Assignment 19A
1) You. Who
you are. What your talents are. What your skills and experiences are. Also:
what are your aspirations? Specifically regarding your business concept, how do
you see this business (if you were to start it) playing a role in your life?
Hey, hey, hey it’s ya boy Thick Jer back at it again with a new
idea napkin. For real though, I’m
Jeremiah. Y’all know me still the same
OG, but I been low-key cheated on by most these people with no cheese. My talents include quoting random tadbits of
quotes from movies and TV shows, as well as a lot of random lyrics and pop
culture references. Like I mentioned in
the last napkin (speaking of which, I love that it’s called an idea
napkin. Like, we’re writing on a napkin
or something like I’m JK Rowling and the napkin is my Hogwarts/Harry
Potter. Unreal.), I’m a creative dude
that likes to write and an excellent communicator. I moved from Pennsylvania to Florida for
school and still have my permanent residence there, but I like to travel and
move so that’s a cool experience about me.
The role that this business idea would play in my life it would make me
rich and famous probably, but what I really want it to do is change the world
and how we perceive history (as well as shape it).
2) What are you offering to customers? Describe
the product or service (in other words, how you'll solve customers' unmet
needs).
The product I’m offering is a virtual reality time machine
concept. The unmet need is everyone
wants to see history and if they did something differently that they could have
done would have played out. What if I
didn’t mess up the SATs? What if, what
if, what if? All these what ifs could finally
go away!
3) Who are you offering it to? Describe,
in as much detail as possible, the demographic and psychographic
characteristics of your customers. Think especially of this question: what do
your customers all have in common?
The demographic that this would hit is literally anyone, but
most specifically the dreamers of the millennial generation. Maybe even a little bit of the baby
boomers. The people it would hit are
interested in history and pop culture, and they all love things and experiences
that are new, even in a known kind of environment.
4) Why do they care? Your
solution is only valuable insofar as customers believe its valuable to them.
Here, explain why customers will actually pay you money to use your product or
service.
Consumers care for so many reasons. This is cutting edge technology, on par with
Elon Musk and what he and SpaceX are doing with rockets and space and
Mars. Also, it’s a new and fresh form of
entertainment, which is always looking to innovate and expand.
5) What are your core competencies? What
sets you apart from everyone else? Also: what do you have that nobody else has?
I don’t know what to call it or how to describe it, but I
have that “it” factor. I just have “it.” That’s not me
just saying that either, a bunch of my fellow students can tell you that about
me. Another thing going is that I’m me. I’m the only
person like me. (And you are you, and no one else is like
you.) I’m like Elon Musk, but on steroids (and a lot less
money).
In addition
to these five elements, please spend a paragraph evaluating whether you believe
these elements fit together or whether there are aspects of your business
concept that are weaker / out-of-joint with the others.
I think everything in this business concept work together to
form the perfect combination and elements to make this thing successful. I think anything I do is successful even if I
fail though, so I’m kind of egotistic like that so take it for what you think
and let me know in the comments below.
For the
"feedback memo" -- please summarize at least two main points that you
took away from the feedback you received. Also, please describe how you
incorporated the feedback into this idea napkin.
I only got one comment on my feedback for the last napkin
and he basically said that I did a really good job and have a lot of
confidence, which is true. But I
switched my idea since the last napkin and I had to have even more confidence
in this idea, which I incorporated in the napkin.
Hey Jeremiah. First of all, that picture at the top is legendary, that song is legendary, and you're a legend for casually throwing in those bars to start the post. Respect boss. Now, I love some of the info you put for the five points. I think in terms of your human capital living out of state sets you apart from a large portion of students. It may seem stupid, but maybe living in Pennsylvania or having family out of state could give you some advantage for your idea? How do you think moving and living on your own has helped you understanding of people? your market? Maybe there is no advantage at all? I think people who understand the ambiguity of the "it" factor will always appreciate you saying that, because sometimes it can hard to verbalize the idea that you know you bring something different to the table (even if you yourself don't know what that "it" is).
ReplyDeleteHey Jeremiah! I like what you did with your second idea napkin, and your introduction was a great hook. I think your product idea is amazing and revolutionary, and I think it's capable of being incredibly successful because, as you said above, it could literally be targeted at anyone. As far as constructive criticism, I would just say maybe try and identify some specify target market parameters now to make your marketing approach easier in the long run.
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