Monday, February 4, 2013
Turning a Vision into Reality
As we have discussed in more than one class period everyone has ideas, that's the easy part. But turning something into reality can prove to be a intense grueling process. Each time I leave class I always leave with more questions than answers (not sure if that's a good thing). But as our readings and very own Professor Tim Zak has touched upon, failure often times the best teacher. A common trait that most entrepreneurs share is that of being fearless. Things won't always work out the first, second, or even third time. We must be constantly be find tuning our project at all moments.
Which leads me to our class project. When speaking with my partner (Pedro) my thoughts are going a thousand miles a minute. I think of the possibility a project like this can have not only in Mexico but also in Latin America. Yet, I think about the challenges that may confront such a project such as receiving funding from investor, the viability of the project and the most important thing how can we keep the dream a reality.
Moving forward I want to focus on business model and strategy. Additionally, the elevator pitch feedback we hopefully receive from Professor Zak and our classmates will be invaluable. Since we are providing a service to individuals with very little resources, the toughest part of our project will be convincing potential investors that our social venture will be profitable.
Since all of us our currently working on social ventures that we hope blossom into reality one day, what strategies, readings, or past experiences (wether your own or not) have helped to shape your elevator pitch and business plans?
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