Week 5 Reading Reflection

        The biggest surprise for me in the reading would probably be  the "Why New Ventures Fail" section. I didn't really think about factors such as poor timing could cause a new venture to fail even if it is a good business idea. After the reading, I now understand more of the factors that affect  the success of a new business venture.
        The section about profile analysis and the feasibility criteria approach was a bit confusing to read. It gave a good overview of the ways to analyze the internal strengths and weaknesses that exist in a new venture but a specific example or two would have given me a clearer understanding. One question that I would ask the author would be "do you think that the feasibility criteria approach or the comprehensive feasibility approach more effective?" A second question I would ask is "Which factor do you think is most important to the success of a new business venture?"
         I don't necessarily think that the author was wrong about anything in this chapter but I would have liked to have seen more support for the section called "Ignorance of Legal Issues." The author stated that businesses and start ups must abide by legal requirements to be successful but did not go into much detail at all describing this.

Elevator Pitch No. 1

       
          The global water crisis is a huge issue around the world. Many of us even put it near the top of our list of the world's biggest problems. Millions of people in less developed countries around the world do not have clean drinking water in their communities and homes. However, clean drinking water should be accessible for every person on earth.
        BLUE Missions is an organization that is aiming to fix the global water crisis. BLUE takes college students on service trips to the Dominican Republic to help provide communities with clean water faucets and aqueducts for the first time. Make sure to visit our website www.bluemissions.org if you're interested in volunteering or to help spread awareness!

Every drop counts, THINK BLUE!