Thursday, January 31, 2019

8A – Solving The Problem


My solution:
Image result for happy dogsThe solution I would like to provide is a small local business that provides fresh, healthy, refrigerated dog food for pet owners to buy. People will be able to walk into a store and buy fresh food right then and there. It will customize meal plans for owners based on their pet’s breed, age, weight, activity levels, etc. They can choose how often they would like to pick it up.
 We will also take into consideration people’s monetary restrictions. If someone feels the cost may be too high to feed their dog this way, we will offer options where they can feed their dog half fresh food and half kibble.
This is a matter of competitive advantage. There are existing companies that sell these types of foods. Something they cannot provide, however, are lower prices (since they must invest in shipping refrigerated food) and being local and accessible.
I think having a physical business will also be easier to market to an older generation of dog owners who are not comfortable making purchases online. It will give them a peace of mind to know they have the option of going to their local store to buy their dog’s food.

7A – Testing the Hypothesis, Part 1


·        Pet owners are unable to find local alternatives to dog food that offer affordable, fresh, healthy, and customizable meal plans for their dogs. While there are some alternatives on the market, high costs and lack of immediate accessibility prevent people from using these options which require the frozen food to be delivered to their homes.
o   The who: Pet owners
o   The what: they do not have healthy food options readily accessible to feed their dog
o   The why: Lack of accessibility/options
·        Testing the who: This need may be perceived more strongly by owners of picky eaters. However, our market is really anyone with a dog who wishes to feed them healthier foods while keeping costs down.
·        Testing the what: Most people are happy feeding their dogs kibble or processed foods found at the supermarket. For these people, switching their dog’s food is not a priority. Others, such as those who own finicky dogs, or dogs that cannot take regular food due to health problems, will be more open to trying our food.
·        Testing the why: My best guess at why there isn’t an affordable option that owners can use is the costs associated with making the food. The overhead necessary might also be high because it requires equipment. There is also the cost of hiring vet professionals to create the food that can meet all nutritional needs a pet may have.
·        Interview #1:
o   I interviewed my mother in law, a dog owner who has previously expressed her desire to feed her dog a better diet. What I got from our conversation is that she doesn’t use the options available such as “Ollie’s” or “The Farmer’s Dog,” because these options would cost her over $100 weekly to feed her 90-pound Siberian Husky. She spends around $180 monthly to feed her dog, but she would be willing to pay a little more if it meant he would eat better. She also acknowledges he is a picky eater and will sometimes go days without eating, another reason why she’d be willing to pay a little more for fresh food he would like.
·        Interview #2:     
o   The next interview involved a friend who owns a dog of her own, a 40-pound beagle of older age. She said she had never really thought about feeding Lulu a better diet. Lulu is happy eating any type of food and she’s for the most part healthy. However, she did acknowledge that as Lulu gets older, she would be willing to invest a little more money in food that could make her life easier and healthier, so she didn’t have to suffer in old age.
·        Interview #3:
o   The next person I interviewed involves someone who is feeding their dog “Ollie’s,” a fresh food alternative that is delivered to their home every month. The pet, a 14 pound extremely finicky schnauzer gets to eat healthy fresh food every day. The cost, however, is $30 every week. In speaking to this person, I found out they loved the idea of having a cheaper local alternative to be able to reduce costs. Although they were extremely satisfied with the food and the fact that it keeps their dog happy, healthy, and active, they acknowledge that the costs feel a little too high.
·        Interview #4:
o   I felt it necessary to interview someone who may not currently have the monetary resources to feed their dog a better diet. The next person is a 22-year-old college student living on limited income. They said that while they loved the idea of being able to afford a better diet for their dog, right now they probably wouldn’t pursue any option that would increase her current costs.
·        Interview #5:
o   The next person I interviewed is a neighbor that owns a tiny yorkie that gets fed wet food every day. They said the thought of switching food never crossed their mind because their dog is happy and healthy eating the current food. They wouldn’t want to experiment with new food. Upon giving them some more information, like the fact that the current food they’re giving their dog could contain harmful chemicals or preservatives, they seemed interested to hear more about the idea of fresh human grade food, though not enough for them to seriously consider switching.

I believe in speaking to my five interviews that there is a serious opportunity to exploit. Loving pet owners consider their dogs part of their family and take their health seriously. I believe that if an affordable option were to be introduced locally, many would be interested in trying it out. Although some people (such as interviewee #5) would be less inclined to make the switch, there may be ways to be persuade them. Again, the options are out there but they are not cost effective. What we care most about here are reducing costs so that pet owners are willing to give us their business.

Thursday, January 24, 2019

6A – Identifying Opportunities in Economic & Regulatory Trends


·        Economic trend: International tourism is growing due to a strong economy, the affordability or air travel, visa facilitation practices, and technological changes.
o   The first opportunity I see looking at this trend is the opportunity to invest in tourism industries such as air travel, lodging, and local tourism attractions. The second is the opportunity for the creation of jobs in these industries which creates a better economy for local cities and towns that attract tourism.
o   I believe these opportunities exist because based on current trends and projections, it is expected for international arrivals to continue to grow, especially due to low has prices.
o   The prototypical customer that benefits from this trend is the middle-class citizen who wishes to travel affordably.
o   I believe this opportunity is easy to exploit because it is strong and ubiquitous in various parts of the globe.
o   I saw this opportunity because there is data backing up my initial belief. Due to the uncertainty of the global economy, someone else might not view this as much of an opportunity because they may be warier of fluctuating economic trends.
·        Economic trend: The U.S automotive market has begun to recede from all time sales highs.
o   Auto industry cycles coincide with US economic cycles and therefore it is projected for sales of automobiles to drop soon. With this projection in mind, auto dealers can begin to prepare by creating cash reserves to cushion a blow. This creates an opportunity to prepare and use this information to their advantage.
o   It can be difficult to exploit this opportunity because it is uncertain when or how badly auto dealerships will suffer the consequences of an economic drop.
o   I believe this opportunity is hard to see. I had to think about this in a way that created an opportunity to begin with. What I mean by this is that it is mainly a negative projection, but it serves to prepare auto dealerships for a blow. Others might not view an opportunity here at all.  

·        Regulatory change: New legislation will facilitate research to evaluate the safety and effectiveness of medical marijuana for veteran’s PTSD and chronic pain.
o   An opportunity exists for veterans who will be impacted by the research findings. They will have better means to deal with chronic conditions and improve their standard of living.
o   This opportunity was due to legislation to allow the VA to conduct research. The length and cost of the research will determine how difficult it will be to exploit this opportunity.
o   I see an opportunity because trends in the use of medical marijuana have demonstrated that it works. Research backed findings will enable the government to use real data to make the medication more accessible to Americans.
·        Regulatory change: A Nebraska state senator is proposing legislation to give parents and students more options when choosing a school.
o   An opportunity exists for students here because they will not be forced to attend public schools due to a lack of money. They will now have more options to choose from when it comes to their education.
o   This opportunity is easy to exploit in the sense that it will allow parents more options. I believe there is an opportunity because a lot of parents would prefer to send their kids to private schools.

5A – Identifying Local Opportunities


1.    ‘Chaos on the radio:’ documents detail failures during Parkland Shooting.
This article describes the poor communications system that was in place at the time of the shooting at Marjory Stoneman Douglas. It details how Coral Springs Police, Broward Sheriff’s deputies, and school officials were not able to exchange information in an efficient way due to compatibility issues between the systems they each used.
The opportunity presented here is one that incorporates a communications system that better connects various law enforcement agencies to schools in Florida and to one another to better respond to difficult situations.
The problem in this story was the lack of efficient communication during a time of crisis. During a situation like this, it is crucial for law enforcement to effectively communicate with one another to act in the quickest and most time sensitive manner.
The problem in this story affected students at faculty at Douglas because their lives depended on how quickly law enforcement responded. More generally, this issue affects any facility or institution in Broward County that could face a similar situation.

2.    State senator calls for plastic bag, straw ban for businesses that sell take-out food
This article describes an attempt by legislators to create a ban on businesses from using disposable plastic straws in Delray Beach FL.
Here is an opportunity to begin using alternatives to disposable straws and become eco-friendlier.
Plastic straws are difficult to recycle, are easily blown away which causes them to end up on the streets and pose a risk to sea animals.
We are all affected by this problem. Plastic pollution affects our lakes, our streets, and our environment.

3.    Those tolls you pay on Miami’s Highways could come to an end if this bill passes   
https://www.miamiherald.com/news/local/community/miami-dade/article224903915.html
Law makers are attempting to pass a bill that ends the Miami-Date Expressway authority, which levies tolls on some of Miami’s largest highways.
This is an opportunity for people to make use to highways free of cost.
The problem of paying high toll fees fell mostly on Miami Dade residents who might have had to may considerable amounts of money to transport themselves. It is also a problem for tourists that frequent these roads.

4.    Suspect caught on video using cloned credit card
Broward PD is looking for a man who purchased over $1200 in money orders using a fake debit card.
The problem is credit card theft, which many residents may be victims of. This is not just a problem for residents in Broward. According to creditcards.com, between 2012 and 2016, 13 million complaints were filed due to card fraud.
There seems to be an opportunity here to improve security measures that prevent someone from cloning debit cards and stealing people’s money.

5.    Walking? You’re risking your life in Florida, the deadliest state for pedestrians
Data has shown that Florida, especially South Florida and Orlando, is one of the deadliest places for pedestrians due to the infrastructure built for speed above safety pedestrians. This is concerning and unlike other places and countries where fatalities do not happen at the rate they do in Florida.
The problem is that the roads are not safe for pedestrians due to design and lack of controls that could potentially prevent fatalities.
As stated in the article, those who see themselves most affected are the elderly and minority individuals in the most impoverished areas of Florida since they are the ones who walk the most.
There seems to be an opportunity here to create better roads that are more pedestrian safe, and implement regulations such as better driver safety laws that can regulate the type of driving that causes this issue.  

Friday, January 18, 2019

4A-Forming an Opportunity Belief

Beginning Point/My belief- I live in a beautiful gated community with lots of green space where people walk their dogs on a regular basis. Although the set up of the community itself is an amazing place for pet owners due to the size and layout of the green areas, there is a problem with cleanliness because some residents do not pick up after their pet. This results in unhygienic conditions that make it difficult to walk on the grass without the fear of stepping on dog feces. According to petfinder.com, animal waste can be detrimental to the nearby water sources such as lakes due to excess nitrogen which depletes oxygen in the water. It also carries harmful bacteria and microorganisms that can cause illness in both humans and dogs. 
Image result for green areaPet owners are not the only ones affected by this issue. People who like to walk and exercise around the community as well as those with children that like to play outside can also experience the consequences of the problem. Because everyone in the community can see themselves affected, I believe there is a 90% chance an opportunity exists for a solution. 
I believe a good solution to this problem is to enforce the rules already set in place and fine people who do not pick up after their pet. Placing cameras strategically in places where the problem is concentrated and training security guards to spot when owners walk away without cleaning their dog's waste will create the cash necessary to invest in maintaining clean green areas where people can feel comfortable walking. 

Iteration No. 1- Middle aged pet owner, homeowner. 
  • Do you think there is an issue to be addressed when it comes to the cleanliness of the community's green spaces? Sometimes there is an issue with the smell of urine and waste more than the actual waste being visible. I do not think the issue is all that pressing, it's only an issue in certain areas. 
  • When do you notice the issue the most? When I sit next to the community lake. It smells bad. 
  • How long do you think this has been an issue in the community? It has gotten worse since they started leasing apartments. This used to be a home owner's place. 
  • When did you first notice the issue? I just thought about it, I never really noticed much. 
  • How do you currently handle the situation? I don't lay down on the grass. 
  • What do you think the best solution to the problem is? Not allowing pets in the community. 
Iteration No. 2- 23 year-old pet owner, tenant. 
  • Do you think there is an issue to be addressed when it comes to the cleanliness of the community's green spaces? Yes, it's disgusting that I can't walk my dog around without stepping on something. 
  • When do you notice the issue the most? In the morning after everyone walks their dog. 
  • How long do you think this has been an issue in the community? Ever since I've lived here, 5 years. 
  • When did you first notice the issue? When I first got my dog 3 years ago.  
  • How do you currently handle the situation? I am watchful and careful of where I step. 
  • What do you think the best solution to the problem is? Install more doggy bag stations throughout the community and enforce fines for those who do not pick up after their dogs.
Iteration No. 3- 21 year-old pet owner, homeowner 
  • Do you think there is an issue to be addressed when it comes to the cleanliness of the community's green spaces? I definitely think there is an issue that needs to be addressed.
  • When do you notice the issue the most? When I started walking my dog on the grass.
  • How long do you think this has been an issue in the community? Probably always, I just didn't notice much until recently. 
  • When did you first notice the issue? *see above 
  • How do you currently handle the situation? I am watchful and careful of where I step. 
  • What do you think the best solution to the problem is? Install more doggy bag stations throughout the community and enforce fines for those who do not pick up after their dogs.
Reflection: It appears after the interviews that this issue is not obvious to the average resident who doesn't make frequent use of the green areas. Even so, people who use the green areas frequently have found ways to cope with the issue and be careful. 

Summary- I think since more people than I thought do not notice or think about the issue as much (whether they're not pet owners or don't frequent green spaces much), there might not be as much demand for change. Of course, most people prefer clean areas, so there is still opportunity, but the percentage is smaller.  
I do believe the new opportunity is more accurate. Getting feedback from those affected bring to light new perspectives and ways to solve the issue. I think it is essential for entrepreneurs to adapt their opportunities based on customer feedback. The purpose of entrepreneurship is to create solutions that work, and the solution depends on the problem and how it is perceived by those most affected.



3A- My Entrepreneurship Story

My Story: During my last year of high school I was part of an organization called DECA where I had the opportunity to create and present a business plan to a team of judges in state competitions. My business model consisted of a tea company start up that sold all kinds of imported teas, mainly from India.
Image result for florida deca     We proposed this plan to the judges after doing extensive market research and realizing there was great demand for imported teas. The entire experience was eye opening because I never thought 
about how much time, work, and resources go into creating a company from scratch. Our final paper was 30 pages long, and we covered topics from target demographics to the distribution model. 
     This was the first time I was exposed to entrepreneurship in a deep and meaningful way, and the experience inspired me to pursue business management as a career. 


Why I enrolled in ENT3003: I enrolled in ENT3003 because it satisfied one of my degree requirements while providing an interesting opportunity to gain knowledge that will be beneficial if I decide to open my own business in the future. 

Thursday, January 17, 2019

2A- Bug List


  1. Bus #34 takes really long breaks at the most inconvenient times. For example, I will get on the bus to get to class only for it to drive to the next stop and take a 10-15 minute break.
    1. Drivers need specified breaks to rest and the stop I take is the one right before the break happens. 
  2. The chairs at Carlton Auditorium are super uncomfortable. Sometimes it feels like the chair is pushing me inward and I can spend a whole class hour just trying to fight against it. 
    1. They wanted to make the room more organized and tidy by having retractable chairs, but this is at a cost of comfort. 
  3. Don't get me started on the desk size at TUR007. How am I supposed to comfortably take tests on such a tiny desk?
    1. This also goes back to the fact that smaller desks save space and are therefore seen as more convenient and less bulky. 
  4. Getting lunch anywhere on campus during lunch hour is a nightmare because every good place has a giant line. 
    1. There is only so many places that can serve lunch for over 60k people. There are too many students and too few places to choose from on campus. 
  5. Library West and Marston are always so full that finding a good place to study turns into an awkward chore. 
    1. Again, it goes back to UF hosting so many students and having facilities that don't easily accommodate all of us comfortably. 
  6. My iPhone 8+ doesn't have "tap to wake" function. Sometimes I want to quickly check the time but that requires clicking the side button or raising the phone. If I click the home button it sends me to the password screen so I have to hit "cancel" to see the time, adding an extra step. 
    1. I don't know why the iPhone 8 doesn't have this feature. The iPhone X and every other phone after it does. Maybe it's just another small incentive for people to buy the X instead of the 8. 
  7. The Enclave is full of people with dogs that don't pick up after them. As a dog owner who always picks up after her pet, this one is probably the worst one for me.
    1. This might be an accessibility issue because there aren't enough dog stations close to all buildings. 
  8. U 2 is in my iTunes library and plays automatically when it connects to my car's Bluetooth.
    1. Apple allowed the band to put their music in people's phones, and deleting them directly from itunes is a hassle.
  9. The Dunkin Donuts across from Heavener hall seems to always serve stale coffee, and I don't know why but I keep on buying it. 
    1. They most likely make everything in the morning so when I get afternoon coffee I'm getting coffee that was sitting there for hours. 
  10. Talking to financial aid is a chore and the line moves very slowly. Last time I tried calling them I waited 25 minutes on the line just to speak to a live person.
    1. They are probably understaffed during peak season. 
  11. USPS has virtually no over the phone customer service. Unless you got time to go in person and wait a long time in line just to be rushed by a worker trying to make the line move faster, you're out of luck. 
    1. Also understaffed, possibly overworked. 
  12.  When I'm making a line and the one next to me is moving faster. I switch to that one and the one I was in is now moving faster.
    1. They might be moving at the same time but I perceive it differently. I.e the grass is always greener on the other side. 
  13. People that don't use blinkers.
    1. They weren't taught to drive properly.  
  14. People who smoke in public places. 
    1. They weren't taught properly. 
  15. When you go to the doctor you wait like an hour to see them but if you're 5 minutes late they cancel your appointment. 
    1. Doctors work in very tight schedules. 
  16. Ads on facebook videos while using the app. 
    1. They need to make money this way. 
  17. My HP laptop has a really loud fan. It's an amazing laptop that could be perfect if it was just quieter. 
    1. It has a cooling system that wasn't engineered properly. 
  18. My car's sun visor doesn't help me when I need it because I'm too short. 
    1. The visor is just too small. 
  19. Wearing high heels is uncomfortable. 
    1. They were made to be fashionable, not comfortable. 
  20. Pub sub lines move very slow no matter when or where you go.
    1. They have high demand and only a few people working on the subs.  

It became harder to come up with new ideas after the 10th one. I had to take a break and think about every day life throughout my daily routine in order to think up the last ones. These things can be bothersome, but clearly I'm not used to thinking about them consciously on a daily basis. It is interesting to think about how many little things can be bothersome but we are just used to them as they are. 



Monday, January 14, 2019