ESA Blog

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? The first part of my exit strategy is that I plan to patent my idea in the future so I don't have to worry about imitations. After my idea is secured, I intend on staying with the business for several decades as a consultant and eventually retire. I want to build upon the first idea and expand the business. If it is still in good condition by the time I have kids, then I wouldn't mind incorporating my family into the business and turning it into an empire built on efficiency. 2) Why have you selected this particular exit strategy? I selected this particular exit strategy because I think there is no use in selling an idea that only fires once to anyone else. I mean that my idea is a o...

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. 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? The experience that sticks out to me as the most formative experience is creating an idea and working through all of its bugs whilst receiving feedback from other students. This allowed to me understand how the customers in my age group in my market were thinking. I am most proud of accomplishing my venture concept because it was one of the few assignments that took some extra creativity. 3) At the beginning of the semester, I mentioned that I wanted each of you to develop an entrepreneurial mindset. Now, at the end, do you see yourself as an entreprene...

1)Venture Concept Description of My Venture Concept One of my biggest pet peeves is illustrated in this one photo. I assume I am not the only one with this issue; therefore, I have a proposed a solution to counter this epidemic (exaggeration for crisis). I am Eli Avshara. I have an entrepreneurial spirit with a charismatic charm that directs others in my direction. I am fluent in Hebrew and proficient in Spanish. I offer communication, analytical, and leadership skills. These skills help guide my venture and translate to a more motivated and goal oriented entrepreneur. I aspire to become a business owner or to take over a business and operate it at optimal efficiency by adjusting the areas of development within the organization and boosting the areas of strength. These are vague statements, but when the areas of development and strengths are identified within a company, the company gains a new perspective on their companies performance levels and what areas need to c...

Book: Thinking, Fast and Slow by Daniel Kahneman 1) What was the general theme or argument of the book? The general theme or argument  of the book was an explanation that there are 2 routes of persuasion based on 2 basic mindsets. One is fast(intuitive thinking) and one is slow(rational thinking). 2) How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? In my opinion, the book connects with and enhances what I learned in ENT3003 about how to approach the customer and persuade them to buy your product. The book focuses on establishing the difference between intuitive and rational thinking because both are different mindsets that require different approaches when trying to persuade. 3) If you had to design an exercise for this class, based on the book you read, what would that exercise involve? Based on the book I read, my exercise would involve my participants figuring out whether they are an intuitive thinker...

1) Tell us about a time this past semester that you failed -- whether in this class or outside of this class. Don't spare any details! It'd be even better if there was something you tried several times this semester and failed each time. The first time I failed this semester was trying to come up with an opportunity that seemed like it had a chance to thrive in Gainesville. I sat at the idea for days because I was thinking on a large scale to revolutionize something in Gainesville. 2) Tell us what you learned from it.   From that experience, I learned that I don't need to start big to make a change. There are smaller issues in life that can be reconciled with a new innovative solution. With that being said, I went from a state-wide idea to a local-city community, which made finding a more concrete issue to innovate much easier. 3) Reflect, in general, on what you think about failure. Failure is hard, isn't it? It's embarrassing, sure, but it also me...

Description of My Venture Concept One of my biggest pet peeves is illustrated in this one photo. I assume I am not the only one with this issue; therefore, I have a proposed a solution to counter this epidemic (exaggeration for crisis). I am Eli Avshara. I have an entrepreneurial spirit with a charismatic charm that directs others in my direction. I am fluent in Hebrew and proficient in Spanish. I offer communication, analytical, and leadership skills. These skills help guide my venture and translate to a more motivated and goal oriented entrepreneur. I aspire to become a business owner or to take over a business and operate it at optimal efficiency by adjusting the areas of development within the organization and boosting the areas of strength. These are vague statements, but when the areas of development and strengths are identified within a company, the company gains a new perspective on their companies performance levels and what areas need to change in order ...

Existing Market Step 1 : What's Next? My venture is based on the idea of improving and modeling a more efficient lifestyle for my customers on a day by day basis. My venture will seek to find other methods to improve customers daily lives. Step 2 : 3 interviews - what should we be doing that we aren't planning to do? what do you want to see next? #1 M.P. drive-thru tracking Get the companies to incorporate the app into their stores and maybe branch off and make their own section in the app for their store's estimated wait times, so they are more accurate #2 T.E. asks stores to conduct Surveys to evaluate when expected busy shopping times are during the year. Consulting - offer company solutions incorporate Drive-thrus in grocery stores - idea to improve efficiency. #3 S.I. Pre-order groceries Saves people time - pick up in store or drive-thru Step 3 : 2-3 paragraphs - what makes the most sense for your venture in terms of growth in your market? I think t...

Generate a list of all of the resources in your venture (produce a list of at least 10 resources  that you already possess). This can include your human capital, social capital, financial  capital, and capabilities. You may also discuss the organizational culture you intend to  create (but, obviously, it's not a resource that you have, now.)  Conduct a "VRIN" analysis for each resource. That is, describe, for each resource, how it is  valuable, rare, inimitable (how hard it is to copy by others), and non-substitutable (are there  other resources that can provide the same benefits?).  1. Hours of Operation: Most active during general store hours 7am-11pm. The app is pretty much active 24/7 Valuable - Customers want to be able to rely on this app whenever they go shopping Rare -  Imitable - Others can copy this Non- Substitutable  - there are resources that can provide the same benefit 2. Customer Service: Is offered 24/...