Sunday, March 05, 2006

Business Plans

I just spent the last 4 hours re-writing the business plan for our $50K entrepreneurship competition. After meeting with the advisors last week we realized that our plan was too idealistic and needed to be grounded in some good ole' fashioned business concepts (just because this is a business venture for the developing world it doesn't mean that the investors don't want their money back). They're investing in a business not donating money to charity! I spent part of the weeekend raking my brains trying to figure out how to show that this could be a sustainable venture. I think targeting India as the initial market may be the answer.
By the way, here's a picture of what the prototype system in Lesotho looks like:
Executive summaries are due on Wednesday. We'll find out if we made it to the semi-finals on March 22.

1 Comments:

Blogger Ilana Reeves said...

pshaw! who needs reality? or to make money?

5:55 PM  

Post a Comment

<< Home