An entrepreneur who creates and manages a home-based business is known as a homepreneur.
Many people have turned their hobbies into successful activities that have helped them earn a living, all while in the comfort of their respective homes.
However, not all home entrepreneurs are able to start up and run a successful home-based business.
Currently with the spread of Covid-19 holding the world in its grip, Sagar Neve, founder of Neve Hospitality, expresses his ideas on how something great can come of this dire situation:
The company gives 360 degree solutions to its hospitality clients.
Managing hotels and restaurants across the country gives the company a broader scope of having multiple brands under one roof.
Apart from management solutions other services offered by the company are recruitment solutions, turnkey projects (complete organisation of the projects from scratch), concept development, content creation (curation of menu as per the standards of the hotel or restaurant).
The company presents an, out of the box opportunity for all young enthusiasts to achieve their dream of becoming a successful restaurateur.
A move that might bring some respite to a few struggling homepreneurs during this quarantine period.
All a participant needs is, a good concept with creative ideas that separate them from the rest, and be able to swoon the judges with their culinary skills.
Commenting on the new venture, Neve said, “In the midst of Corona virus lockdown, we wanted to encourage young creative minds who have a vision to become entrepreneurs to conceptualise and come up with innovative ideas for a restaurant business.”
“A good restaurant idea is a combination of five key ingredients, which are, USP, finance, interior, operational plan, branding or marketing plan and the menu. The winner of homepreneur will be the one who will maintain perfect balance of these five key ingredients," he added.
The idea is to envision a foolproof plan for running a restaurant business in the city.
Key components to focus on are as follows: 1. USP; 2. Financial; 3. Operational; 4. Interior; 5. Franchise Options; 6. Kitchen (Menu).
The one with the best idea will be helped and funded to turn their dream business into a reality.
How it will work?
1. Competition is open to everyone; 2. Ten people are selected and given a mentor; 3. Each person will get a chance to speak to panel to help further the process; 4. The best five will be selected; 5. The selected lot would work on an execution plan of the same; 6. The top three would be selected for the same; 7. They would then work on a popup at one of the city’s leading restaurants and be judged by industry key players; 8. The winner will be awarded with the investment.