27A-Reading Reflection No.3

26A-Celebrating Failure

24A – Venture Concept No. 1

23A – Your Venture’s Unfair Advantage

1 language Chinese, English
Valuable: Ability to expand business without having to misunderstand the meaning of the message
Rare: Chinese technology is very advanced and will be a great opportunity to talk with native language leaders without interrupting interpreters
Unique: Chinese is becoming more and more popular
Irreplaceable: interpreter
2 Open-minded
Valuable: Other comments and suggestions are welcome to improve the business
Rarity: Self will make me inaudible
Unparalleled: many people have this ability
Irreplaceable: I think it can be learned and practiced
3 lasting
Valuable: never give up improvement
Rare: Some people want to be comfortable, but I seek to improve
Unique: Some people lose their motivation, but I think this is a journey
Irreplaceable: Hire business-savvy people
4 Relationship
Valuable: I hope to establish relationships and cooperate with others
Rarity: Many people focus only on results, not on building relationships
Unique: need to understand the external factors of life serving curveball
Irreplaceable: Hiring public relations personnel to deal with this
5 interest groups
Valuable: Have a potential customer base
Rarity: the number of groups can be almost everyone
Unique: must have a product that can provide convenience or solution for many people
Irreplaceable: different customer groups
6 Speeding stance
Valuable: I study all possible ways to learn to do something, and try to see where the gray areas are, and see what I can do to make it something I might create
Rarity: Some only do a minimum of work, but do business without research
Unique: I think many people can do this, but spend a lot of time dedicated to research and learn everything
Irreplaceable: business partners who do everything
7 creativity
Valuable: able to perform some simple actions, ready to use
Rarity: Some unexpected other interesting ways
Unique: Many people can do this, but only some success
Irreplaceable: Hire creative team or conduct polls on social media
8 Vystar
Valuable: the bank where I deposit money
Rare: only in specific locations
Unbeatable: other banks are nearby, but the offer is different
Irreplaceable: cooperate with another bank with the same purpose
9 step organization
Valuable: Ability to concentrate and classify and explain everything
Rarity: Some are not centralized, organized or unable to sort everything
Unique: everything must be included in "know"
Irreplaceable: Hiring people with organizational skills
10 Action Vision
Valuable: able to visualize and make feasible plans
Rarity: Some ideas are great, but they are not possible
Unique: involves a lot of energy and thinking
Irreplaceable: the person hiring this drive

22A – Elevator Pitch No. 3

https://youtu.be/AbUrXychLcs

What is important to me is that my idea was not commonly accepted by everyone. I thought the idea of taking care of someone else's pet when they are away is a good idea. In fact, there are such product in the market could realize the same effect.

I used my body language more which caught the attention of the audience. At the same time, I felt more comfortable in front of the camera.

21A – Reading Reflection No. 2

The long-tail theory is a new theory emerging in the Internet age. Due to factors of cost and efficiency, when the venues and channels for merchandise storage, circulation, and display are wide enough, the cost of product production has dropped dramatically so that individuals can produce it, and the cost of goods sold When the price drops sharply, almost any product that used to seem to have extremely low demand will be bought as long as it is sold.
In the Internet era, because the cost of attention is greatly reduced, people may pay attention to the "tail" of the normal distribution curve at a very low cost, and the overall benefit of the "tail" may even exceed the "head". For example, a famous website is the world's largest online advertiser. It does not have a large customer, and its revenue comes entirely from small and medium-sized enterprises that are ignored by other advertisers. Anderson believes that the Internet era is an era that pays attention to the "long tail" and exerts the benefits of the "long tail".
Long-tail theory is related to our study very closely.  Nowadays, In this fertile digital economy era, personalized service is the logic of Internet business survival.
I would practice myself to think of some new idea that would be adapted by minorities.
What surprised me is that I always thought that the "long-tail theory", as the name suggests, is to bring together the profits of a small number of niche markets, which is a variant of economies of scale. Although this understanding is not wrong, it is too simple and crude.

19A – Idea Napkin No. 2

1) You. Who you are. What your talents are. What your skills and experiences are. Also: what are your aspirations? Specifically regarding your business concept, how do you see this business (if you were to start it) playing a role in your life?
I am Hanson and I am a college student. My talent is to make people who communicate with me feel comfortable

2) What are you offering to customers? Describe the product or service (in other words, how you'll solve customers' unmet needs).
I provide users with safe and harmless e-cigarettes. The product meets the user's health needs while reducing the risk of users breaking the law.

3) Who are you offering it to? Describe, in as much detail as possible, the demographic and psychographic characteristics of your customers. Think especially of this question: what do your customers all have in common?
I offer this service to anyone in the United States who wants to try an e-cigarette. For people who have not been exposed to e-cigarettes, 0 nicotine e-cigarettes are the healthiest attempt. For people who are used to smoking, 0 nicotine e-cigarettes can help them quit.

4) Why do they care? Your solution is only valuable insofar as customers believe its valuable to them. Here, explain why customers will actually pay you money to use your product or service.
Because my product guarantees taste on the basis of health. My consumers value health more than anything else.

5) What are your core competencies? What sets you apart from everyone else? Also: what do you have that nobody else has?
Healthy and good tastes. My product is very close to other similar products. All we can offer is a richer taste and a healthier formula.