My Reflection
For this assignment, I was able to place myself in the role as CEO/majority shareholder of a “start-up” company that would produce an online training portal.
Learning about making a business plan and a realistic budget for a three year period and factoring in a return of 40% to investors (too generous) plus paying myself a salary was a sobering, wake up call in terms of what an online portal costs to produce.
I had a lot of fun with this assignment and making the animated elevator pitch with Bill Gates in the elevator. I played the role of future businessman and imparting my knowledge to Bill Gates as a potential investor in a very short period of time. This included some of the organizational benefits in motivational manner but not exceeding the time limit was challenging and rewarding.
ETEC 522 helped me in understanding the basic business principals of running a business and investors and the costs associated with technology and the enormous outlate of capital needed for instrastructure. Understanding that the financial viability of a venture plus the marketing and the assessment of the intended market is as important as the idea or technological invention what Bates refers to as “human support for infrastructure”. (Bates, 2000, P. 77)
Learning about making a business plan and a realistic budget for a three year period and factoring in a return of 40% to investors (too generous) plus paying myself a salary was a sobering, wake up call in terms of what an online portal costs to produce.
I had a lot of fun with this assignment and making the animated elevator pitch with Bill Gates in the elevator. I played the role of future businessman and imparting my knowledge to Bill Gates as a potential investor in a very short period of time. This included some of the organizational benefits in motivational manner but not exceeding the time limit was challenging and rewarding.
ETEC 522 helped me in understanding the basic business principals of running a business and investors and the costs associated with technology and the enormous outlate of capital needed for instrastructure. Understanding that the financial viability of a venture plus the marketing and the assessment of the intended market is as important as the idea or technological invention what Bates refers to as “human support for infrastructure”. (Bates, 2000, P. 77)