1. I really had to develop a behavior of thinking ahead. To keep up with the assignments I had to look ahead and plan what to do each week and when I was going to do it. You could say that there was never really a dull moment in this course. However, I believe that the most important behavior that I needed to develop for this course is being confident when I approached others. Many assignments required us to speak to strangers and what I have learned is that strangers are more hesitant to talk to you if you are not confident and shy to speak to them. So being confident in my behavior was really important to keep up with the requirements in this course.
2. Sometimes when I lose track of assignments and I realize a few hours before the deadline that there was a task that required me to go talk to others and I honestly just sitting at home. I really felt like giving up and just letting the points go but that would have went against what I was trying to accomplish this semester which is staying on top of assignments and not letting one pass by. So I got up and went out to get those assignments done. I definitely felt like my tenacity has greatly developed in the past two months. Even if i experienced a set back I wouldn't let it affect me.
3. The three tips I would give to students next semester are:
- Have a "don't care what people think" attitude. It is useful because many times you are going to have to talk to strangers.
- Make a calendar. There are a lot of assignments in this course and a calendar will help keep track of everything. Then if you have a calendar there is no excuse for you to not do assignments.
- Keep a mindset that you are an actual entrepreneur trying to succeed in the real world. Many of the assignments are just a scratch on the surface of what an entrepreneur has to do so if you keep that mindset you'll be better prepared.
Sunday, February 28, 2016
Sunday, February 21, 2016
Free Money
1. I decided to go to my immediate apartment complex area.
2. I will approach people who are coming to and from school
3. I will start my question by asking if they had a good day
4. My plan for the conversation will be to first ask if they had a good day then no matter what their answer I will say if I can make it better by giving them a dollar.
5. Out of the 5 dollar bills I believe that I will give them all away.
Reflection: I was able to give away all 5 dollar bills. It was a little nerve wracking at first but what made it better was my friend who was with me recording so I felt a little more comfortable. Many of them though it was a joke but ended up taking the dollar anyways.
2. I will approach people who are coming to and from school
3. I will start my question by asking if they had a good day
4. My plan for the conversation will be to first ask if they had a good day then no matter what their answer I will say if I can make it better by giving them a dollar.
5. Out of the 5 dollar bills I believe that I will give them all away.
Week 7 Reading Reflection
1. The biggest surprise to me in this week's article was that some techniques in advertising emphasize the emotional benefits of a product. They choose to show how the product makes a person feel rather than the functional benefits of the product.
2. I don't think that there was any part of the class that was confusing. I pretty much got the gist of everything that was said
3. The first question I would ask is "What segmentation do you think is the most useful?"
The second question is "What age group runs the market today?".
4. There nothing that I disagree with in the article, I believe that the author did a good job discussing segmentation.
2. I don't think that there was any part of the class that was confusing. I pretty much got the gist of everything that was said
3. The first question I would ask is "What segmentation do you think is the most useful?"
The second question is "What age group runs the market today?".
4. There nothing that I disagree with in the article, I believe that the author did a good job discussing segmentation.
Wednesday, February 17, 2016
Elevator Pitch No. 2
2. What stood out to me as important for an Elevator Pitch is that it has to be dynamic and has to really connect to the people that you are talking to. Of course I'm still not a master at it but I am working to improve on it. Also I find it really important to articulate which helps in the dynamics and overall understanding what you are saying.
3. Mostly I changed the length of my elevator pitch because I found that my first one was too long. This one is much shorter and straight to the point.
Sunday, February 14, 2016
Week 6 Reading Reflection
1. The biggest surprise for me in this weeks reading was the statement that creativity can be improved. It's strange to think of creativity as something that can be improved because it is not as tangible a talent.
2. The part of the reading that confused me was was the concept that the industry structure drives competition and profitability,
3. Two questions I would ask the author would be "how much energy should be spent to thinking creatively?". The second question I would ask is what is the purpose of the percent of innovation that arises out of a department other than R&D.
4. There is nothing that I disagree on with the author.
2. The part of the reading that confused me was was the concept that the industry structure drives competition and profitability,
3. Two questions I would ask the author would be "how much energy should be spent to thinking creatively?". The second question I would ask is what is the purpose of the percent of innovation that arises out of a department other than R&D.
4. There is nothing that I disagree on with the author.
Thursday, February 11, 2016
Idea Napkin No. 1
1. My name is Hung Ma and I have great communication and leadership skills and I am able to hold conversations or present something in front of people I do not know. I am Publix associate therefore every time I work I see new faces almost everyday and I am perfectly comfortable having conversations with them. My aspirations are to have people be given the chance to utilize resources without any restrictions.
2. I'm offering to my customers a cheap opportunity to utilize the SW recreation center during parking restricted hours.
3. My customers would be the students of the University of Florida who utilize the the SW recreation center. More particularly those who live off campus and I do not own a parking decal.
4. They care because this opportunity is cheap and readily available during the restricted times. Pretty much I'm giving the customers an opportunity if they wish to take it and I believe they will.
5. My core competencies are that the concept is cheap and readily available. These elements fit together perfectly because everyone loves things that are cheap but more importantly they love things that are readily available. If they can use it during a time that is supposed to be restricted then they would be more willing to pay, especially if it is cheap. I think that these core competencies are definitely in joint with the business concept.
2. I'm offering to my customers a cheap opportunity to utilize the SW recreation center during parking restricted hours.
3. My customers would be the students of the University of Florida who utilize the the SW recreation center. More particularly those who live off campus and I do not own a parking decal.
4. They care because this opportunity is cheap and readily available during the restricted times. Pretty much I'm giving the customers an opportunity if they wish to take it and I believe they will.
5. My core competencies are that the concept is cheap and readily available. These elements fit together perfectly because everyone loves things that are cheap but more importantly they love things that are readily available. If they can use it during a time that is supposed to be restricted then they would be more willing to pay, especially if it is cheap. I think that these core competencies are definitely in joint with the business concept.
Sunday, February 7, 2016
Customer Interview #2
1. After my first rounds of interviews I think that I am way more comfortable with interviewing new people. When I first interviewed customers I questioned about the times at which one would utilize the SW recreation center and if they would be willing to pay for parking during a restricted time. I think this is an opportunity that can really benefit the people who lead a lifestyle of exercise but can give an easier opportunity to people who don't.
2. Last time I talked to customers who went to the gym regularly and I believe for this type of opportunity it would still benefit my interviews to continue to use customers who go to the SW Recreation center regularly simply because this affects them the most.
3. My questions were a little tweaked from my first set of interviews but the small tweaks help me dig into the way people think.
New Questions:
- If given the opportunity would you be willing to go to the SW recreation center between the times 7:00 AM to 3:30 PM
- However you realize that parking is restricted at SW during that time?
- How many hours do you spend inside the gym when you go to exercise?
- If there was meter parking at the SW recreation Center how much would you be willing to pay for the time you spend at the gym? (hourly basis)
4.
5. I learned that people are still willing to go exercise between the times 7:00 AM and 3:30 PM but this time I learned how many hours they are spending at the gym and how much they are willing to pay. I felt like I'm at the next stage of this opportunity where I research how much one should pay on an hourly basis for parking at the SW recreation center.
6. Tips to interviewing customers:
- Just do it: You'll never get an interview if you don't ask
- Be polite: you get the best answers from your interviewees if you are polite to them
- Be prepared: the best interviews come from those who are prepared before hand with good questions.
2. Last time I talked to customers who went to the gym regularly and I believe for this type of opportunity it would still benefit my interviews to continue to use customers who go to the SW Recreation center regularly simply because this affects them the most.
3. My questions were a little tweaked from my first set of interviews but the small tweaks help me dig into the way people think.
New Questions:
- If given the opportunity would you be willing to go to the SW recreation center between the times 7:00 AM to 3:30 PM
- However you realize that parking is restricted at SW during that time?
- How many hours do you spend inside the gym when you go to exercise?
- If there was meter parking at the SW recreation Center how much would you be willing to pay for the time you spend at the gym? (hourly basis)
4.
5. I learned that people are still willing to go exercise between the times 7:00 AM and 3:30 PM but this time I learned how many hours they are spending at the gym and how much they are willing to pay. I felt like I'm at the next stage of this opportunity where I research how much one should pay on an hourly basis for parking at the SW recreation center.
6. Tips to interviewing customers:
- Just do it: You'll never get an interview if you don't ask
- Be polite: you get the best answers from your interviewees if you are polite to them
- Be prepared: the best interviews come from those who are prepared before hand with good questions.
Week 5 Reading Reflection
1. I was surprised by the amount of legal structures entrepreneurs are face with. I was totally unaware by the amount of procedures entrepreneurs must do to protect their ideas.
2. I was confused about the point of all the many types of partnerships that can occur with entrepreneurs. I definitely had to re-read the section on how to distinguish from S Corporations and B Corporations.
3. The first question I would ask the author would be "Do you think entrepreneurs are more likely to be successful through sole proprietorships, partnerships or corporations?" I would like to know if there is a certain type of setting that entrepreneurs should focus on. My next question I would ask is "Is there any extra benefit from using trademarks, patents, or copyrights?" I would like to see which is the most effective in protecting an idea.
4. I do not disagree with anything the author has said. I found the reading to be very factual.
2. I was confused about the point of all the many types of partnerships that can occur with entrepreneurs. I definitely had to re-read the section on how to distinguish from S Corporations and B Corporations.
3. The first question I would ask the author would be "Do you think entrepreneurs are more likely to be successful through sole proprietorships, partnerships or corporations?" I would like to know if there is a certain type of setting that entrepreneurs should focus on. My next question I would ask is "Is there any extra benefit from using trademarks, patents, or copyrights?" I would like to see which is the most effective in protecting an idea.
4. I do not disagree with anything the author has said. I found the reading to be very factual.
Wednesday, February 3, 2016
Elevator Pitch No. 1
1. Many times students who wish to go to exercise at the University of Florida's South West Recreation Center are unable to because there is a parking restriction from 7:00 AM to 3:30 PM. My solution is to have meter parking for the SWRC parking lot which will allow students to park at SWRC for a small fee, which I believe many will be willing to pay.
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