Venture Concept No. 2

Opportunity:

In this class I learned that  problems can become into opportunities;therefor, this ventures started.

The idea of my venture already exists ; however, It is probably not working because many students are still forgetting when to turn in their assignments. This is a problem that happen to many of college students because most of us work and are thinking in oder things.So, I want to prove something innovative to the market.I think that technology this days has become something very important and since students are all the time on their cellphones I decided to create an app that hopefully will be successful and useful.The reading states that a venture concept may be defined as the application of a specific innovation to address specific opportunity. Therefore, my venture started because I first saw a problem and I found a solution. Then, I realized that finding a solution for this problem was an opportunity to begin a business. Therefore, the problem was that many students including myself forget when there assignments are due. I decided to create an app that will be synchronized with canvas , and that will be constantly reminding students with a lot of anticipation when to turn in their assignments. 

Venture concept:

My venture concept is very simple, but very useful at the same time.I really think the idea that it is an app because it is something that I can be constantly innovating the idea of the service and will not cost me lot of money.Technology has become very productive nowadays.The market right know is define demographically I will first begin with UF students; however, in a future I would like to expand to other universities. My customers are UF students and it will satisfies their need because I’m pretty sure that their grades will change drastically. This is because many students work and have other actives.So, it is very hard for them to keep up with everything. So, UF Smart Planner will do the planning for them. This is a big opportunity because I feel that many of them will use it and more in UF since it is a very competitive among students. Many students care a lot about their classes ,and they will not miss this opportunity. At this point, I don’t really know how long the window of opportunity will be opened I have to first se how the business begins in order to answer the question. Once I have my business, I have to start thinking how can I innovate.I know it will take time and money but it is necessary. 

Innovation:

Innovation is important because there are always competitors in the market and innovation can be a competitive advantage. I will also try to be better than my competitor by analyzing their service and seeking out what is working and what is not working. The actual concept of this venture is to help students because I’m one ,and I feel they would do much better with this new app. The idea is to begin with this venture and then innovate, or start another one with the same purpose. At this point, I don’t have the idea of what would be the other venture; however, the idea will also be to help students satisfy their needs.