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29A Venture Concept

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Opportunity The opportunity I chose is drone surveillance. Drone surveillance can be used to survey land, keep watch over farms when owners are not available, and assuring businesses that their companies are safe by monitoring the building to watch for any criminal activity. I feel that those who have the need most are business owners, farmers and police but the opportunity is not limited to only these. The nature of the need is security, due to the high number of crime rates and the large amount of land owned by most farmers the opportunity was created. I would say that customers are satisfying this need already by having security systems installed in their homes, businesses, and farms. However unlike most security systems today the drone surveillance is not limited in movement like other cameras, they are able capture an aerial view. Limited movement can hinder the solving of a crime, with drone surveillance more ground is able to be covered. I believe the opportunity is fairl
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30A Final Reflection

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   1.     I went back and reread through some of my older posts and was able to answer the following questions below.    2.     I believe for my most formative experience it was all of the assignments that we had to uncover opportunities this gave me a new perspective on how to approach business. If you are solving peoples problems that is a sure way to make money. The experience I’ll remember for years is one of the most recent celebrating failure. Like Thomas Edison failure isn’t a stopping point it’s just a way that didn’t work and I believe this will be helpful throughout my future. My most joyous experience was at the beginning the bugs assignment even though it was a bit tough it was a helpful assignment for the class and it gave me the opportunity to complain. Finally the experience I pride myself on most for accomplishing was the elevator pitches because they were so nerve racking of all in my opinion .         3.   I definitely see myself more as an entrepreneur t
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28A Your Exit Strategy

    1.   For my exit strategy I like to keep an open mind with unlimited possibilities because you never know what the future might hold. However if I had to pick one now I would I’d protect my venture as a family business for my children. Giving them the tools and ideas to be successful and that they could pass down from generation to generation.     2.   As I said above I would like to give my children something but also make them work or it. This is something that can be passed an and grow along with each generation that makes it their own and build a family legacy.              3.I would say this idea has influenced my decisions during this course. I chose an opportunity that has potential to grow and can be used in various scenarios. Also for the plan of resources I chose mostly local resources to help keep me popular with local firms and the general population. This strategy should provide me years to come with business. I had always hoped to grow my own business and ma
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27A Reading Reflection No.3

1.        What surprised me the most was how the Wright brothers were so alike and how well they were able to work with each other despite being apart in age. This is actually what I admired the most about the Wright brothers they had enough respect for one another and did not seem to give the impression that one was superior over the other. There was honestly nothing that I disliked about the entrepreneurs. Yes! The Wright Brothers encountered many adversities and   failures along the way the biggest probably being so many failed test flights and another being that they were unable to sell their invention to the U.S until after selling to France. 2.        The Wright Brothers were determined, skilled, intelligent, humble and quick to try again after failing. These are an important set of skills for any entrepreneur to have. 3.        What confused me the most in the reading was after so many attempts why hadn’t the brothers given up? They could have given up and resumed
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26A Celebrating Failure

1.        This semester I’ve repeatedly failed to make a good grade in my data analysis class. I’ve studied numerous times and still was not prepared for the task of answering the exam questions correctly. 2.        I’ve learned that sometimes you just aren’t good at something no matter how hard you try to study. You should not give up though because with hard work you can still get by. 3.        I believe failure is hard, it down right sucks! It’s one of my biggest pet peeves to fail at anything it’s a huge embarrassment and it’s hard to swallow. I’ve learned to pick myself back up and keep trying whether you are trying a new method or the same as before. Giving up is worse than failure in my opinion because you fail 100% of the time you don’t try. This class has changed my perspective on failure because it shows us better ways of doing things and knowing that a lot of entrepreneurs fail on their first or even second and third time is very comforting. I have come more ac
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25A What's Next?

Existing Market I believe in terms of what’s next for my venture as far as products and services maybe something along the lines of drone deliveries. This could start local and potentially expand. Interview #1 Case When asked something we should do that we aren’t planning to do, he suggested surveying hunting grounds for hunters. This could help hunters plan when and where to hunt. He thought it would be a really great idea especially for someone like him who lives more excluded from town. Interview #2 Travis Something he thought we should do that we had thought about but not planned was private surveillance. This came up because he recently had one of his dogs shot and would like to catch the person who did it. He thought the drone delivery idea would be successful. Interview #3 Ciara When asked what we weren’t doing that we should be she replied with us not using the drones as a means for delivery, I brought up that I actually planned on that being my next ve
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24A Venture Concept No. 1

Opportunity My opportunity is drone surveillance. The drone surveillance can be used to survey land, watch over farms, and assuring businesses that their companies are safe by monitoring the building to watch for any criminal activity. I feel that those who have the need most are business owners, farmers and police but the opportunity is not limited to only these. The nature of the need is security, due to the high number of crime rates and the large amount of land owned by most farmers the opportunity was created. I would say that customers are satisfying this need already by having security systems installed in their homes, businesses, and farms. However unlike most security systems today the drone surveillance is not limited in movement like other cameras, they are able to get an aerial view. Limited movement can hinder the solving of a crime, with drone surveillance more ground is able to be covered. I believe the opportunity is fairly big I feel people would feel more at ea
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