1. The moments I excelled in were the reading reflections. While I struggled with some of the readings, I learned how important entrepreneurship and innovation are in the economy. I dread the video interviews so much because it involved going up to people and asking for their help in the assignments.
2. My most formative experience was creating the venture concept. I already had the tools and resources to get my venture concept started and written out. It showed that I don't need complicated sources or terminology to get my point across. The video interviews will remain with m for years because of how hard it was to muster up the courage to talk people into being interviewed for my assignments. My most joyous experience was when Dr. Pryor understood why I could not do a certain assignment and encouraged me to take extra credit instead of scolding me for not completing it. I'm most proud of completing the video interviews in one piece!
3. I see within myself the potential to be an entrepreneur, although I don't think it will be one of my main goals/traits in life for a future career. Still, I'm glad that I can grow in this area and improve on it over time.
4. To students taking this class in the future, plan ahead. You will succeed best when you plan completing the assignments ahead of time instead of rushing through them. To foster the entrepreneurial mindset, persevere in organization, timelines, and determination. This will help students to do well in the class.
Entrepreneurship is in the Air
Sunday, April 24, 2016
Week 15 Reading Reflection
1. I was surprised that there were people who earned around $1 a day and that through this service they could raise themselves out of poverty. It's like the saying of giving a man a fish to eat for a day and then teaching him to fish so he can feed himself every day. I really like that there are programs like this helping people out, and through women.
2. I actually understood a good portion of this article, save for the technological terms thrown out here and there.
3. Can this be expanded into America too? Who knows, maybe this can help people in poverty inside America too. Will you one day have men as customers? I ask because then they could tap into another pool of customers that could also have the same potential of being loyal and dependable as the female customers.
4. At the moment I don't think there is anything I disagree with the author on.
2. I actually understood a good portion of this article, save for the technological terms thrown out here and there.
3. Can this be expanded into America too? Who knows, maybe this can help people in poverty inside America too. Will you one day have men as customers? I ask because then they could tap into another pool of customers that could also have the same potential of being loyal and dependable as the female customers.
4. At the moment I don't think there is anything I disagree with the author on.
Wednesday, April 20, 2016
Elevator Pitch No. 4
Link on Youtube: https://youtu.be/Htq8kVwCZrs
2. People who watched my video say I need to sound more enthusiastic and also to get to my pitch's point sooner. My voice was too soft in the last pitch and I took too long to get to my point in the video.
3. For this final pitch, I raised my voice and made myself sound more eager. I used my hands more to show excitement and movement. I also took people's suggestion of cutting down my pitch and getting closer to the point sooner.
Venture Concept No. 2
Description:
1. Provided down below.
2. This summary is going to be very short because I really only received one feedback on how to improve my concept overall. Instead of having students pay 5 dollars every time they rent a charger, I instead charge them less money for each rent. Monthly subscriptions will be about 5 dollars, and payment for semester and yearly subscriptions to Study Buddy will vary on the student's needs in their particular area of studying.
3. The only thing I changed in my venture concept was the pricing. I also added the possibility of monthly and yearly subscriptions to the service too.
Venture Concept: Study Buddy (Revised)
Opportunity
The
people I am currently targeting my service with are college age/enrolled
students who invest in their studies. My demographic also stretches to anyone
who studies in general. The unmet need that my consumers deal with are chargers
(wired and wireless) that charges their studying tools (laptops, phones, et.).
The reason this unmet need has occurred is because in areas like libraries
there is a lack of space and plugs for students to use for their chargers. The
market for this service is defined geographically by libraries and any
available area used for studying, and it is also defined demographically by the
plethora of college students both living and studying on college campuses.
Currently
costumers are satisfying their unmet needs by carrying their personal wired
chargers with them to wherever they go to study, while trying to plan ahead and
hoping to gain access to plugs for them to use in keeping their tech online.
Due to the fact that this is currently the only way students who use technology
to study can succeed academically, they are compelled into a forced-loyalty
towards this method. My service would quickly lead them to adapt to my business
though. The opportunity itself is enormous and is simply lying there for the
taking. This window of opportunity will continue to be open for the taking
until someone comes and takes advantage of the opportunity itself and profits
from it.
Innovation
My
service Study Buddy is geared toward the academic success of studying students
who require as many resources possible to earn a successful academic career in
college. What Study Buddy does is rent out both wired and wireless chargers to
customers that they can use to keep their tech that they use for studying
charged. Through a simple purchase of 2-5 dollars (depending on the brand of
charger and whether it is wired or wireless) a month, students may use said
services for as long as they are in the library. If they wish to purchase a
semester subscription or a yearly description, appropriate prices will be
arranged for these students so they may study to the best of their abilities.
Venture Concept
With
my innovative service Study Buddy, I will have helped bring resolution to an
academic challenge that has hindered many college students from achieving
educational success in their college career. My customers will buy this
service’s offers because not only is it financially affordable on a college
student’s finances, but it will also increase a college student’s chances of
achieving higher grades in their courses. It will be easy to have customers
switch to this service, as then they will no longer have to worry about
carrying another item with them to the library for studying and they will not have
to hunt for plugs wherever they may study.
At
the current moment I do not know of any competition in this particular market.
Due to this, I cannot say for certain the weakness and vulnerabilities of
possibly existing competition. Packaging is unnecessary in this service, the
overall price is affordable for students, distribution must make efforts in
finding the different types and brands of chargers available for all student,
customers need to be an important base in the service to spread news of our
business, and libraries are only the stepping stone to places Study Buddy will
reach out to collaborate with in our service.
Three Elements
My
unfair advantage in Study Buddy are the large numbers of locations I can spread
my service to besides libraries. Thanks to the increase and evolution of
technology, people are almost to study almost everywhere. A number of
businesses are limited to certain locations due to the narrow offers their
businesses offer, but my service is capable of reaching out to multiple
consumers of all demographics in the future, not just college students, all
over the world.
The
next step with my service is to add headphones to Study Buddy. Headphones are
required if a student is going to study in an area other students occupy for
their own personal efforts at studying. I would rent out different types and
brands of headphones available, have employees trained to know how to maintain,
clean, and fix them, and make studying overall less of a challenge for college
students.
Five
years into the future, I want Study Buddy to be known nation-wide. I want the
service spread to libraries and multiple locations where people of all
backgrounds study at. Ten years into the business, I want to take Study Buddy
internationally and share my services with the world at large. I would also
like to create a charitable branch in my business that would offer technology
for those in need.
Sunday, April 17, 2016
Google Gold
1. I am not sure how exactly to pull off SEO. In the first few weeks of filling up this blog, I would use multiple keywords related to the course and the particular post. However, I stopped doing this after a few weeks.
2. My keywords stemmed from "Week __" all the way to "entrepreneurship" and "ENT3003". If someone typed in these words, they would then have a greater chance of finding my blog. Over time though I stopped using keywords except for "Week __".
3. No, I did not.
4. None of them went anywhere near viral. I'm sorry.
5. I didn't, and this is because I stopped using keywords except "Week __" after a few weeks into school. I believe I bombed this assignment.
2. My keywords stemmed from "Week __" all the way to "entrepreneurship" and "ENT3003". If someone typed in these words, they would then have a greater chance of finding my blog. Over time though I stopped using keywords except for "Week __".
3. No, I did not.
4. None of them went anywhere near viral. I'm sorry.
5. I didn't, and this is because I stopped using keywords except "Week __" after a few weeks into school. I believe I bombed this assignment.
Week 14 Reading Reflection
1. The biggest surprise for me was in Chapter 3 when I read that one of the factors involved for encouraging innovation in businesses is to not punish failure. I always came with the mindset that if you fail, you are disciplined for messing up. However, I now see that should only happen in some cases in life, and pursuing innovative ways to succeed in business is not one of those moments to end in punishment, but hopefully instead an important lesson learned on how to do better next time.
2. There wasn't anything in Chs. 3 and 4 that were confusing to me. I just still struggle at times with comprehending the overall language in the book.
3. Does failure always have to equal no punishment? Maybe they failed because of laziness or some other negative factor that they could have prevented but didn't, and punishment would be the consequence of these poor actions. Also, how big should I-Teams be? I wonder how effective their work would be depending on large or small numbers of members.
4. I think that sometimes, not always, but sometimes one should be punished for failure, depending on context. If it was a genuine attempt to succeed in something, then no punishment. If one failed because of laziness, poor management in timing and organization, etc., then punishment is a possible option.
2. There wasn't anything in Chs. 3 and 4 that were confusing to me. I just still struggle at times with comprehending the overall language in the book.
3. Does failure always have to equal no punishment? Maybe they failed because of laziness or some other negative factor that they could have prevented but didn't, and punishment would be the consequence of these poor actions. Also, how big should I-Teams be? I wonder how effective their work would be depending on large or small numbers of members.
4. I think that sometimes, not always, but sometimes one should be punished for failure, depending on context. If it was a genuine attempt to succeed in something, then no punishment. If one failed because of laziness, poor management in timing and organization, etc., then punishment is a possible option.
Sunday, April 10, 2016
Celebrating Failure
1. Just last Sunday I went with the Surf Club at St. Augustine. I never went surfing before, but I wanted to try it, so off I went to the beach with everyone else involved. When it was my turn to go surfing, I had to drag my long board across the sand to get to our starting point. When I finally got in the water, I tried multiple times to stand on my surfboard and failed. My legs were tangled with the leash, the board kept moving away or kept hitting me, and the waves slapped me whenever possible. In my last attempt to surf, I wiped out and fell completely into the water. I'll still be going back to surf some more though. Practice makes perfect!
2. I learned that surfing is a lot harder than it looks! I also discovered that despite the many failed attempts to stand on my board, I want to go back and keep trying. I want to ride the waves and be a part of the surfing community. Surfing is so much fun, and I want to keep doing it. I finally learned that failure is not always a dead end, but an alternative route to reaching success. The more I practice, the better I'll get!
3. At first I got so upset on my failures. I like doing things well the first time, because I want the first time to be the last time. I don't like retrying things. However, as I got older, I came to the realization that trying again will only increase my chances of doing better. Also, me failing at something is not a sign that I myself am a failure too. Because of this class, I am more open to taking risks to achieve what I want in life - although there's a good chance I will still be uncomfortable about it.
2. I learned that surfing is a lot harder than it looks! I also discovered that despite the many failed attempts to stand on my board, I want to go back and keep trying. I want to ride the waves and be a part of the surfing community. Surfing is so much fun, and I want to keep doing it. I finally learned that failure is not always a dead end, but an alternative route to reaching success. The more I practice, the better I'll get!
3. At first I got so upset on my failures. I like doing things well the first time, because I want the first time to be the last time. I don't like retrying things. However, as I got older, I came to the realization that trying again will only increase my chances of doing better. Also, me failing at something is not a sign that I myself am a failure too. Because of this class, I am more open to taking risks to achieve what I want in life - although there's a good chance I will still be uncomfortable about it.
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