1. This semester was filled with many assignments from ENT 3003. My least favorite was the one where I had to give away $5 in ones. I don't understand how it made me a better entrepreneur, and I was out $5. I am a broke college student, that would've paid for Jimmy Johns.
2. The most formative experience was interviewing people. I was uncomfortable interviewing people and asking them questions for my class, but it pushed me out of my comfort zone. I was able to overcome the anxiety I got from having to interview people and finish each assignment.
3. I think I have developed more an entrepreneurial mindset this semester. This class along with has pushed me to actually think about how to start a business and the questions I would ask. This class is more experience based, and gave me a better experience.
4. My best piece of advice for future students is to look ahead at upcoming assignments so that you are aware which assignments will require more time to complete. I procrastinated and wasn't being able to complete some of the lengthier assignments. Staying on pace with the class is a major key to success. My best advice for future students to enhance their entrepreneurial mindset is to step out of your comfort zone and try to be prepared for what lies ahead.
Sunday, April 24, 2016
Week 15 Reading Reflection
1. I think it was really interesting that the article covered how two businesses with different dimensions of wealth operate and work with customers the same way and face the same concerns.
2. I was confused about the different types of loans and their specific uses.
3. The first question is: "What do you think is the most crucial factor of financially keeping up with a non-profit business that is trying to help others financially?"
The second question is: "Why did you pick this setting to discuss and not a more developed place?
4. I did not disagree with anything.
2. I was confused about the different types of loans and their specific uses.
3. The first question is: "What do you think is the most crucial factor of financially keeping up with a non-profit business that is trying to help others financially?"
The second question is: "Why did you pick this setting to discuss and not a more developed place?
4. I did not disagree with anything.
Wednesday, April 20, 2016
Elevator Pitch No. 4
1. The feedback I received in my last pitch was that I needed to practice my speech once or twice before I record it and to also project my voice more.
2. For this elevator pitch, I took the feedback I received and tried to project my voice more. I also recorded it inside instead of outside in the hopes of my voice not getting consumed by the noises from outside. I also practiced my speech before I recorded it.
Venture Concept No. 2
1. The potential customers for my product are those that tend to lose their phone, keys, wallet, or other household items like the tv remote or even your dog or cat. This is a very large demographic of people which means that the opportunity is very big. The need is always there which means your window of opportunity will keep growing. The demographic ranges from college and high school students as well as parents or other adults.
The innovation I have is a product that helps you find any of your lost items. The innovation starts as a small tag with a button that goes on your key ring. Once you purchase this, you download the corresponding app on your phone that allows you to find either you phone or keys if you have one or the other. So, if you lose your phone and you have your keys, you push the button on our key chain and it makes your phone start to beep loudly until you find it. If you lose your keys however, you can use the app to either make it beep loudly, or you can use the locating service that shows you the exact location of your lost item. The next part of the innovation is he small dots that you can also purchase and place on other items you may lose. You put their serial number into the app and it allows you to also locate the item with the map. These dots can be placed on items like your wallet, tv remote, or even the tags of your pets. We would make money on this product by first having the customers purchase the key chain finder and then the dots as secondary products. The key rings will cost more, this being $30. The secondary products, the dots, cost about $10 each.
This innovation will solve the problem of losing important objects that you need. It will make finding your lost items easier when you're in a hurry. People will want to buy this product because it will make their lives easier in case they lose things or their children like to hide things. The other thing is pets can run away or be somewhere in the house or yard you don't know about, by putting the dot on their collar, you can track and find them easily. This can make it easier than putting a chip in the animal and not being able to track them from your phone. We do have competitors but they do not have the dots like our company would have. This makes it more likely for people to switch to our product because they leave more options for usage. The only strength that they have is that they have been around longer so they do not have to build up their customer base.
My most important resource would be my determination and creativity. This makes it easier for me to come up with new ideas and designs and follow through with them. To continue with my services, I will plan on finding a way to make the app work through an account on the internet so that you can find things without the app on your phone in case you lose your phone, keys, and wallet on a night out. In five years, I would like to be successful with this product and making a profit. As an entrepreneur, in ten years, I would like to be coming up with more venture ideas and following through with them.
The innovation I have is a product that helps you find any of your lost items. The innovation starts as a small tag with a button that goes on your key ring. Once you purchase this, you download the corresponding app on your phone that allows you to find either you phone or keys if you have one or the other. So, if you lose your phone and you have your keys, you push the button on our key chain and it makes your phone start to beep loudly until you find it. If you lose your keys however, you can use the app to either make it beep loudly, or you can use the locating service that shows you the exact location of your lost item. The next part of the innovation is he small dots that you can also purchase and place on other items you may lose. You put their serial number into the app and it allows you to also locate the item with the map. These dots can be placed on items like your wallet, tv remote, or even the tags of your pets. We would make money on this product by first having the customers purchase the key chain finder and then the dots as secondary products. The key rings will cost more, this being $30. The secondary products, the dots, cost about $10 each.
This innovation will solve the problem of losing important objects that you need. It will make finding your lost items easier when you're in a hurry. People will want to buy this product because it will make their lives easier in case they lose things or their children like to hide things. The other thing is pets can run away or be somewhere in the house or yard you don't know about, by putting the dot on their collar, you can track and find them easily. This can make it easier than putting a chip in the animal and not being able to track them from your phone. We do have competitors but they do not have the dots like our company would have. This makes it more likely for people to switch to our product because they leave more options for usage. The only strength that they have is that they have been around longer so they do not have to build up their customer base.
My most important resource would be my determination and creativity. This makes it easier for me to come up with new ideas and designs and follow through with them. To continue with my services, I will plan on finding a way to make the app work through an account on the internet so that you can find things without the app on your phone in case you lose your phone, keys, and wallet on a night out. In five years, I would like to be successful with this product and making a profit. As an entrepreneur, in ten years, I would like to be coming up with more venture ideas and following through with them.
2. I did not receive any negative feedback in my first venture concept. Everyone was very supportive of the idea and hoping that it would become a product. The only thing that was not perceived correctly, was someone saying how they didn't understand how you would lose your pet in your house or apartment. This is more for the fact of knowing if they got lost outside of the house or if you didn't know if they were in the house or outside if you have a very large house.
3. I would not change anything about my venture concept considering my feedback was all positive.
Wednesday, April 13, 2016
Very Short Interview, Part 2
1. My first impressions from the first interview that I was unsure what to ask and what to expect from the interview process.
2. I was unable to record the interview, but here is the dialogue from it:
What has made you become a good entrepreneur?
"Learning from my mistakes and failures is what made me a good entrepreneur. I was able to learn and fix all of the things that I had done wrong in the past. This being everything from the marketing we did to the financing of our business."
How have you grown since you started your business?
"Like I stated earlier, I grew from learning from all of the mistakes that I had made. Now I know what not to do with starting a new business and how to make it successful from the start."
What did you change as you built your business?
"I changed who we geared our marketing towards and how we dealt with our finances. When we first started, we shelled out a lot of money trying to market our business instead of building up our business through word of mouth and saving money to help us grow."
3. I have definitely progressed since the beginning of the semester. I am more comfortable with asking questions and knowing what to ask. The owner that I interviewed actually said how much better the interview had gotten in the past 3 months. She said I was more comfortable and didn't seem as nervous.
2. I was unable to record the interview, but here is the dialogue from it:
What has made you become a good entrepreneur?
"Learning from my mistakes and failures is what made me a good entrepreneur. I was able to learn and fix all of the things that I had done wrong in the past. This being everything from the marketing we did to the financing of our business."
How have you grown since you started your business?
"Like I stated earlier, I grew from learning from all of the mistakes that I had made. Now I know what not to do with starting a new business and how to make it successful from the start."
What did you change as you built your business?
"I changed who we geared our marketing towards and how we dealt with our finances. When we first started, we shelled out a lot of money trying to market our business instead of building up our business through word of mouth and saving money to help us grow."
3. I have definitely progressed since the beginning of the semester. I am more comfortable with asking questions and knowing what to ask. The owner that I interviewed actually said how much better the interview had gotten in the past 3 months. She said I was more comfortable and didn't seem as nervous.
Thursday, April 7, 2016
Week 13 Reading Reflection
1. I was surprised at how different ways valuations can be determined because it seems like it would be simpler if everyone work off a similar formula.
2. The part that confused me was the discounted earnings method. I feel like most of the information is estimated so I don't understand how accurate the information is.
3. My first question would be, "is a small business the same as a business that just started out and is wanting to grow?"
The second question is, "why the author thinks the price/earnings approach has so many drawbacks."
4. I dont disagree with anything the author said.
2. The part that confused me was the discounted earnings method. I feel like most of the information is estimated so I don't understand how accurate the information is.
3. My first question would be, "is a small business the same as a business that just started out and is wanting to grow?"
The second question is, "why the author thinks the price/earnings approach has so many drawbacks."
4. I dont disagree with anything the author said.
Tuesday, April 5, 2016
My Exit Strategy
1. My exit strategy is to protect my venture as a family business to pass along to the future generations of my family if the company if successful.
2. I selected this strategy because it will guarantee jobs for my future children and grandchildren if they decide to take over the company. It will make sure that they will be able to provide a living for themselves as well.
3. This changes a few ways of how I would run my business. I would have to come up with other ideas and innovations to sell in order to keep the company making a profit and continuing with the trends of the times. If I don't do this then my company wouldn't be able to last for a long time and wouldn't work if I tried to keep it for my future family members.
2. I selected this strategy because it will guarantee jobs for my future children and grandchildren if they decide to take over the company. It will make sure that they will be able to provide a living for themselves as well.
Sunday, April 3, 2016
What's Next
Existing Market
For the future of my venture, I need to make sure that I differentiate the product from those that are already out there. I also need to make sure that technologically, it surpasses the other products and doesn't have the same issues that they do. With a lot of work, this venture will be successful from what other "customers" have told me.
New Market
The next market I would target is parents and adults rather than college students. I am currently targeting college students because they are more likely to lose things and need a way to find them using a locating device. I feel like both parents and older adults alike would also benefit from this product because they are just as likely to lose things.
For the future of my venture, I need to make sure that I differentiate the product from those that are already out there. I also need to make sure that technologically, it surpasses the other products and doesn't have the same issues that they do. With a lot of work, this venture will be successful from what other "customers" have told me.
New Market
The next market I would target is parents and adults rather than college students. I am currently targeting college students because they are more likely to lose things and need a way to find them using a locating device. I feel like both parents and older adults alike would also benefit from this product because they are just as likely to lose things.
Week 12 Reading Reflection
1. I was most surprised by the big deal about strategic planning and business growth. The author does not emphasize their importance in the readings.
2. I thought that the difference between entrepreneurial action and strategic action was confusing because they are so similar that it is confusing when they were separated.
3. The first question I would ask is, "What do you do when your long term plans are not met in time?"
The second question would be, "Which company do you think is most successful in utilizing strategic planning in today's society?"
4. I did not disagree with anything the author said.
2. I thought that the difference between entrepreneurial action and strategic action was confusing because they are so similar that it is confusing when they were separated.
3. The first question I would ask is, "What do you do when your long term plans are not met in time?"
The second question would be, "Which company do you think is most successful in utilizing strategic planning in today's society?"
4. I did not disagree with anything the author said.
Wednesday, March 30, 2016
Venture Concept No. 1
The potential customers for my product are those that tend to lose their phone, keys, wallet, or other household items like the tv remote or even your dog or cat. This is a very large demographic of people which means that the opportunity is very big. The need is always there which means your window of opportunity will keep growing. The demographic ranges from college and high school students as well as parents or other adults.
The innovation I have is a product that helps you find any of your lost items. The innovation starts as a small tag with a button that goes on your key ring. Once you purchase this, you download the corresponding app on your phone that allows you to find either you phone or keys if you have one or the other. So, if you lose your phone and you have your keys, you push the button on our key chain and it makes your phone start to beep loudly until you find it. If you lose your keys however, you can use the app to either make it beep loudly, or you can use the locating service that shows you the exact location of your lost item. The next part of the innovation is he small dots that you can also purchase and place on other items you may lose. You put their serial number into the app and it allows you to also locate the item with the map. These dots can be placed on items like your wallet, tv remote, or even the tags of your pets. We would make money on this product by first having the customers purchase the key chain finder and then the dots as secondary products. The key rings will cost more, this being $30. The secondary products, the dots, cost about $10 each.
This innovation will solve the problem of losing important objects that you need. It will make finding your lost items easier when you're in a hurry. People will want to buy this product because it will make their lives easier in case they lose things or their children like to hide things. The other thing is pets can run away or be somewhere in the house or yard you don't know about, by putting the dot on their collar, you can track and find them easily. This can make it easier than putting a chip in the animal and not being able to track them from your phone. We do have competitors but they do not have the dots like our company would have. This makes it more likely for people to switch to our product because they leave more options for usage. The only strength that they have is that they have been around longer so they do not have to build up their customer base.
My most important resource would be my determination and creativity. This makes it easier for me to come up with new ideas and designs and follow through with them. To continue with my services, I will plan on finding a way to make the app work through an account on the internet so that you can find things without the app on your phone in case you lose your phone, keys, and wallet on a night out. In five years, I would like to be successful with this product and making a profit. As an entrepreneur, in ten years, I would like to be coming up with more venture ideas and following through with them.
The innovation I have is a product that helps you find any of your lost items. The innovation starts as a small tag with a button that goes on your key ring. Once you purchase this, you download the corresponding app on your phone that allows you to find either you phone or keys if you have one or the other. So, if you lose your phone and you have your keys, you push the button on our key chain and it makes your phone start to beep loudly until you find it. If you lose your keys however, you can use the app to either make it beep loudly, or you can use the locating service that shows you the exact location of your lost item. The next part of the innovation is he small dots that you can also purchase and place on other items you may lose. You put their serial number into the app and it allows you to also locate the item with the map. These dots can be placed on items like your wallet, tv remote, or even the tags of your pets. We would make money on this product by first having the customers purchase the key chain finder and then the dots as secondary products. The key rings will cost more, this being $30. The secondary products, the dots, cost about $10 each.
This innovation will solve the problem of losing important objects that you need. It will make finding your lost items easier when you're in a hurry. People will want to buy this product because it will make their lives easier in case they lose things or their children like to hide things. The other thing is pets can run away or be somewhere in the house or yard you don't know about, by putting the dot on their collar, you can track and find them easily. This can make it easier than putting a chip in the animal and not being able to track them from your phone. We do have competitors but they do not have the dots like our company would have. This makes it more likely for people to switch to our product because they leave more options for usage. The only strength that they have is that they have been around longer so they do not have to build up their customer base.
My most important resource would be my determination and creativity. This makes it easier for me to come up with new ideas and designs and follow through with them. To continue with my services, I will plan on finding a way to make the app work through an account on the internet so that you can find things without the app on your phone in case you lose your phone, keys, and wallet on a night out. In five years, I would like to be successful with this product and making a profit. As an entrepreneur, in ten years, I would like to be coming up with more venture ideas and following through with them.
Sunday, March 27, 2016
Amazon Whisperer
1. I make money by selling the key chain that attaches to your keys so you can find your phone, or vice versa. We also sell the dots that help you find your other household items.
2. The next big thing would be to make it so the app can actually locate your items similarly to find my iPhone type of mapping system along with the ability to make them beep loudly until you find them.
3. This next big thing will allow for me to improve sales since there is a better system to finding your lost items.
4. The item I found on amazon is very similar to mine, yet they only have the key chain part and not the dots that can be placed on other items.
2. The next big thing would be to make it so the app can actually locate your items similarly to find my iPhone type of mapping system along with the ability to make them beep loudly until you find them.
3. This next big thing will allow for me to improve sales since there is a better system to finding your lost items.
4. The item I found on amazon is very similar to mine, yet they only have the key chain part and not the dots that can be placed on other items.
5. This product on Amazon got 4 out of 5 stars. Most people love it and think it works great, yet others say they have problems getting it to work when they're keys are in their wallet or purse and not just on a table. Other people said that it was too thick.
6. I would change this product by making it thinner as well as making sure that it would work when inside of something, especially with the dots that stick on things like your remote that may be in between the couch cushions.
7. I think this product would be good for my product line because it helps people locate their lost items now also with a map and not just a beeping sound. This way you can locate lost luggage or your wallet even if its not in your close proximity.
Friday, March 25, 2016
Week 11 Reading Reflection
1. I was surprised that a lot of companies give up on pursuing basic research for innovation because the market changes so much, you think that they would want to innovate their products.
2. I was confused by what architectural innovation exactly was, even though the author explained it. It seemed to be a very confusing topic.
3. The first question I would ask is, "what's the best way to disrupt a market?"
My second question would be, "could you explain architectural innovation more in depth?"
4. I did not see anything that I disagreed with or thought was wrong.
2. I was confused by what architectural innovation exactly was, even though the author explained it. It seemed to be a very confusing topic.
3. The first question I would ask is, "what's the best way to disrupt a market?"
My second question would be, "could you explain architectural innovation more in depth?"
4. I did not see anything that I disagreed with or thought was wrong.
Friday, March 18, 2016
My Unfair Advantage
Resources:
1. Hardworking
V- You have to be hardworking to get things done and make sure your company succeeds.
R- This quality isn't so rare, yet there are plenty of people who would rather glide by and do the bare minimum, while I try to go above and beyond.
I- This can be imitated by others, but everyone has different levels of how hard they work, and I believe that I work harder than a lot of people.
N- This could possibly be substituted with determination.
2. Straightforward
V- This is valuable because most people try to spare your feelings by beating around the bush or not giving you what you really need to know to make yourself better. I tend to be very blunt and tell people the truth even if it hurts.
R- This is rare because as I said before, most people like to make sure everyone likes them and don't hurt their feelings for any reason and most people will not give you a truthfully straight answer.
I- This is something that can be slightly imitated by others but is hard to change your personality to become blunt, so it is hard to imitate unless you have that personality.
N- This cannot be substituted by any other resource because it is very unique to the rest of my resources.
3. Outgoing
V- This is valuable because you have to be able to network and talk to people when you run a company and be friendly and comfortable being in charge and leading.
R- This is not so rare as a lot of people are outgoing, but there are also a lot of introverted people who have problems talking to people they do not know.
I- This is not easily imitated as it is either your personality type, or its not.
N- This is not replaceable by any other resource because it is very specific and different from the rest of my resources.
4. Organized
V- This is valuable because if you aren't organized, you won't be able to run your company well and can lose out on opportunities, clients, or money.
R- This is not very rare but is highly necessary for any type of leadership position.
I- This can be imitated but it can be hard to imitate if you are not already an organized person.
N- This is not substitutable because it is very different from the other resources I have.
5. Creative
V- This is valuable because you have to be able to come up with ideas to engage your employees, market your products, and promote your business.
R- This can be very rare because it is a specific mindset you have and not something you can learn.
I- This is not able to be imitated because it is not something you can learn.
N- This is not a interchangeable with any of my other resources.
6. Analytical
V- This is very valuable because being able to analyze situations is important in business situations.
R- This can be rare because not everyone is able to analyze situations and make a rational decision.
I- This is not easily imitated by others because it is something that you have and not something you can learn.
N- This is not interchangeable with any of the other resources because it is unique from the other resources I have.
7. Cautious
V- This can be very valuable because even though you have to take risks in business, you have to also be cautious and make rational decisions.
R- This is not as rare because people tend to be cautious about things.
I- This is easily imitated because most people are cautious.
N- This is not interchangeable between the other resources I have.
8. Money conscious
V- Being money conscious is important because you have to being able to balance your money to manage your business.
R- This is sometimes rare because a lot of people don't spend their money wisely and you need to be able to run the company and not go into debt.
I- This can be imitated but it can be harder because sometimes it is in your nature to spend money on more expensive things rather than be economical.
N- This is something that is you can maybe substitute with being cautious.
9. Determined
V- This is a very valuable for someone to have because you need to be determined in order to get things done.
R- This can be rare because some people are determined and some people are not.
I- You can imitate determination because it is something you can have if you are passionate enough about something.
N- This is something that can possibly be substituted by my hardworking resource.
10. Passionate
V- This is a very valuable resource because if you are not passionate about what you are doing, you won't be able to accomplish anything.
R- This is rare because you have to really love what you are doing to be passionate.
I- This cannot be imitated because if you don't like something, you can't fake passion.
N- This is not something that substitute because it is a very specific resource.
My top resource is creativity because it is rare, not able to be imitated, and is not substitutable.
1. Hardworking
V- You have to be hardworking to get things done and make sure your company succeeds.
R- This quality isn't so rare, yet there are plenty of people who would rather glide by and do the bare minimum, while I try to go above and beyond.
I- This can be imitated by others, but everyone has different levels of how hard they work, and I believe that I work harder than a lot of people.
N- This could possibly be substituted with determination.
2. Straightforward
V- This is valuable because most people try to spare your feelings by beating around the bush or not giving you what you really need to know to make yourself better. I tend to be very blunt and tell people the truth even if it hurts.
R- This is rare because as I said before, most people like to make sure everyone likes them and don't hurt their feelings for any reason and most people will not give you a truthfully straight answer.
I- This is something that can be slightly imitated by others but is hard to change your personality to become blunt, so it is hard to imitate unless you have that personality.
N- This cannot be substituted by any other resource because it is very unique to the rest of my resources.
3. Outgoing
V- This is valuable because you have to be able to network and talk to people when you run a company and be friendly and comfortable being in charge and leading.
R- This is not so rare as a lot of people are outgoing, but there are also a lot of introverted people who have problems talking to people they do not know.
I- This is not easily imitated as it is either your personality type, or its not.
N- This is not replaceable by any other resource because it is very specific and different from the rest of my resources.
4. Organized
V- This is valuable because if you aren't organized, you won't be able to run your company well and can lose out on opportunities, clients, or money.
R- This is not very rare but is highly necessary for any type of leadership position.
I- This can be imitated but it can be hard to imitate if you are not already an organized person.
N- This is not substitutable because it is very different from the other resources I have.
5. Creative
V- This is valuable because you have to be able to come up with ideas to engage your employees, market your products, and promote your business.
R- This can be very rare because it is a specific mindset you have and not something you can learn.
I- This is not able to be imitated because it is not something you can learn.
N- This is not a interchangeable with any of my other resources.
6. Analytical
V- This is very valuable because being able to analyze situations is important in business situations.
R- This can be rare because not everyone is able to analyze situations and make a rational decision.
I- This is not easily imitated by others because it is something that you have and not something you can learn.
N- This is not interchangeable with any of the other resources because it is unique from the other resources I have.
7. Cautious
V- This can be very valuable because even though you have to take risks in business, you have to also be cautious and make rational decisions.
R- This is not as rare because people tend to be cautious about things.
I- This is easily imitated because most people are cautious.
N- This is not interchangeable between the other resources I have.
8. Money conscious
V- Being money conscious is important because you have to being able to balance your money to manage your business.
R- This is sometimes rare because a lot of people don't spend their money wisely and you need to be able to run the company and not go into debt.
I- This can be imitated but it can be harder because sometimes it is in your nature to spend money on more expensive things rather than be economical.
N- This is something that is you can maybe substitute with being cautious.
9. Determined
V- This is a very valuable for someone to have because you need to be determined in order to get things done.
R- This can be rare because some people are determined and some people are not.
I- You can imitate determination because it is something you can have if you are passionate enough about something.
N- This is something that can possibly be substituted by my hardworking resource.
10. Passionate
V- This is a very valuable resource because if you are not passionate about what you are doing, you won't be able to accomplish anything.
R- This is rare because you have to really love what you are doing to be passionate.
I- This cannot be imitated because if you don't like something, you can't fake passion.
N- This is not something that substitute because it is a very specific resource.
My top resource is creativity because it is rare, not able to be imitated, and is not substitutable.
Week 10 Reading Reflection
1. I was surprised about how much this chapter reminded me of the accounting classes I had taken. It was surprising to see so much overlap of accounting in an entrepreneurship class.
2. I was confused by the fact that the author was clear how to value tangible assets, but not how to value intangible assets.
3. My first question for the author is "do spread sheets come in handy more often than not?" I feel like spread sheets are very helpful for certain things, but are more annoying than helpful in other situations.
My second question is "What financial metric is best for getting an accurate valuation of a company?" I would ask this because each company differs and I would like to know what is best for what.
4. I did not disagree with the author on any part of this reading.
2. I was confused by the fact that the author was clear how to value tangible assets, but not how to value intangible assets.
3. My first question for the author is "do spread sheets come in handy more often than not?" I feel like spread sheets are very helpful for certain things, but are more annoying than helpful in other situations.
My second question is "What financial metric is best for getting an accurate valuation of a company?" I would ask this because each company differs and I would like to know what is best for what.
4. I did not disagree with the author on any part of this reading.
Growing My Social Capital
Person 1
1. Roy, a financial advisor
2. Expert in my industry
3. I found him through my parents, as he is one of their friends, and I contacted him over the phone because he lives in my hometown.
4. He was able to advise me on how I would complete this task financially. He told me how to make sure that I invest correctly in order to make a profit off of the app. He did not expect anything in exchange because he was doing this as a favor to me since he was friends with my parents.
5. Having him in my network will allow for me to possibly get an internship with his company in the future.
Person 2
1. Jennifer, market research analyst
2. Expert in my market
3. My friend's mother put me in contact with her because it was a friend of hers. I contacted her over the phone because she lives in another state.
4. She was able to tell me who my demographic would be for my app and if I was correct on who I thought it would be most useful to. In return, I let her take my idea to one of her clients since their app was a very similar idea.
5. Having her in my network will allow me contact her again if I ever have an idea that I actually want to turn into something and need help on what the demographic I should be aiming towards selling to.
Person 3
1. Linda, sales rep
2. Supplier in my industry
3. She is my half sister's dad's wife and my sister put me in contact with her. I contacted her over the phone because she lives in another state.
4. She was able to help me by telling me how she markets and sells items to people and what would work for me to be able to do to sell the app that I would be making. She expected nothing in return from me because she said it was a favor for my sister.
5. She is a good person to have in m network because she could possibly help me get an internship or job at her company in the future.
Reflection
This type of networking is very similar to networking I have done in the past to be able to get internships. This was only slightly different because this was for help on how I would market and sell a product and not about becoming a potential employee.
1. Roy, a financial advisor
2. Expert in my industry
3. I found him through my parents, as he is one of their friends, and I contacted him over the phone because he lives in my hometown.
4. He was able to advise me on how I would complete this task financially. He told me how to make sure that I invest correctly in order to make a profit off of the app. He did not expect anything in exchange because he was doing this as a favor to me since he was friends with my parents.
5. Having him in my network will allow for me to possibly get an internship with his company in the future.
Person 2
1. Jennifer, market research analyst
2. Expert in my market
3. My friend's mother put me in contact with her because it was a friend of hers. I contacted her over the phone because she lives in another state.
4. She was able to tell me who my demographic would be for my app and if I was correct on who I thought it would be most useful to. In return, I let her take my idea to one of her clients since their app was a very similar idea.
5. Having her in my network will allow me contact her again if I ever have an idea that I actually want to turn into something and need help on what the demographic I should be aiming towards selling to.
Person 3
1. Linda, sales rep
2. Supplier in my industry
3. She is my half sister's dad's wife and my sister put me in contact with her. I contacted her over the phone because she lives in another state.
4. She was able to help me by telling me how she markets and sells items to people and what would work for me to be able to do to sell the app that I would be making. She expected nothing in return from me because she said it was a favor for my sister.
5. She is a good person to have in m network because she could possibly help me get an internship or job at her company in the future.
Reflection
This type of networking is very similar to networking I have done in the past to be able to get internships. This was only slightly different because this was for help on how I would market and sell a product and not about becoming a potential employee.
Wednesday, March 16, 2016
Elevator Pitch No. 3
2. The feedback that I got on my past elevator pitch was that I needed to have more gestures and be more animated. Other than that, I had very positive feedback.
3. This time I tried to use some hand gestures and be more animated. It was hard because I normally do not talk like that. Other than that, I just tried to be enthusiastic about everything I was saying.
Sunday, March 13, 2016
My Secret Sauce
The 5 things that I think set me apart and makes me unique:
1. I am hardworking and when I set my mind to something, I have to get it done.
2. I tend to be a very organized person who plans out what needs to happen.
3. I work well in group settings because I feel it is better to have the thoughts and ideas of everyones input.
4. I have a very straightforward, blunt personality. I don't like when people don't tell you how it is, an that is something I continuously do.
5. I am very outgoing and tend to make friends easily.
Interviews
1. I am hardworking and when I set my mind to something, I have to get it done.
2. I tend to be a very organized person who plans out what needs to happen.
3. I work well in group settings because I feel it is better to have the thoughts and ideas of everyones input.
4. I have a very straightforward, blunt personality. I don't like when people don't tell you how it is, an that is something I continuously do.
5. I am very outgoing and tend to make friends easily.
Interviews
She focused on a lot of what I also believe to be true about myself. I do tend to be brutally honest with people. I also liked how she talked about my dance ability and not just my personality.
She talked about how I am a caring person and always go out of my way to help others. I see this in myself but it is never something I thought made me unique.
Reflection
I think that I see myself very similar to how other people see me. I think that in my first 5 things I think make me unique, caring is something I should add. I think overall, my interviewees were very correct about me.
Week 9 Reading Reflection
1. I was mostly surprised that there was a whole section focusing on the Internet. We all know that it is important in today's society, so I was surprised that they spent that amount of time on the subject.
2. The part I found confusing was the section on marketing philosophy. I wasn't quite sure what the author was meaning, as they weren't very clear.
3. The first question I would ask is, "How important is knowing the financial ratio to the success of a business?" I wonder how the author feels about the importance of this concept, as I think it would be very important.
The second question I would ask is, "when it is good to do market research?" The author discusses what types of marketing to do, but not when they are useful.
4. There was nothing that I found that I didn't agree with the author on.
2. The part I found confusing was the section on marketing philosophy. I wasn't quite sure what the author was meaning, as they weren't very clear.
3. The first question I would ask is, "How important is knowing the financial ratio to the success of a business?" I wonder how the author feels about the importance of this concept, as I think it would be very important.
The second question I would ask is, "when it is good to do market research?" The author discusses what types of marketing to do, but not when they are useful.
4. There was nothing that I found that I didn't agree with the author on.
Friday, March 4, 2016
Idea Napkin No. 2
1. I am very good at marketing, sales, and financial aspects of businesses. I have worked for Student Government Finance as well as at a company doing jobs all across the board from accounting to social media. My aspirations are to help people and make a difference in their lives with my business.
2. The product I would be offering, is one to help others organize and coordinate their lives so they are able to better manage their time. It would be an app on your phone to help you organize dates by color grouping, lists for things like groceries or to-dos, as well as a way to sync it to your computer to disable the use of certain sites, like Netflix or Buzzfeed, for extended periods of time to decreases distractions. Another thing the app can do is allow you to sync your calendar with other people. This is something that would be helpful in the work force where you may need to coordinate with coworkers or a partner.
3. The app would be best suited for high school to college-aged students who have to juggle a social life, school, and free time efficiently. It could also work for people in the work force who need to stay focused on their jobs and not get distracted.
4. People would pay money for this app if they are one who is easily distracted and not good at managing their time. Some people struggle with grades because they don't complete assignments, or don't do them to the best of their ability because of a lack of time.
5. My app incorporates more than other list or calendar apps do. It also can keep you from being unproductive by blocking certain websites until the time runs out on the app. So if you set it for an hour, you can't access Netflix until that hour is up.
I believe all of these concepts go together. I know of all of these products being sold separately, but not combined. I believe with the demographic we would be focusing on and the product itself, there would be a huge market willing to buy this product. More importantly, parents would be willing to spend money on the product in order to ensure their child does well in school and stays on track as well as employees or bosses who need their workers or themselves to stay focused and share their schedules.
Feedback Memo
The main points that I took away from the feedback were:
1. How necessary the app is for people in their everyday lives.
2. That I should expand it from just focusing on students to also focusing on people in the work force.
3. Making it so the app also allows you to share calendars with other people.
4. That no other app allows this all to work together.
5. That I understand the main demographic of people that would want to purchase this app.
I incorporated numbers 2 and 3 into my idea napkin. I feel like the ideas were very smart and would help the app be successful. I incorporated them as calendars that could be synced with other people who also have the app so that it would expand the demographic to those in the work force.
2. The product I would be offering, is one to help others organize and coordinate their lives so they are able to better manage their time. It would be an app on your phone to help you organize dates by color grouping, lists for things like groceries or to-dos, as well as a way to sync it to your computer to disable the use of certain sites, like Netflix or Buzzfeed, for extended periods of time to decreases distractions. Another thing the app can do is allow you to sync your calendar with other people. This is something that would be helpful in the work force where you may need to coordinate with coworkers or a partner.
3. The app would be best suited for high school to college-aged students who have to juggle a social life, school, and free time efficiently. It could also work for people in the work force who need to stay focused on their jobs and not get distracted.
4. People would pay money for this app if they are one who is easily distracted and not good at managing their time. Some people struggle with grades because they don't complete assignments, or don't do them to the best of their ability because of a lack of time.
5. My app incorporates more than other list or calendar apps do. It also can keep you from being unproductive by blocking certain websites until the time runs out on the app. So if you set it for an hour, you can't access Netflix until that hour is up.
I believe all of these concepts go together. I know of all of these products being sold separately, but not combined. I believe with the demographic we would be focusing on and the product itself, there would be a huge market willing to buy this product. More importantly, parents would be willing to spend money on the product in order to ensure their child does well in school and stays on track as well as employees or bosses who need their workers or themselves to stay focused and share their schedules.
Feedback Memo
The main points that I took away from the feedback were:
1. How necessary the app is for people in their everyday lives.
2. That I should expand it from just focusing on students to also focusing on people in the work force.
3. Making it so the app also allows you to share calendars with other people.
4. That no other app allows this all to work together.
5. That I understand the main demographic of people that would want to purchase this app.
I incorporated numbers 2 and 3 into my idea napkin. I feel like the ideas were very smart and would help the app be successful. I incorporated them as calendars that could be synced with other people who also have the app so that it would expand the demographic to those in the work force.
Friday, February 26, 2016
The Twenty Percent
The owner I interviewed was an over the phone interview so I was not able to record it. But the person I interviewed started their own company designing and selling dance and active wear.
1. They believe that their target customers are dancers between the ages or 3 to 18. While most of theirs customers are between the ages of 7 and 13. The customers unmet needs were dance wear that was fashionable and would last a long time and not wear out, fade, or get holes. They get a lot of their customers from dance conventions and competitions across the US. The demographic of their customers is more upper middle class because it is not very cheap. The social media their customers use is mostly Facebook and Instagram.
2.
3. I believe that the owner of the company understands the customers problems and that they do not have any problems or need to change any problems with their products.
1. They believe that their target customers are dancers between the ages or 3 to 18. While most of theirs customers are between the ages of 7 and 13. The customers unmet needs were dance wear that was fashionable and would last a long time and not wear out, fade, or get holes. They get a lot of their customers from dance conventions and competitions across the US. The demographic of their customers is more upper middle class because it is not very cheap. The social media their customers use is mostly Facebook and Instagram.
2.
3. I believe that the owner of the company understands the customers problems and that they do not have any problems or need to change any problems with their products.
Week 8 Reading Reflection
1. I was most surprised by the idea of crowdfunding and social lending. I am surprised that there are low-risk mechanisms for start-up companies. It also surprises me that the social lending process doesn't have more regulatory policies implemented.
2. I was confused on the types of debt financing sources for entrepreneurs. The types were all very similar and had very small differences between them to be able to differentiate them so it was hard for me to understand.
3. The first question I would ask is where the author came up with the numbers for the "Informal Risk: Capital Angel Financing" paragraph. I would ask this because things would changed per person depending on how the person lives their ives and want to invest.
The second question I would like to ask is, how do public offerings differ from offering stock in one's company? I would ask this because I would like to know how it all works more in depth.
4. I did not think anything was done wrong and I don't disagree with anything the author said.
2. I was confused on the types of debt financing sources for entrepreneurs. The types were all very similar and had very small differences between them to be able to differentiate them so it was hard for me to understand.
3. The first question I would ask is where the author came up with the numbers for the "Informal Risk: Capital Angel Financing" paragraph. I would ask this because things would changed per person depending on how the person lives their ives and want to invest.
The second question I would like to ask is, how do public offerings differ from offering stock in one's company? I would ask this because I would like to know how it all works more in depth.
4. I did not think anything was done wrong and I don't disagree with anything the author said.
Monday, February 22, 2016
Half-way Reflection
1. I had to become very good at keeping up with the assignments ad making sure I managed my time. I also had to learn how to be comfortable interviewing people.
2. I have felt like giving up when I found out I had to interview strangers. What pulled me through was my friend who said that she would do it with me so that I would feel less uncomfortable. I feel like I have developed a tenacious attitude by having to do assignments almost everyday.
3. ~1. Being on top of your game and continuing to make sure you get all the assignments done as soon as possible.
~2. By forcing yourself to do the work no matter what and just persevering.
2. I have felt like giving up when I found out I had to interview strangers. What pulled me through was my friend who said that she would do it with me so that I would feel less uncomfortable. I feel like I have developed a tenacious attitude by having to do assignments almost everyday.
3. ~1. Being on top of your game and continuing to make sure you get all the assignments done as soon as possible.
~2. By forcing yourself to do the work no matter what and just persevering.
Sunday, February 21, 2016
Free Money
1. I chose to go to people in Turlington.
2. I will approach people who are walking through like someone who is tabling would.
3. I will start the conversation by asking if they want a dollar.
4. My plan for the conversation is to start with a question and see what they say. I feel like people will be confused but I will tell them that it is free and I felt like being generous today to see if they take it.
5. Out of the five dollar bills I think I will be able to give away all 5.
~I did not get to video tape this because $5 could get me Jimmy Johns or something. #BrokeCollegeStudent~
2. I will approach people who are walking through like someone who is tabling would.
3. I will start the conversation by asking if they want a dollar.
4. My plan for the conversation is to start with a question and see what they say. I feel like people will be confused but I will tell them that it is free and I felt like being generous today to see if they take it.
5. Out of the five dollar bills I think I will be able to give away all 5.
~I did not get to video tape this because $5 could get me Jimmy Johns or something. #BrokeCollegeStudent~
Week 7 Reading Reflection
1. I was surprised that people in the 60's were already relying a lot on advertising and the emotional attachment of objects rather than their functionality.
2. I was confused by why senior management wouldn't jump on board if they have the scientific data to back up segmentation.
3. I would first ask the author what sample size most marketing companies use when they develop new products based on segmentation.
The next question would be how often a company should do research like this.
4. I did not disagree with anything the author said or think that they were wrong.
Wednesday, February 17, 2016
Elevator Pitch No. 2
Sunday, February 14, 2016
Week 6 Reading Reflection
1. The most surprising thing that I saw was the profitability chart. I was surprised to see that soft drinks are second in profitability behind security brokers and dealers. Although, I can understand that coming from the fact that almost every house from my experience has soda.
2. I would've liked more explanation on the 5 forces that shape competition industry chart as well as the return on investment chart. I was confused by what company they were talking about and what the 5 forces chart meant.
3. I would ask the author to explain the charts in more detail and how can one better watch out for indirect substitutes?
4.I did not disagree with anything they said.
2. I would've liked more explanation on the 5 forces that shape competition industry chart as well as the return on investment chart. I was confused by what company they were talking about and what the 5 forces chart meant.
3. I would ask the author to explain the charts in more detail and how can one better watch out for indirect substitutes?
4.I did not disagree with anything they said.
Thursday, February 11, 2016
Idea Napkin No. 1
1. I am very good at marketing, sales, and financial aspects of businesses. I have worked for Student Government Finance as well as at a company doing jobs all across the board from accounting to social media. My aspirations are to help people and make a difference in their lives with my business.
2. The product I would be offering, is one to help others organize and coordinate their lives so they are able to better manage their time. It would be an app on your phone to help you organize dates by color grouping, lists for things like groceries or to-dos, as well as a way to sync it to your computer to disable the use of certain sites, like Netflix or Buzzfeed, for extended periods of time to decreases distractions.
3. The app would be best suited for high school to college-aged students who have to juggle a social life, school, and free time efficiently.
4. People would pay money for this app if they are one who is easily distracted and not good at managing their time. Some people struggle with grades because they don't complete assignments, or don't do them to the best of their ability because of a lack of time.
5. My app incorporates more than other list or calendar apps do. It also can keep you from being unproductive by blocking certain websites until the time runs out on the app. So if you set it for an hour, you can't access Netflix until that hour is up.
I believe all of these concepts go together. I know of all of these products being sold separately, but not combined. I believe with the demographic we would be focusing on and the product itself, there would be a huge market willing to buy this product. More importantly, parents would be willing to pend money on the product in order to ensure their child does well in school and stays on track.
2. The product I would be offering, is one to help others organize and coordinate their lives so they are able to better manage their time. It would be an app on your phone to help you organize dates by color grouping, lists for things like groceries or to-dos, as well as a way to sync it to your computer to disable the use of certain sites, like Netflix or Buzzfeed, for extended periods of time to decreases distractions.
3. The app would be best suited for high school to college-aged students who have to juggle a social life, school, and free time efficiently.
4. People would pay money for this app if they are one who is easily distracted and not good at managing their time. Some people struggle with grades because they don't complete assignments, or don't do them to the best of their ability because of a lack of time.
5. My app incorporates more than other list or calendar apps do. It also can keep you from being unproductive by blocking certain websites until the time runs out on the app. So if you set it for an hour, you can't access Netflix until that hour is up.
I believe all of these concepts go together. I know of all of these products being sold separately, but not combined. I believe with the demographic we would be focusing on and the product itself, there would be a huge market willing to buy this product. More importantly, parents would be willing to pend money on the product in order to ensure their child does well in school and stays on track.
Sunday, February 7, 2016
Week 5 Reading Reflection
I was mostly surprised by the fact that there are so many types and classes for ways a first-year start up could fail. I could think of a few but I would not have thought about a lot of them.
I was confused by how the methods for seeing if a venture was practical were so similar. They all started to look very similar because they went so in depth.
I would first ask the author what type of failure is the most common because if I ever start up a company, it would be the first thing that I would try to avoid doing.
The second question I would ask is if hiring an outside advisor would help a start up. I think this may take the stress off starting a new business and keep the chance of failure low.
I did not disagree with the author.
I was confused by how the methods for seeing if a venture was practical were so similar. They all started to look very similar because they went so in depth.
I would first ask the author what type of failure is the most common because if I ever start up a company, it would be the first thing that I would try to avoid doing.
The second question I would ask is if hiring an outside advisor would help a start up. I think this may take the stress off starting a new business and keep the chance of failure low.
I did not disagree with the author.
Interviewing Customers No. 2
1. After the first round of interviews, I found that people do have issues dealing with time management, but a lot less than I expected.
2. I stuck with interviewing college students, but this time I tried to interview guys as well. They seem to have a different opinion on time management and their skills differ from girls.
3. I didn't change my questions because my questions already encompassed what I needed to know.
4. I think my opportunity is still the same as it was after the first 5 interviews. There is still a need for time management skills. What I found to be different is that the boys tend to be much less organized than the girls were.
5. My 3 tips are:
2. I stuck with interviewing college students, but this time I tried to interview guys as well. They seem to have a different opinion on time management and their skills differ from girls.
3. I didn't change my questions because my questions already encompassed what I needed to know.
4. I think my opportunity is still the same as it was after the first 5 interviews. There is still a need for time management skills. What I found to be different is that the boys tend to be much less organized than the girls were.
5. My 3 tips are:
- Be confident in yourself, it will make you and the person you're interviewing less nervous.
- Ask open-ended questions because it makes people open up more.
- Explain why you are interviewing them so they understand and are not weirded out.
Wednesday, February 3, 2016
Elevator Pitch No. 1
My pitch is for a company called Finder. Most people have a problem losing their phone, keys or other items and spend long periods of time searching for them. Finder specializes in a tag that you put on your key ring and connect to your cell phone in an app that lets you find your phone when you lose your keys and vice versa. The company is also developing dots that connect to the app on your phone that you put on other items like your remote or other easily lost household items to help you find them.
Sunday, January 31, 2016
Customer Interviews No. 1
1. For the opportunity, I chose to see how people tend to manage their time.
2. For this, everyone would have an unmet need, but I chose to focus on that of college students since it can be a large struggle for them.
3. The thing I learned from interviewing the people is that college students do struggle with time management. I feel this is a good opportunity because there are a lot of people that would benefit from learning how to manage their time.
4. I learned from interviewing people that it can make you a lot more nervous than you think you'll be. I have a habit of stumbling over my words because I'm nervous and I now know that is something I really need to work on.
2. For this, everyone would have an unmet need, but I chose to focus on that of college students since it can be a large struggle for them.
3. The thing I learned from interviewing the people is that college students do struggle with time management. I feel this is a good opportunity because there are a lot of people that would benefit from learning how to manage their time.
4. I learned from interviewing people that it can make you a lot more nervous than you think you'll be. I have a habit of stumbling over my words because I'm nervous and I now know that is something I really need to work on.
Week 4 Reading Reflection
My biggest surprise is that there are so many things that people say that kill your ideas. You never really realize that it can keep someone from achieving their dreams or not.
The one thing that confused me is how both hemispheres of the brain affect your entrepreneurship. It was not covered as in depth as I wish it was in the reading which is where I began to get confused.
The first question I would ask is for the author to elaborate more on the hemispheres of the brain. I would ask this because I was confused by how little was offered in the text and did not fully understand what the author meant.
The second question I would ask the author is what the best way is to avoid muddling mindsets. I would ask this because I sometimes have a block in my creativity and I want to know how to avoid it.
I did not disagree with anything the author said in this chapter. It was very well put, with interesting and unique ideas.
The one thing that confused me is how both hemispheres of the brain affect your entrepreneurship. It was not covered as in depth as I wish it was in the reading which is where I began to get confused.
The first question I would ask is for the author to elaborate more on the hemispheres of the brain. I would ask this because I was confused by how little was offered in the text and did not fully understand what the author meant.
The second question I would ask the author is what the best way is to avoid muddling mindsets. I would ask this because I sometimes have a block in my creativity and I want to know how to avoid it.
I did not disagree with anything the author said in this chapter. It was very well put, with interesting and unique ideas.
Monday, January 25, 2016
Top 5 World Problems
Top 5 Problems (ranked most to least serious)
- Increase in population
- Global warming
- Terrorism
- Poverty
- Pollution
Top 5 Problem Solutions ranking (best to least implementable)
- Poverty - This can be fixed by creating jobs in poor areas of developed countries, and outsourcing labor to underdeveloped countries to create jobs.
- Pollution - This can be changed by stricter regulations and rules against the production of products that pollute the environment.
- Increase in population - A way to fix this is to make sure that everyone has proper sex education and readily available contraception.
- Global warming - To change this, we need to work together to limit the pollution in major metropolitan areas and factories that pollute the air and deplete the ozone.
- Terrorism - A way to change this is to make sure countries have trained military and weapons to be able to protect themselves and their citizens.
Justification
Increase in population, or overpopulation, is the biggest problem because the Earth only has a limited amount of land and the exponential growth of our population will not be able to stay on the land for much longer. Global warming is next because the Earth has growing exponentially warming over the years and is seen as the biggest problem by a lot of the population. Next, I put terrorism because it has always been a problem, whether that be genocide, religious persecution, or just general dislike of a country to where they take violent actions. This problem has become more apparent in the past few years. I next put poverty because it is a problem not only in third world countries, but also in developed countries. Pollution is last because the even though it is a huge problem, the more developed countries seem to be more aware of the problem and doing their best to regulate it.
With the solutions, poverty would be the easiest to fix because of the mass companies that could easily outsource work to the underdeveloped countries. Pollution is next because with strict regulations and government intervention, we can limit the amount of pollution from factories. Overpopulation is next because teaching sex education is not an expensive venture and also offering free contraception like birth control or condoms. Global warming is next because air pollution can be decreased by strict government regulation on factories, but the emissions from cars is harder to regulate and decrease. Terrorism ranked last because it is much harder to implement without causing more issues with the countries because of military invasion.
Sunday, January 24, 2016
Identifying Local Opportunities
1. Teachers Speaking Out, Not Being Heard
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A87613EECBD008?p=AWNB ]
This article talks about how the teachers in Florida are being pushed through bureaucratic hoops which is causing them to want to leave their profession. They don't get raises, but rather bonuses if their students get specific scores on standardized testing. The reforms that teachers are seeing had caused them to hold a rally in Tallahassee to try to get the attention of legislators and create a change in the education system.
The problem presented is that teachers are being forced to abide by these new policies like the core curriculum, FCAT testing, and other standardized tests. The tests are not helping the students learn, but rather forcing the teachers to teach them to pass these tests in order to ensure their salaries will raise.
In this article, the teachers have the problem.
2. FGCU Students Decry New Road Plan
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A83DF8E7BC39D8?p=AWNB ]
The article states that FGCU wants to put in another entrance to the school where the freshman dorms are to help alleviate traffic. The students are concerned because there is a gopher tortoise habitat in that location. The students concerns also stem from the fact that FGCU recently changed their mission statement from "practices and promotes environmental sustainability" to "promotes environmental sustainability." This means the school is now more focused on expansion than practicing environmental sustainability.
The problem is that students are concerned for the environmentally well-being of the school and its surrounding areas. If the school is willing to put a road in where there is a gopher tortoise habitat, then there is a problem with their ethics regarding the environment.
The students are the ones who have the problem, as well as the animals in that area.
3. State Prison - Reform is too - Slow in Coming
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A6CEDE51B96A20?p=AWNB ]
The state prison system has a lot of issues with suspicious and unresolved deaths from the lack of treatment by the medical staff. The legislation and DOC should work on creating a faster and better response to life threatening illnesses and violent crimes as well as bettering the inmates health care.
The problem is that too many inmates are dying in state prisons because of violent crimes and lack of health care for serious illness.
The inmates are the ones who have the problem.
4. Transportation Company Sued Over Passenger's Death
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A4D49581716668?p=AWNB ]
The medical driver for Bluebird failed to strap in a patient correctly. The patient then proceeded to be injured and put in a coma because of falling out of the chair when the driver stepped on the breaks. They died later that month. The husband of the patient is now suing the company.
The problem is that the driver was not being careful and being safe. They were not paying attention to see if they were safely strapped in, which caused trauma to a patient.
The problem is for the husband and his wife who died because of the incident.
5. Title Game Prices Low, but Airfare Costs Soar
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A480C6391DDF38?p=AWNB ]
The tickets for the Clemson versus Alabama game soared in prices so that they were gouging their fans. In reality, the ticket prices are low compared to the skyrocketing prices of airfare since the games are so poular.
The problem is that the companies are taking advantage of people in order to make a large profit.
The fans are the ones with the problem because they are having to pay highly inflated prices.
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A87613EECBD008?p=AWNB ]
This article talks about how the teachers in Florida are being pushed through bureaucratic hoops which is causing them to want to leave their profession. They don't get raises, but rather bonuses if their students get specific scores on standardized testing. The reforms that teachers are seeing had caused them to hold a rally in Tallahassee to try to get the attention of legislators and create a change in the education system.
The problem presented is that teachers are being forced to abide by these new policies like the core curriculum, FCAT testing, and other standardized tests. The tests are not helping the students learn, but rather forcing the teachers to teach them to pass these tests in order to ensure their salaries will raise.
In this article, the teachers have the problem.
2. FGCU Students Decry New Road Plan
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A83DF8E7BC39D8?p=AWNB ]
The article states that FGCU wants to put in another entrance to the school where the freshman dorms are to help alleviate traffic. The students are concerned because there is a gopher tortoise habitat in that location. The students concerns also stem from the fact that FGCU recently changed their mission statement from "practices and promotes environmental sustainability" to "promotes environmental sustainability." This means the school is now more focused on expansion than practicing environmental sustainability.
The problem is that students are concerned for the environmentally well-being of the school and its surrounding areas. If the school is willing to put a road in where there is a gopher tortoise habitat, then there is a problem with their ethics regarding the environment.
The students are the ones who have the problem, as well as the animals in that area.
3. State Prison - Reform is too - Slow in Coming
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A6CEDE51B96A20?p=AWNB ]
The state prison system has a lot of issues with suspicious and unresolved deaths from the lack of treatment by the medical staff. The legislation and DOC should work on creating a faster and better response to life threatening illnesses and violent crimes as well as bettering the inmates health care.
The problem is that too many inmates are dying in state prisons because of violent crimes and lack of health care for serious illness.
The inmates are the ones who have the problem.
4. Transportation Company Sued Over Passenger's Death
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A4D49581716668?p=AWNB ]
The medical driver for Bluebird failed to strap in a patient correctly. The patient then proceeded to be injured and put in a coma because of falling out of the chair when the driver stepped on the breaks. They died later that month. The husband of the patient is now suing the company.
The problem is that the driver was not being careful and being safe. They were not paying attention to see if they were safely strapped in, which caused trauma to a patient.
The problem is for the husband and his wife who died because of the incident.
5. Title Game Prices Low, but Airfare Costs Soar
[ http://infoweb.newsbank.com/resources/doc/nb/news/15A480C6391DDF38?p=AWNB ]
The tickets for the Clemson versus Alabama game soared in prices so that they were gouging their fans. In reality, the ticket prices are low compared to the skyrocketing prices of airfare since the games are so poular.
The problem is that the companies are taking advantage of people in order to make a large profit.
The fans are the ones with the problem because they are having to pay highly inflated prices.
Saturday, January 23, 2016
Week 3 Reading Reflection
My biggest surprise is how much the chapter stressed the fact that entrepreneurs fail and how they have to "get back on their feet." There are obviously negative side effects in everything we do, and entrepreneurship is one of those things. A lot of the time, I feel like people sugarcoat it and make it seem like nothing can go wrong and it is the best thing yet. It was just interesting to see what the dark side of entrepreneurship can be.
The part that confused me the most was about the cognition of an entrepreneurs brain. I began to get confused when they were describing the cognitive adaptability and metacognitive model and how they differ. I am not a science person per say and getting into that is where I started to get lost.
My first question would be, "do you think that the risks of starting your own business scare people away from being an entrepreneur?" I would ask this because this is something that now scares me of ever opening my own business and taking that risk. Although, I know tons of people who are willing to take that risk even thought they know there might be repercussions.
My second question would be, "would the type of personality, Type A or Type B, determine whether the person is more or less likely to be an entrepreneur?" I would ask this because there are benefits and drawbacks to each personality type, and those could effect how successful you are in different areas of your life.
I don't believe that the author was really wrong about anything in this chapter. I thought that they did a good job explain the pitfalls of being an entrepreneur and how there is a dark side that not everyone knows about as well as how an entrepreneur mind works.
The part that confused me the most was about the cognition of an entrepreneurs brain. I began to get confused when they were describing the cognitive adaptability and metacognitive model and how they differ. I am not a science person per say and getting into that is where I started to get lost.
My first question would be, "do you think that the risks of starting your own business scare people away from being an entrepreneur?" I would ask this because this is something that now scares me of ever opening my own business and taking that risk. Although, I know tons of people who are willing to take that risk even thought they know there might be repercussions.
My second question would be, "would the type of personality, Type A or Type B, determine whether the person is more or less likely to be an entrepreneur?" I would ask this because there are benefits and drawbacks to each personality type, and those could effect how successful you are in different areas of your life.
I don't believe that the author was really wrong about anything in this chapter. I thought that they did a good job explain the pitfalls of being an entrepreneur and how there is a dark side that not everyone knows about as well as how an entrepreneur mind works.
Thursday, January 21, 2016
Very Short Interview No. 1
The entrepreneur I chose to interview was Kim Harrell. Her and her husband created two of their own companies which they owned each for 20 years. One company they had sold hunting and fishing sporting goods and the other was selling ATVs. Below is the interview I held with Kim.
What does it mean to
be an entrepreneur?
"Being an entrepreneur is someone who is looking for alternate forms of income or
making money."
What do you think I
should learn in an entrepreneurship course?
"You should learn creative thinking, money managing skills, dealing with the
public, state and federal tax guidelines and rules for running business (small
or large), and financial planning for present and future endeavors."
What do you wish you
had been taught in school before setting out on your own path as an
entrepreneur?
"I started these companies in my twenties and I wish someone had told me how to create a more diverse financial portfolio, like stocks, bonds, and savings accounts. I wish someone taught me to take more risks with my money earlier on in life and not keep all my eggs in one basket. It is easier to come back from a smaller financial loss when you're younger rather than when you are older and have a family to support and retirement to be saving for."
From this interview, I was surprised that there is so much you need to learn before you open a business in regards to taxes and rules from the government. I expected it to be a lot easier than it actually is. It takes a lot of risk and planning to be an entrepreneur and open your own business, that is something else I learned when I interviewed Kim.
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