Luke's Blog

Whats Next? - 25A Existing Market What's next entails the following: The firearm industry is moving into more adaptable building of firearms as opposed to buying an assembled gun from the store. Customer #1: Q: What do you think the next step is for my business? A: The next step might involve getting a feel for what additional parts consumers want on their firearms, such as sights, stock grips, or larger magazines. Q: What should we focus on as a business? A: You should focus on getting all your regulatory bases covered with the government. I know people who haven't done that and they learn a hard lesson. Customer #2: Q: What do you think the next step is for my business? A: Your next step should be attaining legal permits to buy wholesale items from larger companies Q: What should we focus on as a business? A: You should focus on keeping your overhead at the lowest possible point with shipping loopholes, promos, etc.. Customer #3 Q: What do you think...

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Your Venture's Unfair Advantage - 23A Venture's Resources: 1) Manufacturing techniques 2) Lower competition in Gainesville 3) Extensive assembly knowledge 4) Quality Control experience 5) Loophole's for cheaper parts 6) Attached gun range to store 7) Milling of billet lowers 8) Attachment and add-on options 9) Superior customer service 10) Like-mindedness with customers VRIN Analysis 1) Manufacturing techniques Valuable - Yes Rare - Competitor's could access the same tech Imitability - Yes, but maybe not at the same quality Non-substitutable - It is entirely substitutable, but at maybe at less quality 2) Lower competition in Gainesville Valuable - Yes Rare - Smaller market, so yes. But not as many customer's as a larger market Imitability - Yes, because of the decreased competition Non-substitutable - N/A 3) Extensive assembly knowledge Valuable - Yes Rare - Gun aficionados would have the same knowledge Imitability - Y...

Reading Reflection #2 - 21A The premise of this book is the chronological progression of Muhamed Yunus, the inventor of micro finance, from poor Bangladeshi to Nobel Peace Prize recipient. This man, though born in extreme poverty and possessing no foreseeable advantage, worked tirelessly through school to get into Dhaka University and then managing to obtain the Fulbright scholarship to attend Vanderbilt University here in the states. He got his PhD from that school and went on to become the head of economics at a university in Bangladesh.  This book taught me that no matter your social standing or your current wealth, any investment can be made on your future if you put your proverbial back into the work. With grit and determination and instruction from this class, you can come up with an idea that is sound and can be carried out to success.  The exercise I would design is to enhance your horizons to include international business. Most students would only be conc...

Growing Your Social Capital - 20A For this post, I am branching out from the firearm business and moving into the sale of financial currency exchange. This domain primarily deals with financial analysts and sales managers of said software.  1) The domain expert is a contact of mine in Orlando. He currently works for a company that specializes in currency exchange software that targets large companies nationally. He is a sales manager and a VP of sales who conducts B2B dealings. I met this person through friends of friends and have forged a friendship as a result. He has given me a lot of advice on career tracks to take to get into his domain, including what types of extracurricular activities to be involved in as well as internships to pursue. This person provides me with an opportunity to possibly get into said company and engage in the same work.  Regardless of whether it pans out in the future, I have learned a valuable lesson. It is who you know, not what you know....