Chad Girnun Principles of Entrepreneurship

My exit strategy is one that I don’t see happening for quite some time. I plan on building this business up for the foreseeable future. This business I don’t believe has the ability to go public, however, I am sure that it can definitely expand past just the UF campus. This exit strategy if I had to assume, would come later down the road. I would continue to run this company and invite top and higher executives if I was able to expand the business. I would bring in more experienced and well-developed professionals to aid me in growing the business, however, I wouldn’t give away too much power as seen with Apple and Steve Jobs. I would then sell the business, most likely to a private equity firm, when I felt that I had expanded it enough and want to go on to other ventures.             The reason that I feel that I would stay on working for the company is because I see that this model could be successful past just the UF campus....

1.   What surprised me most about Elon Musk was his ability to just simply take over any field he wanted. Musk I think has one of the most powerful minds of our generation and is able to do whatever business venture he wants. I was surprised that he actually was able to visualize Tesla becoming a success, more surprised that he had created PayPal, and even more surprised that he was able to create and succeed with Spacex. Not that I didn’t already know a lot of this, but once reading the book, my mind is just blown over the fact of how successful Musk was in very futuristic, foreign, and controversial companies. 2. Musk’s biggest competency is his ability to not shy away from doing work. Musk simply doesn’t care about putting the time in to get the outcome he desires. Another competency of his that allows him to do this is his natural brain power. With his natural brain power, Musk knows that all he needs to do is put in the hard work and he will be able to succeed. I think th...

1.   A time that I repeatedly failed in this class was when I would ask to interview potential customers or potential non-customers. I would walk around Turlington and target students that were walking at a leisurely pace, hinting at the fact that they aren’t rushing off to class. It wasn’t my target in approaching students that I constantly failed at, it was my approach in asking to interview that. I would constantly say excuse me do you have time…. And ask them if they were able to answer questions regarding a cleaning service. After all the interviews, and all the interviews that rejected me, I realized that instead of saying excuse me, the more direct approach of saying “would you be interested in…” was more successful. Asking them my first questions gave them time to answer me. If ever a student had to rush off, I would just walk with them to their class, as long as they allowed it. It took constant rejection in asking people if they had time for me to realize that it was way...