22A - Elevator Pitch No. 3

https://youtu.be/e4K3mXwME7g

I think that this is probably the best version of my elevator pitch. I felt the most relaxed in this recording and I think it was the perfect speed of talking. I kept the feedback I originally got and just added upon the positive feedback I received on my second version. That feedback was essentially saying that it looked like I was more comfortable and it was a better take. So I just tried to increase that and make the most comfortable version possible as well as add in a few different ways to say things depending on what came to mind while recording.

23A - Your Venture's Unfair Advantage

23A – My Venture’s Unfair Advantage

(App that serves as a questionnaire for medical attention to assess whether or not emergency precaution is necessary.)

·      Incredibly Accessible being a downloadable app

o   Valuable: Yes

o   Rare: No

o   Inimitable: No

o   Non-Substitutable: No

·      Very easy to use

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: No

o   Non-Substitutable: No

·      Quick feedback to aid decision making

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: Maybe

o   Non-Substitutable: No

·      Low cost for start up

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: No

o   Non-Substitutable: No

·      Desire to aid naïve individuals

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: No

o   Non-Substitutable: No

·      Attention to detail in order to not lead people in a dangerous direction

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: No

o   Non-Substitutable: No

·      Helpful to every demographic imaginable

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: Yes

o   Non-Substitutable: Yes

·      Function is very fluid and can fit into multiple aspects of the medical industry instead of rigidity

o   Valuable: Yes

o   Rare: Yes

o   Inimitable: Yes

o   Non-Substitutable: Yes

·      High capability to diversify outwards from

o   Valuable: Yes

o   Rare: No

o   Inimitable: Yes

o   Non-Substitutable: No

·      Doesn’t require a large employee base and keeps expenditures low

o   Valuable: Yes

o   Rare: No

o   Inimitable: No

o   Non-Substitutable: No

After conducting a VRIN analysis on all of the resources I have thought up, I have concluded that my most necessary resource to focus on is how relatable this venture can be to every demographic. There are very few things that almost every person in the world can benefit from. I believe this app is unique because if executed correctly it could become something that people rely on to save their own lives or the lives of individuals. If it’s outcome is successful there is no reason why anyone with access to an app store would not want to download and utilize this app regularly.

21A - Reading Reflection No. 2

How to Fail at Almost Everything and Still Win Big, Scott Adams

·      This book was really interesting as it contains a common theme that is very interesting to me and is a common topic that I commonly search for when reading books and watching TedTalks. It’s about succeeding. It explains a maybe unconventional way to think about ways in which to succeed and how to structure your life in order to succeed. It explains that people may have the wrong ideas on how to make their lives gratifying and successful and shows how there are different ways to think about these topics that Adams has found to be incredibly helpful in his “pursuit of happiness” (and success).

·      I think that this book was really cool in the way it’s involved with Entrepreneurship because this class is all about finding a way to make your venture succeed and become the most complete form of itself possible. This book is entirely tied around figuring out how to maximize your own Human Capital to become successful and find systems that work to your advantage.

·      If I was required to make an exercise based on this book I would have to involve daily routine and how accomplished each individual feels. I would start by having students assess their daily routines to figure out what they do throughout their days and maybe figure out areas in which they can improve and increase their energy. I would then have each student assess the amount of accomplishment they feel throughout the average day’s end. I know that some days are better than others, we get more things done some days rather than others, however, we all have a general format in which we structure our days and this structure can set us up for failure or success.

·      I really thought it was interesting that Adams recommends focusing on systems rather than goals. His points make perfect sense are incredibly justifiable but we are raised in a way that promotes goal setting and achieving.