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@florenzzzvirtuedazzling
Venture Proposal
What I appreciate most about this course's components is that they require me to think critically and expand my knowledge beyond what is common in my area. It is quite difficult; it is often difficult for me to imagine that I am working on this project by myself, but happily, I am surrounded by brilliant and skilled group members. We conducted our interview for our venture proposal two weeks ago and Our main idea is to create an app that allows all the stores on the CMU campus to provide online service for convenience and comfort. Essentially, it is an ordering app, but I believe it will solve the problem of the majority of students not to mention that It will really save them time, energy, and effort traveling to stores from their separate distant colleges.
The concept was undoubtedly subjected to analysis, and at least five people were interviewed by each member of the group. We questioned them about the five most prominent problems they could observe in the local area, how they would advise resolving them, and how they believed people may profit from their solutions. Technically, we asked them such questions rather than pondering them ourselves. According to those who participated in the interviews, our team developed an ordering application that addresses all of the needs present in the CMU market and primarily addresses the issue of the shortage of different kinds of establishments close to the colleges. The team came up with two options: delivering only food products or being versatile with various products included, so we chose the latter. As a result, we opted to incorporate other products to make sure that the app interface has a variety of product inputs. We six members of the team understood the value of following a methodical procedure for conducting a systematized interview and appreciated how important it was in terms of how it could support the proposal that was being suggested. Fortunately, it helped our team come up with a wonderful idea, which, despite the emergence of other ordering apps, I feel can still assist our fellow CMU students. Now that we had acquired information, we had an online group conference. In just one hour of conversation, we were able to determine the essence of the project we wish to pursue, and therefore we choose Tap&Go as our pioneering idea. Numerous considerations were made; however, we are nevertheless aware that our proposed notion is lacking and requires clarification and criticism for improvement. Then, when we presented it, I learned a great deal from Ms. Tumaroy; however, despite the fact that I always eagerly listen to her discussion, I missed some information that would have strengthened our output. When the moment arrived, I assumed it would only be bitter, but it ended bittersweet. We lacked data for our validation with store owners, motorela drivers, and many other factors that must be taken into account before we can declare this concept successful. In order to establish a successful relationship or cooperation with the stores within CMU, we are now creating, pacing, and attempting to construct the necessary information, questions, and proposal. Aside from the venture proposal, I also enjoyed doing rejection therapy, which was a bit awkward but truly enjoyable, and I was ecstatic to learn that, out of all the groups, ours was the only one to successfully construct a spaghetti tower, which makes me proud and perhaps reflects our group's effective communication, collaboration, and synchronized mindset.
After a two-year hiatus, I can say that my week was a blast, filled with learnings and new experiences. My brain is finally being mentally stimulated and endorphins are being released; I am pleased with what I am doing and learning at the same time and also we are hopeful that our project proposal will be accepted.
My First Immersion in Entrepreneurship Journey
Every time I hear the word "entrepreneurship," I picture a, successful business. My preconceived conception about entrepreneurship is that it involves people who are working tirelessly to maintain a healthy flow of business between rival companies. I was mistaken; innovation and the vision of intriguing ideas from nothing to a breakthrough are the cornerstones of entrepreneurship. It involves risk in the goal of demonstrating a solution to the issue and how to make money from it, but it does not ensure immediate success. Failures are a given, and the keys to success in this vast and dynamic sector are perseverance, ingenuity, and a mission-driven aim. I've come to the conclusion that entrepreneurs are essential to the community because without them, the economy would flop and there wouldn't be rapid growth across the field. Right now, everything revolves around business; it has a charisma that always leads people in circles, delights people's senses, triggers desires, and affects a person's emotional side, turning them into a consumer or someone wanting to engage in business. I also came to the realization that there is no real reason to constrain ourselves to the only field we have already encountered and mastered. Instead, we can explore by first being keen observers of what is truly lacking in our community or surroundings and then analyze the area in which we can integrate our solution and as to how we can make money from that particular issue. Entrepreneurs constantly search for chances and seek the positive side of every challenge. This is what truly enthralled me for I feel like I am the type of person who always finds ways for every struggle. In addition, according to my Berkeley index score, I am responsible, creative, and collaborative, yet my attitude is not completely set when establishing ideas. I adore nursing, so I can tell that I am highly passionate about my studies, but when it comes to business experience, I am no zero. I joined a multi-marketing business in 2020 and made 20,000 Php in just two months. However, I got busy and my mother objected, so I stopped. However, this does not mean that I don't have plans to join the business in the future. I may not do so right away because I am still engaged in nursing school, but I am certain that I can handle business in the future. I am dependable and hardworking, but I also need the right knowledge, attitude, and strategies. So much for my own narrative; I'm actually glad I have this topic to write about. While I battle with my major subjects in this course, I get to enjoy the ideas and teachings of this subject because I know I can utilize it if the day ever comes that I want to have a side income or if God changes my calling and allows me to become an entrepreneur. At the time, I attended a seminar where someone tried to persuade me that working for myself would allow me to spend more time with my family and not have to work nonstop. I firmly believe this to be true. He also said that businesspeople do have a good chance of becoming wealthy and paying less taxes overall. Well, I already knew that the wealthiest people nowadays work in cutting-edge industries. And this is what my instructor told me also and it brought a sudden bump to my mind. Nonetheless, sincerity dictates that while money can purchase some happiness in this world, I also think that each of us has a chosen and prepared vocation for ourselves. We have different areas of expertise, so it is improbable that everyone can be a successful businessperson. I can also add that while everybody can be in business, not everyone can be an entrepreneur. Overall my introductory phase in this course is quite a blast!