ENT3003: Principles of Entrepreneurship

Economic trend: Minimum Wage Increases Source: https://www.thesimpledollar.com/four-economic-trends-that-will-impact-you-this-year/ I believe that this trend will mean that people will have more money to use to spend on luxury items as they will make more during the year. I think that the prototypical customer is the people that receive minimum wage as they will have more to spend. It is a difficult opportunity as you got to make sure that you can make a profit as you will have to pay your workers as well. Economic trend: UltraFICO scores are coming Source: https://www.thesimpledollar.com/four-economic-trends-that-will-impact-you-this-year/ I believe that this is an opportunity as more people will have access to more credit therefore, they might purchase more products. The prototypical customer is people that are applying for credit or loans. It is a difficult opportunity as it will be hard to make people use their credit on un wanted things. Regulatory change: Bettin...

DRINKING WATER PROJECT ON HOLD https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2BBay%2BTimes%2B%2528FL%2529/year%3A2019%212019/mody%3A0122%21January%2B22&f=advanced&action=browse&format=text&docref=news/1711D749C1681B80 The city of Clearwater is trying to build a plant to turn wastewater into freshwater so that it can be pumped into the aquifers but the cost to build spiked and they put a hold on the idea. The problem is that they have higher than expected building cost have stalled the construction of the plant. The city has the problem directly as they have to foot half the cost of the plant and any overages above the original $28.6 million but, the entire Tampa Bay is indirectly affected as they are going to be having higher water bill payment. CUBICLE LIMBO WEIGHS ON FOSTER KIDS https://infoweb-newsbank-com.lp.hscl.ufl.edu/apps/news/document-view?p=WORLDNEWS&t=pubname%3ASPTB%21Tampa%2B...

I believe that an opportunity exist in watching sports. There is a need for people without cable or without sports packages to be able to watch all types of sports. This need has been around for a while as sports have been around for a long time and not everybody has cable. Today people are either purchasing cable or streaming them illegally online. I believe there is a 50 percent chance that this opportunity exist. #1 Mid-twenties male How often do you watch sports? 6 hours a week of sports What device do you use to watch sports? Usually TV or Computer Have you ever had a sports game that you wanted to watch but couldn’t because you didn’t own the channel? No as he has just streamed them online. How have you gotten around that? Streamed them online through third party Would you use a site that streams all sports? Yes, as long as it’s free. Reflection: I learned that my opportunity needs to be cheap or free in order to use it as people already are streaming them online on third party s...

My story starts with my parents, they came from India and started off by owning a motel. They then purchased a dry cleaner then more motels. I have been with entrepreneurs my whole life. I get to see and learn from them every day. Once I turned 16, I started working at both learning whatever I could so that one day I too could be an entrepreneur. They taught me a lot about owning businesses as well as vital skills that are needed to be and entrepreneur. The reason that I enrolled in ENT 3003 was to fulfill my requirements but after the first week I have enjoyed the class. I hope to learn more skills about being an entrepreneur as well as gain more knowledge about how to be a successful entrepreneur.

1)       When people don’t understand the rules of a stop sign.  Why? They didn’t pay attention when reading the rule book. 2)       When my roommate leaves dishes in the sink for a week. Why? He is too lazy to do them and lets them build up. 3)       When my phone dies prematurely at like 12 percent. Why? IPhone battery is broken. 4)       When people cut me off on archer then drive slowly. Why? They don’t care for others on the road way. 5)       When a fast food restaurant messes up my order. Why? They don’t pay attention to the screen that tells them orders as they make it. 6)       When I receive unwanted emails. Why? When companies sell my email to random people. 7)       When people drive slowly in the left lane on the highway. Why? They don’t follow the rules of the road. 8...

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