1. You :
·
I'm a freshman at UF as a mechanical engineering major. I'm skilled in
talking to people and I can pick up new things pretty quickly when it comes to
technical things. I have experience on my own just making whatever comes to
mind and plenty of experience talking to people about anything. My aspirations
are to just do whatever I want such as turning my ideas into reality. If I were
to start my concept as a business, it would take a lot of my time
especially since I’ll be passionate about
it and so invested that I'll make sure it gets to where it needs to be.
2. What are you
offering to customers? :
·
I'm offering car companies a product that could be
incorporated into their cars to help reduce the number of fatalities due to car
crashes. The product would be sensors that would be able to integrate into the
car and a centralized software and language that car companies would use to put in their cars as to raise the safety of
the people while having a common language for the cars to communicate with so
different brands can communicate with each other. The sensors would be able to
recognize the other cars and with the software and a network to allow the car
to respond to their surroundings while communicating with surrounding cars so
the cars avoid it collectively and safely without causing more crashes.
I'm customers that buy cars to have the ability to have their chance of
crashing lowered as the car would be able to react with other cars due to an
accident of whatever cause. Using technology
will make the car companies have a better reputation for having a safer car than
people who won't use the technology. It'll be better than the individual
sensors on a car that stops when they are
about to crash as they can be faulty and
stop in the middle of the traffic due to different factors affecting the
sensor.
3. Who are you
offering it to? :
·
I'm offering it to car
companies who want to make their cars to compete with Tesla and their
autonomous driving features. Instead of the cars driving we still have people
driving but the cars can react with other cars
as a group instead of an individual car.
4. Why do they care?
:
·
Instead of having to
figure out how to make the technology themselves they can buy it through
licensing and implement it into their cars. As a result, the car companies that use it will be able to have their
cars communicate with other companies car
to make it much safer for people driving on the road. If they did it on their
own then only the company's cars would be able to communicate with only that
company and not another company's car. With marketing to other brands, as the
first brands use it the rest might follow with a domino effect. As a way to
prove it's usefulness might be able to put the product onto go-karts and see how the go-karts react in a normal race to prove it's
effectiveness.
5. What are your core
competencies? :
·
What sets me apart is
that since I'll only be making the technology and not the cars I can have it implement in any brand of car
that chooses to buy it and have the technology become more effective than only to have one brand utilize it and have
it only work with that brand of cars.
I believe there are
some aspects of my business concept that are weaker with the others. My
business plan relies that on other companies buy the technology from me through
licensing but if they decide not to license then my concept will not be
profitable. I would also have to figure out how to make the technology safe so
it won't cause accidents due to failures or other factors that can affect it
and cause crashes.
Feedback: One of the
main points I took away from the feedback was to put more detail into describing what my product is so I
made sure to describe the product more in detail and describe how it would work.
The second thing I took away is that
networking and communication is an important aspect of creating a business so I
made sure in the "Why do they care?" section to put how we would
communicate how it works and it's effectiveness and how we would network it
with car brands.
