30A Final Reflection

Nov 25, 2019

In the begging of the semester is always a stressful time remember what all the classes expectations are and how the course is going to go and that didn’t fail with this class. I was very confused at the beginning because I have never taken a class like this one with having to post blog weekly and going in with the fear of not knowing how to blog right. This class taught me a lot and that’s solely because of blogging. Having a platform where the assignments aren’t supposed to be structured in any way and having the freedom to be creative and being able to connect to other students was really awesome. Years from now when I am reminiscing on my college years this class will stick by me because I will have used in my decision making and using tools form this class to analyze opportunities to see the worth of choice. I defiantly don’t consider myself an entrepreneur however I don’t see it as an impossible goal after taking this class. Now I believe that being an entrepreneur can be anyone and you have to understand that there are always opportunities and to keep your eyes open and never be scared to fail. The one recommendation I have to a future student is to have fun with this class. It’s an easy class if you stay on top of your work and watch the lectures. The mindset I say they foster in coming to this class is an open mind and be creative and being different is cool.

29A-Venture Concept No. 2

Nov 25, 2019

Opportunity

 The is no denying the increase of smokers vaping and using e-cigs especially with vaping companies targeting teens and young college students. The opportunity is to raise the age of smoking tobacco all of the United States to the age of 21 to prevent health issues and stop the younger population from using them. The is for sure a need to stop the use of vaping by increase the age with teens becoming very sick and others have died from some sort of electric vape. The people who have the need to raise the age is parents of vapers and teachers who see how addicted they are and how quickly they have become popular. The environmental factors that have made vaping how big it is, is how the vaping companies are targeting and making them for. Vaping companies know where to shops and know how to make fruity flavors that will attract the younger crowd with a sleek look. The results were a huge increase in vaping in the younger population who have never been addicted to tobacco. The market is targeting young college students there are over 25 vape shops in Gainesville alone so by raising the age there will be no need for all of those shops. 

            Customers now in areas that aren’t raised to 21 are still promoting and addictive device to young adults and are enabling them to be addicted. Vaping companies make so much money on making their product so addictive that’s how they are making so much money. By making the age 21 vaping companies will be stopped from their terrible products. The customers who have been using vapes and tobacco products that are under 21 will have to stop smoking or find it on black market. This opportunity is very big because it will make a difference in the country making us feel united and health regulations will be better. The window opportunity is going to be open until something bad happens which is inevitable because sicknesses are already arising so it better to make this change before it is too late. 

Innovation

The way raising the age to 21 on tobacco products works is all states will adopt this law and we will make history as a country. We as students learn about prohibition and all the other important laws that were changed to make a difference and right now is our time to make that difference. Vaping and the use of e-cigs have become an increasing health problem from the fact that its more accessible and are able to do it anywhere. The scary fact about being able to use it all day long is people do and that can only become a health problem and since they have not been out long, we do not know the long-term effects. So, my hope is to make the younger population aware that vaping is not any better than smoking cigarettes and that if we see our friends and loved ones do it not to encourage them and make them aware of how dangerous they are. Making the country aware that vaping is not an alternative 

I would say that this law changing the age is an incremental innovation because it is a market that already exist and is making small changes right now in some city but looking for a change in the country law.  

Venture Concept 

The reasoning behind the push for raising the law is the overall health of American especially worrying about teens and younger adults. I don’t think this law will be hard to pass because it is already getting passed in some cities, like Gainesville, we just have to make aware of how successful the cities are doing with the age being raised. Competitors are vaping companies that are competing to make the next product to that will blow up and be the new rage. Once the age is raised, they are going to lose a lot of business because they will be losing the customer base from the age of 18-20 which doesn’t seem like that much of an impact. Even though that 2 years being changed doesn’t seem like that much of a loss for vaping businesses it will impact their business a lot because that is the audience they are targeting. Once the laws are changed to 21 all of the United States will have to enforce the laws and make sure vaping shops are too. 

The three minor elements

The secret sauce that I have is the passionate and the unity of the country. Having the law being raised will allow Americans to feel that their health is main concern that the government has, and right now is a good time to make a change. 

After the law is raised, I want to see how that change has affected the population and see if vaping dies out or if younger adults just find different ways to access tobacco products. 

In five years, I see that teenagers that are addicted to tobacco products will have decrease dramatically and that vaping companies will go out of business. If smoker is decreased among teens and younger adults, I will feel very successful about how the opportunity has developed and achieved. 

For the feedback I received last time was pretty positive and that my venture concept informed them on how quickly vape shops began increasing and that there are so many vape shops in college town. My venture concept is overall still the same I added how I was going to get the law passed throughout the country by sending letters to senators and making a lot and making more people aware with public announcements and working with bigger companies. 

28A Your Exit Strategy

Nov 20, 2019

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?

My exit strategy is to sell my business concept and I will sell the idea to all the states to raise the age to 21. 

2) Why have you selected this particular exit strategy?

The reason for selling the business once all states adopt the age of smoking tobacco to 21 is because this means that the business was successful and there is no need for to continue the business. 

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

My exit strategy has influenced other decision by preparing for all states to raise the age to 21 and once that happened I would be able to be successful.  My exit strategy represent growth in my business it because I’m selling it once all states have adopted it.

27A – Reading Reflection No. 3

Nov 19, 2019

1)What was the general theme or argument of the book?

I read Thinking, Fast and Slow, Daniel Kahneman and the general theme of the book was to that your brain has two systems and they fight over who control behavior and action. System 1 is automatic and impulsive while system 2 is very conscious, aware and considerate the two system are in constant battle of who gets control and that your brain is lazy and that’s why you don’t use all of your brain and sometimes when solving problems will use system 1 at first then resort to system 2 when they get the answer wrong. 

2)How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003?

This book taught me to carefully analyze the work I am given and to leave my emotions at home. I think this correlate to ENT 3003 because it shows me to really look at the assignment we are given and to understand that I have to think harder and look at different outlets to improve myself in this class. 

3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve?

I would give a couple simple problem and ask the class to solve them giving them 5 minutes to solve the three-simple problem. The trick is these problems are simple but most people when given these problems will use System 1 impulsive and automatic and will get the answer wrong. When they redo the problem system 2 conscious will kick in and they will get the problem right. This exercise shows that not to let your brain trick you and really carefully analyze things.

4) What was your biggest surprise or 'aha' moment when reading the book? In other words, what did you learn that differed most from your expectations?

The one thing that surprise me that system 2 hasn’t always been in our brain it is a “recent “addition to our brain thought process. It’s only a couple thousand years old and the reason we have gained this powerful thought process is because our prioritize have changes over the years from hunting and gathering to have to earn money and run a family. 

26A – Celebrating Failure

Nov 18, 2019

Failure is a hard pill to swallow especially for me when I except perfection. Last year I took accounting, and this was the first time I received a C in a college class, which made me lose all hope about getting into UF. This class was very challenging to me and I couldn’t seem to do good on the quizzes and test. At the very end of the semester I had to accept that I was going to get a C and unfortunately, I had to take the second half accounting the next semester, so I was freaking out and losing faith in myself. I told myself that I had to work as hard as I could the next semester to prosper in the class. Since it was the same teacher, I knew how the class was set up and I study almost every day for the class I got involved in study groups I was began asking a lot of question in class and trying to be the best student. At the very end of the semester I received an A and I was so proud of myself because I showed that I am not a failure and showed myself that when I put my mind to it, I can succeed in anything. 

            This class me taught me that not all classes have to be so strict and structure that you can learn way more by looking outside the box. Also, this class taught me to not take life so seriously that not every entrepreneur is successful and failing is how you learn to take different steps to be successful. 

25A – What’s Next? Submit Assignment

Nov 13, 2019

Existing Market 

1.     The next thing for the health of teens and younger adults is to raise the age to 21 to stop big companies from targeting the younger generation with fruity flavors and fun packaging. With the laws being raised it will allow for dangerous products not to be in the hands of teens to become addicted. 

2.     I interviewed three different people a friend of mine that is a vaper, a friend of mine that doesn’t vape, and a teacher in high school. After I interviewed them, I was surprised mostly by my friend who is a vaper she said that this law will help a lot of younger adults she said that she wishes this law existed already and then she wouldn’t have been addicted. She said that the next thing is to ban certain vape products. Another suggestion was to make all of the companies to go through very extensive health procedures and to let Americans know what goes in the vapes.

3.                 After the feedback I received vaping and e cigs companies need to go through health regulation and make Americans aware of what is going into the products. Vaping and the use of e-cigs have become an increasing health problem from the fact that its more accessible and are able to do it anywhere. The scary fact about being able to use it all day long is people do and that can only become a health problem and since they have not been out long, we do not know the long-term effects. So, my hope is to make the younger population aware that vaping is not any better than smoking cigarettes and that if we see our friends and loved ones do it not to encourage them and make them aware of how dangerous they are. Making the country aware that vaping is not an alternative 

I would say that this law changing the age is an incremental innovation because it is a market that already exist and is making small changes right now in some city but looking for a change in the country law.  

New Market

1.     For my new market I will be dealing with smoke shops and how they make their money and one what product sell the best. 

2.     The venture concept for a smoke shop is to market and find out what the people in your city want and products that might incise them. 

3.     I interviewed two people that go to smoke shops on a regular basis and the other is a worker at the smoke shop.  

4.           After I interviewed the two people involved in smoke shops, they explained to me that the nicotine is a big seller and that’s why a lot of people come in on a regular basis. The one that surprised me was since the age of buying nicotine has increase to 21 buyers have found an alternative and can buy CBD wraps since there is no tobacco in them. 

24A – Venture Concept No. 1

Nov 13, 2019

Opportunity

The is no denying the increase of smokers vaping and using e-cigs especially with vaping companies targeting teens and young college students. The opportunity is to raise the age of smoking tobacco all of the United States to the age of 21 to prevent health issues and stop the younger population from using them. The is for sure a need to stop the use of vaping by increase the age with teens becoming very sick and others have died from some sort of electric vape. The people who have the need to raise the age is parents of vapers and teachers who see how addicted they are and how quickly they have become popular. The environmental factors that have made vaping how big it is, is how the vaping companies are targeting and making them for. Vaping companies know where to shops and know how to make fruity flavors that will attract the younger crowd with a sleek look. The results were a huge increase in vaping in the younger population who have never been addicted to tobacco. The market is targeting young college students there are over 25 vape shops in Gainesville alone so by raising the age there will be no need for all of those shops. 

            Customers now in areas that aren’t raised to 21 are still promoting and addictive device to young adults and are enabling them to be addicted. Vaping companies make so much money on making their product so addictive that’s how they are making so much money. By making the age 21 vaping companies will be stopped from their terrible products. The customers who have been using vapes and tobacco products that are under 21 will have to stop smoking or find it on black market. This opportunity is very big because it will make a difference in the country making us feel united and health regulations will be better. The window opportunity is going to be open until something bad happens which is inevitable because sicknesses are already arising so it better to make this change before it is too late. 

Innovation

The way raising the age to 21 on tobacco products works is all states will adopt this law and we will make history as a country. We as students learn about prohibition and all the other important laws that were changed to make a difference and right now is our time to make that difference. Vaping and the use of e-cigs have become an increasing health problem from the fact that its more accessible and are able to do it anywhere. The scary fact about being able to use it all day long is people do and that can only become a health problem and since they have not been out long, we do not know the long-term effects. So, my hope is to make the younger population aware that vaping is not any better than smoking cigarettes and that if we see our friends and loved ones do it not to encourage them and make them aware of how dangerous they are. Making the country aware that vaping is not an alternative 

I would say that this law changing the age is an incremental innovation because it is a market that already exist and is making small changes right now in some city but looking for a change in the country law.  

Venture Concept 

The reasoning behind the push for raising the law is the overall health of American especially worrying about teens and younger adults. I don’t think this law will be hard to pass because it is already getting passed in some cities, like Gainesville, we just have to make aware of how successful the cities are doing with the age being raised. Competitors are vaping companies that are competing to make the next product to that will blow up and be the new rage. Once the age is raised, they are going to lose a lot of business because they will be losing the customer base from the age of 18-20 which doesn’t seem like that much of an impact. Even though that 2 years being changed doesn’t seem like that much of a loss for vaping businesses it will impact their business a lot because that is the audience they are targeting. Once the laws are changed to 21 all of the United States will have to enforce the laws and make sure vaping shops are too. 

The three minor elements

The secret sauce that I have is the passionate and the unity of the country. Having the law being raised will allow Americans to feel that their health is main concern that the government has, and right now is a good time to make a change. 

After the law is raised, I want to see how that change has affected the population and see if vaping dies out or if younger adults just find different ways to access tobacco products. 

In five years, I see that teenagers that are addicted to tobacco products will have decrease dramatically and that vaping companies will go out of business. If smoker is decreased among teens and younger adults I will feel very successful about how the opportunity has developed and achieved.