Idea Napkin No.2

1. I like to think that I am someone who thinks entrepreneurially. I am someone who enjoys watching things grow from small to large. I am a very honest and hard-working person who has good intentions in everything that I do. One of my favorite things to do in my free time is to watch shark tank. I believe I am good at communicating and implementing concepts. I think I am a good leader and motivator. One day I do hope to start my own company. I see this business as being an extension of me as a person. I would pour my heart and soul into the business because it is a part of who I am. I would enjoy the process even through the ups and the downs because thats what I enjoy doing. 
2. I am offering a product that makes one’s life more convenient. My idea is to create an affordable motion sensitive sink that can be a staple in the average American’s home. This sink makes your experience efficient and even cleaner in the fact that it can prevent sickness. The less dirty objects or levers that you touch the less chance you have of contracting germs and becoming sick.
3. I am offering it to the general public. I want to offer this product to the everyday Americans home at an affordable price. Once I am large enough there is no reason not to become a major player in the restaurant and hotel industry as well. 
4. I believe customers would care because people are always trying to be more efficient. Anything that saves time as well as preserves their health is something that they will want to invest their money into. 
5. I have experts that can install the sink at an extremely low price. I also have manufacturers that allow me to create the product at a price that is very low. With the low prices I can have a decent margins on return with my price. This lower price will allow me to make a profit by selling to more Americans across the nation. Once my business is established in America we can progress to other developed countries in order to expand the business.

This is a business that has potential to grow and be a staple. There will always be a demand for sinks as people need the water supply. With this demand we offer the most convenient product available. Not only is it convenient but it can also give your bathroom the aesthetic look that you have been searching for. I believe that these elements fit very well together. The aspect of my business concept that is weaker is that I do not yet know how I would market the product. Their are many different ways to market and I would have to do more research to figure out how I would want to attack my marketing campaign.

Feedback

1. Convenience is really important when a person is deciding whether or not to buy a product.

2. People are concerned about their health

3. There may be competitors with a similar idea

4. I could distinguish my product from others by adding a self cleaner to the sink.

5. The demand for sinks will never disappear.