Tuesday, March 19, 2019

20A- Growing Your Social Capital

Person 1: Lioz is someone I want to add to my social capital. He is someone who is very experienced and engaged in similar business activity as me as he is someone who manages different applications to reach out to college students as well. He is the domain expert of my capital because of his experience and technical skills that he brings with him. He knows what I want to accomplish and has similar goals in mind. I found this person through connections and relationships that I built at the University of Florida as he is a student at Florida State with the same mindset as me as to helping resolve the traveling issue. The nature of exchange that I have with Lioz is that we agreed to both help each other in our respected applications as we are both technologically advanced, we believe that we can balance each other out and ultimately help one another. Including Lioz in my network will better enhance my ability to exploit this opportunity because it gives me another brain to work with which means the innovative thinking is increased.

Person 2: The second person that I want to add to my social capital is Jessica. She is another college student but attends the University of Miami. She is super involved and someone who has a lot of experience in customer research and target marketing. She would be the expert of my market because of her past experiences and aspirations for researching customers and what they look for when deciding to use a product or service. She had once attempted to create a service but didn't have the right tools to do so, she believes together, we can make this service work. I contacted her through friends who attend the University of Miami so it was easy to get in contact with her. The nature of the exchange was that we agreed to work together one multiple projects whether that be something I want done or she wants done. It it a mutual agreement that will lead to a great relationship. Including her in my capital will better enhance this opportunity because of her skillset and what she brings to the table.

Person 3: The last person who I want to add to my capital is Colin. He is a student at the University of Florida. He is a genius and someone who has been a entrepreneur since a young age. He sells services to similar organizations around the state which is why I would be making him the important supplier in my social capital. He has a ton of experience and have no doubt that those experiences make him a great candidate and someone I could trust in the future moving forward. I found Colin at the local Reitz Union where I overheard him discussing his supplier experience with a fellow student, I spoke with him and believed this could be a fit together. The exchange that we have amongst each other is that I would help him in his supplier experience and he would me build my brand and to become more knowledgable to the public eye so I gain more traction on campus. Colin will help me build my network not only with his past experiences but also because of the relationships he has built that can help me further my business.

This experience will better shape my participation networking skills dramatically. This experience allowed me to get out of my comfort zone and really communicate with people I hadn't with before. These people that I chose as my social capital will better my overall service with what I am trying to accomplish. This experience differed from my past experiences because in the past I was someone who was to shy to talk to a stranger or someone who would be conservative. This experience built up my character and ultimately helped me get to where I want to go with this service.

2 comments:

  1. Alex,

    Good job reaching out and contacting new people, especially if it took you out of your comfort zone. Entrepreneurship frequently requires stretching yourself and testing your risk levels, so this might have been a good step in that direction for you. My only critique is that you stayed within the universe of school students, which can limit the reach of your network. If you are building an app, my recommendation would be to reach out to developer user groups and meetups, where you could expand your network further with people that do development for a living. Besides that, I think you did a good job describing your contacts, explaining how they fit into your plan, and how can they add value to your venture. Great job!

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  2. Alex,
    The three people you communicated with are all very helpful sources to completing more background information on your product. All three people seem to have been active when interacting with you and allowed you to fully identify your similarities with them and how they can truly benefit you in the long run. As you stated in the final paragraph, networking is a very valuable resource to our generation and staying in touch with like-minded individuals can truly increase our capabilities in the future.

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