Problem: Hiring of qualified tire technicians.
Solution: I believe starting a technical school or class to be an opportunity to solve the issue. Typically we have to rehire old employees or go through on the job training which takes away from current employees productivity. If there were a technical school with a nine to twelve month program teaching individuals about their job responsibilities as a technician it would allow us to hire trained and professional individuals with a base of knowledge. Also, it would create a career path for these people so they don't see it as just a job.
Sunday, May 29, 2016
Testing Hypothesis, Part 1
I am currently working as a commercial tire salesman. One of the biggest opportunities I see in our industry is our ability to hire qualified tire technicians. I think having a technical school training individuals would greatly benefit the industry.
The Who: Owners or managers in the tire industry
The What: Difficulty hiring trained tire technicians
The Why: Find a sustainible pool of individuals to hire from
***not declaring due to assignemtn being late as well as unable to perform the five required interviews***
The Who: Owners or managers in the tire industry
The What: Difficulty hiring trained tire technicians
The Why: Find a sustainible pool of individuals to hire from
***not declaring due to assignemtn being late as well as unable to perform the five required interviews***
Thursday, May 26, 2016
Looking for Opportunity
Economic
1) Why Upperclassmen Are Loosing Financial Aid
B) Prior to reading this article regarding financial aid I thought once you were awarded a grant it covered all costs for your first four years of college. After reading this it seems as if colleges can use them as a tactic to bring in the next class of Freshman. There is an opportunity here to perhaps standardize the way grant money is handled so students aren't expecting one thing and receiving another. A college student should not have to submit document after document with differing deadlines to maintain it from year to year. I am certainly not pro regulation, but consistency in how grants are handled and presented to the students seems like a regulation I could get behind. So if there were some type of consulting firm to assist students with this process I think that could be helpful.
C) The student receiving the grant money would be the customer with the opportunity.
D) This would be a difficult opportunity to exploit. To start an organization to help college students understand the grants they are going to receive and what the terms of the grants are probably wouldn't have a high return. The "customer" may not have the means to pay someone to advise them.
I saw this opportunity due to the heavy talks going on right now about free college for everyone. While that is not even remotely possible based on simple math, there is a middle ground out there. And that exists through grants and other forms of financial aid. Students receiving them should be able to receive sounds advice and make sure they are committing themselves to the right program.
2) Weak Consumer Spending
B) With interest rates still low it may be a good time for someone to get into a retail type business. While consumer spending is lower in the first quarter than anticipated people are getting back to work and saving money. Consumer's confidence can rise when they don't feel the strain of personal finance and will begin to spend again.
C) The customer would be the consumer.
D) Starting a small retail business is by no means easy. However, the economy is strengthening and consumers will start to spend money once again on "luxury" or non essential items.
I see this opportunity as good timing. Consumer spending may be down for the quarter, but the article states that people are going back to work and saving money. While the same reckless spending that happened before will probably not happen again, consumers will regain confidence and spend again. So I think with the right idea a retail type business could do well.
Regulatory
1) Shrunken Citigroup
B) This article talks about the demand of regulation on the large banks such as Citigroup, Bank of America, and JP Morgan. Through regulation these banks have been forced to downsize and get rid of their high risk businesses. It also states that the banks are to have larger financial cushions and plans to downsize in the event of a crisis. The opportunity here exists for consumers to have confidence in the banking system again. While I don't want to see the banks so heavily regulated it cannot operate, I do want to see them acting responsibly.
C) The opportunity exists for consumers to have responsibility in banking.
D) The opportunity has I'm sure been difficult to exploit. The banks had to be regulated over the last eight years to get to this point today.
I had an opportunity to live during one of the worst economic down turns at a young age where I was not affected by it, but saw so many others affected by it. I use to wonder how so many young people could afford such nice houses at such a young age when I was involved in construction. Well, subprime mortgages and irresponsible lending were the answer. So the opportunity for the banking world to be better regulated is a great thing and will hopefully lead to more economic stability.
2) Regulatory Banking - Cyber Threats
B) This article talks about the regulations on banks for cyber security. Identity theft and cyber hacks are very prevalent in todays world. The article also outlines the standards banks are held to along with tools that are provided to them to prevent and adapt to new types of cyber attacks.
C) This opportunity exists for any individual with a bank account.
D) This would be an easy opportunity to exploit. Keeping individuals financial information safe is something anyone can buy into.
I can see the opportunity because I have had my banking information taken before. Luckily my bank was able to catch it and notify me within a reasonable time.
Wednesday, May 11, 2016
Bug List
1) Never being able to decide what's for dinner with my wife.
Why: Dinner should be a time for reflection on the day and a way to unwind, not gripe about what we are making.
2) When driving to work other drivers staying in the passing lane on the interstate while driving under the speed limit.
Why: People who are issued should know the rules of the road and slower traffic always stays right.
3) I do not like to be late to anything. This includes work, meeting with friends, or any other commitment I may have.
Why: People wouldn't set specific times for things if you were meant to show up whenever you felt like it.
4) Working late throughout the week and still working weekends.
Why: My free time is important to me. I enjoy being with family and friends.
5) People texting while driving.
Why: It is dangerous.
6) Inexperienced boaters at the boat ramp who do not have courtesy for other boaters trying to get in and out of the water.
Why: Lack of respect for others trying to enjoy their boating experience.
7) The poor service I received at the pizza place I went to dinner tonight.
Why: It was from a new restaurant that is locally owned. I like seeing small businesses succeed and prefer doing business with them over the chain type restaurants.
8) People holding minimalist jobs, yet demanding $15 per hour.
Why: These type jobs were not intended to support a family. These jobs are meant to help younger individuals gain work experience.
9) Shin splints from running.
Why: It is tough for me to get into an excise routine. Getting shin splints makes it difficult to push forward exercising.
10) Missing an opportunity to do something with friends due to work interferences.
Why: You have to have balance in your work and personal life. I tend to be out of balance and work too much causing me to miss out on fun opportunities.
11) Packing for my up coming fishing trip.
Why: I will stress the entire time trying to pack everything needed.
12) Scheduling for ten people for my upcoming fishing trip and making sure everyone has lodging, food, and a spot to fish.
Why: I stress enough getting by boat, fishing gear, and personal items together that trying to account for nine others is difficult.
13) People who complain about not having things or money, yet do not want to work overtime to earn extra.
Why: I have always gone above and beyond what is expected of me in whatever position I have held. So it is difficult for me to be around underachievers.
14) Having to tell adults what to do daily at work because they have no personal responsibility.
Why: I have been responsible professionally since a young age and am a self starter. So telling people older than me seems like nonsense.
15) Running out of bug spray when night fishing last weekend.
Why: The bugs get bad at night and ruins the fishing experience.
16) When I allow myself to be lazy regarding school work.
Why: The work has to get done one way or another. I know it would be easier if I did a little at a time rather than all at once at the last minute.
17) That Finance is only offered during football season.
Why: I love football season and finance is a difficult course. So time management becomes an issue for me.
18) My busiest time of year at work is the best time to be out on the water.
Why: I have to let my work responsibilities trump my personal wants.
19) Wasting a Saturday or Sunday doing nothing fun.
Why: I have limited days of free time, so a wasted day drives me crazy.
20) The wings I got Monday that were not done enough.
Why: There's nothing worse for me than soggy wings. I rarely eat wings, so when I do I want to enjoy them.
It is difficult to come up with 20 things that bug me. I like to think positively so that made it difficult. Also it makes you really think about things or situations that do bug you. Some of them I wouldn't have given a second thought until putting it in writing.
Jason Kervin
Why: Dinner should be a time for reflection on the day and a way to unwind, not gripe about what we are making.
2) When driving to work other drivers staying in the passing lane on the interstate while driving under the speed limit.
Why: People who are issued should know the rules of the road and slower traffic always stays right.
3) I do not like to be late to anything. This includes work, meeting with friends, or any other commitment I may have.
Why: People wouldn't set specific times for things if you were meant to show up whenever you felt like it.
4) Working late throughout the week and still working weekends.
Why: My free time is important to me. I enjoy being with family and friends.
5) People texting while driving.
Why: It is dangerous.
6) Inexperienced boaters at the boat ramp who do not have courtesy for other boaters trying to get in and out of the water.
Why: Lack of respect for others trying to enjoy their boating experience.
7) The poor service I received at the pizza place I went to dinner tonight.
Why: It was from a new restaurant that is locally owned. I like seeing small businesses succeed and prefer doing business with them over the chain type restaurants.
8) People holding minimalist jobs, yet demanding $15 per hour.
Why: These type jobs were not intended to support a family. These jobs are meant to help younger individuals gain work experience.
9) Shin splints from running.
Why: It is tough for me to get into an excise routine. Getting shin splints makes it difficult to push forward exercising.
10) Missing an opportunity to do something with friends due to work interferences.
Why: You have to have balance in your work and personal life. I tend to be out of balance and work too much causing me to miss out on fun opportunities.
11) Packing for my up coming fishing trip.
Why: I will stress the entire time trying to pack everything needed.
12) Scheduling for ten people for my upcoming fishing trip and making sure everyone has lodging, food, and a spot to fish.
Why: I stress enough getting by boat, fishing gear, and personal items together that trying to account for nine others is difficult.
13) People who complain about not having things or money, yet do not want to work overtime to earn extra.
Why: I have always gone above and beyond what is expected of me in whatever position I have held. So it is difficult for me to be around underachievers.
14) Having to tell adults what to do daily at work because they have no personal responsibility.
Why: I have been responsible professionally since a young age and am a self starter. So telling people older than me seems like nonsense.
15) Running out of bug spray when night fishing last weekend.
Why: The bugs get bad at night and ruins the fishing experience.
16) When I allow myself to be lazy regarding school work.
Why: The work has to get done one way or another. I know it would be easier if I did a little at a time rather than all at once at the last minute.
17) That Finance is only offered during football season.
Why: I love football season and finance is a difficult course. So time management becomes an issue for me.
18) My busiest time of year at work is the best time to be out on the water.
Why: I have to let my work responsibilities trump my personal wants.
19) Wasting a Saturday or Sunday doing nothing fun.
Why: I have limited days of free time, so a wasted day drives me crazy.
20) The wings I got Monday that were not done enough.
Why: There's nothing worse for me than soggy wings. I rarely eat wings, so when I do I want to enjoy them.
It is difficult to come up with 20 things that bug me. I like to think positively so that made it difficult. Also it makes you really think about things or situations that do bug you. Some of them I wouldn't have given a second thought until putting it in writing.
Jason Kervin
My Entrepreneurship Story
In 2014 my wife and I moved into a new neighborhood. I met one of our neighbors that started his own graphic design business. He shared stories of long days and late nights in the beginning when he and his partner were getting their business started. I'm sure this is a common occurrence with any entrepreneur. Prior to starting his company he worked for others and did freelance work, but decided he wanted to do something more and has built his company ever since.
I enrolled in ENT3003 to satisfy a portion of my Business degree. After watching the first lecture I'm excited to learn how entrepreneurs think. I've typically been one to think it's not possible to be an entrepreneur so I'm hoping to gain insight on how to think like an entrepreneur.
Jason Kervin
I enrolled in ENT3003 to satisfy a portion of my Business degree. After watching the first lecture I'm excited to learn how entrepreneurs think. I've typically been one to think it's not possible to be an entrepreneur so I'm hoping to gain insight on how to think like an entrepreneur.
Jason Kervin
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