Matt's Blog

1)     For my exit strategy, I intend to not be on the management end of the application for very long. Depending on the success of the app, I would like to sell the software as quickly as possible and move on with my life. 2)     The reasoning for picking this exit strategy is because this is not something that I am passionate about at all. I do not want to be in this field and truly do not have an interest in the type of service I would be providing. This would be something that I did to address a need that I and others have had but not something that I want to be providing long term. It would be a quick entry and exit strategy.   3)     I don’t believe that my exit strategy has influenced the decisions that have been made throughout the creation of my venture concept thus far. I think that right about now I should start making decisions based off my desired exit strategy but prior to this, it was important to de...

Reading Reflection of Mindset: The New Psychology of Success , Carol Dweck 1)     Carol Dweck, a psychologist at Stanford University, organized and conducted a research study over decades to prove a relationship between mindset and success. The general theme of the book is to share the information that she gathered through her research and to share the correlation between a person’s mindset and the success that a person attains. 2)     The information that Dweck provides in her book is very valuable information for any person, but especially for young ambitious entrepreneurs. Carol discusses the differences between a Fixed Mindset vs. a Growth Mindset. Her research showed that individuals that possess the fixed mindset people truly struggle with failure and tend to relate their failure back to their overall self-worth. They usually do not look at failure as a learning lesson and it then serves as a deterrent rather than a motivator....

1)     The most impactful failure that I experienced this semester was the difficulty of the first elevator pitch. It was a challenge having to put everything together that we had been working on in class into a brief oral summary. The first one that I completed was not very good at all and did not live up to the expectations that I had for myself. 2)     After receiving feedback from my peers, I could recognize what I needed to improve upon and move forward from there. I learned that having other people provide constructive criticism is extremely helpful in the development of an idea and a presentation. My next pitch was much better and my peers left comments confirming that the second time around was much better than the previous pitch. 3)     In my opinion, failure is not a negative. The idea of failure in and of itself is obviously not the goal of any person but I believe that success is impossible without failure. ...