*Must be completely original, thank you!* Submit your Business Plan Idea This Un
ID: 325002 • Letter: #
Question
*Must be completely original, thank you!*
Submit your Business Plan Idea
This Unit was designed to provide you with the tools to identify a new business opportunity. In this assignment, you will provide your instructor with your preliminary thoughts regarding your business plan idea. A word of caution, choose your business idea carefully as all of your future assignments will be based on the business idea you choose now. You should keep in mind the following criteria when selecting your idea:
1. Is there a market need for your product or service?
2. Do you have a unique/special/well thought out idea that gives your company a competitive advantage?
3. Does the business have obvious investment potential?
Name of your Company
Brief Description of your Product/Service
Location of your Business (if web-based, state that)
Primary target market (Who most will you be counting on to buy your product/service?)
Competitive advantage (Why will someone choose to purchase your product/service?)
Explanation / Answer
Name of your company:
Math Wizards on the Web Inc.
Brief Description of Products and Services:
The product that will be marketed is the online learning app which will teach maths in a user friendly and easily understandable way to all students across classes and segments. This app will enable imparting mathematics education from elementary grade to advanced college level and through interactive classes and graphics. The lessons will be on demand and will be a combination of instructor led and self-learning.
Location of your business
The business delivery will be through a mobile application and is completely online. The subscription for service, delivery of lessons and interactions between customers and the business would be through the internet and the app based platform.
Primary target market (Who most will you be counting on to buy your product/service?)
The primary target market would be students interested in STEM (Science, Technology, Engineering & Mathematics) education and who needs innovative learning methods to internalize concepts and who feel disinterested or not inspired through conventional learning solutions.
Competitive advantage (Why will someone choose to purchase your product/service?)
The competitive advantages are:
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