Monday, February 8, 2016

Idea Napkin No. 1



1) You. Who you are. What your talents are. What your skills and experiences are. Also: what are your aspirations? Specifically regarding your business concept, how do you see this business (if you were to start it) playing a role in your life?

This idea is one that rounds out and completes my life.  Is it wrong that it start as completely selfish "I wish I had a..." Which turned into iDrive.  My talent is essentially the ability to untangle a weave of strings and find the way to untie it both conceptually and in construct.  This is true with both people and process.  It is what drives me and what I love.  We bought our home and I could instantly see past the clutter and poor design to a beautiful and modern interior and a massive amount of potential. Then is when I start to fall apart though I found A and I can see "Z" and I know it can go to Z if I follow the steps in the middle... But then life gets in the way; or I don't know how to do step D or step J has to start and stop 100 times for whatever reason.  It's frustrating and there needs to be a way to balance it. 

2) What are you offering to customers? Describe the product or service (in other words, how you'll solve customers' unmet needs). 

What I'm offering is a planning tool; that has built in plans.  Want to remodel a bathroom, start school, lose weight?  All admirable goals to obtain and while every home, school and body is different there are fundamental similarities in the way you plan for these activities and some similar things that you have to measure towards success.  Layer in with that the idea of "oh by the way" life doesn't stop while you're remodeling the bathroom.  You still have laundry, dishes, dinner, shopping and everything else that you do from day to day.  So how do you measure it ALL and guess what the lightbulb needs to be changed and the smoke detector is beeping at you.  :) are you stressed yet?  In comes iDrive to help you sort manage and track your day so you can feel accomplished on all of your goals.  

3) Who are you offering it to? Describe, in as much detail as possible, the demographic and psychographic characteristics of your customers. Think especially of this question: what do your customers all have in common?

There are a certain groups of people that this just won't be for.  This may work for those folks who are good note takers and plan makers already; it may make their day just a little easier.  The reality is though that they won't be looking to spend $5.99 on an app to help them do what they already do.   The application is for people (most likely) between the ages of 20 and 55 that own a smart phone or tablet and have the pesky issue of not being able to put into tasks and measures what they want to accomplish.  My thought is people who are frustrated with progress or can't balance their current day's work and still wish they could add more. 

4) Why do they care? Your solution is only valuable insofar as customers believe its valuable to them. Here, explain why customers will actually pay you money to use your product or service. 

What a truly great question.  Aside from the concept of helping them to achieve their goals and the factor of motivation for their continued completion of tasks onwards toward them; there is also the factor of "do you need help with that?"  Imagine if you're planning a bathroom remodel. You type it into your app and it pushes out here are the X number of things and Y number of hours it will take... Feeling suddenly overwhelmed?  Why not link it to Angie's list so you can hire a contractor instead for that goal and move onto a new one?  Partnering with like applications (Uber, Angie's List, Groupon, etc.) could be a valuable way to create good synergies. 

5) What are your core competencies? What sets you apart from everyone else? Also: what do you have that nobody else has? 
My wife might say: strategic thinking, strategic planning, charisma and analytical thought.  I would say that there is a fine line between Customer Focus (giving your customers what they want) and Operational Excellence (being efficient and effective within your process).  If you lean too much in one way or the other you start to take from either your customers or your operation.  I am one who tries to ride that line as balanced as possible.  Ensuring that my customers get what they need but that their wants don't impede on the ability for the process to serve them. 

6) In addition to these five elements, please spend a paragraph evaluating whether you believe these elements fit together or whether there are aspects of your business concept that are weaker / out-of-joint with the others. 

I think that the whole concept here is trying to build my Jarvis (Echo, Cortana, Siri, etc.) to fill in the void of my skill set.  I'm not a project planner.  I'm the idea man and I know the people and technology extremely well.  This has made me acutely aware of my weakness in setting the plan in motion and as such am extremely certain of its value in the process of success.  The gap here is that I (personally) don't have the pure understanding of how to make this business successful.  Sadly I'd need to have the program with the long term goal of "starting a business" so that it could give me the steps I need to take to make the vision a reality. 

5 comments:

  1. This comment has been removed by the author.

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  2. Hello Keneth,
    To start off, your picture is ideal! Ic completely agree with your statement that everyone is always trying to reach a goal( or at least should be), what else are new years resolutions for. And that although school and body is different for everyone there are fundamental similarities in the way you plan for these activities and some similar things that you have to measure towards success. I really like your idea and i truly hope it works out for you, i can definitely say i would be interested in being one of your costumers! If you'd like to check out my idea napkin, you can visit my blog here:http://ent3003img.blogspot.com

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  3. The idea is fantastic, because I’ve gotten stuck at D or P, too. I think that’s a universal experience. Most of the time, I can find my way out, but often it takes longer than I’d like – or longer than I have to devote.
    I was a little confused about your name. When you said it was called iDrive, I immediately thought it must be related to traffic or maps or something like that. Where did iDrive come from, and how does it relate to your idea?

    You can read about my idea at
    http://ufent3003jt.blogspot.com/2016/02/idea-napkin-no-1.html

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  4. Kenneth,

    Solid idea. Really like where you are going with this, as I think it could be applied to basically anything. I think everyone struggles more with certain things at certain stages than others, and helping people work through these weaknesses is a great goal. However, your idea may be a little too broad to put into practice. It seems as though your main focus is productivity enhancement, which is definitely a fairly saturates market. In order to focus your idea more, it may be helpful to pick one industry (i.e. housing - remodeling, cleaning, organizing, etc) and provide tips and tools that help people accomplish the tasks that they want in this one sector. Google provides people with endless amounts of information, but people still struggle with learning new things. I think simplicity would be key with this app, in order to improve and simplify people's lives. Thanks for sharing!
    Check out my idea at: http://apentrepreneur.blogspot.com/2016/02/idea-napkin-no-1.html

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  5. Hey Kenneth, I really enjoyed reading your idea napkin and your product is truly interesting. It is something I’ll use. For example, I find it hard to work out because I’m not fully sure of the process to get fit, however, by using this app I can know all the different exercises and reps to do. You also said it will be link to other apps so it may help me to find a personal trainer which will be very motivating. I think you should really expand on this idea. Check out my post:
    http://jamalbrown4.blogspot.com/2016/02/idea-napkin-no-1.html

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