ENT3003

I really liked some of the assignments that allowed me to use my imagination with my venture idea. I thought that I wouldn’t like the elevator pitches and even from the start of the class told myself that I would not do them, however, once I attempted to do the first one I realized that maybe it wasn’t too bad after all and found it very helpful. I am not as camera shy as I usually am. The first time I did the elevator pitch it was so hard not to laugh as my husband recorded me. I think the ones I dislike the most were the ones that required interviews after interviews. It was hard to find people who were willing to give me decent feedback on my venture idea. It was even tougher getting them to answer more than with just one word.  I would have to say creating my customer avatar was pretty cool. I have never had to basically create a life of someone. It was interesting trying to figure out the life of a customer that would buy my product. I think that the elevator pitches are ...

Opportunity There are a number of children who year after year has passed away due to heat stroke as a result of being left behind in a vehicle. The majority of caregivers admitted that it was because they had simply forgotten about the child in the car. There is a hand full that was as a result of being left playing unattended and unfortunately some that intentionally left their child in the car. Parents and caregivers need a way to ensure the safety of their young. With the rising temperatures across the globe, this issue will continue to occur. What most people fail to understand is what is called the greenhouse effected. This happens when a vehicle has all their windows and doors shut. The sun can effectively warm the car on a cooler day. The sun's warm energy is trapped in a vehicle. Not only that but with all the technology that is advancing people spend more time looking at their phones then they do pay attention to what is happening around them. The first thing most p...

I don’t think I would sell the business in the next 5 years. I intend to keep the business but maybe if we are successful enough I will have people to keep the business going for me and I don’t always have to be around. It would give me a chance to do other things I might want to pursue. I do think that it would be nice to see the venture be passed down to my children. I think they may even have more or better ideas that could make the venture boom. I chose this exit strategy because I would hate to see something that I create turn into something that I don’t believe in. I want the values of the company to stay aligned with the original vision I had for it. I personally have worked for a small business and have seen it start out great and after being taken over by someone else who didn’t have the same vision as the original owner, it lost a lot of the loyal clients. That is not what I want. I also think that leaving it to my children would give them an idea of what it is like to run th...

1) About the entrepreneur What surprised you the most?  I did not know that Steve Jobs was adopted. His adoptive father was the one who introduced him to engineering and design. It makes me wonder if he was never adopted would Steve Jobs be the man, he was. Would we have the Apple products we know now, had he stayed with his birth parents. I also did not know that he worked in the company Atari. I was also surprised that his partner Wozniak was willing to give their original design for the computer for free. I was also surprised how fast the company boomed within a short period of time. It went from being worth thousands to being worth billions in a matter of about 3 years. I think what surprised me the most was how he treated people. He was not a very nice person in my opinion. What about the entrepreneur did you most admire? I admire Job's determination. He didn’t let things stop him from going for what he wanted. I also admired that he worked hard with everything that he did. ...

This semester was a little on the hectic side. I don’t believe I failed at anything but I did have a few hardships that I did learn from. In one of my other classes I take the first portion of the semester we had 10 chapters to read from the textbook, a 400-page book, 15 articles, and chapter lectures/other side lectures (ranged between 30 minutes to 1.5 hours each) that I needed to have learned before test one. We were given five weeks to learn all of that information. Because of the hurricane, I lost one week because I did not have any power at my house. I was very overwhelmed with the amount of information that needed to be learned. I thought it was impossible. I really did feel defeated. I thought that the teachers would consider giving us extra time but that didn’t pan out. I didn’t go so bad on the test but I also didn’t get the grade I would have wanted to receive. Next time I feel like instead of going along with the syllabus I should attempt to get a little ahead especially be...

Existing Market So, the people I interviewed were all mothers. I got ideas back such as maybe doing more accessories that they could buy with the car seat or that could come with the car seat. One person mentioned that they like the idea of being able to have something where they could stick a tablet or phone so that their child could watch movies on the device. She explained that when a child is too young it is difficult to have them front facing so that they could enjoy the tv's in the minivan. One of the other mom's thought I should consider doing something with the highchair. It needs some updated features to keep children occupied while they are prepping meals. The third mom thought that I should do something with the stroller. She has seen some out there have cool features but they are almost impossible to afford. She feels I could come up with something "cooler" and more affordable for parents out there. I believe that in the future I could see this business mo...

The Smart Car Seat Opportunity There are a number of children who year after year has passed away due to heat stroke as a result of being left behind in a vehicle. The majority of caregivers admitted that it was because they had simply forgotten about the child in the car. There is a hand full that was as a result of being left playing unattended and unfortunately some that intentionally left their child in the car. Parents and caregivers need a way to ensure the safety of their young. With the rising temperatures across the globe, this issue will continue to occur. What most people fail to understand is what is called the greenhouse effected. This happens when a vehicle has all their windows and doors shut. The sun can effectively warm the car on a cooler day. The sun's warm energy is trapped in a vehicle. Not only that but with all the technology that is advancing people spend more time looking at their phones then they do pay attention to what is happening around them. The ...