30A- Final Reflection

1. After looking back on this class I wish I would not had missed a few assignments. I will finish the class with a B- which is not what I wanted out of this class. But I am happy with the amount of things I learned when it comes to entrepreneurship and have got a lot information about the opportunity that I want to pursue. 
2. What I will remember the most from this class is the videos we made preparing our pitches. I think they definitely will help and have an impact especially with talking to future customers and selling our product to them. 
3. Yes I believe that this class has a big impact on my entrepreneurial mindset. I hope that one day I will be able to make my opportunity happen. Yes I believe I have moved closer to an entrepreneur mindset. 
4. I would tell students to look at the assignments at the beginning of the week because some assignments have a lot to them such as the interviews. To do all the work as soon as you can and not wait to the last minute. To get that mindset I would recommend being a go getter. As long as you put work in for each assignment you will get a good grade. 

29A- Venture Concept No.2

• The Opportunity at hand would be the ever changing minds of everyday Americans and their views of the environment and how to help with saving it. As the concept of renewable energy continues to be pushed on the public their mindset will change and look at other options for energy such as solar panels. As of right now most people do not know how affordable it really is. By approaching more people and being able to explain to them the benefits too solar energy and the price of it more people should be willing too invest into it. Currently there is a federal grant which you can get if your house income is more than a 100,000 a year. This grant will save you 10,000 dollars. Thus making the demographic for this product middle to upper middle class families who own a home. But learning about information like the grant helps people who do not know but if they did would most likely transfer to solar panels. Currently people are paying for their energy to energy companies who use non renewable resources that hurt our environment. This is a huge opportunity for the solar energy if people start to catch on with the grant and realize how much money they can save and also what kind of impact they can have the environment then I believe people will switch over. It is just going to take time but hopefully will catch on soon. 
• The Innovation I will be selling solar panels based on the watts that they will provide to power their house. If I have to buy the solar panels to install on the customers house then I will charge a rate of $1.35 per watt for instillation. If the customer already has the solar panels bought and just need them installed then I will charge a $1 per watt for instillation.The average houses uses about 900 watts a month. These will be competitive prices. What will differ me from other companies with similar prices will be ethical workers with up front honesty and quality work. 
• The Venture concept will make people want to use my company to install their solar panels on their house because we will be a reputable company. Such as always being up front and honest with prices and making sure to do quality work that looks professional. People will also want to go with my company because I have the same beliefs in them that doing this job will help out our environment in the long run. Our motto will be saving you money and our environment one panel at a time. This will help separate me from my competition. To get my business going and staying up with the market will be making sure that the people who are involved with my company have the same mission and also same idea as my company. My company will have a facebook page and also be able to find us on google with contact information and reviews from our customers. 

After reviewing the feedback that I received I decided to add more details to my venture concept and also give more examples of people who could get solar panels installed. 

28A- Your Exit Strategy

1. When it comes to my business and my exit strategy it all depends on the market. If the market crashes like it did in 08 people will not want to spend extra money on solar energy so I would sell in 5 years. But my ideal exit strategy would be to one day leave my business to my kids. I think that the economy is moving in the right direction and that there is an opportunity to make a lot of money. If I invest that money right then I believe that my exit strategy can come to life and I can hand the business down to my children one day. 
2. The reason why I chose this particular business strategy is because I think it would be awesome to teach my kids about a certain field or niche and have them become experts in it and continue to help the world by assisting people with renewable energy.
3. Yes I believe it has influenced me. I believe that my personal beliefs made me lean to this exit strategy. 

27A- Reading Reflection No.3

• For my final reading I chose to read Inbound Marketing by Brian Halligan. The main theme for this book is how you as the business owner can expand your business. The main ways that he talked about doing this was through social media or online tools such as podcast, webpages, and social networks (Facebook twitter). Once you choose an online tool he explains how to make yours differentiate from others. 
• The way that this book connected with me and my learning for this class was by enhancing your online marketing. I know most business today have a facebook, webpage, etc. But what I really liked about the book was how he went into detail explaining how to differentiate yourself from other people online which is what I really want to do. 
• After reading this book I would have the class find a local business in town look at their social networks and suggest what they could do to improve them. For example take a local restaurant in town and maybe have them post each day a picture of the special for the night. Thus causing more marketing and having people comment on their post. 
• The biggest aha moment for me was learning that I could actually track how well my business is doing  compared to other business in the same field as me online. I thought that was pretty cool and great tool to have. I would highly recommend this book. 

26A- Celebrating Failure

• I failed in this class one time because I read the instructions wrong for an assignment. It was the pitch two video. Instead of applying the feedback from the first video, I thought we were supposed to make a video talking about what we can do better next time on our pitch based on the comments we received. 
• What I learned from this was to take my time and make sure to read the instructions clearly and if I have any questions about an assignment to ask them. 
• My personal belief on failure is that you must experience it to be successful. This class has just solidified my belief when it comes to failure. We as entrepreneurs will most likely experience some kind of failure. It just depends on how we react to failure. Yes I will continue to make risk just now I have more tools to make better judgements on the risk from this class. 

25A- What's Next?

Existing Market- After conducting my interviews I was able to get some constructive criticism as far as my opportunity goes. The people had some good ideas for me as far as my business goes. One idea would be going with one brand of solar panels and maybe having them endorse me in a way or have them refer me when people call about buying solar panels. This will help me bring in more business and build good relations my community. One of the people I interviewed also stated that I would need understand more of the permits that have to be pulled to actually install the solar panel wiring. So I will have to get certified in that or anyone else I have working for me be certified in it.

New Market- After conducting my interviews some people who would be interested in my business once it got big enough would be potentially contracting with the University of Florida or Santa Fe. They both have solar energy on campus. These solar panels need maintenance from time to time and also they could want to expand and maybe use my business to do that.

I knew about UF and Santa Fe having solar panels I just did not know the course I would have to take to make it to where my business would be the one to work on them or install them.

24A- Venture Concept No.1

• The Opportunity at hand would be the ever changing minds of everyday Americans and their views of the environment and how to help with saving it. As the concept of renewable energy continues to be pushed on the public their mindset will change and look at other options for energy such as solar panels. As of right now most people do not know how affordable it really is. By approaching more people and being able to explain to them the benefits too solar energy and the price of it more people should be willing too invest into it. Currently there is a federal grant which you can get if your house income is more than a 100,000 a year. This grant will save you 10,000 dollars. Thus making the demographic for this product middle to upper middle class families who own a home. But learning about information like the grant helps people who do not know but if they did would most likely transfer to solar panels. Currently people are paying for their energy to energy companies who use non renewable resources that hurt our environment. This is a huge opportunity for the solar energy if people start to catch on with the grant and realize how much money they can save and also what kind of impact they can have the environment then I believe people will switch over. It is just going to take time but hopefully will catch on soon. 
• The Innovation I will be selling solar panels based on the watts that they will provide to power their house. If I have to buy the solar panels to install on the customers house then I will charge a rate of $1.35 per watt for instillation. If the customer already has the solar panels bought and just need them installed then I will charge a $1 per watt for instillation. These will be competitive prices. What will differ me from other companies with similar prices will be ethical workers with up front honesty and quality work. 
• The Venture concept will make people want to use my company to install their solar panels on their house because we will be a reputable company. Such as always being up front and honest with prices and making sure to do quality work that looks professional. People will also want to go with my company because I have the same beliefs in them that doing this job will help out our environment in the long run. Our motto will be saving you money and our environment one panel at a time. This will help separate me from my competition. To get my business going and staying up with the market will be making sure that the people who are involved with my company have the same mission and also same idea as my company. My company will have a facebook page and also be able to find us on google with contact information and reviews from our customers. 

My most important resource will be inside people who are already in the industry who I can turn too for advice and help me as I start my company. The next product that I would like to make would be selling solar panel phone charges such as ones you can use at the beach.  In five years I want to have a well established team that has great credibility when it comes to installing solar panels and getting our message out there too the public about solar energy. In ten years I would like to take a step back from the solar energy. Maybe have someone else run the day to day operations while I look for a new opportunity. This venture plan goes along with advice I have received from my peers.