please respond to the two peers listed below to the following question

Introduce Yourself and Set Your Direction in the Course

During this course, you will create a Business Plan for a new venture. You will be choosing one of three options, as described below:

Intrapreneur: You will work to create a new profit center for an existing company.

Entrepreneur: You have an idea for a new product or service and want to launch your own company.

Nonprofit: You have identified a need in the community and want to start a 501c3 nonprofit to address that need.

Use the prompts below to introduce yourself to your classmates:

• Briefly introduce yourself to the class.
• Identify the type of idea you would like to focus on in this class: Intrapreneur, Entrepreneur, or Nonprofit.
• After watching the Tio video for this week, what resonated the most with you? Why
• 1. James Ifediata COLLAPSE
  

  Hello Dr Brenda and greetings class,My name is James Ifediata. I am a father to my cute one-year-old boy, a husband to my lovely wife, a brother to my siblings and a son to my parents. I relocated to Canada in 2018 with my wife, my baby was born in 2020, and we have called Canada home since the day we touched down. Read more about me on my linkedin profile www.linkedin.com/in/ifediata-james and please connect with me also.I am an Area Manager with Amazon logistics, and my background is in project management, supply chain, logistics, warehousing and distribution with over eleven years of experience. Outside of work, my main passion is to see as many people enjoy their work by getting employed with their dream company and in their dream roles. I do this through active career coaching, mentorship and counselling. I have done this in the last two years as a means to helping people around me. I also love to read fiction and non-fiction novels, and when I want to unwind, I watch documentaries.I am both an Entrepreneur and an Intrapreneur (I believe I am anyway ??). I know Gary Vaynerchuk’s video says that entrepreneurs are born with innate ability. Still, my experience in life has taught me that a man can work hard to be a better version of himself (an argument supported by Gary also) (Expert of practice video, 1). Jack believes that leaders are made, not born, which makes me believe that entrepreneurs are made and not solely born with the skills.I am an Intrapreneur because I have, on many occasions, developed business initiatives and solutions at my place of work that has either led to an increase in revenue, increased efficiency and overall employee satisfaction with processes or has led to cost savings. On the other hand, I am an Entrepreneur. I wish to grow my skill-set in this area because I have started businesses and failed in them. I am currently at an advanced level of procrastination in starting a side hustle that can become a solid seven-figure business. I need this course more than anything right now ??I watched Austin Allan’s video, and one of the key things that struck me is the need to take action. Allan said this most succinctly, “do it.” Another critical factor that impressed me in the interview was his dedication to his goal, even when ridiculed. Selling soup in a bottle and serving soup cold is a concept I had never heard of before watching this video, so I can imagine how mentally resilient he was in forging ahead amid the doubters and naysayers. I love the advice he gave at the end; Stay true to your vision, especially if you are convinced of what you are proposing (Tio Gazpacho: Don’t Be Like Everyone Else, 2).I hope to learn all I can in this course to launch my business and impact lives. I also believe I will use my experiences to contribute my utmost to the success of my classmates.References:

  1. JWI 575 Expert of Practice Videos.
  2. JWI 575 Video Clip for Week 1. Tio Gazpacho: Don’t Be Like Everyone Else
  3. JWI 575 Week 1 Lecture Notes
• 2. Saurabh Deobhankar COLLAPSE
  

  Hello Dr. Geer-Frazier and dear classmates,I want to connect with everyone over LinkedIn. Please feel free to send an invite.https://www.linkedin.com/in/saurabh-deobhankar/IntroductionMy name is Saurabh Deobhankar. I am a Mechanical engineer by profession, graduated from the University of Texas Arlington with a Master’s degree.For the past 4.5 years, I have been working as a Product Development Engineer within the International business unit of Greenheck Fan Corp. (GFC), headquartered at Schofield, Wisconsin.We operate within the HVAC (Heating, Ventilation & Air conditioning) manufacturing industry. Our key products are centrifugal and axial units installed in residential, commercial, and industrial applications, providing ventilation, smoke exhaust, and life-safety. Our International business unit has Engineering in the US, India; Manufacturing in India; Marketing in the US, India, and Dubai; and Sales in India and Dubai. We serve Asia and the Middle East markets.As a Product Development Engineer, my role involves designing and developing innovative HVAC solutions to provide highly efficient and cost-effective products. I work with Manufacturing, Production, Marketing, and Sales teams and oversee the project life cycle from conception to launch.Type of Idea: EntrepreneurshipI am a 3D printing enthusiast and own two 3D printers. I intend to convert this hobby into a profit-generating business. 3D printing is an Additive Manufacturing process of building 3-dimensional objects from a computer file through a layer-by-layer material deposition. 3D printing reduces the carbon footprint on the environment while saving cost and time, allowing design flexibility according to the user’s needs.I plan to set up the business through two channels-

  • On-demand 3d printed products: Convert the customer ideas to 3D products
  • Ready-made (manufactured) product store: Set up a Shopify store with daily-use 3D printed products

  To draft the business plan, I need to study the market demand, consumer traits and analyze the playing field (1). Some of the risks include – resource management and financing (1).The takeaway from the Tio videoThe biggest takeaways from the Tio video were (2) –

  • Long term plan
  • Believe in yourself

  Long-term planning is essential for a smooth launch and early breakeven. The business strategy needs the following considerations –

  • Analyzing market trends and new technologies
  • Analyzing consumer needs and wants
  • Cost-effectiveness of the products and processes
  • Analyze and communicate the “value” of the products/services to enhance customer engagement and build a moat
  • Studying the competitive landscape
  • Thinking sustainability

  Finally, courage and determination are essential factors to get the ball rolling.References

  1. JWI 575. Week 1. Lecture Notes
  2. Austin Allan. n.d. JWI 575 video.