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Showing posts from May, 2020

Testing the Hypothesis, Part 1

Parts 1+2: Opportunity : Restaurants in the United States are overstocked with food items purchased wholesale that are good to use, but will not be used due to the shortage of customers caused by COVID-19.    Who: Restaurants in the U.S.    What: Overstocked with food items purchased wholesale that are good to use, but will not be used.    Why: The shortage of customers caused by COVID-19. Part 3: Hypothesis:  Regular Americans are in need of food. In many supermarkets across the country, there have been shortages such as the meat shortage caused by a decreasing workforce in the meat industry. In the meantime, restaurants have ordered wholesale food products that they could not feasibly use with the downturn of restaurant-goers. These two needs are mutually beneficial as consumers are looking for alternative sources for their groceries and restaurants are stocked with inventory they are looking to let go or sell.       Testing the...

Identifying Opportunities in Economic & Regulatory Trends

Economic Opportunity #1:  Inventory and food items left over in restaurants due to customer shortages caused by Coronavirus. a. I found this opportunity myself; our family owns a restaurant and we are facing that exact problem. Food is purchased wholesale with a specific amount of customers estimated, which we lost due to Coronavirus. b. The unmet need exists based on this information since other restaurants are facing the exact same trend that we are. c. The customer with this need are restaurants that have unexpired yet overstocked inventory and food items that are not going to be used. d. I think this opportunity can be exploited easily. In the worst case scenario, the food can be donated. However, as some local restaurants here have done, the food that was purchased wholesale (ex: chicken breast) can be resold individually market-style in order for restaurants to make some of their money back.      3. I "saw" this opportunity mainly because of my active back...

Identifying Local Opportunities

Opportunity #1: "Wettest May on record causes more flood-prone business headaches in Doral" https://www.local10.com/news/local/2020/05/28/wettest-may-on-record-causes-more-flood-prone-businesses-headaches-in-doral/      In Doral, FL, there has been record rain fall throughout this month of May. Because of this, drainage systems have not been able to keep up, and streets have been flooded. This has directly impacted businesses in the area, who have already lost customers to COVID-19 and are now losing customers to flooding.      The problem in this story is the record rainfall that has flooded the city of Doral and caused floods that are disrupting business.      The people who have this problem are businesses in Doral, FL that are facing floods. Opportunity #2 : "Last-minute city order shuts down Miami bars that serve food" https://www.local10.com/news/local/2020/05/29/last-minute-city-order-shuts-down-miami-dade-bars-that-serve-food/ ...

My Entrepreneurship Story

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Attached is a family picture of me, my brother, my cousins, and my grandmother. My grandma is and has been the best entrepreneur I've ever met. In the mid 1900's, she moved from Greece to Brazil with my grandfather to start a new life. They arrived very poor and with little to no resources. Since then, they've built one of the largest bus companies in the southern part of Brazil, and supply bus services to the city of Porto Alegre, Brazil. They are always expanding and looking to get bigger. It all began with my grandparents and a dream, and my grandma is living testament to the entrepreneurial spirit. I enrolled in ENT 3003 to get a new outlook and perspective on business. Nowadays we are drilled in school to be the best employee possible, learning how to shake hands and make good resumes. Teaching students to think about making their own path is rare, and I am looking forward to learning about that and more in ENT3003.

Forming an Opportunity Belief

My Beginning Point:      I believe an opportunity exists when it comes to the slow service at Publix when ordering "pub-subs," their famous line of sandwiches. Their slow service is a frequent point of discussion among those who chose Publix's competitors, and even regulars at Publix often complain about the wait times. Describing My Belief :      The unmet need is faster service when ordering pub-subs. There are many people who have that need; specifically, it is deli customers who want a pub sub that most have that need. While the need for faster service has always existed universally, it has recently become more apparent as the popularity of pub-subs has skyrocketed. Currently, in order to meet this need, customers are coming in earlier to order, or ordering ahead and picking up their food when it is ready. I am 90% sure an opportunity exists here. Identify the Prototypical Customer :      Upon repeating this step three times, I fou...

My Bug List

Here are twenty bugs that bother me, and why I believe they exist: 1. I sometimes wake up with excruciating neck pain that doesn't subside for two days.      a. This happens because when I came back from College (due to COVID-19), I left my favorite pillow back at my dorm, and ever since I have been sleeping uncomfortably. 2. When I do work for my parents at our family stores, it is often unclear what they require from me when I start my day.      a. This is due to the fact that my parents and I have not created an organizational system to determine when and where I am needed and what my objectives at work should be. 3. I love my dog to death, but I am extremely allergic to him :(      a. This bug is simply caused by science and bad luck. I am aware of certain treatments but I am usually away at College long enough to where they are not worth it. 4. The wait time to get a Pub-Sub at my local Publix is always at least twenty minute...

Test Post

This is a test post in order to confirm my Blogger is working!