Friday, June 19, 2020

16A

One the many things that sets me apart from a lot of people in the world is that I am a student at the University of Florida and am about to graduate with my undergrad in accounting and possibly my masters in accounting in a few years to come. When I think about my human capital this is one of things that comes to mind first because it is an experience that has changed my life for the better and has given me a lot to bring to the table, business wise. I take care of a lot of plants as well. And although this might not sound like all that but taking care of all the plants in my house has taught me how to wait watch things grow. The process of becoming is very unique for all things and it is an important one to go threw to become better and watching my plants grow has taught me that valuable lesson. I also work a lot with animals and have even had the opportunity to raise and train service dogs for the needy. This experience taught me the importance of charity and working with others. And the last two things that set me apart from the rest are my attention to detail and cleanliness. I am a super organized and a neat person. I think that comes out a lot in my work as well. It helps to to keep things very planned out and to stay on schedule.

Interviews: (altered to keep things brief)

https://soundcloud.com/user-954326705/interview-1-shortened-answer

I learned from the first interview that i have a lot of perspectives of my own that are not the same as what other pople think. I would have never considered myself a quick learner.

https://soundcloud.com/user-954326705/interview-2-16a

From this interview I learned that my cleanliness has rubbed off on the people around me. I think this is a good thing though.
https://soundcloud.com/user-954326705/interview316a

In this interview I was able to confirm the fact that I am a hard worker. I have always prided myse;f in my work and it is nice to see other people taking notice.
https://soundcloud.com/user-954326705/interview-4-16a

I learned in this interview what a lot of the same things as in my first interview. I would not have considered myself a problem solver.

https://soundcloud.com/user-954326705/recording-30

I liked being called nice. I always considered myself more friendly though.

although my interview files were shortened up the morning before the assignment was due, I was able to post more streamlined version and summarize the results to save time. I think a lot of these differences are mainly from people perceiving my work as fitting into their life rather than my work as their whole life. this is not necessarily a bad thing but it creates different thoughts about whats going on and what someone is thinking. From my initial list I would not change a thing.


15A

My three interviews began relatively the same. I asked how the customers in my target segment were picking a set of alternatives and what the thought process was behind eventually making their decision. From this, I gathered that my target segment picks a set of hair dressers based on proximity to home and then decides based on reviews from friends and family or their own experience. Due the nature of the service, customers always have to go into the store to get their hair cut which highlights one of the key elements that makes my service so unique and what ultimately creates most of the value for the customer. The nature of my service is also relatively cheap and the transactions are done with cash most of the time. And the purchase decision is a relatively quick one to come too. Customers are able to tell immediately, however, if the purchase was good or not based on whether or not they like their hair when I am finished. From my interviews I was able to identify a few of the key elements involved in my transactions, like how they are mainly cash transactions and customers are able to tell the quality of the hair cut immediately. From this I am able to alter my ideas a bit to fit better in this ever complex market of cutting hair in a cheap and convenient way. 

14A

Over the first half of this semester I have learned a lot about what it means to be an entrepreneur. Professor Pryor has helped me to develop many skills in this short time that I hope to continue working on for the remainder of the semester and into the future to help push my career goals to greater heights. Opportunity identification and creativeness are two of the key traits I have been able to develop in this course and I think they will prove to be very useful in life. During the elevator pitch assignment, however, I felt like giving up because understanding how to post a video on YouTube was a battle in its own regard. I was able to pull through though because of how badly I wanted to keep my grade high and eventually I was able to post my video despite the websites complicated features. My three tips that I would give to next semester's students are to do your work early, watch the videos so you can ace the cupcakes at the end of each week, and work on developing the traits that are important to yourself and the ones that you think you can utilize the best moving forward.

10 Myths About Entrepreneurs That You Should Know Before You Start ...

Friday, June 12, 2020

13A

1)
The thing that surprised me the most about the biography shoe dog was the creativeness of the entrepreneur. I thought he did a good job on his project and worked very hard to become successful with their idea. I most admired the entrepreneur's work ethic and ability to identify key elements to making a successful business plan. I least admired the Entrepreneur's ability to target a market segment. I felt as though this part was a bit under developed and could have acted as a catalyst to the entire operation. I liked how the entrepreneur continued to persevere even though the business did not always look like it was going to be easy to maintain.
2)
I thought the entrepreneur showed a lot of moxie and exhibited a ton of dedication which are core competencies needed to be a successful entrepreneur.
3)
I was a bit confused by the name of the book. shoe makes the business sound like it is a dog yet realistically it was a star, prime for making profit.
4)
I would ask where they were able to develop their conviction. many times I feel great plans are abandoned to early yet most of the great entrepreneurs are able to overcome uncertainty with conviction. I would also ask what they believe was the reason for their success. Even though this question can produce a biased answer I would like to know what they attribute most to their success that wasn't written in the book.
5)
I believe the entrepreneur believes hard work is essential to success in anything, a business and life in general.
  

12A

Because I have decided to open a hair cut service and I am best at cutting men's hair, I decided to pick teenage and adult men as my target segment. Unfortunately, my idea can not be simply locked into a more specific segment because the service is so simply. Fortunately my idea is essential enough that I can still derive a lot of profit, despite the generic nature of the service. I interviewed three of my friends with worst haircuts to figure out when it is the need for a haircut becomes most prevalent in their lives in order to figure out if their needs are similar and if I am able to adjust my business plan to better fit the universal unmet need among my target segment. From my interviews, I was able to determine that the majority of people with unseemly hair cuts face many of the same problems: a less professional look than desired, roasted by their friends often, increased time it takes to style their hair into a look that they do not even like. Usually my client base is very aware of their need as it is hard to forget what one's hair looks like. However, when the need becomes overwhelming the haircuts received usually only bring the length back to an adequate, but not acceptable length. Additionally, clients go back to the same hair dresser often and ask for the same thing. Not reallly putting much research into improving the situation. From my interviews, I can conclude that my clients are looking for an easy way to get their hair cut. My service where I come to them can address this want as well as fix the need of a bad hair style as I am so incredibly talented at what I do. 

11A

1)
I am Jacob Bobet, and I am going into my fourth year at UF as an accounting major. I am a very talented man so it would take more than a single assignment to describe all the skills I possess. So, to keep things short, many people have called me a renaissance man because I am able to do so many things at such a high level. I have worked at large firms like Raymond James, mid sized firms like WithumSmith, and small firms such as BKC. My aspirations are to provide my local area with hair cuts. So starting a hair cutting business that comes to the client would help to to achieve my aspirations.
2)
I am offering a hair cutting service to customers, however instead of having to go to a barbershop, my service will go to the client. we will focus on quality yet maintain affordability. Customers in my area are developing a tendency to avoid pubic places due to the corona virus as well as increased wait times at barbershops that have reopened. My service will take care of those unmet needs by reducing wait times while maintaining social distance from the comfort of the clients own home.
3)
The demographic my service pertains to is pretty much everyone, as everyone needs a haircuts. However, I am better at cutting guys hair.
4)
Customers derive satisfaction from my service because they look better. Looking better is valuable to a lot of people.
5)
My pure talent for cutting hair is what sets me apart from the competition. I am the best at cutting hair and I can offer my service at a reasonable price to everyone in my area.


I believe all five elements of fit together very well. My competencies flow perfectly with my aspirations and I have developed a business plan that is meant to maximize the potential I have to offer. I think this idea can prove to be very profitable.

Friday, June 5, 2020

Thursday, June 4, 2020

9A

Who: Although many people in my area have gone without a hair cut, I believe my opportunity comes from the people who value getting their hair cut and styled. After interviewing five different people I have come to the conclusion that although many people may see the need to get a haircut, there is a large faction who do not. 

What: Based on the interviews I conducted for this assignment it became clear that many people do not see the need to get a hair cut as important as the need to social distance during the Covid-19 pandemic. So this need does not differ based on whether people think they need a hair cut or need something else. Rather, my opportunity differs on whether or not people value getting a haircut during the times we are experiencing right now as a society. 

Why: People inside this boundary have made the decision that getting a haircut is more important than social distancing and the underlying reason for why people need haircuts doesn't differ. People outside the boundary don;t value getting their hair cut. 


Inside the boundary                                                  Outside the boundary
Who is in:

People who value getting their hair cut 
Who is out:

People who do not want to get a haircut at this time due to the corona virus
What the need is:

The need to get a haircut
What the need is not:

People who want to social distance do not want this
Why the need exists:

People grow hair and would like it to be cut.
Why the need does not exist:

Because the corona virus requires us to social distance

8A

In my area many people are still without haircuts, even though barbershops have begun to reopen. This is due to the phased reopening efforts limiting capacity in barbershops which causes wait times to skyrocket and pushes many customers away. So I see an opportunity to run a service where people text me to cut their hair in the comfort of their own home, rather than deal with the long wait times in barbershops. I think this opportunity can prove to be successful in the short term based on the interviews I have conducted in prior assignments in addition to conversations with friends and family. Further, I think this idea can be successful long term because the more people get used to someone coming to their house to cut their hair the less they are willing to go out and wait at a barbershop, regardless of how little the wait times are.