The Prototype Works! Yesterday was the first time I got to actually test out our prototype. I wore it to soccer practice, it was an indoor practice so I was a little warm wearing it. But today really tells me that it worked. My entire core is sore. It feels like I did an ab workout for hours yesterday. I love this feeling and love how our product worked! I did not feel that it slowed me down at all in practice, I felt it kept me more secure and less vulnerable to injury. Great work Casey and Barb! Cant wait to wear it again!!!
Read More …
This week we had the opportunity to have Jasmine come into our class and teach us about pitching. Through both my entrepreneurship classes as well as my participation in SIFE (Students in Free Enterprise- an organization on campus that is creating social change through business) I have had quite a few different pitch and presentation work shops. This one was laid out differently and was much more straight forward then the other ones. All of the other pitch workshops the teachers focused on "doing what is right for your venture" were Jasmine was better at being more specific of what we actually need to do. I liked that she gave us the statement:
Read More …
"We create___that does____which solves____for ____."
And I can see the value in actually putting it one the slide. Her presentation was very clean and I felt that she knew what she was talking about which added to the credibility of the presentation and made me want to do what she recommended.
This week was our final advisory meeting. It was not the most productive but it was very good to see we were on the right track. The advisors showed us that we are on the right track with our supply chain. We have now developed two different supply chains, one for year one when we will be manufacturing in Canada and then for year two and beyond we will be manufacturing over seas. By manufacturing overseas we must identify the risk and rewards associated. Some of the risks include: lack of quality control from one of the founders, risk of having the designs stolen, uncertainty with the manufactures as well as decreased ability to give feedback and make adaptions to the product. But it could end up being significantly cheaper and it is easier have mass production. By keeping production in-house for the first year we will be able to get rid of any of the "kinks" or issues that will arise. That way by the time we send the design over seas it will be clean and not need any adaptions.
Read More …
Our year one financials needed some small changes. Erik and Jon gave us some insight into things that I hadn't thought about before. This was very helpful because there experiences have shown things that I wouldn't have other wise thought about. Our board has been amazing and has given us such great help and insight.
This week was very busy with other classes as well as having some personal health issues, which put me very behind. I got very confused by some of the financials, they were more extensive then I felt I had the ability to finish. I was also un-sure of what was required because the spreadsheet from the University of Colorado is very extensive.
Read More …
This was also our second blog review, which unfortunately Matt had to go to all by himself. I also discovered that although I had delegated the one page project plan to another member and had reminded him to finish and post it, it didn't get done. This was very frustrating as I could have easily had it finished and posted long before the second blog review.
Learning about the financials was educating, and looking at the different spreadsheets was cool to see how in-depth and advanced they are. It was pretty cool.
What does compression sports wear actually do?
There are several things that it actually does for athletes. It keeps muscles warm in order to reduce muscle straining, reduces chafing, and offers padding in various areas. Many athletes believe that it increases their performance.
It is known through research and personal communication with people directly in the industry that the technology behind compression wear is continually evolving, and by just changing the weave of the product, can produce a completely different outcome for the products use. Technology in compression wear is very important, and according to our personal communication many large companies like Under Armour create poor compression wear and it is only due to their marketing why the company does so well.
It is going to be very important to find research and proper technology for Nyx's product.
Read More …
There are several things that it actually does for athletes. It keeps muscles warm in order to reduce muscle straining, reduces chafing, and offers padding in various areas. Many athletes believe that it increases their performance.
It is known through research and personal communication with people directly in the industry that the technology behind compression wear is continually evolving, and by just changing the weave of the product, can produce a completely different outcome for the products use. Technology in compression wear is very important, and according to our personal communication many large companies like Under Armour create poor compression wear and it is only due to their marketing why the company does so well.
It is going to be very important to find research and proper technology for Nyx's product.
