Friday, October 5, 2018

11A Idea Napkin No. 1

I've always wanted to be an entrepreneur since I was able to think about what I wanted to do for the rest of my life. I loved the idea of working for myself and providing for myself, and employees, I was very fascinated from a young age by it. I've been around entrepreneurs my entire life, and more recently my everyday life I interact with veteran serial entrepreneurs all day. This has lead me to form that mindset that an entrepreneur needs, and allowed me to be prepared to become my own one day. I see this business starting very small and growing overtime to become one of the largest if not the largest in the nation of its kind. I see the business really taking up my entire life, until I was able to delegate everyday tasks to trusted employees.

I'm selling a middleman service essentially, as I am connecting Title Insurance companies to Title Searchers. This will allow the two to work together like never before as my company being the middleman, drama is entirely eliminated. Past relationships are no more, and the other does not know who they are working with besides my company.

They care about this product because they are throwing money away to pay to send their own people to counties across the United States to perform title searches. On the other side, the Title Searchers are hurting for business as their is no connection to the Title Insurance companies to provide them with work.

What sets my company apart from everyone else, is no one has offered to be the middleman between the two, they have only offered to cut each other out as it is a very competitive market. This business will revolutionize how Title Searching is done for years to come.

I believe all of these concepts mesh together quite well. I believe that none of these listed concepts make my company weak or will cause it to miss out on any opportunities moving forward. Going through the list above, I see no red flags that will cause hiccups in the moving forward of my business.

2 comments:

  1. Patrick,

    I think that your idea is a good one and if it is well executed as real potential. As someone who is also doing a middle man service, i think it is important to have knowledge on the subject and it seems like you do. I look forward to seeing how you execute your plan and create a service that is great for everyone.

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  2. Creating a middleman service comes with its positives and negatives. I completely agree with Zach that you must be extremely knowledgeable on the subject. Another problem I could see is you being able to keep up with the speed that each other company needs you to. I have never looked into this idea so it is completely new to me. A question I have would be how hard would it be to get in contact and started with each of these companies? is their just 1 company that does the majority or are their 100s?

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