Ron Kornfeld

phew at least my answer to where Ron currently works is correct on the quiz :)

Ron Kornfeld, from Nimblesource, was our guest speaker last Wednesday.

He talked about his business plan template and that business plans fall into two categories; operational plans, and plans designed to attract investors.
Business plans are choices you will make and have made.

He also discussed about the The Four Corners of the Plan which are:
- Describes the business and its opportunity
- Establishes performance plans, goals, and objectives and systematizes their evaluation
- Presents the management team and organizational design
- Documents the company’s message to management, employee prospects, and potential investors

Before reading the PowerPoint on which he presented on, i remember that there are five steps to making a business plan. first is to identify your audience. I think this is the most important step because if you don't have an audience, you won't be able to sell your product to anyone. The next step are to Outline the Business Plan, write the Plan, Review the Plan, and lastly Update the Plan.

Business Ideas

Finally I can type!!!! yay
however, its still taking me so super long as my cast is not letting me type properly.

last week we had to come up with 5 business ideas and here is mine:

1) A smart tooth brush. yes! this will make it so much easier to detect plague or any bacteria around your teeth. so every time you brush, this new and improved, plague detecting toothbrush will start to beep and vibrate more vigorously (of course not too much that it will tear your gums out). When it beeps, you will know you have some hidden surprises in your tooth.

2) smart cell phones. i know we already have enough cool ones out, but my idea of a smart cell is that it can record your blood pressure, heart beat, pulse rate at any time with just one touch. same as the device installed in treadmills where you just hold the bars and it can record all this information. this smart cell phone can be used anytime by just holding it for at least 2 minutes. it then stores about one weeks data which can be down loaded to your computer with a usb cable.

3) checking for diseases through a urine sample right at your home. this can be done by inventing a scanner in your toilet which displays your health conditions on the tank. i don't know how exactly this would be done but my market would be for people who have a history of family diseases like diabetes, kidney stone or high blood pressure. they can install the disease tracker in their toilet so it can display a reading of their urine.

4) tea cups/ mugs. create a new mug which gives you a reading of how hot a drink is. when you first purchase your mug, just lock the temperature at which you can drink your coffee without burning your tongue. so when you pour your drink, it reads on the outside, 'too hot' 'ready to drink' or 'cold'

5) automatizing all carts at the grocery store so you don't have push it your self. have a remote control which guides the cart at a very convenient speed so its not too fast or too slow.

What is an Entrepreneurship?

okay so I did the reading. Now what?? Wow, so only 1 in 6 million high-technology business ideas wind-up in an IPO? Like I stand a chance surviving this class! The class seems pretty easy so far. The reading was short and simple. I liked how it defined entrepreneurship and the three objectives they have. The authors, Reggie Aggarwal and Mark Esposito, were very clear about the fact that if you don't have any basic interest in these objective then you should not even think about being an entrepreneur WHOA...I thought that this was a little discouraging as there is very little chance of making it out there. But like we discussed in class, you should always try and fail even but you can at least say I tried my best. This chapter identifies some goals and characteristics which I could probably work one..For example creativitiy and passion?? hello..i'm not creative so coming up with 5...yes FIVE business ideas next week will be tough. I liked how the authors defined that entrepreneurs are concerned about creating long-term value and not just wealth. They are also willing to accept any risks :) but ohhh I can't risk my money being thrown into failure...the perks of being a college students with millions of tuition!!
Thats it for now..gotta read chapter 2 and brain storm about business plans