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30A - Final Reflection

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1.       Read through your posts from this semester. Recall all of the experiences you've had a long the way -- the highs, the lows -- the fun moments, and the moments of drudgery, and even the moments of dread. In this past semester, throughout this class, I have been exposed to many things that will prepare me for the future. I am grateful to have been exposed to elevator pitching, networking, and coming up with an entrepreneurial plan. I have also experienced lows; however, I have taken these failures and turned them into something to learn from. Celebrating failure has given me better insight in constant improvement. 2.       What sticks out to you as the most formative experience? The experience that you'll remember years later? What was your most joyous experience? What experience are you most proud of yourself for accomplishing? The most formative experience was coming up with the venture plan because I came up wi...
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29A - Venture Concept No. 2

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1.       Opportunity I am tackling the opportunity of improving grocery delivery service. While many grocery stores, such as Publix, Whole Foods, Trader Joe’s, and Walmart, deliver, they lack efficiency and convenience. While they do deliver, it can take up to five hours to get the groceries delivered to the consumer’s location. This lack of efficiency is usually   due to not having enough delivery people in the service at that time or because of a high demand with low supply. In addition to slow service, these grocery stores are not available to every customer who wants to get their groceries delivered. All of the stores have particular zones that limit the mile radius they are willing to deliver to. While grocery delivery is supposed to make things more convenient, the delivery zones contradict this purpose. The customers who are in need of this improvement are those who get their groceries delivered often, especially those who are not in any of the de...
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28A - Your Exit Strategy

1.      Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? I would not sell my business in the next five years for a large return. I would rather try to allow the business to mature and grow in order for it to last for a long time. I do not think that business is 100% about profit, but also having a meaningful cause behind it. Ideally, when I retire, I would like to protect the business as something that would be a family business, passed down through generations. 2.      Why have you selected this particular exit strategy? I have selected this particular exit strategy because making a business a family matter allows the business to develop and maintain stability, commitment, accountability, ...
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27A - Reading Reflection No. 3

1.      What was the general theme or argument of the book? I read Thinking, Fast and Slow by Daniel Kahneman. The theme of the book covered two types of systems that control the brain – System I and System II.   System I is fast and automatic, resulting in irrational or illogical thinking. System II, on the other hand, is slow and rational thinking, which sources from careful analyzation.   There are benefits to both systems; however, there are also downsides to both. 2.      How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? The book has enhanced with what I am learning in ENT 3003 because I have had to analyze and think rationally through the assignments that I have done. The assignments, including the napkin idea, human capital, elevator pitches, and the networking activity, all have coincided into my one business opportunity. Through these assignments, I have had to thi...
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