29A

·     What are the forces or changes in the environment creating this opportunity? 

I created this opportunity so that many people can be in contact with cheaper prgrammers for less then the expensive costs that they are today. After looking at my feedback more clearly now I have realized that this problem I saw is needed more than ever, and the motivation for this change is in the best interest of small business owners. 

·     How is this market defined geographically and demographically? 

Since this is an online business so the need and the market demographics are the entire world. I feel like I would like to stick to the United States in the beginning since that's a market I understand well. 

·     How are customers currently satisfying this need?  And how loyal are they to whatever they use now?  

Not many customers are having that need satisfied now. Thats why I'm coming in and changing it and creating my service. 

·     How big is this opportunity?

This is a huge opportunity the only way I can compare it to is that my need will help customers like how Shopify helped small business’s grow and scale while saving money. 

·     How long will the “window of opportunity” be open?

This has only been open in the last 10 years since the internet and business became a big thing. 

·      What are the reasons to think customers would switch to this new product?  How hard will it be to get them to switch?  

They will switch because my product and service is cheaper then the alternative. 

·      Who are the competitors?  What are their possible weaknesses or vulnerabilities?  

The competitors are no one yet. 

·      What role does packaging, your price points, distribution, customer support, the customer experience or the business location play (if any) in defining your business concept? 

Price points will be $7-8 an hour. 

·      How would you organize a “business” to support the ongoing production of your new product, service, or process? How many employees? What roles are in the venture?  

Create a C suite and a heirchy for my firm

The three minor elements

I also want you to cover three final elements in your description. Your treatment of these questions can be relatively short. Please focus most of your time on the opportunity, innovation, concept descriptions above.

First, describe what you think your most important resource will be. You might call this your venture’s “secret sauce” or “unfair advantage.” Besides your actual innovative product, service, or process, what will you have that will make it hard for competitors to copy your success?

Our most important resource is our people. 

Second, what’s next for the venture? Describe either the next opportunity you want to tackle with your current innovation, or describe the next new product, service, or process that may be aimed at your existing customers. 

I want to tackle the high cost of domains for websites and provide even more services more my customers. 

Third, what’s next for you? Assuming you launched, where do you want to be in five years with this venture? Where do you want to be, as an entrepreneur, in the next decade, and how does this first venture help you achieve your vision? 

In five years I would like a high market share of the programming industry when it comes to small businesses. 

The feedback I received was very eye opening and I think I enjoyed he process of creative criticism since it made my venture concept better. I made more details in my venture concept so its better now then my first one. 

What I changed from my last feedback because thats what I learned from the feedback. This means I added more details to my newer venture concept.