Hi Veronica,
In reading about your proposed new venture, would it be safe to say that you are aiding new entrepreneurs as opposed to established businesses that have already launched their products to market? At the same time, I also think of entrepreneurs that appear on Shark Tank. Most already have their product in the market but require the financial assistance to expand their business and gain a better foothold in their respective markets. Would these types of businesses find value in what you are proposing? From a supply-chain perspective, I am sure every business is looking for the highest profit margin as the result of finding the most stable manufacturer that can provide the lowest cost per unit. Is this something your business will help provide? For any new business owner, they will want to “research the industry and competitors, talk to industry-veterans, potential users, and others who have failed in the space before” (Kristinsson, 1).
References:
- Andri Kristinsson. 2016. Leap of Faith: When to Quit a Great Job to Start Your Own Company. LinkedIn. Retrieved from: trk=hp-feed-article-title-channel-add” rel=”nofollow”>https://www.linkedin.com/pulse/leap-faith-when-quit-great-job-start-your-own-company-kristinsson/?trk=hp-feed-article-title-channel-add
0 comments