My Business Venture Ideas
Posted by josephnguyen | Posted on 9:23 AM
A venture defines as a business enterprise involving some risk in expectation of gain. Many are in pursuit for true success from their rising new ideas to revolutionize and innovate our society and possibly even the world. Their evolving and bright new ideas to improve and better everyday problems or simply just change the way one lives.
1.) My first venture idea would be to open up a David Thompson book store. This would be a popular and innovative idea because students who have old or untouched books can be donated to the school's bookstore. In fundraising for the many of the school's activites, lunches, and events, this bookstore would be just as effective as the Trojan Market. With my personal experience in already working there, I would provide my knowledge and expertise in establishing this brand new book store. With clerks ro organize the books and help the customers, we would not need as much students to work there compared to the Trojan Market. Also being sponsered by our library, our school librarian would also play an important role. They will offer popular teen picks and good reads to our customers as well as donate their old books to the store also. The negatives involving in this idea is that the book supply to sell to our consumers might be little. With not a high success rate everytime someone donates, what happens if one week no one donates? Will it cost more to purchase books and then selling it to our students? The fees and hassle to order and ship these books to our school would definitley be a negative asspect of this venture. BUT this idea would be great signifigance to the school, targetting all age groups with a variety of backgrounds with always ready to read customers.
2.) My second idea is to offer a volenteer group to students who are self motivated to help our community and enviroment. Also people who are in need of experience or community service, this group would be benneficial to all and effective in establishing a name for David Thompson Students. The group would be cost free because of everyone's desire to help out participate in this enviromental movement. By planting trees and expanding our gardens, cleaning up the enviroment, or travelling to a local community center to help out, are just the few ideas that this group can play a major role in. An importance of this group is by not having to worry about "customers" there is always much needed work in our community. The only problem exisiting in this idea is that the possibility of little volenteers. This would definitley impact our group beause with little participation, this group will have less of an impact on our community and society.
I like both of your ideas but where would you be making money? There are already clubs that exist within our school that run along the same lines as your venture ideas. For example, the book store idea is like a library. I think people are more willing to borrow books that they will only read once rather than buying them. Also, people's preference when it comes to buying a book may differ from one another. Some don't mind buying used things, while others think differently.
With your second venture, it is a good idea but like before, it has already been in our school with service club doing community service, and the green team doing environmental things. Maybe if you introduced a totally new club/store into the school that would be different from everything else, it'd create an interest for students to join and try something new.
I like the first idea because it is very creative. The fresh idea will definitely attract a high consumer base. During school times people don't really have much to do so they most likely will go with this venture idea. Some problems might arise are consumers taste.
The second idea is very appealing because it is fresh, new and smart. Personally I am a student myself and I would love to use my money on this because I find it useful. Some problems that may arise are promotions because it is difficult in school.
To open a book store seems like a good idea however where's the profit in doing this as you're pretty much just running a not-for-profit company when you're donating your earnings.
- Tim
The book store is a really good idea! It also promotes reading within the school. But have you already been sponsored by the library? And asked the librarian for help? What if the books that have been donated don’t get purchased because they’re too old and out of date?
I think your second business venture is more of a volunteer thing and we already have clubs within the school that take care of such tasks.
Overall, you have some good ideas Joseph. Good luck on your venture! :)