What barriers have hindered the success of your project to date? How do you plan to overcome these and other challenges as you grow your solution?
As a start-up company, my most and immediate goal is to reach my projected production and sales during the first year of the venture’s operation and expand my existing coin operated rental internet stations to other communities. The achievement of said goal will in turn determine the capability of this venture to attain its all others goals. It is my ambition to introduce this innovation and develop new electronic product that would encourage the use of recycled materials within ten years of this venture’s operation without compromising the quality and cost of the intended product.
How do you see the information-technology and media sectors shifting over the next decade? How will your solution adapt to and/or drive that changing environment?
At lot of people are now shifting to the internet as the new information center of the world and what we are witnessing right now is nothing less than the rise of a new economy -- a digital economy – a new global medium that will be the single most important global driver of business, economic and social change in the world. The future of information technology will be coming from our communities, they are the new media and it is vital that we provide an avenue for the next generation to grow and be empowered.
Failure is not always an option. If your solution fails to gain traction in the next two years, what other applications of the idea could you explore?
The Philippines is still a developing nation, only seven (7) percent of the households owned personal computers, as of 2003 (FLEAMMS), it simply means that there is a lot for us to take advantage of. Even if, our junk or destroyed computers recondition would fail, there is a lot of option available for us to use in order to reach our target market. One of the methods available for is the rent-to-own system, based on history the United States of America’s appliance and furniture grew out of this system.
At present, we are using “refer a friend” method, this idea empowers are consumers and the person endorsing our product. Each of them will earn, the one endorsing will earn a commission while the friend being endorsed to us will earn a sale discount for every purchase of the reconditioned computer. Refer a friend method is ideal in a country where majority of the population are underemployed; it will enable them to earn more extra income through referring their friends to buy our product.
Expand on your selections, explaining how you will sustain funding
One of the problems that I am currently facing is the funding however it will not stop me from achieving my goals. I am fortunate that I have friends and family members who are willing to extend their limited financial resource for my business. Though this resources are not enough to fully realize my business idea but I must learn to live by it. With every sales I will earn, a portion of the net income will be stored for further expansion of the business and the rest will be used to pay my debt.
Tell us about your partnerships
What type of team (staff, volunteers, etc.) will ensure that you achieve the growth milestones identified in the Social Impact section?
As of this moment I have no regular employee. I only have part time computer engineering students assisting me in the production of reconditioned computers. What matters to these students is their passion for computers and innovations. They are hungry for knowledge. What binds us is our passion and it is one of the essential elements for success. What really drives us is our collective passion to provide internet connectivity, we know that they are a lot of obstacles ahead of us but it doesn't really matter how hard it is as long as we reach our goal.
Changemakers is a collaborative and supportive space. Please specify any community resources you would need to grow and sustain your initiative. Select all that apply
Investment, Research or information.
Please elaborate on any needs or offers you have mentioned above and/or suggest categories of support that aren’t specified within the list
What is my immediate need is additional funding for my business. Primarily because they are a lot of junk or destroyed computer set sitting on the dump site. It is important that I can purchase those junk or destroyed computers as soon as possible so that it's toxic substance can be properly contained and the rest of it be used for the production. I am also interested in additional information or research in terms of recyclable electronics materials to utilize.