Entrepreneurship

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? I intend to make a big business, and then leave it to my family. And everyone in my family will be able to help and continue the business. I intend to make it a family business, only family will be able to run it. 2) Why have you selected this particular exit strategy? I think it is the best strategy that I found and it is the one that I trust the most because people that I trust will help. 3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources? No, I do not think that this strategy c...

What was the general theme or argument of the book?  Daniel Kahneman's "Thinking, Quick and Slow"  The general point around this book is that you have in mind two mechanisms that continuously battle for decision power.  How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? This book helped me more financially when learning about the two main mechanisms that conflict with my decision making.  If you had to design an exercise for this class, based on the book you read, what would that exercise involve? The exercise would have many problems that students would have to solve thinking fast. What was your biggest surprise or aha moment when reading the book? In other words, what did you learn that differed most from your expectations? Just learning to not overthink too much.

1) Tell us about a time this past semester that you failed -- whether in this class, or outside of this class. Don't spare any details! It'd be even better if there was something you tried several times this semester, and failed each time. I failed twice on my class of microeconomics, I failed both midterms. 2) Tell us what you learned from it. I honestly learned that it is okay to fail, I always wanted to get good grades, and I used to worry too much about it. I mean I think that it is important to get good grades, but worry too much about it is not a good thing. 3) Reflect, in general, on what you think about failure. Failure is hard, isn't it? It's embarrassing, sure, but it also means that we have to change something about ourselves. Talk about how you handle failure (emotionally, behaviorally). Finally, talk about how this class has changed your perspective on failure -- are you more likely to take a risk now than you were just a few months ago? Failure is ha...

Existing Market. Step 1: The next step would be to try out the product. Step 2: I talked to three customers about the product, and they all said that the best thing to do now is to make the idea public. Step 3: Based on the customer's feedback that I have received from the customers, the idea will be successful. I see my venture as something that will keep on rising over time. I say this in the way it grows bigger and bigger, at one point possibly even internationally. New Market Step 1: I was targeting mostly international people, but having people from the United States there would be a great idea as well. Step 2: The idea would give other people the opportunity to try different types of food. Step 3: I interviewed two people that have the same need, and they said that social media would be the best way to advertise the project.  Step 4:  I learned that targeting different customers can be good sometimes. I was shocked to see all the good th...

1. My focus has been to detail a. Valuable: It helps me to see something that a lot of people do not b. Rare: It is quite unusual since not everybody is attentive to detail c. Imitableness: Yes, based on aims d. Not Replaceable: Not replaceable 2. Work hard  a. Valuable: Full effort will lead to huge success b. Rare: No, other hard-working people are in workplace c. Unmistakable: Yes, commitment d. Not Replaceable: Not replaceable 3. Finance experience a. Valuable: Allows me to evaluate expenses, sales and income and, if necessary, make improvements b. Rare: No C. No. Imitable: Yes, with knowledged d. Not Replaceable: Not replaceable

Opportunity  The opportunity that I have identified is that Gainesville does not offer any type of international food. The customers would be anyone who likes international food and especially international people living in Gainesville who have the need to eat some different food. I think that Gainesville is a great city for international people to live in, but the lack of international food sometimes prevents these people to live there. I think that it is a big business opportunity. Innovation The project will be a food hall, a street with many international restaurants there. The street will only have food from other countries. The food hall would contain about 5 to 6 restaurants. The selling would depend on which restaurant, but about $25 per meal. Venture Concept I think that customers would switch to this opportunity because Gainesville contains a lot of international people living there and having the opportunity to eat food from their country would be the best thing f...