Growing My Social Capita

John is a sales rep that has been working at chain reaction for many years. He has a lot of experience and knowledge on bikes and how they work. He also rides. Due to Johns experience with bikes, he will be considered as the domain expert. I was able to contact John because his store is where I bought my bike and sometimes pop in to get a quick fix or new merchandise. Knowing his background with bikes, I asked him if I could receive his feed back on my bike cover idea. He nicely said yes, and didn't ask for anything in return. With his feed back I hope to better improve my model and eventually seek out investors.

With John's help, I was able to get in touch with the owner of the shop who would be great because he owns one of the many successful bike shops in Gainesville. The owner of chain reaction will be my market expert. He will fill the spot because he knows the bike market because he's been selling products to my customers for many many years so he knows what sells and what doesn't. Essentially, the demand. He will be giving me feedback on my product as well as advise . The only favor he wanted mack was to let him see the actual model if I were to ever go for bringing my product to real life.

 With both of the above help, I was also able to get in contact with on the suppliers who apparently supplied the bike light I currently use when riding. Sam also has a background with riding and has been the supplier for chain reaction since their doors first opened. This meant a lot to me because not only was he a suppler to a great store, but also loyal due to the many years he worked for them. Sam will take up the supplier slot. He will fill this slot by giving me advise on my product because he does supply to the peoples demand. He will be able to not only just give advise on how to put my product out there in the market but how I can get it mass produced and where to sell it. 

Speaking to all three men was amazing and eye opening. I'm glad I got the opportunity to talk about my product and how to make it better as well as how to introduce it . With their input, I will make subtle changes to my product as well as think of the next steps on how I get big investors to check my product.

Week 10 Reading Reflection

Being a college student, you don't normally worry about your assets and equity until you've graduated and settled down. Reading the section regarding the balance sheet was interesting because I got to gain new knowledge on how liabilities all works. One part of the reading that was confusing to me was the type of liabilities and which were considered long or short term. Two questions I would ask the author is how is a loan considered a long term liability if there is some out there that you would have to pay after 6 months? Why is there no affect on the market value of the stock? Throughout my reading, I found no issues with the authors topics/explanation.

Elevator Pitch No. 3

During my last elevator pitch, the feedback that I received were mostly positive. Everyone seemed to like my product, and thought my product could become the next trend. However I did receive feedback on the way I presented my pitch. This did have something to do with me not feeling well on the day of the recording. Based on past feedbacks, I decided to not just describe the product but persuade you to why you should invest in my product. You don't have to be a bike rider to buy my product. This is meant for those that have a bike or motorcycle and those that are looking for a unique gift to get for their friend. My product like described before will have a built in heating mechanism that will allow you to have visibility when riding as well as window wipers to assist with seeing. This seems like a bulky product but it isn't. You'll be able to carry it on you like a bag and it will also be affordable! With my product you don't have to worry about getting you and your belongings wet . Say good bye to awful long rain coats.