31 January 2012

From Banking to Ice Cream Making

As the huge styrofoam ice-cream cone took shape, day after day, in her Miami backyard, Suzanne Batlle frequently asked herself how she had come to be spending $30,000 (£19,500) on it. A single-mother supporting two teenage children, she had resigned from a well-paid job in banking and set up an ice-cream shop in the city's Little Havana district. With bank loans difficult to obtain during the credit crunch, she ploughed $280,000, mainly borrowed from her mother and brother, into the business.

Ms Batlle spent a couple of months studying "the chemistry and physics" of ice-cream at two specialist institutes, and then enlisted the help of a chef friend and began to concoct her own flavours. These ranged from the Latin American fruit mamey, to avocado, to rum cake and a blend of guava, cream cheese and crackers, which echoes a popular Cuban habit of eating the three together. Customers engage in lively debates to help refine the flavours. Ms Batlle thinks the styrofoam ice cream outside her shop could be the world's biggest.

After five months, Ms Batlle is taking $750 a day - enough to cover rent, bills, ingredients, loan repayments and a small wage for herself - although it isn't enough to live on. At this rate, she says, the business's debts will be paid off within five years.

A local restaurant has recently begun selling her lemon and basil ice-cream, and she hopes eventually to sell wholesale, and also to open other premises. And now that the Styrofoam ice-cream is proudly displayed on the shop's front, she has another goal: to get it certified by the Guinness Book of Records as the world's largest.



VOCABULARY
1.      Styrofoam (noun) - a soft light plastic material that prevents heat or cold from passing through it, used especially to make containers (polystyrene)
Example: a Styrofoam cup
2.      crunch (noun) - a difficult situation caused by a lack of something, especially money or time
Example: Cost cutting had enabled the organization to survive a previous cash crunch.
3.      Ploughed (verb) - to use money that you have earned from a business to make the business bigger and more successful
Example: Companies can plough back their profits into new equipment.
4.      Concoct (verb) - to make something, especially food or drink, by mixing different things, especially things that are not usually combined:
Example: Jean concocted a great meal from the leftovers.
5.      Cover (verb) -  it is enough to pay for it
Example: The treatment wasn't covered by her healthcare insurance.
6.      Premises (noun) - the buildings and land that a shop, restaurant, company etc uses
Example: Schools may earn extra money by renting out their premises.
7.      Certified (adj.) -  officially approved as having met a standard
Example:  certified organic vegetables 

QUESTIONS FOR DISCUSSION
1.      Would you consider putting up your own business?
2.      Discuss about your future business plan.
3.      How would ice cream business be like in your country?
4.      Tell us about ice cream brand in your country.