23A

Resource list:





I have a lot to give in terms of time since school went online for the coming semester

VRIN: The amount of time put into a business can easily be linked to increased success. And I believe this is a valuable resource in my business plan since school went online because I will have a much more flexible schedule than I have had in the past. This is also a rare and imitable element as well because many other entrepreneurs may have their time divided into multiple ventures whereas I will be able to focus on my idea


I know many barbers in my area (human capital)




VRIN: This is valuable and rare because barbers in my area can give me potential insight into the hardcomings of working as a barber during this pandemic as well as other roadblocks. Knowing barbers is inimitable because the relationships one has with other people are always helpful to a business and is non substitutable.





I know many of the target customers

VRIN: Knowing many people who have this need is valuable and rare because I can offer them my service more personally. This is also imitimatble because it is a social capital only i possess as well as non substitutable.







I fall into the target market segment my business wants to sell to

VRIN: Falling into the target segment is very valuable and rare because I understand the needs of this segment on a more intimate level because also experience them. This part of my human capital is also inimitable and non substitutable.


I have the financial resources to jump into a business venture thanks to my family

VRIN: My family will support me financially in the business opportunity I choose which checks all the boxes for VRIN analysis





I am very skilled at cutting mens hair with a razor

VRIN: The human capital that is clearly most important is my ability to actually cut hair. This skill is valuable and rare as it allows me to separate myself from the competition. It is inimitable and non substituable because I am the only person who can cut hair in the style I choose.


Very skilled at using scissors to give a haircut as well

VRIN: This is another skills that is very useful to barbers even though i am better with a razor. This skill is rare and valuable in that it sets me apart. It is imitable and non substitutable as well





I know the market well because I have lived in one area my entire life

VRIN:This is a very valuable and rare resource my business can take advantage of because knowing the area one works in can give a lot of insight into nuances the business may lack otherwise. This resource is also imitable to many and non substitutable for my area.





I have worked with accounting firms in the past which has given me experience to traverse uncertain financial situations.

VRIN: My past working experiences are part of my social capital I can utilize to increase the profitability of my business venture.





I have the social resources to find people to help build an app.

VRIN: I have many friends that are technologically capable of creating and maintaining a website. This would help my business in many ways and falls under every category of the VRIN analysis.






I believe the top resource I possess is my ability to cut hair. I think a quality haircut is what will ultimately set me apart from the rest of the competition and will drive my business to profitability.

22A

Youtube link is posted below:





https://youtu.be/fc872mxchrU





The feedback I received from my fellow students on my last elevator pitch has helped me to refine my pitch further. The feedback also helped me get closer to my goal of opening up my own business as well as maintaining it and keeping the business profitable. From the feedback I received I was able to review my own work as well with some of the ideas on how to improve. I used this knowledge to create an even more streamlined pitch that I can hopefully use to convince a potential investor that my idea has potential. As the professor has pointed out, the third time's the charm. I was able to complete my elevator pitch smoothly and effectively on this final try compared to my other attempts and believe I have been able to carve out a real good idea.

21A

I think this assignment was very cool and interesting. I was able to read a book about business that is sure to help me succeed in my own business ventures in the near future. I hope to take the experiences from this book and apply it to whatever I do moving forward in business. the general theme of the book is entrepreneurship. An entrepreneur has a hard working spirit and always is looking for ways to keep revenues flowing and to minimize expenses as often as possible. This book helped to connect and enhance many of the values we have learned in this class. An entrepreneur should not spend a considerable amount of time and research in research and development but rather should focus on how to make revenue as quickly as possible and how to keep the business alive for another day. I would design an exercise where students sit and think of many different opportunities that exist in the world and whether or not that is room to exploit them for profit. The book surprised me a lot with how successful the end business became. I had no idea a business can be grown from the ground up like that.

20A

1.
The domain expert I added to my social capital is a barber in my area named Rafi. I think Rafi is a domain expert in the field of cutting hair because I have heard many positive reviews about him as well as examined the app he uses on mobile phones to allow customers to book appointments. I contacted Rafi through the app which has a direct message feature. For the favor, I asked him what he did to create his app and he helped me to find exactly what I was looking for. Having Rafi in my network will provide me insight into actually working day in and day out as a barber and the mechanics of dealing with an app that sets your schedule.

2.
The market expert I added to my social network is a hostess at a nearby restaurant and market called Canvas. Her name is Alexis and because the crowd that eats at Canvas is similar as a segment to the one I am targeting I figured she could provide valuable insight into the minds of my market segment. I contacted her by going into Canvas. I asked them to keep an eye out and inform me of recent purchases in the market area by kids to try and help me unnderstand their buying habits a bit better.

3.
On Amazon I found a few sellers of hair products and supplies that I can buy in bulk and have delivered to me wiith free one day shipping. Although these suppliers are not actual people
(or they are on the other side of the computer I suppose), Creating a relationship with these suppliers over email and large purchase orders could be very beneficial. i asked them for any discounts that may apply with large orders as a favor and have not heard back.

Reflection

This assignemnt has helped me to realize there is a strategy to filling out your social network and how you can use it to your advantage. 

19A

You:

I am a rising senior at UF. I like to play sports and cook. I have many skills and experiences. I have worked in many places such as nature preserves, restaurants, certified public accounting firms, and banks. I have also volunteered at animal shelters and nursing homes. I have gained a lot from these experiences and can use them as an entrepreneur.




What are you offering:

My customers will have the unmet need of needing a haircut. Customers will need a haircut so bad they will be inclined to pay me to give them one.




To who:

I intend to offer my service to males in their late teens and early twenties. However I am willing to cut anyone’s hair if they want to pay me.




Why:

My customers care about my service because it improves their self image drastically in a short amount of time. A haircut is one of the easiest ways a person can change their entire look.




Core competencies:

My speed, agility, and strength give me an edge when I cut hair that most barbers can not compete with. In fact, my physical abilities are so far off the charts they set me apart from most humans.





I believe all the elements listed above blend together perfectly. I am shocked at the sheer flawlessness of my plan I am reluctant to put it into a post for an assignment as I believe this may lead many people to be jealous of me. The feedback I received on my previous assignments were all positive as I expected because I am so perfect. My ideas are wonderful and I am glad to see the students at UF put aside their jealous feelings to accurately evaluate my plans for entrepreneurship. I also took away that my client base could be refined more.

18A

My customer avatar is a person with many hobbies. After thinking about it however I think some of the stereotypical hobbies of males include sports. Cars are another hobby that my customer avatar would possess and the type of car they drive varys a lot. The type of TV shows they would watch also vary and could include shows about sports and cars. Some of the prototypical customer avatars I would be catering to would be old enough to have children, however, I think my service is geared towards men in their late teens and twenties. Some may be adopted but they may be to personal of a question to consider with regard to my service. My client base would include a wide array of different political views and the types of books they read would also differ greatly.





I have a lot in common with the avatar i described above because I am a male in my early twenties. I like to play and watch sports however I am not into cars as the average guy usually is. I do not have children either.

17A

Link to video:

https://youtu.be/Seff8CPc9so



The feedback that stood out to me from the last elevator pitch was all of them. I enjoy receiving constructive criticism and I think the students of this entrepreneurship class did a good job of evaluating my work and providing feedback I can use to improve my self as well as my work. Some of the feedback included how I did a good job speaking. I can use that to my advantage as an entrepreneur to speak my way through business opportunities that present themselves. I do not believe that any feedback is silly. I believe that if interpreted correctly feedback can always be constructive. Based on the feed back I decided to lean into my ability to read and enunciate clearly. I am able to read words off of a paper well so for this video I wrote more words down and practiced really hard so I could read them even better.