Entrepreneur in Training!

Venture Concept #1: YouEat! Opportunity While brainstorming about this idea, it almost immediately dawned on me that I should target a group of customers that I know from personal experience, young adults. A key component of my business plan is the notion that often times, people are busy and preoccupied with other life events to the point that they will leave little to no time to cook and prepare meals on their own. Based on my own life experience, I know that this demographic has an unmet need for healthier, affordable meal options that require little to no time for preparation and can be cooked very quickly. Individuals in this demographic need meal options that require minimal time, effort, and resources to produce.  The forces in the environment create this opportunity as a result of the fact that young adults in the United States typically work or study very hard while also having to focus their attention on a variety of other areas, including their social life, romant

I decided to read about Steve Jobs and his journey with Apple. I have always had a strong preference for Apple products, so learning more about Jobs was a no brainer for me. I was most surprised by the fact that Jobs dropped out of college. I've often heard the notion that many of society's most successful and influential figures do not complete their college degrees. However, Jobs always struck me as someone with a college degree, so this caught me off guard. While reading about his life, I found myself most admiring his sheer sense of determination and faith in himself. No matter the hardship he experienced, he knew that he would be able to overcome it. Once he realized what he wanted to do with Apple, he decided to see it through as best as he could at the time. I really admire his sense of passion and dedication to what he believes in. I least admired his arrogance and lack of care when interacting with others. I believe that everyone has an obligation to be decent to other

All good things truly come to an end.  1. I intend to sell my business once I have get an offer that I cannot refuse, assuming the business takes off and is reasonably successful.  2. I choose this particular strategy because in my eyes, I want to sell while I know I can make a good return on the business, as any number of market factors can change at any given point, potentially leading to a decrease in what I earn as profit. I want to make sure I will have money to live off of and not take risks, therefore selling while I am guaranteed a decent sum.  3. It has somewhat affected the other decisions I’ve made, as I’ve deliberately tried to avoid risk and operate this business with as little initial investment as possible, instead opting for a somewhat slow launch with gradual expanding in order to ensure I don’t expand beyond my means. I want to grow my business, however, I want to do so without risking too much as I don’t have the financial means to risk it al

1. If I had to discuss a time where I failed, I'd honestly say it was for this class. To be specific, I failed with sticking to the course deadlines and turning things in on time, be it submitting the cupcakes, comment assignments, or the actual main blog posts. I tried many times to get it right, but each time I would check and the deadline had passed. I'll likely end up with a C as my final grade which is something that I'm not exactly happy with. I can't be too hard on myself, as I took this class while studying abroad in London this summer (where I am currently writing this post). I've truly lived and enjoyed this experience to its fullest, creating some amazing memories I'll carry with me for the rest of my life. I can't say I really regret not keeping on top of my responsibilities for this class, as I know that it won't really matter in the grand scheme of things and I'm much more satisfied with how this experience has gone. I'm glad I focu

25A - What’s next?  Existing Market In terms of expanding my existing service, I believe something to look to consider in the future is adding useful features in exchange for higher monthly subscription rates. In the future, some of the higher subscription tiers could include special benefits to help make a user’s life easier, such as including a weekly or biweekly meal prep kit box that would be delivered to the users door. While our initial offering already simplifies our app users’ lives tremendously, this meal prep box would do that even more so, as it would cut out the need for customers to have to decide on their own what to purchase at the grocery store or even go altogether, save for some perishable goods, like milk or meat for instance.  Upon asking my potential customers what they would want to see in the future, the first individual stated that they would would like for us to expand past an app on a smartphone ad actually design and launch the same app for smart wa

Venture Concept #1: YouEat! Opportunity While brainstorming about this idea, it almost immediately dawned on me that I should target a group of customers that I know from personal experience, young adults. A key component of my business plan is the notion that often times, people are busy and preoccupied with other life events to the point that they will leave little to no time to cook and prepare meals on their own. Based on my own life experience, I know that this demographic has an unmet need for healthier, affordable meal options that require little to no time for preparation and can be cooked very quickly. Individuals in this demographic need meal options that require minimal time, effort, and resources to produce.  The forces in the environment create this opportunity as a result of the fact that young adults in the United States typically work or study very hard while also having to focus their attention on a variety of other areas, including their social life, romantic