new business for Video-guides in UAE

the report is describe about running new business in UAE about Video-guides application. the below are requirements of the report . Make sure to write the heading of each item in order as per attached . Concept and Vision Where did your idea come from (e.g., a new technology, another market)? Explain what the market opportunity is and what your solution might be. What makes your solution particularly compelling? How does it make meaning and the world a better place? Do you have personal experiences with this market? Is there existing intellectual property that you must license or new intellectual property you must develop in order to pursue this opportunity? Has anyone tried something like this before? If so, why did they fail or succeed, and why is the opportunity still attractive? Tentative Market Analysis What industry or sector of the economy are you addressing? Why is this market attractive? What segment of the overall market are you pursuing? What market research data can be gathered to describe this market need? What are the total industry or category sales over the past three years? What is the anticipated growth for this industry? If this is a new market, what is the best analogous market data that illustrates the opportunity? Project the potential market size and growth for your opportunity. Customers and Customer Development This is extremely important. You need to have a clear idea of who your target customer is. The only way for you to be able to do this is to "get out of the building" and speak with your potential customers. After understanding your potential customers holistically, you will need to answer questions such as: What does the customer need? Why does the customer need it? What is the customer using today? What is the customer willing to pay for your solution? Why? How will you reach this customer? You should include both primary (or first-hand) research and secondary research, emphasizing primary over secondary. You need to reference in APA style always. Competition and Positioning Who else serves this customer need? Who might attempt to serve this market in the future? What advantages and weaknesses do these competitors and would-be competitors have? What share of the market do specific competitors serve? Are the major competitors' sales growing, declining, or steady? What are the barriers to entry for you? What are the barriers to entry for additional competitors? How could partners and allies best help you overcome competition from established enterprises or other start-ups? Business Model and Lean Start-up Philosophy Now that you have discovered an opportunity and talked to potential customers, how will you turn it into a business? How will you make money and when do you expect your venture to be profitable? What is the major risk to address right away (e.g., market or technical)? In other words, which hypothesis regarding product or market strategies needs to be tested right away? The list above has no implied order. Some entrepreneurs start with a well-defined concept and then try to identify a market for their idea; others start by studying a market and then stumble upon an idea. Also, please keep in mind that the specific data and information you provide will vary according to the type of opportunity you choose to analyze. APA referencing is needed always.I recommend five basic steps in the process of analyzing an opportunity: i. Identify potential opportunities Combine your own personal experiences and creativity with external forecasts and trend analysis. How is the world changing with respect to new technologies? What is the impact of your solution on globalization, environment and sustainability? What new requirements will those changes produce? Recent media articles and blogs on trends are often a good place to start. ii. Define your purpose and objectives Identify your most promising opportunity, being careful to discriminate between an interesting technological idea and a viable market opportunity. Prepare an outline which will help you to determine what types of data and information you need to demonstrate the attractiveness of your chosen opportunity. iii. Gather data from primary sources It is crucial for you to obtain data from primary sources. Potential investors will place more trust in well conducted primary research than in stacks of data from secondary sources. There is simply no substitute for talking to potential customers from the target market in order to validate the opportunity you have identified. Consequently, we prefer that you spend time gathering data from primary, not just secondary, sources. iv. Gather data from secondary sources Countless secondary sources exist on the web and in the HCT’s various library resources. Try notto be stuck in comprehensive financial and accounting data at the current stage. v. Analyze and interpret the results. Persuasively summarize your results. Note: - it would be appreciated use survey and analyze by using the chart. - Make sure that idea will be implement and the UAE and make search about the topic if it existing or not and try to compete with my idea