Thursday, July 9, 2020

Idea Napkin No. 2


1.      My name is Jessica Bui and I am pursuing my BSBA. I’m very good at using my analytical skills in order to work “behind the scenes” and identify different patterns and trends that will become beneficial for future growth. I am currently an Accounting Manager at a Tax Law Firm and I am very familiar with Profit & Loss statements as well as staying up to date with the new tax codes that are constantly changing.
I aspire to continue my education and with my current experience, work my way up to become a Chief Financial Officer.
Growing up, my father smoked cigarettes heavily and I watched his health slowly deteriorate. Today, I am surrounded by all of my friends who have also fallen victim to these “e-cigarettes” where they believe they are not harming their body. Their lack of knowledge concerns me, and I hope to bring more awareness to this new product.
I want to use this business as a platform in order for people to create healthier lifestyles.

2.       I am offering a service to young adults in which provides local support for their nicotine addiction. These services include but are not limited to linking them to affordable health care, provide nicotine patches and gum and being included in the support groups to gain more knowledge about addiction and tobacco.
We would take on the grunt of the work to connect them with what that specific person needs that way they are not dealing with the stress of planning.

3.       I am targeting young adults who are either struggling financially or lacking emotional support. The bulk of the demographic would be college students who are not bringing in a lot of income or are thousands of miles away from their friends and family back at home. These young adults are typically subject to the “party lifestyle” and believe they are not / will not actually get addicted to the nicotine use.

4.       The service to these young adults will be of no charge, because we plan to partner with tobacco free businesses such as CVS and school campuses in which would provide some of the financial backing. We will work as a non-profit because the goal is to help the individuals with these addictions and to raise awareness. The customers will see how active we are in the community, always fundraising for additional funds and creating more opportunities to reach out. Products such as the patches and gum will be offered for the individuals who are actively working with ending their addiction. We believe how we interact locally will impact how this demographic will see us.

5.       What sets me apart from other groups is that we are more than a support group where you sit in a circle and share your stories. We provide connections that will directly improve their health. We also want to be active in the community to raise awareness, like hosting events at elementary, middle and high schools in order to teach kids that the decisions they make are important. Our brand will distinguish us from the rest of our competitors.

I believe these aspects are able to work out, because we always need to look for different ways to improve our communities.
From my feedback, I learned changing this plan to a nonprofit as well as shooting for the stars is the best way. I shouldn’t hold back just because companies like CVS seem intimidating. This company is offering a service for a good cause and the audience will be able to see that.  

2 comments:

  1. Hi Jessica! I can relate to being a good "behind the scenes" worker. I appreciate how you use a personal connection to highlight the reasoning for your idea! What kind of fundraisers would you participate in? Have you checked into the process of affiliating with corporations such as CVS or the local school board? The error I am seeing is that you say your target audience is young adults, such as college students. Still, you mention more partnering with resources not affiliated with universities & mention involvement with children. Maybe work on clarifying precisely who the audience is and tailoring goals to reach that audience. Overall great idea!

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  2. Hi Jessica,

    I think changing this business to be a non-profit is a great idea! It will probably open a lot of avenues for financing, from business donations (like CVS) to fundraising campaigns. I agree that how you interact with the local community will impact how your potential customers view your businesses, and therefore your success. Creating community events like a 5k run would engage the public, generate donations, and raise awareness in your target market. Overall, great job on this assignment!

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