Venture Concept No. 1 Week 12

With my business idea there is major opportunity involved when it comes to what is going to be available and who will be using my services. When it comes to the transportation for major universities and colleges bus services just do not cut it. The student body is who has the need and are the potential customers. The nature of the need is that bus services only have specific pick up and drop offs. With my service there will be an app and it will put your location on and we will pick you up from your car in the parking lot and take you to the door of your needed destination. The changes in the environment is that the streets keep getting more and more cluttered and with my services we will not have to wait for the lights on the crowded streets we can use the sidewalks or even designated drive through. My customers are satisfying this need because there will always be a huge student body for me to work with and they are extremely loyal to the bus system or walking because driving to school is just not an option. To me this opportunity is massive because it offers me the right age group of clients and a never ending supply of them and for me to give a good service at a fair price. The window of this opportunity will always be open as long as there is a student body at these universities. My product offers students that refuse to wait for buses or refuse to walk to their designated room for school an easier opportunity to get there faster. For just a dollar per student that can be paid with tuition and then the school will pay me there will be multiple 6 person golf carts that will pick up students from the parking lot and take them to the exact building within their designated time frame. Easily money will pile on and on from the more students decide to pick this service. My innovation will address the opportunity that I identified by making sure that students get the best price and the best time of arrival to their classes. I believe the customers would switch to my product because I offer such an easier alternative that the bus system and more pick up and drop off spots. I feel once I get around twenty students to switch and they like it, word of mouth would pick up and become a high demand for the student body. The only competitors are the school bus services or city bus system. Their weaknesses are that they are never on time and do not have enough pick up and drop off areas. And it can get crowded extremely easily. Customer experience is extremely important when it comes to my service because when they have a good time it will make it easier for me to connect to better business. At colleges word of mouth is the best way to market any product. Price points play a huge role because of the rate I charge it is impossible to beat my price and not stick with my product. The business location is seriously important because if it was not with schools it would not survive because then people can just drive themselves. I would hire employees as the time goes because the bigger the company grows the more people I will need. The roles that are played in this venture is getting students on time to their classes and satisfying everyone that has to do with this company. My most important resource would be the amount of transporters I can gather. The more transportation systems I have the more people I can carry around. The next opportunity I want to tackle will be moving to all major universities and become a transportation system they offer from the school and they just pay me per semester to keep their students happy. In the next five years I want to be somewhere living on the coast just being the owner of the company and let everyone else run it and keep my eye on the profits and the CEO's of the company. In a decade I could see myself investing or opening up different business and trying to do the exact same thing all over again. This venture would help me with my future ones because I started from scratch. I had nothing and worked this business idea from nothing and made it a successful business and I would have the money and courage to start another one from scratch.