22A- Elevator Pitch No. 3

Elevator Pitch- https://youtu.be/txNXpLgi7FU


There was not too much feedback, that I could go off of when changing my pitch, but I did go through and think about things that I could change to further develop my pitch and make it more concise. I tried to appear more confident and speak concisely.

21A- Reading Reflection No.2

How to Fail at Almost Everything and Still Win Big, Scott Adams

1) What was the general theme or argument of the book?

The general theme of the book was that success does not come quickly, but rather after many failures. The main arguments of the book was that failure eventually leads to success and the author Scott Adams gives lessons and ideas to help you better your life and live a motivated life. Adams gives 3 main life lessons: goals have flaws so build systems to build you life around, work were you are comfortable with the risk, and find an "energy schedule." Adam's says that these will help on your journey for success which often takes time. 

2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003?

I feel like the book connected with this class because it gives skills that as an entrepreneur you may want to know to enhance your skills. I think the life lessons that Adams add to the lessons associated with this class, and overall reading the book gave me new insight on ways to think. 

3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve?

An exercise I could design for the class based on the book would include making a system, which differs from goals because timing is irrelevant and you can adjust your plans day to day. This would also include as way to find your energy to make sure you are energetic and motivated. 

4) What was your biggest surprise or 'aha' moment when reading the book? In other words, what did you learn that differed most from your expectations?

Adam's explaining how goals are flawed surprised me the most, and the fact that many people don't succeed till later in life. Adam's explains that goals are inefficient because they are always in the future and too specific. 

19A- Idea Napkin No.2

I am Akash Kalra an aspiring entrepreneur, I have run few small businesses I have started and I am a student at the University of Florida. I am a car enthusiast and have a lot of experience within the car community. My aspirations for a business include the development of a system of brokers for car buying. I see this as a good opportunity because many people do not know the value of different cars and often have a hard time negotiating price.With this service, I am offering to the customer a more positive car buying experience by giving help to those looking to buy a car. This service would assign a "car broker" to each client and they would assist them in finding the right car and negotiating the price for the buyer. The service would be online and potentially in person. I could even be in similar formatting to an auction. The car buyer would pay a fee based on how difficult the car was to find/ price and how much money the broker saved the buyer. This helps the car buyer with the difficulties they might otherwise face. The unawareness of the the car buying market greatly adds to the support for this sort of service. It is clear that the customer is all people looking for a car, so obviously the market is massive. I would say though it is based a lot on the age and financial means of the buyer so there are some boundaries to the potential consumer biases. All customers are looking for a car to buy and need to consider options and prices. Customers care, because they want an easier shopping experience that is more personalized. They also could look forward to getting better prices with this service. A 2016 study showed that 87% of Americans dislike the car buying experience at a dealership. It also showed that 52% of car buyers bought from the dealership that gave the best experience over the best price. With the service I would be providing the consumer would get both a great experience and price.Although you may think this is similar to other ideas such as Car-max, the process will be different entirely. This business idea is different from nearly all other at the moment, because the system is not generic, but rather a more personalized experience for car shopping which sole purpose is to find the best car for the best price possible. Other services currently available only give ca options with somewhat set prices. A "car broker" can check various sources ask if there are any specifics the buyer wants, and then negotiate prices with dealerships or sellers.

I think my elements for the business idea fit together well, and that the idea has the potential to work smoothly. The need is unmet and the opportunity is very available as there is currently not a product or service the provides both the tools to find the right car and tools to get a good price. The biggest appeal to the idea is that the buyer is getting the car the want for a better price than they would have otherwise. 

Feedback memo- I took feedback from multiple post I had made on my idea, and incorporated it into my idea napkin. It was difficult to find things to include, as there were many positive comments and not too many criticisms or changes that were suggested. I included the fact that someone mentioned the unawareness of buyers looking at the car market, and also included different ideas on how to have the service provided to customers. I also tried to explain how the service is different from others and unique. 

17A- Elevator Pitch No.2

Elevator Pitch- https://youtu.be/dhkUw1NC0R4

Many of the feedback I received was positive and gave me some good ideas of information to include in my pitch. One of the comments I received, reminder me of the typical unawareness car buyers face and I included this.

18A- Customer Avatar

My customer base is very large, so when looking at the prototypical customers behavior there is a lot of variety. From previous interviews I have conducted throughout this course I have gathered much formation regarding my customer. Many people are all looking for a service that can provide them with help to get a good price for a car.They have searched for the right solution, but have not found one. Many of the people I consider to be customers have lots of different hobbies, but I will say the largest market may be the car enthusiast. So the main hobby in this case will be automobiles. The next question almost directly pertains to my category, that they typically drive rare, classic, exotic, luxury, or sports cars. They might watch shows regarding auto sports, or automobiles such as GrandTour or TopGear. They may or may not have children which can affect their buying decisions, although there are many car enthusiasts of all ages. The consumer of the product I propose could literally be anyone, as many people have the need for transportation, and saving money. I would say my avatar is how I see one of my customers to be, but the customer could be anyone.