ENT3003 Spring 2020

  Part 1 Venture Concept #2 Opportunity: Parker Claims Management is an opportunity to serve business and consumer clients who have been affected by any type of natural disaster resulting in damage to their personal property.  The client’s needs are recognized once they begin to work through the process of any type of insurance claim.  There are so many different types of natural disasters: fire, flood, wind, tornado, and hurricane.  Natural disasters are not geographically discriminatory, they happen everywhere and to anyone.  The fact that they occur everywhere allows a vast number clients across a vast geography to be served.  This is considered a HUGE opportunity.  Natural Disasters will never cease to happen so the need for our services will be constant, people will always need help when they are affected. Innovation: Parker Claims Management is a firm that helps business and consumer clients na...

Andrew Carnagie by David Nasaw 1) You read about an entrepreneur: ·          What surprised you the most? That the founder of the large steel company came from such a poor family ·          What about the entrepreneur did you most admire?   He came to America to allow himself to try and achieve the American dream and accomplished it! ·          What about the entrepreneur did you  least  admire?   He started to co-mingle his personal beliefs with politics. ·          Did the entrepreneur encounter adversity and failure? Andrew Carnagie definitely had both adversity and failure during his life.   Each time he was faced with a challenge he pushed forward to try and find the solution. 2) What competencies did you notice that the entrepreneur exhibited? Strength, Persuasion, Tenacity 3...

My Exit Strategy 1) My exit strategy would be not to exit!   My intent with Parker Claims Management is to stay with the business to make it profitable and sustainable to allow the venture to become the family business to be passed to my children. 2) The reason that I selected the strategy of not exiting is because I believe the firm could be an incredible opportunity for my children to have.   They would receive something valuable they could continue to grow or they could sell their inheritance if it was more suited for them. 3) My thought process during the startup of this entire venture has been persuaded by the fact that I planned on keeping the business for my children to one day inherit.   There wouldn’t be some big investor waiting to buy me out once the venture was off the ground so I needed to make sure everything was in place to allow the firm to have continued success and longevity

My Soul…… ·          During this semester of ENT3003 I failed to do my 3 rd elevator pitch because I simply didn’t want to do it.   I felt like already doing it 2 times was enough and didn’t want to make any additional changes so I just decided not to do it and lose the 3 points for that assignment. ·          I learned that I have to persevere and make myself complete the assignment even though I may not want to at that moment. ·          Failure is one of the hardest things to face at any age.   No one likes to fail!   For the folks that are competitive beyond the normal realm it can be even harder to deal with.   It affects people emotionally and sometimes causes their behavior to appear as an overreaction.   This class has really brought to may attention how many ways in the world on entrepreneurship there are to fail.   Wit...

Existing Market.  Step 1: Talk about what you think is what's next in terms of products and services for your venture: Parker Claims Management is at expanding our team to allow us to offer expanded services to our clients. Step 2: Interview three customers who are already part of the market you have identified, and ask them what they believe is next for a venture like yours. Describe to them your business, and simply ask "What should we be doing that we aren't planning to do?" Next, ask them about  your  ideas of what customers might want next: We are not required to complete the interview due to COVID-19 social distancing, however I believe that if I were conducting interviews they would say that the next thing for my venture is team and geographical expansion. Step 3: Based on your own expectations and the feedback you received from customers, set a path for the future. In two to three paragraphs, describe what makes the most sense for your venture in t...

Venture Concept #1 Opportunity: Parker Claims Management is an opportunity to serve clients who have been affected by any type of natural disaster resulting in damage to their personal property.   The client’s needs are recognized once they begin to work through the process of any type of insurance claim.   There are so many different types of natural disasters: fire, flood, wind, tornado, and hurricane.   Natural disasters are not geographically discriminatory, they happen everywhere and to anyone.   The fact that they occur everywhere allows a vast number clients across a vast geography to be served.   This is considered a HUGE opportunity.   Natural Disasters will never cease to happen so the need for our services will be constant, people will always need help when they are affected. Innovation: Parker Claims Management is a firm that helps clients navigate their insurance claims process to maximize their claim monies received. ...