Discussion:
• Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful.
• Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
My Dream Business
• Discuss the most innovative idea you can dream up for a new business. Explain why you think it would be successful.
Once I launch my event planning business and I get some events under my belt I would like to establish an application that potential customers can go to in order to view my previous events. I would have them categorized by event type, budget, price point, etc. This would give my potential clients an idea of the type of events I will put on, the costs associated by the type of event they want. By doing this they would be able to compare my services with those of other vendors and choose mine due to the cost and outcome of the events.
• Discuss the major challenges you would face in running such a business and how you would expect to overcome them. Provide specific examples to support your response.
Some challenges that I foresee as I launch my business would be in getting my business name out there and establishing a reputation of being innovative, affordable and willing to work with any budget. I'm a true believer that you can make an event nice at any budget and will provide my customers with examples of how we can make this work for them. Based on my various contacts I would also be able to offer additional services.