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My Own Current Contribution Of The Venture Creation During Group Meetings

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This essay will mainly discuss my own current contribution in the venture creation during group meetings. It will be divided into two parts. The first part will describe how I performed in the team exercise of creating an effectual business idea in details by using each principle of effectual entrepreneurship. The second part will discuss my thoughts, means, my positive impact on our business idea, what I have learnt and what should I improve to get myself ready for the next new effectual business.

Our group had 4 meetings in the lectures and I had participated all the meetings. I am going to illustrate the process of how we build an entrepreneurial venture using effectual logic. Our first meeting was in the lecture, I found my group …show more content…

Mine was about holding an international league football match in Reading. This was because I found many students like to play football in the UK. I thought we knew many students in the union. We could use our interpersonal relationship to let more people know about our business. For the partnership, I thought we could make partnership with Sportsspark in order to rent the football field. I shared my idea with other people. They said it is a nice idea, but we need more ideas to compare. Then Rami shared his thought about swimming pool party. He told us he knows a swimming pool in Berkshire, which is the perfect place for the party. And his best fiend is a DJ. So it is free for the party. Then I said I would go to other swimming pools and compare the environment and the price of all the swimming pools within Berkshire. For other partnerships, I suggested that we could make a partnership with the student union. They might be able to help us to spread our party to attract more students to join. I also told them I know the wholesaler of water toy. We could buy water toys in a cheap price. Yanlin and Rami agreed with my opinion. At the end of this meeting, we decided that we would do swimming pool party venture.

One week after, we had a discussion again. We continually discussed about how we can create a swimming pool party using an effectual logic. Yanlin said he knows the president of the Chinese student union,

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