Venture Concept No. 1

           Creating an app that teaches students how to study properly; A HUGE unmet need throughout the United States. In 2015 there was a statistic posted by Google that there are roughly 20.2 million students attending a college or university. Going into detail my app consists of different techniques to teach students how to study. What is so great about this is not only are there 20.2 million college students this can benefit, 3.3 million high school students projected to graduate this year that my app can also benefit.

            Through middle and high school one is never really taught how to study properly. There are no classes taught about it and students are just expected to know how, or teach themselves how too. My app will display guidelines on proper ways to study and when to properly take breaks. There are different techniques using color, sound, exercises and the list goes on and on. Not only do I plan on just teaching techniques in the app, but I also plan on creating personal study plans for specific large university classes, where thousands of students can benefit at the same time. With that, there are also different categories that I can use which include anything from math and science, to physics and chemistry.

            The list for classes and opportunities will never end, and I believe there will always be a demand to learn. I can also implement a membership for revenue and monthly users, and I can also market the different techniques to sell. My goal is also to connect students in each class and at their specific universities to help group studying be more efficient and useful. This opportunity will exist as long as the world continues to learn. I understand there are apps like this on the market which include study edge, tutoring zone, and smokin notes, however that is only at a few universities. My friends who I have called and spoken to this about at The University of Michigan, Michigan State University, Tulane, Indiana, University of Chicago and many others don’t have systems like this. And when asked they all agreed that they all wished they had a service that could maximize their time studying, and be more efficient in learning.

            I believe customer won’t have to switch to my app because there is nothing like this on the market. Everyone who I have spoken to love the idea and wished that I will make it happen. There are a few competitors at universities, but with this less expensive alternative, how could one pass up saving hours of studying and learning even more information. I would need a team of engineers to help me turn this idea into a reality. I would need a customer service base for if the app has problems at the start, and I would need accountants and service managers to manage the memberships and store that could be integrated into the app. I would want to minimize the amount of employees so maximize the capital earned, however the money isn’t why I want to create the app. Mainly for personal reasons and learning that I spend so many hours in the library not even knowing if I am studying correctly had me frustrated.

            I want to be able to help the world become smarter, and more efficient so that we as a nation can be more productive and better off. I believe my most important resource will be the effectiveness of the students using the app and then spreading it by word of mouth. I can monopolize the market because there isn’t anything to compete with. My plan is that competitors will want to copy my idea, but I am open to working with other companies and if that doesn’t happen, then I wont have a problem getting capital to make sure competitors wont copy my idea. Right now I don’t have any customers because I haven’t even started the process of finding an engineer and creating the app, and turning it into a reality, but I want to pitch it to a company that can help me do that.

            If launched, 5 years from now I plan on being the CEO of the company and expanding into future concepts that await my brain. Truthfully, I want to help students better themselves, and I am not trying to make millions off of this. I believe it is a multimillion-dollar idea and the money will come, but for students to save time, and better themselves was my goal from the beginning