- Opportunity:
Since the rise of vape products that began including nicotine as a new form of alternative cigarette, more products have come about since then that are purposed as safer and better for you. That new market lead to the creation of Juuls. Juuls have a sleek narrow USB like design making in small compact and easy to take with you everywhere, with pods that are easily interchangeable to switch when you run out of juice. As well as diverse fun flavors to choose to use. With such a booming market that explosively grew out of no where there weren't very many limitation to its beginning meaning almost anyone could get their hands on it and use it. As such many younger users who weren't the target audience for the product picked it up and made a trend of it which has lead to many developing nicotine addictions unaware of how severe it was.
Those who developed addiction now live to satisfy it or have begun the path of breaking the habit, however many still lay shrouded in disbelief and ignorance unknown to the harmful effects the products in the Juice of pods can have on your lungs when inhaled. So many become victim to simple persuasion by others to try a product spoken as safe when really not, especially when containing nicotine.
While new laws put in place to prevent under age individuals from harming their lungs have been put in place my business will stay thriving for a long time as nicotine use is still very big and integral part of trends today. Even cigarettes which faced massive overhaul in how they were viewed and pushed to prevent use of many still take up the habit today. And easy example of this is social influences who set trends for others like childhood stars Dylan and Cole sprouse can regularly be seen in photos smoking cigarettes.
- Innovation:
From the brochure package given to schools, they can hire us to give speeches and talks at their premises or have them come to us all at set rates for how long and how in depth we can go. You don't want to give a horrifying presentation to kids who will be scarred by it so there are levels to how much info we go over and the way we do so. An average rate for our services for a group that visits a school would be $50 bucks an hour for a 4 person team giving presentations.
- Venture Concept:
While other companies may be able to provide help and outreach, I think our unique system and specific target towards prevention in youth will set us apart. Building a close base with the local community where the business is set up is the most important part to the desired positive launch of getting off our feet and into a fully functional place that many will call upon and visit when in need.
The three minor elements
Whats next is expansion into neighboring city's and towns with branch shops that will grow to help more people wherever they are. And also branch out into developing our own line of products that will be geared towards nicotine prevention and decreased use to help those who struggle even with the current products on market helping them curb addiction.
For me in five years time I like to think Id be giving a speech at the first launched store thanking all my employees for thier hand work in making a differnce in the world and all the lives of the people we help out.
Hi Aliana,
ReplyDeleteGreat Venture Concept that you put together here. Only issue was that your third and fourth paragraphs come out in Greek for some reason, it's really odd, but besides that your list was very well thought up and it's obvious you spent a good amount of time for this assignment. I specifically like how you're already laying the groundwork for possible future expansion of your business!
Hi Aliana!
ReplyDeleteYour business plan couldn't have been more relevant to today's problem. Young adults are unfortunately getting addicted to nicotine from these Juul pods. Education is definitely important in ensuring that A. people don't begin the use of Juul pods and B. people get the help they need to quit their using of Juul pods. Your plan is great and could help save lives!