After the lesson and power point presentation (I don't recall the day, I know I'm far behind but better late than never) I did a little research on the dot-com companies and how the dot-com bubble burst. During the late 1990s and the beginning of 2001 is where electronic commerce were all the rave and anyone wanted to be a part of it, investor put a lot of money into these operating companies that worked online. Companies wanted to be BIG fast. I mean really fast like WebVan $375 million in IPO and what the power point mention about Pets.com. Even Amazon stepped in, in 1994. Then Boom! Many companies were overvalue for its worth. The problem? I think it's because most of these companies and investors ignored signs of problems within the company -such as rules of investing, studying market trends and the big one - reviewing the companies business plan. To me, I think these companies were in love with the idea of something new. "lets created, something new", with it's product, but no actually plans to really have a well thought and outline plan of even basic questions like, who, when, what, how, and why for this [what the company is selling] will work.
I read an article it had to do with something about Internet Bubble 2.0. e-commerce is like a day in the past, move over and bring some social media. Facebook, Twitter, LinkedIn and Groupon are the new rave.
Thursday, February 27, 2014
Guest Speaker: Bruce Kendall
I think Bruce Kendall has to be one of the most interesting presentation out of the ones we had. I think it's because I also have so much pride to be in Washington. Great business like Boeing, Amazon, and of course Microsoft all came from Washington. Before the presentation I knew that economic development is an ongoing processes for United States in general and it has become more have a hassle to keep U.S companies in the U.S, now that were facing globalism since outsourcing is such a breeze.
I did I study way be in my freshman year of high school about outsourcing. I remembered my opinion about outsourcing was very negative, just like what I think Bruce Kendall implied. However, I still think outsourcing would be furthest thing I would what to do for my company -I understand that it's not a black and white decision. Like everything else, there's pros and cons. What Kendall is trying to do is to keep companies that are already here to stay here and persuading them and finding resources for these companies to stay and help our economy instead of giving it to China and Taiwan to name a couple of big players. Especially in Shenzhen, China. It was like a ghost city and now in a matter of years, maybe even months, all those factories because of cheap materials and labor.
What I found to be most interesting is Kendall wasn't talking about outsourcing to different counties. No, he was talking about Washington state in general. He touched based about economic clusters especially in Seattle. Just like I mention earlier, all those company like Microsoft and Amazon they're all in the King County. What about Pierce County? I admit, I never thought about having my business or heard of anything well known business that originated or is still in Pierce County. Even statistically speaking, crime rates and poverty shows that Tacoma was the highest rate compared to Seattle. That's what Kendall wants to stop investors and business owners to see past all of the "statistics". I never thought that Tacoma is in competition with Seattle in placing companies, but now I understand that there is a cluster and by spreading it out to Tacoma helps Tacoma, economically.
Wednesday, February 19, 2014
Mission Impossible
All in One Card
Using actual cash and carry a bunch of card is a thing in
the past. The future for consumers is now. All in ONE wants to provide a
universal card that stores all your cards from credit cards, debt cards,
loyalty cards and even gift cards. It’s fast, easy, declutters making it
efficiently effective for everyday lifestyle. All in ONE is for those who likes
to keep it traditional and carry at least ONE card and for those who seize the
future now and dish the all cards.
Forgot your card at home? Don’t worry! All in ONE
application will allow you to pay with your mobile device. It has the ability
to have options for users to use either any smartphone mobile device or their
All in One Card. It lightens the load of users wallets and simplifies the
essence of everyday purchases for anyone and everyone has cards. Whether if
it’s a credit card, ATM cards, reward card and even gift cards. All in One Card
and/or smartphones can replace them all.
Mission Statement in short:
·
To be innovative with efficiency and
effectiveness
·
To make everyday life simple to be enjoyable
·
To be easily accessible that an All in ONE is in
every wallet
Wednesday, February 12, 2014
Rough Plan but I'm going for it
***When stated "we" and "our" it refers to the company as a whole All in ONE Card. When stated "you", "your", "yours", and "user" it is use interchangeable for consumers who bought or is considering in buying the product.
All in ONE Card is an application that connects your phone
with one card all via a low battery Bluetooth signal. That one card can store
all card information such as credit cards, ATM cards, loyalty reward card and
even gift cards. Your All in One Card will come with a small device that attach
do you smartphone by the earphone plug. Once you have your All in One Card, all
you have to do is download the application onto your smartphone and plug the
device to your phone. Take a front and back picture of your card and slide the
card through the device and now your information is stored to your phone and on
your card. You can all as many cards as your hearts’ desire. To use the card,
simply of a push of a button displayed on the card, showing what card you want to
use, press a lock button, then swipe or tap it away like any other card. Best
part of the application? If you forget your card at home, just pay with your
phone! With the ALL in One Card application you can also access your cards and
pay for merchandise through your phone. The card itself will deactivate when
your phone is away from the card within 30 feet.
What is the card?
All in One Card is a digital card that holds all cards
information with a touch of a button. On the front screen of the card, users
can see what card they are using and see the barcode on the card (if the card
does not have a magnetic stripe). There’s also a number pad to put in PIN codes
to lock and unlock, activate and deactivate. On the backside, that has a unique
identification number, a small square for “tap-in” transactions and a magnetic
stripe for swipe transactions.
Note: The unique identification number does not contain
personal financial information. It is simple for lost and found. If someone
happen to find a lost All in One Card, she/he can simple go on our website,
enter the numbers and we will notify the owner.
When someone finds the card and
enters the number on our website under lost and found, we will email her/him a
printable shipping label to send to us, which we then send to the owner. As a
reward to the finder; we will send a coupon for 20% off the All in One Card.
Why use All in One Card?
It’s fast, easy, declutters making it efficiently effective
for everyday lifestyle. It the ability to have options for users to use either
the just the smartphone mobile deceive or their All in One Card. It lightens
the load of users wallets and simplifies the essence of everyday purchases for
anyone and everyone has cards. Whether if it’s a credit card, ATM cards, reward
card and even gift cards. All in One Card and/or smartphones can replace them
all.
Why a card and not just jump straight into mobile
application?
Sometimes people are scared of the new innovations of
technology. Paying everything with just your phone might sound scary to others
who are afraid of change. Then there are other people who need that tangible
item like a card to feel “safe”. With the All in One Card anyone can transition
from using one card to just using your phone.
Security?
At All in One Card, we understand that security of personal
information is important. If you loose your card or step away from users card
for more than 30 feet, it will notify you via text-message that you are too far
away from the card. It will give you two warnings that it will deactivate and
the card can no longer be in use. However, to reactivate the card, just go on
the app and enter your own PIN number that you created.
Another security is, all cards such as credit cards and ATM
cards have to be under your name only. Users cannot add cards that they do not
own (All in One is looking to work with financial-data service that are
licensee of the TRUSTe Privacy Program such as Yodlee). Along with password
protection, all information will be encrypted so security will be enhanced.
However, All in One does not promise that it is immune to security threat, it
is meant to improve security for our users as best as possible.
Today, we all know smartphone have some sort of GPS system
attached, or at least should. Thus, making it easier to track if you lost your
phone or left your card behind than with traditional cards left in your wallet.
Stated in the previous section, All in One Card and application will also
notify you every time you make a transaction. So if users see something they
didn’t buy they can deactivate the card and call their card provider.
What happens when the card is broken?
There will be a three year limited warranty on the card for damages
and for the worn off magnetic strip.
Warranty does not cover water damage or stolen card (follow the
Federal Warranty Law code).
How we (the company) make profit?
The card and the plug in device will cost $90 plus shipping.
Using your smartphone with the ALL in One application for a purchase will be a
15-cent charge per transactions. Insurance for the card are also available.
Subscribe to:
Posts (Atom)