My venture concept idea is an app targeted at college students for planning out their semesters schedule, viewing degree audits, and viewing class catalogs. The app is called AdviseMe. This is meant to alleviate the problem many college students face which is long waits and inconvenient hours to see their advisers. This app will replace the need to see these advisers for basic questions about class schedules and what is needed for their degree. The app will make money via ad-support, and an optional 1 dollar fee to remove ads permanently. Our 'secret sauce' is the convenience factor of exploiting the prevalence of technology among the college demographic to solve a very common problem. In the future, I would like to expand this venture by selling it as service packages to colleges for them to provide to their students free of charge. I would like to manage this venture for awhile, and eventually sell it off.
The primary feedback I received while talking about this venture with people was positive. People in my targeted demographic agreed that they would find such a product useful. Originally I was going to charge everyone for the app, but feedback suggested that I make it free with ads with an optional buy in to appeal to college students more. Additionally the idea to sell as a package to schools was an idea I gained from feedback with a professor at UF.
It's definitely nice not having to wait for an advisor. I did a ton of research when I was first admitted to UF, mapped out the prereqs and courses, etc. My first advisory appointment was long, like 30 minutes, but I went over my entire college career with her and we tweaked my schedule. Now I just email to check in and get minor updates.
ReplyDeleteIt sounds like your app would basically do that, but without the student having to do it. I can tell you, it's a great plan.
Check out my blog post at
http://ufent3003jt.blogspot.com/2016/04/venture-concept-no-2.html
That's great that you had a professor give you advise. Your app seems very similar to the UF app already in the market. I think if you had an app that made degree audits easier to read that would be helpful. Maybe you could have a chat feature with other college advisors. They don't have to be advisors from the school, just someone that can read the degree audit.
ReplyDeleteCheck out my blog:
http://stent3003.blogspot.com/2016/04/venture-concept-no-2.html
Hey Jordan, I think the potential threat to your venture, will be the Universities themselves. What stops them from developing and supporting their own app (using free student labor), and then charging a convenience fee to the students?
ReplyDeleteHey there Jordan,
ReplyDeleteGreat job summarizing your important feedback on this final reflection. I Myself don’t have too much of an advisor problem, because the one time I met with someone I planned out my entire 2 years, but I do remember the initial meeting being hard to arrange.
You can read my post here if you would like, and are free to check out the rest of my blog! http://rileyent.blogspot.com/2016/04/venture-concept-no-2.html