Question

Why is your plan the most viable? If you were on the TV show Shark Tank, why would the judges "buy" your idea over someone else's?

Answer 1

My plan is most viable because:

• I am planning to sell the services to a niche market which is untapped by any other player in the market.
• The niche which I am targeting is a big group and therefore the demands will grow over the years which will provide sustainability to my start-up.
• The financial viability of my plan is excellent therefore the start-up plan is a successful business model.
• The capital required for the business is limited.
• Since the marketing of these services will be done over the internet such as apps, websites, the marketing expenses will be comparatively less than other plans.

The judges should "buy" my idea over someone else's because:

• This is an innovative business idea which no one has thought of till now.
• I am passionate about this plan and it has taken two years for me to do my necessary homework and finalise this plan.
• The team which will help me execute this idea is involved since the beginning and therefore they know their roles specifically in the business which will help me greatly in saving the precious time and starting the business right away after securing the funding.
• The growth in this area is expected to be huge and as a first mover I will always have the advantage.
• Whatever data that I have presented in my plan is achieved after a thorough research and is not mere speculation this reduces the change of failure.
• I am a salesperson and have reached here after hard work, I know the market and my customers better and so the judges should buy my idea over others.