Half-way Reflection

After these first two months, I would tell a future student that they need to invest time in this course. I say invest because when you invest time in something you get something in return. When you spend time on something, you usually get nothing in return. This goes for all classes that we take in college. I would also tell them that they are going to have to do things that might make them uncomfortable at first, but it gets easier over time. A behavior that I have improved upon is staying focused wen something needs to get done.
There was a point in this course where I saw how many exercises there were and I almost backed out because I did not think I would have the time, because of how many courses I am taking, and because of my work schedule. I sat down with my mom and talked with her about it and she told me at my age she had the same issue. She told me to take it one day at a time and everything will be fine when it is said and done. Because of what she told me, I was able to make it this far and I have no plans on stopping. I definitely feel that I have developed a tenacious mindset.

Tip #1: Invest time in this course
Tip #2: Be aware of what you are posting on your blog
Tip #3: Prepare yourself to break out of your comfort zone

Week 8 Reading Reflection

1. The only thing that surprised me was that 25% of business ventures are started with only $500. I have heard of a few that have started at that amount but I never would have guessed 1 in 4 business ventures start with so little money.

2. Nothing really confused me in this week's text.

3. My first question is that if he was starting a business and needed to raise capital if he would ask his parents for money. When I watch Shark Tank there are some entrepreneurs who said that they would never ask their parents fro financial assistance and I wanted to know if the author felt the same way. My second question would be if he has used any of the investing strategies listed in the text at some point in his life.

4. There was nothing that I disagreed with.

Week 7 Reading Reflection

1. I was personally surprised that the Miller Lite ad with the mud fighting girls did not help drive sales but when it was mentioned that Miller Lite has less carbs than Bud Light, sales went up.  This just shows that not all companies can use sexualized ads to drive sales.

2. Everything in this reading made sense t me.

3. The first question I would ask is what he believes to be the biggest concern that the consumer has when looking for a product. The second question I would ask is if he had any personal experiences with marketing segmentation and if there were if he could describe the situation.

4. I did not disagree with anything that the author talked about.

Week 6 Reading Reflection

1. There was nothing that surprised me or stood out while going through the reading.

 2. None of the reading was confusing to me.

3. My first question would out of porter’s five forces, which would be considered to be the least influential in his opinion. My second question would be is what advice he would give to entrepreneurs entering a new industry.

4. I was hoping that I would find something that I disagree with considering this is a new author, but yet again there is nothing I disagree with in this reading.

Week 5 Reading Reflection

1. One thing that surprised me in the reading was how long and expensive the process is to obtain a patent. I did not know there was 3 levels of examination and that it cost thousands of dollars to possibly get the patent. I also did not realize that you have to pay to keep the patent issued. I always thought once you had it that was that.

2. One thing I found confusing was the infringement budget. I feel that they did a poor job explaining what an infringement budget is meant to do.

3. The first question I would ask the author is are there any extra fees or steps that need to be completed in order to receive a patent not listed in Figure 9.1. The second question I would ask is if he had any kind of advice to young entrepreneurs who are starting out in ventures or to those who have been involved in ventures for some time.

4. Yet again, I thought that the author did a good job explaining everything in this chapter.