Best Idea Challenge Winners Combine Talent and Passion
Press
Release
November 4, 2005
Saint John, NB
Combine talent and passion and you’ve got a winning proposition.
Find a niche market and you’re on your way to building a solid
business plan.
The winners of this year’s Best Idea Challenge showed passion
for their business ideas, while identifying a community of customers
looking for their products.
This year’s winner was Chris Day, a graphic designer at the
Telegraph Journal who spent two years making snowboards in Ontario
before returning to Saint John a few years ago.
“It was my favourite job of all,” he said in his entry.
Day’s idea is to build customized snowboards. He believes
it’s the perfect way to combine all of his skills into one.
He knows snowboarders well, and says they’re all very different
and look for unique designs. His business would enable snowboarders
to select their own design, shape, and graphics to suit their personality
and style.
Understanding that his business would fill a niche market, he knows
he’d need to start small and grow his business slowly, eventually
taking his boards to industry trade shows, and making his designs
customizable online.
There’s lots of competition in the region for snowboard sales,
but Day says he is unaware of any company in New Brunswick making
hand-crafted snowboards. Across Canada, he knows of five companies
offering this product.
Day says he has a strong advantage over any company entering this
niche market. “I have built snowboards before,” he said,
“and I will put the passion I feel for the sport into each
board I make.”
Second place went to Holly McKay, a local artist best known for
her whimsical paintings “Kitty in the City”, a popular
series sold at local and regional galleries. Her idea is to create
customized gift packages that would include a personalized pet portrait
& a set of greeting cards of the painting. They could be sold
through her directly or online through her web site www.workinfolkart.com.
As a recognized artist, Mckay is going after the sophisticated gift
giver, as these one-of-a-kind paintings would be a high-end gift.
Still, she believes there’s a growing market for this type
of product – people love their pets, and will spend money
to offer unique gifts to other pet lovers.
“Pets are my connection to a large number of consumers in
Canada, and the US market,” says McKay. “In the custom
creative market, I am able to focus on personal service. Most of
these sales usually lead to repeat business for additional paintings,
greeting cards, prints, handbags, or additional pieces my art line
has to offer.”
The third place winner was UNBSJ student Shuo Wang, who wants to
bring famous meals from Asia to people’s dinner tables.
“My idea is to develop a line of semi-cooked foods to satisfy
people’s need to save time and money, while meeting their
requirements for taste and nutrition,” he said.
This line of foods would be a mixture of vegetable cuts, meat cuts
and seasoning, all packaged together for the consumer to quickly
put together at home. Unlike most prepared foods that require baking,
or a few minutes in the microwave, he says his products would use
the cooking methods of frying, steaming and stewing. The food would
all be fresh, and allow the consumer to make elaborate dishes in
only a few minutes.
The winners of the competition will all receive cash prizes and
be encouraged to take the next step with their idea – fully
developing a business plan en route to implementation.
The judges were pleased to see people taking their ideas, writing
them down, and entering them in the competition for feedback.
“Many of us have great ideas,” said Eric Poirier, Regional
Manager for Aliant, one of the judges in the competition. “But
the difference between an idea and a business is taking the steps
to work out the details to determine whether or not the idea is
feasible. I hope all the participants in the competition will keep
working on their ideas and take them to the next level.”
“It’s also great when you see someone’s passion
come through when describing their idea,” said Poirier. “It
makes you believe they can really pull it off. The market still
has to be there, and the business has to be sustainable, but combining
a love for something with the right skills is the start for a winning
proposition.”
In February, Enterprise Saint John’s Emerging Entrepreneurs
will hold their second annual “Elevator Pitch Competition”,
where competitors will have the chance to pitch judges their business
idea while riding in an elevator.
The Best Idea Challenge is part of the Aliant Venture Business Competitions
organized by Enterprise Saint John’s Emerging Entrepreneurs
program. It is sponsored in part by Bayview Credit Union, ACOA,
the Provincial Department of Training and Employment Development,
UNBSJ, [here] and The Wave.
Released
by Janet Scott,
Project Coordinator, Emerging Entrepreneurs
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