ENT3003

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29A - Venture Concept No. 2

Venture Concept No. 2 Opportunity My venture, Fast Fuel, is taking advantage of the opportunity of convenience fueling at gas stations when using cash. In gas stations all across America, the fuel pumps are designed to only take credit and debit cards while forcing cash customers inside to pay at the register. This is a hassle for millions of Americans who either always use cash or like to use cash when they currently have it. The amount of time that people can spend waiting in line at "convenience stores" can be upwards of 15 minutes depending on the length of the line, the amount of cashiers, and the amount of time each customer takes to pay. Although sometimes the wait might be minimal, this is never guaranteed and people should not have to rely on luck when in a hurry. This opportunity can be marketed towards any American who possesses a gas vehicle and does not exclusively use credit and debit cards. This opportunity also provides convenience not just to t

28A - Your Exit Strategy

1. I do not foresee myself handling this business after its first few found of successes as I'd rather a big short-term paycheck than having to operate the business for years to come. I currently have other passions that I would rather pursue than this business therefore giving me the desire to stop while I'm ahead. 2. I selected to sell my business after a short time period because I do not have that burning desire to operate a business in this particular field. I would rather practice law and make sure that is my main focus in the future. If I were to own my own business, I'd rather have it pertain to something I truly care about such as soccer and basketball. 3. I don't think this exit strategy had much to do with my initial concepts because I always knew I had to do everything possible just to get my business to a point where I could sell it. Even if I wanted to continue with the idea for the long term, I would have gone about the assignments the same way. I did

27A - Reading Reflection No. 3

How to Fail at Almost Everything and Still Win Big by Scott Adams 1. The general theme of this book is that failure is 100% natural and thats its more than okay to fail. Changing your perspective from setting goals to implementing systems is Scott Adam's preferred way of succeeding in the future. He specifically enjoys systems because they are not in the future and they are much less specific than goals, however they do include deadlines. Setting deadlines to track progress and maintain motivation is key to succeeding at any endeavor. As long as someone is putting the effort towards something and keeping their chin up, then they will "win big" or at least succeed in the future. 2. This book correlates well with our class because every assignment we complete is still technically a failure in the grand scheme of things. Our repeat assignments and progression allows us to learn from our failures and put that knowledge into our next assignments to better succeed.

26A - Celebrating Failure

1. I failed at getting my practice LSAT score to the goal of 165 that I wanted. I was able to every now and again reach that score and go higher, however my consistency was not there as I repeatedly scored high 150's. I never really struggled with the logical reasoning or reading comprehension sections but the analytical reasoning was something I could not master easily. Setting up problems into "logic games" was a skill that I never practiced before and the time constraints for finishing each section was difficult. In the end, I was able to consistently score around 160 in my practice LSAT and eventually settled for a 158 when I took the real LSAT. 2. I learned that failure is not indicative of your future success. Although I had to practice for a considerable amount of time, I was eventually able to "master" that difficult section so I could score better overall. I also learned that if you put enough time and effort into something similar to what I did, you

25A - What's Next?

Existing Market The next step for consulting service/product combo would be to finalize supplier relations and begin meetings with local, franchised gas stations to see how their support would hold up. Once I have connections with a supplier, the meetings will be more credible as I already have the means of production accounted for. I interviewed three friends from my sustainability class that use motor vehicles and cash and they agreed with my initial thought of finalizing supplier relations and pursuing the gas stations. The first interviewee, Rachel, also said it may be smart to set up relations with cash carriers such as Brinks who would take the money out of the machines in a secure fashion. When asking about future steps for customer desires, everyone believed that this is about far as the gas industry will allow innovation to go. Touch ups such as allowing the machine to provide change in dollar bill form as opposed to change (like most other cash readers) would al

24A - Venture Concept No. 1

Opportunity My venture, Fast Fuel, is taking advantage of the opportunity of convenience fueling at gas stations when using cash. In gas stations all across America, the fuel pumps are designed to only take credit and debit cards while forcing cash customers inside to pay at the register. This is a hassle for millions of Americans who either always use cash or like to use cash when they currently have it. The amount of time that people can spend waiting in line at "convenience stores" can be upwards of 15 minutes depending on the length of the line, the amount of cashiers, and the amount of time each customer takes to pay. Although sometimes the wait might be minimal, this is never guaranteed and people should not have to rely on luck when in a hurry. This opportunity can be marketed towards any American who possesses a gas vehicle and does not exclusively use credit and debit cards. This opportunity also provides convenience not just to the buyer, but also to o