Hallo guys, its me, the veteran lurkers of APforum. Recently, I was handed the task of creating business idea proposal by my faculty in a competition to be chosen by venture capitalists to invest on.
I was thinking on setting a company providing decorative aquariums for office, and the office only needed to pay for the subscription/ rental of the aquarium. all of the maintenance will be done by my company.
Then, my advisor killed my idea! he said, the idea was not that good, and i didn't set up any 'barriers of entry.'
barriers of entry - something that my business idea has that made it unique. simply means that, what can i do to stop anybody with lots of money to do exactly the same with what i do.
So, I need your guys help. Are there any business idea that you guys can share. If not, maybe you can help me with the barriers of entry?