Friday, October 10, 2008

Sample Business Ideas from TYE 2008

A few of you have asked if we could provide you with some sample business plan executive summaries from TYE 2008. We've pasted a few below. Let us know what you think... there are some great ideas in here! Our challenge for you is to come up with bigger and better ideas.

AIM: AIM provides a low cost, high quality, online 24/7 SAT preparation
service that caters to the needs of the student while satisfying the need of the parents. The students will be native English and Spanish speakers. A quality education is essential for success – our company will help students get the best SAT scores possible, without having their score dependent on financial status.

EVOLINK: By focusing on an unattended niche in the current networking industry, we at EvoLink are able to create a product that meets the needs of a very large consumer market. Currently, a large majority of the consumer population demands a trend toward wireless mobility, but at the same time they suffer from a lack of experience with new technology. For this reason, we have approached this situation by creating the EvoHub, a product that will tackle the two main issues we have identified before us. The EvoHub is a revolutionary wireless router that will allow for all peripherals to be wirelessly connected to any computer on the network via wireless USB. On top of this, EvoLink will stress “easy-to-setup, convenient” features. In turn, the EvoHub may likely become the next zenith in wireless connectivity technology.

iCOOK: It is iCook’s goal to enhance the cooking experience for the common man by addressing key issues that both hassle everyday cooks and keep others from cooking. To do this we plan on: (1) Assisting cooks and aspiring cooks fill the intellectual void that they encounter in the kitchen (2) Revolutionizing the approach to cooking by automating previously limiting factors; e.g. digitized voice directions, direct grocery delivery, and meticulous organization of all your favorite recipes (3) Supplement the definition, acquisition, and transportation phases of pre-kitchen meal preparation (4) Allowing people to access any recipe whenever and wherever they want, at the touch of a button

LIVELEG: LiveLeg Inc. is being formed as a private company offering a unique approach to the private jet industry. LiveLeg Inc. is a travel agency that works as a convenient interface between customers and private, and corporate, jets. The company also provides a distinctive way through which the “dead legs”, or empty seats on private jets, can be put to use, hence the name LiveLeg Inc.

MySHOP: Shopping has become a gamble. It is a hit or miss where there is no guarantee that I will find something I love that fits me well. But, MyShop has made it a guaranteed jackpot. Almost every person in the US has stepped into a retail store, and most encounter the same problems, so I thought “why not make a solution where everyone can reap the benefits of the integration of the three most popular industries: retail, shoppers, and advanced technology.” From any computer across the globe, someone can shop, try clothes on their own body, and buy apparel from their favorite stores. Every partner benefits. Retailers have access to a wider market, thus greater potential revenue, they increase their online sales, and reduce costly in-store operating costs. Shoppers receive a complimentary service where they can see exactly how clothes look on their body and try on any item from all of their favorite stores. We tap into these markets by exposing them to the “next big thing,” the developing virtual technology market.

RVRtech: RVRtech is a fresh, new company aimed at changing the way we look at radio. Our plan is to release a radio unit, called an RVR, that has all the capabilities of a modern DVR found in any new cable box. This means that our unit will give listeners the chance to interact with their radio in a way never before experienced. Just like the DVR changed the course of cable, so too do we hope that the RVR will forever change the course of radio.

U-CALL: U-Call provides a combined package of services directed to eliminate the drudgery and distractions of college in the life of the student of today; this allows them to focus first and foremost on their primary objective: an excellent education. U-call will be providing our customers with a number of services such as: Moving, laundry, school supplies, hotel accommodation, transportation tickets, on-campus tickets, end-of-semester parties, restaurant reservations, groceries, student card that doubles up as a debit card outside campus. The demands for each service by each student can be placed through either talking to us at our main office on campus or through the website using their U-Call ID.

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