Week 13 reading

The most confusing thing to understand of this chapter was the pricing formula. It was difficult for me to understand at first. In fact, I had to re read it to understand it. Next the most surprising thing to read was the LOI method. It was cool to see how it impacts start ups. Again, as I always believe, I do not think that the author was wrong about anything because it is a new concept to me however it would be interesting to me to analyze these tactics on different startups to evaluate results. Two questions that I would ask the author is if he used any of these strategies, and how integral are start up costs to investors.

Celebrating Failure

 Failure is never easy to conquer or speak about. In fact, it is the hardest thing to talk about because it involves vulnerability when as students, siblings,  and friends, we work so hard to/be show confidence. Today, I will talk about an incident where I considered myself a failure. I transferred last year to the University as a junior when I went through a tough transition. I failed several classes my first semester due to it becoming a big impact on myself,emotional my well being and just adjusting to being an independent college student with no support from family. I was withdrawn to the comfort I had at home, and support, however things changed. I dealt with it through overcoming many obstacles I faced in the way. I had to take a deep reevaluation where I stood in my life as to where I wanted to be. From August 2014 to today I dragged a mediocre GPA of a 2.0 to above a 3.0 and achieving along the way a new set of success tools. I have landed a great internship with Macy`s Credit services and  now am even looking into several graduate programs. To me, this not only shows to myself the progress I have made. I saw my self as a failure evaluating my low self confidence due to poor performances in classes and all in all feeling like a lost soul. I saw my self as lonely or in capable as I did or on the verge of not being able to sustain my own life whether it be through having enough money to buy groceries or pay my rent. Today, I am a champion because I have gone through things that have gave me definition and character. I know how capable I actually am and am proud sooo proud of who I was then to who I have molded my self to be now. Although, this all happened through plenty of self reevaluation, new risks, different approaches, and plenty of crying, I learned that the best way to deal with personal failure is within yourself. Learning who you are, understanding who you are, understanding that nothing is perfect , and most of all learning that you are not wealthy out of money because cash is infinite it is an energy source that in essence fluctuates with drive, love motivation, and conviction. You are wealthy through love, motivation, drive because that is what is enough and shapes your life by being this way. All in all, as I close the chapter of m undergraduate career at UF this class to me evokes the process of failure, reevaluation, and determination that drives that cashflow/ energy flow that results from process.  It has reaffirmed the emotional process of success, money, and happiness. Risk is the unknown and in order to succeed in this one must take the opportunity. Thanks ENT 3003 for shaping me as a business women and a human!

My Exit Strategy

My exit strategy for my company is simple. Many of the decisions I have made throughout my venture have been directed me to decide that my product is not a true passion of mine. Although, I do have a passion for what I have developed because it is something that I have actually done I would probably sell my company to a well-established corporation that can market and direct the product to a successful future. I have selected this because since I do not have a true dire passion for it. I care more about positive change, and this is how I believe guacanola will influence the masses. This decision has impacted the different things I have done because the assignment show potential that the product has. It has not influenced how the opportunity was executed but because at first I was testing my passion for it, but it has influences the growth that I see for guacanola.

What is Next

My product is unique and the concept is different. Apart from attempting to launch successful marketing concepts I will incorporate line extensions to the guacanola bars. I feel that this direction will solidify what makes my product different. Capitalizing on my future and past feedback I have learned that there needs to be audience education on the product. So I do think this is what will make sense as a future step apart form extension.
Moreover, I am not sure what a different turn will be for my product because it is so distinct, but apart from hitting up the healthy market spaces I will try to aim for the education system and maybe implement a new nutritional incentive considering the organic flavors my product has. If I can influence people in my venture then to me that will be considered a success.
My recordings were cut short due to shortage space on my phone, but I interviewed parents and a young student who like the idea to a certain extent. One of my clients actually took some of my product home after my interview. ...( I was attempting to gather attention by offering samples..) . She really identified with sending a new message to younger generations about food...

Lastly, before I end this post I just wanted to say that it is possible that my audio recording may not be downloaded. However, rest assured I will satisfy this issue.

Thank you for your time in knowing what guacnola bar products are. I hope to make this a success!

Week 12 reading

Week 12 reading was the most interesting to me. The most / exciting/ surprising this was learning the many step through the entrepreneural concept. I do not think that the author is wrong, however the concept of informal and formal planing to me was confusing.  Finally if I were to ask anything to the author I would ask him what were the steps to a successful swot analysis and if there are any tricks to this.

Week 11 Reading

 While week 11 reading was the most interesting reading that I have read so far I do belive that the author was wrong about one thing to a certain extent. He was not wrong however I believe it is probably circumstantial. To me this was also the most surprising thing of the reading which was the innovative things are the only successful business ventures. Since I am new to this field I am not completely sure, but I do believe that there are many repetative products in a market that has shown to be successful. So if I was to ask the author any questions I would ask him how repetative products like blogs have been successful or are they even successful if so. To me this conept makes sense but it is confusing to me.

The Amazon Whisperer

• Describe the revenue drivers you currently include in your business concept for this class. Revenue drivers are the different ways you make money. Well my main revenue driver would be direct sales because I do have a food product.
• Describe what kind of product offering you believe should be next. What's the next thing your customers want? I believe next would be to have different flavor of guacnola or maybe make it into a pre made cereal to eat with water to attract lactose customers.
• Describe how this "next" thing will enhance your existing product/service offering. Does it improve the user experience, does it increase customer switching costs, does it foster customer loyalty, etc.? Yes it does because it makes use have different variety to be seen in different places.
• Go to Amazon and try to find a product that is similar to the one you want to offer next. Describe the product. Include a picture of the product. I searched for this product and there is no other products that are like it so i would be the first on the market.
• What are the customer reviews for the product? What, exactly, do customers not like about the product? What do they like about it? My current reviews are that it is a strange combo and not very appealing but once you eat it then your mind is changed.
• Describe what design/usability changes you'd make to the product. Creating variety.
• Describe why you think this product would make a good addition to your current product/service offering. Because it would be appeal to more people making demand increase.