19A – Idea Napkin No. 2

You: I am an undergrad business student. My skills are talking to people, and I have experience in teamwork and working with others. My aspirations are to have a job that combines business and interacting with people, being able to make others feel comfortable. In my life, I see this business being a product that I would sue even if no one else does. I believe that as long as I stand by my product and will back it, it will show people my dedication to it and it will sell.
What: I am offering a product that helps fallen beard hairs to be caught in a rectangular cloth, making it easier for people to clean.
Who: I am offering this product to men who trim their beard or people who have to share bathrooms with men who trim their beard. It is a problem for other people too, not just the person trimming their beard.
Why: People care because cleaning fallen beard trimmings can be a nuisance and this is a product that solves that problem.
What: I have good people skills which set me apart from everyone else. I have the ability to make others feel comfortable and reassured, which is a good quality to have when selling a product or pitching a product to investors.

These elements all fit together because it allows me to best pitch this product to buyers or investors. I am the potential customer, I am someone with a beard and someone who would use this product. I am able to talk to people about why this product is important to them and how they can use it in everyday life. I am also able to give them a business plan as to how I am going to sell this product with potential numbers. These are all qualities that buyers and/or investors would look for, ultimately leading to the product's success.

Feedback: The two main points that I gained from the feedback on the first Idea Napkin was that I have good enthusiasm when talking to people, and my business background. I tried to incorporate both of these qualities in this Idea Napkin and enhance them. With am emphasis on these qualities, I believe that I have done a better job representing these qualities that buyers/investors look for.

Comments

  1. Hey Akshay,

    I think your skills of being able to talk to people are very valuable. Like you said, they will be able to help you pitch your idea to investors to help fund you. It can also help you to meet other people and make connections that can really benefit you going down the road.

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  2. I think you've got an interesting idea that could has potential to be a moneymaker. You're on point with the feedback; having good people skills can definitely give you an advantage when trying to market your product to potential customers. Also, your business background gives you an edge starting out with this new idea.

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