Assignment 9A - Testing the Hypothesis, Part 2
Who: I could see many people falling outside the business model that I have proposed because they do not have the drive to start a business. My service would help people develop business models and turn ideas into actions. People who fall outside of my boundary are those who do not want to take on the trouble of beginning a new business from scratch, and would rather pursue careers in businesses that have already stabilized.
What: I think the need I have identified is similar to when someone would take on investors to continue their own self start-up businesses. The point where someone needs help turning their idea into action is where I would make my money. After the action has begun and the business begins to thrive, new challenges propose themselves such as increasing production, sales, marketing and others.
Why: The underlying cause of outsiders in my situation are those not interested in creating a business from an idea they think is profitable. Some people have dreams of working for large corporations or other businesses. Or they believe their idea isn't profitable and would be too difficult to sell or service.
Inside the Boundary
Who is in - People with business ideas and believe they are profitable
What the need is - Turning an idea into an actionable business idea with little money up front
Why the need exists - People have business ideas but believe starting a business is too difficult or too expensive
Outside the Boundary -
Who is not - People who don't have actionable business ideas or intend to pursue them
What the need is not - Taking on an investor
Alternative Explanations - People don't believe they possess the skill set to become a business owner
Hey Walter,
ReplyDeleteThe way you constructed your thoughts was very organized and well proposed. I liked how you took into account that not everyone would want to go through the trouble of starting from scratch in a business. Profitability is a main concern in this opportunity and whether or not it is worth the risk. Would you be able to determine and differentiate who has the proper skillsets for this opportunity and who would not be able to make use of this opportunity? Great Job!
Hi Walter, I understand the thoughts of those who do not want to start a business and want to work in the corporation world. But I believe they should still have the knowledge on how to start and how inexpensive it can be. To me knowing how start and not doing it is completely different from those who do not know at all and believe its hard. As well as that some as you said don't believe they have the skills, so maybe there is a way to show them that anyone is capable of obtaining the skills to start up a business? Great work!
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