Sunday, April 26, 2009

Hopefully A Successfull Idea

The venture that I see being most valued at this time is the car brokerage service.  Everyone despises shopping for vehicles and is looking for "best deal."  This is a huge untapped market and a new idea.  This will save the customer time and a lot of money.  This service will pay for itself more than once because there will be a two tier approach, the vehicle and the financing.  There be a section for the best pricing on your financing so that you save as much on your interest rates as possible and it will let you know what insurance products you can expect someone to try and sell you.  This will take the time in the dealership for a customer from the usual 3 to 5 hours down to no more than an hour.  It will also take all the pressure and anxiety out of the purchase.  All you will have to do is test drive all the cars you think you will like and enjoy the experience.  That is where your job will stop and mine will begin.  You will then give me the information on the vehicle of choice and I will shop for the best deal in your area.  Coming Soon!!

Bryan Lawlor 

My Marketplace Dreams

When you look around you always think, or at least I do, how can I do that better than they do? A lot of times I come up with great ideas and then with a little research I find it is already in production.  One of the great ones I had was a bathtub.  I hate that bath water never stays hot and that is why I only take showers.  Then I thought if you could heat the bath tub using radiant heat you could keep the water warm and you won't get electrocuted.  I researched it and found that someone had just invented it and HGTV was putting the first one in a house they were remodeling.  Some of my other ideas have been a brokerage car buying service where I would negotiate the deal for you and take a percentage of the savings.  Another one would be an entrepreneurship club where people get together to share ideas and help improve on other people's ideas.  Another idea I had was a one stop shop for all of your financial services.  This one would take a lot of time, preparation, and specialty.  I feel as though in the financial service arena there are a lot of conflicts of interest.  For example, an insurance salesman or a stock broker can also be a certified financial planner.  To me these are two different concepts.  A financial planner should give you a fee-based financial plan that has your best interest at heart because the "sale" was made when you decided to initiate a financial plan.  In most cases the way it works is the insurance broker or stock broker provides the financial plan for free in return for you investing with them or purchasing a life insurance policy.  To me these should be separate and I would like to have a practice with a certified financial planner, an attorney, an accountant, an insurance agent and a stock broker.  This way it enables a person to have a one stop shop for all of your professional and financial services without the conflicts of interest.   

Bryan Lawlor

Creativity and Innovation

Contrary to popular belief, creativity and innovation are not the same thing.  Creativity is coming up with an idea that could change or improve a system.  Innovation is the ability to take the creative opportunity and turn it into a marketable idea.  As an entrepreneur you will definitely need both so that you can take your creative idea and move it one step closer to an entrepreneurial venture.  For your creative idea to become something that is marketable you will have to use the innovation process to move the idea further along.  If the venture is never marketable you are going to be stuck with a great idea that no one will want to support with their hard earned money.

Bryan Lawlor