Sunday, April 24, 2016

Final Reflection

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.


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.


Wednesday, April 20, 2016

Elevator Pitch No. 4

1. 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.


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.


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.


Week 13 Reading Reflection

1. The biggest surprise for me in the writing were the multiple purple charts used in this chapter. The rest of the chapter was like most chapters in the book before. The only time I remembered this many purple sections was probably in one chapter of the book a few weeks ago.

2. What confused me was the conflict between buyer and seller. It can't always be this dynamic, the seller thinking their business is more while the seller thinks it is less. I wonder if the views have ever been reversed or at least shown in lesser extremes.

3. How can the relationship between buyer and seller by improved? Maybe if this is done, there will be good profit for both sides, not just one Also, are roll-ups good in every situation? I ask this because they seem like a good idea for many occasions and reasons, but I wonder if there are specific cases where it is recommended not to participate in a roll-up.

4. I have nothing at this point to disagree with the author on in this specific chapter.

Tuesday, April 5, 2016

My Exit Strategy

1. With my business, I intend to keep it longer than five years. After 5+ years in service, I will consider selling it to someone else who is capable of living out the goals of the company and managing it well. The money I invested and saved up from my business I will put to the side for future use, like college funds for my children or emergencies.

2. If I am going to start a business, I need to commit to the enterprise for more than just 5 years. I will gain experience in many areas of life on a number of levels, which will help me later in life as well. I hope with the money I saved I can also ensure financial stability later on in my life.

3. Honestly, this has not impacted my decisions made in my concept at all. This is a goal I intend to complete after achieving success in my business. I don't intend to run my own business forever.


Sunday, April 3, 2016

Week 12 Reading Reflection

1. The fact that people in businesses do not always do strategic planning is surprising to me. While it may be a hassle to start at first, the benefits strategic planning bring to a company's table far outweigh the time needed to invest in such an event.

2. For me, while the reading was thick as always, I am not really confused on what the author of this chapter is trying to explain. Maybe I am beginning to better comprehend the chapters now.

3. How can business owners be encourage to do strategic planning? Since this is such a good thing to try out, owners should be encouraged to attempt it for their businesses. What must be done to prevent Fatal Vision #3? It would be interesting to know in what ways a business can plan/invest ahead of time in their products/services and still remain at the top.

4. At the current moment, I have no further questions to ask the author about.

Wednesday, March 30, 2016

Venture Concept No. 1

 Venture Concept: Study Buddy

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), students may use said services for as long as they are in the library.



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.


Saturday, March 26, 2016

Amazon Whisperer

1. Revenue drivers: This is earned through consumers paying to rent the chargers for studying purposes. Another form of revenue comes from the library paying the service to stay on and also for repairs to any damaged and/or broken chargers.

2. The next product to use for my Study Buddy service would be headphones, specifically headphones built for the specific needs of the consumer, like a student in a library or a student exercising in the gym. Studying can be taken anywhere, not just the library, and my service can provide for this.

3. The line of headphones will improve and expand my overall service by making studying in general more advantageous for my customers, which will lead to more consumers and more revenue and success. By showing we care about our customers and their desire to succeed in their studies and life, we not only increase their chances of academic success, but increase their loyalty to us.

4. These headphones are built especially for exercise, the gym, and overall athletic related events. The style is designed to fit comfortably on the ear with little discomfort and it blocks out unwanted noise from the environment around the consumer.

http://www.amazon.com/Bluetooth-Headphones-Liger-XS900-Cancelling/dp/B0184MWYCW/ref=sr_1_1?s=electronics&ie=UTF8&qid=1459037055&sr=1-1&keywords=headphones
71Sxn6EJJ0L._SL1500_.jpg

5. Customer reviews: 62% of reviews were 5-star positive and only 12% were negative 1-star reviews. From 5-star reviews, the product is described as one of good price with quality sound and comfortable fit in the ears. The negative reviews pointed out how after some time the quality of staying charged for hours lessened considerably, poor blue tooth range, and choppy sound quality at times.

6. From the basic, foundation style and look of it, I would not change it. I also would not change its purpose either. Instead I would work on improving the product so that its battery life lasts longer and more efficiently, and sound quality becomes a minor issue to the consumer.

7. This product would make a good addition to my Study Buddy service because it complements the pros of the rented chargers already in use. Not only do students have less to carry to the library for studying, but with a small rent payment, they can use chargers and headphones to further help their overall studying and reach a higher level of academic success.

Thursday, March 24, 2016

Week 11 Reading Reflection

1. What surprised me most was the reading level of this article. The last reading reflection was so difficult for me to grasp, and this article was a lot easier for me to comprehend. To be more specific, what also stood out was how innovation in general is still a struggle for a lot of businesses, and companies like Apple and Microsoft are so successful because they mastered innovation unique in their work.

2. The jargon used throughout the article at times confused me. I didn't know words like routine innovation and disruptive innovation at first until the article described them in detail later. There were other words used throughout the article that I just learned for the first time or still do not completely know the definition to.

3. Will there one day be a basic foundational model that companies can use for innovation and then customize it further after the foundational aspects? Maybe there is some formula out there, but we haven't discovered it yet, and that is why the author says every company's innovation practices must be tailored to their needs. What steps does one need to take in order to make the difficult architectural innovation less of a challenge? Maybe there is a certain approach one can take to make the transition less difficult to manage.

4. At the current moment, I don't see anything yet to disagree on.

Sunday, March 20, 2016

My Unfair Advantage

1. Resources: (1) large demographic (college students); (2) multiple locations to spread to (multiple colleges, later on libraries and other areas); (3) accessibility to customers; (4) personal experience of customer problems; (5) payable prices for service; (6) service able to be repeated and used as many times as wanted for the customer; (7) service is easy to use and employees need little training to perform it; (8) service, while targeted at college students, can be and is available to anyone owning a piece of tech; (9) service's product is light and easy to carry around for studying; (10) different chargers for different pieces of tech available to customers.

2. VRIN: (1) very valuable, especially in beginning of business, relatively easy to copy; (2) valuable because of how many locations there are, can be copied by other locations who want to work with service; (3) high resources, difficult to imitate if customers are paid for their loyalty and commitment to using the service; (4) not at all rare and can be imitable; (5) valuable because good price equals better chance of returning customers, can be copied by others; (6) valuable because service can be used repeatedly; (7)valuable because of easy level of difficulty, can be copied; (8) service is valuable due t inclusiveness; (9) valuable because of little weight carried, can be copied; (10) valuable due to diversity, rare because some businesses may not be as diverse, can be copied.

3. Top Resource: My top resource is the multiple locations my service can spread to. It is above all other resources because it is heavily connected with customer numbers. If my business spread to other libraries and areas that use chargers, customers will attempt my service, which leads to a greater and more expansive use of my business. The multiple locations equals multiple customers, from the targeted college students to any person using technology that needs to be recharged.



Saturday, March 19, 2016

Week 10 Reading Reflection

1. Holy - freaking - cow. This was, by far, the most difficult chapter I ever read for this class. Some parts flew over my head because of the level of reading required to read and digest. A part that surprised me was the section called "When Currency Loses Its Global Value". It surprised me that losing value in currency can actually, for the short term, be a good thing, because tourists are more likely to come to areas with less value on currency for tourism.

2. Is it wrong for me to say that everything confused me? This chapter was just so complex to read, and there are still some parts that I don't understand.

3. Is there a way that less value on currency can be good for the long run and not just short term? Maybe business owners can have better chances of survival if there are different tactics for taking advantage of this issue. Also, how does a business owner develop the willpower they need to be firm with their customers on payment without becoming cruel? Are there cases where there is no other way? This is because customers prefer to be with a friendly owner than a rude one, and yet it can be difficult being friendly with customers and being firm on doing business too in a number of cases.

4. No, I don't have anything I disagree with on here. I'm still confused over the chapter's contents, so at this point, I can't agree or disagree with the author on the chapter.


Wednesday, March 16, 2016

Elevator Pitch No. 3

1.

2. While my commentaries were kind and receptive to my pitch for my service, the only constructive advice I received was to set up the camera in a way that I was talking to a group of people and more of my body could be seen overall. I did as they suggested and set up the camera in a way where viewers could see a greater portion of myself in the video. The majority of my commentaries were supportive of my previous pitch.

3.Based on the feedback I received, I set up my phone camera in a certain so that when it recorded my pitch, it recorded a larger view of my overall body, allowing the viewers to see an appropriate amount of myself and not just my face and neck.

Sunday, March 13, 2016

My Secret Sauce

1. Five things about me: (1) I am mature for my age, and I have been this way since I was young. I take things seriously and rarely joke around while on the job. There's a time to work hard, and a time to play hard. (2) I'm a hardcore bibliophile. I have already read hundreds of books in my lifetime, and this gives me an advantage when it comes to information. I love learning new things and reading, so these two combined help me to educate myself on topics. (3) I am also persistent, so I only give in after I gave a good fight. I'm not a fan of throwing in the towel a lot of times. (4) I can work efficiently in both individual and group projects. While I prefer to work alone, I am able to share the workload with my teammates and lead a successful endeavor. (5) I am a listener. I can listen to other people for extended periods of time. This is an advantage because I can then get in detail the issues troubling people I speak and listen to.

2. Interview:
https://youtu.be/zx0kYHscHJE
Recker had a more difficult time in this particular interview because the question is different from previous ones I asked her in past assignments. Nevertheless, she described me first by certain personality traits she saw in me, and after I coaxed her into describing me through an academic/educational view, she gave answers more in tune with the assignment's instructions. I took away from this that Recker sees me as a friendly and innocent person who gets along with others well.

* Two of my roommates were unavailable to be interviewed and I could not find another person who knew me well enough to interview as I tend to prefer small groups and small amounts of interaction. I accept the grade that is given to me.

3. Reflect:
I see myself as mature and serious, and in the one interview I obtained I was described as innocent and friendly. Yes, there are differences in how I and other people see myself, and I think this is due to perception. I know way more about myself than people on average know about me. People can't read my thoughts or discern my inner motivations and desires unless I show or tell it to them. I see myself in a different light because I am living me, while other people are living a different experience and thus they may see a different perspective of myself. Becker is right about me to a certain extent, as I admit to being seen as a more innocent person and friendly as well. What she probably doesn't know is that I am very mature for my age and don't need to act like a stiff individual to be this way, and that while I am friendly, I also confess to having a temper that I sometimes lose control of. Finally, I wouldn't remove my self examination in 1, but instead add Recker's opinion to it as well. I am a persistent person who loves to read, and I just so happen to have an innocent way about myself and come off as friendly to others. These are more good traits I can use to describe myself in the future.

Tuesday, March 8, 2016

Week 9 Reading Reflection

1. The biggest surprise for me is how companies can be so afraid of using certain tactics or techniques to help their overall business. I understand that money, time, and the chances of results being unreliable are factors in this, but it still surprises me that this seems to happen often with companies. If someone took the risk to start up their own new business, wouldn't they also take the leap to try different ways to better sell their service and/or product?

2. The guerrilla marketing plan throws me off because in this day and age, companies have been built for practically every purpose and objective. How can you truly be different from your competitors if they too have same/similar qualities as you? Quality, expertise, value, price, etc., these are all goals and objectives and advantages that other companies either have or are striving to achieve. I think you would have to think up of something brand new or very innovative in order to pull this plan off successfully.

3. What can be done to encourage businesses to put in more work for research and so on? I just find it strange that so many would be hesitant in using as many resources possible to help their companies. Also, when should an entrepreneur change their philosophy? They may start out with one of the three philosophies mentioned on pg. 321 of Chapter 10, but when will it be best for them to change their philosophy to further the success of their business?

4. At this current moment, there is nothing that I seem to disagree with on the author. I still have much to learn though.


Saturday, March 5, 2016

Idea Napkin No. 2

1. You: I am pursuing a major in English and a minor in Innovation and these two degrees strengthen and help nurture my entrepreneurial side. My skills involve writing, writing under a deadline, pursuing research and sources for articles, and experience in committing to a long-term cause. With my business, I see it as a way to help me grow in my leadership skills and capabilities of managing a business well.

2. What are you offering to customers: I would like to offer them free/rentable chargers. The library is a hotspot for many students enrolled in college. However, there are limited places for a student to charge their devices. With a system that rents out chargers or offers wireless chargers that can charge computers and phones, my customers will have greater access to their overall studying, which in turn will increase their success in college.The service will take into account the amount of students who bring their chargers to studying in general and be able to offer chargers with little chance of running out. 

3. Who are you offering it to: My demographic will be college students, but my service can also extend outside my targeted demographic. Anyone enrolled in college is given access in obtaining a traditional charger or wireless charger for their own personal studying while at the library. The service will also take into account the fact that students own different types of laptops, so different chargers will be offered for the majority of different computer brands and labels. My student-customers have in common their desire to study and succeed in their classes.

4. Why do they care: My product will be a solution for a large problem that affects students everywhere. One reviewer noted that I will have little to no operating costs, so I can also gain much financial benefit with the service. Students will not have to cough up large amounts of money to pay for the service either, so money will be a small issue for students intent on studying in the library. With my product and overall service, my customers will worry about one less thing and can devote their time to earning good grades.

5. What are your core competencies: What sets me apart from everyone else is that I have gone through the same problem. I needed to leave the library early once because there were no open plugs for my charger. What I have that nobody else has is patience, and a lot of it. Building a business from the ground up requires delayed gratification and going step by step through the setting up of a business in order to succeed well in entrepreneurship.

* Five Core Elements: With the feedback I received in Idea Napkin 1, I believe my 5 elements coincide together well. The feedback pointed out certain weak spots in my previous assignment, like clarifying whether I am using wired and/or wireless chargers (I am using both). It also pointed out the benefit of having little operating cost and likely starting out financially well, which can lead to other colleges and libraries adopting my service into their respective services. Thanks to the feedback I received before, my elements work together more smoothly together. 

* Feedback Memo: The truth is, I only received a small amount of feedback in my previous assignment. The first is clarification on whether I am using both wired and wireless chargers for the service. I was also told about the benefit of low operating cost in my business. I must also take into account the different types of laptops and devices available for studying so I can properly provide the right chargers for each individual student in the library.  I incorporated the feedback that I received by linking them into my answers throughout this post. I mentioned the good areas of my service and the areas of improvement as pointed out by my classmates. 


Saturday, February 27, 2016

Half-Way Reflection

1. The behaviors I used for this course so far are stubbornness and perseverance. I stubbornly got through my weekly assignments in a timely manner and did what I could to complete them early and not finish them on the last assigned day. For perseverance, I pushed myself to keep going to other people for the assignments involving interviewing different students. This was hard because I prefer to keep to myself and not do events like these, but I pushed through it and succeeded.

2. I felt like giving up around the second or so week of class. There were so many assignments I had to do, and even though they were small and able to be done, the overall look of the multiple assignments overwhelmed me and made me stressed. I made myself pull through by thinking logically that it was only first few days of school, and I just needed to adjust to my new workload, and this helped me in the end. I feel like I have matured more in regards to entrepreneurship, but I tenacity is something I still have space to grow in. Assignments like the interviews are areas I still struggle in, so I see this as a sign that I have space to improve.

3. (1) Stay on top of your work. There is no need for you to freak out over your school work, especially if you worked on them in a good amount of time. (2) Give the class a good try. Yes, it will make you do things you may feel uncomfortable about, but the teacher will not ask the impossible from you. Also, if you have objections to an assignment for some reason, try to explain it to the teacher in a reasonable manner. This can make the overall situation less stressful for you and the instructor. (3) Don't put doubt in yourself. Doing assignments like interviews are intimidating, but you won't ever complete them if you keep doubting yourself. Ready yourself, assure yourself that the worst thing that can happen is someone says no, and then go for it.


Week 8 Reading Reflection

1. The biggest surprise for me was how I better understood this chapter, and thus I believe I was able to understand the topics on Angels and VCs. Usually the assigned reading is difficult for my mind to digest and comprehend, but this time I had an easier time with it. Because of this, the talk of Angels specifically brought my mind to the TV show Shark Tank and this helped me to better understand the purpose of Angels in general.

2. VCs are still a confusing part for me. While I think I understood some parts of the VC career and motives, I better understood the use of Angels. I still came off with the feeling that VCs do want to control, at least in some aspect, someone else's business. I know that this is said to be a myth in the chapter, but I still feel this way. Are VCs like counselors/advisors for businesses? If not, then what is the true significance of their careers?

3. My first question would be, "What really is the purpose of VCs?" I still lack a proper understanding of VCs and maybe a more simple clarification would help me. My second question would be, "Would the people in Shark Tank be considered Angels?" The commission helped me to understand the concept of angels, but maybe I am wrong. Are the people on the show Angels, or are they a different brand of entrepreneur altogether?

4. No, I found nothing to disagree with. I was just mainly confused over VCs in general.


Saturday, February 20, 2016

Free Money

Because this assignment involves giving away money, I do not think it is best for me at this time to complete this assignment. I am dependent on my parents, and I do not believe they will appreciate me giving away money to random strangers for a class assignment. For this, I accept the zero to my grade on this assignment. I apologize for the inconvenience and I will continue to do my best on future assignments.

Wednesday, February 17, 2016

Week 7 Reading Reflection

1. For me, the biggest surprise in this week's reading was how complex it all come off to me. I know that areas in entrepreneurship can be complex and specific at times, but this brought it to another level. I admit that it was difficult for me to comprehend some parts of the reading because of the level of difficulty involved. Still, I read through the article and I believe I at least have a general understanding of what they were trying to say in regards to segmentation, that it has been poorly used before and this new, more innovative approach could improve the situation regarding these.

2. How about almost everything? Again, the complexity of the article was difficult for me to comprehend. I guess one area that confused me was how the original approach failed to produce good results. Is it possible to combine both the original and new approach together and see what results unfold?

3. Is there more that can be done to further innovate segmentation, possibly even re-haul the entire thing and start fresh? I ask this because so many companies messed up on using segmentations. Maybe the problem is both how the companies handled segmentations and the overall concept of segmentation themselves. Also, can segmentation also apply to non-profit businesses, like charities? I ask this question because it intrigues me on whether or not the use of segmentation can either help or hinder a business that is not for profit. The examples I read in the assigned reading kept using for-profit businesses, so I wonder if non-profits can benefit from segmentations.

4. Because I struggled to fully understand the article and what it meant, I will stay on the side of caution and say that, no, I have nothing so far to disagree on in the piece.