeper within that segment, rather than going wide at this stage.


Identify What Slows You Down


While scaling up, there may be many tasks on a daily or weekly basis that hold you back or slow you down. While scaling up, you want to channel all your focus on just one thing -- growth. The idea is to identify and rid yourself of all things that slow you down on your path.

Don’t Shy Away From Partnerships


A strategic partnership can be a powerful weapon to fast-track distribution. When you sell to other companies, integrate your product into their product, in order to reach consumers who are generating the revenue. Most of these relationships involve a revenue share between the two companies.

Don’t spend on anything that doesn’t drive growth in revenues or efficiency. You should also start bringing in revenues early on in your startup journey. These will help you stay invested so you can go all out on whatever growth channel works for you.

Mobilmindz is an app development company providing Startup solutions in United States and India.

Monday, 4 January 2016

Common Challenges That a Startup May Face

A startup company is a completely new business or organization that is usually small and initially financed and operated by a handful of founders. Adversity tends to be part of the startups due to several reasons:

Money

Every business needs time to generate revenue. There is a widespread agreement that startups tend to have money pressure. So investors, who generally have way more money than they are putting into the company, ensure that they put in enough so the company can move forward, but not so much that people don’t have to move fast.



People

Startup companies never have enough people as they don’t have sufficient funds for additional people. So there needs to have talented people with focused technology to move their product or business forward.

Time

Startups companies have enough time but still they have to run faster than the more established firm otherwise they are dead soon.

Startup teams are constantly working on impossible goals against impossible deadlines to move ahead. But still adversity makes startups great.

Mobilmindz is an app development company helping startup companies to build their brand image with the help of mobile apps.