The
three main points I want to revise are placing more emphasis on the online
publishing element of my NAICS code, shifting my focus from magazine readers to
advertisers as my primary target and providing a free online directory for
local minority businesses.
My current
NAICS code 51112 is for printing and online publishing; however the online
version must also include a print version. There is a code for Internet
publishing only, 519130 – but that does not fit my plan. My code is correct, I
just need to do more to flesh out my plan for the Internet section as it has
the chance to be effective as indicated by my interviews and class feedback.
My
original plan was to target the magazine readers, but now I plan to target the potential
advertisers as they are the source of all funding. However, I cannot ignore the
readers, I have to be able to deliver readers – or there will be no
advertisers.
I am
considering adding a free business directory to the magazine’s website. Based
on my interview results, there appears to be a need for a local business directory
for minorities.
REWRITE:
INDUSTRY:
NAICS Code and Definition – this section does not require a rewrite, it is
correct as is; I just need to revise my thought process.
INDUSTRY:
Value Chain Diagram – this section does not require a rewrite, it is correct as
is; I just to revise my thought process.
General
Thinking about the business idea – the addition of a free business directory on
my magazine’s website will need to be adjusted in the features and benefits in
the company section.
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