Rachel's Principles of Entrepreneurship

What Makes Me Special? Teachers ( V - Teachers are very valuable because they are the initial giver of information to the students; R - I don't think teachers in general are rare but finding the perfect teacher is rare in my eyes; I - Teachers have their own individuality and have different teaching styles so I think it would be hard for others to copy them; N - There are other resources that do the same thing as teachers)  Textbooks ( V - Textbooks hold value because they are supplementary help to students that are learning certain material; R - Textbooks can be found anywhere so I don't think they are rare at all; I - I think it could be easy to copy from textbooks because there are so many out there; N - There are a lot of other resources that could be used with a textbook or in place of one) Online Resources ( V - Since the Internet has become a big part in people's lives, online resources can be very valuable; R - I think there is online resources for anything so they ...

Mindset of Success The original theme of the book is the psychology of success and how to achieve it.  This book connected with what I'm learning because I think it gives me more insight on the topics that are talked about. Not everything is just words and numbers on paper, it runs deeper than that. having the right mindset is always important when making a new product and starting a business.  I think the exercise I would design for this class would be something along the lines of brainstorming different topics. Brainstorming is a great way to get your brain working and to look deeper into topics. Reaching just the surface is not enough for something like entrepreneurship. I learned that psychology is something that is very prominent in thins industry. There is a lot of instances that requires you to dig deeper and realize what you really want with your business or yourself as an entrepreneur.   

Growing my Social Capital Study Edge program in Gainesville, FL. They are a tool used by a lot of college students to help them study and gain good grades as a result for it. This is mostly used when students have exams coming up and want to have an extra security blanket when it comes to studying.   The slot they are filling is the domain expert. I found them because I see a lot of my classmates using them and when I would ask about extra studying tools, they would always recommend Study Edge. I have used them once before so that is the only exchange we've had. I was fairly pleased with the service and how much extra help it actually was.  If I were to include them in my network it would be beneficial because they could give me insight on how to go forward with my business because they are under the same category. They could tell me the ins and outs of running a business like this.     Smokin' Notes program in Gainesville, FL. This is another popular ...

Idea Napkin #2 I am a student at UF looking to see if I have any potential to be an entrepreneur. I'm still in the workforce so I have experiences with how to handle customers and feedback from my higher ups. I am very goal-oriented so making up this product for the class made that part of me fired up. I think if this business were to take off, it would take over most of my life in the best way possible. I would always want to find bigger and better ways to make myself and the business better.  I am offering customers extra work they would have to do at their fingertips. Usually, students would have to go out of their way to find the right study materials so they make sure they pass exams. With my product, it eliminates all of that so they spend less time looking and more time studying.  My study program is open to all students all ages from kindergarten to university students. All of the users will mainly be students getting their studies done but parents will also have acces...

Create a Customer Avatar     If I were to explain my customer avatar in one sentence it would be "a honors high school student that likes to have fun outside of school". This customer loves to do a lot of  things that don't include having you're head in the textbooks. She's smart so she makes sure school is first and then once that is done, she is able to have fun and do some of her hobbies. Those hobbies include shopping, playing sports, hanging out with friends, listening to different types of music and reading new books. Since they are excelling in school, her parents rewarded her with a brand new car when she got her license. This car would be something along the lines of a Honda Civic or a Ford Focus. These are cars with great gas mileage and also have a sleek look to them. They are great first cars so that's why her parents chose between the two. Even though my customer is a honors student, the had to work hard to get where she is at. She had great study...

Figuring Out Buyer Behavior Part 2     With my demographic, I interviewed three college students this time instead of just regular high school students. With my service, I think that college students would be the ones that would be wanting this service the most.  When interviewing them they all thought the same thing, if the quality of the service does not match the pricing then it is not worth it to actually have the product. With studying services, there is a lot already offered and catered to college students. To break that part of the market I would have to grab the college student's attention for my product to do well. When asking the students this, they thought that my product had that sense of uniqueness and has the potential to break through this demographic.      My segment is mostly going to end up buying my service online. It is an online service so there will be no way to get anything in-person at a store or a library of some sort. With that in ...

Halfway Reflection  Some behaviors that I've picked up while taking this class is looking more in-depth in businesses. Learning about entrepreneurship has opened new doors for me and has me looking more into businesses that I know to learn even more about everything. Relating back to the class, I've gained the habit to try to be on top of my assignments. With that, I've been setting reminders to make sure I get these assignments done on time. Setting those reminders has been helping me with my procrastination because I tend to fall into a big hole where all I do is procrastinate. With three assignments a week, that is not a good habit to have. Staying on top of assignments has helped me focus more on the material and actually learn from this class.   I've felt like giving up in this class only once and that was when we started doing interviews for some of the assignments. I wasn't taking my "product" seriously so I didn't see the purpose of going out o...