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Venture Concept

Opportunity There is an opportunity in this market for a personalized trainer app that takes out the middleman and gives consumers a customized workout plan directly at the fingertips without having to meet with a trainer, saving them both time and money. This is for young adults and millenials who want to get fit but save the time and money it takes to do so. With the rise in fitness and being in shape ever so prevalent in social media and pop culture, there is demand to get that perfect body now more than ever. The market for a product like these includes young adults all over the U.S., specifically towards anyone trying to get in shape or workout. Customers satisfy the need for workout plans by simply going to trainers, and while some remain relatively loyal as they’ve gone to the same trainer for a while, those looking to cut down time and money would be willing to switch for a cheaper product. This opportunity is pretty big as many people are trying to workout and it could be adve...
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Failure Is Good

Failure is something that is initially hard to take at first, but is beneficial in the long term. Something that happened with me specifically this semester that relates to failure was when I didn’t do well on my first financial accounting exam. It was the first one at the beginning of the semester and I didn’t realize how to properly study for that class nor the tests. I simply thought that because I was doing the homework I didn’t have to study as much for so I wasn’t adequately prepared. It was good that it happened at the start of the semester, however, as it taught me how much work it would take to get a good grade in the class and I took that principle forward in order. I decided to devote more time to the second exam and studied different materials and ended up getting a 90, and plan on doing the same for the third exam. Failure is something that is essential to every aspect of life because of the process it makes you learn, and the harder the failure, the better you learn. The ...
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Final Reflection

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I think my most formative experience was the venture capital assignment. That’s really the first time that I had to completely look my business all the way up and down and identify the opportunity, how I’m going to meet that need, and why people would do that. When you think about starting a business people often first think to raising money or something similar, yet no one really thinks about how you’re going to first identify the need and the opportunity that you must meet. It completely changed the way that I perceived starting a business and it definitely taught me a lot. I also learned a lot from the elevator pitches as they taught me how to speak well in front of others but also was a lot of fun to see how that process worked. I really do believe that I’ve developed more of an entrepreneurial mindset, as the way I perceive things and opportunities really has changed. I wouldn’t call myself a complete entrepreneur because I haven’t started my own business, but I’ve definitely made...
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