Posts

Venture Concept

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1. I am hoping to attract anyone that is single, and looking for a potential marriage partner. There are variations of businesses like this in our society, but there isn’t one quite like mine.  Unfortunately, the forces in the environment that helped create this opportunity for me is the decline in marriages, and with the hope that the trend stays this way, or that people prefer my method over anything else they’ve been introduced to is what is going to help keep my business standing. I wouldn’t say that the market is defined geographically, but towns with a high percentage of younger citizens do have a higher rate of single people rather than those populated by older people. Additionally the demographics for this market are just anyone 18yrs or older, and single. Other than that I want to promote diversity with my company, so anyone the meets the age requirement no matter the socioeconomic status, or race, or background is allowed to partake. The customers I have talked to are sat...

Celebrating Failure

I would have to say that the biggest thing I failed at this semester is overestimating myself. When this class first began, I thought I would be able to do this with my eyes closed, and be able to breeze through. I think after missing several assignments, I finally had a wake up call. Initially I would try to complete all my assignments before 12pm, and still go to my morning class. But it barely ever worked. This realization caused me to make adjustments to my schedule, and take this class more seriously. Though some weeks I was still busy, and tried to revert back to this lazy mindset, and ended up failing every time. One thing I learned was procrastination doesn’t work with every class. There are some class that are easy enough that you can do a great work hours before it’s due. But then there are classes like this that require actual brain power and needs more than a quick sit down to produce great work. Failure is really hard, but I think failure makes you stronger, and it make...

Exit Strategy

Whew! I haven’t really thought of my exit strategy. But, I think the world is fast changing, and I don’t see it slowing down any time soon. But, I think if the marriage rate in this country keeps declining, and people are still single, and like to party, then my business will stay relevant. In my opinion with the way is going, and it’s favor for electronic devices, I believe people will really appreciate my old school approach to dating while still trying to keep it as updated as possible. With all that being said I hope to protect my business and keep it within the family. But, this can change as each new generation comes in, and how society is doing at the time. I would hope that 7 generations later, and my business will still be standing. My thoughts are at every 10 year anniversary of the business the CEO can evaluate the business plan, and make a great decision regarding the business. Looking back now, I can see that this exit strategy is the best for my business, and all of my...

Reading Reflection

The book that I decided to report on is called: How to Fail at Almost Everything and Still Win Big. This book focuses on switching up our mindsets from wanting to reach a goal, but wanting to build a system. A goal is something that has many flaws, and may or may not be attainable, while the same can’t be said about a system. Additionally, the author made it a point to talk about risk taking. How to find a place where you are the most comfortable taking risks, and start there. There were many connections between the book, and the class that we are currently in, but the thing that jumped out to me, would have to be failure. Failure is something that’s necessary, and unavoidable on the road to success. This reminded me of an assignment that forces us to celebrate our failures. As we know nothing in life worth having is easy, and this book makes very clear, and falling down isn’t important. The most important thing about falling down is the way you get up and keep moving; what do you d...

30A - Final Reflection

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There isn’t a specific event that I’m proud of accomplishing, but accomplishing the class in general makes me very proud. Not just that but ending this class with a good grade makes me extremely happy. At first I didn’t understand why I needed to take this class, but after going through it, I have to say that I’m happy that I decide to stay. I think my joyous moment was watching my own growth, I would like to believe that I was always an outside thinker. But, I was extremely wrong, now everything I do, I wonder how can I make this better? This isn’t something I did before this class. Making the business that I came up in this class will forever stick with me, even if it doesn’t go anywhere. I have always wanted to be an entrepreneur, and here I am taking the first step. I do see myself as entrepreneur, mainly because an entrepreneur is more than someone owning a business. It’s someone who can identify a problem, and decide to be the change they want to see. It does include a lot of wo...

Reading Reflection #2

The book that I chose to read is called “Art of Social Media”, I chose this one because our generation is wrapped up in Social Media. If there is a way for young people to use what they love to put money in their pockets than, why not? The main theme of this book is just to help people use their social media accounts as a way to generate money, gain customers, and it my help you gain potential investors. I found a lot of common themes between the book and this class, in that it just helped emphasize all that I’m already learning right now. One of them is just professionalism. As an entrepreneur everything in our life is a reflection of us, and our business no matter what we think. Additionally, it made a point to tell us to listen to our customers, find our target group, and see what they need, what your community really needs, and “cater” to that need. I think a potential exercise would be to just browse through social media accounts and see what other entrepreneurs have found ...

Elevator Pitch #3

I didn’t really receive any feedback on my second elevator pitch. But, my second pitch did include some points that were made in the first pitch. My plan is to keep my pitch exactly like the second one, but a little more slowed down, and more interactive. I did find that on my third pitch it was less robotic and more natural. I felt like I knew the information way better than the first time I performed this pitch, it was actually my business. Video link:  https://m.youtube.com/watch?v=ZDV5ELwoe3Y

Growing Social Capital

1. Person 1 I had the opportunity to speak to a matchmaker from a company called “It’s Just Lunch”, her name is Abigail Warren.  She is fulfilling the Domain Expert Slot I found her by googling dating services near me, and calling the number on their website.  I talked to her under the guise of being a potential customer. I think in this way I was able to receive a lot of the information I needed without the pretense of me being a potential competitor. I think by gaining the knowledge that she gave me, I am able to better understand the market I would like to enter, and just get tips on how to choose people, and how to connect love matches.  Person 2 I had the opportunity to speak to a technical support expert from a popular website called “Match.com” his name was Julius Pascal. He is fulfilling the Marketing Expert position.  I found him by using google, I was able to contact him by email, and he responded with ample information, that I think would ...

Idea napkin #2

I unfortunately didn’t receive any feedback on my first idea napkin. As an entrepreneur I know that everything that I do isn’t going to become perfect on the first or the tenth try. Hopefully, on this second idea napkin, with a few minor changes, that I’ll be able to receive actual feedback. 1.  Who am I?  I am a second year psychology major with a minor in innovation. I am a Florida native, and I come from an extremely big family. I don’t really enjoy going out, I’d much rather stay in, and sleep, read, relax (by watching tv, going on social media, or listening to music.) I hope to one day become a criminal profiler, but I would also like to use my minor, and maybe have a small business on the side. I have limited experience when it comes to being an entrepreneur, and the business world. But the little experience I do have comes from my mom starting her own business when I was probably a freshman in high school. I don’t really know any details about the process, but I...

Elevator Pitch #2

Video link:  https://youtu.be/Bp1wM181Rk0 Feedback The feedback I relieved were not silly and outrageous. They were both spot on and insightful. I hope I was able to digest their feedback and produce it in my second elevator pitch. I enjoyed receiving their feedback because these are potential customers. As an entrepreneur I think it was a great way for us to get our feet wet, and see things from a different perspective. It was really impactful, because my business isn’t one that I want to be stuffy. I want it to be laid back cool, and from their feedback I know that I am not showing the culture in the best possible way. I needed to be more passionate and explain my business better. With all of this I’m provided an opportunity that not many other business owners are given. I hope you enjoy.

Customer Avatar

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With my business, I am hoping to have diversity. I want my customers to come from many different walks of life. But if I had to choose a book it would have to be any Dr. Seuss books. Our childhood is supposed to be the place where we love without conditions, and most people have read Dr. Seuss books growing up. I think it would be awesome for them to be able to connect on a deeper level. They don’t have any specific favorite politician, but they are apart of the Democratic Party.  The age of my customers don’t matter. But, if I’m thinking realistically, with the type of business that I’m proposing to have, I would say the perfect customer would be around 25 years old. I say 25 because at that age no think people are most likely emotionally stable, and ready for marriage.I think my customers no matter their age will feel young. I say this because I believe that love is supposed to make you feel young, and happy. My customer I would like to be believe is financially stable, no mat...

Figuring out buyer behavior

Once again I have interviewed three people who would also fit the buying segment. But, instead of people solely focused on finding true love, I interviewed three single people who are open to the idea of love, just not quite ready to actually be in love. The first person I interviewed was my older sister, who recently turned 25. Being in her 20’s she wants to just have fun. She isn’t in any rush, and she believes that when the time is right love will come to find her. One thing she did mention was that if she were looking for love right now, she would definitely use my service. It’s a way for her to unwind, have fun, and still find someone to love her correctly. The next person I was able to interview was my language teacher, he is recently divorced, and has small children. His recent divorce is what is stopping him from looking for love, additionally he just doesn’t want to get back in the dating scene too fast. But, he understands that the dating scene is changing rapidly, he menti...

Reading Reflection

1. I thing what really surprised me to hear was that Jobs had an extremely rough startup. He literally cane from nothing , and was able to build such a successful company that we know today. He used his surroundings to be inspired and propel himself forward, all throughout the book Jobs showed extreme tenacity.  Jobs mentions something called an RDF ( Reality Distortion Field). It’s basically him changes his reality until it matched what he seen in his mind. This is very inspiring to be because many times our surroundings don’t match up to what we are envisioning, so we basically give up. But, having an RDF forces us to keep working to have both our imagination and reality line up.  Jobs wasn’t the easiest to work with. So something I would say I least admired about him would have to be his attitude. He didn’t really appreciate the people around him. He tried to excuse his bad attitude with nice words, but that didn’t make up for the fact that he was very irritable and ...

Halfway Reflection

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At first I thought I was really going to struggle, seeing as how this is an entrepreneurship class and I’m taking this course at home. I didn’t really have faith in myself to do the work and stay on top of things. I really struggled with the cupcakes, and trying to keep up with the deadlines. But then I decided not to wait until Friday between classes to do work, but rather take about 3-4 hours one day a week and get Friday’s assignments done. Then Sunday night I try to watch the lesson videos and do my cupcakes, and then respond to post on Monday morning. I have found this has helped me dedicate the amount of time I need for this class without me drowning myself in school work. I wouldn’t say anything specific happened to me that made me buckle down and try my best to pass this class. I think my reflection of goals and what steps I was taking to achieve those is what really accelerated me into taking my grades, and school work even more serious. 1. Be real about your abilities. 2....

Figuring out buyer behavior 1

Segment:  Single people looking for a real love connection. Need Awareness: I the first person I was able to interview was my best friends father. One point in time he was married to her mother, but unfortunately their marriage ended in a divorce. He has been through many failed relationships including his marriage and he is now tired. He recently turned sixty years old, and hasn’t been a really successful relationship. His age is making him feel like he is nearing the end of his life, thus has no more time for him to find true love. He mentioned that he is extremely desperate and is willing to try anything to find love. The next person I was able to interview was my auntie, for as long as she could remember she has wanted to be married, and have a family. He age isn’t the thing that’s pushing her to be married rather her two sons is the force that is making her notice her need. She has always wanted to give her sons a father figure and a “real” family, but as they are entering...

Idea Napkin No. 1

1. Who am I? I am a second year psychology major with a minor in innovation. I am a Florida native, and I come from an extremely big family. I don’t really enjoy going out, I’d much rather stay in, and sleep, read, relax (by watching tv, going on social media, or listening to music.) I hope to one day become a criminal profiler, but I would also like to use my minor, and maybe have a small business on the side. I have limited experience when it comes to being an entrepreneur, and the business world. But the little experience I do have comes from my mom starting her own business when I was probably a freshman in high school. I don’t really know any details about the process, but I was able to see her do little things such as; maintenance, dealing with customers, adjusting prices, etc. l believe that the business that I have come up will play a huge role in myself because I could potentially benefit from the service, it could help financially, and it could also be a way for me to bu...

Elevator pitch

Testing the hypothesis part II

My ultimate goal is to come up with a product or service to aid the dating world, and to indirectly increase the marriage rates in our country.  Who: The first person I interviewed was one of my friends who is also a college student, but goes to college in a different state. My friend is a beautiful young lady, who is single but not really looking for a serious relationship. This reason alone would cause her to fall outside of my boundaries, because the final goal is marriage, and at this time she isn’t really looking or focusing on marriage. My second interview included a young man in one of my classes who is engaged to be married soon. He liked the idea of my app though he would have no use for it, which ultimately makes him fall outside of my boundaries. But, he stated that he wished he had something that made it easier to meet women, and potentially garnish a real relationship. The third person I interviewed was my roommate, she is a student here at UF, and at this time ...

Solving the problem

Opportunity: An innovative way to increase the marriage in our society, to help promote financial stability, better health in our society, and a decrease in crime rates. Service: I think the government should implement an incentive to marriage. This would in turn cause more people to become married, and for more people to stay married. The marriage would have to first be legitimate, and recognized by the state of residence. Additionally, there would be two random yearly therapists visits, and home visits to ensure true happiness, and a successful marriage. The actual incentive would be small, and would change based upon the years of marriage. Lastly, this small incentive would sadly be added with our taxes, but then a portion of that would be given back during tax returns. So essentially society is paying you, to be in love, and married.

Testing the hypothesis part 1

1. The problem that I would like to focus on is the declining rate of marriage in our country. 2. Our country strives off of stability of the family unit. Researchers have found that the breakdown of this unit is linked to many problems in our society  such as higher crime rates, economic stability, and poor health in our society. A. Who: I believe everyone is affected by this decline in our society. B. What: They are unable to reap the supposed benefits that marriage offers, such as better health, better economic status, and an increase in social mobility. C. Why: The family unit and marriage is a bond that our society depends upon for success. 3.  Testing... A. Testing The Who: Everyone that I have identified in my who shares this need. As stated before this is a societal issue; which affects everyone. B. Testing the what: There are no boundaries associated with this need. Increasing the marriage rate in our country is supposed to make the benefits of life, liberty, ...