Today we went over chapters 11 and 12. We watched two parts of Shark Tank. Our group also worked on our entrepreneurial experience for Five Guys Who Drive. I also did research on how to gain money on startup business in Sioux City.
On Shark Tank we saw a pair of men trying to sell a cooler with LED lights in them. They had a great idea for a new product but the market is owned by three major companies so it may have been tough to join the group. They reached a deal with Kevin. The other presenter owned a meat business, he didn't fair as well. He didn't have a clear cut business plan on how he wanted to operate so he didn't reach a deal with any of the sharks.
Our entrepreneurial group created an email to be sent to employees and students. We also looked at our Twitter page and have around 35 followers. We are hoping this will get our name out there and people will contact us for times on Friday.
For my individual project I looked up businesses in Sioux City. Their were several agents around the downtown area and their are several banks willing to help out as well. This information will definitely go into my business plan portfolio.
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