Tuesday, February 4, 2014

Graham Evans

Graham Evans was one of my favorite guest speakers we've had all quarter long. He had a great insight fortified with experience and knowledge that we had the opportunity to partake in. He really knew how to work with the class and get the class involved to where everyone gave in their two cents (not to mention anymore in a british accent is always quite entertaining regardless of what they say). He gave us insight as to what entrepreneurship entailed and all the little intricate details that came along with having an idea.

He was had a unique way of getting the class involved. He asked us all to introduce ourselves and give one random unique fact about ourselves just to get the conversation started. once we were all acquainted with each other, our next task was to raise our hands and provide one of our business ideas. As directed we each raised our hands and as a class we voted on the best ideas where we all received two votes to each idea. Lucky enough, My idea happened to be the most liked by the class. The idea of electronic recycling has always fascinated me and i thought it'd be a good business plan to build around. So Mr. Evans proceeded to take this idea and shred it to tiny intricate details.

We were introduced to The Business Model Canvas. This model included several key attributes such as Key Partners, Key Activities, Key Resources, Value Propositions, Customer Relationships, Channels, Customer Segments, Cost Structure, and Revenue Streams. We were spilt in to groups of three and each group was assigned a category in this business model. As a class we managed to answer most of the questions but Mr. Evans pointed out a few things we could consider. Overall, I gained an insurmountable amount of information from Mr. Evans. He took a simple idea and and broken down into many small pieces that in 1 million years I would never have considered. I now have this tool at my disposal called the business model canvas that I can take parts of it and use it in my business plan.

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