Tuesday, November 21, 2006

Business plan competition!!!

We are participating in a business plan.. Well,,, not coz we have a great idea but coz the prize money is in 5 digits..
Yday we had a brain storming on the ideas.. and verey body was supposed to pitch in 2 ideas each. One of my team mates suggested a facial for old folk.. Seems after the world war there was a baby bloom ,, and he forecasts that the market for facials would have a boom in this phase..
My idea(s) were to 1. open a cycle stand kind of thing in US schools.. 2. Create a wifi hub for apartment complexes 3. rent out cheap cars/scooters in cheap for international students in the schools
They were not recieved that positively.. but well.. it was a nice experience to experience the way these americans approach the idea, and the way they bring it down systematically..
Finally, we chose a business plan related to ,, sorry, we were all bound by a honour code to not to let it out!!
I started my due diligence on the financial feasibility of the porject.. and in contrast to my expectations that google would throw me every number i needed, there was nomarket data available for free. The market data that would suit our needs was priced at 5000 USD.. (well,not exactly 5000 but at 4999).. I hate to get bounced by the same marketing concepts that i am learning in my curriculum!! :)
Thats about it.. I hope i would finish my end of work by tomorrow midnight.. Thats the dead line they decided.. But with the holiday mood already sinked in, i dont think its an easy task to work on it.

But.. why am i wasting my time in here instead of working on the business plan!!!!!I am an addict to addictions!!!!!

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