My venture concept is a quite simple one, although I believe
that it can serve a huge purpose in the sports industry, and business industry
right away. To start, the opportunity for this concept pertains to those who
need this project, and why they need it. Right now, the schedules for all four
major North American sports are set up in a way that does not benefit the
players. My problem with this is that there can be a change, an easy one at
that. The reason these sports will need this program for their schedules is to
tend to the players’ needs. There is no reason that it shouldn’t be set up more
efficiently to help with player fatigue.
The reason that this opportunity exists is because no one
else has really thought about it, at least that I know of. I know, of course,
that these leagues have been set up for years, and no one has specifically
complained about inefficiency of the schedules, but why not change now for the
better. It will only benefit everyone in the end. Demographically, the market
is defined just by the front offices of each of these sports, and in the
future, the front offices of big companies. As for the geographic market would
be defined wherever it is needed. Currently, these “customers” are satisfying
their need by living without it, and having nothing specific to compare it to.
If there was an implication of this program in their everyday lives, or just as
an example of what it could do, I really think it would make a huge difference.
I would say that this opportunity is a great one because of the fact that no
one else has really thought about it. It is a great way to benefit everyone all
around, and make things a lot easier for these sports, and big businesses
alike. I believe that this opportunity window will be open so long as no one
else really gives it much thought. If I came out with a finished product now,
compared to a year from now, I don’t know if much would have changed barring
any interruptions to this market.
Now, the innovation. This program would be considered as a
service that will address the need for a more efficient schedule for the four
major North American sports. This “innovation” is not necessarily the most
creative, or applicable one, but I really do think that it could make a big
difference for a lot of people very quickly. As for a detailed description, is
something that will start out as a scheduling application for the four major
North American sports, including baseball, basketball, football, and hockey. I
do not have a specific price point because I’m not quite sure how that would
work out, but I assume it wouldn’t be cheap.
As a venture concept, the reason that this solves a problem
is because ever since the creation of every single one of these four leagues,
there hasn't been an algorithm that can create the schedule for years and years
in advance with taking into account the season rules for each sport, while also
maximizing the efficiency of the travel schedules along with off-days for
travel. I have seen too many times, a team go from the east coast to the west
coast over night for an afternoon game the next day, and I think I can do
something about this. I think that users would switch to this product because it
would bring about change for the players, and give them a better schedule,
taking into account travel and fatigue from an athlete’s perspective. Right
now, there aren’t any competitors per say, but I do think that this is
something that I should act on as soon as possible.
The three minor elements:
My “unfair advantage” in this case would be my passion for sports, and
perspective. I have been through tough scheduling myself, and I understand how
hard it can be to recover, play hard, then do the same thing over again the
next day, and sometimes that same day. What comes next for this venture is the
opportunity to expand into local, or big businesses to help provide an easy
solution for clients and employees. In five years, I would like to have an
established product for the aforementioned “next step” for the venture.
Hello Alex,
ReplyDeleteI like how you're concerned for the teams that have inconvenient traveling to do. It really shows your passion for sports. I also like how your concept doesn't necessarily focus on the ideal customer, but rather on those that we watch as entertainment. I think your passion and dedication can really make this program happen.
traveling and fatigue definitely plays a role in fatigue, especially when changing time zones. Your idea is clever, but I would be shocked if they didn't already have people dedicated to the exact function of coming up with efficient schedules. I guess creating a program that does this for you would make it a simpler process in the long run. The real challenge with this is selling it to the league, because it mainly benefits the teams/players over the league itself.
ReplyDeleteYou sound like you are getting things in line with your concept. It will definitely take some time figuring out how to schedule the games in a way that will satisfy all sides. I know how demanding baseball schedules can be, I recently dated a minor league player and his schedule definitely put a strain on our relationship, so your idea will help not only the players, but their family and friends. One thing I thought of though is what will happen if an owner changes or a team moves divisions?
ReplyDeleteAlex,
ReplyDeleteI tutor for the UAA, and the amount of times that student athletes have to travel and miss classes for their sports is astounding. Also, by the time they make it to tutoring at 8pm they are downright exhausted - and they have to do it all again the next day. I think that creating a schedule that is more tailored to the athletes is much needed, in professional sports as well as in the collegiate sports! Right now, student athletes just never think it will ever change for them.