19A - Idea Napkin No. 2

1.     My name is Aaron and I am a freshman business major from Potomac, Maryland. I am extremely passionate in helping others and I strive to live my life being as selfless as possible. I also consider myself a hard-working, driven and ambitious individual. I believe I am very creative and innovative and one day hope to make a difference in the world. I am a huge food fanatic and my biggest hate in life is waiting in line, thus where my business idea was born. If I were to actually start a business, I would see it having a large role in my life. I do everything with 100% of what I have in me and me never half-ass anything. Therefore, I would give it my all.

2.     I am offering a product/app that will solve everyone’s favorite and least favorite things in life: food and lines! As humans we are extremely busy every day. Eating is a must to live, however most of us just want it to be a quick and easy activity especially during our busy weeks. Every day we walk and drive to restaurants only to find there is an hour-long wait. What now? We then either miss our plans for later that day since were waiting in line for hours or we are forced to skip a meal so we can get on with our lives. Either way doesn’t seem like a win to me With the New app “No wait”, all restaurants will have access to post the current wait time at their respected restaurant. These will be updated every 30 minutes, so people know the current wait times of that restaurant. It will be a $2 per month subscription fee for users which in the long run will save you money since time is money and with the amount of time you will be saving by using this app, you will be a millionaire in no time!

3.     My customers could be literally anyone. Nearly all people go out to eat at some point and I can guarantee no one genuinely enjoys standing in lines. Although this app is meant for anyone, it is specific for those who are food fanatics but also hate lines. People with less patience would enjoy this app most.

4.     It is as simple as time is money. People would much rather pay a few dollars a month rather than spending hours in lines every month. People could spend more time at work, with family, and with friends which ultimately could help save money in the long run.

5.     I strive for success and I believe I care about others more than most business owners. I truly want the best for my customers, and I am not just worried about how much money I am making. In regard to core competencies, I will need to learn how to code ASAP and honesty practice a lot, so I become good at it. I should also practice making different apps to perfect my skills.

I believe my 5 elements fit together fairly well, except for my core competencies. That is definitely my weakest concept which needs to be improved upon (this is part of my feedback which I will talk about in my next summary below). My first four concepts go together very well and once I can improve upon my core competencies, I can actually follow through with the first four elements which will hopefully result in success.

I only received one comment on my first idea napkin . Therefore, I did not change too much from my original post. I did however take the one piece of feedback I got to improve my idea napkin. The feedback I got was “If you are serious about this application, I would definitely suggest learning the basics of coding as soon as possible.” I completely agree which is why I added a portion of this I into my core competencies concept, which also happens to be what I believe is my weakest concept.