MA625 Entrepreneurship: Aqua Tech Smart Shower Business Plan
VerifiedAdded on 2022/11/28
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AI Summary
This business plan outlines the concept for Aqua Tech, a smart shower system designed to conserve water, optimize temperature, and track usage. The plan details the product's features, including Wi-Fi connectivity, Bluetooth, and a music player. It analyzes the target market, segmenting it demographically and psychographically, and describes the business model, including implementation, manufacturing, distribution, and customer feedback mechanisms. Key resources, including tangible and intangible assets, are identified, and the competitive landscape is assessed, highlighting competitors such as Kohler and Moen. The revenue model focuses on profits from sales, service, and potential rental fees. The plan also includes a value proposition emphasizing water conservation and customer awareness, along with business objectives and a list of references.
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