Entrrepreneurship Paper

I asked two major bicycle production companies and they agreed for a lower wholesale price, but the starting fund is still comparatively high for the business. Pay wage for customer service is another huge figure. However, there are a great deal of people who are interest in this business to invest since it’s low risk and high return. Young talented people are willing to develop our application with a reasonable contract price. We would partner with google to advertise our business on websites and applications.

Customer wise, 78% of students I have surveyed stated they are willing to try the bike rental on campus, and 99% appreciated our feature of returning them wherever they want and the convenience of scanning QR code to rent them. People who would like to see the miles and calories calculation were surprisingly high. Since our business is online-based, customers would like immediate response with customer service. However, few of them inputted the opinion that they were concerned the application would only be available on IOS device first like many other applications. Unlike Uber and other transportation service, we would offer coupons basing on how many rides and how active customers are to feedback on the application to provide them.