Thursday, August 6, 2020
Final Reflection
Venture Concept Florida Residence Educational Initiative #2
Feedback
Friday, July 17, 2020
Elevator Pitch #3
Sunday, June 28, 2020
Your Exit Strategy
Reading Reflection No.3
What’s Next?
Venture Concept Florida Residence Educational Initiative
Celebrating Failure
Reading Reflection No. 2
Tuesday, June 23, 2020
Your Venture’s Unfair Advantage
Elevator Pitch #2
Sunday, June 21, 2020
Growing Your Social Capital
Saturday, June 20, 2020
Idea Napkin No.2
Create a Customer Avatar
Friday, June 19, 2020
What's Your Secret Sauce?
- Ambitious: I believe that I can do anything I put my mind to if I manage to stay organized and focus.
- Confident: I believe that an assertive and confident person can seize many opportunities.
- Aware: I am continually seeking out more ways to enhance my steps along the way to my career path.
- Conscientious: I am incredibly attentive to detail to ensure and maximum productivity and success.
- Polite: By being respectful towards others, it can show that I acknowledge their time to meet with me.
Figuring Out Buyer Behavior No. 2
Reflection
Halfway Reflection
Friday, June 12, 2020
Reading Reflection No. 1
Figuring Out Buyer Behavior No.1
Idea Napkin No. 1
1) Who
As a person who wants a future lawyer, I am looking to make the world better through producing policy. My talents include public speaking, interpersonal communication, and international synergy. My aspirations are to work for the federal government to provide foreign affairs with other countries. My business concept is a proposition for legislation to reduce student loan debt faced by many in our country.
2) What
I am offering an opportunity to propel students to succeed in seeking professional degrees. I will solve the customer's unmet needs by exceeding the general objectives of education. College degrees can help reduce one's ignorance.
3) Who
I am offering the business to prospective students looking to pursue their dreams and aspirations. The demographics of characteristics include young adults ages 18-19 right after they graduate from high school. All of the prospective customers will live in Florida and want to attend Florida in-state 4-year universities. All of my customers are all looking to receive funding for a college education to eliminate student loan debt accumulation.
4) Why
The customers care because they would like to pursue an achievement without it costing them a cent. Customers who help propose this legislation are investing in coverage included with the taxes they pay as Florida residents. This is extremely valuable because Florida residents will fund this initiative to make Florida a better state for education. Providing these opportunities will open so many doors for our future generations.
5) What
Some of my core competencies are that of active participation, service, and a growth mindset. I think of 5 things that can set me apart from everyone else. These are my 5 StrengthQuest Themes: Learner, Achiever, Discipline, Futuristic, and Maximizer. One thing I have that nobody else has is to me my intrinsic value is higher than my extrinsic value when I accomplish efforts.
Reflection: Looking deeply into my business concept, I notice and believe some elements fit together (continuous) well while others have some do not. The weak parts of my business concept are that the business concept starts at the county level for it is to be a small scale enough to expand further. The customers of the concept will be a combination of both prospective college students, investors, and state governments who fund the program. It is extremely difficult to propose a concept that is more mainstream and widespread as well as not being tangible. But this can be an advantage as I move further to progress the process.
Friday, June 5, 2020
Thursday, June 4, 2020
Testing the Hypothesis, Part 2
Inside the Boundary | Outside the Boundary | ||
Who is in? | People who have or want to pursue a professional degree, in-state college students, non-scholarship recipients. | Who is not in? | Elderly individuals, Florida dual enrollment students, community college students |
What the need is? | The need is a way to achieve college aspirations without the economic hindrance of cost. | What the need is not? | The need is not a way to give for state governments more funding. |
Why the need exists? | The need exists because there is a lot of debt involved with taking on educational loans. | Alternative explanations | The need exists because many people want to pursue professional programs without accumulating a lot of debt. |
Solving the Problem
Friday, May 29, 2020
Testing the Hypothesis, Part 1
4D: Medical Assistant: I am a Florida resident, but I am originally from Venezuela. In Venezuela, I was a pediatrician, but in the U.S, my medical license isn't accepted unless I take USMLE. My daughter currently attends Valencia College, and we pay Florida Resident prices because she doesn't receive Bright Futures. Both my daughter and I work to be able to afford her school. So if Florida residents were able to attend Florida public universities with included Florida tuition and fees, it would save me so much money, and my daughter could focus on school and not balancing school and work because she wants to become a doctor. I don't want her to get into debt, and medical school is costly in the United States. Scholarships can be for textbooks. I need to be considered Board-Certified in the United States so I can apply for the Doctor salary and learn the American way of doing medicine.
Identifying Opportunities in Economic & Regulatory Trends
- 1A: https://www.clickorlando.com/business/2020/05/15/german-economy-shrinks-22-in-1st-quarter-as-virus-hits/
- 1B: Due to the COVID-19 pandemic, many countries around the world (besides the United States) are encountering economic issues such as drops in "factory orders...industrial production...and exports".
- 1C: A prototypical customer for this opportunity could be the German government and the European Union as they faced a decline in "Europe's biggest economy."
- 1D: The opportunity is both relatively easy and difficult to exploit because Germany has one of Europe's biggest economies, but also it is a part of the European Union, which could have some difficulties passing legislation within a quickly and efficiently fashion.
- 1E: I formed this belief that an opportunity exists because the article compares Germany's status to other countries in the European Union, and Germany has not faced a recession of that amount since 1990. As a person who promotes international understanding and continuously strives for change, I want to see Germany place high as one of the fastest countries to recover from the COVID-19 pandemic because of its position before and during, but there are no promises.
- 2A: https://www.clickorlando.com/business/2020/05/15/china-economy-better-but-vital-consumer-demand-still-feeble/
- 2B: Because of the COVID-19 pandemic, it is tough to get Chinese citizens to spend money on consumer goods. The country is relying on the fact that "economic growth now relies largely on domestic demand" (Wu).
- 2C: A prototypical customer for this opportunity could be the Chinese government as they rule China's Communist Party and "push to revive normal activity."
- 2D: The opportunity is relatively difficult to exploit because China has released a report that "shows only small and gradual improvements in economic activity." To encourage consumer spending, the country has distributed "shopping vouchers, cut taxes, and promised entrepreneurs low-interest loans."
- 2E: I formed this belief that an opportunity exists because the article mentions that China has a controlled government because of Chinese Communism. Chinese Communism has allowed them to prosper as a country because there are over 1 billion people who live there. It is essential to understand Chinese Communism can't be compared to Russian, Cuban, or Vietnam Communism because they are all very different. As a person who has had the opportunity to go see China and understand the perspective of a Chinese resident, I have strong feelings that what she mentioned that the Communist Revolution of China being one of the most important in Chinese history is accurate because it unified all the Chinese people for years to come.
- 3A: https://www.clickorlando.com/news/local/2020/05/28/businesses-face-new-challenges-as-restrictions-are-put-into-place-amid-coronavirus-pandemic/
- 3B: Due to the COVID-19 pandemic, the safety of citizens has been of utmost concern. An opportunity exists in this situation because it is hinting on a new regulation to "encourage downtown area businesses to share their reopening and safety plans."
- 3C: A prototypical customer for this opportunity could be local business owners who are being directly affected by the change COVID-19 has brought on and have been working to satisfy their customers' needs.
- 3D: The opportunity is both relatively easy and trying to exploit because, in the case, it can be easily achieved if it is done correctly and efficiently. But it can be difficult if the legislation is slow and lingering to fully make progress and growth.
- 3E: I formed this belief that an opportunity exists because the market has faced severe challenges in the past with that of the Great Depression. As an American, I hope to see and believe in the face of conflict and that if we (as a country) could get out of a contraction in the American economy just like in the 1929 recession and rise as a global superpower again in the following years after, with a series of progressive reforms, anything is possible.
- 4A: https://www.clickorlando.com/news/politics/2020/05/19/covid-19-data-sharing-with-law-enforcement-sparks-concern/
- 4B: Due to the COVID-19 pandemic, the privacy of citizens who have contracted the COVID-19 virus has been a concern among several states.
- 4C: A prototypical customer for this opportunity could be local governments who have been attempting to report on those infected with the COVID-19 as there is a justification to support the trust with the law enforcement as they have access to more confidential information.
- 4D: The opportunity is relatively easy to exploit because the article mentions that police officers have kept confidential information such as social security of prisoners or/and those arrested hidden from the public for a long time. Personally, I believe that the police officers shouldn't have access to that information as it would probably be of no use to them because they don't have any medical expertise.
- 4E: I formed this belief that an opportunity exists because it is an issue that our government is addressing at the given time. I really have strong feelings that can see how knowing the names of those with the virus could create more discrimination and divide America further when we should be unified at the current circumstances. The statistics (number of cases) in the area should be the only things that should be provided to law enforcement.