Friday, October 5, 2018

Assignment 11

11A – Idea Napkin No. 1


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?

My name is Cameron Padgett, I am a Junior Business Management major. I have a talent for identifying people In need and helping to satisfy their need. I am really good at helping your people feel like they have a purpose in life and I love to satisfy that passion. I am very skilled at critical thinking, communication, and teamwork. I see this business as an ability to fulfill my passion of helping others and creating an everyday routine of helping high school students get to college.

2) What are you offering to customers? Describe the product or service (in other words, how you'll solve customers' unmet needs).
I am offering leadership, career, personal and professional development classes to allow these teenagers to be ready for life. I want to allow the students to feel like they have a good time by offering an entertainment such as sports, video games, etc. I also want to offer an educational aspect by teaching these individuals things such as coding, public speaking, or any other subject.

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?
All my customers will be minority individuals who have a need to stay out of trouble or for growth. These individuals can come from all different backgrounds, ethnicities, and social statuses that have identified a need for these services.

4) Why do they care? Your solution is only valuable insofar as customers believe its value to them. Here, explain why customers will actually pay you money to use your product or service.

These individuals should pay for the service to enjoy an entertaining facility. The individuals who cannot afford to go to these membership type facilities will receive some assistance through the government from grants or scholarships. 


5) What are your core competencies? What sets you apart from everyone else? Also: what do you have that nobody else has?
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 that have a safe environment for the youth. I have the ability to impact the lives of other teenagers who are at risk. I have implemented a "Stay and Play" method that has allowed me to stay open later than most facilities during breaks and weekends because this is when teenagers seem to get in the most trouble. This company sets me apart from everyone else because not many companies do things for others outside of revenue that they are generating. My company is based on the need to help others and the rest of everything follows.

3 comments:

  1. Hey Cam,
    I think your idea is very inspiring, because similar to Megan's, you are going after social change while still keeping it a formal business at heart. While you may encounter difficulties since people can at times question the legitimacy of not-for-profit social ventures, there is so much potential here to expose. If you can work in unison with local schools and businesses, you can further offer employment and academic opportunities for your customers (at-risk minorities) on top of your "Stay and Play" initiative.

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  2. Hey cam,
    I really like your idea. Kids need somewhere to turn to that will guide them in the right direction. I think this assignment really helped you break down your idea. It will be really great to have a central location for kids from different backgrounds to go to. Kids will learn great skills along with meet new friends who have likeminded intentions.

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  3. Hi there! I think your service could be incredibly helpful for so many children, especially those in high school. Your service would not only offer them useful knowledge for after graduation, but would also allow them a safe outlet to explore various interests. Would this service be set up like The Boys and Girls Club or would it be more like a recreation center? A structured layout of classes as well as a recreation option could be a nice compromise of the two.

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