Tuesday, July 26, 2016

Venture Concept No.2


     My concept is a transportation system that provides freedom to disabled and elderly people by giving them access to a pool of drivers. The key to my concept is that my vehicles will be much more suitable for elderly people. As people age, moving is not as simple as it once was. Getting in and out of a vehicle is no easy task for disabled or elderly people. My concept will provide vehicles that are guaranteed comfortable and safe. Additionally, feedback has told me that in order to have vehicles that are suitable, I would need to buy the vehicles, rather than rely on a pool of random drivers like Uber does. The fact that I would need to buy the vehicles, means that I would need a place to hold them. This part of my concept is where I begin to question it. My initial idea was to have random drivers being accessed through an application who were on-call at all times. Based on what I’ve learned, I changed my concept to focus more on elderly people who want a more comfortable ride or an all day rental of a vehicle and driver. My concept, consequently, would turn to more of a database of drivers rather than the actual transportation side of the business. People have recommended that I differentiate myself from Uber in more ways than I have come up with. I would like to follow how Uber doesn’t have a centralized location and employs as many people as they can. The demographic I am targeting would likely be the middle age people who want to use the transportation for their parents who are elderly. Although Uber may be capable of doing the same job, I have heard multiple complaints from elderly people who say they end up with a car that is either small and uncomfortable or too large to step up into. I think the opportunity for my concept ultimately exists, it will be achieving it that will take some time and further developing. 
      My most important resource will likely be my vehicles. If I do decide to innovate my concept to owning my own vehicles, they will be the most essential and most expensive resource. They would also have to be specialized for the elderly or disabled if I stick with that. What's next with my concept is my exit strategy. I may look to quickly develop the last touches of the concept, before trying to sell it. What's next for me is to continue innovating and thinking of new and useful concepts. I feel like I am too new to the process to settle for one idea. In the future I want to have many concepts that I can ride any direction and build into a career. This first venture has been an eye opener that has taught me how much thinking I need to put into an idea. Also, it showed me that advice from others is extremely important to take into consideration and can lead to your best innovations.


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