Friday, July 29, 2016
Exit Strategy
1. At the start of my venture it was all about finding the perfect customer segment and appealing to their needs. i morphed my ideas, concepts, and strategies to appeal to markets opportunities in order to be successful. However because my venture was a service and not a product i don't focus too much on its identity rather the viable information being filtered out to my customers. therefore i would to find partners and sponsors who are will to put their name on my product. this will allow for more expansion of the company with newfound relationship sand ties to market segments such as corporate investment gurus, advertisement, and widespread marketing that i wouldn't be capable of obtaining by myself. i would sell off portions of the business my partners giving them a percentage of control of the company so i have access to their resources and can generate a higher return for myself. the goal with my venture was to create a product that solved a need to help college students understand finances just a little better and have a channel for small scale to large scale investing through a mobile app. once I've accomplished that i have done my job and as long as the company continues to provide this essential grade A service i would look to selling in the future.
2. i selected this strategy because finance is a passion of mine and something that i believe will drive my career. however i view the venture as a side business something that will be successful and help slot of people that i am fully invested in to get started but once it can run on its own i would no longer want the burden of solely running it and making it prosper. i would be more interested in gaining a returns that i could focus on my true passion in life family, which would come before my career. That's were i would want my focus in the future not he business.
3, this exit strategy has definitely influenced many of my concept decisions. such as i am looking for a high growth in the beginning not so much concerned with sustainable long term growth. it also made me look to partnership and sponsor deals for resources which would allow me to give something to get something. it would require a lot less investment on my part into the business and alleviate a lot of time. i am looking to build the company up as much as i can until its time for me to pass it on and collect my gains,
2. i selected this strategy because finance is a passion of mine and something that i believe will drive my career. however i view the venture as a side business something that will be successful and help slot of people that i am fully invested in to get started but once it can run on its own i would no longer want the burden of solely running it and making it prosper. i would be more interested in gaining a returns that i could focus on my true passion in life family, which would come before my career. That's were i would want my focus in the future not he business.
3, this exit strategy has definitely influenced many of my concept decisions. such as i am looking for a high growth in the beginning not so much concerned with sustainable long term growth. it also made me look to partnership and sponsor deals for resources which would allow me to give something to get something. it would require a lot less investment on my part into the business and alleviate a lot of time. i am looking to build the company up as much as i can until its time for me to pass it on and collect my gains,
Sunday, July 24, 2016
Celebrating Failure
A time i failed this summer, was at my job as a teller at wells Fargo. each quarter or 3 month period we have sales goals that we strive to meet. Every quarter since I've worked there i have been able to go above and beyond the goal in sales of accounts and other financial solutions. Many of our other team members we falling behind in solutions so i was placed in the drive through to give them a little more chance to get their numbers up because you have a much smaller change of gaining solutions when working drive thru. i was still expected to meet my own personal sales goals. However because i was in the drive through because it was more of a challenge instead of stepping up to the plate i got lazy. i wasn't trying at all to get solutions and wasn't asking customers how i could help further their service i was simply just running transactions. by the end of the quarter i still had the highest numbers in the store but i didn't meet the sales goal for the first time. i was very disappointing. one, because i didn't get my bonus check for meeting goal. and second because i sold myself short with not giving all my effort. and i let down my manager who moved me with the assurence that i could still thrive in a little bit more challenging setting.
i learned that you should always give your 100 percent no matter what. in this case i set myself up for my own failure. even when things get tough you should push through. the feeling you get after you've just complete a very hard task is well worth the effort. versus not eve attempting to complete the task and feeling unaccomplished.
i'm very good at handling failure just because i am such a competitive person that i i see myself fall or i'm unable to get an outcome that i wanted i get right back up and push harder to achieve my goal weather it takes 1 6 or 100 tries. However i do still think failure is a hard thing. its never easy to admit defeat and to see where you faulted because you cant change the outside world you can only change the actions you made.
i learned that you should always give your 100 percent no matter what. in this case i set myself up for my own failure. even when things get tough you should push through. the feeling you get after you've just complete a very hard task is well worth the effort. versus not eve attempting to complete the task and feeling unaccomplished.
i'm very good at handling failure just because i am such a competitive person that i i see myself fall or i'm unable to get an outcome that i wanted i get right back up and push harder to achieve my goal weather it takes 1 6 or 100 tries. However i do still think failure is a hard thing. its never easy to admit defeat and to see where you faulted because you cant change the outside world you can only change the actions you made.
Sunday, July 10, 2016
reading reflection 2
How to Fail at Almost Everything and Still Win Big
1. The general theme of this book, was the only way to gain success in your life is to fail. what i mean by that if you cant be afraid to take risks and try new things. the things you experience the more fruitful your life will be. and not all the experience will turn out successful but regardless youll be able to learn from each and every one. It also focused on balance. that you want to weigh the time you take for business for family and for your personal time in order to remain healthy and happy.
2. His "Passion is Bullshit" section had me going back and forth. and i don't think it aligned quite well with what we are learning in class. it was tearing away from doing your passion be you will learn to hate it. which i don't completely agree with. bu ti did agree with that failure is good and we can always learn from it.
3. I would defiantly have them do a dream board. i think they are very beneficial to keep your eye on the prize. it allows you think really think about your short term and long term goals and but them on a paper to visually see your future. it'll help keep things on track even when a mistake may happen and you feel discouraged. i would also have them do an activity to recognize they're recent failures and why they were good.
4. the ah ha moment for me was how the author stressed to take care of yourself above everything else. he stressed that you are whats important not the success or failures around not your work. its you mental emotional and physical health that are going to be able to push you to be happy and get to where you want to go.
1. The general theme of this book, was the only way to gain success in your life is to fail. what i mean by that if you cant be afraid to take risks and try new things. the things you experience the more fruitful your life will be. and not all the experience will turn out successful but regardless youll be able to learn from each and every one. It also focused on balance. that you want to weigh the time you take for business for family and for your personal time in order to remain healthy and happy.
2. His "Passion is Bullshit" section had me going back and forth. and i don't think it aligned quite well with what we are learning in class. it was tearing away from doing your passion be you will learn to hate it. which i don't completely agree with. bu ti did agree with that failure is good and we can always learn from it.
3. I would defiantly have them do a dream board. i think they are very beneficial to keep your eye on the prize. it allows you think really think about your short term and long term goals and but them on a paper to visually see your future. it'll help keep things on track even when a mistake may happen and you feel discouraged. i would also have them do an activity to recognize they're recent failures and why they were good.
4. the ah ha moment for me was how the author stressed to take care of yourself above everything else. he stressed that you are whats important not the success or failures around not your work. its you mental emotional and physical health that are going to be able to push you to be happy and get to where you want to go.
Growing My Social Capital
Brian Taylor:
-Taylor is a Wells Fargo banker who also works as a financial adviser doing freelance work. Taylor graduated from UF with a bachelor's in business management and has been with Wells Fargo for eight years. Taylor currently handles business investments.
-Taylor fills the spot as a domain expert because he works in the business field by handling customers' investments and funds. He also works with many students due to the bank's location.
-Taylor and I work at the same bank location and I've been able to see him execute many deals. I spoke with him during lunch about his experiences as a financial adviser so far in his career.
-Taylor agreed to help me put together workshops and outline for the teaching seminars of the student investors. Taylor thought it was a great idea and he wanted to know if there was anything else he could do to help. In return he is able to refine his skills and contribute to youth education.
-Taylor has a lot of valuable knowledge that he can contribute which will bring more credibility to my business. He has first hand experience helping others invest, which is directly relevant to my objective.
Daniel Colpas:
-Colpas currently works with the student investment group on the UF campus. He is a sophomore finance major and plans to pursue a career in investment banking.
-Colpas fills the spot as the market expert because he is well educated in student investment and also works to educate others about student investing.
- Colpas and I went to the same high school and after talking to him recently, I discovered his involvement within this organization. We decided to have lunch to further discuss his experiences obtained through his position in the organization.
-Colpas said he is willing to reach out to his contacts and also promote my business on campus. In return all the members in the organization would receive a discount on the services my business provides.
-Colpas allows me to broaden my network and he also has a student perspective of how investments work. He would be a vital source of marketing and promotion on campus.
Trevor Fortner
- Fortner is third year student at the University of Florida. He studies information systems and also has a passion for coding. He also has a professional background. He is a brother of Alpha Kappa Psi.
-Fortner fills the spot as supplier because he is well-versed in coding products and has even worked on multiple application designs.
-Fortner and I are both members of the professional fraternity. I reached out to him because I was aware of his involvements. I approached him to assist me in designing the app, which he was thrilled to do.
-I would pay Fortner for his services designing the app and keep him as a part of the company to help with any technology problems that may arise later.
-Fortner's expertise in web design would be an asset to me because I am not familiar with the technology industry myself.
Final Reflection: this networking stradegy was very differnt from what ive used in the past often times theres a middle man that puts you in cinnection with the peron they know or bests fits the idea your trying to get across. this time i just went up to to people i thought would fit the description. this helped alot because i have to cultivate the relationship on the spot and really sell my idea to make it relevent to them.
-Taylor is a Wells Fargo banker who also works as a financial adviser doing freelance work. Taylor graduated from UF with a bachelor's in business management and has been with Wells Fargo for eight years. Taylor currently handles business investments.
-Taylor fills the spot as a domain expert because he works in the business field by handling customers' investments and funds. He also works with many students due to the bank's location.
-Taylor and I work at the same bank location and I've been able to see him execute many deals. I spoke with him during lunch about his experiences as a financial adviser so far in his career.
-Taylor agreed to help me put together workshops and outline for the teaching seminars of the student investors. Taylor thought it was a great idea and he wanted to know if there was anything else he could do to help. In return he is able to refine his skills and contribute to youth education.
-Taylor has a lot of valuable knowledge that he can contribute which will bring more credibility to my business. He has first hand experience helping others invest, which is directly relevant to my objective.
Daniel Colpas:
-Colpas currently works with the student investment group on the UF campus. He is a sophomore finance major and plans to pursue a career in investment banking.
-Colpas fills the spot as the market expert because he is well educated in student investment and also works to educate others about student investing.
- Colpas and I went to the same high school and after talking to him recently, I discovered his involvement within this organization. We decided to have lunch to further discuss his experiences obtained through his position in the organization.
-Colpas said he is willing to reach out to his contacts and also promote my business on campus. In return all the members in the organization would receive a discount on the services my business provides.
-Colpas allows me to broaden my network and he also has a student perspective of how investments work. He would be a vital source of marketing and promotion on campus.
Trevor Fortner
- Fortner is third year student at the University of Florida. He studies information systems and also has a passion for coding. He also has a professional background. He is a brother of Alpha Kappa Psi.
-Fortner fills the spot as supplier because he is well-versed in coding products and has even worked on multiple application designs.
-Fortner and I are both members of the professional fraternity. I reached out to him because I was aware of his involvements. I approached him to assist me in designing the app, which he was thrilled to do.
-I would pay Fortner for his services designing the app and keep him as a part of the company to help with any technology problems that may arise later.
-Fortner's expertise in web design would be an asset to me because I am not familiar with the technology industry myself.
Final Reflection: this networking stradegy was very differnt from what ive used in the past often times theres a middle man that puts you in cinnection with the peron they know or bests fits the idea your trying to get across. this time i just went up to to people i thought would fit the description. this helped alot because i have to cultivate the relationship on the spot and really sell my idea to make it relevent to them.
Napkin Idea 2
My name is Maria Yarbough. I' m very skilled in analytical thinking and problem solving.I'm great with math skills as well as communication skills. i hold public speaking as one of my strong points as well. many of my aspirations include building myself a sturdy framework so that i can do the things i love such as travel, spend time with family, and live a healthy lifestyle. my plan to build my frame work is to succeed in the corporate world as an investment banker. this being said i would love to be able to help other students get their feet wet with investing and building their own framework. my hope is that "Invest the Rest" will help students become wiser with their money while making a stake in the current market.
Im offering a way for students to learn the ins and outs of investing. so they can understand the stock market, and learn how to move through it. the ultimate goal is to make money. the student investors will be given the tools to capitalize on small stocks and predict their trends. it'll come equipped with a user friendly app that will allow them to make purchases, track their earnings, and stocks just as if they were strolling down Instagram or Facebook.
Originally wanted my market to be pulled directly towards college students but not restricted to UF. and im going to stick to this market. i had received feedback to appeal to an older crowd for this idea because those are the people who know about the stock market and are willing to take the risk. however this defeats the purpose of my idea. which is to educate the youth about the market so they are more savoy when they get to that older age. the stock market is worldwide so there would great opportunities for expansion, we are targeting any student will to make some money while learning to be money smart. i also believe starting at colleges is a great trial basis before the product extends its hand to other age groups so we can see what works and what doesn't from the up coming leaders of our generation.
Its a know fact that college students struggle. especially financially. this would offer them a new way to create income. They will also gain a new skill that will put them a foot forward when entering the real world.
one thing that will set my business apart is the learning sector not only will you be provided the channel to do investments were going to teach you how. taking the blind fold off of the stock market. this would help us spread awareness about the importance of the stock market. the benefits of the knowledge and possible opportunities we can provide students. in addition were offering convenience by selectively targeting college students and having basically everything accessible from your phone.
one area that i think is a little weak is why should the students care. investing doesn't appeal to all students so it would be challenging getting student to try us out. also students are already pressured by school would they be able to handle another task that they would have to learn and maintain. and ultimately would some students loose money which is a volatile possibility. money seems to be the biggest concern about this project to students the idea of losing their money. in this program i want to start off by the learning sector so students aren't just throwing their money into a pool. second in order to practice we will work on minuscule stocks where you can start by investing a penny, nickle, dollar ect. Until they are comfortable to raise the stakes. it'll be at their own pace. i believe this will eliminate the chances of losing big with you learning to gradually escalate into the stock market. this is supposed to be a fun way to learn and make money and i feel that the learning process and app to monitor your moves ensures both.
FEEDBACK: A lot of the feedback i received was positive. they thought this idea could really work. and the fact that it incorporates an app makes it user friendly. this really helped me reinforce my idea and solidify that this is a valid need. second there was a concern that i was targeting the wrong age market which i disagreed with. i think its important to teach students after all we are all in college to learn anyway. so appealing to an older crowd with more knowledge would take away from what i originally set out to do which was educate. it was also brought to my attention that getting students to care would also be an issue so spreading awareness holding small info sessions doing brief YouTube video breakdowns, or host stock trading games certain days on campus are all ideas in which i feel i could attack this weakness. the fear of losing money was the biggest concern but stock trading is a risk i want to tress that this is to learn so we will start on small stocks first to build up the student investors we are not just giving students a door to the stock market and saying jump in its all about becoming more comfortable with how it works so that your qualified to make bigger moves. i also thought the app could have check points in earnings practice and learning so that you cant immediately jump to a thousand dollar stock because you are being over confident. you could look at it as unlocking levels. reading the feedback really helped me look deeper into my idea to discover its weakness and develop a plan to make them strengths.
Sunday, July 3, 2016
Customer Avatar
In this post i will attempt to paint a picture of who my customer segment is and what makes up them specifically. My customer for Invest the Rest is a college student either male or female between the ages of 18-25. This particular student is a busy bee. they are always on the go and therefore very connected with the technological side of things, whether that be social media, email, applications, bank accounts ects. they're monitoring everything from their phone. they're also working, tuition can be taxing on them so they vale the importance of money, independently earn for themselves. one of the reasons they are so busy is because they stay involved not only with work but on campus with various clubs as well. My customer likes to work efficiently that means that they like to plan and schedule out their day for when they'll have down time to surf the web, listen to music watch Netflix ect. they are also very open minded they like to try new things if they seem fun, beneficial, and make sense. this is why invest the rest is great for them its something new that brings benefit to their lives. its super convenient with minimal risk so they don't have to change they're already jam packed routine. And it helps keep them aware engaged and and even profitable.
i have a lot of things in common with my avatar in fact i might fit it exactly, and would defiantly utilize the invest the rest app. when coming up with the invest the rest idea i thought of myself first and what i facing as a college student. and it just so happened that saving and making money were big priorities for a lot of other students as well.
i have a lot of things in common with my avatar in fact i might fit it exactly, and would defiantly utilize the invest the rest app. when coming up with the invest the rest idea i thought of myself first and what i facing as a college student. and it just so happened that saving and making money were big priorities for a lot of other students as well.
secret sauce
1. 5 qualities that i think make my human capital unique are first my drive. i have a very strong opinion ad when i get something in my head i will make it happen no matter what i will push and push until im satisfied. second i would say my positive outlook because even when things get really tough i always try to find the silver lining or the best way out i know we cant change the past so work hard in the present to change the future. third i would say im very athletic this is something that i consider a skill because i can play almost any sport with practice, its one of my greatest passions and is a way for me to relax and clear my head so im able to think differently. four i would my knowledge of family god and how important and connected they are is a huge part of understanding what makes me, me. and fifth i would say i have the skill of public speaking and speaking in general when i was younger i could always talk myself out of situations and now i can use to better articulate my words to get an opinion across, presentations, etc.
https://www.youtube.com/watch?v=USn_1EwIvIM
Dana has known me since middle school and has now been roommates with me for 1 year. she believes i am versatile which translates into my athletic abilities. she also believes i am a good problem solve and calm during stressful situations which elude to working well under pressure. Dana also stated that i am a great public speaker and a loyal friend being that we've been friends for so many years.
Bryant has been my boyfriend of two years and some of the traits he thinks i poses are first perseverance, he also believes i has a fiery personality and attachment to things i care about. Hes also seen my strive which he describes as a hunger for success. my willingness to try new things. and i have a genuine nature.
https://www.youtube.com/watch?v=2cTTqGa9BsY
Fresia has been my best friend since 6th grade and my roommate for 1 year now. some of the qualities she though i poses are adaptable, strong willed, athletic, confident at communicating and loyal.
https://youtu.be/Z1xxVeIpDE
Alexis has been my best friend since we were 11 years old. in this time she has seen me to be smart and loyal through maintaining friendship with her. she said that i am competitive and hardworking always willing to put 100 percent. which shows how dedicated i am to what i set my mind to.
These were all people ive know for many many years. so they all know me extremely well. the answers to my surprise seemed to all be relatively similar. even with two of my interviewees being as far as Orlando and Tampa. i defiantly agreed with the fact that im loyal i am very selective when letting someone get really close to be and once i let you in your someone i truly care about and will work to maintain that relationship. another skill that can up a lot was drive strong will or perseverance i always put my all into anything im passionate about and try my hardest to always do well. the third was my sport orientation which i ve grown up with and till to this day use as an outlet and something to build on. honestly overall i agreed will all the qualities stated by my interviewees and they were extremely similar if not identical to how i perceived myself. i was confident in my list when i made it and because the responses were so similar i would change my personal list.
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