1. Who I am
-I am a very driven individual who is willing to work hard for what he wants. I am an individual who figures out what he wants and doesn't let a challenge stand in his way from attaining his goals. I often use challenge as a motivator to be the best I can be and I think this will bode well into becoming an entrepreneur.
2. What I am offering to customers
-The service I will offer to customers at Allen financial would be that of a quality financial planning service that would go above and beyond to tailor to the financial goals/needs and risk tolerance of the individual customer.
3. Who my customers are
-My customers are personable people who trust and are comfortable with a licensed professional handling their money to the extent that every market fluctuation will not cause a mental breakdown of sorts. Trust is the biggest component in this industry and I will use my hard work and social skills to prove to the customer that I am the right person to be handling their money.
4. Why my customers will spend money to use my product/service
-Because, simply, I will put in the work to help others grow their money and the small fee they pay for my services will be overshadowed by the financial gain I bring their financial portfolio.
5. What my core competencies are.
-My core competencies are my ambition, social skills, networking, and intellectual ability relating to my industry. I hope that these things will bode well into my efforts as an entrepreneur.
Overall, I think these things all tie together very well in being a successful entrepreneur. Knowing all these things about yourself and about your customers puts you in a good position to know what is necessary to succeed. If one does not know this info, then how could one truly be successful?
-Mitch
Hey Mitch,
ReplyDeleteFinancial planning and money management is a very lucrative career. My entrepreneurial mentor made millions from his first venture which managed the portfolios of very successful individuals. Besides the strong beliefs you have in yourself, which is very important by the way, what other credentials do you carry that would allow people to feel comfortable with you managing their hard earned money? Have you achieved success managing your own funds in the market? Are you a finance major? I think it is important to include more specific information within paragraphs four and five of your napkin pitch. I would love to have your feedback on my idea as well. Keep in mind that I have made some changes since posting my napkin, and I hope you frequent my blog to stay up to date as my ideas evolve. Good luck with your company!
Richard
http://richardjeffries.blogspot.com/2016/02/idea-napkin-no-1.html
Mitch,
ReplyDeleteThis is a very good business proposal that would interest a lot of young individuals that are beginning to make their own money in the real world. There is always going to be a market for financial planning because people want their money to be safe and in control of the future. I agree that one of the most important characteristics for a financial planner is trust. A key to success in this situation would involve having success with your first couple of clients to help your service sell itself. If you get a change check out my mobile auto service idea: http://ghioto.blogspot.com/2016/02/idea-napkin-no-1.html
Hey Mitch, I think that you have a good idea, and it is certainly a business that will always have customers. I think that you need to find some way to stand out a little bit more from all of the other financial advising companies around today. Once you find a unique core to build your business around, I am sure it'll succeed. Great delivery of the ideas, very thorough, and if you want to check out mine, here's the link: http://intellectualramble.blogspot.com/2016/02/idea-napkin-no-1.html
ReplyDeleteHi Mitch,
ReplyDeleteFinancial Planning is a great way to go! This kind of service is one that will always be needed and so that guarantees you a certain amount of job security. I think you have a great idea, I've always admired finance. I think something you might want to consider is what might make you different from your competitors. I'd love to hear what you come up with.
Here's a link to my "napkin": http://jessgervais.blogspot.com/2016/02/idea-napkin-no-1.html
Mitch,
ReplyDeleteI enjoyed your post and think your idea with financial planing is a great idea that will work out for you. It is a business that will always have customers and once you do get your clients you will always be successful.