Where Do Ideas Come from?
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Where Do Ideas Come From?
Consultant Case 1
Meredith Bredeweg
BBA 425 Small Business Finance and Financial Analysis
Professor Chris Hansen
January 25, 2016
Where Do Ideas Come From?
Consultant Case 1
Explain how these entrepreneurs exhibit the entrepreneurial spirit?
As mentioned by Scarborough, researchers have identified several characteristics that are often found in entrepreneurs. A prime example of one of these characteristics is the future orientation, which seems to be perfectly describe Derek Johnson who listened to his friend at the University of Houston who was often tasked with having to send text messages to a large number of people, which is time consuming and problematic. After hearing the problem, Derek came up with the idea of his company which allowed a person to type the text from a computer, rather than a phone, and send the message to multiple people via text messaging rather than email or social media.
Susan Gregg got her love of vintage clothing from her grandmother’s old clothes. After thinking she would just sell her stock pile of clothing, she became aware of the opportunity to make a career of it. Her spirit, enthusiasm, excitement, initiative, commitment, will to succeed and dedication to the venture are examples of the entrepreneur spirit. These are each characteristics of value of achievement over money which is another trait identified in the aforementioned studies.
Have you encountered a “stress point” recently or talked with someone who has? If so, is their potential business opportunity present? How would you describe the opportunity?
Yes, I have recently developed an irritation to the glare caused by lighting such as oncoming headlights and street lights when driving at night. Unfortunately that business opportunity has been fully grasped by many others. I did however; note that they have not yet made progressive lenses that could go from regular to sunglasses to polarized night time glasses. To follow...
Consultant Case 1
Meredith Bredeweg
BBA 425 Small Business Finance and Financial Analysis
Professor Chris Hansen
January 25, 2016
Where Do Ideas Come From?
Consultant Case 1
Explain how these entrepreneurs exhibit the entrepreneurial spirit?
As mentioned by Scarborough, researchers have identified several characteristics that are often found in entrepreneurs. A prime example of one of these characteristics is the future orientation, which seems to be perfectly describe Derek Johnson who listened to his friend at the University of Houston who was often tasked with having to send text messages to a large number of people, which is time consuming and problematic. After hearing the problem, Derek came up with the idea of his company which allowed a person to type the text from a computer, rather than a phone, and send the message to multiple people via text messaging rather than email or social media.
Susan Gregg got her love of vintage clothing from her grandmother’s old clothes. After thinking she would just sell her stock pile of clothing, she became aware of the opportunity to make a career of it. Her spirit, enthusiasm, excitement, initiative, commitment, will to succeed and dedication to the venture are examples of the entrepreneur spirit. These are each characteristics of value of achievement over money which is another trait identified in the aforementioned studies.
Have you encountered a “stress point” recently or talked with someone who has? If so, is their potential business opportunity present? How would you describe the opportunity?
Yes, I have recently developed an irritation to the glare caused by lighting such as oncoming headlights and street lights when driving at night. Unfortunately that business opportunity has been fully grasped by many others. I did however; note that they have not yet made progressive lenses that could go from regular to sunglasses to polarized night time glasses. To follow...