Answer 2

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1.  What is your EQ?

How best can an entrepreneur turn his startup into a viable company?2.  What is your first answer? (In complete thesis statement format)

An entrepreneur can best turn his startup into a viable company by following and implementing the customer development process.3.  What is your second answer? (In complete thesis statement format)

An entrepreneur can best turn his start up into a viable company my following and implementing the business model canvas.4.  List three reasons your answer is true with a real-world application for each.

-Large successful companies use the business model canvas. 

      -Google, Netflix and Lego are a few examples of those who use the business model canvas.

-The business model canvas covers ever aspect a startup needs to consider.

For example the bmc allows you to analyze and figure out who your target audience for your product or service.

-It is okay to mess up when creating  a business model canvas.

- Google has a 3in stack of business model canvases that they contemplate because they know all those wrong hypothesis lead to the right one they use today. 

5.  What printed source best supports your answer?

The business model generation book best supports my answer because it analyzes every section that is in the business model canvas.6.  What other source supports your answer?

I took an entrepreneurahip class where we spent the vast majority of class analysing the business model canvas.

7.  Tie this together with a  concluding thought.

After a few months of research I found out that proper planning is one of the most if not the most important thing to do when launching a start up.  

 

On Friday, 2/20 for Advisory #2, you will be presenting what you have from this blog.  The presentation is more like a share-out and should not last longer than 2 minutes. You don't need a visual, and you should not read what you have written.  

Independent Component 2 Approval

1.  Describe in detail what you plan to do for your 30 hours.

For my 30 hours I will be launching my Startup. There are many products and services I can choose from, therefore, I will be launching an eCommerce website. 

2.  Discuss how or what you will do to meet the expectation of showing 30 hours of evidence.

I will have proof all of the work that will be done. I will prove my work by showing and describing every step of the way. Most importantly I will show all of my progress when the component is due.

3.  Explain how this component will help you explore your topic in more depth.

I will learn first hand if my assumptions of how to launch a Startup are true or false. I will also experience first hand all of the things an Entrepreneur lives when launching an Startup.

4.  Post a log in your Senior Project Hours link and label it "Independent Component 2" log.
Done.

Independent Component 1

• LITERAL
  (a) Write: “I, _________Ronny_Rodriguez______________, affirm that I completed my independent component which represents 34hours and 40min my of work.”
  (b) Cite your source regarding who or what article or book helped you complete the independent component.
• Trayan Kushev, Ph.D.
   Professor of Entrepreneurship
  Management & Human Resources Department
  College of Business Administration
  California State Polytechnic University, Pomona
  Office: 164-3057 | Phone: 909-869-5328 | Email: tnkushev@csupomona.edu
  
  
• (c) Update your hours in your Senior Project Hours link. Make sure it is clearly labeled with hours for individual sessions as well as total hours.
• Done
• (d) Explain what you completed.    
•  For my individual component I took an Entrepreneurship course at CSU Pomona.
• INTERPRETIVE 
  Defend your work and explain its significance to your project and how it demonstrates 30 hours of work.   Provide evidence (photos, transcript, art work, videos, etc) of the 30 hours of work.  
• Every week, twice a week for an 1 hour and 50min I learned about how Entrepreneurs should embark a new business.  This college course truly showed me key points I implemented and continue to implement on my senior project.  
• For this course, the required textbook was Business Model Generation.
 


• The Course was held in CSU Pomona business building. 

•  I want to keep my transcript private, but if you want to see it, I will gladly show it to you in person. 
  
• APPLIED
  How did the component help you understand the foundation of your topic better?  Please include specific examples to illustrate this. 
• This component gave me a new paradigm of how a Startup should be launched.  I must say, this component greatly impacted the foundation of my topic. 
• Before this component I had no idea what the business model canvas was, and thought that the starting point in a start up was the business plan.Now I know that my assumptions were wrong and learned that business is initiated differently. 
• I was able to learn and analyze every single section of the business model canvas. 
• The business model canvas is derived from 9 essential sections.
• This component helped me network and get to other sources that are extremely valuable.
• I was introduced other sources that make up a mammoth part of my foundation.
• The book "Owners Startup Manual" is the book that showed me the customer development process.
• The book "Lean Startup" showed me  examples of successful companies who follow the Business Model Canvas.

Extra Post

January was quite the ride. I was under lots of stress and pressure because of inconveniences that crossed my road. On the positive side, I was able to prepare myself for lesson 2 and had fun doing it. I am thankful that we get the opportunity to do presentations because it prepares us for the future. I feel that ,by doing presentations, we get a head start from the rest of our generation.
 

 At my mentorship, I was given the opportunity to undertake a project by myself. I had to inspect and come up with new ideas to improve the product. I am currently working on looking for other products in the market similar to the one I am working on, and find the way to make my product better. This is nerve racking and exciting because I am experiencing what it feels like to be a true entrepreneur. 

Lesson 2 Reflection

1.What are you most proud of in your Lesson 2 Presentation and why?

I am proud of how I was able to incorporate everything I had to say in a organized manner. I am also proud of how I was able to say present everything I had planned in the proper time span.

2. a.     What assessment would you give yourself on your Lesson 2 Presentation (self-assessment)?

       AE       P          AP       CR       NC

     b.     Explain why you deserve that grade using evidence from the Lesson 2 component contract.
I believe I deserve this grade because I had proper enunciation, volume. and body language. I feet I used time effectively and justified my answer well.  Most importantly, I worked on what Mrs.Ortega told me to work on from lesson 1 presentation.
3. What worked for you in your Lesson 2?
What most worked for me what the way the presentation was organized. I feel that it help the audience understand my answer better, and helped me get my point across.  

4. What didn't work? If you had a time machine, what would you have done differently to improve your Lesson 2?

Maybe I would of slowed down a bit and engaged the audience a bit more by interacting with them.

5. What do you think your answer #2 is going to be?
An entrepreneur can best turn his start up in to a viable company by using the business model canvas system. 

Blog 12: Mentorship 10 hours check

1.   Where are you doing your mentorship?
I am doing my mentorship at Kittrich Corporation.

2.   Who is your contact?
My mentor is Robert Friedland.

3.   How many total hours have you done (total hours should be reflected in your mentorship log located on the right hand side of your blog like your WB)?
I have done 35 hours of mentorship.

4.   Summarize the 10 hours of service you did.
Kittrich Corporation is a very successful company that dominates many product lines in the market. My mentor has assigned me to work with some of his top officers who are responsible for the success of the company. I have worked with different departments, but mostly with the product development department. Monica Decker, is the one in charge of the product development department. Everything thing, before it hits the market, has to go through her. I work with her making new products and sourcing new product lines that may be acquired.  I have had the opportunity to make crucial decisions, that if not taken correctly,  it may have caused the company lots of money.

Blog 11: Holiday Project Update

1.  It is important to consistently work on your senior project, whether it is break or we are in school.  What did you do over the break with your senior project?
I, to start off, went to my mentorship and continued to work with his company. I also read many articles on entrepreneurship.com and read sections of the different entrepreneurship books I have. I also saw the show shark tanks which is a show of different entrepreneurs who go pitch their business to multibillionaire angel capitalist in search for help and potential funding. I went to different businesses and observed how there daily routines come about. 
2.  What was the most important thing you learned from what you did, and why?  What was the source of what you learned?
I believe that everything is important because it is all part of the learning process. If it expands my knowledge and teaches me something I was not aware of, then it is important. But for the question, the most important thing was my mentorship because being able to get insight of how products are taken into the market is something many people do not have the opportunity to learn; it is also important because when I have my company I will know exactly how to contact the top retail stores.  The source of what I learned was Kittrich Corporation. 

3.  If you were going to do a 10 question interview on questions related to answers for your EQ, who would you talk to and why?

I would talk to, other that my mentor, owners or entrepreneurs of top world class companies. I would talk to them because they obviously know how to best turn a start up into a viable company.