Idea Napkin No. 2
You: My name is Ethan Hood and I'm a business student at the University of Florida. My experiences in running and cross-country specifically have shown me how to lead a team, and how I am a capable and driven individual. I would see this business playing a major role in my life. No matter what I do I am present in the moment and passionate about it, especially if I enjoy what I'm doing, and my business would be no different.
What are you offering your customers: I am offering my customers an alternative way to charge their cell phones and tablets, but on a larger scale, being able to connect multiple devices to the system at once. It is more of a convince because of the fact it seamlessly charges multiple devices without having to have multiple outlets or cords.
Who are you offering it to: The target demographic is middle income families with two or more kids aged 8-16. All these customers have kids, and the kids in this age range love to be on their phones and tablets
Why do they care: They care because it is the convenience factor of being able to charge many phones at one time without needing a ton of outlets an charging cords. There is also a lot of value created because phones die so fast now, and the fact that they would be able to be wirelessly charged, and the battery life would no longer be an issue is huge.
What are your competencies: What sets me apart from everyone else is the fact that I make everything meaningful in my life, and everything has a purpose, and this would be especially be true with my business.
All of these elements fit together in a way that clearly defines its role: to charge many phones at the same time. All of the demographics and why people should care are based on the functionality of this device and how it works well to charge multiple phones at once.
Feedback Memo: One main point that I took feedback from was making everything more clear on who my target market was. Another main point that I took into consideration was the narrowing down of the actual concept and it's functionality, which I described a very specific situation in which it is used.
Hello Ethan, I believe you did an exceptional job with your Idea Napkin No. 2. I think that you do a great job at explaining what you are offering and who you are offering it to. I believe that really, anyone who has a cellular device is your market, as a wireless charging device makes life simple. I think you did well at reflecting from your feedback.
ReplyDeleteGreetings Ethan, you did a splendid job on this assignment. I appreciate how you included the fact that you are a cross country runner and that the experiences you gained from that sport can be used in other aspects of your life like running a business. You went into great detail when speaking about yourself. Overall, the set-up of your business is well put together.
ReplyDeleteHi Ethan, very cool post! I think it is very cool how you felt your own attributes would apply as it would come to affecting the business. I agree that making meaning in everything you do makes life more important and more special overall. It has been very cool to see the process of your project develop over the semester.
ReplyDeleteGreat job Ethan! The phone charging industry will be growing and expanding for a long time. If you are able to cut out a slice of that pie, you will be one wealthy individual. From what it sounds like, you are selling convenience. This is a good thing. Nowadays, people want faster -- quicker. The biggest piece of the puzzle in my opinion is getting a patent.
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