Friday, September 28, 2018

9A-Testing the hypothesis, pt. 2

Who?  I believe that the reason there are people with opportunity but not the need is because there are plenty of people and business owners that are perfectly fine mowing their own yard.  They can handle doing all the yard work and do not have to worry about paying someone else to do it.  There are also people that can not afford to pay for it. 

What?  It could be linked to the need of trying to have your yard look beautiful.  It also could be that they live in a Home Owners Association neighborhood and they are required to have their yard properly groomed. 

Why?  The need would be the same because most people need to take care of their lawn and trees.  I only had one person that did not have this need because they said that their land lord takes care of their lawn. 


        Inside the Boundary                                           Outside the boundary
        People who need their lawn taken care of          people who handle it themselves
        lawn maintenance taken care of                         lawn not taken care of
        People can not do their own lawn                      people do it themselves

Friday, September 21, 2018

8A-Solving the Problem

The opportunity is that people need their lawn taken care of when they can not do it themselves.  I will be offering a full service lawn care business.  I will  cut peoples grass, trim their trees, edge their sidewalks, blow out their gutters, and also blow off driveways.  There will always be a need for people to get their landscaping done.  Living in Florida the grass always needs to be done at least every two weeks and sometimes once a week.  If I offer an all around service where they will not have to do anything outside of their house or business, they would be satisfied.  People are working more than ever and if people have the money they will always pay for convenience.  There is competition in lawn care because there is a lot of lawn companies.  I want a lawn company that will draw out a plan for the lawn care that will be done and offer better customer service than any other lawn service company. 

7A-Testing the Hypothesis, Part 1

1.  I would like pursue an all around lawn service business.
2.  The who would be: homeowners, real estate companies, businesses, strips of vacant land owned by county or state.  The what is that people and agencies are not able to do their own lawn care needs. The why would be that there are many people that who do not have time, can not physically do the job, or just do not want to do it. 
3.  I believe everyone in my who share this need.  Anybody who has property and does not or can not do it themselves.  Some people will have their why because of multiple reasons including:  not enough time to do it, or they do not have the capability of doing it themselves. 
4.  While interviewing the five people I have seen that some of the people have this opportunity (4 out of 5).  They seemed happy with the idea of not having to worry about their yard since they have so many things to do and no time.  Some peoples need stemmed from not enough time (3 out of 5).  The other two people's opportunity stemmed from not being able to physically do it themselves.  Overall it seems this a big opportunity.  The only thing I was not expecting was that two of the four that have this opportunity could not afford to pay someone to do it. 

Friday, September 14, 2018

6A-Identifying Opportunities in Economic & Regulatory Trends

1.  How to fix being an impulsive buyer
a.  I found the article on Yahoo Finance.
b.  The problem is that there are impulsive spenders and can not manage their finances.  The opportunity is to possibly create a business to help them manage their money. 
c.  Young adults would probably be the most impulsive spenders.  Lets say 18-30 would probably be the age range. 
d.  I believe the problem would be easy to exploit.  There are so many people out there that are impulsive spenders and can not manage their own finances. 
I am sure that other people would have seen this opportunity.  I would think that my own problems with managing money led me to form this opportunity into a business idea

2.  How to prioritize debt and payoff what needs to be gotten rid of first.
a.  I found the article of Yahoo Finance.
b.  The problem is that are people that have gotten into a lot of debt and do not know where to start when trying to pay it off.  The opportunity is to advise people on prioritizing debt and paying off the right ones first. 
c.  Again, I would have to say young adults, but probably from 21-35 years of age. 
d.  I believe this problem would be easy to exploit.  America lives on debt and so many Americans do not even understand it.  They just say "hey there willing to give a car or house and al I have to do is make a monthly payment, sign me up."  They do not understand the interest or any aspect of it. 
Other people I am sure have seen this problem.  I see the opportunity as a business because I use to struggle about prioritizing debt.  I did a lot of research and I am now good at prioritizing debt.  It was hard work that most people would rather pay someone to do than to just do it themselves.

3.   priority invasive species that need to be taken out of Florida
a.  I found it on laws.flrules.org
b.  An opportunity is present for a trapper to take out these invasive species
c.  people who are outdoors a lot, and know the wildlife. 
d.  This one might a little troublesome to exploit because it is a niche thing for people to get into.  I love wildlife and this is something that I would be interested in. 
4.  law to help parents not have to put up child for adoption.  It is trying to keep families together
a.  I found it on regulations.gov
b.  There should be parenting class to help families succeed and not have to put their kids up for adoption. 
c.  It would be for young adult parents that do not know much about parenting.
d.  It might be difficult to exploit because many parents might not want to seek help because they are embarrassed.  I was once a young parent and it was difficult. 

Thursday, September 13, 2018

5A-Identifying Local Opportunities

1.  Clean Water is his Mission
https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2018%212018/mody%3A0902%21September%2B02&f=advanced&action=browse&format=text&docref=news/16E3BAA0D4EB4538
A student at a Hillsborough County middle school has been investigating why there is lead in the school districts water. 
The problem is that there unsafe levels of lead in Hillsborough County schools drinking water. 
The people who have the problem are anybody who attends, teaches, or goes to the school and uses the drinking water.  It could potentially harm them. 

2.  Road Rage is All Around Us
https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2018%212018/mody%3A0902%21September%2B02&f=advanced&action=browse&format=text&docref=news/16E3BA9FD1F588C0
The story is about the amount of road rage that is going on the Tampa Bay Area and how it is increasing all the time and getting worse. 
The problem is that there is a lot of road rage in the Tampa Bay Area and it is dangerous. 
The people who have the problem is anybody who is riding in a car or driving a car.

3.  Spanish-Language Ballots an "impossibility," 32 counties say
https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2018%212018/mody%3A0905%21September%2B05&f=advanced&action=browse&format=text&docref=news/16E46332C9A6B400
The story is about how 32 counties say that they can not make ballots bilingual for upcoming November election.
The problem is that there are many Latino voters in Florida and they will not be able to read it English if they can not read English. 
It will effect anybody who can not speak English but want to vote in the election. 

4.  Sand Key Beach Parking Will Cost $3 Dollars an Hour
https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2018%212018/mody%3A0518%21May%2B18&f=advanced&action=browse&format=text&docref=news/16C0120B06DF56A0
The story is that instead of being free, it will cost three dollars an hour to park at the Sand Key Beach parking area instead of being free.
The problem is that it will cost money to park instead of being free like its always been.
The problem will be for anybody that goes to the beach and now has to pay for parking.

5.  Error Costing Pinellas, Some Workers $500k
https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2018%212018/mody%3A0614%21June%2B14&f=advanced&action=browse&format=text&docref=news/16C8A21AD6531298
An error occurred in end of the year tax papers will cost county employees a lot of money.
The problem is that some county employees are going to lose a total of around $500,000. 
The problem will occur for the county employees whose tax records were screwed up. 

Friday, September 7, 2018

4A-Forming an opportunity belief

I believe that an opportunity exists in that people need to go to the bank after regular business hours and on the weekends but there is no bank open at that time.  The unmet met need is that people always need the banks when they are closed.  I believe that everybody who has ever needed money when the bank was closed has this opportunity.  It is no certain demographic, gender, or group of people that this applies to specifically.  I believe that this need has always existed.  As far back as I can tell they usually are just regular business hours.  People try to fix this by using an ATM but sometimes there are things that can not be done through an ATM.  I am about sixty percent sure that this opportunity exists. 

first prototypical customer:  Do you ever need to go to the bank when it is closed? Yes, sometimes I find myself needing the bank when it is closed.  Do you experience this need sometimes, often, or hardly ever? Now that I think about it, I hardly ever need to go in the bank when it is closed.  How long have you had this need? I cant remember the first time that it occurred, but it happened a long time ago.  How do you deal with this need, and are you satisfied with this solution?  I usually just wait until the next day because it is not a huge inconvenience. 

second prototypical customer:  Do you ever need to go to the bank when it is closed? Yes, but I can just go to the ATM and withdraw money if I need to.  What if you need to cash a check though? I can go to Amscott.  Yes you can, but there is a big fee when they cash your check.  Well I can not argue with you there.  How often do you find that you need this?  Not too often, but it does happen sometimes.  How long have you had this need?  Ever since I started getting checks from my job.  Are you satisfied with your solution when you go to Amscott to cash your check?  It works for cashing my checks but the fees are really high. 

third prototypical customer:  Do you ever need to use the bank when it is closed?  Maybe one time I have had that problem, but it was not a problem.  How long have you had this need?  It happened one time a couple of years ago when I needed to go to speak to someone at the bank about problems with my account, but I just waited until the next morning.  Do you think that an after hours bank would benefit you?  No, I do not believe I have a big enough need for an after hours bank. 

I realized that the people I interviewed did not find it as big of an opportunity as I did.  They were pretty similar in saying that their need was not very much.  There was not a huge need from these people. 
I learned that there is not as big of an opportunity for this solution as I thought.  Although it seems like a good idea to me, other people might not have a huge need for this.  In hindsight it is not the best idea for a business.  I believe consumer feedback is a great way to see if your idea is a good idea. 

3A-Your entrepreneurship story

A few years ago I was in a tight spot financially and wanted to make some extra money.  I did not want to work for two bosses at the same time so I tried to do something myself.  I bought a lawn mower, a leaf blower, and a string trimmer.  I started going from door to door asking people if I could mow their yards.  I eventually had six consistent yards on the outside of my full time job.  I quickly realized that being your own boss is not as easy as it sounds.  It is great in the sense that you can make your own rules.  The hard thing is that I was putting in all of the work by myself.  It made it hard on days when I did not feel like getting back in the sun and sweating all morning.  The one great thing was that any money I made was all mine and what I could make was up to me. 

I needed one elective for my major and I was looking through the list and saw this class.  I thought to myself that I want to be a business owner one day and I knew this class would pertain to that.  I am hoping that this class will help me hone and think about concepts of entrepreneurship that I would not have thought about.  I believe this class will make me a better entrepreneur.  It will help me develop skills that I need in business. 

PT Barnum is my favorite entrepreneur of all time

2A-Bug List

1.  I hate when I am shaving and I get cuts and razor bumps on my neck and face.
I have sensitive skin.

2.  I hate the fact that every time I dry a load of clothes I have to empty the lint filter.
The lint falls off of clothing and the filter catches it.

3.  The fact that my bank is only open weekdays and only open until 4pm.
That is the standard time most banks have,

4.  I do not like that I have to shave every day before going into work at Publix.
It is a rule that Publix has had since there first opened.

5.  I hate sitting in rush hour traffic on Veterans Expressway in Tampa.
Everybody is leaving work to drive away from Tampa from 430pm-600pm.

6.  I have to sharpen my lawn mower blade every couple of weeks.
The wet grass constantly dulls the blade.

7.  I do not like that there is no one single streaming service that has all movies and tv shows.  You have to have multiple to watch everything you want.
Nobody owns the rights to stream all movies.

8.  I do not like that online gaming used to be free and now you have to pay a yearly subscription.
If you can offer a service, why not make money off of it?

9.  There are certain notification settings on Instagram that I want to change but I can not.
It is so that you can see all notifications and it might make you open the app.

10.  I do not like doing an oil change every 3,000 miles in my 1994 Dodge Dakota.
It is an older truck and needs it more frequent than most newer cars.

11.  I do not like the fact that some applications are not available for my Iphone.
Android and IOS have different rights for applications and what is on their app store.

12.  It bugs me that people conform and do things a certain way because other people do it that way.
people feel more comfortable going with the flow than being original.

13.  I hate the fact that you have to tip when being served at steak and shake.
In America waiters/waitresses get paid a low wage and rely on tips to get paid well.

14.  I hate that when I take my car to get serviced they magically find ten more things wrong with my car. 
People will try and take advantage of you if they can.

15.  It bugs me when I forget to buy toothpaste at the grocery store.
It is not fun to go the day without brushing your teeth.

16.  It bugs me that all the fishing spots I had as a kid are almost extinct.
People are buying all the waterfront properties and building apartment complexes and houses.

17.  I hate shopping at Walmart on the weekends.
There is always a ton of people and only two registers open so it takes forever to check out.

18.  I hate the fact that my shower head barely pushes out any water.
It is old and should be replaced.

19.  It bugs me that I need more than two hdmi cords that need to be plugged in my tv and there is only two ports.
The tv company only designed it with two ports.

20.  I hate the fact that when I send something to the trash on my computer, I still have to go empty the trash.
Probably a safety net so you do not accidentally destroy something you need.

It was fairly difficult for me to come up with a list of twenty things that bug me.  At first I thought to myself, this is easy.  I started and once I got to about number five, I was stumped.  I spent the next week thinking about it as much as I could.  It took me until the last day of the assignment and I finally got to twenty things that bug me.  When I asked the question "Why is it a bug?" it was not all that hard for me to answer the question.  I was amazed at how many things bugged me.  These are things that need to be fixed!