1.
I am a third-year finance major at the University
of Florida. My skills are that I am very math oriented and good at critical
thinking and problem solving. Making people like me comes relatively easy to me
and it has come in handy in multiple circumstances. The aspirations that I would
have if I were to start this business would be to start a company that is a
household name. If this was the case then I would have made a product that
everyone is accustomed with and that has provided value in multiple people’s
lives.
2.
I am offering a peace of mind to traveling customers
that want to make sure they get to where they need to be. This could be in the
form of an airline or a insurance package.
3.
The people that I would be offering this too
would be relatively well-off families that tend to travel often and know the
inconveniences that come with traveling. The thing that they all have in common
is being familiar with the airline industry.
4.
Customers will pay me money to make sure that
they do not wind up spending the night in an airport. Or making sure that they don’t
have to spend a lot of money on hotels and other flights when they have already
paid to have something done for them.
5.
What sets me apart is my drive to succeed and my
ability to work harder than my competitors.
I believe that the elements stated above blend nicely. There
is a lot of reasoning that is given as to why this business is valuable and why
other customers will agree. The only weak link would be the part that pertains
to me. I’m not sure what my core competencies are and how they would help me
start this company.
Feedback
The first point that I addressed was my lack of talking
about myself. In my first time around I talked about my idea exhaustively and
let my selling of myself fall through the cracks. This time around I did my best
to talk myself up as much as possible
The second point that I focused on was my description of why
people would find my company valuable. To combat this I made sure that there
was a well thought out description and examples of why my idea would be useful
to others.
I'm glad you've changed your market. I don't know if this has been a recent development but families are good to market to because they would definitely pay for ease of mind when traveling. My only problem with this I guess is that when you talk yourself up, those skills don't really roll over to how they would help you sell this product and create a business for yourself. Also, you should find something else that sets you apart from every other company, working hard is too vague.
ReplyDeleteHey Nicholas!
ReplyDeleteI think you did a lot better job of selling yourself in this idea napkin. You seem like you have a lot of skills and experience that would help with selling your product. I also liked the fact that you had a much better description of your product market. Great work overall!