For this exercise, I read "Coco Chanel." What most surprised me about reading this book was all the personal details surrounding Chanel. For example, her affair with the Nazi soldier. Lisa Chaney was able to get rich personal details. What I most admire about Chanel is her drive. She didn't care what people said and she still developed a life long popular clothing line. This also goes with that I didn't like about Chanel. She didn't care what other people said so I think it made her a little cold-hearted in her later years. Chanel was a woman trying to make a popular clothing line. She had to overcome the fact that a woman could have a career, and she fail time and time again trying to make her line last.
The competencies Chanel exhibited were making her clothing line last. Even long after she has been gone, her line is still up to her standards and still one of the top brands in fashion.
I was confused in the reading about Chanel and the second World War. I felt like the information was a bit confusing and based off of other things I've read about Chanel, maybe not entirely truthful. There had been speculation that she was even a German spy. However, all the biographies written after her death I guess will never really have the true answers. Only Chanel herself could answer them.
What made her strive so hard for her clothing line? Did she feel like she put too much time into her clothing line and not her family?
I think Chanel's opinion of handwork is beating the odds and showing people they are wrong when they doubt you. I definitely agree with her views; I think it pushing you to work harder.
Thursday, August 4, 2016
Venture Concept No. 2
Venture Concept No. 1
Opportunity:
The opportunity I have found is the need for extra parking and easier access to the University of Florida main campus. Students, faculty and just the general public all have this need. This what I would call a luxury need. It is not necessary for its customers to have, but it does make their life easier. It is a huge hassle to pay hundreds a semester for the possibility of finding parking on campus. Then after finding parking, its hard to hop on a bus with multiple stop just to get to campus. My intended marking for this opportunity is literally anyone who has the needs to come onto campus without paying extreme amounts of money. I think that more areas for parking in the Gainesville area will last for the long haul.
Innovation:
For the opportunity above, I came up with Gator Shuttle. What Gator Shuttle is, is a parking garage and shuttle that travels directly to campus. The shuttle will travel to all the main points on campus (hoping to work with UF). These points include: Library West, The Hub, Turlington Plaza, South West Rec. The hope is there will be 4 shuttles that travel specifically to that destination. There will be no extra stops in-between the parking garage and campus. This way uses who are crunched for till should always know just how long the ride should take. Traffic depending of course. The parking garage will be 10 stories full of spots.
The garage will be a pay to park either daily, weekly, or on a semester basis. It will cost $3 dollars a day, $10 dollars a week, or $100 dollars a semester. It includes 24 hour parking. So say a student buys a week pass, their car can stay in the garage without leaving for the entire week and not get towed. The shuttle will be $2 dollars no matter if your a student, faculty member, or just wanting to visit the campus. However, there is also a semester pass for the shuttle that will be $45. I will profit off of the above charges. I'm hoping with the right investors to get this project going.
Venture Concept:
Gator Shuttle will definitely help solve the issue of there not being enough parking on campus. It will offer another option for students to park at allowing both Gator Shuttle and the other parking options to make their full profits. Customers will buy my innovation because it will be another option for parking. My innovation is cheaper than my competitors. UF's park and ride option is $150+ a semester. The Reitz Union Garage is $5 a day always. The lot on University across from Smathers Library is around $6 for 3 hours during normal running operations. I don't think it will be hard to get customers to switch to my product especially with the prices I'm offering. My competitors weakness is that they are not offering what I have and their prices won't compete. From the interviews I've conducted I've found that this is something students will definitely want to have. As far as running the businesses goes, it would mainly be be running the garage. I would need several different bus drivers. I don't think finding drivers would be hard especially since it is located in a college town where students are always looking for work.
I think my most important resource would be my education. I am learning how to run my own business and I have seen it be done first hand through my parents. Learning the proper ways to handle a business is always important. There are so many obstacles that go into it and I feel like you can never learn enough. Also having my parents helps because they've actually started a business. I can learn all I want but sometimes life throws curveballs. This is where their guidance will come in handy.
My new product for the service would be the daily rental of scooters. This would take some time to further get the idea solid, but I think it is something students would really benefit from. It would also help increase sales of my parking garage because students who drive could park then use a scooter to travel to campus.
I hope once this venture starts it will take off. I honestly think it could be great in other large college towns in Florida. I hope that my idea could lead to other students in colleges around Florida to start their own shuttle companies to make traveling to school easier for everyone.
The opportunity I have found is the need for extra parking and easier access to the University of Florida main campus. Students, faculty and just the general public all have this need. This what I would call a luxury need. It is not necessary for its customers to have, but it does make their life easier. It is a huge hassle to pay hundreds a semester for the possibility of finding parking on campus. Then after finding parking, its hard to hop on a bus with multiple stop just to get to campus. My intended marking for this opportunity is literally anyone who has the needs to come onto campus without paying extreme amounts of money. I think that more areas for parking in the Gainesville area will last for the long haul.
Innovation:
For the opportunity above, I came up with Gator Shuttle. What Gator Shuttle is, is a parking garage and shuttle that travels directly to campus. The shuttle will travel to all the main points on campus (hoping to work with UF). These points include: Library West, The Hub, Turlington Plaza, South West Rec. The hope is there will be 4 shuttles that travel specifically to that destination. There will be no extra stops in-between the parking garage and campus. This way uses who are crunched for till should always know just how long the ride should take. Traffic depending of course. The parking garage will be 10 stories full of spots.
The garage will be a pay to park either daily, weekly, or on a semester basis. It will cost $3 dollars a day, $10 dollars a week, or $100 dollars a semester. It includes 24 hour parking. So say a student buys a week pass, their car can stay in the garage without leaving for the entire week and not get towed. The shuttle will be $2 dollars no matter if your a student, faculty member, or just wanting to visit the campus. However, there is also a semester pass for the shuttle that will be $45. I will profit off of the above charges. I'm hoping with the right investors to get this project going.
Venture Concept:
Gator Shuttle will definitely help solve the issue of there not being enough parking on campus. It will offer another option for students to park at allowing both Gator Shuttle and the other parking options to make their full profits. Customers will buy my innovation because it will be another option for parking. My innovation is cheaper than my competitors. UF's park and ride option is $150+ a semester. The Reitz Union Garage is $5 a day always. The lot on University across from Smathers Library is around $6 for 3 hours during normal running operations. I don't think it will be hard to get customers to switch to my product especially with the prices I'm offering. My competitors weakness is that they are not offering what I have and their prices won't compete. From the interviews I've conducted I've found that this is something students will definitely want to have. As far as running the businesses goes, it would mainly be be running the garage. I would need several different bus drivers. I don't think finding drivers would be hard especially since it is located in a college town where students are always looking for work.
I think my most important resource would be my education. I am learning how to run my own business and I have seen it be done first hand through my parents. Learning the proper ways to handle a business is always important. There are so many obstacles that go into it and I feel like you can never learn enough. Also having my parents helps because they've actually started a business. I can learn all I want but sometimes life throws curveballs. This is where their guidance will come in handy.
My new product for the service would be the daily rental of scooters. This would take some time to further get the idea solid, but I think it is something students would really benefit from. It would also help increase sales of my parking garage because students who drive could park then use a scooter to travel to campus.
I hope once this venture starts it will take off. I honestly think it could be great in other large college towns in Florida. I hope that my idea could lead to other students in colleges around Florida to start their own shuttle companies to make traveling to school easier for everyone.
I received no feedback for this post and I already changed my product prices based off of my "What's Next" post. The only comment I got was that my product is not much different than what is already offered. That is true, but my prices are different and GatorShuttle will be a one stop shop instead of using several different means to get to class on campus. So since I didn't receive feedback and I had already changed my post, my venture concept is the same as before.
Final Reflection
After reading over my blog, I have definitely noticed that this class was challenging but totally doable. In the beginning, I dreaded having to go interview people about my product. Some times I just skipped over those assignments. However, as the semester progressed I got more comfortable with myself and the class so I pushed myself to actually do these assignments. When I did, I learned that it actually wasn't too hard and that I actually kind of like interviewing people about my product.
My most informative experience goes with what I said above, learning how to be comfortable and interview people about my product. These assignments definitely taught me the most. These few assignments are also the assignments I'm most proud of completing. I feel like pushing myself gave me extra satisfaction. My most joyous experience was the making it real assignment. This showed me just how much I actually accomplished this semester and it was such a good feeling.
I definitely think I developed more of an entrepreneur mindset. I mean how could I not with this class. I've come to look at things and I find myself thinking if there is a possible opportunity that could be found here.
For new students who are going to take this course, I recommend starting early. This helped me so much and I would've been lost if I hadn't worked ahead. Always know that these assignments are meant to help to succeed and not fail even the ones that seem too hard. I say that even when you don't feel like doing one of the tougher assignments, still do it.
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