Friday, March 27, 2020

Growing Your Social Capital


1.     Bryce Wilde
a.     Canadian alternative medicine expert who focuses on finding medical care and supplementation for everyone.
b.     He is filling the slot of domain expert because they are an expert on the type of product I want to implement into the market.
c.     I found him through a google search and sent a message via email.
d.     No response from him. I do not think he will since the virus outbreak.
e.     He will allow me to make the right decision by integrating products that are healthy and a great source of energy into the product I plan to create.
2.     Teecino
a.     A company that uses robust herbs for those with a caffeine sensitivity.
b.     This will be the market expert because they have a similar businesses and have data on who buys and how much they will pay for the product.  
c.     Found through a google search and used their contact page to reach out to them.
d.     No response due to coronavirus.
e.     This will enhance be by allowing me to see real data to incorporate it into my business model to have a real sense of the market.
3.     Farmer Bros
a.     Gives coffee and other products to consumers with a quality guarantee and a convenient buying process to all businesses.
b.     They will be the supplier.
c.     Found through a google search and used their “contact us” page.
d.     No response
e.     This will allow me to get a sense of the supplier that I need and maybe use their contacts to see other suppliers in the industry so that I can get the raw products that I need to create my drink.

Reflection:
This experience has helped me realize that deep research is needed in order to get a good idea of needs to be done to have a successful business. this leads me to seek out those that will fit my opportunity best and in future networking events and how to approach them with confidence and a clear point to make. This did differ from my past experiences because it was all done through the internet because of the coronavirus pandemic.






3 comments:

  1. Hello Austin,
    It is a true shame that none of your experts responded to you at all. However, it could be helpful just to search for these individuals and learn from their success and models. It will also be a resource for you in the future as you could use their input if they get back to you in the coming months. While you did not get to converse with these individuals i see that you did learn how to find individuals who will best meet the need of your business and I am sure that can be done again.
    -Jordan Jacobs

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  2. Hey Austin,
    Although you didn't receive any responses from potential experts in your field, you were at least able to find the means to target them. In my eyes, that's what's truly important since reaching out and shooting your shot is what will eventually create connections with people. You were able to isolate people that you would need in each individual department of your company which stills shows promise since you would likely have gotten responses had the world been in a more normal setting. Good job overall.
    Samuel Ackenine

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  3. Hey Austin,
    I can relate in the aspect that one of my experts did not reply in time for the assignment, but like the others have mentioned, it is good that you alone can identify the experts in your field. Hopefully when they reach out you will be able to decide if you would like to take in their information as beneficial to your cause or if you would rather refer to other people.
    All the best,
    Luis

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