Tuesday, January 29, 2013

The Business Plan


The Business Plan

My First plan:
I have been studying in UWT from past one year and one of the things that I have realized lacks here is a good student lounge. I am talking a student lounge where you get food, beverages, books, Wi-Fi and also have late closing hours. There are a couple of café’s around the area, like star bucks, anthem, metro etc but I haven’t seen any café that has long opening hours. They either close at 6 or 8pm. Being a student sometimes I need to work on my assignments for long hours. And café’s provide a nice ambiance to work on them. I think if there exist a café’ lounge that has the facility of long opening hours will attract a lot of students. A lounge that has a nice ambiance to sit with some affordable food items and beverages can turn out to be a success in the area of our university.  So my business plan would be to open a lounge/café’s for student around the university area.

My Second plan:
My second plan would be to make a mobile application that will help call people to a different country on more affordable prices. The reason I picked up this idea is because a lot of my family members live in a different country and sometimes it becomes very hard to talk to them for long hours because either of the prices or the service. One of the mobile applications that help calling internationally is Viber. It definitely does support calling to a different country for free but then the service provided by the app is very low; most of the times the call ends due to low connection. Another famous application is Skype  Skype does provide great service but again even after buying the monthly subscription for calling a different country, the service provided is not up to the mark. So my business plan would be to have an application that provides good service for calling to a different country at affordable rates.

My Third plan:
My third plan isn’t that strong of an idea but that’s what I could think is a current problem that can be solved with a new business plan. As I mentioned before I have many family members that live in a different country. So there are times when I have to send them things from here. Let it be electronics, cloths, etc.  In order to ship them back there it costs a lot of money. Therefore I want to come with a plan that if a customer gets yearly subscription of the offer then the cost of sending parcels to a different country can be reduced. This plan is may be hard to implement but if a diverse background of entrepreneurs come together I think it can pulled off to be a success. 

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