You: My name is Tarang Kirit Donga. I am a freshman at
University of Florida majoring in Computer Science. I like to challenge myself
and learn new things. I wish to start a business of my own. If I were to start
a business on my business concept, I see it as forming a foundation to the
pathway towards achieving more ambitious goals.
What are you
offering to customers?: A car rental
service that allows anyone over the age of 18 and with a valid drivers license
to use rental cars. It also provides the customers an option to drop the car at
a different location rather than returning it at the same location, enabling
the customers to use rental cars for one-way trips.
Who are you
offering it to?: The service
is meant for anyone who wants to use a rental car. But the special features
offered are targeted to expand the market to especially include customers
between age of 18 and 21 as well as people who want to use rental cars for
one-way trips.
Why do they
care?: College students make a huge part of the segment that
either doesn’t own a car or doesn’t have access to it due to certain reasons
such as being an international or out-of-state student. There aren’t enough
options in the market for rental cars for college students. Due to this college
students are forced to go for other expensive or inconvenient options. Also,
most other companies don’t allow customers to return the car at a different
location restricting them only to round trips. Thus, by including these
features in my service, this particular segment would be easily attracted to
the business idea.
What are your core competencies?: I think that my never give up attitude can help me a long way in my business plan. Also, my service offers two important features that a lot of people want to have to be able to take better advantage of car rental services.
I believe that these 5 elements fit together for my business idea. I also think that improving on these elements could lead to a better solution.
What are your core competencies?: I think that my never give up attitude can help me a long way in my business plan. Also, my service offers two important features that a lot of people want to have to be able to take better advantage of car rental services.
I believe that these 5 elements fit together for my business idea. I also think that improving on these elements could lead to a better solution.
Most of the feedback I received
was positive. In this post I tried to try and learn why more people would
actually care about my business idea and also self-evaluated myself to find out
some core competencies.
Hi Tarang,
ReplyDeleteI like your business idea, and I admire your persistence. I think that as an entrepreneur, being willing to work around the clock to make your dream become a reality is a valuable trait to have in yourself, and anyone you work with. I know many people personally that would benefit from the service you are offering. Well done!
Hi Tarang,
ReplyDeleteI like how your business idea is similar to those of the public rental scooters such as Lime or Jump, but with a car. You were able to find a need within college students and I believe that it would be a big hit since it can be hard to travel around without a car. Your never give up attitude will be a great asset when developing your business and it will be of great advantage to you in the end. Great post!
Hi Tarang,
ReplyDeleteYour business idea is great- it targets a whole population that doesn’t have alternative rental options and are overlooked by traditional companies. You found a large part of the public that would use your company, and also included those who want to do a one-way trip, making your number of consumers grow even more. Your company would provide a service not offered by others.