Venture Concept No. 2 (assignment 29A)

     1.  Let me begin by first explaining the scenario in which I realized my opportunity and how and why it could be utilized. My dad flips houses and after being all over the US using his model, he kept telling me how hard it was and how many people told him how hard it was to find plumbers and or electricians that were skilled and professional. He would have to pay crazy prices for half-ass work and when he found a professional, they were booked solid for weeks. This brought me to realize the dying service industry in this aspect and I, therefore, decided to go ahead and think about creating a company that hires, trains, and runs skilled, professional plumbers and electricians to do work for the upper-class community specifically. My dad flipped mostly houses in and around 1 million dollars so that is where he realized this real need, therefore, that is where I want to start as I know there is a majority of these people that have this need. Specifically, these people will be newcomers to a wealthy community, and therefore, they will be looking for connections and people to work on their house when needed. It will be in wealthier, probably coastal areas of the U.S, in order to get the most wealthy customers. Our work will be done as it is needed, for example, for new stereo systems, surround sound, sink and toilet problems, sewage issues, etc. Also, I will try to be partners with construction companies so that I can do the plumbing and electrician work as the houses are being built to ensure constant business.

       As far as my innovation, there isn't much, being that I am taking advantage of a dying but important industry. What will be different than what people may be used to today is the fact that my service will have extremely professional and skilled workers that will be able to fix and help you with almost any problem you are facing in your situation. They will be well-dressed, well-spoken, and will be people who you can trust in your home. This is necessary as many people in the upper class are willing to pay extra for stellar work and to have people that they feel comfortable within your house. 

       The Venture Concept for this business is the fact that I am taking advantage of a dying industry, that I am coming into this industry at the perfect time being that other competitors are falling out and that I am targeting the best market for this opportunity. Being that the income of people nowadays is rising dramatically and that more and more technology is being made, this opens huge opportunities for me to advance this service and utilize all these new things in order to be the best and have a huge client base all over the US. I will be able to start clean and have an innovative system of working that my competitors that are still using old tactics will not be able to stand up to. 

       The thing that will be especially unique to my company will have to probably be the fact that my employees will be highly skilled, knowledgeable, and extremely polite when doing business with our customers. They will be trained to perfection and we will have the highest degree of customer satisfaction possible. 

       Hopefully, this idea and business take off and in 5 years I hope to see it thriving in a specific area of the US, and for the plans to spread across the country to be in the making. I want this business to become highly successful and for it to be successful enough for me to provide for myself and my employees with.

2. I was amazed at how many comments I got on this assignment for part 1 so it took a while to read them all. What was even weirder was the fact that I did not get one negative comment, literally not one. Everyone told me how great my idea was and how I covered all the aspects that seemed necessary for this assignment. People were telling me that the market I was going after would be hard but that my business concept made sense in their eyes, and could succeed. I was very pleased to read all this and know that people believed in my idea.

3. Because my feedback was so positive, I really did not know what to change as I was not told to change anything by my peers. I went through and re-read what I wrote and changed a few grammatical errors and sentences that were slightly rough, but overall, I felt confident with my work.