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Showing posts from April, 2020

30A – Final Reflection

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1. From the first assignment, the bu lists, we have learned so much. The bug list was an excellent assignment to start the course. I allowed me to get into the headspace as a business person. To recognize the flaws or ‘bugs’ faulty in the world and look to create something that could affect it positively. And that’s what we learned throughout this course. Finding an opportunity and acting on it, that is what an entrepreneur is. 2. What sticks out to me the most is the idea that you planted is that the fact that we all just want money. It is essential to do what we need to do now to make money and focus on the bigger picture later. What I’m most proud of is the way I developed a full business idea and have the experience to know the steps of creating a product/service. 3. I do now see myself more as an entrepreneur, and I feel that I have grown the entrepreneur mindset. 4. One recommendation I would make to students is to be open-minded through this course and really learn from ea...

29A – Venture Concept No. 2

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Opportunity: Who requires the need for blue tooth wireless headphones are highschool to college students; generation z and millennials (but limited to). The nature of the need is to obtain a pair of Bluetooth headphones that don’t cause you the trouble of having to disconnect and reconnect to every device. The forces and changes that are creating this opportunity are advancing technology people may not see this need until it is brought to their attention because at the moment, there is no real solution to it. The market is defined geographically and demographically would be people in the middle to upper class in which this product would be on the pricier side. Customers are currently satisfied with this need because they don’t have any other solution than to deal with it; I don’t believe they would be loyal if a better and more advanced product was put in front of them. This opportunity is huge and has the chance to lead the Bluetooth industry in this advanced technology. I would belie...

28A – Your Exit Strategy

1. I intend to grow my business to all that it is worth, and if an opportunity comes for me to sell, then, of course, I will take that opportunity, but my main goal would be to run this business to the end. My existing strategy will be when I retire and hopefully pass on the business through my family. 2. I choose this to be my exit strategy because I want to grow and run the business to my full potential and then pass it on through my family to keep it in the family name. 3. I think this decision relates to my human capital and personal goals. I personally would like to take the business that I grew from the ground up as far as I could and, in the end, look at my progress. From there, my family can do what they think there’s exit strategy is best for this. What I mean by this is if they decide to sell it or grow it till they retire also. It has influenced my growth intentions and how I plan to use my resources.

27A – Reading Reflection No. 3

The Art of Social Media: Power Tips for Power Users, Guy Kawasaki 1. The general theme of this book is whether you're promoting a business, a product, or yourself, social media is near the top of what determines your success or failure. 2. This book enhanced my learning in ENT3003 by giving more information regarding the importance of social media as a business person. As a communication major hoping to go into the media part of the business, I enjoyed this book and believe it gave me important insight to further my knowledge. 3. An exercise for this class would be to create a social media platform plan. It is important to use social media to get your service/product out there, so how are you going to do it? Write a plan. 4. My biggest ‘aha’ moment when reading this book was when it was finally all put together. Building your foundation, assemble your digital assets, optimize your profile, attract more followers, and effectively integrate social media and blogging. All these...

26A – Celebrating Failure

A time this past semester that I failed was when I was doing laundry. And I know what your thinking, but your wrong, I know how to do my own laundry. Unfortunately, I just made the wrong decision on my part. I had a shirt that was relatively old and pink. I was doing a whitewash, and I thought, 'ya know I don't think it will run; its been in the wash too many times to do that.' But thirty minutes later I found out I was wrong and it bled all my other clothes in the wash with it. From this experience, I learned from it, and what I learned was to don't take a chance just to do another load. And from this story, I hope you all learn from my mistake. Failure is critical in life. From failure, you learn; you learn from your mistakes and more about yourself. I handle failure pretty well. I have been through a lot in my life where I have learned the hard way that failure is okay and what makes you a better person is to take on that failure and do better from it. This class has...