The document outlines a business model centered around an innovative app that helps users find available parking spots using GPS and offers an e-commerce platform for payments. It emphasizes attracting high-value customers, particularly ASU students and faculty, by providing a cheap, reliable, and user-friendly service with promotional offerings. The document also highlights the importance of mentorship and a diverse workforce in fostering creativity and employee engagement within the company.

1. A SUCCESSFUL BUSINESS MODEL
• A Successful business models depend on developing three qualities that help the business succeed:
1. Finding high-value customers
2. Offering significant value to customers
3. Delivering significant margins
• A Successful business models also avoid three things which can derail a business:
1. Difficulties in satisfying customers
2. Trouble maintaining market position
3. Problems generating funding for growth.

2. OUR BUSINESS MODEL
Our plan is to develop an App that will have the information of all the parking places in the Area.
This App will have the following feature:
1. It will use the GPS of your cell phone to navigate the empty slot in the Parking.
2. There will be a E-commerce website linked to this app where customers can pay for Parking.
3. This app will be easy to use and cheap enough that everyone can afford it easily.
4. Our services will be free for the 10 days from the inauguration day for promotion.
5. We will get a lot of customers from the very first day because using this app people can save their time.
6. A light will indicate in the parking slots which were empty. Easy to find.
7. This App will be Free available but ads will be displayed.
8. There will be some VIP Parking slots. People with premium account can use them.
This Business Model will get the maximum attraction of people because it’s innovative, cheap and time saving.

3. IDEAL CUSTOMER
Every customer is important to our business model, but the truth is that some are more important than others, and
a precious few are most important of all.
Our ideal Customers are the Student of ASU. Because there are a lot of students in the University as compared to
the Faculty. So, our primary focus in on the requirement of these customers. Students always want a cheap, reliable
service and they also like to give their suggestions,.
Our secondary focus is on the faculty of ASU. Almost whole Faculty will use this service because it’s economically
good, time saving.
Our customer has to use this service for a long time. So we will get the suggestions and will do our best to provide
them services according to their needs.

4. MENTOR
• Orientation of some customers as well as staff.
• A various workforce is required to fortify development, develop inventiveness, and direct business
techniques. Tutoring enables a differing scope of workers to impart their insights, thoughts,
information, and encounters on a level playing field.
• We accept that everybody has something to convey to the table, invert coaching accomplices a more
established, more experienced representative with a more youthful, less experienced newcomer.
• In today's unpredictable business world, it's critical for our company to connect with workers and
customers both mentally and inwardly. Through coaching, workers recognize themselves as a
fundamental part of the association while making an uplifted level of proprietorship.