Assignment 20A - Growing Your Social Capital

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Domain Expert:
1.     Who they are, what their background is:
a.     Kyle, UF student that is studying computer science
2.     How this person is a “domain expert”:
a.     Kyle is very experienced with computers and technology, so he would be my go-to person to figure out the technical aspect of my business
3.     How I found and contacted this person:
a.     Kyle and I have mutual friends, so I contacted him via social media
4.     Nature of Exchange: What they did for me, what is the return expectation:
a.     Kyle helped me to think of how I could actually create this product, the return expectation would be that Kyle could eventually work for me
5.     How will including them enhance my ability to exploit an opportunity:
a.     Since Kyle is very experienced with computers, if I have an technical issues or problems, he will help me troubleshoot and think of ideas

Market Expert:
1.     Who they are, what their background is:
a.     James, Portfolio Management Associate at Morgan Stanley
2.     How this person is a “market expert”:
a.     James works with the NYSE every single day, so he would know what people are looking for in the market at this current time
3.     How I found and contacted this person:
a.     James is one of my best friend’s brothers, so I was able to contact him and talk to him via FaceTime
4.     Nature of Exchange: What they did for me, what is the return expectation:
a.     James was able to tell me that people are mostly interested in technology nowadays, which made it easy to solidify my business idea. The return expectation is that I would pay him to work for me on the side.
5.     How will including them enhance my ability to exploit an opportunity:
a.     Including James would help me to look at the market as a whole and find ways to market my product to people who would be interested

Industry Supplier:
1.     Who they are, what their background is:
a.     Mimi, Purchaser for a large corporation
2.     How this person is a “industry supplier”:
a.     Mimi currently purchases lighting supplies for a corporation and is very successful, she would help me to understand how many supplies I need to make before I can start selling my product and who I could sell my product to
3.     How I found and contacted this person:
a.     Mimi is my aunt, so I was able to call her on the phone and discuss my business idea with her
4.     Nature of Exchange: What they did for me, what is the return expectation:
a.     Mimi told me that I would need to start on a relatively low supply to see how much I am able to sell before my business “takes off”. The return expectation is that she would work for my business if it were to actually become a serious business.
5.     How will including them enhance my ability to exploit an opportunity:
a.     Including Mimi would allow me to expand my selling opportunities to different networks and connect with new sellers and explore different opportunities

Finally: Reflect
            Completing this assignment allowed me to open up and network to a lot of people. This was new and interesting because these are all people that would be beneficial to my company and my new business idea, and allowed me to network to people who have real-world experiences with the business industry.

Comments

  1. Evan SavageMarch 25, 2019 at 11:02 PM

    Alexandra,

    Once again stellar job on this assignment! You found three awesome resources in your field of interest, and interviewed them with great, thought provoking questions. Your final reflection as well show's your intent with this topic.

    ReplyDelete

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