Build Drone Service Business
Chandan Lal Patary
Empowering Business Transformation | Author of 8 Insightful Guides | The Scrum Master Guidebook | The Product Owner Guidebook | The High Performance Team Coaching Guidebook | The Leadership Guidebook
We wish to establish a drone service company! That is what some of my few companions think.
Now where to start?
This is a UAV startup space.
Drones, also known as “unmanned aerial vehicles” (UAVs), are swiftly growing into indispensable tools in a range of industries. The global drone market is expected to grow 57.5% by 2028.
It requires specialized skills to launch a business model.
Aerospace, aircraft hardware, and remote sensing-related skills are needed; at least some core members require to know all of these.
They started collecting these questions and probing the readiness from our side.
They spent 6 months on these 2 building blocks and came up with the proposals.
First buulding block is Customer:
How can we confidently answer all these questions and most of these questions are 100% correct for our business?
Second Building block is my Competitors:
How can we confidently answer all these questions and most of these questions are 100% correct for our business?
After 6 months of intensive study, my friends commence the company.
Mostly targeted for the photographers
and later into the agriculture segment
There are many challenges they have to deal with
One of the biggest hindrances around implementing drones on a large scale has to do with national security.
Drones are being utilized to survey and map large areas for various mining and metropolitan expansion purposes. There is a chat that shortly drones will be used in last-mile logistics. What other applications do we have for commercial drones?
- How to improve traffic and Obstacle Detection?
- How to improve the mileage of drones?
- When GPS malfunctions, what is the alternative?
My friend does not have answers to all these challenges!
With all these preparations, after suffering considerable money, my friends have to close down this business recently. They could not withstand the operating cost as it was bleeding without any money inflow.
How could you have proposed to my friends to stay in the business? What data would you prefer to look at to uphold their business for future expansion and relevance?