30A

The most formative experience from this class was conducting interviews with industry professionals in the medical field because they were able to help guide me through the process of coming up with some of my ideas for this class. My most joyous experience was the reading assignments because it was just a few times in the class where we could learn entrepreneurship through great historians. What I'm proud of accomplishing is that halfway through I had a lot of missed assignments and I told myself I have to pick things up, and since then I don't think I missed another assignment! So I was able to improve my habits.

I think I'm much closer to an entrepreneur since the beginning of the class just because I was able to build off of my original idea and develop additions to my original idea. My mindset is defiantly changed into a more entrepreneur because of this class and I think I could come up with more ideas in the future.

My recommendation for students going down this journey in the future is when coming up with ideas, don't listen to instructions as much as your light bulb going off in your head for venture concepts! To perform best in this class you should do assignments a few days before the deadline. They should have a positive mindset and to achieve this they need to be confident and happy with their idea.

29A

 MED-Help

Opportunity 

Many Americans and people across the world with struggling to pay for high priced medical prescriptions and testing’s for diseases in today’s society. Not only has testing for this current outbreak (CoVID-19) been limited in a way allowing only a certain number of patients to get tested a day, but the virus is spreading at rapid rates. People all across the world are affected by this and includes people of all ages. Not too mention people still need there prescription medicine and paying for this at a time like now can also be a problem for the medical field. There is potential for businesses like mine to step up during this unknown window of a medical outbreak and do there part to help those in need.

• ·         Pandemic outbreak provides huge opportunity

• ·         Prescription medicine is still important

• ·         Medicine and testing is limited and expensive

Innovation

My innovation is a business that provides low weekly or monthly plans to help with paying for prescription meds as well as at home quick testing amid this coronavirus outbreak. To start with the prescriptions you set up what meds your getting and from what pharmacy, you then set up how much you want to pay per week with a minimum of 5$ each payment. The company then allows you to pay by mail or online to that pharmacy each week rather than right up front. Saving the money up front is important for some people and worth the 4% charge we use. The Coronavirus side to the company which was added during this outbreak is simple at home testing. You can get sent a little container that is air tight from our company, you then take an ear-swab and touch inside your nose on one side and then in your mouth on the other and send it back to us in the tube. You will have results from us within 24 hours of ordering your tube. Each tube is 20$$ and testing is included through us. You also save time being tested at home.

Venture Concept

The innovation will easily help people save money especially during this unknown time.

• ·         Save money on prescription meds

• ·         Save time being tested at home for coronavirus

• ·         Save money up front

Customers will be all over this at home testing kit because not leaving the house during this time is very important and your not going to be around people that potentially HAVE the DISEASE. Customers will also be all over the idea of weekly payments on necessary prescriptions especially during this time with unemployment.

1.       People will switch from regular testing in public because like I said it’s much easier from home to get tested.

2.       The competitors against weekly payments on prescriptions is other apps that help you find out the easiest way and cheapest way to pay for them. There weakness is not necessarily having the payment plans. I don’t see much competition with the at home Coronavirus testing.

3.       Customer experience is the most important for our company because the medical field isn’t always a happy experience. Price points and savings are also very important because we are for the people over profits during this time but profits remain on our mind.

4.       I would need a handful of I.T. experts to help run the technology side of the company. Sales and Marketing each would need a few people as well. Business could be remote for everyone considering that we are all quarantined. A distributor centrally starting in the southeast for the testing tube would be limited at first.

Final Elements

• ·         My companies secret sauce is uniqueness in that not many other if any companies have the ability to send at home Coronavirus tests and also have a weekly prescription plans as well.

• ·         The next thing I want to tackle is not only Coronavirus at home testing but others like strep throat!

• ·         I see this company in the future only staying up and positive because medicine will always be needed.

  Feedback: My feedback from the first venture concept was that I have a great idea, it's easy to maneuver through, and that it's almost fail proof. So the feedback allowed me to reflect that I have good idea ready amid this virus.Since I made the venture concept not too long ago I was able to keep the concept very similar!





 

28A

The exit strategy I intend to use for my company and innovation is to build it up over the next 15-20 years until it is a very profitable and helpful medical company making a difference for a lot of people. Since it is mainly dealing with prescription medicines and also working against virus' I plan to sell the company and its rights to a pharmacy such as CVS or Walgreens to then make a big enough profit to retire. Selling it after many years will feel good and make me feel like I have done something good for society and myself.

I selected to go with this route with my venture because after many years of setting my own structure and remaining small scale I will have helped many people, however selling it to a huge company like CVS would allow for it to help millions and millions of people which is my main goal.

My exit decision has always been an idea from the start actually but the main goal of helping others in need would remain the same no matter what strategy I had in mind! I think the exit strategy has influenced the way I have developed some of the new ideas such as attacking the corona virus ideas with at home testing, so I'd say it effects some of the internal ideas.

27A

Innovation and entrepreneurship by Peter Drucker

The author makes clear that the book isn't the psychology of entrepreneurship. He is more into talking about how it can be taught to anyone and that behavior is very important. He talked about all different work environments and said that if you change how you do certain things can make a massive difference. He has been teaching innovation and entrepreneurship for decades and this book highlights some of the success he has tested.  

This connects to the ENT class because I can really relate to some of the ideas that Drucker brings up especially the fact that changing certain behaviors can affect your success. I changed my behavior to this class since the beginning and started a new standpoint and  I have found more success through scheduling.

An exercise I would create a set of questions with certain answers relating to specific entrepreneurship behaviors and success and depending on all your answers you will have a certain style of being an innovator, so you can further understand your solid attributes.

My big aha moment from this book is that through testing, trial and error, and decades of testing success Peter Drucker was able to test enough situations to see what works for people and himself in entrepreneurship. 

26A

I had to build this wooden chair for my mom for one of her clients and it started off great. It was perfect until I realized the left arm rest was on the right side! I had to take the entire thing apart and restart from scratch. I almost got to the end again and realized that I had used the wrong screws so the last steps weren't going to work! I restarted again and got it done! My mom didn't see me build it but only the end product so she didn't know about me messing up only the finished product.

I learned that it's not about how you get to something but rather if you get there or not and that this can apply to life as well. For example some people may graduate college in three years or even six years but both people have a chance at success.

I hate failure and hate when people see it because I am a very competitive person. Sometimes I can get angry or even sad when I fail at something and I need to work on some of that because I have to understand that everyone fails at some point in there life. This class has actually taught me about failure because at first I was missing due dates and I didn't want to finish the class, but after getting the hang of the schedule I'm going to get a decent grade in the class, so this was actually a perfect topic this week.

25A

 Existing market
1st interview- Chase Garrett- He said that with medical marijuana so up and coming to have some kind of implementation of that into the company. He said we should be planning some kind of joint-op with medical shops. He expects the customers to be intrigued and interested.

2nd- Lynn Williams- She said that the possibility of nasal prescription medicine should be looked into more  where you don't have to take as often. She thinks our company should do more research about the future of medicine. She also said that customers want stuff that's easy especially older people and that my company is on the right path.

3rd Chas Cook- He said that a good idea for our venture is to create a points system for returning customers to save more. Having returning customers with a point system would create customer loyalty. Customers like rewards and they should expect it.

My company in the future has millions of possibilities being in medical field so there are many routes that I could go. Expanding into more at home testings is one of the first goals I have. Dominating this easy going market of staying at home while you are sick instead of going to the doctor could be big time. Long-term with the at home testing a universal kit with immediate results for 10 most common diseases/infections would be ideal.
Another thing I'd like my company to enter once it's legal everywhere is medical marijuana. With much research already done on this subject there are numerous benefits from the marijuana side of medicine if used correctly. We are still figuring out how are company could implement this but some of the possibilities are creating strains of marijuana for specific needs and people by cross breeding.

New Market
Since my market can be anyone in the world that can get sick, the new market I chose is people maintaining and working on healthy (non-sick patients). With both sides of health markets I could have customers at all points of there life. When people recover from sickness or just want to be healthy will receive a discounted personal health booster plan including things like Vitamin-C boosters for immune systems.

1. Logan Braswell- He thought that being able to help the sick even after they recover is a very dominant idea. He thinks that being able to market health and staying healthy right after people are sick or during is very important and that I must be able to adapt to a whole new market.
2. Brad Saxton- The new market is very competitive and very hard to enter is the advice he game me. He said adapting to this market with uniqueness is very key to success.

I learned that entering this market of health is very hard. People online and person have personal training with workouts, food plans, and more. I was surprised about how hard this market would be but if you think about health as gyms, diets, and training then you realize how big it is. I think tha it's possible to pull off especially that I have a two-headed snake of a company if I can pull off the second market.

Some of my expectations were right, such as this being a very big market were correct. I think that both markets are really good but the first one medicine is bigger and more important, because anyone can get a disease and need medicine, while not everyone is going to try and maintain there health when they are not sick. I am excited to see where medicine and health could potentially lead me!

24A

 MED-Help

Opportunity 

Many Americans and people across the world with struggling to pay for high priced medical prescriptions and testing’s for diseases in today’s society. Not only has testing for this current outbreak (CoVID-19) been limited in a way allowing only a certain number of patients to get tested a day, but the virus is spreading at rapid rates. People all across the world are affected by this and includes people of all ages. Not too mention people still need there prescription medicine and paying for this at a time like now can also be a problem for the medical field. There is potential for businesses like mine to step up during this unknown window of a medical outbreak and do there part to help those in need.

• ·         Pandemic outbreak provides huge opportunity

• ·         Prescription medicine is still important

• ·         Medicine and testing is limited and expensive

Innovation

My innovation is a business that provides low weekly or monthly plans to help with paying for prescription meds as well as at home quick testing amid this coronavirus outbreak. To start with the prescriptions you set up what meds your getting and from what pharmacy, you then set up how much you want to pay per week with a minimum of 5$ each payment. The company then allows you to pay by mail or online to that pharmacy each week rather than right up front. Saving the money up front is important for some people and worth the 4% charge we use. The Coronavirus side to the company which was added during this outbreak is simple at home testing. You can get sent a little container that is air tight from our company, you then take an ear-swab and touch inside your nose on one side and then in your mouth on the other and send it back to us in the tube. You will have results from us within 24 hours of ordering your tube. Each tube is 20$$ and testing is included through us. You also save time being tested at home.

Venture Concept

The innovation will easily help people save money especially during this unknown time.

• ·         Save money on prescription meds

• ·         Save time being tested at home for coronavirus

• ·         Save money up front

Customers will be all over this at home testing kit because not leaving the house during this time is very important and your not going to be around people that potentially HAVE the DISEASE. Customers will also be all over the idea of weekly payments on necessary prescriptions especially during this time with unemployment.

1.       People will switch from regular testing in public because like I said it’s much easier from home to get tested.

2.       The competitors against weekly payments on prescriptions is other apps that help you find out the easiest way and cheapest way to pay for them. There weakness is not necessarily having the payment plans. I don’t see much competition with the at home Coronavirus testing.

3.       Customer experience is the most important for our company because the medical field isn’t always a happy experience. Price points and savings are also very important because we are for the people over profits during this time but profits remain on our mind.

4.       I would need a handful of I.T. experts to help run the technology side of the company. Sales and Marketing each would need a few people as well. Business could be remote for everyone considering that we are all quarantined. A distributor centrally starting in the southeast for the testing tube would be limited at first.

Final Elements

• ·         My companies secret sauce is uniqueness in that not many other if any companies have the ability to send at home Coronavirus tests and also have a weekly prescription plans as well.

• ·         The next thing I want to tackle is not only Coronavirus at home testing but others like strep throat!

• ·         I see this company in the future only staying up and positive because medicine will always be needed.

23A

• I have funding -Valuable because funding starts everything. Funding isn't rare. It's not very inimitable. Funding can't really be replaced by anything else.
• I have industry know how (educational advantage)- Valuable because it puts me in the right direction. Slightly rare because some people don't know the industry. Anyone can gain knowledge if they look for it. Knowledge can be replaced by advice.
• Support Systems- Support Systems are very valuable. Support systems are mildly rare. Certain support systems are very inimitable. Support systems can be replaced by employees or other support areas.
• Premises (location)- Valuable because in Florida for health. Location is kid of rare. Not every can copy my location. Can't be replaced by anything except other locations.
• Time- Very valuable. Time is limited but not rare. Inimitable. Time can't be replaced by anything.
• Energy- Valuable. Not rare. Not inimitable. Energy is it's own kind of category.
• Expert advice- Very very valuable. Slightly rare. Certain advice is very inimitable. You can't replace certain expert advice.
• Research- Very valuable. Not rare anyone can do research. Not inimitable, maybe certain findings from your research can be. Can be replaced by knowledge.
• Workforce- Very valuable cause you need help producing. Not rare. Very Inimitable. Nothing can replace workforce.
• Equipment - Valuable. Not rare. Easy to copy and replace.

Time is the most valuable and important resource in my opinion because you only have a certain amount of hours a day to get stuff done. Using your time wisely can get you very far and help you to have success. Time is precious and no one has unlimited time!

22A

1. https://youtu.be/0ruldzwZUoc

2. I didn't receive any feedback from my second elevator pitch so I had my family look at it. They thought that I should change from such a mono tone voice and be a little bit more happier. I was surprised by that but it was also very constructive. There wasn't any silly feedback but with the corona virus going on we talked about adding that into my idea because of the current circumstances and that I have a medical idea.

3.  I went in and explained that I still have my medical subscription idea that saves people money over a weekly or monthly plan but I brought up what we would be doing adjusting to the corona virus. My new additional idea for my original idea was to add another aspect of at home COVID-19 testing. You get sent and air tight package in which you get a q-tip and swab your nose and mouth on opposite sides. You then put it in the air tight container and ship it to a facility to get tested, saving you time and staying in quarantine.

21A

1. I read The Art of Social Media: Power Tips for Power users by Guy Kawasaki. This books main theme was helping the reader or anyone that wants to build a successful social media page for people that aren't too familiar with it. The book is for people that want to use marketing through social media. The book wants you to treat your social media professionally because you don't know who's looking. The book is very beneficial for everyone because it also talks about how jobs go to your social media as a second reference to figure out what kind of person you are. It also goes into how people should be careful what there posting because you can't delete stuff off the internet.

2.I think this book really connected to my ENT class because most of the stuff we are dealing with is building a blog for other users to see. This book would help if I really wanted to pursue a product and get it out there to users and produce content on my own. The internet is very important in marketing and the tools and information from the book could be combined with a product for success.

3. An exercise that I would create for this class is provide different levels of social media starting with a few photos for profile pictures and the students would have to choose which ones are appropriate and professional. Then I'd put out multiple posts from Twitter and Facebook, etc.. some being professional and some not, and the students would have to choose again which ones they think someone hiring would think is okay.  I'd do this through all aspects of social media that might have a factor in hiring.

4. Well my big moment from this book is realizing how often businesses actually look at your social media accounts to see what you look like and how you act. I look at social media as fun and sharing but may need to make a few adjustments as I approach my future.