Jakob Hudanish

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

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

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

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

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

1. Convenient- My bike racks will be located near heavily trafficked areas for convenience.  Convenience is valuable Bike racks themselves are not rare, however, conveniently located ones are Though easily imitated, I believe that convenience in this context is difficult to achieve  Conveniently placed bike racks may be substituted by other one time use methods of transportation such as a Byrd scooter 2. Human Capital- My human capital   My skillset is unique and valuable   Human capital itself is rare, and not many people possess it   Human capital is very hard to imitate  Personal human capital is not able to be substituted, as everyone has their own unique skillsets  3. Competitive motivation   My competitive mindset is extremely valuable  My capacity for competition is rare   My competitive mindset is not able to be imitated  Competitive mindset is something that is not able to be substituted 4. Social capital  My social capital is very valuable   My own personal social capital is

I don't believe that any feedback is silly feedback. I try to use all of the feedback that I receive to better myself in these posts. This being said, I had a comment that illuminated me to the fact that I had never discussed the price of my bike system. In this post I included a price, however it is based off of limited knowledge of the market. 

1) What was the general theme or argument of the book? This theme was to show Musk's ahead of his time vision and demonstrate his determination.  2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? This book demonstrates the idea that when pursuing an entrepreneurial career, you can not give up after hearing that your ideas are unattainable, you simply must make it happen.    3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve? I would design an assignment that allowed students to fail the assignment the first couple submissions in order to show them that you cannot give up.  4) What was your biggest surprise or 'aha' moment when reading the book? In other words, what did you learn that differed most from your expectations? My biggest surprise was learning that Musk developed PayPal on a relatively low budget. When he was designing his first start-ups, he was determine

Contract 1:  1. A bike parts wholesaler.  2. I would need a bike parts wholesaler for my business.  3. I have not found a bike parts wholesaler, however, I believe that I could get into contact with one easily. 4. They have not done favors for me yet, but if they were, I would appreciate a bulk order of bikes.  5. By placing a bike wholesaler in my network I would open up doors for myself that were not previously accessible.  Contract 2: 1. Travis VanderZanden- CEO of Bird Scooters 2. I believe that Travis is a domain expert considering the success that he has had on other college campuses with bird scooters. 3. A quick google search lead me to Travis and I would contact him via his assistants email.  4. I have never had an exchange with Travis, however I believe if I had the chance to meet him he would be able to give me extremely useful information.  5. Due to his continued success with Bird Scooters I believe that Travis would be an extremely valuable asset when it comes to making s

1. You: Talents-  Math, Hockey, Communication, Presentation  Skills and Experiences-  Skilled in locating new business opportunities and targeting niche markets based on their demographics Experience in new business development, sales, marketing, and business side of healthcare  Aspirations-  Make a stable enough income to support myself and my family  Find meaning in what I do I believe if I were to start the business it would consume most of my time and since the idea behind it gives me a sense of purpose and meaning, I believe I would be fulfilled with my work. 2.  What are you offering to customers?: I would be providing a system of bikes throughout the campus that would be accessible to anyone. In this system, a student could electronically rent a bike and then deposit it at the stop closest to their desired destination. Students that are looking to easily cut through campus to avoid traffic, those looking to increase their daily physical activity, and environmental activists will

Ideal Customer Description:  My ideal customer is a college student with no personal form of transportation (no scooter or car) that is not looking to purchase a bike or skateboard. This college student is looking to support the ecosystem while also staying active throughout their grueling academic schedule. My ideal customer is one that takes a heavy course load during populous hours of the day and is looking to shoot across campus without having to wait in traffic or at the bus stop. These types of customers are probably watching "That 70's Show" or "It's Always Sunny in Philadelphia". All this being said I feel that right now, being a college student myself, I share a great deal in common with my customers. I live an active lifestyle and am always looking for a way to help preserve the environment. 

I felt that all of the feedback that I received on my first pitch was helpful. The feedback that I received enlightened me to the fact that I failed to differentiate my idea from other substitutes. I ended up using the feedback to improve my second pitch and ensure that in it I differentiated my business from other substitutes.