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Nichepreneurs & Niche Services

A) Do you agree that getting all the appropriate personnel (management or lower level employees) on board to assist in executing it or approving the implementation plan can be a challenge? Explain.

B) Do you think the Nichepreneur strategy might work for Someone just out of college without any work experience or worldly experience, are they more likelyto find defeat and disappointment? Explain.

C) Do you agree that a niche service or a product can create a business that does well for a few but may not be good for many but that is okay because the size of a market counts in the equation? Explain.

Solution Preview

A) Do you agree that getting all the appropriate personnel (management or lower level employees) on board to assist in executing it or approving the implementation plan can be a challenge? Explain.

It can be difficult to get the right people on board to approve an implementation plan if you have failed to take adequate steps in your strategic planning. It is crucial to have as many people as possible weigh in on the proposal and feel included in the planning, so that they have bought into the plan and want to see it implemented. If the appropriate personnel have not been "pre-sold" on the idea it will be difficult for them to understand the need or reasons for the plan. This action should be taken early in the proposal's conception so that more people feel a sense of ownership to the plan.

C) Do you think the Nichepreneur strategy might work for Someone just out of college without any work experience or ...

Solution Summary

This solution answers the following questions:
A) Do you agree that getting all the appropriate personnel (management or lower level employees) on board to assist in executing it or approving the implementation plan can be a challenge? Explain.

B) Do you think the Nichepreneur strategy might work for Someone just out of college without any work experience or worldly experience, are they more likelyto find defeat and disappointment? Explain.

C) Do you agree that a niche service or a product can create a business that does well for a few but may not be good for many but that is okay because the size of a market counts in the equation? Explain.

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