25A What's Next

Existing Market

1.) The next step for me would be to begin, coming up with a business infrastructure and begin analyzing the cost and benefit analysis to find out exactly how I would make my business begin making profit and what exactly my future consumers are going to need to provide a reliable consumer base.

2.) After interviewing three individuals who were are members of my market, I realized that what I considered to be next was very wrong, their advice helped put my process into perspective and how they aren't completely aligned for the business world. The first thing that i should be focused on is making sure that my product is easily accessible for people within my market, the KNOX Cannabis manager advised me that while my product is good. The majority of people may not necessarily understand the concept of cryptocurrency and where they may be able to take advantage of this product and where they can find it. The next person I interviewed was from a recreational seller of marijuana the next thing he suggested i focus on should be the development of business infrastructure, specifically how they business would operate, how the money would be transferred from physical coin to virtual and also where the investments would be made. The last customer i interviewed was a member of the Coin base Investment Firm, this was the most informative advice given. He told me next step should focus on what my potential competition could be and how I should beat them.

3.) Overall the advice i got was very enlightening the next step for me will be to understand if there are any other concepts which have been produced that may be similar to mine, if so then how is my idea different perhaps how can i out compete these individuals. This will help me develop exactly how the market is responding to these demands and who is responding to them. After that I will then focus on the development of my business infrastructure, specifically how I can develop a sound structure for conducting business.
My last step would be to develop a long term plan for my business, how do I envision this company growing and effecting the market that i wish to be a part of, how can I grow my consumer base, how do I provide easy access for those who have now idea what crytpobanking is.

New Market

1.) A new market would be the development of online medical banking in which marijuana dispensaries have there own regulated banking system many dispensaries are entering into community banking in which they will form new banks of their own.

2.)  This can provide me with a rare opportunity to merely facilitate the transactions of these accounts rather than establishing a whole new banking system online.

3.) My first interview was with TD Banking Bougainvillea Clerk, Ms Tyler who discussed with me the new methods their branch is using in order to accept deposits and profits from Marijuana Dispensaries and more importantly after I discussed my idea with her she told me that I would need to act more has a middle man for investments rather than an acceptor of deposits, she also highlighted the fact that in this particular situation the more lucrative deal would be to sign on as an crytocurrency investor with the bank as supposed to dealing with the dispensaries personally.  My last interview was with the new Manager for the Medical Marijuana Dispensary down in Miami and he discussed how many of these new institutions are depositing their money with affiliated hospitals. allowing them to divert the Banking Regulations and Invest in companies

4.) What I took away from both interviews was that although my idea was slightly originally many people have found ingenious was to solve their own problems and I could build upon their platforms;