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  • Entrepreneurship Concept Statement

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    sumaiya rana
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    The document is a concept statement for an entrepreneurship venture proposing a mental health app. It describes the app as providing online talk therapy with psychologists to help users improve emotional well-being and address mental health issues affordably on their devices. It notes the need for better access to mental health services in society. The resources needed are a software engineer to build the app and psychologists to provide services, along with initial investment. Risks include inability to properly diagnose or treat without in-person visits and potential privacy or server issues. Potential profits could come from global recognition and revenues if marketed effectively.

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    The document is a concept statement for an entrepreneurship venture proposing a mental health app. It describes the app as providing online talk therapy with psychologists to help users improve emotional well-being and address mental health issues affordably on their devices. It notes the need for better access to mental health services in society. The resources needed are a software engineer to build the app and psychologists to provide services, along with initial investment. Risks include inability to properly diagnose or treat without in-person visits and potential privacy or server issues. Potential profits could come from global recognition and revenues if marketed effectively.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    2 views2 pages

    Entrepreneurship Concept Statement

    Uploaded by

    sumaiya rana
    The document is a concept statement for an entrepreneurship venture proposing a mental health app. It describes the app as providing online talk therapy with psychologists to help users improve emotional well-being and address mental health issues affordably on their devices. It notes the need for better access to mental health services in society. The resources needed are a software engineer to build the app and psychologists to provide services, along with initial investment. Risks include inability to properly diagnose or treat without in-person visits and potential privacy or server issues. Potential profits could come from global recognition and revenues if marketed effectively.

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    © All Rights Reserved
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    of 2

    ENTREPRENEURSHIP

    CONCEPT STATEMENT
    SUBMITTED TO: SIR UBED AMJAD ALI

    BBA-5E

    DATE: 27-03-23

    GROUP MEMBERS:

    SUMBUL SADAQAT 02-111211-171


    SUMAIYA RANA 02-111211-134
    RAHIMA SAJID 02-111211-248
    WANIA SIDDIQUI 02-111211-074
    FAHAD TAUFIQ 02-111211-155
    Concept Statement Outline

    Description of the product…

    Our app is designed to help users improve their emotional well-being, become
    more mindful, and address common mental health issues. Our app allow users to
    access online talk therapy with psychologists’ care. Also it is affordable, user-
    friendly, and well-designed with easy access on Android and IOS devices.
    Description of the market need…

    Good Mental health is equally important as the health of our other body parts but
    our society don’t put much importance to our poor mental health and by which the
    consequences of mental illness for the individual and society are staggering. So
    there is a great need of mental therapy in our society.
    Description of the resources you will need to create your product…

    On top of the list we will need a software engineer who will design our apps and
    secondly we will hire a professional psychologists who will provide services virtually.
    Last but not least the investment for the labor and material.

    What resources are currently available?

    Currently we have just our idea and a team of five members who will work hard on
    the idea to create the finished product.

    What do you think the risks are?

     The app might not be able to provide proper diagnosis as in clinic


    appointments and on call appointments differ.
     Doctors might not be able to treat the patients properly as they can’t predict
    symptoms through body language.
     Breaching of the privacy of patients.
     Poor server connection can cause hurdles.
     Severity of patient’s condition and situation going out of hand can put the
    creators in serious trouble.
    What do you think your profit could be?

     If app get recognized once by proper marketing it can earn revenues on


    large scale App would be recognized globally as it is easily accessible.
     Employment and ease of doing jobs.
     Building better communities and getting recognized.

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