Saturday, July 9, 2016

Idea Napkin No. 2

  1. Me:  I am a nonprofit leadership and management minor with over ten years experience in management and sales professionally. While designing this idea rough calculations seem to indicate that this idea is viable for myself part time with the hiring of three of more part time employees.  Because much of the work can be done via email, and online wholesale ordering, the job can be done during down time, for the most part.  That makes this venture suitable for off hours times.
  2. What I am offering to customers?  My proposed idea is to establish a nonprofit entity to offer computer science products purchasing consultation to other nonprofit firms. The firm would research, and negotiate, wholesale hardware and software prices in relation to needs of client nonprofits.  In essence, I would be offering these firms the ability to have purchasing power that they may not otherwise have.   
  3. Who am I offering it to?  Nonprofit firms that may not have the resources (time, money, knowledge, etc.) to research the purchase of computer information hardware/software.  These nonprofits would likely be smaller firms as larger national and global level firms likely already have access to this price leveraging.   
  4. Why do they care?  Unlike private firms, the day to day operations of nonprofit entities is not necessarily focused on financial growth.  Although financial growth is a concern for nonprofits, their primary goals are focused on the issues the nonprofit addresses.  Therefore, nonprofit information technology will often times fall obsolete due to lack of capital infrastructure investments.  This lack of infrastructure is not due to any financial mismanagement, it is simply the nature of the beast. Nonprofits will often put a large amount of their resources towards those they serve rather than internal needs.  When nonprofit technologies fall obsolete they fail to adequately compete with private firms, and other nonprofits, to their full potential.  Many times a nonprofit firm may be doing excellent work and achieving, and exceeding, their goals and still have to shut down.  This is a result of placing very little funding towards growth.  A for profit's success is marked, primarily, by financial gain.  The market decides if this business will succeed (grow) or fail (close operations).  In the United States Nonprofits operate in this same market, however, manage their capital in very different manner.  The lack of resources, specifically funding (donations, grants, service fees, etc), that come from this competition is what causes a firm that may be successful, in mission, to close its doors.     
  5. What are my core competencies?  As mentioned earlier my minor is nonprofit management and leadership which gives me a general understanding of this specific sector.  This minor has allowed me to work with many nonprofits across the country, thus, establishing a base network to begin marketing with.  I also have almost five years of sales experience in wholesale natural resource commodities. The natural resource part will be mostly irrelevant in regards to this firm, the wholesale sales experience gives me an insight into how wholesale acquisition operates.
I feel as though the pieces of my concept fit together nicely.  The weakest part of my idea is that I have not put the research into the HR aspect as I would have liked to.  I also have the feeling that there may something general that I may be missing.

I only received one piece of constructive criticism on my previous post.  That was that there may have been some confusion, or it was not clear, as to what my education encompassed.  I went about fixing this by elaborating on the specifics of my education that were relevant and by expanding on the "why do they care" section.

2 comments:

  1. The one thing you mentioned that really stood out to me was studying your competition and developing a foundation for your business. You can also really take a deeper look into the things that works for your competition that makes them stand out from the rest and expanding on some of these ideas. It's the same strategy that Apple has applied to it's business model. They may be late at applying a specific technology into their devices but they get it right the first time and they make it their own. Finally, your dad will be an excellent advisor to provide guidance on some of the pitfalls and successes of his own business. You have some great support for starting a business such as this one.

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  2. this isa really interesting idea! i can see that you have alot of experience in the field and a true passion for non profit. i think the education piece is one of your strongest points. its what will lure the organizations in because your offering something not everyone is willing to take the time to do. its shows your really care and are working for their best interest.

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