Saturday, April 25, 2020

30A – Final Reflection

This is the end, friends!

1. Lots of great experiences. Love the interactions with all my pals!

2. What stuck out for me were all of the amazing readings I've read. I'll remember going for interviews for my entire life. The interviews were fortunately also the most joyous part and the the part I was most proud of. I did great.

3. I see myself only as an entrepreneur. Nothing more. Nothing less. I am certain I moved closer to developing an entrepreneurial mindset.

4/. To students in the future. Go with your hearts. No tips from me because I want you to be surprised by the sheer joy you receive from this class. To perform the best, pass the test. Foster that mindset by sleeping well!

Here is a picture!

Friday, April 24, 2020

29A – Venture Concept No. 2

OPPORTUNITY

     The product that I am offering with this venture is an application service that provides a more efficient way to save customers time when doing laundry duties around campus. With my product, people will be able to have a productive way to perform their laundry duties through incentivization tactics of offering a point based system for use that users accrue and eventually use for free laundry. This also include status updates to laundry cycles as well as any errors. The forces changing this opportunity are the laundry vendors and the institutions like universities for which they are held. Customers are satisfying this need currently with stopwatch applications on mobile devices. They are loyal to their product yet can be enticed with a better, more efficient product. This opportunity is potentially massive if properly capitalized on. This window of opportunity will be open for another 5 years until all laundry machines are integrated with more advanced software.


INNOVATION
   
     My application service will give users the critical power of being able to check the status of laundry on university campuses and potentially worldwide. Not only this, but there will a point-based system that incentivizes uses by the user. In this fashion, using the product will pay for itself and save customers the most valuable asset, time. I plan to offer the application on a free basis with a premium of $5 a month to use.


VENTURE CONCEPT
    
     The opportunity that I have focused on is the unfortunate byproduct of using university laundry machines for which there is no advanced system in place to alert a user of its laundry status. My service will save the user time and subsequently money with its incentivization aspect. The users will switch to this product because of this. Virility of the product will ensure that it becomes a paramount aspect of student culture. There appear to be no competitors in sight, with the only weakness being gatekeepers. Price points are fairly reasonable and customer experience will vary depending on laundry usage. I would organize this business by having it backed by vendors. A maintenance and marketing crew will be needed to ensure success.

THREE MINOR ELEMENTS

     The most important resource of the service will be its accessibility and marketability to college students. With my experience as a college student, I know my customer well. Also the product's novelty makes it hard to compete with. The next opportunity with my innovation will be its expansion to all laundry machines nationwide. Current customers will receive more benefits until its practically your job. In five years I want this venture to be a global pandemic level organization. I want to be all powerful. I want to rule the world. This is aligned with my vision since my conception.


REFLECTION

      I have made the decision to not revise my venture concept as my original one was already solid. Hope everyone enjoys the changes.

Thursday, April 16, 2020

28A – Your Exit Strategy

1. My business is...BOOMING. Or it will be in the next 5 years. I plan on taking this company global. This will not be the last you hear of my laundry application conglomerate. I will stay with this business until the day I perish. This will not be a family business. Only my own. This is my business after all.

2. I have selected this strategy because I am a one man show. I know my business like nobody's business. I have chosen the right answer to the right question. This is right.

3. My exit strategy perfectly coincides with all of my other decisions. They have been calculated and reassuring, as usual. I have so many opportunities to identify, but this is the one. I have grown so much and I will acquire all the resources. I can do this because my company is a success.

27A – Reading Reflection No. 3

The book that I have chosen is How to Fail at Almost Everything and Still Win Big by Scott Adams.

1. This was by far the most fascinating book that I have picked up in this wonderful class. It discusses the life and liberties of one Scott Adams. He details the fame, the fortune, the methods, and the success. By far the most valuable asset to this novel was the myriad of lifelong lessons that he hath bestowed unto us. So take heed to your time, and maximize your efficiency.

2. I particularly enjoyed this novel for its deep connection to the current lessons in the class. With the knowledge blessed unto us by Scott Adams, I have seen the truth behind my failures and I have learned to grow and always fail correctly - by succeeding.

3. An exercise possibility that would work tremendously in this class was advised to me by a dear colleague and I had to continue his words of wisdom so that I too may potentially facilitate its practice! I would have a student list future goals and then logically break down how to accomplish these goals! Success is inevitable!

4. Scott Adams is a card. He tells us not to focus on goals. What do we focus on? How do we achieve? But now I know you have to create a system. You have to prepare. You have to conquer your enemies. Divide. Conquer. Multiply. Add. Subtract. Quantify.

26A – Celebrating Failure

1. This semester I have failed harder than I have ever before. In honor of the great Kobe Bryant, I have been determined to make the classic "Kobe" shot of trash into my kitchen garbage can every day on the first try. Unfortunately (due to human error, gravity, and corona virus) I have failed greatly on this mission. In fact, on nearly all attempts except for the very last one, I have missed, sending my garbage tumbling onto the floor, leaving great heaping trails of the thickest lasagna this side of the Mississippi to clump in a decimated pile on the cold and barren tile floor.

2. From this tremendously unfortunate circumstance, I have learned perseverance and determination that has culminated to ultimately aid in my quest to become a leader and a positive character in my community. I have triumphed.

3. Failure...is easy. Success...is difficult. I now know that through my trials and tribulations we will overcome. I have handled failure in every way conceivable until there was no other possible means of failure except for success. This class has changed my perspective on failure. I am more likely to take that risk that I was hesitant to take a few months ago. The only way I know how to fail is by succeeding.

Thursday, April 9, 2020

25A- What's Next?

Existing Market

1. Continuing with my product I will develop its application in its its entirety.

2. Interview 1: Spoke on perfecting the incentivization aspect of my service.

Interview 2: Spoke about using my current network to test out my service.

Interview 3: Provided great insight into the laundry industry and how my service may have stringent opposite from this evil conglomerate.

3. I plan on having a mass marketing campaign to local universities and its students. This will include Instagram, Turlington Tabling, Turlington Flyers, and Turlington  Dissapointment. Subsequently I will expand to other states and other universities until I have conquered the entire world under one rule.

New Market: 

1. The new market that I have found is in family homes in order to expand the business to a more personal level.

2. This would be more successful with a highly advanced and creative marketing campaign to spread awareness and garner support.

3. The two interviews that I held explained that my product would be successful if I did indeed market with comedic overtones and longstanding silences.

4.      I learned that this new market provides many opportunities. I was extremely surprised by this. I am still in shock. All of my assumptions were correct. I have made it.
     The new market is much better than the old one. This one is newer. It also has many more people than just University students so I can expand as far as the eyes can see. I can expand as far the Internet, and the Internet is one of the biggest, most inconceivable things there is. Also on the attractability scale this is hot. Scalding. Hot. Scalding hot.
 

24A- Venture Concept No. 1

OPPORTUNITY

     The product that I am offering with this venture is an application service that provides a more efficient way to save customers time when doing laundry duties around campus. With my product, people will be able to have a productive way to perform their laundry duties through incentivization tactics of offering a point based system for use that users accrue and eventually use for free laundry. This also include status updates to laundry cycles as well as any errors. The forces changing this opportunity are the laundry vendors and the institutions like universities for which they are held. Customers are satisfying this need currently with stopwatch applications on mobile devices. They are loyal to their product yet can be enticed with a better, more efficient product. This opportunity is potentially massive if properly capitalized on. This window of opportunity will be open for another 5 years until all laundry machines are integrated with more advanced software.


INNOVATION
     
     My application service will give users the critical power of being able to check the status of laundry on university campuses and potentially worldwide. Not only this, but there will a point-based system that incentivizes uses by the user. In this fashion, using the product will pay for itself and save customers the most valuable asset, time. I plan to offer the application on a free basis with a premium of $5 a month to use.


VENTURE CONCEPT
     
     The opportunity that I have focused on is the unfortunate byproduct of using university laundry machines for which there is no advanced system in place to alert a user of its laundry status. My service will save the user time and subsequently money with its incentivization aspect. The users will switch to this product because of this. Virility of the product will ensure that it becomes a paramount aspect of student culture. There appear to be no competitors in sight, with the only weakness being gatekeepers. Price points are fairly reasonable and customer experience will vary depending on laundry usage. I would organize this business by having it backed by vendors. A maintenance and marketing crew will be needed to ensure success.

THREE MINOR ELEMENTS

     The most important resource of the service will be its accessibility and marketability to college students. With my experience as a college student, I know my customer well. Also the product's novelty makes it hard to compete with. The next opportunity with my innovation will be its expansion to all laundry machines nationwide. Current customers will receive more benefits until its practically your job. In five years I want this venture to be a global pandemic level organization. I want to be all powerful. I want to rule the world. This is aligned with my vision since my conception.

 

23 A - Your Venture's Unfair Advantage





Resources:


1. Potential Investors: Family
2. Access to University Officials
3. Access to Students
4. Connection to Bed Bath and Beyond Manager
5. Marketing Background
6. Partners willing to customize application
7. Creativity
8. Communication Skills
9. Experience in Leadership
10. Market Flexibility

VRIN Analysis:
  • Potential Investors: Family 
    •  Value: Very valuable. Supports product's invention.
    • Rare: Not Rare. Many different potential investors.
    • Inimitable: Copied easily.
    • Non-Substitutable: Other investors possible.
  • Access to University Officials
    • Value: High value. Gives contacts to other schools.
    • Rare:Not rare. Many school officials, most offices open to the public.
    • Inimitable: Easily copied.
    • Non-Substitutable: There are other markets one is able to access.
  • Access to Students
    • Value: High. Networking and target customer.
    • Rare:Not rare. Many new students every semester.
    • Inimitable: Very inimitable.
    • Non-Substitutable: Many students.
  • Connection To B, B & B Manager
    • Value:Somewhat valuable. Offers potential networking opportunities.
    • Rare: Somewhat rare. Not everyone knows managers at these institutions but contact is always possible.
    • Inimitable: Not very.
    • Non-Substitutable: Not at all. Many different laundry machine vendors.
  • Marketing Background
    • Value: Useful for business dealings and overall comprehension.
    • Rare:Not rare. Many people have marketing backgrounds.
    • Inimitable. Not very inimitable.
    • Non-Substitutable: Should be learned by all.
  • Willing Partners for Application Customization
    • Value: Very valuable. Useful for execution and maintenance.
    • Rare:Very rare. Specifically selected people.
    • Inimitable: Very inimitable. Specific team of people.
    • Non-Substitutable: Not very substitutable.
  • Creativity
    • Value: Can be applied in all areas.
    • Rare: Not extremely rare but not in everyone.
    • Inimitable: Inimitable to the person.
    • Non-Substitutable: Cannot be substituted.
  • Communication Skills
    • Value: Can be applied in all areas.
    • Rare:Not extremely rare but not in everyone.
    • Inimitable:Inimitable to the person.
    • Non-Substitutable: Cannot be substituted but can be compensated for.
  • Leadership Experience
    • Value: Can be applied in all areas.
    • Rare:Not extremely rare but not in everyone.
    • Inimitable: Inimitable experiences and application.
    • Non-Substitutable: Can be compensated for, but would be useful to have.
  • Market Flexibility 
    • Value: Very high. Allows for product's survival.
    • Rare: Very rare. Not all markets can transcend.
    • Inimitable: Very inimitable.
    • Non-Substitutable: Not substitutable. 
Top Resource: My top resource is myself because no one will get this done without me.

Thursday, April 2, 2020

22A - Elevator Pitch No. 3

 https://youtu.be/qt33Wn9_7k4

The feedback that I received on my last post was phenomenal! I could not have grown so fundamentally if I had not committed to developing such as broad range of ideas as given to me by my peers. This time, I stand the whole time and attempt to make it more personal.

This was by far my favorite and most successful pitch yet. Be prepared for a masterpiece, pitches.

21A - Reading Reflection No. 2

I read "The Art of Social Media: Power Tips for Power Users" by Guy Kawasaki. What I found to be riveting was his choice to mainly focus on the importance of social media in relation to business. This confirms my preexisting concepts about social media presence and its heavy influence on business success. In this fashion, putting all of your best assets forward will prove to be beneficial in the long run. The book truly encapsulates this concept, even going so far as to improve my overall conceptions about strategies and business concepts demonstrated through this class. A potential idea for a class-related exercise would be to have the students create a social media page and pitch said business in order to use the same strategies and practices presented in the book. This way you can surely grow you business in real time and see real-world results. Lastly, the biggest moment of clarity I had in the book was the idea that all aspects of life connect and that although social media appears to be a casual aspect of life, it also has professional application as well.

Thursday, March 26, 2020

20A – Growing Your Social Capital

1: The first person I interviewed is a UF service person (John Koshank) who is familiar with the laundry machines in campus. I found this person by actively going to the dormitories and seeking out this person specifically. The favor that this person did for me was share insight into the school's laundry services free of charge. Including this person into my network allowed for me to have valuable outreach into the specific market aspects that I will eventually need to understand to grow my service.

2: The second person I interviewed works for Bed Bath and Beyond in managing as an expert market supplier, Mr. David Aldrich. I found this person by going to Bed Bath and Beyond stores near my area until one person was willing to speak with me for a moment. The favor that this person did for me was share insight into the way the supply chain system is set up in order to deliver and maintain proper laundry products also free of charge. Including this person into my network allowed for me to better understand laundry supply systems and how to better my product with more proper answers to specific questions my market may have.

3. The third person I interviewed is a Moocho application representative, Julian Rodriguez as an expert in being in the market.  I found him at the corner of Chipotle. The favor that this person did for me was share insight into the service application industry in exchange for me using his application. Including this person into my network allowed for me to be more prepared in my marketing approach for future networking events.

Reflection: This experience shaped my ability to participate in future networking events for the better in that I now understand varying aspects of the industry that I had not before. This was different from my past networking experiences because I have a specific goal in attempting to grow my network.

19A – Idea Napkin No. 2

1) My name is Brandon Gin and I am a fourth year telecommunication: production major. My skills include leadership, efficiency, and creativity. I also come with a number of experiences that include four various part-time positions such as a server, bus boy, student assistant, and customer service representative. With these facets in place, I have aspirations of becoming a writer for a television show, more specifically something in animation. I see this business as a possible venture that I may decide to pursue if I have enough capital to commit to this entrepreneurial endeavor.

2) The service that I am offering is a more efficient way to save customers time when doing laundry duties around campus. With my product, people will be able to have a productive way to perform their laundry duties through incentive tactics of offering a point based system for use that users accrue and eventually use for free laundry. This also include status updates to laundry cycles as well as any errors.

3) I am offering this to university students, however there is potential for expansion to other users worldwide. All of these customers share the common trait of owning clothes.

4) This product is valuable as your time is valuable. By purchasing my service, users will be able to more efficiently control this seemingly chaotic and inconsistent aspect of their lives so that they may better put forth their efforts into more productive aspects of life.

5) What sets me apart from all others is a novel product under a creative format that gives back to its users.

I believe that my business concept is solid. I firmly stand with my product as it is mutually beneficial to users as it is for business. Not only this, but I believe that it will soon be a paramount feature for all laundry-users. Because of this large demographic, I can see this product gaining power and eventually becoming commonplace. With this, I find that my product is strong and does not hold any weak aspects.

Feedback Memo: With the overall positive reception I have received for my last napkin idea, I decided that perhaps it would be best to keep a majority of the information and remove a few grammatical inconsistencies! I also took off a few sentences that felt unnecessary. I am now ready and more certain with my concept and the success that that will bring about!

Thursday, March 19, 2020

17A – Elevator Pitch No. 2

Video: https://www.youtube.com/watch?v=3B53flIcsrU

Reflection: The feedback from my last video was astronomically profound! I thoroughly enjoyed reading all of the little notes made and critiques, but especially all of the wonderful positivity I received. It definitely bolstered my confidence! I was surprised the most by the pure admiration for my stage presence. Clarity, and conciseness was surely critiques that I took to heart this time around.

As far as changes go, I attempted to be more of a dynamic presence. I also attempted to be more clear and consistent with my message. This was a challenge, but I believe that I rose to the occasion!

18A - Create a Custom Avatar

My avatar depicts the ideal customer for my service. He is a low maintenance, academically hard working, but overall lazy college student who wishes to efficiently manage his time. His hobbies include going to midtown, going to downtown, and white water rafting. He drives a black 2014 Chevy Cruze. In his free time he prefers to watch South Park over Lego Ninjago if he has the choice. Children are not his favorite. He doesn't know why, but people can take a few guesses. His favorite books are War and Peace, and the Art of War. Politically he is ambiguous, but he claims he would not vote for Trump when he is around his liberal friends. Although he is only 20, he feels more in touch with 80 year olds. He is cool, but sometimes he is not.

I really loved creating this avatar because he and I are nearly identical. As a  college student with the same car I feel that we already have a fairly solid ground base. From there, I plan on expanding those commonalities until I am the avatar. This is especially important to understand the mind of my customer. The customer is always right.

Thursday, March 12, 2020

15A: Figuring Out Buyer Behavior No. 2

For my interviews I chose again a current student as well as two recent graduates that live off campus.The interviews proved that price was the largest factor in determining whether or not to purchase the product. Quality is also important, yet can be less important depending on price. The purchase will most likely be made electronically. The righteousness of the product is largely determined by the cost in consideration to the effectiveness of the product. If the product is not costly and remains effective then it will certainly be a good idea in the eyes of the customer. A bad purchase will have a high price and/or low return on investment.

Conclusion: All three interviewees, though different in backgrounds, gave relatively similar answers. The second interviewee was unique in that she believed that a well-made product will also be one that gives the appears of the being the highest quality, not necessarily the most effective. With this, I believe that a more user-friendly look is the way to go with this service. With this, I do not believe that there will be an issue as the price of the service should be relatively low, but I will certainly consider constructing a more appealing product to further reach the target audience.

16A: What's Your Secret Sauce

Five Human Capital Traits:

1. Heart: I believe that I have a compassionate and understanding heart.
2. Open-Mindedness: I believe that I can be very understanding and open minded to a myriad of perspectives. I get that I do not get certain things.
3. Artistic: I am very creative and am able to sketch cartoons and people as well as graphic design.
4. Humor: I pride myself in bringing humor to the world, especially when I'm with good friends.
5. Philosophical: I find that I tend to be very philosophical about life and take great heed to the wisdom of others and apply that knowledge to my life and subsequently give that back to those that need it.

Interview 1: My mother believes that I am the smartest person she knows, not unlike that of my Uncle. She also believes that I am extremely creative and funny and that I have a bright future ahead of me.

Assessment: I find this to mainly be true. At times I can be uncertain as to my intelligence as I make many mistakes and can be very forgetful, but I like the positive outlook.

Interview 2: My father believes that I am very artistic and intelligent. He feels very proud of me and believes that I will be more successful than he has been.

Assessment: Again, wary of the intelligence aspect. As far as success goes, I  believe that that is defined by the individual. To me, he has it all: a good family and a good time go a long way.

Interview 3: My sister believes that I am the smartest person she knows and can be very wise for my age. According to her I provide good advice.

Assessment: I truly appreciate the intelligence aspect and at times I do feel that I may think like an "old soul". As far as advice goes, as long as she takes something out of my past experiences and allows for those anecdotes to help her, I am grateful.

Interview 4: My brother believes that I am a strong leader and am good at finding a middle ground.

Assessment: I also take pride in attempting to be a good role model for my siblings. In regard to finding a middle ground, I always say compromise is key.

Interview 5: My Uncle believes that I have natural talent in art and writing.

Assessment: Coming from my Uncle that means a tremendous deal as he is a producer in New York. Hopefully these skills can be translated to the workforce and can allow for me to use my creativity productively.

Reflection: All 5 of my interviews were over the phone and my recording was not working so I have simply transcribed the gist of the interviews. I have found that while I may not have always had a positive self-esteem, I have come to believe in all the attributes that they believe me to retain. Thus, they are correct and I would not make any corrections to my list.

Tuesday, February 25, 2020

14A: Halfway Reflection

1) The behaviors that I have used to keep up with the requirements of this course would have to be time management, organization and consistency. By far, time management (especially in relation to other obligations) has allowed for me to keep a consistent schedule and ensure that my assignments are completed on time. Organization has allowed for me to understand how to efficiently execute assignment completion. Lastly, consistency has ensured that I always producing quality content on a regular basis.

2) The interviews for this course certainly can be disheartening if you were to either receive poor feedback or if your time management makes it difficult to find subjects. Regardless, persistence and sheer willpower allow for you to pull through. Because of this, I have certainly developed a rather tenacious attitude. The experience that most contributed to this was the consistency of assignments. Had it not been for the presence of weekly assignments that are similar in structure, I would not be as consistent with my work.

3) Three skills that I would offer: 1. Work ahead of schedule to ensure that all is completed, which allows you enough time to complete more arduous assignments. 2. Take effective notes so that cupcakes and assignments correlate and make sense. 3. Work to produce quality content.


Image result for cat hang in there

13A: Reading Reflection No. 1

1) The book that I have chosen for this report is The Wright Brothers by David McCullough. Perhaps the most surprising aspect of the Wright brothers' story is the sheer implausibility of their venture in comparison to their history. These men were not college educated and was not high status in regard to their family's monetary wealth. Among their many admirable traits is their passion and dedication to their experiment. Despite the many flight tests conducted and the substantial failures that they endured, the brothers continued to pursue this goal until their dream became reality. A rather lesser admirable quality that they possess is their lack of inclusion of their sister in the effort. Rather than the Wright Brothers, it should be the Wright Siblings or the Wright Family. This is due to the sister being a tremendous aid on their journey to creating flight. Regardless, these entrepreneurs faced adversity and failure numerous times. In these numerous times they had plenty of reason to give up their endeavor to pursue something more tangible. Despite this, they pursued on until flight became a paramount aspect of human culture.

2) A large competency that these men displayed was their dedication. Regardless of the huge feat they were tasked with accomplishing, they remained dedication to this passion. Eventually, the dedication turned a passion project into a fully-functioning worldwide system of flight, allowing for new sciences, travel, socialization as a benefit to all of humanity.

3) A confusing aspect of the book was the variation in emotions experienced by the brothers. These driven people remained almost stoic in their creation process, however the author allowed for life to be breathed into their persons as he gave new interpretations to previous conceptions.

4) Two questions that I would pose to these entrepreneurs is: "How were you so certain that the project would end up working?" and "Did you consider what other opportunities you would be forgoing by pursuing their endeavor?"

5) I believe that the entrepreneurs' opinions of hard work is that it is a necessity to turn dreams into reality. I too share this opinion, although at times I seem to lack motivation.

Thursday, February 20, 2020

12A - Figuring Out Buyer Behavior No. 1

1. The segment that I have chosen are people who live either on campus or near campus as they are within the targeted demographic as well as are the most likely candidates to purchase such as product.

2. The first interview that I conducted proved to be unique in that this person who lives in a fraternity house, while having his own laundry system, decided to export his clothes to a dry cleaning service. Because of his parent's well-to-do financial state, he decided that he forgoes cleaning his clothes himself and instead deliberately chooses to dry clean his clothes. Because of this insight, I have found that there is unforeseen competition with services that pick up and deliver laundry. Perhaps this will extend the venture rather than hinder it. This service would not necessarily benefit him directly, but if added to the dry cleaning service, it may become an additional feature.

3. In the next interview I chose a student who lived in an off-campus house. At this location, these students did not pay for their laundry so incentivized use would not work, however this did pose an interesting alternate route when it comes to laundry facilities in the area as they use a payment system for their services. Despite this, the off-campus house retained interesting features such as an outdoor laundry room and led me to speculate that perhaps there may be glitches in the system when in contact with environmental forces. Although those at this house may use the product, they worry about how these external factors would effect it.

4. The third interview comes from another student who lives off campus who simply does not do laundry for long periods of time. This person simply does not see the value in the product as he does not consistently perform laundry duties. Although this may be an issue for my product, I find that this is much more of a personal issue of hygiene so I feel that perhaps with a stronger marketing push, disenfranchised users such as this one would conform to my service's efforts.

Although some of these interviews opened my eyes to new markets and users, I have also found that there is a lot more potential for my product's future success. If not for conducting these interviews, people at the margins may not be able to be reached as easily as I would have hoped. Thus, my product may extend its reach in a number of various ways in the future.

11A – Idea Napkin No. 1

1) My name is Brandon Gin and I am a fourth year telecommunication: production major. My skills include leadership, efficiency, and creativity. I also come with a number of experiences that include four various part-time positions such as a server, bus boy, student assistant, and customer service representative. With these facets in place, I have aspirations of becoming a writer for a television show, more specifically something in animation. I see this business as a possible venture that I may decide to pursue if I have enough capital to commit to this entrepreneurial endeavor.

2) The service that I am offering is a more efficient way to save customers time when doing laundry duties around campus. With my product, people will be able to have a productive way to perform their laundry duties through incentivization tactics of offering a point based system for use that users accrue and eventually use for free laundry. This also include status updates to laundry cycles as well as any errors.

3) I am offering this to university students, however there is potential for expansion to other users worldwide. All of these customers share the common trait of owning clothes.

4) This product is valuable as your time is valuable. By purchasing my service, users will be able to more efficiently control this seemingly chaotic and inconsistent aspect of their lives so that they may better put forth their efforts into more productive aspects of life.

5) What sets me apart from all others is a novel product under a creative format that gives back to its users.

I believe that my business concept is solid. I firmly stand with my product as it is mutually beneficial to users as it is for business. Not only this, but I believe that it will soon be a paramount feature for all laundry-users. Because of this large demographic, I can see this product gaining power and eventually becoming commonplace. With this, I find that my product is strong and does not hold any weak aspects.

Thursday, February 13, 2020

10A - Elevator Pitch No. 1


9A-Testing the Hypothesis Part 2

Who: After conducting another five interviews and searching for prototypical customers that fall outside the boundaries of my product, I have discovered that this would not apply to people that use the time doing laundry to their advantage and stay in the area and those that do not have modern or typical mobile devices at their disposal. This does not, however, create a huge rift as the vast majority of people do not fall within this outside boundary category. For these sets of people I cannot at this time foresee a potential remedy to this as these people are already at a disadvantage with other aspects of the modern social-technological age. Despite this, the first group may be willing to assimilate as time proves the product to be more useful.

What: In these instances, there is less of a need, but rather a lack of a desire to have a need on the subject matter. For these people, the extra time not focused on laundry allows for them to direct their attention elsewhere. The other group has an extenuating need that may fall outside of my control unless a tag-a-long product is established to use in place of the mobile device.

Why: I believe that differences in priorities cater to the group who use the time to their advantage by remaining in the area. As far as the other group, I believe that this may be more of a socioeconomic issue, or perhaps a lifestyle choice

              Inside the Boundary                                                          Outside the Boundary

Who: People who value their time and desire                       Who: People who do not have the        
          efficiency when timing their laundry.                                     tech. or desire.
                                                                                   

What: An application to send notification and status           What: Lack desire or tech. but make do.
            updates.                                                               

Why: Students are forced to guess of inefficiently time       Why: Socioeconomic factors or lifestyle
           their laundry.                                                                          choices dictate.
          

Friday, February 7, 2020

8A: Solving the Problem

The opportunity that I have selected is a mobile application that ascertains a washing machine or drying machine's finishing time and creates a system to inform the user of the status and thus send notifications as to the completion of the laundry. For this endeavor I have chosen to create a subscription service that is incentivized by use that works to pay for the laundry machines after a certain amount of uses of the application. With the subscription service, not only is the commitment to the product less anxiety-ridden, but also allows for an easy payment system so that students at universities may cut time costs on doing the mundane task of laundry. The application itself will host a number of features including a status update of the laundry, the finalized time for the which the laundry is complete, and a notification system that sends out alerts to the user in order to ensure that said user knows when their laundry is done. Perhaps further technological advancement will allow for newer features such as indications of laundry errors, and detailed descriptions of how to properly take care of the specific laundry entered into the machine. With this, I believe that this will become a solid product that will be equally as successful as it is desirable in the market. Not only this, but in time the application should grow with technology instead of staying behind it and build on the progressive nature of things, serving us in the process.

Thursday, February 6, 2020

7A: Testing the Hypothesis

1) The opportunity I would like to pursue deals with viewing the time it takes for a student's laundry to be completely done so that the student does not waste time by attempting to guess at the laundry's status.

2) Who: Students at universities.
     What: Find difficulty in determining how long it takes to complete laundry and correctly return
                to not waste time.
      Why: A majority of schools have archaic technology in place.

3) Testing the who: Other people who share the who may extend beyond universities towards many
     other citizens who do not have an advanced technological system to ensure that they know
     exactly when their laundry is completed.

     Testing the what: Can all machines be compatible with a new software? Will the technology
     suffice without advanced technology in the machines?
   
      Testing the why: Modern technology has not completely upgraded all aspects of society,
      especially simple machinery like laundry.

4) After interviewing 5 students at the University of Florida, the prototypical customers, I confirmed that my suspicions about the potential growth in the area of modern technological advancements in the school's present laundry system were in fact correct and justified. It appears that there is clearly a necessity for such an issue to be tackled through a more modern perspective on the matter rather than through circumventing back around to find no concrete resolution as satisfying. All participants in the interviews agreed that the need certainly exists, however their prime concern regarded integration into the system, yet if possible would prove to be immensely beneficial to their daily practices. I also found that the "who" would potentially extend to the faculty as well as some of those members too use the facilities on campus. Despite this, all members suspected that an application would in fact prove to not only useful, but profitable and worth the investment as it would surely be used often. In examining the "what" portion, I have found more questions than answers as technological experts were not within my grasp. A student from the Murphree Area commented that she felt that the payment system may not be as well grounded if not incentivized. Besides this, another resident from Graham Hall questioned the effectiveness of the application when compared to simple timers on his phone. Regardless of this possibility, I have found that I need to not only produce a viable product but convince my target audience that this is a valuable commodity. In testing the "why", many people did in fact agree that technology may not have caught up in other facets of machinery, however there was also information ascertained from the interviews that led to me question about whether or not the schools would have to be involved in the process or if this may be a third party venture. Clearly, there is a need here that is being unmet and so perhaps this application may alleviate those stressors.

5) From conducting the interviews with students around campus, I have now understood that new questions have arisen from the topic, leading me to wonder how to find the answers to these issues. I find that maybe through further research and understanding of school policies I may be able to find solutions to successfully integrate my product into the system . With this, I feel positively that this will be a successful addition to modern university culture.

6A: Identifying Opportunites in Economic & Regulatory Trends

Opportunity 1:

a) https://www.inverse.com/mind-body/legalizing-marijuana-future-of-work

b) I believe that a significant opportunity may exist in the growing marijuana market as legalization as well as more research in its application drive the product towards economic success. This would have a tremendous effect on the individual, business, and governmental levels. With its legalization there is room for economic growth through taxation as well as overall exchange of goods.

c) Fortunately in this scenario, the average customer for marijuana are many citizens that simply desire it. This may span across a multitude of generations that use the product for a number of varying reasons.

d) After the legalization and further implementation for recreational use, the opportunity will surely be easy to implement, despite current legislation causing it to be difficult, especially through ensuring proper licensing and regulatory practices.

From my large indoctrination in culture, specifically that of modern America, I have come to this belief in this opportunity as talks of its potential have exponentially grown over the years, especially now. With this, it wasn't hard to formulate a belief in its success. With individual states and countries like Canada legalizing the product, it is a wonder to see how someone could not find the opportunity in the venture.

Opportunity 2:

a) https://www.bbc.com/news/technology-51393808

b) I believe that an opportunity may exist in this venture as self driving cars and overall automation appear to be the way of the future in order to cut costs. In the specific cases of companies such as Uber and Lyft, there appears to be a growing need to convert over to driverless cars as profit margins do not appear to currently be working in their favor under their overall business model. By removing the driver, the company is thus saving money, which in turn may save their business.

c)  The most likely customer are driver companies as they require these types of vehicles in order to yield a profit. Thus, on-the-go individuals that do not or cannot drive will be able to purchase rides from said companies, creating positive economic growth.

d) This opportunity is currently difficult to exploit as further testing and technological advances need to be made in order to ensure that no accidents or negative repercussions spurn out of the entire conversion of driven cars to driverless cars.

This opportunity came to me as I am a frequent user of ride sharing applications and by seeing growing trends in technology from the news I thought that an opportunity such as this one would prove largely beneficial to all parties associated.

Opportunity 3:

a) https://www.snopes.com/news/2020/01/31/trump-water-rules/

b) I believe that an opportunity exists in the deregulation of clean water as it produces a distinct opportunity for companies such as real-estate developers who before had to navigate through more strict regulatory channels in order to develop properties. Now, this same group will experience a reduction in the financial burden it may have had to undertake during the execution of said regulations.

c) The prototypical customer for this regulatory practice would be the companies that seek to develop housing on lands that channel various waterways. By removing this block, companies may not profit more and thus help spurn economic growth through a trickle-down system of finances.

d) I believe that this is easy to exploit as it has already been implemented and the subsequent benefactors of the decision are already using this to their advantage.

As a native Florida resident, waterways and real-estate development are naturally observable practices from my home town of Boca Raton. Through this, I found this concept rather easy to understand, especially in the marshy areas of South Florida.

Opportunity 4:

a) https://www.nbcnews.com/news/us-news/food-stamp-change-will-hurt-kids-educators-advocates-testify-n1131646

b) I believe that an opportunity exists in the changing of a rule to the federal food stamp program through a more stringent maintenance of a system that may have previously been flawed in its design.

c) The most likely customer of this are school children and families riddled with poverty. If a stricter system is placed to extend accountability issues, perhaps the budget for the program itself will increase with the decrease in users that abuse the system.

d) This will be easy to exploit as it is simply cutting off non desirable candidates for the program in favor of those that truly need the financial support and safety net that this program entails.

As a previous benefactor of such a program,  I found this concept easy to ascertain and understand. Although I'm uncertain of the exact impact this will have on all aspects of the scenario, I believe that there may be some real positive impact that it can create.

Friday, January 31, 2020

5A-Identifying Local Opportunities

Opportunity 1:
  • Article: Helicopter in Kobe Bryant crash wasn't certified to fly in poor visibility
  • Link: https://www.sun-sentinel.com/news/nationworld/ct-nw-nyt-kobe-bryant-helicopter-crash-20200131-p4rid47lxfcilmaxt74xd3yelq-story.html
  • The article shifts focus from the victims of the horrendous crash that killed 9 people, including basketball legend Kobe Bryant, towards the helicopter itself and the pilots that operate said helicopter. 
  • The issue found within the article is not necessarily in the conditions of the environment that established the crash, but with the certifications that pilots are expected to complete as well as the practices that the organization has decided to execute. Not only are these privatized pilots not given the same amount of training and certifications that other helicopter companies are made to complete because this is a private organization, but there was a lack of a second pilot that would have potentially been crucial in a time of crisis. The article states that there is a clear conflict of interest that outweighs the safety of the client in exchange of saving the costs of having multiple pilots as well as extended training. This creates a rift between the desires of the company and the desires of the customers that use this service.
  • The "who" of the matter is the helicopter company itself, Island Express. Not only did the company take a direct hit from the crash of one of its luxury helicopters, but the organization now has to reevaluate its practices in regard to its certifications as this creates a huge public relations scandal in the aftermath of the the tragic event. 
Opportunity 2:
  • Article: Sewage spilling to Middle River after another pipe break in Fort Lauderdale
  • Link: https://www.sun-sentinel.com/local/broward/fort-lauderdale/fl-ne-george-english-park-sewage-leak-20200130-bajdm5clwva67l36vivynpweu4-story.html
  • The city of Fort Lauderdale has had issues with sewage pipe bursting. The last pipe break was the seventh one in the past 2 months. This generated a myriad of issues, even potentially contaminating the Middle River and a park.
  • A few issues that arise from this happening is the lack of preventative tasks that may be completed to ensure that the pipes do not burst, as well as a deescalation of the problems associated with the already broken pipes. Furthering these sentiments, a number of other problems arose such as sewage contaminating a nearby river, and devastation of further land such as the George English park. Environmental, and health concerns are very present in this problem, so the city is tasked with first reacting to the current crises and then turning towards adding preventative measures to ensure that this does not continue to happen.
  • The "who" established in this issue is the city of Fort Lauderdale for first having to create a solution to expediently correct the lingering issue, and then creating novel ways to produce a maintenance or enhanced effort so that the problem does not continue to burden the city and thus the people of Fort Lauderdale.
Opportunity 3:
  • Article: U.S. reports first case of person-to-person spread of new virus
  • Link: https://www.sun-sentinel.com/local/broward/fort-lauderdale/fl-ne-george-english-park-sewage-leak-20200130-bajdm5clwva67l36vivynpweu4-story.html
  • The article details a man's infection of the coronavirus as the first reported case of a person-to-person spread in Chicago after his wife returned from Wuhan, China.
  • The key issue is not only in the dangers of the illness itself, but also the efforts to prevent said issue and create a way to cure these people inflicted by the illness. As of today it is reported that the virus has spread to thousands of people that are mostly in China, killing roughly 170. If not treated or prevented, this could become a catastrophic illness that takes the lives of many more.
  • The "who" of the article is the Centers for Disease Control and Prevention who are given the daunting task of creating a cure, mitigating the spread, and then creating preventative measures for ensuring that this illness does not become a larger epidemic. 
Opportunity 4:
  • Article: Amid backlash over anti-LGBTQ schools, Florida lawmakers push even less voucher oversight
  • Link: https://www.tampabay.com/florida-politics/buzz/2020/01/30/amid-backlash-over-anti-lgbtq-schools-florida-lawmakers-push-even-less-voucher-oversight/
  • The article presents a dissatisfaction companies have over schools that present anti-LGBTQ policies. These companies thus decide not to support providing funding for voucher programs that allow students that are low income to select a private school of their choice in order to have a more pleasant school experience if public schools are not providing the same level of care they desire. This issue is then taken up with Florida's legislature in which they proposed a bill that would trim the oversight the main nonprofit has over the administration of private school vouchers.
  • The issue in the article deals with the passing of legislation in Florida in response to companies withdrawing funding to voucher programs as they no longer support the tolerance of private schools with anti-LGBTQ policies.
  • The "who" affected by this are the schools who are now forced to answer to the new legislation as well as political and value-based oversight that blocks or challenges their beliefs regarding LGBTQ students and/or students of LGBTQ parents. 
Opportunity 5:
  •  Article: Person hospitalized after being struck with sword in Hillsborough County
  • Link: https://www.tampabay.com/news/nation-world/2020/01/30/person-hospitalized-after-being-struck-with-sword-in-hillsborough-county/
  • The article centers around Kurtis Lawson, who decided to assault another person with a sword.
  • The issue in the article is the ease of access people of prior convictions of assault-related charges being able to obtain weapons. This not only applies to guns, but in this case something less modern, the sword.
  • The "who" of the issue is a combination of the state of Florida for allowing this person to obtain such a weapon (with a lack of monitoring his dangerous habits), as well as the victim of the assault who received multiple upper body injuries.

4A: Forming an Opportunity Belief

     I believe that there is a large business opportunity to establish a notification system for the school's laundry machines.
     The unmet need primarily stems from the large disconnect between modern technology systems and the current laundry machines used here at the University of Florida. This need extends to nearly every student at the University of Florida that lives on campus, especially those that live in dorms. This is definitely not a new need as there has always been an antiquated system for performing weekly or biweekly laundry duties. In order to meet this need now, people simply watch their laundry and/or attempt to time the machines. Although this is certainly feasible, this is not ideal as many times an alarm or intended time may not reflect directly to the actual time that the machine is finished, thus costing the user real time that can be better spent on other ventures. By establishing a system that sends direct text notifications to laundry users, students will save themselves time in knowing exactly when to return to their laundry without question. In my perspective, there is a 100% guarantee that this opportunity exists and is plausible to implement given the right circumstances.

Interview 1: Student at Trusler Hall

1) How efficient do you feel the process of doing laundry here on campus is?
A: Honestly it really sucked. Back home I have a decent machine that cleans well and effectively. Hard to say how efficient it is, but I guess its not that efficient.

2) How often do you do laundry and is time a major factor?
A: I try to do laundry every two weeks. I kinda slack off so I usually have a fat load to take care of. And time is a big factor. It takes forever to get my clothes clean and I have no idea when it'll be done.

3) Do you ever incorrectly estimate your time doing laundry?
A: Yeah for sure. Sometimes I'm busy with other work and I forget or I think its going to be done at a certain time and the machine is just wrong.

4) How was your first experience with the current machines?
A: Honestly I had my mom do it for me back home so doing it by myself here is a pain. And the machines just suck in general so I'm not really too happy about it.

5) What is your current process in determining your laundry duration? Is this ideal for you?
A: I just set my alarm on my phone and it might not be ideal like I said because it either goes off and I forget to go or I go on time and the laundry is still wet. Never a good time.

Interview 2: Student at Murphree Hall

1) How efficient do you feel the process of doing laundry here on campus is?
A:  I think it works for me. but obviously its not the best!

2) How often do you do laundry and is time a major factor?
A: I try to do laundry every week and yeah I would say time is a major factor for me.

3) Do you ever incorrectly estimate your time doing laundry?
A: All the time! It's the worst.

4) How was your first experience with the current machines?
A: I've always done my own laundry at home, so I can say the machines here aren't that great.

5) What is your current process in determining your laundry duration? Is this ideal for you?
A:  I usually wait in the laundry room and study in the mean time. I don't mind it because it gives me time to think and relax and do multiple things at once.

Interview 3: Student in Fraternity House

1) How efficient do you feel the process of doing laundry here on campus is?
A: I live in the fraternity house so the machines are old and some don't work well at all. I've also lived in dorms and they're slightly better but not great.

2) How often do you do laundry and is time a major factor?
A:  I try to do laundry once a week. Might seem like a lot but I like to keep a clean house.

3) Do you ever incorrectly estimate your time doing laundry?
A: Always. I never get it right and sometimes I feel like I have the right time and then I get there and the machine is still going.

4) How was your first experience with the current machines?
A: Not a good one. Can say for sure that I wish I was home.

5) What is your current process in determining your laundry duration? Is this ideal for you?
A: I usually set the stop watch on the alarm app on my phone. It's not great, but it sorta works. Can say without a doubt there should be a better method

Reflect: From these interviews I can say that my prior conceptions about the opportunity are well grounded and hold merit. All 3 people I spoke to appeared to have similar issues when the idea was brought up, however the second person did seem to be more accepting of that fact and used it to her advantage in contrast to the other two that did not. Regardless, I believe that adding the system would benefit all parties.

Summary: The original opportunity still exists and is supported by the 3 people that I interviewed. This new opportunity is definitely accurate, but may appear more difficult in application. I know for certain that other schools such as Florida Gulf Coast have systems similar to the one I mentioned, however I propose a more efficient means to find that same resolve. I believe that entrepreneurs should certainly consider customer feedback, however I do believe that if the entrepreneur is certain of the success of their endeavor that they should continue on and capitalize on that as the concept or theoretical implementation may not be as well contrived as the actual implementation in practice.






Thursday, January 30, 2020

3A: Entrepreneurship Story

     In high school, I recognized that I had a huge necessity for money as my parents were urging me to pay for more of my own things so that I learn the value of a dollar. Unfortunately, despite my definite need to spend more, I was also at an age where I could not have a part time job yet (14-15). This dilemma brought me to establish an idea for which I would market myself as a dog walker. Although this is seemingly simple in concept, the marketing as well as the acquisition of clients was difficult at first to ascertain.
     With the help of my mother in casually speaking to other people with dogs in my neighborhood as well as posting signs throughout the community, I received a few calls for specific ventures. Eventually, I was received with positive feedback and the jobs became more frequent. Not only was I walking dogs, but also dog and house sitting along with a myriad of other odd jobs that follow in the area. With this, I was making enough money to spend on casual endeavors with my friends and family.
     This was a profound experience in that it taught me a positive work ethic as well as the concept of engagement in understanding the "who" of my natural market in order to seek an unmet need that I may fulfill. Eventually, this would lead me to have an efficient working mind in retaining 4 different part time jobs that I transition between in Gainesville and South Florida.

Image result for dog walking daniel radcliffe

I enrolled in ENT3003 in order to fulfill an outside concentration requirement for my telecommunication: production major. Hopefully, I will be able to utilize these concepts in entrepreneurship and express them throughout my time outside of college as I am soon to be graduating (hopefully).

Friday, January 24, 2020

Assignment 2: Bug List

1) Scooter parking by Keene-Flint Hall is too packed, making me late to class. A: Many students have scooters, but not enough parking to accommodate. It is also more packed depending on if a class period is about to start. 2) Attempting to start up a scooter in the early hours of the morning. A: The cold weather damages the engine and makes it more difficult to start. 3) Working at Newell Hall and having a late night shift from 2-7am. A: My work is open 24/7 and someone is needed to supervise the building. 4) People that blindly accept viral news as truth. A: Misleading headlines that catch attention combine with inherent laziness. 5) People hanging out in my room that leave game cube controllers and food on my table without putting them away. A: People are lazy and assume that I will clean up the mess regardless. Also forgetfulness and believing in someone else taking care of the problem attribute. 6) Paying $12 at Level 2 Club for a Moscow Mule after already paying $10 for cover. A: The business needs to make a profit among an already competitive market. 7) Seeing hamburger helper on my fraternity chef's menu. A: While I may not enjoy the meal, a majority of others might. 8) Drunk brothers attempting to sleep in my bed. A: Alcohol lowers inhibitions and distorts mental states. 9) Receiving weekly projects for Electronic Field Production. A: It is necessary to teach many concepts within a short time span. 10)Running out of toilet paper over the weekend at the fraternity house. A: The janitor does not work on weekends and brothers frequently use the restroom. 11) Having to lug my laundry to the laundry room on the outside of the fraternity house. A: Less frequent trips to do laundry allow for mass clothing build up. 12) Not allowing the use of computers of phones in Electronic Field Prod. II class. A: Allegedly it is more beneficial to write on a pencil and paper to boost creativity. 13) Being ghosted on tinder. A: People largely use the application when they are bored and thus rapidly lose interest. 14) Forced "ice breaker" exercises at Newell Hall. A: These exercises foster connections and allow for a larger pay check. 15) Children kicking seats during movies. A: Children can be oblivious and unaware of their actions causing harm to others. 16) My neighbor's dog Chloe constantly pulling at the leash and going everywhere except forward. A: Poor training led to improper walking routines. 17) Excessive service fees for food delivery applications like Uber Eats. A: Applications like Uber Eats attempt to turn a profit by tacking on service fees. 18) McDonald's on University forgetting items I ordered. A: Sometimes items get lost in translation, especially with a business that has many customers. 19) Having no clean underwear to wear the next day. A: Personal laziness leads to laundry not being taken care of. 20) People spitting while talking. A: This is involuntary and accidental, but happens to those more prone to salivation. In coming up for this list, I realized that it was more practical to think of basic things that I do daily instead of solely attempting to think of things that "bug" me. In going about this task with that method, I was much more successful and thus did not find it so difficult. Sometimes in order to solve an issue, looking at things from a new perspective greatly changes the results of the scenario.