Entrepreneurship

Being an Entrepreneur is to be objective of creating something novel and useful based on their own ideas and must be different and useful ideas can be related. These ideas could be developing better communications, and other technological advances in the market and building new companies. The main goal is to build a long-term value for the company to attract investment and have opportunities. Concentrate on long-term value and wealth of the company. The entrepreneur to have freedom to make own decision and be own boss. They are motivated by controlling their work and pursuing their dreams with it. Sometimes freedom has set backs like less structural environment need to have more self-discipline to accomplish tasks. Passion and Courage are needed, and the Entrepreneurs need to live and breath their business as need to have full faith in it and the power to push the company in the right direction. The Good Business Plan needs to help the analyze the business to see if it makes sense and how it will be gaining investments and funding for it. It is important to keep the business plan short and direct so it is easier for the Investors to understand and communicate it like your story. The company description it’s the vision and its goals. Market Size- What are the potential audiences that the company will reach. Technology Description- The new technological idea which is being used to for the company. Competition- It is very important to be aware of them and where does the product fit in the market. Sales/Revenue generation explanation of how to generate revenue and make it profitable to run the company. Management- It is important to keep everything balanced and everyone on the same page.

Entrepreneurship 10 page

Being an Entrepreneur is to be objective of creating something novel and useful based on their own ideas and must be different and useful ideas can be related. These ideas could be developing better communications, and other technological advances in the market and building new companies. The main goal is to build a long-term value for the company to attract investment and have opportunities. Concentrate on long-term value and wealth of the company. The entrepreneur to have freedom to make own decision and be own boss. They are motivated by controlling their work and pursuing their dreams with it. Sometimes freedom has set backs like less structural environment need to have more self-discipline to accomplish tasks. Passion and Courage are needed, and the Entrepreneurs need to live and breath their business as need to have full faith in it and the power to push the company in the right direction. The Good Business Plan needs to help the analyze the business to see if it makes sense and how it will be gaining investments and funding for it. It is important to keep the business plan short and direct so it is easier for the Investors to understand and communicate it like your story. The company description it’s the vision and its goals. Market Size- What are the potential audiences that the company will reach. Technology Description- The new technological idea which is being used to for the company. Competition- It is very important to be aware of them and where does the product fit in the market. Sales/Revenue generation explanation of how to generate revenue and make it profitable to run the company. Management- It is important to keep everything balanced and everyone on the same page.

Idea reflection Week 2

I got reflections on my business ideas reflection from other students and friends. The activity was an eye opener and the opportunity to the ideas from different angles and different approach. The two ideas were preferred was the car wash and virtually reality meeting. Out of the three ideas the most liked one was the app development for the car washes. There are very few car washes and it play a big role with this as it will give more opportunity for car washes to be able to get more opportunity to get more customer base for them. I need to find a better way to approach all the car washes what generate the income generator. This will be car wash app that will give more coupons or different special based on the location of the car and the customers will be able to buy monthly car washing services threw these app by just going to the car wash and scanning the bar code. Also add special like 1 car wash free after 9 car washes it will generate more customers and repeat customers. This can also open doors for doing business with different car dealers and car wash store app where the customers can pay threw the app. Also develop a gaming section in the app where the customer can play car washing game. The other ideas like virtual reality meeting or different ideas it can help the greatly in the areas of like emergency or other areas like concert and other areas like video calling. This could help in many areas and could be the next big thing. But it is hard to achieve as it needs to have more advance virtually equipment. The third choice of the review checker on different services or have double review like uber or lift was a good idea and the meeting able to see that the checker wasn’t a good idea so I am thinking about able to check and double review system.

3 Ideas- TINST 475

I took a course that involved us taking a everyday work and find the struggle while doing this activity. It was hard to choose from the everyday activities and I thought of car washing and the problem it involves with it. Washing a car is a very important and finding the right one is a struggle sometimes as there are almost no reviews and no price point on them on the internet. The solution of the problem was coming up with an app that will help the customer with the location, the reviews about the car wash based on their choice, the pricing of the car wash and most important the any coupons or discounts of the car wash. It will one platform where it will work with most of the car wash companies and give them coupons based on that and it make almost 10% worth the coupon from the car wash and get that money back as revenue for the app. It is a good business model because it will benefit both the car wash and the app. Virtual reality could be one of the biggest thing the future as of we are going right now. I would like to develop an app where you could do a virtual reality video call to friends in which the person can really see and feel the other person or the person they car calling. It would give the person the full feature and will fix other issues. It would be great if the person who called to get a full highlighted person kind of 3-D projected view so it would be easier to see and feel the person. I saw this Tupac rapper projected view, the projected and it would be next level. There should be corporation that overlooks the reviews of google or other platforms and confirms that the reviews are not biased and free form them.