24A- Venture Concept No.1

Kalie Novosedliak
Professor Pryor
ENT3003- Assignment 24A
April 6, 2020



Opportunity:

It has become increasingly common in not only the US educational system, but our global educational system, that many public schools throughout are not given adequate funding in order to provide resources necessary for it students and staff. In our continuously evolving society, education has become more and more important in order to pursue a stable future through a career. Today, it is more common to attend school and get an education, whether it be at the elementary, middle, high school, or collegiate level. Regardless, our society encourages the importance of getting an education especially for younger generations in order to ensure that they will be set up for success. But how do we know that this will happen if so many public schools don't have the resources to do so? It is our job to ensure that our students who choose to get an education for the better of their future have the adequate resources in order to make their learning experience the best it can possibly be. Technology is something that is constantly being implemented in our schools teaching styles, however lacking technology is so common throughout these poorly funded public schools, which is what creates such opportunity in this environment. To compensate, students and teachers around the US specifically have been forced to share available resources, which does not provide the more efficient and effective way of learning. For example, with a limited amount of computers readily available to the students, switching off usage and having to create a list of who can use it and for how long has been a way of satisfying this need. However, limiting students in their time to use the technology which is crucial in lessons can only hurt their education. Especially in today's society where we have become so dependent on using technology, learning how to correctly use technology is important not only at the academic level, but socially as well. My organization targets to help students around the US that have are dealing with these issues, and my segment includes adults of any age that feel passionate in helping this unmet need. Although this big opportunity will last for a long time until completely solved, I believe this mission is urgent and it is the Equal Education Opportunity Organization's effort that will help to create a more equal educational system throughout the US.

Innovation:

My innovative service is called the Equal Education Opportunity Organization. It is a non-profit organization that strives to help the unmet need of having adequate resources in order to help students and teachers learn to their fullest potential. Its sole purpose is to provide aids for this specific issue as we understand the importance of creating equal educational opportunity for all students through an equal educational system. Setting up students for successful futures is our ultimate goal. In order to do so, we will hope fundraising events first locally, and hopefully expand nationally and even globally, to help public schools that do not have the luxury other schools may have due to a lack of funding. At these fundraising events, people will be able to make money donations or technology donations. We will take any unwanted technology people may have sitting around their houses or offices that are not being used and put them to good use in these schools. It is a great way of recycling technology and allowing these public schools to fully enjoy and utilize them through lessons being taught in class. Technology has become such a huge aspect of our society today, and schools have increased the incorporation of technological devices used in order to aid the learning experience for students. This is the goal we are pursuing for public schools that do not necessarily have those luxuries. However, dedicating the fundraisers of both money donations and technology donations will make a huge difference for these students. Once these people donate, we will ask for their email or phone number and contact them with pictures of students that benefited from their donations so they can directly see how they changed a life. This makes our organization much more intimate than others in the market.

Venture Concept:

People will invest in this organization because of its good intentions and passion behind making a difference for not only the student's futures, but our society's future as well. They may be making a switch from making donations to another organization to ours, or simply adding our organization onto their list as a cause they would like to donate to. I do not believe this would be a very difficult decision to make especially because my customers are most likely already willing to help an issue either similar to ours or completely different. Also, I believe their willingness to help a new organization and help spread awareness to the issue we are addressing is their goal as well. My competitors may be considered to be other organizations that target to help this specific issue. Although our overall goal is to aid those in need of help and realizing that these similar organizations are doing so, the amount of donations they receive can negatively affect ours, which is the sole reason as to why they are competitors. In a way, we are all working together rather than competing. Our business location plays a huge role in our potential success, we will target to expand from locally to nationally, however we will target more densely populated cities in order to give as many people as possible an opportunity to donate if they wish. In order to ensure that our organization and service will last with efficiency and effectiveness, we will need a lot of employees involved to help this organization expand to the extent we want it to. We will set values for our employees to keep in mind with everything they do in regards to the organization. These will be instilled in our employees actions and decisions. Staying organized and maintaining adaptability is very important for our organization in that we will not necessarily all be in one factory building together at one time. Trust is something these employees will need to respect due to my lack of ability to micromanage the organization at all times.

Three minor elements:

I believe my most important resource is networking and adaptability. Firstly, it is crucial as a new organization to be able to network with other similar companies/organizations/individuals who have experience in this particular market. This will not only help by advice, but they could also potentially support our organization by a way of advertising for us in our initial stage of starting up. Our adaptability should be something unparalleled by other organizations, which is something that will set us apart from other competitors. We will make sure to be able to adapt to any changes in the market, socially, etc. and will prevent from letting those changes hold us back as an organization and potentially try to use these changes t o our advantages even. Next with my current venture, I want to be able to develop an app connected to our organization that people can download and stay in touch with any news or updates we have. On this app, people will be able to make accounts and individualize their profile. They can make monetary donations through this app and I think it would be a good idea to encourage donations through a competition between account members and reward the winner who donated the most to receive some type of reward, whether it be earning a trip to be able to meet some students who benefit from their donations, etc. Also, I want to be able to upload pictures and videos of students who benefit from these donations and direct them to those who donated. This would make our organization much more intimate and make our donors feel much more involved and in touch with where exactly their donations are going and allow them to first hand see how they are helping someones life. If I launched, five years after I would want to see my organization expanding from state to state to become a national organization. I ultimately just want to expand my organization as much as possible in order to spread awareness of this issue and help as many students around the US as possible, which is my vision and mission as an entrepreneur.