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30A – Final Reflection

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1)     Read through your posts from this semester. Recall all of the experiences you've had a long the way -- the highs, the lows -- the fun moments, and the moments of drudgery, and even the moments of dread. It was incredibly nerve-racking to have to interview people and get feedback for my product. That was something that was very dreadful. However, once I started talking to people, it would be so rewarding to think that I did what I just did. 2)     What sticks out to you as the most formative experience? The experience that you'll remember years later? What was your most joyous experience? What experience are you most proud of yourself for accomplishing? My experience with being dissed by people who weren’t very eager to be interviewed will be something that I will remember for the rest of my life. I was incredibly proud of myself for doing that out of the whim and it was incredibly rewarding. 3)     At the beginning...

29A – Venture Concept No. 2

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Opportunity . An opportunity was recognized when I left my hometown and arrived at college where my main method of transportation changed from wheels to my own two feet . Gainesville ’ s comical and annoyingly true nickname , Rainsville , become something I loathed and hoped to always avoid . Soggy feet were never appealing and would literally “rain on my parade” during important meetings, trying to get to class, as well as having fun with friends. I came upon a water repellant spray in the mall and with that initial idea, scoured the internet for the best ones to figure out which one was the effective. Like myself, those who need it are those who find that they spend a lot of their time outdoors, whether it is by choice or not. All individuals that have a need for this product want comfort and durability. Whether it be a businessman walking down Wall Street, a hiker on the Appalachian, or a soccer player on wet grass. All three of...

28A – Your Exit Strategy

1)    Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? I intend to sell it in the next five year to a bigger company that will be able to absorb it. However, despite them acquiring the company, they will need to be able to keep the culture and feel of the original company.   2)    Why have you selected this particular exit strategy? This is because I feel this first venture is the first step to working on future ventures that will allow me to work other areas of interest. Selling it to a bigger company will allow it to be expanded and added to the new company’s portfolio and with their stronger customer base, it will drive greater revenue to my previous business. 3)     How do you think your exit strateg...