Assignment 23

Advantages of my Venture

1. Knowledge of running a business- I have knowledge of what it takes to run a business through a family friends business. He allowed me insight to his business and everything that goes on behind the scenes. 
2. Experience running a family owned business- I have also been put in charge of running the business for periods of time, allowing me to work on skills of what its like to run a business. Such as working with customers and coming up with fixes when a situation goes wrong. Has made me "quick on my feet" to alleviate a situation.   
3. University of Florida student- this allows me insight to what other students or staff are wanting in regards to services provided on campus.   
4. Innovation Academy student- this has given me many opportunities to create and become an entrepreneur. It has allowed me to create broad concepts, showing me what can work ad what does not. 
5. Competitive prices- By partnering with local businesses we can cut the prices for students and staff while promoting local vendors.
6. Shorter wait time- Competitors on campus have long lines and with the busy schedule of a student or staff member, providing a short wait time will draw in more customers. We will also set up multiple locations on campus to even further lower the wait time. 
7. Healthier and wider variety of options- Competitors on campus provide "fast" food leaving many students who rely on meals on campus to be eating unhealthy options or the same meal repetitively.  
8. Connections- knowing certain people who work with local businesses and farms gives me access to showing them my concept. 
9. Experience with my own entrepreneurship ideas- I have often come up with entrepreneurship ideas on my own and started to create an actual business. Whether that be through social media or sites such as etsy, I have experience with running little side projects and I could see where things good right and where they go wrong. 
10. Similar demographic to those who will shop at my market- this allows me more insight to what this demographic wants/ needs. 

        Having knowledge and experience of running a business is probably my most important resource. These resources have allowed me become a more success business person and honed my skills to working and alleviating situations with customers. I have also seen behind the scenes of what it is like to run a business and shown that not everything goes right so to have multiple back ups to your back ups.