New Venture Plan

New Venture Plan

Product Innovation

The Product Innovation here is the usage of automated smart card systems. The term "smart card" refers to a device, as credit cards, as well as computer chips, is now a bike industry. E is a generic term for card itself and in this case, its ability to activate a commercial washing machines and dryers are equipped with electronic card readers, which eliminates the need for coins.

Built-in microprocessor stores and processes the dollar, which decreases as the Card is application and can be increased with the dollar bills, credit cards, debit cards and other methods. The smart chip card contains more information than traditional magnetic cards and gang is more reliable because it is based be better than magnetic stripe technology. The microprocessor allows you to easily add content and applications of various programs as needed."People like convenience of coinless smart card technology, and property managers, and its impact on resident satisfaction and retention, that their main task," said Dick Casey, Director of Sales at Raytheon Commercial multi-housing Laundry of Ripon, Wisconsin., Which produces Speed ??Queen and sells laundry equipment brand. "For property managers, a stylish collection of money cards make easier, because the bills passed from office in connection with the coins collected from multiple machines” (Pappas,1998).

(Coin Operated Laundry Product S-Curve)

Product Innovation Value Proposition

Purchasing the washers and dryers (as well as the consumables) from vendors that specialize in the industry will ensure quality machinery with support services that can keep the downtime as low as possible. There are a few major suppliers of coin operated machines in the country, and the purchasing decision will take into account the vendor agreements and the best possible ratio of cost to value. The coin operated laundry can make a huge difference in its community. The coin operated laundry ...