Skip to main content

3 Business ideas

#T Inst 475 
Coming up with new business ideas are really hard and one has to be be really innovative to do that. At first I was struggling to find the right ideas but after a deep thought I figured out 3 good ideas in my opinion. First off, I started thinking about my hobbies. I am a sports fan so I love playing and watching sports such as basketball/football. So my idea is that what if we can rent jerseys. I came up with the idea because there are many people who might find jerseys expensive so renting them at a cheaper price can help them support their favorite team during game days. There also would be a condition that they can only rent for at least 2 days. Don't worry the jersey's will be clean and washed every-time before they are rented. So I was thinking maybe we can make an app where people choose what jerseys they want to rent and we can get them delivered. Plus after two days the customer has to mail back the jersey or we will keeping charging them on their credit card if they don't return them. Furthermore, another business idea can be making an app that helps people who are blind. I got this idea after thinking about cars like in this generation we have cars that drive by itself and they just can scan what objects are around them so they can properly function. Thats why I thought what if there can be an app that can guide people who can't see and let them go to there desired destination without letting them hit into any objects or anyone else walking around them. Its kind of like a GPS but a GPS for people who can't see so they can hear the directions and easily avoid collisions because the app can scan things around the customer. Moreover, I love buying new clothes but I'm really lazy to go to the mall and try them on. Thus I thought about an idea about making an app where people can select clothes and can try them on through the app. So basically one can set their phone vertically and stand a few feet away from their phone so the app can scan their body and help them see what they look like if they actually had those clothes. So these are three ideas I thought about.

Comments

Popular posts from this blog

Startup.com

So after watching this movie we got to see the perspective of two young entrepreneurs that were trying to reach success.  We get to see their journey from when they started and how they started which was really fun to watch. This documentary was involved around two friends one named Kaleil Isaza Tuzman and Tom Herman.  In the beginning these two fellows were trying to figure out the name of the company. They were arguing about what should they name the company. Kaleil thought maybe govWorks wont work but after giving another thought he said yes and said that govWorks will be a good choice. After that they tried to find investors. They purposed there plan to many investors where some investors were like go to the west coast because they do internet related stuff, but they didn't give up. They found the right investors and went along, but had to face many obstacles but thats how business works. As the documentary was going along, we as viewers saw how from 8 employees the company was

How do you getting funding?

Funding plays a big role in business. When you have an idea but it requires a lot of money then one needs a good amount of money to make the idea work. In class we went through the step to get funding. So its good to go over it because I now have an idea how I want to get funding.  Basically self funding will be a good start and as we learned in class most entrepreneurs take that step because they are just starting. So after a little bit of self funding then the next step is borrowing money from family/friends. This step can be easy to do or hard because it depends on your family/friends if they want to invest money to make you successful. So in process of funding family/friends can help. So for sure i'm going to take this step and ask for money because the product I am trying to create has sensors involved  and will cost money. Then comes the next step of Angel investing. After lecture we learned that Angel's are private Accredited investors who seek to make investments in you

Guest Speaker#2

Our second guest speaker was Matt Tolentino. This guest speaker was interesting because he's in the process of making a company and thats why we learned a lot about how he goes through the ups and downs of business. We also learned that he teaches at our university and he was a figure skater  in the past too so that was interesting. He then talked about his company and told what their motive was. So the motive of the company was safety and wanted the environment to be safe. Plus their motive also can be helping firefighters in a way because firefighters are real heroes and when a fire goes on they don't know what they are going into so the system created by Matt's company will at least tell what environment people are getting exposed to. So firefighters can also use drones with sensors on them which can help store data and help create maps of the location and tell what exactly is happening. Also with the sensors firefighters might be able to locate if there are some people