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Showing posts from March, 2018

Elevator Pitch #3

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Reflection: As I did not receive ANY feedback on my last post I'm assuming no one in our group watched it which is ok but I don't have much to reflect on. I feel that I changed a few points and the angle that I approached the problem I'm addressing from, and I maintained that in this video. What Changed: Nothing here changed because I didn't have feedback to base any changes off of this time.

Your Venture's Unfair Advantage

1. Conveniently Placed Valuable: Very! You don't want drivers to have to go out of the way to connect to an express lane. Rare: Not so much. Most places have various places for drivers to get on. Inimitable: No, most places are conveniently placed Non-Substitutable: Yes, if it is too far out of the way, people won't take it, so placement is key. 2. Saves Time Valuable: Yes. Using express lanes will save everyone time. Rare: No, all express lanes are made to save people time. Inimitable: No, they all do this. Non-Substitutable: Yes, if it didn't save people time, then they would not be needed. 3. Prices for Everyone Valuable: Yes! Rare: Yes. I've never heard of an express lane that allows people to pick different membership amounts to limit the amount of times they can use the express lane. Inimitable: No, Other places could begin but it would be difficult to change their system. Non-Substitutable: No, this can be substituted by something like a sunpass w...

Growing Your Social Capital

1. A Civil engineer in Georgia. 2. Domain Expert 3. My cousin is a civil engineer who just recently graduated, so she did not have a lot of experience, but she was able to get me in contact with a coworker who has been working for years, and I was able to sit on the phone with them for an extended period of time. 4. The favor they did for me was to sit down on the phone and discuss what they do for a living and then listen to my proposal and give me insight to its plausibility. And in turn and I told my cousin to buy them lunch for me and I used venmo to send her the money. 5. Now that I have an in with a couple civil engineers, I will be able to consult them when I need help with ideas concerning their specialties for future reference! 1. The head of a taxi company called "Curb" in Miami. 2. Market Expert 3. I googled taxi driving companies in Miami, Florida and called multiple until someone in charge was willing to talk to me for a few minutes ...

Idea Napkin No. 2

1. Me: As team captain of both my club and varsity soccer team, I've been captain for over 5 years. This increased my leadership and communication ability ten fold. On top of that, being a people person has increased my ability to communicate even further and aided in my ability to persuade others as well. I have aspirations to become some one to remember and someone in which my friends and family can look up to. If my idea were to pay off, it would benefit me and everyone else in the large surrounding cities who drive by decreasing the amount of congestion on major roads. 2. What am I offering to Customers? My service is an express lane in which I would put up on major highways which tend to constantly be congested with accidents or other incidents which cause delays in everyones day. Being able to get from point A to point B in a timely manner is a huge plus and benefit in everyones life! 3. Who are we offering it too? We are offering this service to anyone who lives in a...

Reading Reflection No. 2

How to Fail at Almost Everything and Still Win Big by Scott Adams 1. The general theme: There were a lot of things to take out of this book, but the book was generally about self improvement and how to better yourself regardless of surrounding situations. 2. How this book connected and enhanced my ENT3003 experience: Throughout the book, there were countless moments in which you could tie certain aspects of what the author wrote to Entrepreneurship. Explaining that there are more failures than successes is a common concept that we all know but tend to over look. Trying out new ideas by being an entrepreneur will most definitely follow along this path. But by knowing that with every failure you learn something that you didn't know before, you will be able to push forward and improve yourself and your ideas. 3.  Exercise based on book: I would say that students should find something simple and not too time consuming, but an activity that would improve them in some w...

17A Elevator Pitch 2

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Facts Stated: According to a  2011 study  by the AAA Foundation for Traffic Safety, there are over 1200 documented incidents of road rage throughout the United States every year. A  report  by  Seattle-based INRIX and the Centre for Economics and Business research found that in 2013, Americans lost $124 billion in wasted gasoline and productivity loss due to the time they spent in congested traffic.  Proposal: Add express lanes to major highways near major cities to dilute congestion! Reflection on Previous Feedback: I really appreciated the positive feedback I received from my last elevator pitch. There were no negative comments which allowed me to restate my previous statement but with more stats to aid in pitch! What Did You Change: As all the feedback was positive, I didn't change any aspect of the pitch, I just added in new facts and changed how I approached the subject so that it would appeal to a larger audience and keep you...

18A Create a Customer Avatar

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My customer's avatar is a man in his late 40's, with a family, and with a decent job in which he must drive 30 minutes to reach. His life has had many ups and downs but he is now living semi comfortably with his wife and 2 kids. On the weekends he enjoys to relax at home or head to the beach. He drives a four door sedan that's relatively new (within the last 4 years). He enjoys reading fiction books in his free time and has to wear thick reading glasses to do so. He is republican but had enough brain cells not to vote for Trump, and a majority of his friends are democrats. Both of his sons are in their early teens and both play soccer, so he has to drive them to soccer practice every Tuesday and Thursday after work at 6:30 pm. What Do I Have In Common? Much like the avatar I invented, I have to drive at minimum 20 minutes to and from work, sometimes more depending on traffic. I enjoy reading and relaxing on the beach, and I want to end up with a family that I prov...

Figuring Out Buyer Behavior No. 2

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My segment remains the same as it was last time. Middle aged men or women with families who drive 30 minutes or more to work. As a reminder, my service is an express lane in which people can take in order to avoid traffic or get to other places in a timely manner. For this segment, I interviewed my father and two of his coworkers who drive to NASA every day and live at least 30 minutes from their jobs. After interviewing them all, I was able to find out quite a bit about their preferences, and it turns out that they aren't all the exact same. It is difficult to cater to all three simultaneously even though they are all part of my segment, but where there is a will, there's a way! To sum up the interviews, it turns out that they all appreciate the convenience of online shopping instead of having to go out of their way to get something they want. In this case, it would mean that the express lane would need to be extremely convenient for them to use and not out of the way at a...

Halfway Reflection

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This is my first semester at UF, and there are a lot of big changes that you have to take into consideration. Coming from a smaller community college where minimal effort was required, I was not initially prepared for the amount of work and juggling all my classes as I should have been. However, you start to get in the groove of things after awhile. 1. Make sure that you do everything in a timely manner. You do not want to be a procrastinator because it is easy to fall behind. Time management is a major factor when it comes to your school work! Make sure you stay ahead so if something comes up you don't fall behind in your work. Life is unpredictable so prepare for the unknown as best you can. 2. Being able to balance your school work, job, moving into a new place, and moving far away from everyone you know can be extremely stressful. It is easy to look back and say, "I want to go back, this is too much and it was easier before." But if you do that you will never s...