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Showing posts from September, 2019

Testing the Hypothesis (pt.2): Assignment 9

Who: Interviewee #1 was a student that recently got her GED and currently satisfied with her full-time job at a retail store. This person doesn't have a need for a folder machine because of all the free time they have, unless they want to spend extra money to have another machine in their living space.  Interviewee #2 was a single mom of two and is currently working two jobs to pay the bills. Although she could use the little extra free-time she would have by using the folder machine, she states that it is currently not in her budget to buy another machine to put in her laundry room. Interviewee #3 was a college student living in off-campus in an apartment. He came up with a good point that most apartments don't come with enough space to have another machine in the laundry closet. So the need of a washer and a dryer is more important than a folder machine.  Interviewee #4 was a well-established insurance sales man. He states that he doesn't fin...

Solving the Problem: Assignment 8

The opportunity that I found was finding a way to make a person living a busy lifestyle, just a little easier by giving them one less task they have to do. Coming up with a product or service for this opportunity was hard because we already have things like uber eats, microwaveable foods or Walmart pick-up to give us food fast. There also already exist personal assistants that help you run your errands when you don't have time. The product that I ended up coming up with was a folder machine. What is this exactly? Just like we have a washer and dryer to obviously wash and dry our clothes, I came up with a folder, to fold and iron out clothes. This way we always have ironed out clothes, so that we look presentable and we don't have to spend extra time folding. We can use this extra time we have, to finish other errands or spend time with family and friends on the weekends.  Although the folder machine only would save about thirty minutes of our weekends, this is thirty mo...

Testing the Hypothesis (pt.1): Assignment 7

Opportunity-->  Every year, Americans are getting busier and busier, giving them less free time on a weekly basis.  Who:  Americans  What:  not having free time for errands or family time.  Why:  A lot going on around them, everyone is on a non-stop pace.  The "who"-->  It doesn't just have to be Americans, it is anyone living a busy lifestyle, whether it be in Europe, Australia, etc.  The "what" -->  The boundaries for this opportunity some people truly like living busy lifestyles. If they have good time management skills, then they can make time for anything and anyone. The" why"-->  Why is our world going at a fast pace? I believe we constantly think that "we don't have enough time" or that we are afraid of falling behind. Interview#1  In this interview, I asked some questions to one of my friends that moved to New York City last year and is currently attending NYU. To sum...

Practicing Opportunity Identification: Assignment 6

Climate Change Is Causing More Natural Disaster Source:  https://www.thebalance.com/top-usa-future-economic-trends-3305666 I conclude that there is an opportunity here because there is statistical evidence of the increase in temperature, wildfire, and rising sea levels.  A prototypical customer for this opportunity could be an environmental lawyer, they can find more evidence for showing that climate change is affected our economy by not letting food grow due to the extreme heats and/or floods.  This opportunity will be relatively difficult to exploit because the government right now is not putting in a lot of money towards the environment   I saw an opportunity here because I recently had a conversion with a student who wants to become an environmental lawyer and wants to make a change in the world  Baby Boomers Aren't Retiring  Source:   https://www.thebalance.com/top-usa-future-economic-trends-3305666 I conclude that ther...