6A – Identifying Opportunities in Economic & Regulatory Trends
My first economic opportunity is about keeping franchise restaurants open past conventional hours in college towns where students are more likely to stay out and eat late. I found this idea from witnessing college students eating trends. College students are much more likely to eat food later than the normal adult. The prototypical customer would be college students in towns such as Gainesville, Tallahassee, and any other large school party school in the United States. I believe that the opportunity would be relatively easy to exploit, as all the franchise managers would need to do is calculate the cost to employ people verses the potential profit margin. If the calculations come out profitable, it would be easy to exploit this opportunity. One regulatory opportunity would be to enforce stricter taxes on online purchases for websites such as Amazon.com. Currently there is no sales tax per state when ordering items online. If a sales tax was instituted based on where the item was o...
I really liked your hook at the beginning of your pitch! I thought you were very persuasive with your proposal and successfully convinced the target market to use your service. Moreover, when you said that the fees were included in the marina, it didn't make it sound like a big price hike which made the idea of using your service more enticing.
ReplyDeleteI think your business idea is a strong one. I think you could have dressed up a little nicer, maybe just have a button-down shirt on. Other than that, I feel like you could have explained more how many boats there are per marina and how much of the money you would make per membership to the arena. This would show the investor that he has a way to make money if he invests in you.
ReplyDeleteBut overall a great first elevator pitch.
I think your elevator pitch was really good! You spoke with confidence and expressed your idea clearly. I think it's pretty hard to convey everything you need to to be able to pitch a business well in 60 seconds, but you did a good job! nice work.
ReplyDeleteYou do a great job explaining your product and what it is! You really portray your emotions and how much you care about its success. You present the information clearly and confidently which always helps in a presentation.
ReplyDelete