Posts

27 - Reading Reflection 3

I read  Steve Jobs  by Walter Isaacson, a biography about the life of the founder of Apple.  When reading this book, one thing that surprised me the most was why the name Apple was chosen for the company. While an apple grasped the concept of simplicity very well, the main reason was because it came before Atari in the phone book. I admired Steve‘s determination in getting things done the most. He always found a way to convince himself, and other, to work just a little bit longer to be the best. I least admired how Jobs treated some employees. He would be verbally abusive to people who didn’t meet his expectations. Jobs did face adversity, especially when he was fired from Apple and had to invest his money into other projects, like Pixar.  The book talks about how Jobs was described by other people. He was said to have a RDF dedication. RDF stand for reality distortion field, a term from Star Trek, meaning Steve would bend reality to his will. This all just mea...

28 - Exit Strategy

My exit strategy may change, but for now I see it clear as day. I intend to stay with the business for several years, as long as my passion exist. As for selling the business, I don’t have any plans to do so, and when I retire from this venture, my job will be handed down to someone I find just as passionate as I am for it, in a sort of “passing the torch” type. The terms of my departure will be set that the company remain with it’s goal of being non-profit and for the planet.  I have selected this exit strategy because my business is a non-profit with the goal of creating products to cut CO2 emissions from the earth. So as long as I have the passion and ability to keep fighting towards that goal, I will stay with the company. And when I no longer have that passion or ability I will pass the leadership role to someone who does. The business being sold isn’t the goal, because that would go against remaining non-profit.  My exit strategy has influenced how I approach new op...

26A - Celebrating Failure

At the beginning of the semester I had failed my first exam for my management class. Out of the 100 points I could’ve gotten, I earned 56, and it was difficult to accept. After analyzing the process it took to fail that exam, I learned how not to again. I better understood the time I had to dedicate in order to perform better on the next exam and picked up different study techniques to ensure I was better prepared.  I think, and always have thought, that failing gives you a chance to learn something. Many times people think that a failure equates to them being inadequate, or not good enough, to perform their desired task, but the truth is that their approach to it needed fine tuning. I think it’s important to not use failure as an excuse for why you can’t do other things; then you’re just lazy. This class surely secured my beliefs on failure and gives me more confidence to pursue the unknown. 

25A – What’s Next?

Existing market I think the next step in terms of products and services for my venture is creating more solar powered products that can assist buyers with their everyday tasks. Based on feedback from customers, the best path for growing in my existing market is to go beyond that of the individual customer. The general idea that my three interviewees had for me is that my products need to be the norm around the world and that governments need to be funding my business to get the job done. Transitioning to clean, renewable energy is a concern that all countries are soon going to be looking to do completely for their power grid, if not already.   The next step for my business is having the manpower and ability to provide country wide solar technology for not just small homes and business, but for large cities and counties. Based on my idea for the next steps, my first interviewee brought up the idea of creating solar technology that can be mounted onto cars without being a nui...

24A – Venture Concept No. 1: All Solar

Opportunity ·          Who has this need : People who live in high sunlit cities, or areas, who want to transition away from the use of fossil fuels as a source of energy, or electricity, to sources of renewable energy. ·          The nature of the need : The majority of power sources in the world are currently non-renewable energy, from oil and coal. ·          What are the forces or changes in the environment creating this opportunity? : The continuous burning of fossil fuels is raising co2 emissions into the atmosphere at dangers levels, harming the environment of the planet, which in turn, bring about natural disasters and dangerous risks for future generations. ·          How is this market defined geographically and demographically? : This market focuses on areas of well sunlit coverage, where renewable energy can...

23A – Your Venture’s Unfair Advantage

1.        Eco-friendly ·          Valuable: Yes, my company provides products that help people save money on energy consumption and benefits the planet is reduce fossil fuel energy use. ·          Rare: No, Eco-friendly products are becoming less rare today. ·          Imitable: yes, being Eco-friendly can be copied ·          Non-substitutable: No, there is no similar alternative for being Eco-friendly. 2.        Stylish ·          Valuable: Yes, having something that looks good creates confidence. ·          Rare: Yes, most solar powered products are an eye sore. ·          Imitable: No, our designs will be patent protected and be or...

21A – Reading Reflection No. 2

The book I chose to read was The Art of Social Media: Power Tips for Power Users, by Guy Kawasaki. 1.     The general theme in this book is the topic of digital marketing and experimenting with the tools of social media to successfully connect to other people and grow your businesses.   2.       In ENT 3003, we learn about several ways in which we can use tools to build a business such as recording an elevator pitch and this book talks about several online tools that one can use to be successful, not only through social media but small details like “always have a signature for your emails.” 3.     Based on this book, the exercise I would implement in class is creating a business card. Kawasaki talks about how your business card should be made where scan websites would automatically pick up all your information and recognize the different details such as your number and email. 4.     The biggest ‘ah...