Week 8 reading

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 

What stood out to me was the fact that there where so many ways on how to finance your company.

2) Identify at least one part of the reading that was confusing to you. 

The different points of where equity funding can come from is the most confusing to me. 

3) If you were able to ask two questions to the author, what would you ask? Why?

How to find the fast growing markets? I would ask him because I would gear my plan to these fast growing markets. I would also ask that at what point is better to equity finance then to get a loan?

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

No I do not. I feel that I am learning a lot from the author and able to apply these ideas to my ideas.

Half way Reflection

1) Tenaciousness is a skill. What are the behaviors that you have used (or developed) to keep up with the requirements of this course? 

I feel that one of the behavior that I have used was being able to space out all of the work in a way to create a daily task instead of doing everything a once. 

2) Tenaciousness is also about attitude. Talk about a moment or two when you felt like "giving up." What pulled you through? Do you feel like you've developed a tenacious attitude during the past two months? What experience or experiences most contributed to this?

I felt like giving up on some assignments when I had to speak to strangers. I still feel very uncomfortable speaking with strangers but I am getting better over time. Even though I pick and choose the assignment I will try my best to complete everything the next half of the class.

3) Three tips. What are three tips you would offer next semester's student about (1) fostering the skills that support tenacity and (2) developing the 'tenacious mindset' ?

Do everything as soon as possible.

Get out of your comfort zone

and try and create many small ideas and develop them. 

Week 7 Reading Reflection

The most surprising thing to me was how the market segment is separated by so many things based on peoples, age, demographic, what people like and don't. Also, how anything can be considered a market segment if enough people like it, which introduces markets. Next, the most confusing part to me is the categorizing and strategy of marketing. Therefore if I was able to ask the author any questions I would ask him how a specific strategy looks like and how it influences. There I disagree with the author

Elevator Pitch 2

This is my first pitch but I tried to take into consideration the comments and videos of other people that I saw. I mad sure that I created a pitch on the basis on what people would want and made sure it was easy, descriptive, and convenient. I believe there is room for improvement but as the idea continues than I would be able to be more descriptive and more resourceful.

Week 6 Reading

       Porters Five Forces

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 

I have seen this video and read this article before so there was not any surprises. Also, we I have study porters five forces in two of my previous classes.

2) Identify at least one part of the reading that was confusing to you.

How to apply these ideologies in a small start up. 

3) If you were able to ask two questions to the author, what would you ask? Why?

I would ask them to show me how to apply these business ideas to my idea.

I would also ask how those compare to other marketing and price point strategies such as the Four C's or Four P's

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

No I do not. I believe that Porters Five Forces really has defined what a real market analysis really does in tail.

Interviewing Customers 3

I did not due the other interviewing customers so this is the first one I did. I learned that certain consumers are more responsible than other. I learned from my interviews that about 2/5 people have a grocery list and the average young person waste about 20-60 dollars a week. As we can tell we will be able to create a larger and more consumer oriented list if I were outside of a grocery store where we can get people to sample the product or get test results from this type of consumer testing.

Idea Napkin 1

My name is Fernando Perez and I am offering the product of a lifetime. An app that will create a grocery list that will create a shopping list for you and give you the best deal in town based on your preferences and what you like to eat. You will be able to pick and chose what you want on this list based on your budget and it will give you choices based on the price and quality of the product. As a food and resource economic major what we want to create is a larger demand for a product or certain products and to get more people in a grocery store. We notice that when a person goes food shopping they are just grabbing things off the shelf that they do not really need. In stead with this app we will be able to create list based on budget and help save consumer money. This app will be offered to two different market segments. They will be offered to normal food shoppers who go to grocery stores to get there food. Also, this will be offered to grocery stores to be able to create online inventories to replace newspapers and coupons threw the app saving them money on marketing and advertising. I believe people will care because people are lazy and cheap. This app will save them money and time at the super market. I believe nobody has been able to create this Idea to a point that is very user friendly. I believe that with the right group of people we will be able to revolutionize the industry with this great idea. These pieces fit like a glove. I know the industry, I know the consumer, I am a consumer. I know that if I had something like this I will be able to save alot of time and money. Also, I would be adding components and making it even better.

                                                    

Week 5 Reading

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 

I read a lot of different entrepreneurial articles and different social media accounts which explain a bunch of these concepts and this chapter just put it even deeper in my head that all the steps need to be properly ordered and back up plans need to be in place.

2) Identify at least one part of the reading that was confusing to you.

The only confusing part would not be in the reading but in the application. Where would I be able to tell when and where these issues in my start-up would begin.

3) If you were able to ask two questions to the author, what would you ask? Why?

I would ask him about how he fells about financing a venture early and why? I would ask him this because I fell like that is a big key to failure of a lot of small businesses.

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How? 

No I do not only because of the face that this is a common plan of do's and dont's when starting a new venture.