Tuesday, 31 July 2018
Venture Concept No.2
My re-vised Venture concept will be consisting of a qualitative and quantitative approach for financial metrics. Qualitative in the sense we will be conducting conducive feedback from our customers on their satisfaction, the product performance, and time convenience saved and reimbursement cycle time. The quantitative measurement will be solely off our company's financial statements. People recommended that my services should be cost-effective and I should take considerable understanding into my capital allocation, and develop our brand recognition in a 3-5 year horizon considering that I want the company to grow long term, vs selling the company. My main goal is to avoid a high turn over rate, and that is conducive of why I want a low number of employees early on to keep my operating expenses at a minimum because with any business venture comes significant loans to make up for low capital funding.
Subscribe to:
Post Comments (Atom)
Cody:
ReplyDeleteI see where you posted your updates to your concept. Now I could be wrong, but I thought we were supposed to post the whole concept again with our changes formatted in. Either way, if I remember correctly your company had created and marketed a new program for healthcare billing. If your program helps to control anything in the healthcare field, then Kudos. I did not have many updates on my concept, because I did not receive much negative feedback.
Hey Cody, the ideas you have in your venture concept are good. But instead of just saying what you could do to make your venture concept better, you should probably edit the concept so that we are able to provide better peer review for you. This would help us understand your project better and could help us provide more in depth feedback.
ReplyDelete