Sunday, February 13, 2011

A Little Insight As To How It Works

In the last blog post, I introduced to all of you my entrepreneurial idea. This was the idea for an advice in the household of an average American which would help them keep track of their money and help them budget better. What I can possibly envision happening, is that through the help of this device then people would be able to save energy in their houses and cut costs in areas where it would be feasible. The setup of the device would be much like that of a digital thermostat in your household.

This device would be attached to the wall just as a digital thermostat would be and would be touchscreen as well. However, instead of having numbers which told you the temperature, there would be a rundown of all the costs which you would have entered into the device. Also, there would be a way of linking, connecting the device up so that there would be a way to officially track whom you owed money and which way you could save money by conserving energy or doing an array of different things to make life financially easier for you. It would be a financial planner for your every day life, in a way combining the skills of an accountant, while being tech friendly and for your every day use. Further details are to be explained in future blogs.

In closing this post relates back to Professor Rubin's lesson in class this week in several ways. If I truly wish to make my dream a reality then digital video and advertising through it is a necessity. In today's world kids often learn the contents of a book through watching the YouTube video on it rather than read the novel. With the popularity of YouTube in the past 7 years or so, almost any somewhat productive business has some type of link to digital media whether it be positive or negative. So, the best thing to do would be to take it upon myself and make sure that I gain positive feedback. I could even make a page or two, showing the various upsides to my product and show the necessity of many average Americans to have it, in an effort to improve some of their financial standings. Through the use of digital media, my entrepreneurial idea could expand in ways, which I couldn't even imagine, but without it, my idea could severely be hindered and possibly even die.

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