Final Reflection Week 15

1.) Looking back at this semester I honestly would say that I made my fair share of mistakes in this class. I should have completed all the assignments, but due to some events to occur during the semester I fell behind. I wish I could go back and give a better effort. Time organization is very much need in this course and I don't think I properly utilized that.

2.)My joyous moment in this course was when I finally figured out what I wanted my venture to be. I found an idea that I have come to develop greatly over this semester and honestly want to keep pursuing my idea. I look back and realize without this course I wouldn't have had that mindset to develop my own venture.

3.)I can without a doubt say I'm an entrepreneur. I have gained so much knowledge over this semester and now have a complete different look at the idea of developing my own individual venture.

4.)My recommendation to students taking this course in the future would be do your assignments. Its plain and simple if you do the assignments, which you have plenty of time to complete then you will do great in this course. I made the mistake of falling behind due to certain events, but thats no excuse get these assignments done and enjoy the benefits of becoming an entrepreneur.

Week 15 Reading Reflection

1.) Something I found somewhat surprising in the reading was the fact that it mentioned the bottom of the pyramid sector having the possibility of being just as successful as the top. It was rather interesting to see how loans were just given out to women.

2.) Nothing I read in this reading seemed to be confusing. I would say the only point I did find myself even slightly puzzled was over the function of the loans. But after reading over and over I found myself to better understand the material.

3.)First question would be would you change anything about your study if you could? And second if you could take one thing away from this book what would it be?

4.)I didn't encounter any part of the reading as being wrong. The author did show the sexism towards loans during the time, which was rather shocking in a sense.

Venture Concept no.2

The opportunity for my app to flourish in our society is great due to the rapid demand of vegan friendly food. This would help vegan individuals find nutritional information in a quick manner unlike any app out there. This app is also geographically perfect in the sense that there will be a locator on the app that helps students or families to locate vegan friendly restaurants and grocery stores. My Demographic honestly is vast in that veganism is seen from a younger generation to an older mid forty age. Customers are having a hard time locating an app that can assist them in any questions regarding nutritional information. This app will be free at first, but eventually in the long run would like to incorporate a delivery type system.

Customers will value this app because we are assisting them in gaining the information of food products that are vegan friendly and also locating places that offer these vegan friendly products. Students will love this idea due to the assistance it provides for students worried about certain foods they are eating. Our location will be based out of an office where Ill have around 8-9 employees at the start and eventually increase in size over time.

My peers gave me great feedback. They believed that my app was something that would prosper in my market. This app is not seen in the market now, which means I can further develop and lead my market. I did receive advice on better marketing my app, which I am working on continuously everyday.

Celebrating Failure

1.) During this semester I have failed in multiple instances, but when you think about it failure is actually good. I attempted to build a website this semester as a project for my internship. This project was set in place to see how far I could progress in a short deadline. My site was built off the idea of business venture in this class. A site that would globally help those whom are vegan or nutritional people have access to a website that would locate restaurants, grocery store, and even have a social media presence to see reviews for certain restaurants or the quality of certain grocery stores. I failed though in this process as I took my time to develop the website and seek perfection.
2.)What did I learn that is an easy question to answer. By failing I was able to see what I needed to do to perfect my work. Failing made me want to prove that I could accomplish what I failed upon. I realized not everybody is perfect and that failing is a part of life. And that you have to just brush off your shoulders and move on to a bigger and better idea.
3.)I used to be that person who if I would fail I would simply just give up and have that thought of not being good enough, but as I have grown up I realize now that failure is a great thing. I know that sounds crazy, but failure on an idea doesn't mean simply give up it means make the idea better and eliminate what caused you to fail before. I for one in this class have learned that risk are worth taking. By learning about the concept of being an actual entrepreneur it has shown that a lot goes into having a successful business concept, but that failure is common and just shows that its inevitable to not face failure at one point in your life.

Week 13 Reading Reflection

1.) While reading through this weeks reading I found myself to be most surprised by the model of traditional pricing and how the net worth and salaries factor into the pricing becoming different. Another aspect was the checklist provided in the text showing the proper way to analyze a business, which caught me off guard.

2.) I wouldn't say I found myself too confused during the reading, but I do wish the author would have properly defined certain words that were commonly used through out like undercapitalization. The other minor confusion was on discounted earnings method.

3.) First question and that would be does avoiding start up cost eventually lead to an advantage. Second question I had is how could two business be valued the same, but one does not have a sufficient return.

4.) I didn't find anything in the reading to be wrong at all. The author did a spectacular job at properly describing mostly everything we read meaning terminology and using proper models.

My Exit Strategy

1.) When looking at my exit strategy towards my business venture I would easily say that I would stick with my idea and further develop it to where I see its full potential is being accessed. This would be of course give me time to further build up my business venture, which in my mind would flourish in the vegan world/ nutritional lifestyle .

2.) My goal is to  produce an app that can can dominate the mobile app world in producing an app that will not only provide specific details regarding nutritional values of food, but also through a location finder and the ability to provide reviews via social media that will connect an app that will bring together different array of age demographics. By keeping my company and building over time I think I will be able to eventually retire relatively early in my mind.

3.)I had honestly never thought about my exit strategy until this exercise came about so looking at my business venture I didn't factor that into what I wanted to accomplish. I do see now that I should have done this. But I see how having a different mindset towards an exit strategy can alter how you build your company. My sense the entire time was to build off this idea and create a company that I could further develop through my life and eventually retire. By having the potential backing of grocery chains and having little advertisements I can see further growth through my exit strategy.

Week 12 Reading Reflection

1.)In this reading I didn't find anything to be too surprising. I did find myself very confused on the SWOT analysis discussed in the reading.

2.)I found the strategy matrix to be somewhat confusing and wish more was discussed on the strategy matrix.

3.)My first question would be can you further define decentralization and second would can you in a sense explain the strategic actions?

4.)There was nothing that I disagreed with in this reading.