Posts

30 A- Final Reflection

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1.  When looking back through my posts from over the semester, I can see how much I have learned to think outside the box when tackling questions. I no longer sit and ponder what the "right" answer is, rather what a unique and innovative answer is.  2.  What stands out to me the most is my newly found ability to take risks. This experience I will remember and use in my day to day life in order to venture out of my comfort zone and keep life interesting.  3. I do believe that now I possess an entrepreneurial mindset. I am always brainstorming ideas and spitballing them with my friends when we are together now.  4. For students that will take this course down the road-keep your mind open to all possibilities. No matter how insignificant something is, take a close look at it, whether it be feedback or an idea. I recommend that they do something every day that puts them out of their comfort zone (public speaking, talking to a stranger). 

29 A- Venture Concept No. 2

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1.  College students are always on the move. Whether it’s walking to and from class four times a day or visiting their friends across campus, there is no denying they bounce around on a daily basis. On another note, college students tend to be some of the most outspoken members of society when it comes to environment conservation. All this being said, college students wish to come and go as they please while also supporting the environment.  Most students at the University of Florida right now travel to and from campus every day via a traditional gas powered method of transportation like a car, the RTS bus, or a gas powered scooter. With the University of Florida becoming more and more cramped, finding a place to park your car or scooter when trying to go to class is becoming a time-consuming hassle. Additionally these traditional gas powered methods of transportation are not environmentally friendly. While a scooter only takes a gallon or two of gas per week (depending on use) biking

28 A- Your Exit Stragegy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? I would intend to protect the venture as a family business and pass it down to my children. 2) Why have you selected this particular exit strategy? I selected this particular exit strategy because when growing up I would be able to teach my children how to run a business and think on your feet.  3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources? I do not believe that my exit strategy has influenced my other decisions because regardless of the decisions I may make, if I do end up owning a bu

27 A- Reading Reflection No. 3

How to fail at almost anything and still win big- Scott Adams 1) What was the general theme or argument of the book? The general theme of this book is that there is not one hardwire method for success. The only method to achieve success is to pick a system that revolves around you.  2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? The book explains that you should not let reality determine your imagination, rather, you should allow your imagination to shape your path to success. This connects perfectly with this class because this class encourages students to use their imagination to solve problems. 3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve? I would ask students to come up with the most outlandish entrepreneurial idea they could think of and then develop a 5 year system personalized around their interests and beliefs to obtain that goal. 4) What was your biggest surpr

26 A- Celebrating Failure

1. Throughout my life and over the summer I have failed countless times, however, I always try to bounce back. One instance over the summer where I failed took place when I struggled to install my course software for one of my summer classes. Although I attempted to download it for multiple hours (approximately 3), it simply would not download. I checked my internet connection, paid for the software, and closed all open applications, but it simply would not download. Finally after 3 hours of frustration and failure, I realized I had been trying to download the wrong course software.  2. Because of this experience I learned to read diligently, a skill that I thought I previously possessed.  3. I believe that failure is a necessary part of progressing as a person. How you internalize failure ultimately determines your character. This class has definitely allowed me to recognize my own failure and learn how to build upon it to come closer to a solution. I am definitely more likely to take

25 A - What's next?

Existing market-  Step 1- I do not know what is next in terms of products and services for my venture due to the fact that it will take significant capital and labor in order to start this. However, were I to get my hands on enough capital I would start developing an app that would allow customers to pay for the product, log their miles, etc.  Step 2- The first person I interviewed said that we should start by incorporating friendly competition or a rewards program, and said that he would use it if he knew he would be able to get rewards. The second person I interviewed told me that I should really target those with no form of transportation rather that illustrate my proposal as a green alternative to gas powered transportation. The third person I interviewed said that I should focus on schools that are sprawled out with little parking.  Step 3- I believe that in order to grow my existing market I will have to first achieve success at my own school and become profitable. In addition to

24 A- Venture Concept No. 1

College students are always on the move. Whether it’s walking to and from class four times a day or visiting their friends across campus, there is no denying they bounce around on a daily basis. On another note, college students tend to be some of the most outspoken members of society when it comes to environment conservation. All this being said, college students wish to come and go as they please while also supporting the environment.  Most students at the University of Florida right now travel to and from campus every day via a traditional gas powered method of transportation like a car, the RTS bus, or a gas powered scooter. With the University of Florida becoming more and more cramped, finding a place to park your car or scooter when trying to go to class is becoming a time-consuming hassle. Additionally these traditional gas powered methods of transportation are not environmentally friendly. While a scooter only takes a gallon or two of gas per week (depending on use) biking take