Graham Evans

 Graham Evans was awesome enough to come talk to us about the actual process of starting a business. His approach to the presenting his ideas was very different from the past visitors that spoke to us about entrepreneurial ventures. He focused more on having us work out the ideas that we have, rather than talking about his own experiences. I thought it was awesome because that was a breath of fresh air from the past speakers who mostly focused on their personal experiences and success rather than involving the audience to work on their business ideas.

The main exercise that we did was of great help to me as the business plan writing is not always a smooth sailing. This exercise was focused on drawing out your idea on paper, and seeing if that idea was feasible to achieve. We had to go into details pertaining to our business idea and concept to see what direction to take with that idea.  By doing so we got to analyze important factor of whether the business venture was going to bring in any income, and that is a big wake up call. Because we all are dreamers in our heads anything we do as far as business, we expect to have an income from it, but that is far from the truth in today’s very competitive world.

Of the things that we covered the main points that I felt were most relevant or undiscovered for me were the key partner, cost structure and channels of distribution. I know having partners makes it simpler to get exposure, but I never considered any partners for my business. Also the costs are known but not structures and lastly I have only one channel of distribution which is not enough to gain a large volume of sales.