Today, I am writing more in depth of me and the business opportunity I wish to pursue. First, I would like to start with a brief description of who I am. I am a second-year student at the University of Florida. I hope to graduate with a degree in Business Administration and a minor in Innovation.
My business opportunity was to find a solution to the parking conundrum on campus, on behalf of my fellow students. I feel strongly that there could be a big business opportunity in parking at UF. Though my business opportunity probably will change, it is the foundation I am working off of. If I where to start a business, I think it would take over a big junk of my life. Starting a business requires much time and effort that a college student's schedule does not allow. So, perhaps starting a business now would not be the best idea. However, I can always brainstorm. After interviewing customers and taking into consideration the limited space available at UF, I have tailored my opportunity into a more detailed foundation to work off of.
I wish to create a service that transports students to and from their apartments/pick up locations at a click of a button. This service would be at a low cost because students typically are on a tight budget. Even more important, the service would be in high demand and would attract many customers returning a profit. Customers are students that attend UF as well living in a close proximity to the university. From my interviews, it is clear that students desire better access to parking on campus in order to conveniently walk to class. I feel that this service is different from similar services like Uber because it is a set low price and is specific to University of Florida students and sponsored by University of Florida. Additionally, this service would focus on hiring UF students, since jobs for college students are usually in high demand.
Confident about this business opportunity, I recognize that there could be confounding variables affecting my service, but on a holistic level, I know my service meets the demands meet of students. I feel like many would compare my service to others like Uber but due to the short distances students would be picked up and dropped off the price would be low because of gas.
Hi Andrea!
ReplyDeleteI actually just commented on a blog where the idea was to fix campus parking, so you definitely picked a great idea that does need to be implemented. How would this service be better than free bus systems or uber though? If it is cheaper than uber I'm interested to see how you would make a profit. You have a great idea and thought it out very well!
You can check out my idea napkin at this link http://darby95.blogspot.com/2016/02/idea-napkin-no-1.html
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ReplyDeleteHey Andrea! This is a very well put together post. I really like your idea as well. Not only is this a viable business opportunity, but it would also greatly aid other students. I really appreciate that you seem to have reflected upon your own life and needs as a student in order to construct this plan. Best of luck with the progression of your idea.
ReplyDeleteHere’s a link to my post if you’re interested: http://madiganent.blogspot.com/2016/02/idea-napkin-no-1.html