Friday, May 28, 2010

Reflecting on the Experience


Problems that we as a group experienced was the weather shut down the idea of selling floats do to the facts that we didn't think the floats would sell as good with the cold weather. So we decided to switch to muffins which are good for any weather condition and everyone enjoys a giant muffin.
I learnt that with all the organization and planning that goes into preparing your sales you can't just take things for granted. The main key to success is that the Team works together to make the job get done that much easier.

Monday, May 10, 2010

Top 10 Entrepreneur Uprises


1.Economic Turmoil
2.Green Power
Thanks to government incentives and changing public sentiment, clean energy is the most popular kid on the green movement block. The stimulus plan poured billions into renewable energy, automakers are all but predicting electric gridlock within the next few years, and everyone who's anyone in the electric power industry is investing in the "smart grid."

If the money being thrown around is any indication, that's just the tip of the slowly melting iceberg. Cleantech Group, an industry research firm, reports venture capital investment in clean technology--including solar, biofuels, batteries and the smart grid--overtook IT and biotech for the biggest piece of the VC pie. The sector swiped 27 percent of all investment dollars in the third quarter--that's $1.6 billion.

3.The senior Market
4.Discount Retail
5.Local Business
6.Education
7.Parental Outsourcing
8.Health and Wellness
9.Texas
10.Affordable Alcohol
10 1/2. Pets

Google


The way Google keeps there employees happy and hardworking, is that they keep a friendly work place with lots of entertaining things to do for there employees. Google hires anyone that is smart and has good ideas. It doesn't matter what ethnic background you have or where you are from as long as you have the brains they will hire you . When working in google 20% of your time you can do what you think is good.
They have a creation called the Google Grant which is a fundraiser that raise money for a wide variety of charities.

Wednesday, May 5, 2010

Arnold Schwarzenegger

I learned from Arnold that no matter where you come from if you have you mind in the right place you can concur your goals. Even if your first movie flops you can still make it large.

Tuesday, May 4, 2010

Element Bars


Jonathan Miller is the proud founder of the Element Bar. Element Bars is a custom created energy bar that you design online. Johnathan was asking 150 thousand 15%. Daymond offered 150K for 75% of the company, but Kevin H said he was an investor in another company that he felt Element Bars would fit well into their product line. Kevin H said he was an investor in another company that he felt Element Bars would fit well into their product line. He offered 150K for 100% and 4% royalties. he declined it. To my surprise Kevin H offered the 150k for 35% and 4% royalties and said that would be his final offer… in an incredibly gutsy move Jonathan countered at 25%, but they ended up settling on 30%.

Blue Ocean Strategy

What is It
Blue Ocean Strategy is a book written by W. Chan Kim. The book illustrates the high growth and profits an organization can generate by creating new demand in an uncontested market space.

Examples of B.O.S
Cirque Du Soleil
Google
Apple Inc.
Starbucks

6 Principles of B.O.S
"Reconstruct Market": Re-evaluate the premises that form your industry's assumptions and shape your company's business model.

"Focus on the Big Picture, Not the Numbers": Keep your eye on the overall view and dont get lost in the statistics.

"Reach Beyond Existing Demand": Businesses naturally focus on current customers, a process that invariably leads to greater market segmention analysis.

"Get the Strategic Sequence Right": Execute your strategy sequentially to achieve your "value innovation."

"Overcome Key Organizational Hurdles": Successful execution demands that your company must resolve internal department differences

"Build Execution into Strategy": Reduce your management risk by incorporating Blue Ocean implementation into your company's ongoing processes.