Andrew Allision is a co-founder of a social media management
firm.
After reviewing several entrepreneurs from http://www.youngentrepreneur.com,
I found the most interesting and similar to my idea, that is Andrew Allison.
Andrew Allison and business partner Matt Stuart founders of
Main Street Hub, a social media management firm in Austin, Texas. Andrew
mentioned about the Entrepreneurship is a almost all day and night shift job.
When we take sometime looking at the competitors, we spend more time looking at
them and watching them. Every minute that we spend looking at the competitors,
we spend less time thinking about our own company. I am fully agreed and always
think the same way. Not that we do not look at the competitors, but we need to
spend more time thinking about our business first. We then look at what our
competitors are doing to have a general idea of what could be successful. I
believe the key for the success in this business plan is to spend more time
thinking about own business plan rather than worrying about the competitors.
Provided by
Christopher Hann, Lessons from Successful Entrepreneurs on
How to Beat the Competition (2013) retrieved from http://www.youngentrepreneur.com/startingup/business-plan/lessons-from-successful-entrepreneurs-on-how-to-beat-the-competition/
on August 10, 2013.
Derek Pacque is a graduate from Indiana University (2011)
and a co-founder of CoatChex.
Derek started his coat check at the bar and event while he
was in school and hire his college friends to start with. He connects with
other business owners and shares revenue for its venue. Derek started CoatChex
after he graduated in 2011 and starts to check in at a bigger event and charge
more. His idea started from his own experience in difficulty situation at the
bar or restaurant where he had to carry his coat or wear it all night long or
hang it somewhere then lose it.
Derek developed a CoatChex company and continues to create
an application to further his security and convenient process for the
customers.
I believe the key for Derek in his business plan is to
create an application and connect social media with the partnership of large
venue to generate bigger margin.
Provided by Jodi Helmer, Inside a College Entrepreneur’s Unique
Coat Check Business (2013) Retrieved from http://www.entrepreneur.com/article/226384
on August 10, 2013.
