With an investment of Rs. 14,500, they have managed to make a profit of Rs. 22,900 in just a month. This, by running a snack centre selling only sandwiches. Second-year management students of Sri Ramakrishna Engineering College have taken this up as an exercise in entrepreneurship.
The seed for the business venture was sown in February when the students were asked to make a profit with Rs. 50 so that they could contribute towards a social cause. After several brain storming sessions and discussions with faculty, and representatives of the local chapter of the National Entrepreneurship Network, the idea took shape six months later on September 28.
“From procuring raw material, making the sandwiches, and marketing and selling them, the students handle all aspects. They have taken some space within the canteen to set up the snack centre. With the basic theoretical knowledge, they have made innovations and improvisations to improve upon their business,” says K. Chitra, Director of the Department of Management Studies of the college.
Each day a student from the second year takes turn to manage the centre. With two employed helpers, the student has to check the supplies, procure what is needed and make four types of sandwiches.
As the day progresses, sandwiches are made fresh, on a need basis. The centre sells a maximum of 130 sandwiches, priced between Rs. 20 and Rs. 30 each.
The present batch of students will sell the business to the juniors and the venture will be kept alive. Since the business has already made good profit, the students plan to sell the business to their juniors at the same investment they made.
Ms. Chitra adds that though the centre is located within the canteen, the students are not keen on making more profits. Rather, they are interested in proving that good business practices can help make huge profits.