30A- final reflection

1. After reading through my 29 posts I do have to say my high was definitely the post were we made up our business plan. We got to be creative and think outside of the box. A low was writing really long blogs sometimes to describe my business plan but I look back and reread it to myself and I am glad I did so. Some moments of dread were waiting last minute and not going so in depth.
2. The most joyous and formatting experience that I will never forget was the first time I watched the lecture and the professor had me laughing at the screen. He keeps it real and is not a boring professor which I enjoyed since he used the classroom setting a little differently. The most accomplishing thing during this experience is seeing my business plan evolve into something that many people will want or need to use in the future.
3. I definitely do see myself thinking more on the mindset of an entrepreneur. Making me think outside the box this whole semester and coming up with ideas I did not even realize I was capable of doing. By making this business plan I shocked myself and now I can actually trying to pursue this as a real business.
4. I would say be very creative and do not be close minded on anything. Some business plans you think sound dumb or wont last you will realize by the end that you might have a million or billion dollar company at your finger tips. Another tip I would give future students is to be organized and stay on task in this class. This class moves at a fast pace and he lets you do the assignments ahead of time. To adapt the mind set of an entrepreneur you just have to put your guard down. Once that happens your imagination will take over.

29A- Venture Concept 2

1.
Opportunity-
The opportunity for people all around the world with debt is a growing and growing. My business plan as an entrepreneur would help millions of people to prevent or lower their risk of being in debt. This turns out to be a huge factor to many since we all know that your debt does not leave you until you pass away, so it always lingers next to you. That being said if more people were educated on the loan or the information that they are signing off on then they will be a little more hesitant on getting one in the first place. Every year the statistics prove that everyone is getting nicer homes, paying for education, and nicer cars. All of this money adds up to someone that can not even afford it in the first place. It is a gamble to take on debt but millions know before that they will or it will take a very long time to pay it off.
1. The need- The need for this is crucial since many people are in debt or are going to any day from now. We need to make people aware that they can have a comfortable life without going into debt. Making this a known issue can make a huge impact on our economy.
2. The nature- The nature is everyone that is involved and since this is a road topic and business plan it is pertaining to many people across the world. These are the ones that need guidance or help to make better choices to have a stress free life from debt.
3. The forces that can change the opportunity- The forces that can change the opportunity would be the government, banks, and many other federal institutions. They would be loosing a large amount of money if people knew how to budget their money and financials accordingly.
4. Geography/ demographic- This is pertaining to people as young as 18 to the 90's or 100's, however old one person may live that has debt. Debt is all over the nation and world so it is not in one specific area but it is a known factor in the USA since many people do not even carry cash anymore and it just turned to plastic cards that you just swipe for.
5. How are they satisfied- They are satisfied by swiping or signing papers for large amounts of money to think that their life is going to be better or help with financial costs but in the long run the interest is going to kill them with the rates they sign off on.
6. How big is the opportunity- The opportunity is pretty big and can impact millions of people around the world. It is just very big since the need for this is at a large scale as well.
7. How long is is the window- I would say since I would have to go through government regulations and banking institutions that it would probably take 10-15 years to successfully be fulfilled how I would want it to be.
Innovation-
Product- This product does have competitors in this business like my fellow colleagues Peyton has stated. So I need to make the client a first priority and differentiate myself from others in the market.
Service- My service is not yet in the market and would be very beneficial to many people across the world. Since you can get your finances on your finger tips it is very easy for one to know how to budget and see if they can take out a huge loan or wait a couple of years when you are financially able to do so without paying crazy interests rates and knowing you are not going to pay it off. As feed back I want to make the client first. The product can be amazing but with out making the service stand out then no one will use it as someone commented on my prior post.
Venture Concept- 
 This issue is a very big concern to me and probably many families that suffer from debt yearly.As things in our economy start to get larger the amount of spending goes up since one may think they have more money to spend. I am not trying to make this known for just this class or assignment but to make it aware for everyone in the world and make an impact on other families lives now and their future.
Why make the switch- If you start to make the shift the consumer will not feel as stressed with the hanging debt over them and will be able to budget and use their money accordingly with the app and website.
First- This is needed to such a huge market and it is not even out in the market and millions or more can benefit from this.
Second- Make people more educated and aware for their financials instead of just signing your name on a paper and you have no idea what it is.
Third- I want to be CEO and partner up with many large banking institutions and have this a successful plan in 5 years.

2. The feedback that I received from my venture concept was all positive aspects of my business plan but I a couple of people said that there as similar companies in the field already doing this and you need to make yourself stand out. I had to redo and think of my innovation step on how I can truly be one step ahead of others while providing the best service and product as possible. I did those minor changes and it made more sense to me that everyone wants to be financially stable but the problem is by doing it not in a debt way. Fulfilling to not take a loan for any circumstance is my goal not for me but for my clients.

3. How I changed my venture concept like I stated in number two I redid my innovation to make myself stand out from competitors.

28A- your exit strategy

My exit strategy would be to have the business with me and pass it down to my children when I think they are ready to own and manage the company at my standards. This is huge to me because I truly feel like your family can only grow with a successful business. I would of course want them to go to college to learn business but it is all about what they will do and apply their skills to the business afterwards. I chose this one because each generation should be better than their last and by aiding my children to a very successful business will only make them have an easier life for them and their children. It has influenced in my business concept because with my plan I  would need my child to know about banking and the world of business so schooling is a must to know the fundamentals. I acquire to get this information for my son or daughter byt making them prepared for several years and seeing how I run things day to day and when I think they are ready that is when I will let go hand hand it over to them.

27A-reading reflection 3

Shoe Dog
1. The general theme of this book was about a mane named Buck and he had this crazy idea to import shoes from Japan to sell in the US. By doing this idea it evolved into a massive business plan that everyone thought would not work and how did he even pull it off.
2. This book connects with the class because on the first week of school we were told to come up with our crazy business plan and run with it the whole semester. Buck believed in his plan and that is why he has a successful business of Nike. He stayed true to the product and our professional says to own up to your mistakes and accomplishments because it is your idea and plan. In order to excel you have to think a little crazy or out of the box so it definitely correlates with this class.
3. As a classroom activity since everyone knows nike do a pitch on a design or creation of a sneaker or shoe you create and pitch why you think it should be sold worldwide. Who ever gets the most votes gets a little incentive from the professor which is totally up to him. I think this is a great way to be creative while still having the business aspect all the time. So far we have been expressing our business but if you make it interesting and creative then it can add some spark to the class.
4. What made my aha moment was Buck uses a lot of wisdom through out the book. He expresses that success does not come over night and it has to be built and being patient in the process. I think this is huge because people think they will come up with an idea and become famous or wealthy. That is not the case.

26A- Celebrating Failure

A time this summer that I kept failing at was landing an internship. Right before spring semester ended I still did not have an offer to a company and was feeling very discouraged. I kept applying on company websites, linkedin, indeed etc. Nothing was happening for me. I then got an email back from Jp Morgan to do an interview and this just made me have hope. I made sure I was prepared and was confident on any questions that they might ask me. I haven't heard back yet but I know the interviewing process at large firms takes a couple of weeks. By being persistent and motivated on what I wanted to accomplish made me determined to at least land an interview for the next summer. Also I did not leave my options all in one basket and kept applying to different companies to see if I can land something this summer as well. Always strive to have bigger and better goals for yourself.

25A- whats next?

What I think could be next is opening this business plan to banks and have them incorporate this into their lending side to show if you do need this loan these are the precautions that you will be taking. I would use the same to do schooling institutions with student debt that is on the rise.
existing market-
1. banks
2. universities
3. private lenders
I interviewed 3 people from each of these institutions and thought it was a great idea but it will never work they basically all told me. I asked why and they said they would loose so much money if people were going to be educated on how to budget their money and if their loan will harm them in the future with all the interest that will come with it.
My reflection to this was that I was amazed that all three institutions did not have their moral sense when talking to me about this issue. They were strictly numbers and they saw clearly that they would be loosing their numbers if this was added to all of their institutions
new market-
This can be any store that has a credit card option with them or a car dealership that you know that you are going to have to make payments on.
1. Macy's
2. Coral Spring's Autozone
I gave both places my pitch about my business and shockingly I had the same response from my existing market that I was trying to target.
My reflection to this is that all these corporate companies and firms see this as a treat to their business so it must be a good plan since it can help the consumer but reduce their earnings in interest in the long run. That is what really got them because they make so much money off of interest each month and if that lowers that is going to be bad for the business.

24A- Venture Concept

Opportunity-
The opportunity for people all around the world with debt is a growing and growing. My business plan as an entrepreneur would help millions of people to prevent or lower their risk of being in debt. This turns out to be a huge factor to many since we all know that your debt does not leave you until you pass away, so it always lingers next to you. That being said if more people were educated on the loan or the information that they are signing off on then they will be a little more hesitant on getting one in the first place. Every year the statistics prove that everyone is getting nicer homes, paying for education, and nicer cars. All of this money adds up to someone that can not even afford it in the first place. It is a gamble to take on debt but millions know before that they will or it will take a very long time to pay it off.
1. The need- The need for this is crucial since many people are in debt or are going to any day from now. We need to make people aware that they can have a comfortable life without going into debt. Making this a known issue can make a huge impact on our economy.
2. The nature- The nature is everyone that is involved and since this is a road topic and business plan it is pertaining to many people across the world. These are the ones that need guidance or help to make better choices to have a stress free life from debt.
3. The forces that can change the opportunity- The forces that can change the opportunity would be the government, banks, and many other federal institutions. They would be loosing a large amount of money if people knew how to budget their money and financials accordingly.
4. Geography/ demographic- This is pertaining to people as young as 18 to the 90's or 100's, however old one person may live that has debt. Debt is all over the nation and world so it is not in one specific area but it is a known factor in the USA since many people do not even carry cash anymore and it just turned to plastic cards that you just swipe for.
5. How are they satisfied- They are satisfied by swiping or signing papers for large amounts of money to think that their life is going to be better or help with financial costs but in the long run the interest is going to kill them with the rates they sign off on.
6. How big is the opportunity- The opportunity is pretty big and can impact millions of people around the world. It is just very big since the need for this is at a large scale as well.
7. How long is is the window- I would say since I would have to go through government regulations and banking institutions that it would probably take 10-15 years to successfully be fulfilled how I would want it to be.
Innovation-
Product- This product is one of a kind since no one has tried to help others to get out of debt or avoid it. This app and website can change the way that people look at their daily life and the way they will spend their money and will do it more wisely and cautiously. This product will be based on a mobile phone or a computer with your log in information and it is programmed exactly to your needs and wants as a user. This will provide the necessary needs that you financially can or can not do and give you a break down on why you can or can not do certain things with the risk next to it.
Service- My service is not yet in the market and would be very beneficial to many people across the world. Since you can get your finances on your finger tips it is very easy for one to know how to budget and see if they can take out a huge loan or wait a couple of years when you are financially able to do so without paying crazy interests rates and knowing you are not going to pay it off.
Venture Concept- 
 This issue is a very big concern to me and probably many families that suffer from debt yearly.As things in our economy start to get larger the amount of spending goes up since one may think they have more money to spend. I am not trying to make this known for just this class or assignment but to make it aware for everyone in the world and make an impact on other families lives now and their future.
Why make the switch- If you start to make the shift the consumer will not feel as stressed with the hanging debt over them and will be able to budget and use their money accordingly with the app and website.
First- This is needed to such a huge market and it is not even out in the market and millions or more can benefit from this.
Second- Make people more educated and aware for their financials instead of just signing your name on a paper and you have no idea what it is.
Third- I want to be CEO and partner up with many large banking institutions and have this a successful plan in 5 years.

23A- your venture’s unfair advantage

1. Human Capital- This one is crucial because you can hire anyone to do a specific task but you can not take away their knowledge and how they use it.
2. Social Capital- By knowing people in the industry it does help tremendously because then your networking skills will grow and it will make you more successful.
3. Financial Capital- Having the capital behind you can aid you in success but as we learned you do not always need much money or investments to back you up.
4. Capabilities- in order to have something so successful you need to have your standards and your goals on accomplishing them in order. When that is completed one can do very well.
5. Human Resources- With working with many people it is very important to have a team that also works well together.
6. Research and development- While staying current one needs to still be with times and see what is going on in the world with the technology and the development in the area.
7. Patience- This is big since some things do not always fall into place so you have to be prepared to have anything thrown your way.
8. Adapting to change- Many people do not like to change but as the world changes so does the company.
9. Teamwork- In this industry you need to focus on each other because when you work on a project or a task as a team it gets done faster and is more effective in the work place.
10. Gaining Share- Most companies do not want their employees to have share or say in their business but by giving incentives to employees, it makes them want to work at the firm.
** the most important one to me is human capital because you need to have the right people to successfully execute a task.

22A- elevator pitch 3

https://www.youtube.com/watch?v=66AAW7ySeE4

I only had one person give me feedback and it was all positive. What I did was keep everything the same and elaborated more on how to work the website or app and went more in depth with that. I didn't really have to change much since my feedback was positive so I just stuck to my good elevator pitch and enhanced it more by giving more details about the product. By not having much to change I switched the lighting and made it a little brighter and I also spoke a little louder to make sure my voice would come out clear in the video as well. Overall I did some minor changes but nothing that I had to work on to make my pitch any better than before. This is a great reflection to see where you have started and where you are with the class and with your ability to pitch a business and grow over time with it.

21A-reading reflection no.2

How to Fail at Almost Everything and Still Win Big
1. The general theme of this book is to focus on yourself by sleep, exercise, and food. With all of those at hand then you worry about your financial position and after that then you worry about your family and friends. He said that you have to want to get up in the morning and love what you do. By failing over and over again one business plan stuck and he won big.
2. This book connected to this class because it shows that to never give up but I think most importantly love what you do. Majority of the students that are taking this class are business students and we all find a love or joy about learning the world of business. By taking this class it is one step further to our dream and being happy with ourself.
3. Scott Adams refereed to those 3 key components of his daily life. I would say as a class activity the professor can ask the students to come up with 3 different things that make that person happy or sane everyday. It can be anything that the student chooses and give a little explanation on why this is and means so much to you on your everyday life.
4. What made my aha moment was when in his book he stated to still and use your imagination and not worry with reality. I thought in my mind we don even imagine anymore we did that as children and made believe crazy things were in our minds. By being imaginative he says it opens your mind to new opportunities and maybe a new business as well. Stepping out the box is much needed when you are finding a new business or inventing something completely new.

20-A growing your social capital

1. Travis, he is a personal banker at BB&T bank and studied business at his college he attended.
He is my domain because many people come to him daily to take out loans or get new bank accounts with him. This is perfect because he sees day to day people already setting themselves up for damage.
I found him by just going to my local bank weekly and cashing or depositing my check and after a while we grew a friendship. The favor that Travis has done is help me with my financial status while being a student be has helped pave certain areas so I succeeded financially. By including Travis he is my connect with a large national bank and if I can say a pitch to one of his managers it might be very effective.
2. Jason, he is a mortgage lender and he studied accounting at USF. He is my expert because when purchasing a property one needs to get approval of their credit, assets, and so on. He is around denying and accepting loans on the daily. How I know Jason is because my current boss, this is her husband and he comes into the office time to time and we have small conversation. The favor that Jason has done for me is hear my pitch and try to talk to some investors he works with to try and make this work. By including him he will be a major impact because he is around loans and lending money everyday and with the experience that he has I think will be key.
3. Erol, he is a salesman for health insurance and studied business at his university. He is my supplier because he is great with people and truly knows how to connect with them on a more relatable feel. How I know him is because he is my older brother and I simply just called him about my plan and he was on board. The favor that he would be doing is selling the best version of my business to potential markets that are willing to invest in. My including Erol, he will use his connections and his gift to sell and that is what will make him an asset on my team.
Reflection: I realized they all have business backgrounds by all focused different things in life afterwards. By having a common ground and then branching off into different areas will really broaden my business and my network with it. All three men will be a huge gain for my business and by putting our knowledge together will only make this company excel.

19A- idea napkin no.2

The feedback that I received for my fellow classmates were mainly positive feedback and they did not really criticize me to change much or anything.

1.You- I am __________ a UF general studies in mass communications business student. I am great with team work environments and connecting with people in all different situations. I have just received my Florida real estate sales associate license since I have a passion for real estate. My aspirations in life is to help people that have debt lower it or try to avoid it at any cost for them in the future.
2. What are you offering to customers?- I am going to make a website that hits all the points on debt. All the different types and how to avoid them when you put your personal information in. It will do a data analysis on your credit, income, and to state any other factors of financial standing in your life. It will have a summary of all the different options of not going into debt and the best option that is personalized to you.
3. Who are you offering it to? - I am offering it to anyone starting as a high school graduate to a retired person. The range is very broad since I want to help a large amount of people. These are people that already have debt or on the edge if they should take out a loan and then potentially go into debt. All of my customers have in common are needing more money for a specific situation that is relevant to them.
4. Why do they care?- They care because it is pertaining them now and in the long run. Financially being in debt is not something people look forward to as the interest gets higher and you still have payments lingering every single month. This will help them manage and control what their current money status is and try to build it without getting a loan and going in debt.
5. What are your core competencies?- What sets my business apart from everyone else is that we give people options on how to avoid debt rather than getting them into it. Most firms or companies will offer certain loans that will benefit that company but not the consumer. My business will work the other way around and it will be in favor of the customer 100% of the time. What we have that no one else does is that we personalize ever data analysis according to that specific person which is very nice and not going off of a basic chart for the general public.

Two feedbacks that I am going to take away are:
1.Definitely go more in depth with my 5 points.
2. Making the process easy for the customer.

18A-create a customer avatar

For my business I chose a middle aged woman. She looks stressed with what is going on in her life. She has two kids and is financially unstable, it is the end of the month. She drives a silver mini van that tends to break down from time to time. Her hobbies are trying to relax after a long night by drinking wine to unwind from that day. She is in her mid- thirties but physically and mentally she aged tremendously and feels like she is in her mid fifties. Her husband left her a couple of years ago and she likes to read hopeless romantic novels.

What I have in common with her is that sometimes at the end of the month and I see certain bills I do get a little stressed out and sometimes do not even remember that I bought what I did.

17A- elevator pitch 2

https://www.youtube.com/watch?v=alA_efamIgU -youtube
The feedback that I got back mostly was about linking the debt website and app to a big bank and seeing if they can work with me to help this business grow. I took that into consideration and focused mainly on that in this video and how it would work for a customer that would use my product. After that, All my other comments on my first elevator pitch were positive and people said it was good so I was just myself and explained my business plan.
The change I saw from my first video to the one I am doing now is that I look and feel more confident when I am talking and how I am standing. You do not realize it in the moment but looking back almost a month ago, it is like a whole different person.