Entrepreneurship

Resources Possessed 1. Important contacts - This is valuable because this is what differentiates me from competitors in America, but not necessarily local competition, however, I feel like my biggest competitors are traveling agencies in America.  2. Experience in traveling in the place - This is valuable because I know places that are good to travel to and I know the risk well enough to ensure that my customers have the best and save experience during the travel. 3. Rough experience in bringing foreigners to the place - This is valuable because I know what foreigners tend to like, for example, my friend from Ireland had food poisoning after eating street food and almost died from swimming at one of the beaches. So, I could use that experience. 4. A business plan that doesn't require budget since done through partnerships - Due to the contacts, I made with the local people and businesses, I will be the intermediary between the customer in UF to the local ...

https://youtu.be/jNNZ5UHtmv4

1. What was the general theme or argument of the book? The book is about the life of Elon Musk before and after he becomes a billionaire. It tells us the struggles he had at home and school as a kid and more importantly the things that make him the man he is today. Even after selling PayPal to eBay for 1.6 billion, Musk didn't stop asking questions to himself on what is he going to do next, and the next goal would be saving the human kind. 2. How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? The book has inspired me to read more and more books just like this assignment, in fact, Musk read 60 books a month during his childhood and college days. Moreover, it thought me to start questioning my problems instead of answering it in the first place as well as focusing on one goal instead of many because according to Musk, an entrepreneur has to stick on what he/she believes and be determined to succeed, even by breaking social norms and ...

Social Capital Domain Expert Mr. Ketut Sugiartha , a local Balinese who run an independent travel guide experience with customers coming from personal marketing and also traveling firms, especially during high season. He arranged most of my personal and family traveling in Bali for almost 3 years, and I used his service for my friends that came to Bali a few times, so I trust him. The plan for Alternative Traveling, the business that I'm working on, is to use him as an associate since he has a wide range of contacts in Bali, from local guides and drivers to traveling, diving, and hotel agencies. Using his service multiple times, I believe that he could be trusted to run the company, although I believe that someone needs to oversee him above. He has the experience with local and foreign tourists, from Asia and more importantly America. Moreover, the plan is that he would be given a commision per day based on the number of people he guided. If he needed extra help, like havi...

1. You My aspiration is to combine all my passions to something tangible, like a business, and hopefully, I have the skills needed to carry it out. I want to wake up every day being proud of myself for what I do. I believe that people should do things that they enjoy doing, and they should know that business is about providing service to the stakeholders, not only making a profit. 2. What are you offering to the customer? I'm offering an experience that doesn't really have a value to it since it depends on each individual. These days college students are seeking more and more experience for them to be recognized by their peers, one of them would be travelling to a place that not a lot of people went. This business will utilize that need of attention to set them apart from other people. 3. Who are you offering it to? Demographic: UF College students, male and female, between the age of 19-23 who comes from middle-income family. Psychographic: They seek attention fro...

https://youtu.be/jNNZ5UHtmv4 I actually let Professor Pryor display my first elevator pitch on class, which was an amazing idea since I received lots of feedback both from my classmates and himself. The most important feedback I received was that I need to actually mention my product from the beginning to the end, and not just gain the audience's interest. Although a lot of my classmates said that I need to be more straightforward in delivering my pitch, I feel like I will sound like a robot with no personality when I don't put imagination on my pitch. Based on the feedback, I tried to focus more on describing the product and its differentiation with other potential competitors.

"College students who are part of a fraternity or a sorority and care about their presence and significance in real life and social media" The similarity with me and my virtual customer is that we are both parts of a fraternity-like organization. This is a coincidence since I saw the opportunity of having the business when I was around people from fraternity and sorority.