This was a group project for an entrepreneurial class in which we were to identify a problem, come up with an idea that we think could potentially offer a solution, design a prototype and make an entire plan of how we will market and sell the product. The problem that we identified was the problem of extreme traffic within cities especially during rush hour. The solution that we proposed was an additional traffic light system that would alert drivers of potential traffic jams or accidents ahead. The system would display different sings depending on the condition of the traffic ahead on the road. We then when on to discuss our position/ marketing as well as the financials and the team for the project.
This project taught me an immense amount about entrepreneurship and everything that goes into it. It made me realize how much there really is to consider when you plan on starting your own business.
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