EPMD's "Please Listen to My Demo" reflected the spirit of bootstrapping contextualized within a Hip Hop group's experience to obtain a recording contract https://goo.gl/fhBG6w.
Parrish and Eric, two youth from Brentwood, New York found their claim to fame during Hip Hop's grounding years. Their experience is not unlike the entrepreneurs of the tech age. However, what they have is the success of making it happen. Now, how do you make your's happen. What is the pitch that is going to catapult you to the level that confirms you have arrived? What format do you use to sell your idea? When is the right time? These are the questions that budding entrepreneurs need to answer. During our last class, we examined and provided function for The Business Model Canvas. Through the process we were able to examine the intent of the course by learning to appreciate the process that allows it to flow in order to achieve intended outcomes.
To help prepare each student for the Ghetto Genius Hack of their business model canvass I would like you to document in your post the following items about your business or idea.
Value Factor (why is it needed)
Customer Segments (targeted demographic)
Customer relationship (building and/or maintaining capacity)
Channels (Marketing strategy)
Cost structure
Key resources (tools to do the work)
Partnerships (who is at the table)
Revenue streams (monetization opportunities)

VF: I think it is needed because it will make going on vacation much easier and actually bring cost down for people to attend a vacation.
ReplyDeleteTarget: Target 1st time travelers, lazy folks, business men, college students
Customer relationships: Maintain a website holding all data of what type of things they selected previously so that they can easily access them or so that I can send out similar products to them.
Channels: Social Media, Word of mouth, Going to business to business to gain corporate sponsors.
Cost structure: I am actually unsure of this to be honest.
Key resources: 2 college graduates that will run the main project, couple of interns helping with grunt work, hopefully making business connections and using other people from undergrad or through the 6 degrees of separation.
Partnership: As of right now it is me and maybe my roommate. Hopefully I can get other sponsors.
Revenue: In terms of what I have discussed I will make close to 12K a month after taxes and paying for everything.
You'll need a designer, bro. Right?
DeleteYanis, I am not clear on what the idea or business is. Please clarify.
DeleteYanis, I am not clear on what the idea or business is. Please clarify.
DeleteI just created this business idea over the weekend. No matter, I've decided to give a more contextual report -- so please download it (to a computer) and give it a thorough read: https://drive.google.com/file/d/0B9uu-0I0FBmrMFNWLWoxWl9XMVk/view?usp=sharing
ReplyDeleteI'll bring a printable version to class.
DeleteThank you Will. However, please make the process for accessing your document more fluid.
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DeleteAshu and I created a Business Model Canvas and hosted it on this website:
ReplyDeletehttp://postimg.org/image/vp775aws1/
I posted my business model canvas here:
ReplyDeletehttps://drive.google.com/a/illinois.edu/file/d/0B6IF9rMMMGucNHdwalBSWG1vRnM/view?usp=sharing
The Slick team entered the following slide deck and report in the Cozad competition. It outlines the various information listed above. Take a look!
ReplyDeleteSlide deck: http://bit.ly/1M9MdCo
Report: http://bit.ly/1TwkkG9