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30A Final Reflection

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After summarizing all my blog posts for the summer for this ENT 3003 class, my knowledge on entrepreneuship really grew and has gotten better. In the beginning I started with not really knowing what the purpose of each thing was getting me to, but I found it. My high was definently my bug list, because I had so much fun writing that up! So was my reading reflections and create a customer avatar. Those were the most fun for me. I think my low point was my blog post on growing my social capital. Because I remember staring at the screen for a while to do this assignment. I also think cupcakes were difficult at first because I wouldn't finish watching the lectures, but then I realized I need to so my cupcake grades started going up. My moments of dread were to write 160 words for 3 posts in one day when I was so tired or busy. Since I've been abroad my schedule here is completely different because of the time difference. What sticks out to by my most formative experience is figuri

29A Venture Concept No. 2

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Opportunity My opportunity is to create a business that is located extremely close or on campus healthy, convienent, fast, and affordable for college students. My business will include cold-pressed juice, smoothies, proteins smoothies, Acai bowls, healthy portion sized meals (breakfast, lunch and dinner), and healthy small snacks. There are multiple groups that my opportunity focuses on. The people that have the need are health conscious students, Instagram Fitness Influencers, Instagram Food Influencers, gym fanatics, vegan/vegertarian students, on a budget for healthy food students, and people that just like tasting healthy food and want to feel good about themselves. These are the people that have the need and that are potential customers. The nature of the need is to fuel their bodies with healthy food to keep them energized and cleansed. The forces or changes in the environment creating this opportunity is we are having more students coming from the suburbs which is where they

28A Your Exit Strategy

I personally would not like to be an entrepreneur for the rest of my life. Therefore, an exit strategy would be very important if I ever do start up a company. Depending how successful my business becomes or I decide to start a family or something. I probably wouldn't sell my business in the next 5 years for a large return. Because knowing me, I like to be in charge especially if it's my start up. I would only sell my business in the next 5 years for a large return if I can trust the buyer with my business. I'd sell it for a large sum of money probably in my early 40's. Like I said, depending on other factors I would stay with the business for several decades and then retire early. I don't really mind to protect the venture as a family business and pass it down to my children. Because I care more if I select the best person for the job despite if they're related to me or not. I've selected this particular exit strategy because this is the type of exit strat

27A Reading Reflection No.3

1) What was the general theme or argument of the book?  The book I have chosen is called "Thinking, Fast, and Slow" by Daniel Kahneman. The general theme of this book is talking about the comparison of emotional and logical thinking. Daniel believed in two systems of thinking every day people have: System 1 and System 2. System 1 is emotional, fast, and impulsive. While System 2 is the opposite; slow, careful, and logical. It then continues with two other parts: Heauristics and Biases, and then Overconfidence. 2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? The book helped me connected with what i was learning in ENT 3003 by the systems of thinking and the overconfidence. 3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve? I would throw students an example on how to manage a business as a CEO and see which systems they use to control a huge corporation. The

26A Celebrating Failure

My failure actually happened Spring 2019 school semester, I was taking this class called Environmental Biogeochem. When I first signed up, I knew what I was expecting just from the name of the class itself. I told myself I was gonna try my all this semester so I can do well in the class. For each exam I studied by a specific way: I watched the lectures, study the quizzes, and went over my study guide. This wasn't enough though, I wasn't doing well (I was failing) in my exams by using these study tactics. Two weeks before my final exam I thought of a new study tactic that I normally don't use. I re-wrote my study guide, quizzes, and put all of the information on quizlet. After doing this I started going over my quizlet. I realized that I attain information more by writing it once or twice and it's easier to memorize from there. This helped me a lot for my final exam which actually helped me to pass the class with a decent grade! I learned that if you keep doing the same

25A What's Next?

Existing Market.  Step 1: Talk about what you think is what's next in terms of products and services for your venture. I believe what's next in terms of products and services for my venture are new meals, seasonal drinks, and more upgraded applicances in my business. Step 2: Interview three customers who are already part of the market you have identified, and ask them what they believe is next for a venture like yours. Describe to them your business, and simply ask "What should we be doing that we aren't planning to do?" Next, ask them about  your  ideas of what customers might want next.  All three people work in this type of industry and they all mentioned the same things. To keep it cheap, quick, very clean, and healthy. They said to start really working with the customers make more marketing and everything because that will help in the long run. If it's cool and hip, young adults will stay around. I asked them what they think about the loyalty progr

24A Venture Concept No. 1

Opportunity My opportunity is to create a business that is located extremely close or on campus healthy, convienent, fast, and affordable for college students. My business will include cold-pressed juice, smoothies, proteins smoothies, Acai bowls, healthy portion sized meals (breakfast, lunch and dinner), and healthy small snacks. There are multiple groups that my opportunity focuses on. The people that have the need are health conscious students, Instagram Fitness Influencers, Instagram Food Influencers, gym fanatics, vegan/vegertarian students, on a budget for healthy food students, and people that just like tasting healthy food and want to feel good about themselves. These are the people that have the need and that are potential customers. The nature of the need is to fuel their bodies with healthy food to keep them energized and cleansed. The forces or changes in the environment creating this opportunity is we are having more students coming from the suburbs which is where they ca