Celebrating Failure

A time this past semester where I have failed horribly would have to be the time that I tried to run for President of my organization I had been dreaming about this position ever since I joined the club and it's been a crazy roller coaster of events. In part I believed that I had done everything in order to make sure that I was qualified for the position so I ended up running and lost by a vote. I was so hurt and saddened but eventually I realized that everything is not meant to be. Something important that I gained from the multiple failures that I have experienced in college is to continue forward. There are a million different things on campus and everyone does not need to be in everything in order to be successful. I also learned that a title is just a title and the person behind the title is what really matters. This class has taught me to not look at things as impossible but to find a way to make a solution and if not make a solution from what's stopping you in the first place. Taking this class also inspired me to think about the world in a different manner of innovation. I think taking risks and going for it is really something that can be beneficial and it has so far to me.

My Exit Strategy

1. My exit strategy consists of growing my app to the highest degree to the pint that I would soon be able to sell it. This is a service business that think I could dedicate a lot of time to while now in college but after graduation maybe not. The best thing is to try to establish a good foundation, create a market share, pass the business down to a fellow peer after graduation and then eventually sell the app.

2. I selected this particular venture because I want to be able to focus on other new innovations and also my career in the future. I think that Tap&Snack would be just a stepping stone into my entrepreneurial ventures. I also think that it would be better to continue having the business ran under the control of someone that is still I college until sell to help identify what is going on campus.

3. I think that my plan to sell the business affected the initial resources and how much funding that I would allocate to this service. Knowing that this business is something that I do not plan on having past 5 years I though of the most simple but innovative way to provide a service to students in college.