Week 8 Reading Reflection

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? 

The biggest surprise for me in the reading this week was the part explaining the study of the market for venture capital and to review venture capitalists’ evaluation criteria for new ventures.

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

The part of the reading that was confusing to me was the part where it explained equity financing.

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

When would a corporation be "ready" to "go public" in the market?
How does one build themselves to be a very sophisticated investor?

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

I do not think the author was wrong about anything in the reading this week. I agreed with everything I read.

The Twenty Percent

The Twenty Percent

(My customers did not want to be recorded)

After interviewing these customers, I learned that the entrepreneur does know his customers and exactly what they want. From having the knowledge that his customers want his brand shirts and designs, he makes new editions monthly and exclusively releases them via his website. The business owner really doesn't have much differences from his customers because they all want the same thing, and he even wears his own designed hunting clothes. Really the only difference that stands out is the part that he has the different mindset to sell his products to consumers.

Half-way Reflection

Half-way Reflection

Future ENT3003 student:

Taking this course has shaped me in a way thats benefitted the way I think. This course requires much attention and the skill to be able to manage your time, as there is an assignment due almost every day or two. Yes, there has been those moments where i did feel like giving up, but then again who doesn't, right? The trick to it all is to stay motivated, and to want to finish and learn everything you possibly can. The behavior I use to get myself through it all is time management. If you can't manage your time, learn how to because you will not go far without that. I do feel like I have developed a tenacious attitude because of this course due to how organized I've made myself this semester. Three tips i would give you for success in this course is:

1. Manage your time

2. Don't get lazy

3. Stay motivated

If you follow those three tips, you will foster the skills that support tenacity and develop the tenacious mindset.

Customer Interviews No. 3

My interviewees wished to not be publicized on video for this assignment. 
Speaking to potential customers about my Phone Application to buy/sell/trade items with the touch of one button, they all told me what they'd find useful.

What I learned from all my interviews is that customers love an interface that is very simple, especially how everything is nowadays. The less detail you put into the design of the app, the more easy it'll be to use. An outcome that I expect from these interviews is the finalization of my project to have it perfect based on the feedback my interviewees gave me, as well as their personal preferences.

Week 6 Reading Reflection

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? 

The section on "Threat of entry" was the biggest surprise for me in this reading.

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

The part that was confusing to me was the part about cost disadvantages independent of size.

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

How does one master the act of jockeying for position?  

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

I don't feel the author was wrong about anything in the chapter. Everything makes sense in every way the perfect entrepreneur would think and see.