Upload a pdf or Word document with a brief description of your proposed idea fol
ID: 447797 • Letter: U
Question
Upload a pdf or Word document with a brief description of your proposed idea following the five sections outlined below. Your submission can be a maximum of 5 pages, double-spaced, 11 point type PROJECT NAME : DETERRENT TRACKING SYSTEM. Business Summary A concise description of the proposed "business: and why it is unique/compelling. Target Market Who is your customer? What customer problem will you solve? How does your customer solve that problem today? What other solutions will compete for that customer? Market Opportunity A preliminary estimate of the size of the potential market (number of customers that can be reasonably addressed). Proposed Solution what is your product or service? How will it solve the problem? How will your solution create exceptional value for the customer? Business Model How will you generate revenues and profits?Explanation / Answer
Business Summary
The Deterrent Tracking system allows you to find the position of your Boat as well it has a controllable device that will make the engine off when its is theft.
Target Market
The targeted cusotomers are boat owners, The device helps them to know where their boats are there.
The major problems faced by boat owners in these days are theft issue. If you install this device you can identify where your boat is, and in case of theft, you can de activate engine.
Market potential
Large potential for this product across the globe.
Proposed Solution
Already explained in business model.
Business Model
Direct marketing to owner
Influence law makers through lobbyist , So that our product is complusory in every firm.
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