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30 Final

I think my favorite experience with this class is the interactive nature of it. If we weren’t in the small groups, we wouldn’t have had the chance to see each other’s ideas evolve and grow. It was nice to have a few specific ideas that we could follow along with our own. I don’t think of myself as an Entrepreneur quite yet, but I do think I have a different perspective on things. To those who come into the course, I would say be creative in your posts. The more you invest in your posts, the less it will seem like an assignment and the more it will seem like something you’ve created.
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29 Venture concept 2.0

For my concept, I want to have a service that installs separate roads specifically for scooters and other smaller vehicles. This road would cut through a campus or any large area that has limited roads and a lot of foot traffic. People would be able to purchase a decal to use this road and park on it. It would, for example, cut through Plaza of the Americas and would get students to class much more quickly and take traffic off the roads for cars. This road can be used by faculty or by students, and even Gainesville residents. Anyone who frequently comes through campus could use this, but it would be mostly college students. College students are the perfect market for this, and they are already constrained to the area exactly where the product would be. The value derived from this comes from saving time that’s wasted when scooters have to deal with traffic, as well as having safer commutes to class without having to share the road with cars. This would be catered specifically to ...

28- exit strategy

To be honest, I don’t think this is a question I can answer without seeing what happens. There’s no way to know a business’s success until you see how the market reacts. If I see a plateau in the business and the work I put in isn’t justified by my return, I will try to sell it. If it gets incredible yet sustained growth, I’d love to pass it down, as long as that is what my children were interested in, but I also might sell it. I don’t even know if I will have kids at this point; I have no way of answering that question without the facts. That being said, this mentality will influence all of my decisions. If my business started sinking, my idea of an opportunity will narrow, and if it succeeds I will broaden my idea of one. The more resources, experience and success I glean will determine what happens next.