Week 15 Reading Reflection

What captured my attention the most from this weekly reading was scaling up customers loyalty.I like that most business are now more focused in their customer compared to decades before.This is because we are now living in a market that is very competitive and customer are constantly changing their attitudes.Therefore,companies have to make their customers loyal.Customer loyalty would be a competitive advantage for the company the idea is to make your customers love your products.

Final Reflection

In my personal opinion, this class was more than what I expected. I thought it was going to be a normal class and that I had to memorize a lot of stuff. However, I was wrong because this class was more dynamic I had to learn how to communicate with other people in order to have feedbacks for my venture. I created my own venture, which I think it is awesome. I never had a class were I actually had to investigate and interview people to have information for my business. Also, gained a lot of experience because I´m a very shy person and I had to learn to go and talk to strangers regardless of what they might think. Maybe they thought I was crazy, but it was a very fun. I always hated problems; however, now I know that from every problem there is an opportunity. I started to see things from a very different perspective and it had change the way I see things now. I had forgotten many times to turn in my assignments in canvas and it really pissed me off. Therefore, in my ¨Bug List¨ I posted the problem and a solution. Then, I found out that I had a big opportunity, so I decided to create a app synchronized with canvas that would work as a reminder. I started to do the interview and I gained information about the problem. In conclusion, it was a great experience I seriously will recommend other students to take thins class because it is not only fun; moreover, it gives students the skills to be an excellent entrepreneur.

Elevator Pitch No. 4

Now that the class is almost over.I feel that talking about my venture is easier because I have  more feedback.In the first elevator pitch,I hand less confidence about what I was talking.In my opinion, I think that this assignment is good exercise because in the future I will probably need to do this.

Venture Concept No. 2

Opportunity:

In this class I learned that  problems can become into opportunities;therefor, this ventures started.

The idea of my venture already exists ; however, It is probably not working because many students are still forgetting when to turn in their assignments. This is a problem that happen to many of college students because most of us work and are thinking in oder things.So, I want to prove something innovative to the market.I think that technology this days has become something very important and since students are all the time on their cellphones I decided to create an app that hopefully will be successful and useful.The reading states that a venture concept may be defined as the application of a specific innovation to address specific opportunity. Therefore, my venture started because I first saw a problem and I found a solution. Then, I realized that finding a solution for this problem was an opportunity to begin a business. Therefore, the problem was that many students including myself forget when there assignments are due. I decided to create an app that will be synchronized with canvas , and that will be constantly reminding students with a lot of anticipation when to turn in their assignments. 

Venture concept:

My venture concept is very simple, but very useful at the same time.I really think the idea that it is an app because it is something that I can be constantly innovating the idea of the service and will not cost me lot of money.Technology has become very productive nowadays.The market right know is define demographically I will first begin with UF students; however, in a future I would like to expand to other universities. My customers are UF students and it will satisfies their need because I’m pretty sure that their grades will change drastically. This is because many students work and have other actives.So, it is very hard for them to keep up with everything. So, UF Smart Planner will do the planning for them. This is a big opportunity because I feel that many of them will use it and more in UF since it is a very competitive among students. Many students care a lot about their classes ,and they will not miss this opportunity. At this point, I don’t really know how long the window of opportunity will be opened I have to first se how the business begins in order to answer the question. Once I have my business, I have to start thinking how can I innovate.I know it will take time and money but it is necessary. 

Innovation:

Innovation is important because there are always competitors in the market and innovation can be a competitive advantage. I will also try to be better than my competitor by analyzing their service and seeking out what is working and what is not working. The actual concept of this venture is to help students because I’m one ,and I feel they would do much better with this new app. The idea is to begin with this venture and then innovate, or start another one with the same purpose. At this point, I don’t have the idea of what would be the other venture; however, the idea will also be to help students satisfy their needs.

Week 14 Reading Reflection

What captured my attention most about this weekly reading was the social entrepreneurship process.The recognition of a perceived social opportunity,translation of the social opportunity into a enterprise concept, and the identification and acquisition of resources required to execute the enterprise's goals.When we talk about social it is a concept that is very broad.However, social entrepreneur are individuals who funds or leads an organization engaged in something more than just gain benefit.I think that being successful does not mean having toons of many ;therefore, entrepreneurs should also help the society.

Google Gold

1)discussion of your general approach and strategy to search engine optimiation . What were some of the activities you did for each blog post to pursue SEO? 

What I activities I did for each blog post was talk with people for advice and  also the internet is al excellent tool to search a lot of cool stuff.If proves information that is very useful and even more when it is research .Also, the interview where a great way to have useful information.

2) What were your keywords. How did you select those keywords? Did you change or refine your keywords through the semester?

My keywords were success, knowledge, and opportunity.I used those words for almost all of my posts.I did not change those keyword.However, I started using other keywords.I used those key words because I feel that entrepreneurship is about knowledge,opportunities and success.

3) How did you use social media to enhance your SEO efforts? What your your surprises or general impression of using social media to improve your blog's profile? Was social media generally receptive of your blog, or did it get ignored?

I was surprised how I used social media enhanced my SEO it is incredible how internet can be very useful for everything.Without internet with class would not exist.I used social media when I had to record myself or people.Also, when I had to communicate with the entrepreneur  I interviewed it was all with social media.

4) What was your most "viral" post? In other words, which post obtained the most traffic? Why do you think?

The bug list was the most viral post because I had to take time to think in things that really bordered me and I had to find solution for them.

5) Finally, did you make it to the first page of Google results for your keywords? If not, what page of results did you make it to?

Actually almost all of my results made it to the first page.However, like i said before for some of mi research I had to talk with people to have feedback or just more information.

Very Short Interview, Part 2

Over a mounth ago, I interviewed Ricardo Abuawad who started his own business with help from nobody. He is the creator of the most consumed cookies in Bolivia called “Mabels”, and then after more then 10 years of experience in the factory he decided to sell his factory to Nestlé. I interviewed him and asked three questions.The question where “What do you wish you had been taught in school before setting out on your own path as an entrepreneur? “ “What do you think I should learn in an entrepreneurship course?” and What does it mean to be an entrepreneur? At this point the questions are very simple for me because I have learn too much in this class.

I talked again with Ricardo and asked him 3 other questions

1.What motivated you to become successful over the years ?

What motivated me to become successful personally is my family. I began this business to provide a better future for my children.

2.What do you think about success can it be just good luck or do you think it is all hard work ?

In my case, it was not luck I really worked hard for what I have today.Maybe some people can call it luck ; however, I don’t think it is that way and I’m pretty sure that a lot of sucesful people will tell you the same thing.

3.Over the years, the market has grown a lot and there are a lot of competitors.Nowadays, what kind of business do you  think can bring a lot of opportunities?

Personally, I think that nowadays technology has become something very important and people are more dependent on it.Also, social media is expanding tremendously. New entrepenurs made their business based 100% con technology and social media.

Over time, I have gained more confidence when talking about entrapenurship. This class gave me tools to understand more about how the market works and that the failures can become in opportunities

Week 13 Reading Reflection

What captured my attention the most of this reading reflection was the valuation of the venture.

The valuation of the venture is composed of emotional bias of the seller,the reason for acquisition and the differing the goals of the buyer and the seller.This are issues when acquiring a venture which are very important because basically states why your venture exists.It is important to access to new products or expand the existing product line.Moreover,to reduce indirect and direct operating costs and fixed costs by using excess production and service capacities and by eliminating duplicated operations.

Celebrating Failure

I failed by not trying to procrastinate. I know that my performance in college would be much better if I did things with more anticipation and this is constantly happening. I always try to do things on time, but for some reason I leave everything to the last moment. This is a very bad habit and it has become very stressful. I try to organize my self by writing everything I have to do; however, it is not working for some reason. I have to admit that it has improved; however it is still happening. I know I have to change the way I think and start doing my things with more anticipation. Failure in some way is good because it can make you improve by avoiding in what you fail. I learn from this class is that I see my failures as an opportunity. Opportunities that in a future can have positive outcomes because we have improve in what we are failing.

My Exit Strategy

I plan to exit my venture when I get old. However, I would like to make a family business. I’m about the idea to begin a business and make it grow. Therefore I will motivate my children or grandchildren to make my business grow. This is a big opportunity for my future generation because the idea is already established they just need to organize and keep innovating. I selected this exit because I would like to give my future generation a business that it is already stable .I would not like to see my children unemployed or struggling with money. My exit strategy has influenced other decisions because I’m a family type of person, if I have an idea I first talk with my family members before doing anything .So, I would like to make a venture that will be useful for my family not only for my personal benefit. Also, it will help my venture grow because I think I will teach  and motivate my children to make my business better than what I did.