1) You. My name is
James Davis. I am a third year finance major here at the University of Florida.
My talents include communicating, teamwork, and the ability to speak 4
languages. My aspiration is to own my own business one day and make it successful.
I see my business playing a large role in my life.
2) What are you offering to
customers? I am offering a solution to
students who get rained on walking to class here at the University of Florida.
3) Who
are you offering it to? These are
students who walk to class at the University of Florida.
4) Why
do they care? They do not want to carry around an umbrella
nor do they want to have a rain jacket on them at all times. Students will
care because they will appreciate the business.
5) What are your core
competencies? I’ve ran the numbers and it looks
like my business is unique so I think what sets me apart is that no one else
has this business.
I truly
believe all of these elements fit together. I think my skills and business
knowledge will be helpful getting investors to invest. I also think that what I
am offering is so unique that the business will be successful. Students would
benefit greatly from this solution.
I took
the appropriate feedback from my last napkin idea and applied it to this one. I
appreciated everyone who gave me feedback because I was able to really see
where my first Napkin idea lacked and how I could improve this one. This was
mainly in the way that I saw the business and myself.
Hey, James! I find it really impressive that you can speak four languages, and that can definitely help you market your product to different types of students. I think it's also important that you look outside UF and to other rainy college campuses as it will help you extend your customer base. I also would've encouraged elaborating more on why customers care, because I know I just carry an umbrella in my backpack, so just be sure to have a convincing point of view for students like me who have an effective method when it randomly rains.
ReplyDeleteHey James, I think that you did a good job of being straight to the point in this assignment. You have identified your target customer and why they will be willing to buy your product. Your product would be very useful to people all around the country after it expands past UF. Great job of implementing the feedback you got from the last idea napkin and making this one impressive.
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