Showing posts with label Week 12. Show all posts
Showing posts with label Week 12. Show all posts

Sunday, April 3, 2016

Week 12 Reading Reflection


1)      What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
The part that surprised me the most was when the author explained what the best strategic plan would be influenced by. Usually an author would point out what was absolute best so that’s why it surprised me.
2)      Identify at least one part of the reading that was confusing to you.
The part where the author talks about participation by subordinates in a strategic plan being appropriate. It kinda makes sense to me but I suppose it’s situational.
3)      If you were able to ask two questions to the author, what would you ask? Why?
I don’t really have any questions that I would ask the author for this section.
4)      Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
There isn’t really anything I think the author was wrong about in this chapter. I agree that the 

Wednesday, March 30, 2016

Venture Concept No. 1

The opportunity that I am venturing into is a similar to a ride-sharing service. But I am offering a service beyond just rideshares, but service shares of all kinds. For example, people can call on their driver and get food delivered from anywhere. It gives people an opportunity to become entrepreneurs themselves. It allows people to be their own boss, work their own hours. It gives customers the ability to travel and get things done at a lower than normal cost, increasing productivity. They can get anything delivered, anytime. It’s like Uber and Lyft but with endless opportunities.
Geographically and demographically this market can help people in all regions and from all demographics. Rural areas have very few options for delivery services and taxis. This can help people to get around and get things done in their community. In the big cities, it is very helpful to people who live in high rise apartments and don’t have the time or ability to get things delivered themselves, or if they don’t want to take public transportation. Demographically, people of all ages, races, and classes can use this service. People who are too poor to buy their own car can use the ridesharing service, while people who are rich and don’t want to bother to drive their own car can use it as well. It really is a helpful service for all people, because everyone moves around and everyone eats food.
This opportunity is huge, because it’s something that some people will use on a weekly (or even daily) basis. The window of opportunity will always be open because although there are similar services in existence already, there is always room for improvement. If I can expand on an idea that already exists and find my own customer base and keep them satisfied, I have a huge opportunity for success.
My customers all have one thing in common, they need assistance. Whether it be that they can’t walk and need their groceries delivered, or they just need a ride somewhere. My innovation is that I am selling them a transportation service. I am selling the customer a ride in a vehicle or a delivery from a hired driver, from anywhere they wish. Corporate restaurants that do food deliveries and taxi companies charge a great deal for a small service, and in most cases, pay their employees a small hourly wage. This company gives the customer convenience of getting something done with the knowledge that the majority of their fare goes directly to a person’s paycheck and not to a huge corporation.
This type of business has been successful because of the convenience. In this day and age people put a huge emphasis on saving time and not being inconvenienced. They are willing to pay to get things delivered to them when it saves them a trip they don’t want to spend the time to make. It allows them to get around town without needing to drive themselves. They are helping everyday average people to earn money on their own.
What my idea has that no one else has is options. There are many uses for this service and it can only get better and better. Focusing on customer and employee satisfaction by creating a rewards system when the services are used is what will keep them coming back. It’s one of those things you don’t realize how much you value until you stop using it.
I have a lot of ideas for this company, but I still have to figure out how to put the pieces together. I think it is very possible to offer a wide range of services from one app instead of several, but of course it is a bit of a challenge to make it all work when it is a completely new business model. The next step for me is figuring out how to pull in my first set of customers and independent contractors.