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!

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.

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.

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.

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.