Opportunity
My customer base come from the growing size of student deciding to take online class rather than going to university physically. This is due to preference or financial reason that make it too expensive to live in dorm or must constantly drive to their university to take classes. This group has lot of potential customer that would go for this app for variety reason. Some are diligent student who are looking for any tool that will help them further improve, so while some feature like lock down of phone may not be necessary to them. They will still be attracted to feature like calendar integration with phone to help them make better study plan. They’re those who are adjusted to doing self-study do to taking physical class that constantly remind you to study and do your assignment in time. At such this app will help them get adjusted with university online life by providing constant reminder for due date and locking distraction away in order to set up a more class like setting for them to study or work in. As during physical class, you would not be allowed to play gamer or get distracted browsing the internet. This app will also help those struggling with online classes I general by use providing a lot of tool that could help turn their life around by giving them a way to develop more hard-working diligent style of doing online classes. There is time-window for this opportunity that come in two form. First are that customer would only use the app during their university life at such once they graduate this app will become useless to them, after they have graduated. The other time-windowed is the newness of the concept of online class. This time window is harder to measure due to the fact online class are still slowly getting adopted by more university over the years. At such their a lot less competition for this niche but growing market meaning you have a lot less competition for the attention of online student. Another group this app could be used for that is, also growing in number would be for those who take online high school classes. As they have very similar structure to university online classes, at such not much work will be required to modify my app to fit those high school student need.
Innovation
Productivity app is already an establish group of market that specialized on different thing ranging from general app that are made to prevent procrastination and help people achieve their goal through help with scheduling too more specialized app that focus as example thing like living healthier lifestyle. That provide tool to schedule exercise time along with way to record your calories intake and give advice on preparing dish that would help meet you get in shape. This app specialized for university student and provide tool specifically for them. Such as canvas calendar integration with the calendar provider in your phone. At such having constant access to due date for your assignment at all time without having to login to your online class account. Along with alarm set up to remind you ahead of time as the assignment due date approaches you. Other feature consider would providing access to resources link for studying purpose along with forum communication to give recommendation on picking your classes better and giving you good idea what to expect for each semester. The pricing would be a onetime two-dollar purchase that provide additional source of revenue from cosmetic feature to customize thing like calendar provided. Along with a donation button for those who are really benefited from app and wish to further pay us to improve the app through update. I feel like adding a suggestion section to write and submit idea would make my app read my customer better thus allowing to prioritize improvement implemented in the app. I also planning to find online high school to partner with, along with just making the app general compatible to those online class as well due to fact that I feel beside the class difficulty itself both university and online class don’t differ too much.
Venture Concept
Customer would come for my app for variety reason. Such as low price providing low barrier of entry in desired to try this app to see how it improve their performance in online class. This two-dollar price will be specially attracted due to many productivity app being similar priced. Along with the fact that taking university class cost a lot more than my app. At such someone taking class will see two dollar as very small price to help make sure you get everything out of the cost already paid for taking online classes. At such between failing or not doing well in those classes and paying two dollars will be a no brainier payment to make sure you get value out of your previous much costly investment. This app will also provide community for those just starting to take online classes that will help them do well in them like website that help guide student who were taking physical university classes. The main feature would direct integration with partner online school such that they will provide more benefit for online student choosing our app over a more generic productivity app. The fact few app is specializing to online class combine with newness of experience of taking online class a lot of student would experience. Would make them more curious to trying out my app do to having a lot less competition from other app along with less advice for them being available. Along with that if their widespread use of this app specially in particular online school I would like to find some partnership with that school to offer the app for free to all student enrolled in that school for a decent fee from the university. This idea is inspired from partnership that UF has with many companies that allowed their student to access purchase program like PowerPoint and Microsoft excel through the power of the UF cloud service that is free to UF student. So, I know that university like to do this kind of thing, an that such partnership would be a win for both the partner university and my business.
Three Minor Element
Besides your actual innovative product, service, or process, what will you have that will make it hard for competitors to copy your success?
The hardest feature to copy based on the resource I have available would be my connection to a university online school of UF. This give me firsthand experience to how online student function in their classes. Along with possible access to being able to get permission to integrate my app officially with an online university of Florida. This type of connection is harder to obtain as they’re not as simple to purchase at such it much harder to copy. At the same time a lot of company due to have connection to university so it not impossible for competitor to copy this advantage it would still serve as something that will limit the ability of other company without this connection to compete against me.
Describe either the next opportunity you want to tackle with your current innovation, or describe the next new product, service, or process that may be aimed at your existing customers.
I would like to add a lot more feature to my app in order to being able to differentiate myself from other competitor. Also, I would like to find not intrusive extra payment option that not hamper user experience in order to get a steady stream source of revenue that will continue to improve my app at a much quicker rate thus increased my market shared.
Assuming you launched, where do you want to be in five years with this venture? Where do you want to be, as an entrepreneur, in the next decade, and how does this first venture help you achieve your vision?
I would like to focus mainly in improving my app for the first five year of the app life. After that I would slowdown support of my app unless it is providing a large amount of profit a start focusing a new business idea. Specially if this venture is successful as my next idea could be more ambitious due to being able to get a lot more investor for my idea due to having an example that my idea has been successful before. Of course, during those last few years, I would be picking and training my successor in order to make sure that my business is being hand over to someone trustworthy.
Feedback
I did not receive any feedback from fellow student in my blog, so I will use the feedback receive from the “What Next?” Assignment. The feedback receive from interview could be summarized to making my app more specialized in aspect related to online class and it’s ever evolving nature. The other feedback I receive is took look for alternative payment method or even way to make my app. As there were curious but wary do it not being free to tryout. This assignment also gave me feedback to investigate expanding my market into closely related region that have been neglected.
Improvement
From the feedback I receive I decide to invest in some innovation that will make product much more desirable and better. This came mainly from interview number one in the form of including a support section to my app to collect suggestion from user in order to improve the app and make it more specialized for doing online classes. From interview two and three I investigate more idea of making my app free for some people while still being profitable. This led me to idea with partner with certain university to be able to offer my app for free to online universities student in return for a reduce bulk payment from university itself. Also, from looking into unseen venture based on feedback receive I came up with the idea to expand my app business to online high school classes as that market is nearly identical university online class but in a smaller scale.
My customer base come from the growing size of student deciding to take online class rather than going to university physically. This is due to preference or financial reason that make it too expensive to live in dorm or must constantly drive to their university to take classes. This group has lot of potential customer that would go for this app for variety reason. Some are diligent student who are looking for any tool that will help them further improve, so while some feature like lock down of phone may not be necessary to them. They will still be attracted to feature like calendar integration with phone to help them make better study plan. They’re those who are adjusted to doing self-study do to taking physical class that constantly remind you to study and do your assignment in time. At such this app will help them get adjusted with university online life by providing constant reminder for due date and locking distraction away in order to set up a more class like setting for them to study or work in. As during physical class, you would not be allowed to play gamer or get distracted browsing the internet. This app will also help those struggling with online classes I general by use providing a lot of tool that could help turn their life around by giving them a way to develop more hard-working diligent style of doing online classes. There is time-window for this opportunity that come in two form. First are that customer would only use the app during their university life at such once they graduate this app will become useless to them, after they have graduated. The other time-windowed is the newness of the concept of online class. This time window is harder to measure due to the fact online class are still slowly getting adopted by more university over the years. At such their a lot less competition for this niche but growing market meaning you have a lot less competition for the attention of online student. Another group this app could be used for that is, also growing in number would be for those who take online high school classes. As they have very similar structure to university online classes, at such not much work will be required to modify my app to fit those high school student need.
Innovation
Productivity app is already an establish group of market that specialized on different thing ranging from general app that are made to prevent procrastination and help people achieve their goal through help with scheduling too more specialized app that focus as example thing like living healthier lifestyle. That provide tool to schedule exercise time along with way to record your calories intake and give advice on preparing dish that would help meet you get in shape. This app specialized for university student and provide tool specifically for them. Such as canvas calendar integration with the calendar provider in your phone. At such having constant access to due date for your assignment at all time without having to login to your online class account. Along with alarm set up to remind you ahead of time as the assignment due date approaches you. Other feature consider would providing access to resources link for studying purpose along with forum communication to give recommendation on picking your classes better and giving you good idea what to expect for each semester. The pricing would be a onetime two-dollar purchase that provide additional source of revenue from cosmetic feature to customize thing like calendar provided. Along with a donation button for those who are really benefited from app and wish to further pay us to improve the app through update. I feel like adding a suggestion section to write and submit idea would make my app read my customer better thus allowing to prioritize improvement implemented in the app. I also planning to find online high school to partner with, along with just making the app general compatible to those online class as well due to fact that I feel beside the class difficulty itself both university and online class don’t differ too much.
Venture Concept
Customer would come for my app for variety reason. Such as low price providing low barrier of entry in desired to try this app to see how it improve their performance in online class. This two-dollar price will be specially attracted due to many productivity app being similar priced. Along with the fact that taking university class cost a lot more than my app. At such someone taking class will see two dollar as very small price to help make sure you get everything out of the cost already paid for taking online classes. At such between failing or not doing well in those classes and paying two dollars will be a no brainier payment to make sure you get value out of your previous much costly investment. This app will also provide community for those just starting to take online classes that will help them do well in them like website that help guide student who were taking physical university classes. The main feature would direct integration with partner online school such that they will provide more benefit for online student choosing our app over a more generic productivity app. The fact few app is specializing to online class combine with newness of experience of taking online class a lot of student would experience. Would make them more curious to trying out my app do to having a lot less competition from other app along with less advice for them being available. Along with that if their widespread use of this app specially in particular online school I would like to find some partnership with that school to offer the app for free to all student enrolled in that school for a decent fee from the university. This idea is inspired from partnership that UF has with many companies that allowed their student to access purchase program like PowerPoint and Microsoft excel through the power of the UF cloud service that is free to UF student. So, I know that university like to do this kind of thing, an that such partnership would be a win for both the partner university and my business.
Three Minor Element
Besides your actual innovative product, service, or process, what will you have that will make it hard for competitors to copy your success?
The hardest feature to copy based on the resource I have available would be my connection to a university online school of UF. This give me firsthand experience to how online student function in their classes. Along with possible access to being able to get permission to integrate my app officially with an online university of Florida. This type of connection is harder to obtain as they’re not as simple to purchase at such it much harder to copy. At the same time a lot of company due to have connection to university so it not impossible for competitor to copy this advantage it would still serve as something that will limit the ability of other company without this connection to compete against me.
Describe either the next opportunity you want to tackle with your current innovation, or describe the next new product, service, or process that may be aimed at your existing customers.
I would like to add a lot more feature to my app in order to being able to differentiate myself from other competitor. Also, I would like to find not intrusive extra payment option that not hamper user experience in order to get a steady stream source of revenue that will continue to improve my app at a much quicker rate thus increased my market shared.
Assuming you launched, where do you want to be in five years with this venture? Where do you want to be, as an entrepreneur, in the next decade, and how does this first venture help you achieve your vision?
I would like to focus mainly in improving my app for the first five year of the app life. After that I would slowdown support of my app unless it is providing a large amount of profit a start focusing a new business idea. Specially if this venture is successful as my next idea could be more ambitious due to being able to get a lot more investor for my idea due to having an example that my idea has been successful before. Of course, during those last few years, I would be picking and training my successor in order to make sure that my business is being hand over to someone trustworthy.
Feedback
I did not receive any feedback from fellow student in my blog, so I will use the feedback receive from the “What Next?” Assignment. The feedback receive from interview could be summarized to making my app more specialized in aspect related to online class and it’s ever evolving nature. The other feedback I receive is took look for alternative payment method or even way to make my app. As there were curious but wary do it not being free to tryout. This assignment also gave me feedback to investigate expanding my market into closely related region that have been neglected.
Improvement
From the feedback I receive I decide to invest in some innovation that will make product much more desirable and better. This came mainly from interview number one in the form of including a support section to my app to collect suggestion from user in order to improve the app and make it more specialized for doing online classes. From interview two and three I investigate more idea of making my app free for some people while still being profitable. This led me to idea with partner with certain university to be able to offer my app for free to online universities student in return for a reduce bulk payment from university itself. Also, from looking into unseen venture based on feedback receive I came up with the idea to expand my app business to online high school classes as that market is nearly identical university online class but in a smaller scale.
Image of competitor app called Forest. This is a general productivity app
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