I think I finally
have a clear view as to what kind of business I want to build. I say because
there were a lot of ideas that wanted to integrate, but I didn’t know exactly
how. While I always had a general idea of what I wanted to do with my business,
there was no way for me to find my perfect niche into my market. A lot the
challenge I had was trying to narrow down my ideas so for a long time, I kept a broad sense of my business. But I think actually verbalizing what ideas I had in class was really helpful.
Out of it came, my final business plan. My business is one that buys licensing
rights of popular international movies and TV and distributes them legally
though the internet. This allows media companies to profit from the
international market while letting consumers world-wide legally watch their
programming. Companies will a get a majority share of profits in accordance to
how many views their shows get. Shows will be securely aired for free, but with
advertisements. Higher quality video and complete removal of ads can be done
with a premium membership of $12.
While I haven’t worked out every single detail, I think I
have a solid foundation to build on, which will make completing my business
plan much easier.
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