Skip to main content

Was it Easy??

#T Inst 475
#Blog post 2

      At first it does feel strange that you are discussing about your ideal plan to a group of people who you don't know, but at the same time it feels great when people start admiring your idea. When our professor made groups in class I was a bit nervous to discuss my business idea, but after other people started talking about their plans, I felt more comfortable discussing my idea because my group was giving positive feedback. After getting out of my nervous zone I started sharing my idea about renting jerseys and I thought to myself maybe they won't like or its not a great idea compared to what they had, but they liked my idea and thought its a great idea to help people who can't afford expensive jersey's. Also some of my peers thought it was a good idea because sport events don't happen daily they happen like once a week so just renting a jersey can work because sports fan will wear it for that specific day and just return it and will save money. 
       After the positive feedback I felt good and I don't feel that nervous anymore about sharing my idea because I realized that if I talk to more people I will get some knowledge whether my business will work or not. It wasn't that easy to talk about my idea but at-least we got good feedback so in the future we can fix some errors that can be possible in our plan. While explaining I took a deep breath and imagined if my peers were like business investors and I tried to explain my idea in a way where they should of jumped out of their seats and said "Yes this is it!". Although in my case that didn't happen but the feedback was great!
     

Comments

Post a Comment

Popular posts from this blog

Startup.com

So after watching this movie we got to see the perspective of two young entrepreneurs that were trying to reach success.  We get to see their journey from when they started and how they started which was really fun to watch. This documentary was involved around two friends one named Kaleil Isaza Tuzman and Tom Herman.  In the beginning these two fellows were trying to figure out the name of the company. They were arguing about what should they name the company. Kaleil thought maybe govWorks wont work but after giving another thought he said yes and said that govWorks will be a good choice. After that they tried to find investors. They purposed there plan to many investors where some investors were like go to the west coast because they do internet related stuff, but they didn't give up. They found the right investors and went along, but had to face many obstacles but thats how business works. As the documentary was going along, we as viewers saw how from 8 employees the compan...
1 comment
Read more

3 Business ideas

#T Inst 475  Coming up with new business ideas are really hard and one has to be be really innovative to do that. At first I was struggling to find the right ideas but after a deep thought I figured out 3 good ideas in my opinion. First off, I started thinking about my hobbies. I am a sports fan so I love playing and watching sports such as basketball/football. So my idea is that what if we can rent jerseys. I came up with the idea because there are many people who might find jerseys expensive so renting them at a cheaper price can help them support their favorite team during game days. There also would be a condition that they can only rent for at least 2 days. Don't worry the jersey's will be clean and washed every-time before they are rented. So I was thinking maybe we can make an app where people choose what jerseys they want to rent and we can get them delivered. Plus after two days the customer has to mail back the jersey or we will keeping charging them on their credit...
Post a Comment
Read more

How do you getting funding?

Funding plays a big role in business. When you have an idea but it requires a lot of money then one needs a good amount of money to make the idea work. In class we went through the step to get funding. So its good to go over it because I now have an idea how I want to get funding.  Basically self funding will be a good start and as we learned in class most entrepreneurs take that step because they are just starting. So after a little bit of self funding then the next step is borrowing money from family/friends. This step can be easy to do or hard because it depends on your family/friends if they want to invest money to make you successful. So in process of funding family/friends can help. So for sure i'm going to take this step and ask for money because the product I am trying to create has sensors involved  and will cost money. Then comes the next step of Angel investing. After lecture we learned that Angel's are private Accredited investors who seek to make investments in yo...
Post a Comment
Read more