Week 2 Reading Reflection

1. The biggest surprise to me in this reading were the 10 myths of entrepreneurship. Because I have a lack of knowledge on the subject, I was one of the many who thought the majority of these myths were true about entrepreneurs.

2. One thing that confused me slightly was the Financial Analysis Emphasis. Are the three venture stages necessarily always going to happen (start-up, ongoing, and decline)?

3. If I was able to ask two questions to the author this far, I would ask why he chose certain trends as hot trends to watch. Some of these trends include Food and Beverage and Apparel which to me seem like trends that have been around since the dawn of time, as opposed to Tech or Health trends. I would also ask the author if he is an entrepreneur himself.

4. The one thing I think the author was wrong about is that Entrepreneurs are made and not born. I feel that while you can teach someone how to be an entrepreneur, there are distinct traits that one is born with that make them exceptional. You have to be aggressive and willing to take risk, which some people just don’t have the guts to be this way no matter how hard you try to train them.

Bug List: 20 things that bug me

1. Bug: The traffic in Gainesville during rush hour is outrageous. What usually takes me 10 minutes to get from point A to point B can take up to 30 minutes.
Why: The roads aren’t built properly to have this many residents all driving at once.

2. Bug: When someone texts me late at night and my phone is off silent because I use it as an alarm to wake up.
Why: There is no sleep mode where you can keep texts on silent but have your alarm still be loud instead of just vibrating.

3. Bug: People who chew food with their mouth open.
Why: Its rude and obnoxious.

4. Bug: People who lie to make you believe they are somebody that they are not.
Why: Its deceitful, and once you lie I can never trust you again.

5. Bug: People who snore loudly.
Why: It keeps me from getting my beauty sleep!

6.Bug: Body odor.
Why: This ones self explanatory. :)

7. Bug: When toothpaste isn’t squeezed properly from the bottom and the tube gets all twisted up.
Why: it makes it hard to get the toothpaste out and eventually I just throw away a tube that still has toothpaste in it.

8. Bug: Dogs that don’t stop barking.
Why: It gives me a headache and is annoying.

9. Bug: When people are overweight and don’t make an attempt to change it.
Why: Your physical health is extremely important and should be taken seriously.

10. Bug: Borrowed items never getting returned.
Why: All of my friends borrow stuff from me and I never get it back.

11. Bug: Running out of gas.
Why: I know this is the drivers fault, but running out of gas is such a stressful thing.

12. Bug: Taxes
Why: I feel like all my money is gone before I even get my paycheck.

13. Bug: Having to wait at a red light when there are no cars coming.
Why: I’m very impatient and value my time, so sitting there for no reason bothers me.

14. Bug: Delayed Plane departures.
Why: Again, I’m very impatient and I dislike having to wait around because my plane is late.

15. Bug: People not cleaning up after there animals.
Why: Its extremely unpleasant to step in a pile of dog poop.

16. Bug: Co-workers who don’t do there job properly and then you have to make up for it.
Why: It’s unfair! You do more work and get paid the same.

17. Bug: Slow internet
Why: I can’t stand when my computer isn’t running properly and I have important things I need to do.

18. Bug: People who drive slow in the left lane on the highway.
Why: Get over if you’re going to drive under the speed limit!

19. Bug: The fact that all my friends are alcoholics.
Why: It’s ok to go out and drink but getting black out drunk 5 days of the week is overkill.

20. Bug: When people display affection in public.
Why: It’s gross to see a couple making out in public.

Coming up with these 20 bugs is relatively difficult and took some time to think about. Mainly because I’m not a complainer and this whole post is basically one big complaint about things I dislike. Also, I’m not wired to think like that, and try to look at the positives instead of things I dislike. However, I see how the entrepreneurial competency of opportunity identification fits in here. If you can find unmet needs and find a way to meet these needs, you have yourself a good business venture and a way to potentially help people.

Introduction

My name is Keifer McClain and I am from Detroit Michigan, but moved to St. Augustine, Florida in 2008 where I attended high school. I am a third year University of Florida Business Major and a future UF grad student. I have an active real estate license and currently work for Keller Williams in Gainesville Florida. I plan on using my degree from UF to go on an entrepreneurial venture and open my own real estate brokerage firm. Real estate excites me and it’s something I can see myself enjoying for the rest of my life. No one wants to work doing something they don’t enjoy, that’s miserable! As far as traveling, I’ve been all over the united states from New York to California, but the only other country I’ve been to is Canada. I plan on traveling the world though, one country at a time. My favorite place I’ve been so far is Santa Monica California, because the weather is perfect and its right by the beach, which is my favorite place to be. I’m looking forward to this ENT3003 class and the principles I’ll take away from it!

My Entrepreneurship Story

My interest in Entrepreneurship stems from the first time I knowingly met an entrepreneur. My sophomore year in high school I started hanging out with a kid named Austin, and little did I know Austin’s family was very wealthy. One day he invited me over to his house to hang out and when I arrived his house was easily four time the size of any of my other friends. I was amazed and had no idea he had wealthy parents. As i got to know him and his family better I found out that his dad is an entrepreneur and owns his own Telecommunications company, and thats the source of his wealth. The thought of owning your own company, not having a boss, and making more than the average American interested me, but I know its not all about the money. That is why I enrolled in ENT3003, to learn the process of entrepreneurship and better understand the mindset behind it. While I could use entrepreneurship to own a business, I could also use the principles of entrepreneurship to benefit others and give back to my community.