Birth of an Idea
The birth of an idea. Sofia did not start out as a publishing company. Sofia actually started out as an idea for a software company. I wanted to create a software program that makes music videos. I got the idea when I was living in Berlin without a TV. I would listen to music on my radio or on my laptop and I wanted visuals similar to MTV. Having absolutely no background in computers, I put the idea asid and signed up for a masters course in EU law.
While I was studying in Luxembourg, I decided to enter the country's business plan competition. My first entry was rejected because Luxembourg did not think that people needed a personal concierge service so I decided to enter my music video idea. Luxembourg loved the idea and accepted my idea into the competition.
One of the benefits of being involved with the business plan competition is that experts will be my advisers and will help develop my idea. It is exciting to have something to work on that I enjoy and I get to develop an idea from scratch. It worries me though. My father is an entrepreneur and never really accomplishes anything. He goes from one project to another as he loses interest in the old and is enamored with the new. His current project is a fish farm.
I wonder if I am going to end up following in his footsteps wallowing in my dreams without creating anything substantial. I do not want my fear of failure to stop me but do I have the strength to create a business from scratch? Will I end up distracted like my father and leave my project before it bears fruit. Did I inherit the right qualities to be an entrepreneur?
I know that this business plan competition is the first step in the right direction. I will be learning how to create a solid business plan to base a company; a skill my father never used. Maybe it is the key that my father is missing in his ventures.
My first adviser is a scientist at the Tudor institute. He listens to my idea and tells me there isn't anyone at his facility who can help me with my project. I ask him if he can help find a scientist interested in developing such a project and he agrees to start searching. A few days later, he emails me with the name of a scientist from the south of France who is developing software for music. The scientist has already started his own company, but is interested in working with me on my project. At this point, my business plan is for software that will create visuals for music. I thought it would be fun to have animations created for the visuals, but the scientist has done a micro survey and his feedback tells him that people would actually like live video combined with the visuals to create an interesting display that coordinates with the music. Each genre of music has a certain rhythm and with 90 percent accuracy we will be able to determine the music to correlate the proper visual display.
I am frustrated because my project will need financing and I have no more assets to sell. If I had this idea when I first sold my house, it would have been much easier to accomplish. Timing is everything and my timing is off on this project. I start sending letters to Vivendi in Paris. Their software publisher is struggling and I can see how my product would help them. They can make music more marketable by combining it with visuals that can be played on the software. People would be interested in buying music and visuals. You can never get enough visuals... I am not sure if they think I am just some loon from the North but I keep sending them updates on my project.
While I was studying in Luxembourg, I decided to enter the country's business plan competition. My first entry was rejected because Luxembourg did not think that people needed a personal concierge service so I decided to enter my music video idea. Luxembourg loved the idea and accepted my idea into the competition.
One of the benefits of being involved with the business plan competition is that experts will be my advisers and will help develop my idea. It is exciting to have something to work on that I enjoy and I get to develop an idea from scratch. It worries me though. My father is an entrepreneur and never really accomplishes anything. He goes from one project to another as he loses interest in the old and is enamored with the new. His current project is a fish farm.
I wonder if I am going to end up following in his footsteps wallowing in my dreams without creating anything substantial. I do not want my fear of failure to stop me but do I have the strength to create a business from scratch? Will I end up distracted like my father and leave my project before it bears fruit. Did I inherit the right qualities to be an entrepreneur?
I know that this business plan competition is the first step in the right direction. I will be learning how to create a solid business plan to base a company; a skill my father never used. Maybe it is the key that my father is missing in his ventures.
My first adviser is a scientist at the Tudor institute. He listens to my idea and tells me there isn't anyone at his facility who can help me with my project. I ask him if he can help find a scientist interested in developing such a project and he agrees to start searching. A few days later, he emails me with the name of a scientist from the south of France who is developing software for music. The scientist has already started his own company, but is interested in working with me on my project. At this point, my business plan is for software that will create visuals for music. I thought it would be fun to have animations created for the visuals, but the scientist has done a micro survey and his feedback tells him that people would actually like live video combined with the visuals to create an interesting display that coordinates with the music. Each genre of music has a certain rhythm and with 90 percent accuracy we will be able to determine the music to correlate the proper visual display.
I am frustrated because my project will need financing and I have no more assets to sell. If I had this idea when I first sold my house, it would have been much easier to accomplish. Timing is everything and my timing is off on this project. I start sending letters to Vivendi in Paris. Their software publisher is struggling and I can see how my product would help them. They can make music more marketable by combining it with visuals that can be played on the software. People would be interested in buying music and visuals. You can never get enough visuals... I am not sure if they think I am just some loon from the North but I keep sending them updates on my project.
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