Assignment 24

Opportunity: There are many business ideas that come around to the people’s mind, most go unrealized due to the either financial reasons or for reasons such as inexperience in business and other such blunders. My market is the business world and its many residents ready to make their ideas practical and accomplish what they couldn’t accomplish alone. Potential customers must currently work jobs to gain capital for years or they are learning the business world for themselves before starting their own ideas. With the right conditions we can expand our business from financial aid such as advices to real estate. The window of opportunity will be long, especially because business ideas are always going to be a part of entrepreneurs thought process of what they want to do in the future. Until the government takes over the free market, it is highly unlikely that said market will run out of this opportunity.

Innovation: My business start up idea could be something that people can use to help businesses start up early especially among young entrepreneurs who want to seize the opportunity as soon as they can. The process is simple, you state your idea, we give financial advises and tips to determine if the idea is viable, once it is approved we start giving advices of the particular market you will be competing in, we find the appropriate place for your idea to bloom, and from there when you have problems we can provide aid not in capital but with tips. Once everything is in order we let the customers decide entirely what they want to do with their business because it is important to know when our job ends and yours begins.

Venture concept: I believe customers would not accept my services completely without setting up a proper reputation for myself. My company should be financially sound before we can help others start up theirs If it is shown that my own company is unstable in any part of its design, customers would be more keen to avoid my services. It is important to set up successful projects to demonstrate that we can and are more than capable to deal with unmet needs such as unrealized business ideas. However, after a reputation is set and customers are drawn to these services, I do believe that customers would be using my services without much fuss. It is easily expandable and not that difficult to acquire the required needs for a business to stand. It is vital that once we help set up the business idea to “stand” we need to relinquish control ultimately to the customer because we must ensure that free market remains free from any type control. It is also important to know that it is not our job to maintain their business for them, for if we did have any control of their business, it would only spell trouble for us to handle in the future. Multiply that trouble with other potential projects, then that would only mean disaster to hit us. That is why we offer services for customers such as how to maintain their business. The price range for these services comes from the real estate we rent to them for their businesses. I would like to start small in cities such as Gainesville, and then expand to larger cities such as Miami, and then to out of state.

Three minor elements: The unfair advantage that my business idea would have to go against is that our services is heavily reliant on our reputation for successful projects. If we don’t produce results that are satisfactory, then no one would buy our services. Our services are similar to a bank and something they offer that we can’t is financial capital, at least in the beginning. It is important to start with steps rather than strides so in order for my idea to reach to what I want it to reach, we need to work hard and patiently. My hope that I myself to learn the market for myself and to apply those efforts for the company that I hope to start.