Your Venture’s Unfair Advantage

23A- Your Venture’s Unfair Advantage

1.     Monitoring system can be an add on to pre-existing garage systems

V- buyer will not have to have purchase a whole new garage system if monitors are wanted

R- most companies require a specific garage contracted in order for the system to be used

I-this idea isn’t hard to copy but the mentality of most Is money so they will not offer it

N-so far none I am aware of

2.     Product relates to just about any area that requires human interaction

V-good for my companies profit; arenas, airports, universities, shopping malls and much more require garages (so why not high-tech ones)

R-high tech garages are still not a norm in the states, so it would be rare in this context

I-yet again people can copy but my company will have the best mot economic option, coming out with improvements regularly

N-other companies specializing in high tech garages

3.     Pricier than regular garage, yet more efficient

V-produces better flow of traffic and safer driving

R-most have not experienced a high-tech garage so the experience is something in in of itself

I-not difficult to copy however difficult to improve upon once it is built

N-any company who wants to try and specialize

4.     High-tech garage will attract younger entrepreneurs

V-Those that have businesses that want to attract customers will purchase my product

R-depends on the region

I-product easy to copy, efficiency is not

N- again depends on who specializes in the product

5.     No extra cost to the consumer for using

V-consumer gets benefits of easy parking with no extra cost to them

R-consumers will like the product and want to shop/participate in more areas where the garage is located

I-some companies may want to charge consumers for using the high-tech garage

N-other companies who specialize in these garages

6.     Garage can fit in any local

V-can work for any big or small location

R-can function for places that have limited space such as campuses

I-fairly easy

N-not unless they specialize in these garages

7.     Product also equipped for smaller vehicles (scooter/motorcycle)

V-the overlooked vehicles will get more space to park

R-multilevel high-tech scooter/motorcycle garages do not exist

I-not hard to copy but most will not due to not as much revenue made

N-no other resources can provide as much space

8.     Product can be customized for the buyer

V-buyer conducts how many floors, how much of the high-tech system and square footage garage will be

R-most companies do a generic take everything or leave it garage

I-easy to copy but most will not let buyers customize

N-no, unless another company does customization

9.     More appealing to consumers

V- easier to use than most garages

R- to most of society it is rare

I-easy to copy

N-no

10.  Clean Product

V- simple to construct and simple to learn

R-no training required to the consumer

I-easy to copy

N-no

My top resource I believe incorporates the buyer customizing their product. Most garages are mainstream and have many floors. With my high-tech garage not only are the floors and square footage picked by the buyer but parts of the high-tech garage system as well. Meaning they don’t have to have the monitors in the entrance of the garage as well as a monitor on each floor indicating how many spots on a floor are available, along with the light system that indicates what spot is available in each row. They can be chosen separately or together. I believe this is very appealing to a buyer for they are the judge of how expensive their garage will be.