1) You. Who you are. What your talents are. What your skills and experiences are. My name is Edson Abadia and I am a second year political science major, soccer coach, uncle, brother, and entrepreneur. MY aspirations are to become a lawyer one day, but for now, I am here developing this opportunity. I hope this idea is something that can take off one day. Maybe I won't be the one to do it, but I think it is something that we need in this world. If I were to start this, I think I would have to focus on this solely which I am not ready for.
2) What are you offering to customers? I am offering an app that will let consumers know how long lines are at bars, how much cover is, any drink specials and much more. Eventually, I'd like for this app to be able to have a link with something like apple pay where you can pay the bars straight from the app and pay cover before hand. I would also like something arranged with Uber where rides can be directly ordered from the app and even planned out. I would also like for drivers license to be able to be uploaded to the app so that no body has to carry a wallet when they go out anymore.
3) Who are you offering it to? This product would be more towards college students because they are the ones who go out often and there is usually a centralized "strip" of bars where they go out. Older individuals, although they go out, do not go to bars and clubs as much where there would be cover and lines.
4) Why do they care? Consumers will pay for this because nobody likes to wait in lines, not know how much cover is, or buy a drink when there are drink specials you don't know about.
5) What are your core competencies? WI think I will be able to execute this idea because I have run ab business before and my role in my job requires a lot of management skills. I see pass just the basic ideas and understand the complexity that is behind each and every point of an idea.
I believe that my idea in it's most simplest form is its strongest. Dealing with just the lines, cover, and deals. When you begin to add U
ber, apple pay, licenses and much more, there are a lot of gray areas that I do not know. I do not know the market for something like that, and even if I did, I do not think I have the time, expertise or motive to take this app to the next level. In other words, I would start the business with its basic level and then sell out to someone who then has all the materials and expertise it takes to take this app to the next level.
My bro, I was looking forward to your pitch. Your Idea napkin is great, I would personally be one of your costumers. This has potential, and you have more insight than you think. The drawing is artistic, but I don’t feel the correlation with what you expressed, looking forward to the next one. Last night we went to downtown and driving by midtown we saw a line of at least 75 students, there has to be a way to diminish wait times and this would help the business attract even more students.
ReplyDeleteI really like this idea. I also really like how you define your weaknesses and state the difficulties you are going to have to overcome to make this product a success. I think this app might be better to sell to large clubs and bars instead of going direct to consumers. Just something to think about. If you can make this happen, it will definitely be something people will be excited and wanting to purchase.
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