Week 5 Reading Reflection

The biggest surprise for me in the reading was that you don’t actually have to have a working product in order to get a patent. Just the concept alone, with the right detail, can be enough to secure a patent. One part of the reading that was confusing to me were some of the fine distinctions between certain forms of businesses, particularly LLCs and LLPs. I would first ask the author what type of failure is the most common because if I ever start up a company, it would be the first thing that I would try to avoid doing.  The second question I would ask is if hiring an outside advisor would help a start up. For the first time, in this week's material, I don't think that the author was wrong about anything. 

Interviewing Customers No. 2

I think that my opportunity is still a great idea and that students would really enjoy a breakfast place in midtown. I think that nearly anyone is a good candidate for this interview process, because it's supposed to be a restaurant for anyone around Gainesville.. everyone needs food! I made my interview questions more specific to the types of food and drink and the health of the product so that I can create a good menu. I learned that people like both unhealthy and healthy breakfast foods, so the restaurant will need to have options for both. I also learned that if we are going to be successful, it needs to be really affordable food. If I could give any tips, they would be to 1) not act awkward, because the person you're interviewing feeds off of your energy, 2) ask simple questions that are easy to answer, and 3) to have fun with it!

https://youtu.be/pZ0icn_VLwg
https://youtu.be/C5aKHTmo-vI
https://youtu.be/sN-QVW80-nI
https://youtu.be/tRY4GSLZDIU
https://youtu.be/FC0GCSOalB8

Elevator Pitch No.1

Restaurant: Laura's

Good afternoon and thank you for taking the time to listen to my business opportunity this evening. My name is Laura Siciliano and I am the founder of Laura's, a new breakfast place in Gainesville, Florida. Gainesville is a college town with a lot of hungry students. Unfortunately, there is a severe lack of breakfast places close to campus, so students are forced to fend for themselves or drive far away. That is where I come in. I am going to be opening a new breakfast place where students can enjoy traditional breakfast and brunch food in a friendly environment. I hope that you see the same opportunity in this restaurant as I do and will join me in this opportunity. 

https://youtu.be/-lIoGKXT8cY