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Showing posts from January, 2018

Guest Speaker Erik

 Our first guest speaker for the quarter was Eric Hanberg. During his speech he named off several of the businesses he had started throughout his years of being an entrepreneur, many of which he either started on a whim or created a fictitious product to see how popular it would be if it existed. Being able to do these things on a whim is a trait I do not possess, and I personally feel that if I can not develop this trait I will not last very long. The ability to ‘jump’ is something I have always had trouble with, I always need some sort of plan where everything is planned out and is at least moderately guaranteed. If the plan by any chance goes awry no matter how small I have the urge to pull the plug before too much goes wrong. Before entering the class, I already understood that these businesses we may potentially create may not be big, or even survive very long, but the though of how will it live if its not big always remained. Both the professor and Hanberg’s actions in creat

Business Ideas

1. The first idea consists of two things that already exist but together can create a potential business. The first is an internet cafe, these are more popular in places like South Korea and Japan but they are essentially places where customers can rent a computer to use for a determined amount of time. The other is essentially a restaurant/bar. The idea is to equip the building with the best Internet/Ethernet we can afford to attract customers who do not have internet or low-quality internet as well as have. We will also require several computers capable of running current/popular games, the computers may possibly be on the same LAN. This will not only bring solo customers but also groups of customers wanting to play the same game together which opens up hosting options for events, parties, tournaments, and all things in between. This will be made easier with the restaurant half of the business providing cheap food/snacks/drinks to the customers as they play or take a break from playi

Thing I Expect/Want From This Class

I wish to understand what it takes to start a business in respects to what kind of person with which drives, motivations, or talents is needed as well as the basic legal process of creating a business; including the paperwork, funding, sponsors, and any other requirements are needed to begin and maintain one. I also want to know the ups and downs of creating a business in the modern world during a time where internet and media coverage can make or break any company. I can understand that advertisement has always been a factor in business for a very long time but how has the internet intensified the concept? Another is how to find sponsors or partners in the business world and if one is found what is needed to reach a profitable conclusion. All the points mentioned will more likely differ from person to person, but I feel that is especially applies to this one. I must learn these secrets to lure the competition into a false sense of security so that the scouts of the 41 st