Financial Strategy for New Product Launch

Closed
Simmy Sidhu
She / Her
CEO/Founder
(20)
5
Project
Academic experience
120 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Financial services Investment Lead generation Grant writing
Skills
financial strategy invoicing business process business planning marketing sales new product development customer service
Details

Assessing my Hangover Hack product entering the marketplace, helping with the business plan, preparing for meeting potential investors, helping to secure funding, providing recommendations for improvements, identifying potential vendors for the product, creating ideas for product launch.

Deliverables
  • Assessing my Hangover Hack product entering the marketplace to review internal risk, and business process implications, including elements of the business plan (marketing, sales, and customer experience plans).
  • Modifying a business plan that can be presented to potential investors
  • Reaching out to potential vendors that will carry the product on their store fronts
  • Creating a bank of potential investors and government grants/funding opportunities and then subsequently contacting them with me to secure funding for the start-up
  • Analyzing potential customer invoicing processes and providing recommendations for improvement.
Mentorship

I will set up recurring meetings with the students to mitigate any roadblocks throughout the project as needed. I will be in the meetings with potential investors and will be the main point of contact. I will provide a business plan template that is filled in with some outdated/incomplete data.

About the company

Company
Canada
0 - 1 employees
Food & beverage, Sales, Consumer goods & services, Business & management, Public relations & communications
Representation
Minority-Owned Women-Owned Small Business Neurodivergent-Owned

Drastic Drinks Inc. was incorporated in 2021 with a mission to revolutionize the beverage industry by creating innovative, science-backed hydration solutions. Our flagship product, Drastic Drink, is a nutritional beverage formulated to support optimal hydration and overall well-being.

At Drastic Drinks, we recognize that traditional hydration solutions often fall short in providing essential nutrients while keeping consumers energized and refreshed. Drastic Drink is crafted with a unique blend of ingredients to not only quench thirst but also enhance hydration efficiency, making it an ideal choice for individuals leading active, health-conscious lifestyles.

With a commitment to quality, transparency, and scientific research, we aim to deliver a beverage that bridges the gap between functional hydration and great taste. As we prepare for our official launch, we are excited to bring Drastic Drink to consumers looking for a smarter way to stay hydrated.

Stay tuned - a new era of hydration is coming soon!