In reading chapter 3 from the textbook, I am a little bit surprised that team building is a listed quality of an entrepreneur. I say this only because just thinking about an entrepreneur, you think of the individual who created what ever it is that they created. You don't really stop and think of all of the resources (the team) that they had to put together to make the entrepreneurial idea take off.
I am not entirely sure why the author uses profit motive as a measurement of risk for an entrepreneur. In class, I believe we said that profit is not really what the entrepreneur is seeking. Of course, why would someone create something that will not make money, but, that is not the idea. I think rather than calling it a profit motive, maybe thinking of it as capital to do another project. An entrepreneur only has so much capital to get an idea off the ground. If they use all of it on something that may they determine to be likely to fail, maybe put less money into it, or not do it at all.
Showing posts with label Week 3. Show all posts
Showing posts with label Week 3. Show all posts
Sunday, January 24, 2016
Week 3: Identifying Local Opportunities
This is a list of five local news paper articles I found and want to share with you today that present a problem with an opportunity. Each and every problem in life is simply an opportunity to make it better.
1. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A7EB54875837F0?p=AWNB
1. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A7EB54875837F0?p=AWNB
Anti-gambling group targets deal with Seminoles
In this article, the Seminole Indians had a specific deal for gambling in both Miami Dade county as well as Broward. That contract has just recently expired, and they continue to offer their gambling. An Orlando organization called No Gambling is trying to prevent them from renewing the contract and definitely keep them from expanding their locations beyond those two counties.
The problem in the story is that the Seminoles want to keep their gambling rights, while Orlando's No Gambling organization is trying to make the gambling leave the state.
The Seminoles and the Orlando No Gambling organization face this issue.
2. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A83F20C6E8A958?p=AWNB
Recent crash at UCF highlights heroin hazards
This article was actually very disturbing as I read it. There was an automobile accident on the campus of UCF and the car was on fire. UCFPD was trying to get the man inside to leave his car, but he insisted on lighting a cigarette inside while gasoline leaked out beneath his feet. The officer then noticed a large syringe that the man had just used for heroin. There has been a bad outbreak in the last few years in Orlando with heroin overdoses so they are trying to take action to stop it.
The problem is the spike in usage of heroin in Orlando, especially near the university.
This problem is the areas around UCF that need to be helped and/or cleaned up to help remove the drug problems so it is safer for students, and anyone else around campus.
3. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A83F1FEAF711B8?p=AWNB
Dark side prevails as 'Star Wars' film delayed - Release of 'Star Wars: Episode VIII' pushed back to December 2017
If there are any Star Wars fans out there, you will be upset to know that the next movie was delayed from May of 2017 now to December! There was not a real reason to why it was pushed back, but it now has to compete with the second Avatar movie, which also comes out December of 2017.
The problem here is that one, people have to wait longer for the new movie, but two, it has to compete with another very highly rated movie in the same month!
This appears to be a problem, or an opportunity all in the same for the film makers, and movie theaters.
4. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8936B034785F8?p=AWNB
Garbage, yard waste woes still evident, street by street - County says it's improving service, though
This article is speaking on the side of the homeowners who cannot figure out exactly why they have had trash piling up in their front lawns for the past few weeks. The Garbage company has created a cheaper routine for trash pick-up, but obviously so far it has not been enjoyed by the homeowners.
The problem I see in this article is conflict of homeowners putting the new cans out correctly, as well as the new system missing large portions of their area and a build up of trash.
This problem is directly on the garbage company as well as the homeowners because they are both messing up throwing a wrench in the process.
5. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D71F243AA0?p=AWNB
Millennials increase savings but fall short of target rate
This article is particularly interesting to me given that I would like to be a financial advisor. It is speaking about the millennials, which the article refers to as people between the ages of 25-34. Basically, it says that the percentage of savings done by this group of people has increased a couple percentage points in the last few years. However, according to them, they need to increase it a lot more for these individuals to be able to retire comfortably without fear of living past their savings.
The problem here is that people do not tend to enjoy saving their money. I mean after all, isn't that hard earned paycheck there to spend now?
The problem is targeted at the millennials not having enough to retire, but also, the problem will soon turn to the younger population if they wait a long time to begin saving. Obviously, the sooner you start saving, the more money you will be able to accrue.
2. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A83F20C6E8A958?p=AWNB
Recent crash at UCF highlights heroin hazards
This article was actually very disturbing as I read it. There was an automobile accident on the campus of UCF and the car was on fire. UCFPD was trying to get the man inside to leave his car, but he insisted on lighting a cigarette inside while gasoline leaked out beneath his feet. The officer then noticed a large syringe that the man had just used for heroin. There has been a bad outbreak in the last few years in Orlando with heroin overdoses so they are trying to take action to stop it.
The problem is the spike in usage of heroin in Orlando, especially near the university.
This problem is the areas around UCF that need to be helped and/or cleaned up to help remove the drug problems so it is safer for students, and anyone else around campus.
3. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A83F1FEAF711B8?p=AWNB
Dark side prevails as 'Star Wars' film delayed - Release of 'Star Wars: Episode VIII' pushed back to December 2017
If there are any Star Wars fans out there, you will be upset to know that the next movie was delayed from May of 2017 now to December! There was not a real reason to why it was pushed back, but it now has to compete with the second Avatar movie, which also comes out December of 2017.
The problem here is that one, people have to wait longer for the new movie, but two, it has to compete with another very highly rated movie in the same month!
This appears to be a problem, or an opportunity all in the same for the film makers, and movie theaters.
4. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8936B034785F8?p=AWNB
Garbage, yard waste woes still evident, street by street - County says it's improving service, though
This article is speaking on the side of the homeowners who cannot figure out exactly why they have had trash piling up in their front lawns for the past few weeks. The Garbage company has created a cheaper routine for trash pick-up, but obviously so far it has not been enjoyed by the homeowners.
The problem I see in this article is conflict of homeowners putting the new cans out correctly, as well as the new system missing large portions of their area and a build up of trash.
This problem is directly on the garbage company as well as the homeowners because they are both messing up throwing a wrench in the process.
5. http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D71F243AA0?p=AWNB
Millennials increase savings but fall short of target rate
This article is particularly interesting to me given that I would like to be a financial advisor. It is speaking about the millennials, which the article refers to as people between the ages of 25-34. Basically, it says that the percentage of savings done by this group of people has increased a couple percentage points in the last few years. However, according to them, they need to increase it a lot more for these individuals to be able to retire comfortably without fear of living past their savings.
The problem here is that people do not tend to enjoy saving their money. I mean after all, isn't that hard earned paycheck there to spend now?
The problem is targeted at the millennials not having enough to retire, but also, the problem will soon turn to the younger population if they wait a long time to begin saving. Obviously, the sooner you start saving, the more money you will be able to accrue.
Friday, January 22, 2016
Week 3: Very Short Interview No. 1
What does it mean to
be an entrepreneur?
An entrepreneur is
someone who is able to find needs or voids and then develop a product or
process to complete that need or void. The need could be something
missing altogether or an improvement on something that already does exist.
What do you
think I should learn in an entrepreneurship course?
Seems like the basic,
necessary skill for an entrepreneur is to be able to identify or create a
marketable need. Then to be successful, one should also learn marketing,
budgeting, business finance, time management, communication, and the business
start-up process and alternatives.
What do you wish you had been taught
in school before setting out on your own path as an entrepreneur?
I think time
management is a necessary skill that did not have much focus. Also,
methodology for raising capital and how to create a strategy for growing the
business would be important information to learn in school.
Tuesday, January 19, 2016
week 3: World's Biggest Problems
10 of the words BIGGEST problems:
1. Isis is a huge problem for almost all of the world
I think a probable solution to Isis would be by going after the issue via campaigns and propaganda. That is essentially their entire recruiting strategy, therefore, if you are able to advertise why 'not' to join Isis, I feel that it may help destroy their goal of gaining supporters. Obviously there is more too it, and much that I do not know, but this seems like a good start in my opinion .
2. Our politicians act like savage animals on the campaign trail.
This to me is a huge problem. I am almost embarrassed for other countries to see how our politicians act while they are trying to get elected. When I first watched the movie "The Campaign", staring Will Ferrell, I thought it was a great mockery to how people look at politicians. Now, however, it appears to represent the actual way they are by a much smaller stretch of the imagination.
3. I love to fish, and it kills me when my family and I go to the coast and see trash in the water.
Even when people know that it is horrible for the oceans to have plastic, and other harmful things in our waters, they ignorantly and lazily toss their garbage right into the water anyways. I have seen waste baskets near the beaches and on fishing piers, so something has been done. It is up to the people now to stop being lazy and just do the right thing.
4. In other countries there are people starving to death and dying from contaminated water.
Though the United States does make an effort to give some of these places food and clean drinking water, it is still seen all to often that there are many people dying each day because of this. I am not sure how this problem would be solved, but it is very sad to know that it is happening.
5. There have been a significant amount of mass shootings in the past several years.
If I was to give my opinion of a solution, I would say that it is important to allow mentally stable, non-criminals to carry a weapon with them for their own protection. Taking away guns from the law abiding citizens does not stop the criminals who do these hate crimes from continuing. If people are carrying a weapon in most of these cases, there may be a few deaths still, but I am certain that the shooter would be stopped before a large number of innocent people's lives are taken.
6. Just down the road from UF there is a large tent city, which is a homeless population that lives in tents as you may assume.
Many people in Gainesville could possibly go their entire time living here and never know that it was there. I only recently found out because I was looking at an apartment near it and the property manager informed me about it. A solution to this could probably be to find a way to get these people some kind of job for an income. Many of them may have some kind of criminal background, or health reason to why they aren't working, but if we could come up with something to give them an earned income rather than asking tax payers to fund it, I think that this would create a great impact.
7. In every city, there is some kind of problem with drugs in the streets.
I am not sure what exactly could be done to prevent drugs from entering the streets, but I do know that making them illegal has not done very much to help. If I am talking about prescription drugs, one thing might be to tighten up the sales to people by the doctors and pharmacists. Sometimes it is as easy as going to the doctor and telling them you have a symptom of something that calls for that drug and in some cases it is prescribed just like that.
8. Not as big of an issue, but people are always seeming to be attached to their cell phones.
I have noticed that most people, including older folks, are becoming dependent on their cell phones. I am quite confident that if you were challenged to go 24 hours without it, most people, including myself, would have a very difficult time with that. It has become a key part of every day life. A solution to this I guess would be to use more face to face communications or phone calls rather than the typed form of communication that shows know sense of communication skills. The only thing typing does is it shows how grate of a spelar you are. :)
9. My finance professor informed me how little students study now versus how much we used to study just a few years ago.
This is a problem. Students are spending less and less effective time studying, and more time doing other things. This goes back to the cell phones again briefly. It is very easy to be distracted by your phone and put off that boring studying you need to do. It is only natural to find a reason to stop doing something that is not exciting. I think the cell phones and electronics as a whole going away during studies would increase the study time a little bit.
10. Now that I am clearly running out of big issues to talk about, I suppose I will mention fishing again. It is horrible when I am fishing for crappie out on the lake just this past weekend and watch a man take a 5 inch fish and toss it into his cooler for dinner.
There are specific size regulations on certain fish, such as crappie, so that they can have a sustainable harvest. How can people accurately and effectively protect fish, when people feel that it is okay to make their own rules? This is another case where people just need to step up and be more responsible.
This is an image of a tent city to show just what it looks like and how big of a problem this could be.
1. Isis is a huge problem for almost all of the world
I think a probable solution to Isis would be by going after the issue via campaigns and propaganda. That is essentially their entire recruiting strategy, therefore, if you are able to advertise why 'not' to join Isis, I feel that it may help destroy their goal of gaining supporters. Obviously there is more too it, and much that I do not know, but this seems like a good start in my opinion .
2. Our politicians act like savage animals on the campaign trail.
This to me is a huge problem. I am almost embarrassed for other countries to see how our politicians act while they are trying to get elected. When I first watched the movie "The Campaign", staring Will Ferrell, I thought it was a great mockery to how people look at politicians. Now, however, it appears to represent the actual way they are by a much smaller stretch of the imagination.
3. I love to fish, and it kills me when my family and I go to the coast and see trash in the water.
Even when people know that it is horrible for the oceans to have plastic, and other harmful things in our waters, they ignorantly and lazily toss their garbage right into the water anyways. I have seen waste baskets near the beaches and on fishing piers, so something has been done. It is up to the people now to stop being lazy and just do the right thing.
4. In other countries there are people starving to death and dying from contaminated water.
Though the United States does make an effort to give some of these places food and clean drinking water, it is still seen all to often that there are many people dying each day because of this. I am not sure how this problem would be solved, but it is very sad to know that it is happening.
5. There have been a significant amount of mass shootings in the past several years.
If I was to give my opinion of a solution, I would say that it is important to allow mentally stable, non-criminals to carry a weapon with them for their own protection. Taking away guns from the law abiding citizens does not stop the criminals who do these hate crimes from continuing. If people are carrying a weapon in most of these cases, there may be a few deaths still, but I am certain that the shooter would be stopped before a large number of innocent people's lives are taken.
6. Just down the road from UF there is a large tent city, which is a homeless population that lives in tents as you may assume.
Many people in Gainesville could possibly go their entire time living here and never know that it was there. I only recently found out because I was looking at an apartment near it and the property manager informed me about it. A solution to this could probably be to find a way to get these people some kind of job for an income. Many of them may have some kind of criminal background, or health reason to why they aren't working, but if we could come up with something to give them an earned income rather than asking tax payers to fund it, I think that this would create a great impact.
7. In every city, there is some kind of problem with drugs in the streets.
I am not sure what exactly could be done to prevent drugs from entering the streets, but I do know that making them illegal has not done very much to help. If I am talking about prescription drugs, one thing might be to tighten up the sales to people by the doctors and pharmacists. Sometimes it is as easy as going to the doctor and telling them you have a symptom of something that calls for that drug and in some cases it is prescribed just like that.
8. Not as big of an issue, but people are always seeming to be attached to their cell phones.
I have noticed that most people, including older folks, are becoming dependent on their cell phones. I am quite confident that if you were challenged to go 24 hours without it, most people, including myself, would have a very difficult time with that. It has become a key part of every day life. A solution to this I guess would be to use more face to face communications or phone calls rather than the typed form of communication that shows know sense of communication skills. The only thing typing does is it shows how grate of a spelar you are. :)
9. My finance professor informed me how little students study now versus how much we used to study just a few years ago.
This is a problem. Students are spending less and less effective time studying, and more time doing other things. This goes back to the cell phones again briefly. It is very easy to be distracted by your phone and put off that boring studying you need to do. It is only natural to find a reason to stop doing something that is not exciting. I think the cell phones and electronics as a whole going away during studies would increase the study time a little bit.
10. Now that I am clearly running out of big issues to talk about, I suppose I will mention fishing again. It is horrible when I am fishing for crappie out on the lake just this past weekend and watch a man take a 5 inch fish and toss it into his cooler for dinner.
There are specific size regulations on certain fish, such as crappie, so that they can have a sustainable harvest. How can people accurately and effectively protect fish, when people feel that it is okay to make their own rules? This is another case where people just need to step up and be more responsible.
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