Brilliant Startup Concept
Rate my speech was a Lightweight Learning Management System for trainers and coaches.
This would have enabled training providers to
– Improve their current offering and differentiate
– Bring their services online, and scale easier
– Provide more practice & feedback opportunities
Initial capabilities included:
– Create a classroom for trainees, where they could cooperate
– Share course material, assign tasks, homework
– Let your trainees cooperate online
Initial focus was on public speaking and communication training.
When Shit happened !!
- Start Up – Initiator 93%
- Startup – Planning 89%
- Startup – Execution 79%
- Startup – Monitoring & Control 93%
- Startup – Closure Strategy 72%
- Startup – Other Shits 48%
Why Shit Happened !!
How Shit Could Be Prevented !!
1. Better Business Model :- Better market research and proper understanding of targeted consumer need
2. Better Product :- App based product that gives analysis to users based on predefined parameters. Video upload and feedback is just like sharing on youtube and wait for the response. Nobody gives a damn to preparation before any public speech.
3. Better Man Power :- Dedicated team/personnel for specific tasks .
4. Better Planning:- Proper planning on each vertical of management.
5. Better Finance Management:- Utilization of capital on technology would have saved the Rate My Speech.
6. Other Improvements:- Reaching consumers more actively.
May the startup “Rate My Speech” rest in peace.. !!