While observing the key to successful business ideas, have you noticed a common thread? The path to successful business journeys often begins with addressing problems that everyone seem to have, with no convenient solutions readily available. Indeed, whether it was Etsy that gave the world a new way to buy and sell handmade goods, or Airbnb that transformed the way people find accommodations, commerce prospers when innovativation addresses unmet needs.
One such need is the climate change imperative. For those listening, warning bells have been ringing, throwing caution to the winds, if not literally, for a future that may not be as pleasant.
Read the inspiring story of Lorraine Allman, UK-based seasoned entrepreneur – who ÔÇ£listenedÔÇØ to the significant waste produced by the the party supplies industry. So she set out to lay the groundwork for ÔÇ£real changeÔÇØ with a YoKart powered marketplace – for a promising future with a business that has promise.
Ans: For the last 10 years or so, IÔÇÖve been working with families and educators, helping them nurture a Can-Do mindset in children through screen-free play. Whilst IÔÇÖve loved this work and have seen the positive impact it has had on children, families, and schools, I was feeling increasingly unsure as to the next steps for the business so took time out to think about what I wanted to do next. In particular, I reflected on the legacy that I will leave to help my sonÔÇÖs generation and generations to follow be better able to look after this planet. I realised I wasnÔÇÖt really doing all that I could and it didnÔÇÖt take me long to work out just how much of a significant contributor to waste, and plastic waste in particular the party supplies industry is.┬á So I set about looking at ways to be part of the solution, rather than the problem, and the result is the Party Without Plastic┬« Marketplace!
Ans: Through my market research I identified the size of the party supplies market, and noticed the growth trend in areas such as sustainability. As children are increasingly learning through school about climate change and the damage plastics can do to our planet, I learnt of the struggle parents, and indeed anyone-else organising a celebration has in trying to source genuinely plastic products for their parties. It made sense to bring everything together into one marketplace that is a trusted one-stop-shop for everything plastic-free from tableware and decorations, to party bags, favours, gift wrap and much more.
Ans: I spent a long time assessing all the options for marketplace software currently available including monthly subscription models, but felt the Yo!kart software best suited my needs. A lifetime licence with just one fee payable for such a feature rich system makes it excellent value for money. We did need quite a bit of help getting up and running, including installing the software on our own server, and some adjustments to suit our particular requirements but the FatBit team were very supportive and helped us work this all through.
Ans: Initially it was difficult getting the software installed on our server. As a very small business I was fortunate to rely on the goodwill of people I knew to help me with this and liaise with the FATbit team. The system installation and set-up does require a certain amount of technical knowledge, and learning how it all works needed more time than I expected, but once we were up and running, I could see IÔÇÖd definitely made the right decision.
Ans: In terms of my vision for the business, we expect the Marketplace to grow considerably over the next few years and aim to lead the way with a party essentials Marketplace containing only plastic-free products, transforming the convenience culture of celebrations into an easy, ethical choice for everyone. We envision a world where celebrations and gatherings are not only joyous occasions, but also environmentally responsible, revolutionising the way we celebrate, one plastic-free event at a time!
Ans: The thing about being an entrepreneur is there is no such thing as a typical day! This means you have to be flexible, resourceful, and of course resilient when things donÔÇÖt quite go to plan. When launching a new business, not everyone will necessarily be supportive of you (for all sorts of reasons) but if youÔÇÖve done your market research and absolutely believe in what youÔÇÖre doing, and have a clear vision for how you want the business to grow, stick with it. Surround yourself with positive thinkers and never be afraid to ask for help – we canÔÇÖt be good at everything!
Ans: Overall, my experience with the Yo!kart team has been a positive one. It was helpful to have a dedicated contact that we could get to know and gave me continuity of support. We couldnÔÇÖt quite get the marketplace launch over the line for the planned date, but the Yo!kart team always came back to me with responses. There was often a delay due to the 5 hour time difference, but we managed online calls and emails, and nothing was too much trouble.
Ans: I would recommend the Yo!kart software for businesses who want to be in charge of how their marketplace runs but donÔÇÖt have deep pockets. It is a feature-rich system that has built-in scalability, and does everything the other more well-known generic marketplaces offer. Just make sure you factor in enough time to get everything set-up and get familiar with it!