17A Nr. Elevator Pitch

2)
On the overall, I must admit that I was very happy with the feedback I received. Chad pointed out that I must explain why I thought that many people wanted to live in downtown and Esther thought that I should give more facts.

3)
I tried by to make my allegations more credible by saying that I conducted extensive research about the real state market and I tried to make it more clear how I was planning on getting the money invested back in a short amount of time.

18 A

As far as I am concerned, I would say that my customer avatar is a young man who just graduated from University and is dressed in his regular work clothes. He is on his way to his office that is located in a major city and according to the segment of customers I have been analyzing for the last assignments, I would say that his office is located in Luxembourg city and he lives in a town that is between twenty and thirty minutes away. Since he just graduated from University he has like most of the people an important amount on debt that he needs to take care of as soon as possible which makes him an excellent worker that will come every day to the office and stay as many hours are required to him to be there. He is not focused on any having serious relationships, he just goes to the gym when he can and works as much as he can since he wants to be financially stable as soon as possible. Unfortunately, since he drives every day to the city he will have to deal with traffic jams every single day he wants to get to his office or just wants to go home. This makes him a perfect customer for my business idea which is to eliminate traffic in major cities by the construction of trams.

I personally would say that my avatar might be a future version of myself. I know that as soon I am done with college I have to get a job to pay off some loans I took. Since the day I was born, I have been inspired by successful entrepreneurs and by successful Ceo's and I have always considered myself as a person who will work as hard as possible to become successful. I am aware that in my first years after graduating I will have to work for someone in order to get the experience and become part of the overall market. This would be the reason why I would see myself in a few years driving every day to an office and getting stuck in traffic.
I also do not believe that this is a coincidence since these days, most of the people are in the same situation as I am. We all want to have a better future for our lives.

16 A

1)
- I have three nationalities. I am American, Colombian, and Luxembourgish.
- I am fluent in five languages. German, French, Spanish, English, and Luxembourgish.
- Worked since I was a teenager at my father's company and I have always considered myself a hard worker.
- My father himself is an entrepreneur, which means that I grew up in an entrepreneurial environment.
- I hate to fail, no matter what I do it has to be done in the most perfect ways as possible.
2)
 Since I was raised in Luxembourg, I believe it is unnecessary to publish my interviews since they are all in Luxembourgish which is the reason why I will summarize the interviews as detailed as possible.

1. Interviewer: my father

My father believes that my knowledge of multiple languages makes my human capital extremely unique. But besides that, we do not match any other ways I believed made my human capital unique. He believes that since I was a little kid, I loved playing soccer or other team related sports. He said that I would get bored really quickly if I was doing something by myself which makes me according to him an excellent team member.
I would be never afraid of any challenge and I would always embrace new adventures and in school later on new projects. This would all be excellent ways that make my human capital unique.

2. Interviewer: my girlfriend
According to her, the way I help people would make my human capital unique. She said that no matter what my schedule is if someone would ask me to do something for them I would not think twice and just do it. The way I can communicate with people from all around the world would also be a unique human capital and not being afraid or shy to meet random people would also be a unique human capital these days.

3. Interviewer: my best friend
According to him, my most important characteristic that would prove that I have unique human capital would be the fact no matter what I want in my life, I have to get it. According to him, I would completely shut off until I would achieve my goal no matter how many hours of sleep it would take me or how much effort I would put into it.
4. Interviewer: my roommate
According to her, the way of how fast and easy it is for me to adapt in a new environment would be definitely a way of having unique human capital. Apparently, she would have never met someone who has traveled at such a young age all over the world and has been able to adapt to any situation.
5.
Interviewer: my mother
At the beginning of the interviews I did not really wanted to interview her, since I thought that she would say exactly the same qualities as my father but then she something that was completely different from my past interviews which is that she believes that the fact that I never judge anyone from no matter where he or she is from and no matter what social status I would always treat the same would always be a unique human capital especially in today's society.
3)
I believe that most of the attributes my interviewers told me I was not expecting. I believe that the ways my interviewers see me are the ways I just simply am and I never had really thought about that I would act in some situations in that specific way. I personally would make one or the other change into my first list not many references I listed were the ones my interviewers listed and they do know me for years.

15 A

1)
My business idea is a service that eliminates any sort of traffic in a major city by the construction of trams in the key spots of the city. Parking houses would also be created around the city. They would give the option to people who would go to the city to leave their cars safely in the parking houses and take a tram from the to the city without having to worry about available parking spaces or getting any sort of parking ticket. The segment from all my potential customers would be people who live in a town in Luxembourg that is between fifteen and forty-five minutes away from downtown Luxembourg. These specific customers have to go at least between three and seven times a week to the city due to school or any work-related reasons.
I interviewed Patrick, a former classmate of mine who lives in a town called Grevenmacher that is thirty-five minutes away from downtown but has to drive or take the bus to the city every day since his school is located there and his girlfriend lives there as well.
Then, I interviewed Max, he is the younger brother of my best friend, and he goes to the same high school as I went, Lycee Robert-Schuman. Even though it is an extremely good school, it is located in Luxembourg City, which means that Max is five times a week forty minutes on a bus that brings him to his school.
Lastly, I interviewed my friend Sen-Cheng. He lives with his family in Arlon which is about forty minutes away from Luxembourg City and he works every day at his parent's restaurant which is in Luxembourg City. He works six days a week and has to drive every day to the City.
3)
All of my interviewers have in common that they get stuck in the morning or in the afternoon in traffic and they get stressed or pissed because they literally loose so much time every single day. It is at that moment that they realize that they have a need which is to avoid traffic jams which they fulfill by waking up earlier and go to their destinations at an earlier or later stage of the day. Sometimes they just get off at an earlier stage of their destination and take an expensive taxi with the hope that the taxi driver takes alternative and sometimes illegal routes that brings them faster to their destination. The fact of waking up earlier or later or rearranging their schedule in order to avoid traffic can be extremely annoying since they end up spending more time at their destination that they actually have to. Max, for example, stays every day two hours longer at his school in order to avoid traffic. he goes then to the gym or catches upon some homework which is all positive facts, but when I interviewed him, he clearly stated that he only does this because he has to, he would obviously prefer going straight home after a long day in school. When my interviewers decide to take the regular bus and go off at an earlier stage of their route to take a taxi, they split they split the fare since Luxembourg has not introduced UBER nor Lyft which means that the taxi fares are still extremely expensive. But, since they sometimes can not leave it to chance if they arrive on time or not, they are willing to pay the fare no matter how high the prices get.
4)
Taxis are all around the city or people can always call them. Taxi drivers even have their own business card which gives them certain discounts to loyal customers, but they are still extremely expensive.
5)
As far as I am concerned, I would say that my interviewers do not care about the amount they spend on money for taxis as long as they arrive at their destination on time. They regret that spending money on taxi's can become extremely expensive if they do it multiple times in a week, but they describe it as a necessary purchase.
6)
Patrick and Max were the ones who spend money on taxis if they could tell that they would not arrive on time with their bus. Sen-Sheng often goes to his restaurant an hour earlier and leaves it an hour later, since, at the time when he gets off, most of the people working in offices in downtown get off and the rush hour is horrible.
7)
I believe that the people in this segment do not have a lot of options. The ones who can afford taxis take them but the ones who do not have that extra money, just leave it to fate if they arrive on time or not, which can be extremely stressful. If anyone could arrive at the time they want taking using my business idea which would be the tram, everyone would be happy and it would be a win-win solution.

13 A

1)
I had the opportunity to read about two entrepreneurs, Wilbur, and Orville Wright. It surprised me the most that both brothers worked on everything together and even had at a moment of time a joint bank account. I always imagined that brothers always are in competition about who becomes more successful and who makes their parents as much proud as possible, but the Wright brothers did everything together and shared even same hobbies such as playing musical instruments for example. All the businesses they ever opened like for example the newspaper or the bicycle store were opened together as well.
I admired the most about the entrepreneurs that they worked six days a week in their stores and on Sunday they would still help out in their house and work on some regular house products that would need fixing. I also admire the fact that the Wright brothers wanted to sell the first airplane to the United States military since they wanted to help their own country even though they were never interested.
I must admit that I can not think of anything that I do not admire about the entrepreneurs. I believe that both of them loved creating new products and worked as many hours as they needed to fulfill their products and did it without hesitation. I believe that they lived a life working together on projects that they were always passionate about.
The entrepreneurs encountered failure when people told them that it was impossible for humans to fly and that men should keep their feet on the ground. As I mentioned before, after working extremely hard for several years on the first airplane, they wanted to sell their product to the American military and they showed no interested only years after they were already famous.
2)
As far as I am concerned, I would say that their most important competence was to work on products for as long as it took to perfection their products, like for example the bicycles and the airplane.
3)
It was confusing to me that Wilbur was the only brother on willing to attend a college and Orville never even graduated from High School. He certainly had a brilliant mind as well but never considered to extend his knowledge.
4)
I would ask them how they managed to work together as well and share exactly the same interests even though they had four years of age difference.
5)
I think that the Wright Brothers did not interpret 'working hard' as something negative or exhausting. I believe that every product they created, was for them a hobby and they loved inventing solutions for problems that seemed impossible at that time.

14 A

1)
I must admit that this class is more challenging than I thought at the beginning of the semester when I took it. This class challenges you to think about what do you personally think could be a successful product or service, which is easier said than done. There are so many little aspects to consider while coming up with a business idea that you literally will be working on for an entire semester that you will end up spending a lot of time on it.
2)
As far as I am concerned, I must say that I have never felt about giving up with this class since this has been by farthest, one of my most favorite classes I have ever taken. I have always wanted to be an entrepreneur and this class is giving me the right entrepreneurial mindset that can lead me to a successful path. It is true that sometimes it gets overwhelming with the amount of work and the other classes, but if you want to become an entrepreneur in your future, this is definitely a class that I would recommend.
3)
Three tips I would offer next semester's student would be to always work ahead even if it gets extremely hard due to the homework and studying of other classes. Always look in your assignments what exactly it is that we have to do and when the famous cupcakes are due since a lot of people think they are due at midnight even if they are due in the afternoon. Always to remember why you took the class in the first place also helps since if entrepreneurship is your passion, you will never be annoyed of doing the work and you will end up enjoying taking this class.

12 A

1)
 For this assignment, I will pick the segment of people living between fifteen and forty-five minutes away from Luxembourg City. They also have to drive every morning to the City, due to the location of their schools or work which would bring them automatically to traffic jams before entering the city. Since my service is to eliminate any sort of traffic, by providing the constructions of trams, I believe these people would fit exactly into my segment.
2)
I interviewed three people that I went to High School with and work now in Luxembourg City or go the University of Luxembourg which has its Law school located there.
Interview 1:
I interviewed my old middle school friend, Bruno, who is working now for a bank in Luxembourg from Monday to Fridays from 8 am to 5 pm.
Interview 2:
I interviewed my old soccer teammate Thiago, who is studying Law at the Law School in Luxembourg City and has to drive three times a week from his hometown in order to get to school. He lives about thirty minutes away from the school.
Interview 3:
I interviewed my best friends older sister, Debbie, she lives in a town called Stadtbredimus, which is about fifty minutes away from Luxembourg City and has to drive every day except Sundays to the city, since she just opened her first clothing store there.
3)
After interviewing the three people and having long and detailed discussions with them, I found out that the three of them realized the need of a tram, the moment when they would stop driving and just sit in their cars for over twenty minutes waiting until traffic jams would release by themselves at some points. According to the interviewers, traffic always begins when they are between five and ten minutes away of approaching the city. From there on, cars just move at an average speed of ten miles per hour. This phenomenon starts apparently at 7 am in the morning and starts reducing at 9 am. It starts again from 4 pm to 7 pm when most of the people are done with work or school. 
4)
The moment my interviewers realized that they are stuck in traffic, the first thing they do is pull their phones out to see how long the traffic jam is gonna last and call their friends or co-workers to let them know that they might arrive fifteen to thirty minutes late. Some of them also put on various radio stations to see if anyone has more recent news about the duration of the traffic jams or if it even was an accident and the traffic will take longer time than it usually does.
5)
I learned about these interviews that even though the three of them have extremely different jobs and go to the city for different reasons, they all get stuck into traffic and all of them would love to put an end to this dilemma. They are tired of arriving to work late they would be thrilled if this issue would be finally solved. I also learned that sometimes, Bruno just wakes up earlier than usual and is at his office already 6 am. By doing this he does not get stuck in traffic during rush hours and he leaves the office a bit earlier. With the constructions of the trams, he could sleep an hour longer which he would definitely enjoy, but before that happens he will continue with his customized schedule. Sadly, people like Thiago could not do the same thing since his classes start at 8 am and waiting two hours before classes start is not very interesting.
6)
As far as I am concerned, I would describe this segment in terms of need awareness and information search extremely equal. By saying this, I mean that most of the people including in this segment know when they are going to be stuck in traffic, even though they all might go to different places in the city. They also perform the same information search, since they are all stuck in a car when they are in traffic, which means that  the only way they can gather some information about their situation is doing some research on their phones, listening to the morning news on the radio and maybe call a co-worker that they will arrive late.

11 A

1)

 My name is Alexandro Garavito. I am a twenty-year-old student at the University of Florida. I was born in Bogota, Colombia, but I moved to Luxembourg when I was only eight months old. I was raised in Luxembourg and finished my High School there. I learned the three official languages Luxembourg has which are French, German, and Luxembourgish. I am also fluent in Spanish since we talk Spanish at home. Later on, in High School, I learned English, which I have been practicing ever since I decided to go to the University in the United States. I first did a year and a half in a Community College in Orlando and then I transferred last semester to the University of Florida. I have had a business idea over a few years which I have been planning to pursue in the future, that would be eliminating traffic jams in major cities. I grew up in a town in Luxembourg which is called Mondorf-Les-Bains. It was a beautiful town with only a thousand residents. Sadly, when I was done with middle school, I entered High School, which was located in downtown Luxembourg. It was only a twenty minutes’ drive away but since most of the High Schools in Luxembourg are located in downtown, the bus I had to take would sometimes take about an hour to arrive due to traffic jams. I was stressed since I came late to exams or class. A few years ago, Luxembourg decided to construct the LuxTram in order to decrease the level traffic jams and it has been a success.

By the time I finished High School, the LuxTram was still under construction, but I believe that there are still other countries who are suffering the same traffic jam problems as Luxembourg did over years.

2)

My business idea is to eliminate any form of traffic in major cities by the construction of trams that would bring people to the hotspots of the city while they can leave their cars outside the city in parking buildings. I believe that the famous quote of "time is money" is true, and I know for a fact that people perform on their jobs or on their studies better if they arrive on time without having dealt with some sort of traffic jam stress in the morning.

3)

I am offering this service to all the people who live in any major city and to the people who live between fifteen and forty-five minutes away from a major city. People that already live in a major city could just take the tram to go to their work, schools, supermarket, or social places. People who not live in downtown but have to drive there every morning since their office is there or because their children go there to school could just leave their cars in the parking houses outside the city and the take the corresponding tram to their destinations.

4)

As far as I am concerned, I believe that customers care since this service would be able to get them to places as fast as possible. They could sleep an hour longer and they would be able to get every day to their destination without getting stressed out in the morning or on their way home.

5)

I would say that since I experienced the traffic jam issue for seven years of my life and I also experienced how this issue was solved, this would make me an expert for finding a solution in other major cities. My knowledge of various languages is also an important factor when choosing the adequate company to build the Tram. I believe that the company chosen for such a project can be a multinational company and with the advantages of the languages I know and with relations in Europe and the United States, I believe that I could find the right company for the job.