Assignment 19A: Idea Napkin No. 2

You: I am good at being able to lead and manage others. This is important when it comes to working on a team and delegating tasks. In my short time here at UF, I have already gained so many entrepreneurial experiences. I have been able to hear from many successful business owners about what they did well, and not so well on their business ventures. This provides me some tips on what to do in my own business. My aspirations for this business would be to grow it to a national scale, meaning developing products that could be sold throughout the United States, and then stepping back from it and simply collecting royalties. Since I am able to envision where I would want to be 10 years from now (being profitable off the business), this is what drives my to work so hard each and every day.

What are you offering to customers: I am offering a convenient way to make earbuds less of hassle. This product reduces frustration, and allows customers to carry on with their day hassle-free.

Who are you offering it to: Specifically, this product would be for younger phone and laptop users. Those withing the age range of teens, to those in their 30s would most likely take advantage of this product. This would not include users that use Bluetooth devices such as Air pods or a no hands set connected to their phone.

Why do they care: There is nothing on the market that is being used massively on the market to solve this issue. This will be the new "trend" to solve this long standing issue. This is a product that saves people time and frustration.

What are your core competencies: I have a connection to a friend who already utilizes a quality manufacturer in Japan for his business. This would save my company time and money in search of a reliable manufacturer for my product. I am also good at being able to network with others, and leverage these networks for either my own business, or to help the business of others.

I believe that these five elements work together to build a strong business. Having good leadership skills allows me to take my company idea from imagination to reality. Also having a strong network within the entrepreneurial community provides me with plenty of experience and help to try and avoid as many future errors as possible.

Feedback Memo

• One of the things that I am told is that I do not give myself enough credit sometimes. I have way more to offer to others than I think. Thus, under 'core competencies' I added my ability to network with others and be a helpful resource
• I was also told that I am very descriptive when it comes to envisioning my future. There are not a lot of people in college that can definitively state where it is they want to be five or ten years from not. Thus, I added this attribute under the "You" section.