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Showing posts from October, 2018

20A – Growing Your Social Capital

Domain Expert: This person's name is Alex, they are also involved with business like my and my family. They are older with business expertise and know how to start a business from scratch. This person fills the domain expert spot because they have conducted business together and knows what it takes to start a business from scratch. They understand product development and how to sell this product. The favor they are doing for me is offering their expertise, and their return is what royalty fee I pay them per unit sold. This person enhances my ability to exploit this opportunity because they have the expertise that and experience that I may not have yet. Market Expert: This person's name is James, and he is a hair barber. He works to cut hair, which is not exactly what this product is for. However, he can still be the market expert because the target audience for this product and his services is very similar. He is useful when it comes to advertising the product to people. H...

19A – Idea Napkin No. 2

You: I am an undergrad business student. My skills are talking to people, and I have experience in teamwork and working with others. My aspirations are to have a job that combines business and interacting with people, being able to make others feel comfortable. In my life, I see this business being a product that I would sue even if no one else does. I believe that as long as I stand by my product and will back it, it will show people my dedication to it and it will sell. What: I am offering a product that helps fallen beard hairs to be caught in a rectangular cloth, making it easier for people to clean. Who: I am offering this product to men who trim their beard or people who have to share bathrooms with men who trim their beard. It is a problem for other people too, not just the person trimming their beard. Why: People care because cleaning fallen beard trimmings can be a nuisance and this is a product that solves that problem. What: I have good people skills which set m...

17A – Elevator Pitch No. 2

I thought what was surprising was the enthusiasm that I was complimented for int he feedback I received. I feel that after watching the video, I could have been more enthusiastic. Based on that, I feel that I could be more enthusiastic and show more energy, which is what I tried to show in my video.

18A – Create a Customer Avatar

My customer has the hobbies of maintaining his looks and understanding that his looks always matter. He likes to trim his beard and keep things clean. They are people who are sometimes lazy, yet like doing things that are fun and efficient with time. They can be younger or older, just anyone with a beard that likes to maintain it without a mess. Probably someone who has this issue on a regular basis, so someone who trims their beard very often. I feel that I relate with the customer for this product. I am someone who trims my beard very often, almost a few times a week. This is a product that I can see myself using on a weekly basis. I do not think that this is a coincidence, since I got this idea based off an issue that I have and face on a normal basis. I love this idea and it is something that I can see myself realistically buying if it were real.

16A –What’s Your Secret Sauce?

1. The first way that I feel I have human capital that is unique is the way I think. I feel that I think a bit differently than other people, especially when considering what it is about other people that make them different or similar and how to use someone else's strengths or weaknesses to help them. I like to help people, which leads me to my next way I have human capital. My need to help people and make them feel good about where they are at and comfortable with their situation helps me be a helpful person in their life, which is very valuable to me. A third way would be my eagerness to grow. I think that people can never stop growing, and with that mindset, I know that I always have something to grow from or into, causing me to indulge in work and various challenges to see what I can accomplish. The fourth way I have human capital would be how I interact with people. Through different involvements on campus, I found that I have a knac...

15A – Figuring Out Buyer Behavior No. 2

For this assignment, I interviewed three people to see what alternatives they use right now to get out the issue that my product is trying to fix, which is the nuisance of cleaning fallen beard trimmings. One person said that they simply use a paper towel that is damp to wipe away the hairs and get rid of them easily and fast. This is a cheap solution and easy, so price would matter to this person. This person is a part of the segment that is more likely to buy this product online via an online shopping website. What matters most to this customer when evaluating if this product was worth the buy is the effectiveness of the product. If it is not effective, there is no point in wasting money for the product, they said. Since it does not guarantee all the hairs will be trapped and there is a chance that some fallen beard hair will still fall in the sink and cause them to need to wipe it with a damp paper towel anyway makes it hard to buy. The product would have to be effective in order fo...

14A – Halfway Reflection

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The behaviors I have used is to have a critical eye for the world around me. It is important to pay attention to the little details and the situations that you encounter in everyday life. Another behavior that I have chose to use is to question everything. More questions lead to more ideas for products or services that can solve that problem. There are moments when I felt like giving up. Whether it is having to do these assignments with some other studying that I have to do, or not fully understanding how to do an assignment. These are all times that I felt like giving up. However, knowing that it will be okay and being able to see the end goal has helped me to pull through and have that tenacious attitude, The experience that has contributed to this is simply being able to finish the work at hand in a timely manner and learning not to overthink things. Three tips that I would suggest to a future student would be to not wait until the last minute to do the assignments, to have good ...

13A – Reading Reflection No. 1

I read " Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future," by Ashlee Vance. What surprised me most about Musk is the fact that Vance had mentioned this was the first time he let a reporter gain the perspective to understand the inner workings of his life. As someone who is virtually a celebrity and who is public about his opinions, I find it surprising that she felt the need to mention that this was a big deal because it was the first time a reporter was studying him from himself. I most admire his ability to be involved in so many different things at the same time and try his best to be successful in all of them. Being involved in a business with solar panels, Space X, and Tesla for just a few, and is even busier with appearances and and meetings outside of that. What I least admire about Elon Musk is probably his sense of self-awareness and almost slight cockiness. He seems to think that his thoughts are most valid, and my personal beliefs are that people sh...

12A – Figuring Out Buyer Behavior No. 1

For this assignment, I interviewed three people to see if they have a need for my product, and if they do, then what their current solution to it is. Through this, I am looking at their need awareness and doing information search. These three people are in the targeted market segment of guys who trim beards. In the first interview, he mainly said that he finds a need for a product that collects fallen beard trimmings whenever he trims his beard. He trims every 2 or 3 days, so he has an urgent need for a better solution. His current solution is just to wipe the counters with a paper towel and to splash water around the sink until most of the hair trimmings are down the drain. In the second interview, the guy said that he sees a need for a product that solves the problem of having trimmed beard hair all over the bathroom counters. However, he says that he sometimes shaves and sometimes trims depending on his mood. For this reason, when he does trim, the hairs are very tiny and even harde...

11A – Idea Napkin No. 1

Who: I am currently an undergraduate business student with exposure to family businesses. My talents are talking to people and getting to know about them, giving them a peace of mind and being able to relate what I am trying to say well. My skills and experiences include being a part of various organizations that promote interaction and and have a large member base to gain experiences from. As being a part of an organization that talks to prospective students and guests that come to tour UF, talking and making them feel welcome is key. As captain of a dance team, compromising and promoting teamwork is something I do at every practice. Based on these experiences, I have the ability to make others feel comfortable. My aspirations are to do something that involves business and interaction. I have a passion for business as that is something that my family has engaged in, and I would love to fuse that with talking and interacting with people. This business would be a way for me to start a ...