PRODUCT INNOVATION
Come up with an innovative idea for a new product for IT.
Discuss your new product (this should be a 1 page.
2. Discuss who your customers will be (1 paragraph).
3. How will you attract your customers – write a PR general plan (1 page).
4. Who are your competitors? How are your going to be "different" or unique" (1 page)?
5. Come up with a general list of:
a. employees (type of position and salary) for the company/product?
b. Type of equipment will you need for your employees and data center) for the company/ product?
c. What kind of space will you require – how much do you think rent will cost for the company/ product?
d. General operating costs (phone, internet, supplies, etc.) for the company/product?
6. Estimate the amount of capital you will need to have to start your company or product. (use the link for accounting and costs from above)
7. Discuss how you will raise the capital for your business (or product)?
8. After creating this new company/product discuss whether or not you believe this will be viable?
