NEW VENTURE IDEAS

New Venture Ideas

1. Handicrafts online India is home of Small & Medium scale industries known for hand crafts which attracts lot of local and foreign customers. Combining art work of different states and selling through online portal.1. Senior Citizens care As growth in nuclear families and movement to urban cities, seniors are not getting care as expected. The services will provide overall service for old age people with world class facilities. 1. Kid friendly gadget Kids are more interested in gadgets, so why not make kids friendly gadget like I-pad or phone which has only limited feature of games, learning and direct calling number etc.1. Manufacturing recycle plastic1. Mobile consulting We have in person consulting as well online but mobile is on-go consulting.1. Auto grading system for school and offices1. Mobile salons Unisex1. Healthy food machines for offices Vending machines for people in offices having organic food and healthy drinks1. Testing Simulations for startup With more startup culture, testing is necessary to put ideas in place.1. Pet care world All day care center and adoption in urban and semi urban with all clinical facilities too.

Screening & SelectionAccording to screening and selection process, following are the top five ideas: 1. Handicraft online store1. Mobile Consulting1. Auto Grading1. Testing Simulations (top)1. Pet Care world

QuestionNot KnownLowMediumHighEffort L-M-H

(1-3)(4-6)(7-9)

Handicraft IdeaSenior Citizen careKid friendly gadgetRe-cycle able plasticMobile consultingAuto Grading Moving unisex salonHealthy food Testing simula-tionsPet care world

1. Is it a new combination?MHHLHLHMMM

2. Is there a product market match?H LLMH MMMHM

3. Is there a net-buyer benefit?HMMLMMMHMM

4. What are the companys margins?HLMLLMLMHH

5. Is sales volume sufficient?LMMHHHMMHL

6. Does product lend itself to repeat purchases?MHLHMMLHLM

7. Is there a long-term need?LLLLLLMMHM

8. Are resources sufficient?MMLLMLMMHM

9. Is it inimitable?HLLLLLLLML

10. Is it non substitutable?MLLLLMLLML

11. Is there no slack? (waste)MLLLHMMLHL

12. Is there no hold-up?MMMMLMLMHM

13. Is uncertainty minimized?MHLMLMLHMM

14. Is ambiguity reduced?MLMLMLLLMH

15. Management expertise?MLMLMMLLMH

Business ProposedTesting Simulations for Startups1. What is the venture opportunity that you would like to build as your business?

As there are lot of new and budding ventures in India growing at the rate of 30%+ year on year and high failure rate exist there is an opportunity where new marketers can test their idea and can calculated results as per their business plan . This will be an analytical approach which will give fair idea about the expected result from the input given and accordingly the strategy can be devised. 1. Why does this business exist?Business exist because of the niche product which is still not available in the current market. In addition to this the learning to entrepreneurship, fun raising considerations, Budget allocation, Employee compensation etc. are some features which will stand apart from similar software if any available. 1. How will you build the business?First approach will be targeting college graduates and young entrepreneurs which are looking to start their own venture. This will be done by personal meetup through contacts. Parallel approach would be cold calling for particular region of Bangalore. The typical cycle of personal selling will be followed and different bundled packages to be offered. The product would be low to mid-price range and different incentives will be provided for every referral to associate. Major education hubs will be covered and advertised through trade fairs.1. What is the work to be done?For the development of the product, we need actual entrepreneur and issues they are facing in current scenario. This will work with technical team and pilot/beta version to be released to few known associates. Once the product is developed, marketing team will start advertising through online media and eventually to print media. Sales team would be handling personal selling to educate customers about the product. 1. What results will you measure?FinancialCustomerBusiness ProcessEmployee

Net Sales & Gross profitImproving image through feedbackQuality of productEmployee retention

Operating expensedNumber of complaintsTime to deliverSatisfaction

RIO,ROA,ROE% market shareTime to fix a bugNumber of suggestions

Ending cashTime spent with each customerNumber of times bug occursAction taken on suggestions

Investing, Financing cash flowRevenue per customerAverage cost/time of whole processTraining cost & time

New vs retained customersDelivery response timePerformance based ratings

No. of licenses per customer