Question

Olivia Ramirez, who has worked with disabled children all of her professional career, is in the final stretch of developing an iPhone app that will help parents with disabled children better cope with their disabilities. She has put a considerable amount of time and effort into the project, and believes the app can make a meaningful difference in the lives of those people who use it. Olivia has a dilemma. She had planned to spend the next three weeks completing a feasibility analysis and incorporate the results of the feasibility analysis into her business plan, which she thinks will take an additional two weeks. An alternative is to move forward with the business plan and complete the feasibility analysis later. Olivia has heard that several competing apps are in various stages of development, and fears that if she doesn’t get her business plan completed quickly and out for review she may get beat to the punch. What would you tell Olivia if she asked you for your advice?

Answer 1

I will suggest Olivia to complete here feasibility analysis first and then try to incorporate the same into her business plan because if she go ahead with business plan first fearing competition and if later she finds that her business plan is not feasible then in that case also she will be beaten by the competition and since she has worked with disabled children throughout her professional careee she should not fear of competition but rather use her experience to make her business plan success.