1. IDENTIFY A SOCIAL NEED IN YOUR ENVIRONMENT AND DEVELOP A PROFITABLE BUSINESS MODEL TO MEET THAT NEED.
The major need in my estate is security. Due to the inefficiency of the chairman of the estate and inability of the members of the community to pay their dues, the security system that was provided collapsed. After much deliberation, I’ve come up with a profitable business model to help meet this need.
GENERAL OVERVEIW OF THE BUSINESS MODEL
Project title: Saftey013
This is an electronic security system. There will be a tollgate system at the entrance of the estate. Instead of members of the estate paying constant fees whenever they want to move in or out of the estate, each member of the community would have an Identity card with which they gain access it the estate. A database would be created in the name of the estate laying a platform for payment of monthly dues. Once payment has been made, the member’s ID would be activated and they would be able to gain access into and out of the estate. Likewise, once the payment expires, the member loses accessibility into the estate. This is to ensure that every member of the estate pays his/her monthly dues as this was the major challenge faced with the previous security system.
A board would be put up to oversee the project. Members of this board would include the chairman of the estate, Vice-chairman, secretary, Project coordinator, assistant project coordinator.
OBJECTIVE 1: Create awareness letting the members of the estate know of Safty013.
OBJECTIVE 2:Raising of funds. A soccer match, choir concerts and drama plays would be set up for fund raising . Also letters for sponsorship will be sent out to established organizations in the estate and around the community.
OBJECTIVE 3: Acquisition of equipment and other materials required for the project.
OBJECTIVE 4: Creation of database for members of the estate.
OBJECTIVE 5: Construction and creation of Identity cards.
The total budget...