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Assignment 30A - Final Reflection

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1 2 I think the best experience for me was the elevator pitches, I felt like a real entrepreneur, not just a college student when I did that. I enjoyed the experience and I think it taught me a lot. Honestly, I am proud of myself for going out and getting interviews, once I decided to stop procrastinating. Once I finally got myself going, I made sure to get each and every assignment done. 3 At the end of this class, I really do see myself as an entrepreneur. I feel like I look at the world through a very different set of lenses now. I see opportunities everywhere I look. This new mindset helped me look into a possible occupation field because I was searching for opportunities. This class really has helped me develop a mindset that’s focused on finding problems, and exploiting the opportunity that they present. 4 To the students in the future, I would say to actually focus on your interviews. It is the hands on experience in this class that really helps to reinforce the le...
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Assignment 29A - Venture Concept No. 2

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    OptiPanel Venture Concept Write-Up          After extensive research, I believe that an opportunity exists to help people obtain a better and more fulfilling sleep each night with only the use of one product. Windows currently let in too much light for people to sleep well. By optimizing this and preventing all light from entering, nightly sleep can be optimized. The people who have this need are aged from 18-30 and are looking to maximize every single part of their lives. These people are often working multiple jobs, or taking more classes than they can handle. They need to squeeze every minute out of their days. These customers shop at budget minded stores because they are focused on getting every little bit they can squeeze our of their paychecks. This opportunity is prevalent across the nation for people this age. People currently use curtains or blinds to cover their windows however these products are inadequate. They let in light during ...
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Assignment 28A - Your Exit Strategy

After securing a dominant position in the market I would like to be come a large corporation with hopes of passing my business down to my son or a suitable CEO. Hopefully this company would be in a secure position in which it can be profitable for generations to come. I feel that this strategy will allow me and my family to maximize the revenue from this company. Even if my family was not running the company, they would still have a large ownership stake and board seats. This would protect my family for generations and secure their financial future. I do think this exit strategy is the culmination of my plan throughout this venture. My plan was to achieve a very secure position in the market and grow into a large corporation. This was always my plan from the beginning of this class. Thus my exit strategy is to continue this pattern of growth and profitability forever.
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Assignment 27A - Reading Reflection No. 3

  Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future This book's central theme is understanding Elon Musk as a person, how he thinks, and hoe he makes decisions. Throughout the book, the author writes how much Elon talks about he importance of persistence. He says that you can never give up. Elon specifically says that in order to have success we need to stick with things long enough until they work out. I think I would create an exercise focused around determination. It would force the students to persist long enough to reach their end goal. I would ask students to interview the same people for the duration of the class. This would be a great demonstration of persistence. While many of the students would likely fail, I could see this possibly being an extra credit assignment of sorts. The biggest surprise to me was when the author talked about Elon's childhood. He talks about how Elon was bullied as a child and he always had a bad relationship with ...
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Assignment 26A - Celebrating Failure

There have been a number of times this past semester where I have procrastinated my assignments in this class way past where I should have. One time I was travelling back home to see my family for the weekend. Friday, when the assignments were due, was the first day I was able to view them. I noticed we had a reading reflection. Sadly, I had failed to choose a book. I was not able to complete that assignment. This taught me to allocate my time more efficiently. I needed to start working on my assignments earlier in the week so I could make sure my interviews and prior readings are done before I begin. Personally, I have a grudge against failure. I never want to be the center of attention after I fail. It is a feeling that nobody ever wants to feel again. But now I am starting to see the benefits of failure. Each time we fail, we learn a lesson. We can apply this to our future endeavors so we don't fail as much.
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Assignment 25A - What's Next?

Existing market Interview summation - After asking 3 people who are already part of my market, I was told that I should look at other ways to optimize certain parts of people's day. I was told this would be a great way to ensure that my company will be sustainable and will not have only 1 product that it can rely on.         Path for the future - For the current short term, In should focus on starting my company and securing funding to actually produce my product. Then we would start manufacturing and larketing the foam panels until we are profitable. Once I felt that the company was in good hands and in stable condition, I would step back from the company and shift my focus towards a different venture.         I would start to focus on optimizing other parts of people's lives, Instead of just focusing on ways to optimize sleep, I want to find ways to optimize people's daily lives. This company would work on developing products to help with d...
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Assignment 24A - Venture Concept No. 1

      OptiPanel Venture Concept Write-Up          After extensive research, I believe that an opportunity exists to help people obtain a better and more fulfilling sleep each night with only the use of one product. Windows currently let in too much light for people to sleep well. By optimizing this and preventing all light from entering, nightly sleep can be optimized. The people who have this need are aged from 18-30 and are looking to maximize every single part of their lives. These people are often working multiple jobs, or taking more classes than they can handle. They need to squeeze every minute out of their days. These customers shop at budget minded stores because they are focused on getting every little bit they can squeeze our of their paychecks. This opportunity is prevalent across the nation for people this age. People currently use curtains or blinds to cover their windows however these products are inadequate. They let in light ...
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