Week 10 Reading Reflection

The biggest surprise to me in this reading was the John Wheatman expense and operating budgeting example.  It surprised me that repairs are labeled as relatively stable and a fixed expense.

It confused me when the author said that the cash flow statement is also know as "the statement of cashflows".  They basically sound like the same exact thing.

I would ask the author what is the best way to discontinue a relationship with an unprofitable customer.  I would ask him this because in business, there are many time when you must cut loose ends.  I would also ask the author for some more tactics to use for good cash flows in a declining economy.  I would ask him this because it would be helpful to know when the economy starts to decline.

I did not disagree with anything the author had to say in this reading.

Growing My Social Capital

I contacted a domain expert in my industry by email.  The favor that they did for me was giving me a lot of helpful advice for the future.  Including this person in my network will enhance my ability to exploit an opportunity because they have a lot of experience in this field.

I also contacted an expert in my market.  This person filled this spot because they know a lot about conducting customer research in my area.  I also contacted this person through email.  They helped shed a lot of light on the mechanics of the industry.

Finally, I talked to an important supplier in my industry.  Once again, I contacted this person through email.  They filled this spot because he sells products and services to other organizations is my industry.  The favor he did for me was tell me about his job, so I could have a better understanding of the industry.

As I reflect on this assignment, I believe that this was one of the more difficult assignments we have had this semester.  However, I think that this assignment was very beneficial.  This experience will shape how I participate in future networking events.  This experience also differed from networking experiences I've had in the past because I have never taken it as seriously as this.

Elevator Pitch No. 3

I think my elevator pitches have gotten better each time.  Therefore, I think this was my best one yet.  I received a lot of comments saying how similar my idea was to Uber and Lyft.  In this video, I tried to explain why my idea is different.  I also received a comment saying that I should try to dress more professional.  In this video, I am wearing a polo, whereas in the last one, I was wearing a t-shirt.