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What was most interesting was attempting to view these proposals through the lens of a cohort seemingly undaunted by the financial crisis that has engulfed the global economy. In some cases, it has served the entrepreneurs for good and speaks well of the spirit of innovation still coursing through America. Most importantly, though, any potential investor will want data to support an entrepreneur's claims of a product or service's viability. Ideas are nice, but what will differentiate a pitch is the financial and production data underpinning it.
I really think that a lot of the products had a great amount of creativity and most seemed to be conceived through individual needs. If I could just give one piece of advice it would be always remember who you are selling to. When you have to sell any idea, whether to a corporation or an individual, there are different sales points to make. The Elevator pitch is the packaging to your idea. Treat it as such. Otherwise, great job and good luck!
There are a lot of great minds at work. Always expect the worst case scenario and remember that finding financing for creating startup companies is not easy. I have lots of experience in that arena. But, imagination and will always trump personal obstacles.
Judging this set of proposals was a very cool experience & there were some really good ideas among the entries I read.
For a process such as product development, it's necessary to take your personal view out of the picture and look at the viability of the product objectively while taking your own views into separate consideration. All of the projects presented have a potential for realization.
Success mostly depends on personal drive, familiarity with the needs of the marketplace that can be filled, and access to sufficient resources.There might be a bit of luck involved, too.
This was a great reminder of what a business pitch is all about. The students had some great ideas. The toughest part usually is finding what works. I would suggest that they make their pitch to as many people as they are able to corner. Tell your friends, parents, hair stylist or anybody! The more often you pitch, edit, re-pitch and rewrite; the tighter it becomes. Nice job to all of the students.
It was fun to judge the contest. Great to see Rowan students thinking of products and services that might win in the marketplace.
My strongest piece of advice is really to understand your consumer. What are their emotional and functional needs? How does your product or service relate? Addressing these basic questions can make your proposal go real far.
I also enjoyed judging, what a great way to give students a chance to express their creativity and get "real world" feedback. Good job and good luck to all!
I enjoyed judging; there are some really clever ideas in there! I would have liked to see some more evidence of real viability/marketability research - I saw a lot of "everybody needs one of these" sort of statements! But I really enjoyed seeing the fruits of the students' labours and their unique ideas and thought processes!
This was fun! Some good product ideas too... Some students at least thought of costs and sales projections, which is very important in a pitch. Only one that I saw really wrote their pitch with an entertaining intro, like the script of their first TV commercial. The others merely open with "my idea is..." They need to reach out and grab the reader. I enjoyed the contest and hope to see more. - Anthony
What was most interesting was attempting to view these proposals through the lens of a cohort seemingly undaunted by the financial crisis that has engulfed the global economy. In some cases, it has served the entrepreneurs for good and speaks well of the spirit of innovation still coursing through America. Most importantly, though, any potential investor will want data to support an entrepreneur's claims of a product or service's viability. Ideas are nice, but what will differentiate a pitch is the financial and production data underpinning it.
I really think that a lot of the products had a great amount of creativity and most seemed to be conceived through individual needs. If I could just give one piece of advice it would be always remember who you are selling to. When you have to sell any idea, whether to a corporation or an individual, there are different sales points to make. The Elevator pitch is the packaging to your idea. Treat it as such. Otherwise, great job and good luck!
There are a lot of great minds at work. Always expect the worst case scenario and remember that finding financing for creating startup companies is not easy. I have lots of experience in that arena. But, imagination and will always trump personal obstacles.
Judging this set of proposals was a very cool experience & there were some really good ideas among the entries I read.
For a process such as product development, it's necessary to take your personal view out of the picture and look at the viability of the product objectively while taking your own views into separate consideration. All of the projects presented have a potential for realization.
Success mostly depends on personal drive, familiarity with the needs of the marketplace that can be filled, and access to sufficient resources.There might be a bit of luck involved, too.
Best wishes to everyone involved!
This was a great reminder of what a business pitch is all about. The students had some great ideas. The toughest part usually is finding what works. I would suggest that they make their pitch to as many people as they are able to corner. Tell your friends, parents, hair stylist or anybody! The more often you pitch, edit, re-pitch and rewrite; the tighter it becomes. Nice job to all of the students.
It was fun to judge the contest. Great to see Rowan students thinking of products and services that might win in the marketplace.
My strongest piece of advice is really to understand your consumer. What are their emotional and functional needs? How does your product or service relate? Addressing these basic questions can make your proposal go real far.
Good Luck!
I also enjoyed judging, what a great way to give students a chance to express their creativity and get "real world" feedback. Good job and good luck to all!
I enjoyed judging; there are some really clever ideas in there! I would have liked to see some more evidence of real viability/marketability research - I saw a lot of "everybody needs one of these" sort of statements! But I really enjoyed seeing the fruits of the students' labours and their unique ideas and thought processes!
This was fun! Some good product ideas too... Some students at least thought of costs and sales projections, which is very important in a pitch. Only one that I saw really wrote their pitch with an entertaining intro, like the script of their first TV commercial. The others merely open with "my idea is..." They need to reach out and grab the reader. I enjoyed the contest and hope to see more. - Anthony