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29A - Venture Concept No. 2

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Opportunity. I discovered an opportunity in the three-hole punch and hole reinforcer area. In my own personal experience and what has been echoed from many peers is that papers in a binder rip very easily. The only way to fix this is to apply hole reinforcers by hand that requires a serious time investment. I found that there are not automated products on the market and decided to create a two in one three-hole puncher and hole reinforcer that will not only save customers time, but also money. The target market for this product ranges from individual households to office and schools. All three markets have a need for this product and the product will be built differently for industrial vs individual use. As far as demographically, any age from middle school to working adult will find this product useful. This opportunity is very big because once a patent is obtained it will be hard for other larger companies to replicate the product and may have the chance to sell to a larger co...
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30A - Final Reflection

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I thought the most formative experience was creating the venture concept. At this point in the class it was exciting to finally tie in every other exercise we had completed throughout the class to one final assignment. In addition, I was able to see why the other assignments were meaningful and how each one connected with each other to lead to this final assignment. I enjoyed taking my product from just a long shot idea to working through various angles and figuring out what works and doesn’t work. I could see myself in the future actually designing this product and trying to make it work. I do think that I have developed an entrepreneurial mindset. Many classes in the business school does not require you to think outside the box and I believe that I developed a great new mindset to approaching problems. One recommendation I would make to future students is to really think long and hard about what you choose to be your entrepreneurial idea. You are going to spend a lot of time...
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26A - Celebrating Failure

1)     This semester a set a goal out to increase the number of times I go on a run per week. I planned on waking up early and starting most of my days with a run. At the beginning of the semester, I followed my plan for a couple of weeks, however, I ended up constantly putting it off and not achieving my original goal I set out. It took the coronavirus outbreak and gyms closing to force me into a better habit of running daily. 2)     I learned that the most important thing to do when setting a goal is to make sure you start of strong. Looking back, if I had possibly run for consistently for the first month then I would have most likely accomplished my goal. 3)      I think that not reaching my goal just showed myself that this is something that I need to try harder at and really force myself into doing. I think that not reaching your goal or failing at something only makes you a better person, especially if you are able to ...
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