11A Idea Napkin No. 1

Me
I am a 4th-year Finance and Statistics major from Naples, FL. I have always been good at understanding the big picture of things as well as being able to look at problems from a quantitative perspective. I have served on the executive board of the Student Finance Group for several semesters as well as Community Service Chairman for my fraternity. I interned as a Risk Consultant with RSM this past summer. I want to bring my idea to life to make people's lives easier and to hopefully allow it to grow to help people all over the country/world.

What I am offering to Customers
I am offering an app-based service that would allow people to locate open parking spaces in the Gainesville area specifically on the UF campus and the surrounding area. It will crowdsource data from other users who will be able to report open spots, similar to the way the traffic app Waze works.

Who I am offering it to
I am offering it to students and faculty of UF, as well as anyone with a car who lives in the area immediately surrounding the UF campus. These people all would be using either UF or city parking i.e. they do not have a reserved parking space. They also would be frequent users of their cars and also have busy lives that make spending significant time searching for a parking space illogical. I believe these characteristics fit many of the people here.

Why do they care?
They care and would pay for this service because time is money, and this service would save significant time the more it is used. Therefore if a user frequently uses their car, the time it would save would add up quickly. It would also lessen the frustration that occurs when you have to drive around for a while searching for a parking space. Improved attitude and ease of life is also something I believe customers would be willing to pay for.

What are your core competencies?
I believe that I am a natural leader and would be able to find people to help bring this idea to life and sell them on my vision. By getting the right people on board to develop this app/service, I would be able to ensure that it works to my standards and actually provides people the services that I want it to be providing. By giving users a working easy to use service, I believe my idea will be a success.

Reflection
I still believe that my service is a necessary one, that people that comprise a large demographic at UF would be willing to pay for. I believe my specific experiences, knowledge, and abilities would allow me to bring my idea to life and ensure that it is a success. Based on these questions, I believe everything ties together into making a successful business.