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ENTERPRISE CONVO with AYODELE MICHAEL DADA

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In an educative and interactive interview with one of University of Ibadan Student entrepreneur and member of winning team #TeamValue of the Nigerian Campus Enterprise Challenge... Meet freelance photographer (Capitol Media) AYOdele Michael Dada. He is indeed a boss...



BOLAJI: Oga Ay... I hail oooo
AYO: Sir BOLAJI:... I salute u sir!

BOLAJI: Lol... Let's get straight to biz...
I have a few questions especially as regards your Nigerian Campus Enterprise Challenge... Your experience running the lounge.

Is there really a Market for coffee culture in the University of Ibadan?
AYO: There's a huge market for coffee culture in UI...But satisfying this market is something that was beyond teamvalue...
BOLAJI: Wow... So demands wey surpassed supply interesting.


BOLAJI: What were d challenges you experienced as a student working as a student staff and employer....
AYO: Enough challenges...
Number one. No lecturer cares if u r into business...miss his class or test and u r toast... Number two. Ur employers don't care u are a student. Loose productivity and u r toast.
BOLAJI: Lmaoooo.,., DAT 1 na confam
AYO: Coupled with battling terrible customers...thank God for God and customer service. The lounge could have been razed already...
BOLAJI: Huh!!! Razed as in???
AYO: Burnt...by angry customers...lol
BOLAJI: Hahaaaa..!!!

BOLAJI: Do u think something of sort can be replicated
AYO: It can be replicated if the challenges we faced are addressed...it's a cool experience.
BOLAJI: So aw would u suggest such challenges cud be addressed...
AYO: Challenges could be addressed only if the organizers sit on a round table to plan with team value on the operations of the lounge. I believe we know the UI market better than anyone in UI (kash excluded)

BOLAJI: What were your stat... Estimated monthly revenue and expenses... And aw did u Marketing channels?
AYO: Estimated revenue/month was around 50k; Peak months tho. Expenses were relative to whether we had light or not...We got ice sometimes...Total expenses could average as much as 40k during bad months....
BOLAJI: 40k expenses!!! wat took the bulk of your expenses
AYO: Transportation, ice and the reduction in the profit margin...It's unclear which exactly right now...All came at the same time (9ija Factors).No light, increase in dollar rate and a ripple effect in transportation. They all affected the business


BOLAJI: And your coffee supplies?
AYO: Coffee supplies...asin?
.BOLAJI: awesome!!! I mean u got the coffee product from Nescafe at a price yh!!!!?
AYO: Yea...we got all our coffee from Nescafe at charges...
BOLAJI: Hmmm...I wanna understand something... Ur sales as against ur revenue
AYO: Almost a match. Because of high cost. Expenses rather

BOLAJI: And your highest sales figure?
AYO: 208
BOLAJI: Mhen!!!...208cups... Month or day?
AYO: Day. We hit over 200 cups about three times
BOLAJI: Baba na u guys ooo,
AYO: Abeg! Whyner!

BOLAJI: Wat did u think about your operations time?  Perfect or should have been more
AYO: Perfect! 8 to 6 Perfect…7 o clock would not have worked... Too much effort for little...

BOLAJI: hmmm… This question... What can u say about a restaurant and café (Full services cafe & restaurant?)
AYO: That would be awesome...But wat kinda food will they serve?
BOLAJI: Breakfast lunch and dinner. Something light and fast, Something easy and could be eaten on the go..
AYO: That will be catering to two different audiences tho...Cos coffee goes with light food...Preferably snacks...
BOLAJI: Hmm...I’m actually thinking from the point of profitability
AYO: hmm… Dealing in both must be such that one does not suffer over the other. So for coffee...there must be something goes with it. say sandwiches. Then call it something like coffee special
BOLAJI: Not compulsorily sandwich right?
AYO: Yea...not compulsorily...just a suggestion

BOLAJI: what if the food goes on demand...that is, if a customer decides to eat
AYO: Okey!!!... So the food is only on demand. Alright...
BOLAJI: Yah... On demand. My point is a cafe that also offers flexible working space for the mobile workers or students
AYO: People want to munch on something as they wait for their coffee to get a little colder... that is why coffee sells better when accompanied with something.
BOLAJI: I understand.... Your lounge is the perfect example... Of a good flexible working space.
AYO: Hmmm... So...the addition is food...On demand…Perfecto!
If the location is superb and operations are effective it's an idea that can be very profitable...

BOLAJI: Hmmm that another Idea for many of us and a market we can explore. Hmm I should work on that o…hhahaaa..lol.
Thanks for the opportunity AYO... I appreciate.... The interview was indeed educating
AYO: Ok...cool!!! No wahala...

BOLAJI: BABA I SALUTE....
AYO: you are welcome...


#EnterpriseConvo #WSC #NCEC #Studpreneur #foundersconner #businesscasual

Ayo: https://web.facebook.com/Aryourdheylhey
Bolaji: www.facebook.com/realgablj


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