1) Read through posts
2) I think the most formative experience I learned from this class was developing and delivering a good elevator speech. Sometimes it is hard to sell something to people that know nothing about it, but this class helped me come up with a lot of good strategies to become great at it. I am not sure if there is anything specifically I will remember years later, but I will always remember this class. I am most proud of myself for completing all of the tasks. At the start of the semester I did not think I could put together a business plan like this, but now I have all the strategies to do so myself.
3) I think I do have more of an entrepreneurial mindset now after this class. Prior to the class I never really thought about ways to fix things when I got into a situation that did not have an answer. Now I always think about ways I can improve products if they do not work as efficiently as they could and other entrepreneurial ideas like that.
4) If I could give one piece of advice to students who are taking this class I would tell them to get all their work done ahead of time. Procrastinating in this class is not a good idea because you will miss a deadline at some point. As long as you embrace the entrepreneurial mindset and keep an open mind about what this class has to offer you, then you will succeed in ENT 3003.
Friday, December 7, 2018
Venture Concept #2
1) I believe there is a very good opportunity in the personal assistant field for me to create a company and maximize the opportunity. My target market will consist of private business owners of any age. I believe there is a need for a fast and easy way to match up college students that would work as personal assistants in select areas. An application or website that will allow you to search for a personal assistant in any specific field that the consumer needs. I want people who are in need of a personal assistant to utilize our college students who will be getting paid minimum wage for their services, while also earning significant experience in a specific field that they are hoping to one day be a part of. This will almost be like a part time internship. This will be an new innovative way to interact with people in your specific field as well. It will be like LinkedIn but we will aim to get the assistants our in their fields. I believe customers will use our product over other personal assistant finder sites because ours will be utilizing college students. Not only are our consumers getting the help they need in whatever field they work in, they are also helping young students earn significant field experience and help mold them into the future workforce.
2) I received all positive feedback from my original Venture Concept post. All of the students who commented on my original post believed that it was great the way it was and did not tell me to change anything about my post. I think all of the feedback that I got helped me realize that I need to organize my thoughts a little better. I have always been the type of person who gets a lot of ideas all at once and then have to get them all out of my mind at the same time.
3) Based on the feedback I received, I did not change much about my Venture Concept post. The only advice I received was to organize my post a little better because it was a little off chronologically. In my most recent post i separated all three parts in a more organized manner that fits better for a venture concept idea.
2) I received all positive feedback from my original Venture Concept post. All of the students who commented on my original post believed that it was great the way it was and did not tell me to change anything about my post. I think all of the feedback that I got helped me realize that I need to organize my thoughts a little better. I have always been the type of person who gets a lot of ideas all at once and then have to get them all out of my mind at the same time.
3) Based on the feedback I received, I did not change much about my Venture Concept post. The only advice I received was to organize my post a little better because it was a little off chronologically. In my most recent post i separated all three parts in a more organized manner that fits better for a venture concept idea.
Friday, November 30, 2018
Reading Reflection 3
I decided to read The Art of Social Media.
1) The general theme of the Art of Social Media is how social media accounts are influential to the marketing campaign of a company. This book goes into details about what someone who is starting to market their company should do in terms of marketing on social media. It talks about some basic ideas, but also is very specific in other regards.
2) I think this book really helped me see the positives of using social media marketing in order to have a successful marketing campaign. This book connects with this course because one of the biggest aspects of any new company needs to be their marketing efforts. A lot of entrepreneurs with small startup companies or ideas need to find an efficient way to market their product, and social media is the best way to do that since EVERYONE is on social media.
3) If I designed an exercise based on this book for ENT3003, I would have the exercise be all about online and social media marketing. I would have the students create their own social media advertisement and have the students come up with various ideas for marketing online.
4) I did not really have a big aha moment when reading this book. I think the only thing that really surprised me was all the different ways entrepreneurs can market their products on social media. There are countless ways to post advertisements online and on social media and there are even more strategies someone can use to market their product.
Exit Strategy
1) Prior to this assignment, I did not think much about my exit strategy. I think my plan is to build the business up over the next 5-10 years and make it worth as much as possible, and then ultimately try to sell it and make a pretty penny. The idea of building the business and then selling and investing in another company is one that sounds really good to me.
2) I selected this strategy because ultimately the goal in life is to make money. Once you build a company, there are aspirations to build something else and that is what i eventually want to do. Being able to sell my company for a large return and then invest in another company or come up with a new idea is what I would do if I were in that situation.
3) My exit strategy has not influenced the other decisions I have made in regards to my company. Going into this assignment I previously had the idea that I would build up the company to the largest it could possibly be, and then sell it down the road. The end goal in life is to provide for your family and to live a comfortable and satisfying life.
2) I selected this strategy because ultimately the goal in life is to make money. Once you build a company, there are aspirations to build something else and that is what i eventually want to do. Being able to sell my company for a large return and then invest in another company or come up with a new idea is what I would do if I were in that situation.
3) My exit strategy has not influenced the other decisions I have made in regards to my company. Going into this assignment I previously had the idea that I would build up the company to the largest it could possibly be, and then sell it down the road. The end goal in life is to provide for your family and to live a comfortable and satisfying life.
Celebrating Failure
1) Over the course of any semester, students are bound to fail at something. I am going to tell you about a time this semester when I failed at something. I was enrolled in a class this past semester that I did not find very difficult. I was doing really well in the class until I had some personal medical issues rise up. I was no longer able to walk to class every day to go to class so I had to drop it. I felt like I failed myself because I had to medically withdraw from a class that was not very difficult.
2) I learned that not everything is going to go your way in life. I have always been a big believer that everything happens for a reason, so I feel like the major lesson that I will have learned from this failure experience will reveal itself later down the road.
3) I do not think anyone enjoys failing something, however it is something that everyone experiences and teaches them lessons. For me, I deal with failure internally. It eats at me for a while but eventually I come to terms with my failures and I try to come up with a way to avoid failing again. Everyone copes with their failure differently, but for me this is the best strategy. I do not think this class changed my perspective on failure because everything this class teaches about failure is something I already knew. Failure is a good thing, as long as you can learn from your mistakes.
2) I learned that not everything is going to go your way in life. I have always been a big believer that everything happens for a reason, so I feel like the major lesson that I will have learned from this failure experience will reveal itself later down the road.
3) I do not think anyone enjoys failing something, however it is something that everyone experiences and teaches them lessons. For me, I deal with failure internally. It eats at me for a while but eventually I come to terms with my failures and I try to come up with a way to avoid failing again. Everyone copes with their failure differently, but for me this is the best strategy. I do not think this class changed my perspective on failure because everything this class teaches about failure is something I already knew. Failure is a good thing, as long as you can learn from your mistakes.
Friday, November 9, 2018
Elevator Pitch #3
2. Most of the feedback I got from my second elevator speech was very positive. I was not told to change anything from the feedback that I got. I think the feedback that I received from my first elevator pitch was enough to get my going in the right direction for the second one.
3. Based on all the positive feedback, I decided not to change much at all about my elevator pitch. This is roughly the same pitch with a few minor tweaks to the order in which I state things.
Reading Reflection #2
1) What was the general theme or argument of the book?
- The book Innovation and Entrepreneurship by Peter Drucker has the general theme of society being driven by more and more innovation and entrepreneurship. Without constant innovation and entrepreneurial ideas.
2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003?
- I feel as if this book reinforced my knowledge that I picked up from ENT 3003. To this point, I learned in ENT 3003 that innovation is the key to advancing society and this book just reinforced my previous knowledge of that.
3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve?
- If i had to design an exercise for this class based on the book, I would design an exercise that gets people thinking of new ideas all the time. The more ideas that one comes up with, the more likely they are to hit on one of the ideas and start a great opportunity.
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?
- I didn't really have a biggest "aha" moment when reading this book. I feel like because this book reinforced a lot of my previous knowledge, i was not really surprised when I was reading this book. If there was a real "aha" moment, it would be the moment I knew that all of the knowledge I learned from ENT 3003 is always applied to real world entrepreneurship.
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