Executive Summary
The Wi-Fi talkie is an invention that generates a device that is just a sole earpiece with no attaching cable or the talkie. It would also improve a new way to communicate with each other in a more desirable way without the cable that would satisfy the staff members that are employed in retail stores. The unique thing about Wi-Fi talkie is that you won’t need to carry the heavy talkie and have the wire in the way. Besides having a prime focusing on the making of the walkie talkie exceeding, we are also emphasizing in quality customer service to achieve customers’ satisfactions through our efficient product and service. As an employee at Gap I am well aware for things that happen with the walkie talkie. My idea is to change the problems that we go through every day and to save Gap some money and not buy earpieces every two week or so. My plan is to make communication easier with out the distractions and to keep them on tasks and they won’t have employees complaining about the walkie talkies. Customers can be ensure of our prompt after sales service upon their purchase made to us and we shall continue offer our service them from time to time but if we are getting stuck to things or the walkie falling out we would not make the customers captivate. We see technology improving, seeing this amazing product but yet I have not see walkie talkies improving or coming back in style. This is my plan comes in because the population of retail stores using walkie talkies is 89% and most of them have an ear piece. Now that technology has advance its time to bring it back in better and new way that fits our time period. Wi-Fi talkie would be the new product that will solve retail problems and would make each employee satisfied.
II. Proposed business/product/service
Explanation of business/product/service
My business proposal Wi-Fi talkie is to create a new and improved communication system for staff members that are employed in retail stores. My new idea is to never use the cable earpiece that always gets in your way while you are on the job or helping customers. Working with a heavy walkie attached to you can be difficult because it hinders the speed at which you are completing your tasks. The wire can often get stuck onto other objects making it hard to work properly. My plan is to generate a device that is just a sole earpiece with no attaching cable or the talkie. In turn this will lead to happier and more productive employees. They always have trouble with the talkie because they don't charge fast enough or the earpiece is broken. Being there for a year now I have seen that the manager has order more than once earpieces and are wasting money because they stop working after a week. In the retail business employees use walkie talkies to connect with each other and so they can provide the best customer service.
Description of the opportunity that exists
Not a lot of people use talkies any more because of their high cost and because it’s heavy and also takes a lot of time to charge. Walkies take about 24 hours to fully charge. The batteries of the talkie runs out fast because of how heavy it is and because it heats up being in your pocket. My product is a new invented way to communicate with others without the big walkie or the earpiece. My new idea is to make it easier for retail companies to communicate and won’t have to deal with employee’s complaining about the walkie not working or getting in the way.
C. Description of the target market
San Leandro County in California is the proposed market area for this business. The focus communities that would be served will be local around the US. Wi-Fi talkie would serve retail business that's uses walkie talkie and is the need to communicate with others. Such as big corporation in the retail market would be the main target market that my product would be sold to. The population of retail stores using walkie talkies is 89% and most of them have an ear piece. My target market is retail business that needs the use of walkie talkies. I thought about this because I’m tired of the cable always getting in my way when in recovering. Having to go to work for 8 hours with the walkie and the earpiece is very uncomfortable and won’t let me get my tasks done. This new product will be a new way to communicate with each other and won't have to complain about the heave walkie or cable.
III. Rationale and Feasibility
A. Trend – What trend is occurring which suggests the proposed business/product/service will be marketable?
The trend I’m trying to do is to make the talkie back in style. When it first came out they sold over $200,000,000 round the world. Now that technology has advance its time to bring it back in better and new way that fits our time period. It doesn’t only have to be big corporations it could be any business or people could use to communicate with each other.
B. Differentiation – What is the unique selling proposed?
The unique thing about Wi-Fi talkie is that you won’t need to carry the heavy talkie and have the wire in the way. This product is like a Bluetooth’s because you would only have the earpiece but will not be connected to your phone. The Wi-Fi talkie is now a new way to communicate with each other in a more desirable way without the cable. This product charge faster and will last 24 hours.
C. Potential
1. What is the potential reach of the proposed business/product/service?
First I would start in the bay area, branch out to the nation. I would sell my product to well known corporation such as Gap, Banana, Old navy. If I see my product progressing I would sell it to other companies such as Target, Wal-Mart etc.
2. What is the growth potential?
Besides having a prime focusing on the making of the walkie talkie exceeding, we are also emphasizing in quality customer service to achieve customers’ satisfactions through our efficient product and service. The walkie would be a big hit because when it came out everyone had one. But after years they all may the same product and didn’t change it much till now. We have a dedicated and professional sales team who handles all solutions and support to our valued customers to their products and services enquiry and purchase. Customers can be ensure of our prompt after sales service upon their purchase made to us and we shall continue offer our service them from time to time. I’m not only trying to get corporations but everyone in the US because now walkie are out of style but people don’t know that they could come in handy.
3. What is the earning potential?
Last year they sold $200,000,000 of gadgets last year and made a profit of $15,000,000. Gadgets technology is changing rapidly, and Company Wi-Fi talkie not only has the brightest minds in the industry to take advantage of this technology, it also expects to be the first company in the industry to implement the technology, which roughly halves certain production expenses. Thus, analysts estimate that Company Wi-Fi another, $12,000,000 of earning potential.
IV. CONCLUSION
I would start my business with 1,900. I would take a loan from the bank that would be 1,300. The rest I would get if from my work business corporation from gap. This product would be sold for $70 or $89.99. What’s unique about this product is that it’s new way to communicate with each other without having to carry the whole system. In general, a wide variety of businesses benefit from the use of walkie talkies. To keep employees informed of urgent information throughout the course of the day and also keep one’s customers happy one should provide the best customer service in the business. Enabling staff to communicate without leaving the sales floor means that the maximum amount of coverage is available without sacrificing efficient stock levels.
The Wi-Fi talkie is an invention that generates a device that is just a sole earpiece with no attaching cable or the talkie. It would also improve a new way to communicate with each other in a more desirable way without the cable that would satisfy the staff members that are employed in retail stores. The unique thing about Wi-Fi talkie is that you won’t need to carry the heavy talkie and have the wire in the way. Besides having a prime focusing on the making of the walkie talkie exceeding, we are also emphasizing in quality customer service to achieve customers’ satisfactions through our efficient product and service. As an employee at Gap I am well aware for things that happen with the walkie talkie. My idea is to change the problems that we go through every day and to save Gap some money and not buy earpieces every two week or so. My plan is to make communication easier with out the distractions and to keep them on tasks and they won’t have employees complaining about the walkie talkies. Customers can be ensure of our prompt after sales service upon their purchase made to us and we shall continue offer our service them from time to time but if we are getting stuck to things or the walkie falling out we would not make the customers captivate. We see technology improving, seeing this amazing product but yet I have not see walkie talkies improving or coming back in style. This is my plan comes in because the population of retail stores using walkie talkies is 89% and most of them have an ear piece. Now that technology has advance its time to bring it back in better and new way that fits our time period. Wi-Fi talkie would be the new product that will solve retail problems and would make each employee satisfied.
II. Proposed business/product/service
Explanation of business/product/service
My business proposal Wi-Fi talkie is to create a new and improved communication system for staff members that are employed in retail stores. My new idea is to never use the cable earpiece that always gets in your way while you are on the job or helping customers. Working with a heavy walkie attached to you can be difficult because it hinders the speed at which you are completing your tasks. The wire can often get stuck onto other objects making it hard to work properly. My plan is to generate a device that is just a sole earpiece with no attaching cable or the talkie. In turn this will lead to happier and more productive employees. They always have trouble with the talkie because they don't charge fast enough or the earpiece is broken. Being there for a year now I have seen that the manager has order more than once earpieces and are wasting money because they stop working after a week. In the retail business employees use walkie talkies to connect with each other and so they can provide the best customer service.
Description of the opportunity that exists
Not a lot of people use talkies any more because of their high cost and because it’s heavy and also takes a lot of time to charge. Walkies take about 24 hours to fully charge. The batteries of the talkie runs out fast because of how heavy it is and because it heats up being in your pocket. My product is a new invented way to communicate with others without the big walkie or the earpiece. My new idea is to make it easier for retail companies to communicate and won’t have to deal with employee’s complaining about the walkie not working or getting in the way.
C. Description of the target market
San Leandro County in California is the proposed market area for this business. The focus communities that would be served will be local around the US. Wi-Fi talkie would serve retail business that's uses walkie talkie and is the need to communicate with others. Such as big corporation in the retail market would be the main target market that my product would be sold to. The population of retail stores using walkie talkies is 89% and most of them have an ear piece. My target market is retail business that needs the use of walkie talkies. I thought about this because I’m tired of the cable always getting in my way when in recovering. Having to go to work for 8 hours with the walkie and the earpiece is very uncomfortable and won’t let me get my tasks done. This new product will be a new way to communicate with each other and won't have to complain about the heave walkie or cable.
III. Rationale and Feasibility
A. Trend – What trend is occurring which suggests the proposed business/product/service will be marketable?
The trend I’m trying to do is to make the talkie back in style. When it first came out they sold over $200,000,000 round the world. Now that technology has advance its time to bring it back in better and new way that fits our time period. It doesn’t only have to be big corporations it could be any business or people could use to communicate with each other.
B. Differentiation – What is the unique selling proposed?
The unique thing about Wi-Fi talkie is that you won’t need to carry the heavy talkie and have the wire in the way. This product is like a Bluetooth’s because you would only have the earpiece but will not be connected to your phone. The Wi-Fi talkie is now a new way to communicate with each other in a more desirable way without the cable. This product charge faster and will last 24 hours.
C. Potential
1. What is the potential reach of the proposed business/product/service?
First I would start in the bay area, branch out to the nation. I would sell my product to well known corporation such as Gap, Banana, Old navy. If I see my product progressing I would sell it to other companies such as Target, Wal-Mart etc.
2. What is the growth potential?
Besides having a prime focusing on the making of the walkie talkie exceeding, we are also emphasizing in quality customer service to achieve customers’ satisfactions through our efficient product and service. The walkie would be a big hit because when it came out everyone had one. But after years they all may the same product and didn’t change it much till now. We have a dedicated and professional sales team who handles all solutions and support to our valued customers to their products and services enquiry and purchase. Customers can be ensure of our prompt after sales service upon their purchase made to us and we shall continue offer our service them from time to time. I’m not only trying to get corporations but everyone in the US because now walkie are out of style but people don’t know that they could come in handy.
3. What is the earning potential?
Last year they sold $200,000,000 of gadgets last year and made a profit of $15,000,000. Gadgets technology is changing rapidly, and Company Wi-Fi talkie not only has the brightest minds in the industry to take advantage of this technology, it also expects to be the first company in the industry to implement the technology, which roughly halves certain production expenses. Thus, analysts estimate that Company Wi-Fi another, $12,000,000 of earning potential.
IV. CONCLUSION
I would start my business with 1,900. I would take a loan from the bank that would be 1,300. The rest I would get if from my work business corporation from gap. This product would be sold for $70 or $89.99. What’s unique about this product is that it’s new way to communicate with each other without having to carry the whole system. In general, a wide variety of businesses benefit from the use of walkie talkies. To keep employees informed of urgent information throughout the course of the day and also keep one’s customers happy one should provide the best customer service in the business. Enabling staff to communicate without leaving the sales floor means that the maximum amount of coverage is available without sacrificing efficient stock levels.