Mitchell's Entrepreneurship blog

Many investors are curious to begin investing in the cryptocurrency market but are intimidated by the knowledge barrier that they must overcome to understand the subject. The Who: Potential Investors The What: They lack an organized source of information to explain how to get started with cryptocurrency investment. The Why: This type of investment is relatively new and is based upon a complicated technological concept. Hypothesis: If I create an organized hub for the basics of understanding cryptocurrency, I will capture the market of curious investors blocked by the information barrier. Interview #1: In my first interview, I was very happy to find that the "What" of my hypothesis was correctly identified. This uninvested person is very interested in the cryptocurrency space but is afraid to enter because he does not trust any specific source for information. I completely understand this, as many of the crypto news sources fall victim to false leads and extrem...

Economic 1. Due to poor governmental management of Italy (Europe's third-largest economy), much of the world has become uncertain of Italy's stability. This has caused a significant drop in the valuation of the Euro. A drop in an important currency's price increases the investment potential for growth in cryptocurrency. a. I encountered this economic news while browsing different finance-based news sites. b. Rather than keep money in a depreciating asset, euro holders will look for new places to put their money. With the recent news success of many cryptocurrencies, it is likely that many investors will choose this as their new asset which may cause a price increase. c. Euro Investors d. It is easy to exploit this opportunity by placing funds in cryptocurrencies that are appealing to people afraid of government centralization. Why: I saw this as an opportunity to increase investment in cryptocurrency because of my extensive research into the subject and genuine intere...

Opportunity #1. Title: "Landmark 1972 'population cap' set off lasting feud on growth" Link: http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/16C34A7AAF35A9B0?p=WORLDNEWS Description of Story: Seeing exponential growth in a small area, 1972 Boca Raton lawmakers implemented a cap on the maximum number of dwellings allowed within the city. This cap was set in place of a population cap since they could not stop residents from having children. Over the past four decades, the town's sentiments have been split on the issue. Description of Problem: In an effort to reduce future strain on limited town resources, Boca Raton was forced to implement a dwelling cap. This created fear in businesses that may miss the opportunity to own buildings in the city if they did not act quickly. Who has the problem: Boca Raton politicians & businesses Opportunity #2. Title: "Pharma suits mirror Big Tobacco fight - Opioid crisis: cities, states use tobacc...

I believe that with the exponential growth in the blockchain industry, there will be an increased demand for professionals who know how to handle business operations for blockchain-based companies. The need for blockchain businessmen comes from the successful software developers who understand the technology, but not how to handle things like PR, marketing, and team management. Blockchain is an incredibly new industry that new companies are exploring everyday. Currently, there are traditional businessmen that handle these companies, but as the space evolves it will require management that actually understands how the company’s software functions. Prototypical Customer #1: Blockchain news media company Reflection: First I reached out to a company that focuses on journalism and social media coverage of blockchain news. I realized that this position would be a good fit for me given my extensive experience with social media advertising. The company needs man-power to gain a strong en...

Since I was a child, I have always been fascinated with the idea of owning my own business. With all the jokes out there about horrible bosses, I considered it a no-brainer that I should aim to be my own boss. My first exposure to entrepreneurship was through my father’s work. After holding several jobs within the hospitality industry, ranging from bellboy to hotel manager to public accountant, he developed a strong enough understanding of the industry to create his own company. He started a software company that offered a unique suite of products to make hotel operations more computerized. Since he was in charge, my father set up an office for himself within the basement of the Atlanta house that I grew up in. I would waste the day away with my eyes glued to my Gameboy as I sat in the corner of my dad’s office while he worked diligently to improve his business. I enrolled in this class to fulfill a requirement for my business major. However, I have many goals set for what I aim to g...

Bug List 1. When I went to order a new pair of shoes this morning, my desired style & size were not available. A: Due to the popularity of the new style I wanted, all of the supplied pairs were bought before me. 2. I find it frustrating that there are times where I am unable to log into my Coinbase account to access my funds. A: During times of extreme price fluctuation, the Coinbase servers go down due to increased traffic. 3. To make it to my flight on time, I must arrive at the airport significantly earlier than my departure. A: I must arrive early to account for time spent at security in a line with other travelers. 4. When I go to see a movie at the theatre, I am not allowed to bring in outside snacks or candy. A: Theatres place this restriction to encourage entrants to buy snacks at the concession stand. 5. The Paynes Prairie La Chua Trail is closed off after a short distance from the entrance. A: Due to Hurricane Irma, a majority of the trail has been f...

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