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Assignment 30A - Final Reflection

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Formative Experience: The most formative experience I have from taking ENT3003 is easily the elevator pitches. Prior to taking this class, I had little to no experience in giving an elevator pitch. I never had a need to learn how to provide a great elevator pitch, yet. After taking this class, I can definitely say that I have plenty of experience in providing a great elevator pitch and I am excited to bring my expertise to real-world experiences. The most joyous experience I have from taking this class was creating my own venture. Thinking about the demands that consumers have was very intriguing and a very eye-opening experience. I am most proud of myself for completing and improving my elevator pitches week by week. Entrepreneurial Mindset: After taking ENT3003, I can definitely say that I have developed an entrepreneurial mindset. This class has forced me to think outside of the box and thinking about the needs that consumers have on a daily basis. I can...
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Assignment 29A - Venture Concept No. 2

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·       Opportunity o    People across America currently hold the need of being able to drive and access their most-used device, their cell phones, without causing danger to others while driving. The nature of the need is that they are required to drive their vehicles while still being considered “hands-free” when accessing their cell phones. o    The forces in the environment that is creating this opportunity is how competitors are only allowing consumers the use of specific applications while they are driving their vehicles. o    This market affects people of all geographical locations and everyone demographically. This would pertain to individuals that are of-age to drive a motor vehicle and hold a valid driver’s license in the US. o    Customers are currently satisfying this need by using the apps that are currently allowed on Bluetooth-capable in-car devices, such as Apple CarPlay or Android ...
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Assignment 28A - Your Exit Strategy

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My exit strategy for when I exit the company would be to hold on to it until I can pass it down to my children. I would plan for my children to go to college and receive exceptional business degrees from great colleges and universities, and then I would teach them the ropes of the business so that it would be there for them when I retire. In case my children do not want to take over the venture, I would find someone who I find reliable enough to take control of the company eventually. I would show this person the ropes within the last ten years prior to retirement. I have selected this exit strategy because I want someone to continue the legacy that I have created, and I want someone to benefit from it. Without someone taking over the company, all of my hard work and dreams would eventually be ruined and fade. My exit strategy has influenced the other decisions I have made by allowing myself to prepare for the future. Without plans for the future, I would be forced to...
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