1. The exit strategy that I plan to make is selling my business off a few years down the road for a large sum.
2. I have already touched on this in one of my previous posts, but I would choose this exit strategy because I do not see myself managing a business for my entire life. I do not think that I have the right personality to turn a business into a family business and hand it down to my kids, but I do think that I could start a business and let it be bought out by a bigger company for a large sum of money. I would just like this strategy the best because then I would use my money to invest and I would get a steady job that would supplement my earnings from the sale of the company and allow me to live comfortably for the rest of my life.
3. I do not believe that my exit strategy has influenced how I have identified an opportunity, but I do believe that it has influenced my growth intentions because I have always had this exit in mind when designing my venture and I believe in growing my business as quickly as possible so as to gain a large traction in the market that is attractive to a larger investor who would be willing to buy out my company.
Friday, November 22, 2019
Alex Clouser- Reading Reflection No. 3 Assignment 27
1. I read about Phil Knight, the founder of Nike. What surprised me the most in his book, Shoe Dog, is how Phil Knight managed to not write some boring autobiographical book about his rise to success, but how he actually made it extremely interesting and a very interesting and motivational read. I most admire his tenacity and passion that he put into his business from the time that he was in college. Phil Knight wrote an entire paper his senior year of college that explained how Japanese cars were becoming very popular in the United States, so Japanese shoes would be no different and he saw the opportunity for this market to be very lucrative. After college, he actually traveled to Japan, after traveling all over the world, and set up a meeting with a top Japanese shoe manufacturer and actually made them believe that he owned his own shoe company in America and faked his way into a deal that allowed him to distribute their shoes in America. I least admire the way that Phil recklessly took action like that and did not even have a way to pay for the shoes he had just negotiated a deal for. I think that you do not always need to plan out every aspect of a business, but I believe that you need to at least plan out your financial risks and expenses or have a general plan before you start to take action. He did encounter adversity as his motto was "fail fast" because this early failure can lead you to bigger and better opportunities in the future by learning from failure. Most of his adversity came in the early stages of Nike when he made almost no profit off of Nike because he reinvested every penny into buying more shoes to sell. He even had to take a full time job with an accounting firm to be able to pay his bills and support his new wife and kids.
2. I noticed that Phil Knight exhibited competencies such as tenacity, passion, and a growth mindset. He was not particularly skilled in the finer parts of business, but he was able to learn because he had passion for what he was doing and the tenacity to make his dreams a reality. He also accepted risks and failure because he believed that these would ultimately help him to grow and expand his ideas in the future through the lessons and wisdom these experiences provided.
3. One part of the reading that was confusing to me was how he would reinvest every single penny into ordering more shoes in order to expand Nike as quickly as possible. I found this very confusing because I would never do this because although it worked, it is extremely risky as you can have a bad sales year and then you are left with inventory that you already paid for and are not going to make any money on, losing money in the long run.
4. If I was able to ask two questions to Phil Knight, I would ask him how he managed to stay so focused on his business throughout everything that went on and also how he managed to fake a company into reality when meeting with the Japanese shoe company. I would ask these questions because they both fascinate me and I think it would be cool to hear his entire experience word for word about his meeting with the Japanese shoe company for the first time.
5. I believe that Phil Knight's opinion of hard work is that hard work can get you through the most difficult challenges and with a little hard work, you can make your dreams a reality just as he did. I share this opinion as I am a big advocate for work ethic and it correlation to success. I believe that if you put in the work, you will see the rewards.
2. I noticed that Phil Knight exhibited competencies such as tenacity, passion, and a growth mindset. He was not particularly skilled in the finer parts of business, but he was able to learn because he had passion for what he was doing and the tenacity to make his dreams a reality. He also accepted risks and failure because he believed that these would ultimately help him to grow and expand his ideas in the future through the lessons and wisdom these experiences provided.
3. One part of the reading that was confusing to me was how he would reinvest every single penny into ordering more shoes in order to expand Nike as quickly as possible. I found this very confusing because I would never do this because although it worked, it is extremely risky as you can have a bad sales year and then you are left with inventory that you already paid for and are not going to make any money on, losing money in the long run.
4. If I was able to ask two questions to Phil Knight, I would ask him how he managed to stay so focused on his business throughout everything that went on and also how he managed to fake a company into reality when meeting with the Japanese shoe company. I would ask these questions because they both fascinate me and I think it would be cool to hear his entire experience word for word about his meeting with the Japanese shoe company for the first time.
5. I believe that Phil Knight's opinion of hard work is that hard work can get you through the most difficult challenges and with a little hard work, you can make your dreams a reality just as he did. I share this opinion as I am a big advocate for work ethic and it correlation to success. I believe that if you put in the work, you will see the rewards.
Alex Clouser- Celebrating Failure Assignment 26
This semester was my roughest semester here so far and was no walk in the park. I decided at the beginning of the semester to take 16 credits and I believe that was a big mistake as I have been extremely busy all semester trying to keep up with my classes. This semester has been full of a lot of challenges, but not necessarily failures. I have also had a couple health scares throughout the semester that I have been monitoring closely with my doctor that have made things even more hectic. Overall, I think my biggest failure this semester was getting a D on my first financial accounting exam. I count this as my biggest failure this semester because I have already taken financial accounting in high school during my freshman year as part of the Academy of Finance program at my high school. I believe that having already took it somewhat contributed to this bad grade because I was very overconfident and thought that I didn't need to study that well because the test was just going over the basics that I already knew. I did not study until the day before the test because of this overconfidence and it ended up hurting my grade very badly. This failure was a wake-up call that I needed to start putting in more effort to that class in order to succeed. I learned from this failure by starting to study for my next exam a week before so that I had enough time to practice and thoroughly understand everything. This improved work ethic was rewarded by a much better grade on the second exam that brought up my grade a lot. I believe that failure is hard, but it is necessary to grow as a person. Failure brings about change in our lives more effectively than anything else. I usually handle failure by freaking out at first and thinking of the worst possible scenarios and consequences to come out of this failure, but then after about an hour I settle down and realize that I just have to do something to avoid the same mistakes next time. I usually brush things off pretty easily and am a pretty laid back individual, so I don't fear failure a whole lot, but I definitely have a healthy awareness of it. To be honest, I do not think this class has changed my perspective on failure as I always saw it as a stepping stone for success even before this class. I feel as though this class has just emphasized my pre-existing view on failure and not really changed it. I would say that I am not a risk averse person, but I do not actively seek risks for fun, I will take some risks but most of the time I would rather play it safe.
Friday, November 15, 2019
Alex Clouser- What's Next? Assignment 25
Existing Market
I believe that what is next in terms of products and services for my venture is just a few simple data collection methods that are not invasive to people's privacy. Based on the feedback I received from three of my connections in the retail industry, they said that I should focus on changing the stigma surrounding data collection to really make my whole business work, and that I should target other big retailers in order to cover the most ground possible with regards to awareness about my product. I also believe that this should be my plan in the future as it would give me a wide range of people who are aware of my services and also in need of my services, which is good for starting the business.
What makes the most sense for growing in my existing market is just to try to appeal to many big name retailers and to try to persuade them to use my data collection methods in order to more effectively and ethically improve their future ventures. I believe that my company can be very successful in this market and that it is definitely the market with the biggest potential for my product and has the most need for it.
New Market
A new market that I am thinking about targeting once my company is expanded and grown is social media companies such as Facebook. Many questions surround these companies and their uses and collection methods of consumer data and I believe that my company could help to change consumer attitude towards them and that they would be more successful than they already are due to more positive publicity. Based on my interviews with two people I know who work for Facebook, I believe that my venture would be very successful because they recognize the public's attitude towards their current data collection methods and they see it as their weakest point in the public's perception of their company and are actively trying to fix it.
What surprised me the most about this new market is that they are actively trying to fix the problem and have still not garnered any attention to this fact by the media. I found it very interesting how they also are very self aware and keep up with their own social image of their company, although it makes sense because they are a social media company. I think that with a few tweaks and different data collection methods, my company would be very successful in this market and would be able to expand and grow, though I am not sure if it is to the same extent as my existing market because it would be harder to think of more secure and less invasive methods of data collection through social media.
I believe that what is next in terms of products and services for my venture is just a few simple data collection methods that are not invasive to people's privacy. Based on the feedback I received from three of my connections in the retail industry, they said that I should focus on changing the stigma surrounding data collection to really make my whole business work, and that I should target other big retailers in order to cover the most ground possible with regards to awareness about my product. I also believe that this should be my plan in the future as it would give me a wide range of people who are aware of my services and also in need of my services, which is good for starting the business.
What makes the most sense for growing in my existing market is just to try to appeal to many big name retailers and to try to persuade them to use my data collection methods in order to more effectively and ethically improve their future ventures. I believe that my company can be very successful in this market and that it is definitely the market with the biggest potential for my product and has the most need for it.
New Market
A new market that I am thinking about targeting once my company is expanded and grown is social media companies such as Facebook. Many questions surround these companies and their uses and collection methods of consumer data and I believe that my company could help to change consumer attitude towards them and that they would be more successful than they already are due to more positive publicity. Based on my interviews with two people I know who work for Facebook, I believe that my venture would be very successful because they recognize the public's attitude towards their current data collection methods and they see it as their weakest point in the public's perception of their company and are actively trying to fix it.
What surprised me the most about this new market is that they are actively trying to fix the problem and have still not garnered any attention to this fact by the media. I found it very interesting how they also are very self aware and keep up with their own social image of their company, although it makes sense because they are a social media company. I think that with a few tweaks and different data collection methods, my company would be very successful in this market and would be able to expand and grow, though I am not sure if it is to the same extent as my existing market because it would be harder to think of more secure and less invasive methods of data collection through social media.
Alex Clouser- Venture Concept No. 1 Assignment 24
My potential opportunity is in the data collection industry. The nature of this need is to have a data collection system that collects data effectively and securely because a lot of people have fears about the safety of their privacy with regards to data collection. My target consumer would be in the retail industry because they rely on data collection to further their business and their marketing exploits. The forces that are creating this opportunity are the public distrust and the overall attitude towards data collection and how it is invasive to consumers private data. I believe that the opportunity is long term because I think it will take a long time to change this public attitude towards data collection. I think that this is a big opportunity because of the lack of available alternatives to current data collection methods.
My innovation would be new data collection methods that do not invade people's privacy and make them feel better about the action of data collection. This innovation would make data collection more indirect through things such as promos or holiday gift guides or other things of the like. It works through people interacting with the product, such as ordering things from the holiday gift guide or participating in a special promo which gives you a certain bonus during a specific criteria, such as a discount when you shop on your birthday, or something of the like. I do not know yet the pricing criteria for my innovation, but I wouldn't make it too expensive because then no company would want to buy it.
The data collected from this interaction is then processed by the retailer and used to improve their next holiday gift guides with popular items purchased, improve their marketing campaigns, and gives them the ability to help better serve their customers with things that they want. This will help to ease consumer attitude towards data collection by not being invasive, yet also still help companies to further their future ventures. Companies will buy my product because they will gain positive publicity for actively trying to change their data collection methods and will not get as much public backlash as other companies have been getting in recent years because of the non-invasive quality of my methods.
I believe that my most important resource is my connections to people in the retail industry because that can benefit my venture the most and is also hard for other companies to replicate. What is next for my venture is to further expand my data collection methods and to continue to come up with new ways that are not invasive to collect data. To be honest, in 5 to 10 years I would like to see my venture become successful and would really like to sell my venture for a hefty sum of money because then I could put my energy into something less time consuming than running a business and would be able to focus on my other life goals that I have.
My innovation would be new data collection methods that do not invade people's privacy and make them feel better about the action of data collection. This innovation would make data collection more indirect through things such as promos or holiday gift guides or other things of the like. It works through people interacting with the product, such as ordering things from the holiday gift guide or participating in a special promo which gives you a certain bonus during a specific criteria, such as a discount when you shop on your birthday, or something of the like. I do not know yet the pricing criteria for my innovation, but I wouldn't make it too expensive because then no company would want to buy it.
The data collected from this interaction is then processed by the retailer and used to improve their next holiday gift guides with popular items purchased, improve their marketing campaigns, and gives them the ability to help better serve their customers with things that they want. This will help to ease consumer attitude towards data collection by not being invasive, yet also still help companies to further their future ventures. Companies will buy my product because they will gain positive publicity for actively trying to change their data collection methods and will not get as much public backlash as other companies have been getting in recent years because of the non-invasive quality of my methods.
I believe that my most important resource is my connections to people in the retail industry because that can benefit my venture the most and is also hard for other companies to replicate. What is next for my venture is to further expand my data collection methods and to continue to come up with new ways that are not invasive to collect data. To be honest, in 5 to 10 years I would like to see my venture become successful and would really like to sell my venture for a hefty sum of money because then I could put my energy into something less time consuming than running a business and would be able to focus on my other life goals that I have.
Alex Clouser- Your Venture's Unfair Advantage Assignment 23
Some resources that my venture already possesses are my work ethic, my connections to people in the retail industry through people that I have interviewed and talked to, my willingness to learn, my capacity for flexibility, my general business knowledge, my knowledge of marketing, and my social skills. I know this may not seem like a lot, but as of right now I am only as good as my social and human capital because I do not have a lot of financial capital as I do not have a job and am currently in school. I also do not have a lot of technical knowledge pertaining to the making of a data collection system at this point in my life.
My work ethic is valuable because it will allow me to actively seek to make my venture successful and to quickly and efficiently improve my venture. It is rare because a lot of people do not have very good work ethic, although I am sure that a majority of successful entrepreneurs do, which is what helps to make them so successful. It is not easily copied because it is something that is a part of your personality, not something you can just develop overnight. It is non-substitutable because it is a character trait and intangible.
My connections to people in the retail industry are valuable because these connections can allow me to grow my brand and have experts and people more knowledgeable than me give their input on my venture, which is very helpful coming from people in my target market. They are rare because not everyone has connections to their target market directly and can use them as a critical resource. They are not easily copied because these are people whom I have met and created a bond with, which is not so easily done by someone who is a competitor because of my preexisting bond with them. They are substitutable because I could just make new connections with others in the retail industry, but they are also non-substitutable because the knowledge or resources that I would gain from different people may vary compared to the people I have already made connections with.
My other resources are very similar to my work ethic, as they are all valuable because they can help me to improve my venture and make it successful, while also rare due to the fact that many people do not possess the same skills and traits, however those who do likely succeed in their ventures. They are also not easily copied because they take time to develop and some are just personality traits that you either have or do not have. These resources are also not substitutable as they are intangible traits which can vary from one person to another.
After reviewing my resources, I believe that my best resource is my connections to people in the retail industry because that is not very easily substituted and I believe that it brings the most value to my venture. If I did not have help with regards to my target market, it would be much more difficult to bring my venture to fruition, let alone make it a successful venture.
My work ethic is valuable because it will allow me to actively seek to make my venture successful and to quickly and efficiently improve my venture. It is rare because a lot of people do not have very good work ethic, although I am sure that a majority of successful entrepreneurs do, which is what helps to make them so successful. It is not easily copied because it is something that is a part of your personality, not something you can just develop overnight. It is non-substitutable because it is a character trait and intangible.
My connections to people in the retail industry are valuable because these connections can allow me to grow my brand and have experts and people more knowledgeable than me give their input on my venture, which is very helpful coming from people in my target market. They are rare because not everyone has connections to their target market directly and can use them as a critical resource. They are not easily copied because these are people whom I have met and created a bond with, which is not so easily done by someone who is a competitor because of my preexisting bond with them. They are substitutable because I could just make new connections with others in the retail industry, but they are also non-substitutable because the knowledge or resources that I would gain from different people may vary compared to the people I have already made connections with.
My other resources are very similar to my work ethic, as they are all valuable because they can help me to improve my venture and make it successful, while also rare due to the fact that many people do not possess the same skills and traits, however those who do likely succeed in their ventures. They are also not easily copied because they take time to develop and some are just personality traits that you either have or do not have. These resources are also not substitutable as they are intangible traits which can vary from one person to another.
After reviewing my resources, I believe that my best resource is my connections to people in the retail industry because that is not very easily substituted and I believe that it brings the most value to my venture. If I did not have help with regards to my target market, it would be much more difficult to bring my venture to fruition, let alone make it a successful venture.
Friday, November 8, 2019
Alex Clouser- Elevator Pitch No. 3 Assignment 22
All of my feedback on my last elevator pitch was very positive, with a few suggestions which I incorporated into this elevator pitch. I started with a hook again, and this time I used hand gestures and was not just standing still like I was in my last one.
Alex Clouser- Reading Reflection No. 2 Assignment 21
1. The general theme of "How to Fail at Almost Everything and Still Win Big" by Scott Adams was very witty yet knowledgeable at the same time. I was very impressed with how the writer kept the book very entertaining with humor and wit, but at the same time continued to tell his story and give his input on what is best for your own life achievement. One of the best arguments he explains in the book is this idea of systems vs. goals and how "goals are for losers" and that in order to succeed you need to develop systems for things and just focus on the system instead of focusing on goals. He argues that with goals you are always trying to live up to the goal and never quite reaching it because you are constantly setting new goals, whereas with a system you can focus on the process and ignore a goal, which eventually becomes a natural byproduct of your system.
2. In my opinion, this book connects with the intangible qualities in this class. I believe that it really connects with the entrepreneurship mindset because Scott talks a lot about intangible qualities and fixes for mental attitudes.
3. If I had to design an exercise for this class after reading this book, I would design an exercise where you have to list a bunch of wants you have and then list decisions and actions you would take to achieve these wants. I would do this because in the book, Scott talks about wishing vs. deciding and how many people talk about wants that they have but never do anything to act on them and take action to achieve these wants.
4. My biggest surprise was learning about Scott's outlook on goals and how he doesn't believe that they are as effective as systems. While I don't think that Scott was saying to discard goals completely, it was still surprising to see someone take such a different approach to handling goals and such. I actually really like his outlook on systems and believe that it is a viable approach to success and could very well work if applied correctly.
2. In my opinion, this book connects with the intangible qualities in this class. I believe that it really connects with the entrepreneurship mindset because Scott talks a lot about intangible qualities and fixes for mental attitudes.
3. If I had to design an exercise for this class after reading this book, I would design an exercise where you have to list a bunch of wants you have and then list decisions and actions you would take to achieve these wants. I would do this because in the book, Scott talks about wishing vs. deciding and how many people talk about wants that they have but never do anything to act on them and take action to achieve these wants.
4. My biggest surprise was learning about Scott's outlook on goals and how he doesn't believe that they are as effective as systems. While I don't think that Scott was saying to discard goals completely, it was still surprising to see someone take such a different approach to handling goals and such. I actually really like his outlook on systems and believe that it is a viable approach to success and could very well work if applied correctly.
Friday, November 1, 2019
Alex Clouser- Growing Your Social Capital Assignment 20
1. The first person I reached out to is named Mike. Mike is a software engineer at Apple. This makes him qualified as a domain expert because he has worked with similar programs to the one that I have proposed for more efficient and private data collecting. I met Mike through his niece who is one of my good friends from back home. Mike did me the favor of listening to my elevator pitch and he liked it and agreed with me that it would be a good business opportunity to design a program that is safer and more efficient than current data collection tools. Including Mike in my network will enhance my ability to exploit an opportunity because he can help me with the design and implementation of my data collection tool and oversee the technical aspects of it.
2. The second person that I reached out to is named Jane. Jane is a sales manager at JCPenney. This qualifies her as an expert on my market because she has years of experience selling to people in the same market that would be the most beneficial segment for me to enter with my product. I met Jane when I was shopping at JCPenney and she was working at the same time. We struck up a conversation and got along well, so I asked her if she would help me out with some school work by reading my idea napkin and giving me some feedback on my ideas, and she did. She liked my idea napkin and said that I provided many strong points in it and that my business seemed like a solid idea. Jane would enhance my ability to exploit an opportunity by being in my network because with her in my network, I have a consultant to approach about my target market and who can show me the inner workings and desires of what exactly retailers and department stores want from the products they buy.
3. The third person that I reached out to is named Sophie. Sophie works at Wal-Mart, the biggest retailer in the world, ordering supplies and shipments for her store. This qualifies her as an important supplier to my industry because she understands what retailers and other stores look at when ordering their supplies and can help me with that aspect of designing my product in order to make it more attractive to retailers and other customers. I met Sophie on LinkedIn and we set up a meeting for her to give me feedback on my idea napkin. She very much liked my idea napkin and even suggested some ideas to help make my product easily supplied to large retailers and other stores. Including Sophie in my network will enhance my ability to exploit an opportunity because she can serve as a resource in helping to make my product more marketable to other supply order managers at other stores, and also by helping to make my business model around my supply process so that I am not over or under producing and do not lose money.
This experience has made me less afraid of other social networking events and has gotten me to become comfortable introducing myself to strangers, something that I was hesitant to do before. This experience did not really differ from other social networking experiences in the past, mostly because I have never really been a part of any other social networking events, but it matched my expectations of what a social networking event is like perfectly.
2. The second person that I reached out to is named Jane. Jane is a sales manager at JCPenney. This qualifies her as an expert on my market because she has years of experience selling to people in the same market that would be the most beneficial segment for me to enter with my product. I met Jane when I was shopping at JCPenney and she was working at the same time. We struck up a conversation and got along well, so I asked her if she would help me out with some school work by reading my idea napkin and giving me some feedback on my ideas, and she did. She liked my idea napkin and said that I provided many strong points in it and that my business seemed like a solid idea. Jane would enhance my ability to exploit an opportunity by being in my network because with her in my network, I have a consultant to approach about my target market and who can show me the inner workings and desires of what exactly retailers and department stores want from the products they buy.
3. The third person that I reached out to is named Sophie. Sophie works at Wal-Mart, the biggest retailer in the world, ordering supplies and shipments for her store. This qualifies her as an important supplier to my industry because she understands what retailers and other stores look at when ordering their supplies and can help me with that aspect of designing my product in order to make it more attractive to retailers and other customers. I met Sophie on LinkedIn and we set up a meeting for her to give me feedback on my idea napkin. She very much liked my idea napkin and even suggested some ideas to help make my product easily supplied to large retailers and other stores. Including Sophie in my network will enhance my ability to exploit an opportunity because she can serve as a resource in helping to make my product more marketable to other supply order managers at other stores, and also by helping to make my business model around my supply process so that I am not over or under producing and do not lose money.
This experience has made me less afraid of other social networking events and has gotten me to become comfortable introducing myself to strangers, something that I was hesitant to do before. This experience did not really differ from other social networking experiences in the past, mostly because I have never really been a part of any other social networking events, but it matched my expectations of what a social networking event is like perfectly.
Alex Clouser- Idea Napkin No. 2 Assignment 19
1. I am Alex Clouser, a second-year Business Administration major. Some skills that I have are my communication skills, my work ethic, and my ability to pick things up quickly. If I were to start it, I see this business becoming a huge part of my life as I always give my all in my endeavors and try my hardest in anything I do.
2. I am offering an alternative and more interactive approach to data collection for companies that want to collect data from consumers but are stifled because of the public stigma surrounding data collection.
3. I am offering it to companies that use data collection methods that regular consumers are wary of. My customers all have the shared desire to collect data from their consumers so as to further their products and tailor them more to consumer demands in future endeavors.
4. It is valuable to my customers because they need consumer data in order to successfully further their business ventures and create effective modifications to existing products or to create effective entirely new products that consumers will want to buy.
5. What sets me apart from everyone else is my goal to help small businesses and corporations alike because I see businesses and corporations as the backbone of our economy and believe that without them we would fail as an economy because of the revenue and jobs that they create for our nation. Many people think of corporations, especially, as being money hungry and greedy and do not see the importance of them to our way of life and their impact on our quality of life in our country.
I believe that these aspects fit together because they show that my head and effort are in the right place with regards to this business. It shows that I believe in my product and the success it can bring, with the right resources. It also shows my willingness to make things happen and to not give up easily at the first sign of hardship. It also shows my desire to create a product that can benefit many people and improve upon our society for the greater good.
I did not make any significant changes to my idea napkin based on my feedback to the last idea napkin because my feedback was so overwhelmingly positive and everyone seemed to like my idea and supported what I was saying in my post.
2. I am offering an alternative and more interactive approach to data collection for companies that want to collect data from consumers but are stifled because of the public stigma surrounding data collection.
3. I am offering it to companies that use data collection methods that regular consumers are wary of. My customers all have the shared desire to collect data from their consumers so as to further their products and tailor them more to consumer demands in future endeavors.
4. It is valuable to my customers because they need consumer data in order to successfully further their business ventures and create effective modifications to existing products or to create effective entirely new products that consumers will want to buy.
5. What sets me apart from everyone else is my goal to help small businesses and corporations alike because I see businesses and corporations as the backbone of our economy and believe that without them we would fail as an economy because of the revenue and jobs that they create for our nation. Many people think of corporations, especially, as being money hungry and greedy and do not see the importance of them to our way of life and their impact on our quality of life in our country.
I believe that these aspects fit together because they show that my head and effort are in the right place with regards to this business. It shows that I believe in my product and the success it can bring, with the right resources. It also shows my willingness to make things happen and to not give up easily at the first sign of hardship. It also shows my desire to create a product that can benefit many people and improve upon our society for the greater good.
I did not make any significant changes to my idea napkin based on my feedback to the last idea napkin because my feedback was so overwhelmingly positive and everyone seemed to like my idea and supported what I was saying in my post.
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