Monday, May 11, 2009
I Believe I Deserve. . .
I believe I deserve a grade of “A” in INDS430 not because of a cumulative average of assignment grades, but because of my proved demonstration of applied class concepts and future ability to apply such lessons. Acting as CEO of RandomRacing, I was required to use lessons learned from HTWAIP in dealing with my employees, budget and marketing components in managing finance reports, key components of an effective presentation, and most importantly, genuine passion for entrepreneurship.
Monday, May 4, 2009
Monday, April 27, 2009
Business Executive Summary
RandomRacing Motorsports Park is Maryland’s only full road track and first private racetrack with a 3-mile course, including a quarter mile straight and a separate triple skid pad. Park grounds will also include outdoor areas to work on cars and grill. In addition, eighty sectioned garage spaces will be available for “Silver” members, and twenty garage spaces with tools and lifts for “gold” members. The track will be open from April to November for members, Tuesday threw Sunday, (Mondays for certain events or holidays) and to automotive clubs, organizations, and alternative events upon reservation.
Future plans for RandomRacing Motorsports Park include the construction of clubhouse for members, fitted with lounges, bars, dining rooms, a pool, and a repair/maintenance/installation shop. The shop will also offer service to members and the general public alike for secondary sources of revenue and will also be an authorized performance parts distributor as well. Upon establishment, both the clubhouse and shop will be open year-round.
Keys to Success:
- RandomRacing is the only road course in Maryland.
- Membership fees are lower than that of standard golfing country clubs.
- Membership fees provide constant revenue, regardless of track usage.
Risk Factors and Solutions:
- Limited real estate conforming to noise and environmental standards
- Land is available in Western Howard County. In addition, extra funding will lead to numerous land purchasing opportunities.
- Expensive track construction and maintenance.
- Our consistent revenue sources will lead to high profits, causing RandomRacing to cross into the black in the fourth year.
- Safety issues and injuries may result in financial obligation or worse. -Full time EMS, waivers and legal team.
Member biographies:
Brian Bell, CEO of RandomRacing, is currently majoring in Interdisciplinary Studies with focus in business and film at UMBC. He has been building and racing cars as a hobby for five years, and originally started planning RandomRacing three years ago. In addition to cars and film, Brian is very passionate about music and has played competitive piano for 12 years.
Alex Witkin, CFO, will receive a Bachelor of Arts degree in Japanese American Automotive Studies from UMBC in May 2009. Alex has a vast knowledge of automotive performance products gained through over six years of involvement with the hobby, including independent observations of the operations of other similar facilities and three years running the current online iteration of Brainchild Customs. Their show car, a 2002 Subaru Impreza WRX, has won over 75 awards at the premier national import shows. It has also been featured on FOX news, SPEEDtv, in Import Tuner magazine, and has an upcoming cover feature in Super Street. The vehicle is currently being used as a marketing tool for Brainchild Customs and serves as a rolling showcase of the types of innovative ideas, products, and services that the business provides. The networking and relationships formed through this success with the Subaru will be a source of advantage for RandomRacing.
Patrick Halter, Marketing Director, is a part time UMBC student majoring in interdisciplinary studies with a focus in sports management. Moreover, he is a full time account executive for an industry leading promotional products company outside of Washington, DC. Patrick’s interests include fishing, boating, sports, and traveling. He is also not afraid to mention that he is a life long New Orleans Saints fan.
Shane Yap, Director of Operations, is also student at UMBC. Taking classes such as the American Entrepreneur in the 21st century gives Shane insight on how a new business can rise above and become successful. Also a member of the tennis team, he is able to work well with others and collaborate to get certain goals accomplished. Designing his own business, The Campus Laundry Service, Shane has gained valuable knowledge in producing a service to his customers, making them his number one priority.
Alex Broadwater, Director of Research & Development, is a senior and interdisciplinary studies major at UMBC. He recently concluded his wrestling career at UMBC as a 3X All-American and the school's first National Champion in the sport. Upon graduation, Alex will launch a music arranging and publishing company while coaching wrestling at Catonsville High School, his alma mater.
Financial Projections:
Random Racing presents investors with an enormous potential for future returns. The main reason for the assured financial success of Random Racing lies with the private membership dues, which total $5,100,000 annually. Although the business requires a large amount of start-up capital it is expected that the break-even point will come during year 4. Initial expenses in year 1 will be $18,545,168.22 and include the majority of all start-up and build out costs. By year 2 the business will show a profit of over $4 Million and debts will be paid off by year 4. In the break-even year, the business expects to earn profits of $632,971.74 and the following year over $5 million.
Future plans for RandomRacing Motorsports Park include the construction of clubhouse for members, fitted with lounges, bars, dining rooms, a pool, and a repair/maintenance/installation shop. The shop will also offer service to members and the general public alike for secondary sources of revenue and will also be an authorized performance parts distributor as well. Upon establishment, both the clubhouse and shop will be open year-round.
Keys to Success:
- RandomRacing is the only road course in Maryland.
- Membership fees are lower than that of standard golfing country clubs.
- Membership fees provide constant revenue, regardless of track usage.
Risk Factors and Solutions:
- Limited real estate conforming to noise and environmental standards
- Land is available in Western Howard County. In addition, extra funding will lead to numerous land purchasing opportunities.
- Expensive track construction and maintenance.
- Our consistent revenue sources will lead to high profits, causing RandomRacing to cross into the black in the fourth year.
- Safety issues and injuries may result in financial obligation or worse. -Full time EMS, waivers and legal team.
Member biographies:
Brian Bell, CEO of RandomRacing, is currently majoring in Interdisciplinary Studies with focus in business and film at UMBC. He has been building and racing cars as a hobby for five years, and originally started planning RandomRacing three years ago. In addition to cars and film, Brian is very passionate about music and has played competitive piano for 12 years.
Alex Witkin, CFO, will receive a Bachelor of Arts degree in Japanese American Automotive Studies from UMBC in May 2009. Alex has a vast knowledge of automotive performance products gained through over six years of involvement with the hobby, including independent observations of the operations of other similar facilities and three years running the current online iteration of Brainchild Customs. Their show car, a 2002 Subaru Impreza WRX, has won over 75 awards at the premier national import shows. It has also been featured on FOX news, SPEEDtv, in Import Tuner magazine, and has an upcoming cover feature in Super Street. The vehicle is currently being used as a marketing tool for Brainchild Customs and serves as a rolling showcase of the types of innovative ideas, products, and services that the business provides. The networking and relationships formed through this success with the Subaru will be a source of advantage for RandomRacing.
Patrick Halter, Marketing Director, is a part time UMBC student majoring in interdisciplinary studies with a focus in sports management. Moreover, he is a full time account executive for an industry leading promotional products company outside of Washington, DC. Patrick’s interests include fishing, boating, sports, and traveling. He is also not afraid to mention that he is a life long New Orleans Saints fan.
Shane Yap, Director of Operations, is also student at UMBC. Taking classes such as the American Entrepreneur in the 21st century gives Shane insight on how a new business can rise above and become successful. Also a member of the tennis team, he is able to work well with others and collaborate to get certain goals accomplished. Designing his own business, The Campus Laundry Service, Shane has gained valuable knowledge in producing a service to his customers, making them his number one priority.
Alex Broadwater, Director of Research & Development, is a senior and interdisciplinary studies major at UMBC. He recently concluded his wrestling career at UMBC as a 3X All-American and the school's first National Champion in the sport. Upon graduation, Alex will launch a music arranging and publishing company while coaching wrestling at Catonsville High School, his alma mater.
Financial Projections:
Random Racing presents investors with an enormous potential for future returns. The main reason for the assured financial success of Random Racing lies with the private membership dues, which total $5,100,000 annually. Although the business requires a large amount of start-up capital it is expected that the break-even point will come during year 4. Initial expenses in year 1 will be $18,545,168.22 and include the majority of all start-up and build out costs. By year 2 the business will show a profit of over $4 Million and debts will be paid off by year 4. In the break-even year, the business expects to earn profits of $632,971.74 and the following year over $5 million.
Sunday, April 12, 2009
Assignment 10: Final First Year Budget

Due to zoning laws, noise restrictions, and obvious safety issues, legal advising and company attorney(s) are a significant part of the budget. An accountant, whether under my company or from an accounting firm, is given a consistent salary (because honestly, I really dislike accounting).
During the first month, construction is the primary usage of the first year budget. While the shop could be constructed in the first month and begin to generate revenue the second month, the track and clubhouse will take longer to construct and start business.
In the winter, clubhouse and track staff are cut in half because the main source of money would come from the shop that does regular maintenance for all customers (members or not) because winter is not racing season. Come springtime going through early fall (racing season), more staff are brought on to work in the clubhouse and on the track, and all three branches go up in profit.
Sunday, April 5, 2009
Assignment 9: Be a Leader (The Sequel)
Background Information:
Saturday April 4th was UMBC's New Student Day. The day before that, UMBC had a program where current students on campus host a potential out-of-state student. The program began on Friday at 3pm. The hosts met their students at the undergraduate admissions and orientation office, helped bring their stuff to our dorms/apartments, went to a seminar by Freeman Habrowski, then there were a series of events planned until midnight. The students then spent the night at their host's residence, and the next morning the hosts brought them to the RAC for New Student Day.
1) I went to the Admissions office on Thursday to get the "Host" t-shirt, schedule of events, and to sign a contract. By using HTWFAIP methods from earlier in the book, I found out that four of the hosts actually backed out and the woman in charge (Danielle) was having serious difficulties finding people to replace them. I offered to help her find people, and by praising their people skills, asking if they wanted to get more involved in extra curriculars, and giving them a good reputation to live up to, I got two of my friends on campus to not only get interested in the program, but within an hour after I left the office, they had both gone and me with Danielle.
2) The whole purpose of the hosting program is to show the prospective student different aspects of UMBC and campus life so that they will be more interested in attedending the university. While taking my student, Cangun (how sweet of a name is that?!), on a tour and to all the events, I talked about my freshman experience and the mistakes I made, asked questions about what he wanted to study and why UMBC, praised every effort to memorize information and directions, and asked which events he wanted to attend rather then forcing him to attend certain ones. And in the morning, he actually told me he was now set on UMBC!
Saturday April 4th was UMBC's New Student Day. The day before that, UMBC had a program where current students on campus host a potential out-of-state student. The program began on Friday at 3pm. The hosts met their students at the undergraduate admissions and orientation office, helped bring their stuff to our dorms/apartments, went to a seminar by Freeman Habrowski, then there were a series of events planned until midnight. The students then spent the night at their host's residence, and the next morning the hosts brought them to the RAC for New Student Day.
1) I went to the Admissions office on Thursday to get the "Host" t-shirt, schedule of events, and to sign a contract. By using HTWFAIP methods from earlier in the book, I found out that four of the hosts actually backed out and the woman in charge (Danielle) was having serious difficulties finding people to replace them. I offered to help her find people, and by praising their people skills, asking if they wanted to get more involved in extra curriculars, and giving them a good reputation to live up to, I got two of my friends on campus to not only get interested in the program, but within an hour after I left the office, they had both gone and me with Danielle.
2) The whole purpose of the hosting program is to show the prospective student different aspects of UMBC and campus life so that they will be more interested in attedending the university. While taking my student, Cangun (how sweet of a name is that?!), on a tour and to all the events, I talked about my freshman experience and the mistakes I made, asked questions about what he wanted to study and why UMBC, praised every effort to memorize information and directions, and asked which events he wanted to attend rather then forcing him to attend certain ones. And in the morning, he actually told me he was now set on UMBC!
Assignment 9: Revised RandomRacing First Year Budget

Due to zoning laws, noise restrictions, and obvious safety issues, legal advising and company attorney(s) are a significant part of the budget. An accountant, whether under my company or from an accounting firm, is given a consistent salary (because honestly, I really dislike accounting).
During the first month, construction is the primary usage of the first year budget. While the shop could be constructed in the first month and begin to generate revenue the second month, the track and clubhouse will take longer to construct and start business.
In the winter, clubhouse and track staff are cut in half because the main source of money would come from the shop that does regular maintenance for all customers (members or not) because winter is not racing season. Come springtime going through early fall (racing season), more staff are brought on to work in the clubhouse and on the track, and all three branches go up in profit.
Assignment 9: Revised Financing Sources
The best option for financing the creation of a racetrack would most likely be either a car manufacturer, car part manufacturer, or other large company who could benefit from putting their name on something that would get a lot of event and media attention (although in recent economic times, a car manufacturer would be less favored to provide funding). With colaboration with public and club events, and hopefully the incorporation of bigger events such as NOPI, Formula 1, Formula D, and NASCAR road racing, funding for the shop and track could be financed by larger corporations. And should financing not be provided for the clubhouse on the track grounds, a bank loan could be used after generating significant revenue from the track and shop (in the event that not enough profit has been made to construct and finance a clubhouse).
Greddy Performance Products
9 Vanderbilt, Irvine CA 92618
Tel: (949) 588-8300 FAX (949) 588-6318
info@greddy.com
Monster Energy
Jason McCormick (Monster Army)
Greddy Performance Products
9 Vanderbilt, Irvine CA 92618
Tel: (949) 588-8300 FAX (949) 588-6318
info@greddy.com
Monster Energy
Jason McCormick (Monster Army)
P.O. Box 8500
Corona, CA 92878-8500
Tire Rack
888-541-1777 (USA) or 574-287-2345
FAX 574-236-7707
7101 Vorden Parkway
South Bend, IN 46628
USA
Tire Rack
888-541-1777 (USA) or 574-287-2345
FAX 574-236-7707
7101 Vorden Parkway
South Bend, IN 46628
USA
Monday, March 30, 2009
Assignment 8: Be a Leader
Last Saturday, the UMBC orientation team held group interviews for those interested in different parts of the orientation process. All the applicants were broken into three separate groups, and groups would cycle through three different activities which included a session on priorities, problem0-solving, and general questions to be expected from freshman. While the groups collaborated to work through the different activities, those in charge of the orientation process and previous orientation team workers observed us and took notes.
Not only did I want to establish the fact that I was qualified for the positions I applied for, I wanted to demonstrate leadership in order to create an impression on the observers and be one of the first names they thought of when deciding who to invite back for one-on-one interviews. I did so by praising group members for their ideas and efforts, trying to make the environment more relaxed and uplifting by creating lighthearted converstation and joking around, never telling people what to do but instead asking why they chose to do things the way they did, praise not just result but teamwork, and never ever ridiculing a fellow applicant. Aside from HTWFAIP methods, I made an effort to answer every question that was asked, introducing myself to the observers, and asking them a lot of questions about the positions and their previous experiences.
Not only did I want to establish the fact that I was qualified for the positions I applied for, I wanted to demonstrate leadership in order to create an impression on the observers and be one of the first names they thought of when deciding who to invite back for one-on-one interviews. I did so by praising group members for their ideas and efforts, trying to make the environment more relaxed and uplifting by creating lighthearted converstation and joking around, never telling people what to do but instead asking why they chose to do things the way they did, praise not just result but teamwork, and never ever ridiculing a fellow applicant. Aside from HTWFAIP methods, I made an effort to answer every question that was asked, introducing myself to the observers, and asking them a lot of questions about the positions and their previous experiences.
Assignment 8: Revised RandomRacing First Year Budget

Due to zoning laws, noise restrictions, and obvious safety issues, legal advising and company attorney(s) are a significant part of the budget. An accountant, whether under my company or from an accounting firm, is given a consistent salary (because honestly, I really dislike accounting).
During the first month, construction is the primary usage of the first year budget. While the shop could be constructed in the first month and begin to generate revenue the second month, the track and clubhouse will take longer to construct and start business.
In the winter, clubhouse and track staff are cut in half because the main source of money would come from the shop that does regular maintenance for all customers (members or not) because winter is not racing season. Come springtime going through early fall (racing season), more staff are brought on to work in the clubhouse and on the track, and all three branches go up in profit.
Assignment 8: Financing Sources
The best option for financing the creation of a racetrack would most likely be either a car manufacturer, car part manufacturer, or other large company who could benefit from putting their name on something that would get a lot of event and media attention. With colaboration with public and club events, and hopefully the incorporation of bigger events such as NOPI, Formula 1, Formula D, and NASCAR road racing, funding for the shop and track could be financed by larger corporations. And should financing not be provided for the clubhouse on the track grounds, a bank loan could be used after generating significant revenue from the track and shop (in the event that not enough profit has been made to construct and finance a clubhouse).
HondaRacing
American Honda Motor Co., Inc.
1919 Torrance Boulevard
Mail Stop: 500 - 2N - 7D
Torrance, CA 90501-2746
Monster Energy
Jason McCormick (Monster Army)
HondaRacing
American Honda Motor Co., Inc.
1919 Torrance Boulevard
Mail Stop: 500 - 2N - 7D
Torrance, CA 90501-2746
Monster Energy
Jason McCormick (Monster Army)
P.O. Box 8500
Corona, CA 92878-8500
Sunday, March 22, 2009
Assignment 7: First Year Budget
Assignment 7: Secret of Socrates
The country club that I bartended last summer came under new management during my fall semester, therefore over the break I had to go and meet with the banquet manager, not so much to re-interview, but more to catch up and let them know what my summer schedule is looking like. The problem is, I am still trying to either get some sort of internship or at least pick up some shifts volunteering with a few different production companies and I do not know that official schedule yet. Through applying the "Secret of Socrates" from HTWFAIP, I asked the manager questions along the lines of "Don't you agree that it's especially difficult in these times to find a job?" and "don't you agree that building my resume is an important thing to do while still in school?" By asking questions like these, I got him to agree to put down a mock schedule for now until I can contact him with a more definite summer plan.
Tuesday, March 3, 2009
Sledding
The following form submission was sent. Name: Brian
URL: bbe1@umbc.edu
From: Olney, MD
Referral: Blog
VisitedTossingGames: No
Type: New Hill Submittal
State: Maryland
City: Baltimore
County: Baltimore
Land: School
Property: Public Property
Permission: Yes
Designated: No
Turf: Grass
Slope: 35 degrees
Length: 200 - 300 ft. long
Accessible: Yes
Parking: No
Texture: Smooth
Hazards: No
Crowds: Some
Photo: No
Specific Location, Comments, etc.: UMBC, between Walker Apartments and West Hill Apartments
subject: Sledding Location Submittal
URL: bbe1@umbc.edu
From: Olney, MD
Referral: Blog
VisitedTossingGames: No
Type: New Hill Submittal
State: Maryland
City: Baltimore
County: Baltimore
Land: School
Property: Public Property
Permission: Yes
Designated: No
Turf: Grass
Slope: 35 degrees
Length: 200 - 300 ft. long
Accessible: Yes
Parking: No
Texture: Smooth
Hazards: No
Crowds: Some
Photo: No
Specific Location, Comments, etc.: UMBC, between Walker Apartments and West Hill Apartments
subject: Sledding Location Submittal
Monday, March 2, 2009
Assignment 6: Enterprise Value
Microsoft‘s Curent Enterprise Value:
$172. 800,000.000
Outstanding Shares:$8.890.562,873
Single Share: $19.44
Increase: $121,000,000,000
Apple's Current Enterprise Value:
$69.640,000,000
Outstanding Shares: $890,553,729
Single Share: $78.20
Increase: $68,447,000,000
$172. 800,000.000
Outstanding Shares:$8.890.562,873
Single Share: $19.44
Increase: $121,000,000,000
Apple's Current Enterprise Value:
$69.640,000,000
Outstanding Shares: $890,553,729
Single Share: $78.20
Increase: $68,447,000,000
Assignment 6: 10 Social Interactions
Interaction 1:
I met with the head of the orientation team for Fall of 2009 when turning in my application to be a woolie. His name was also Brian. I asked several questions, none that were too detailed but enough to seem very enthusiastic. I even brought up a few ideas for Welcome Week activities that he seemed to be rather interested in.
Interaction 2:
I made sure to stay after class to talk to my management teacher in order to make sure that he knew who I was instead of just being "one of the students." I asked him several questions about his previous jobs and how he got into those fields. I followed up with telling him about my major and asked him if he was doing anything else besides teaching. Turns out he owns his own company that designs and distributes original board games.
Interaction 3:
I did not initiate this conversation, however once it began I started implenting HTWFAIP methods. My Chin102 teacher found out earlier in the semester that I was half asian and asked me about my experiences with Chinese before and which of my parents were asian. We ended up talking about each of our trips to different parts of Asia and how he learned how to speak Chinese so fluently even after he was much older than the ideal age for learning a second language.
Interaction 4:
I met with my Sci 100 group to start planning out our project, and by praising just about every idea and asking questions instead of giving orders, the feedback from the other group members was very positive, we got a lot accomplished, and they actually decided on me becoming the group leader.
Interaction 5:
After discussing ideas for our project in the previous interaction, I asked a girl in my group, Shane, if she could answer some questions about her phone for my entrepreneurship class:
Make: Apple
Model: Iphone 3G
Provider: AT&T
Uses: Calls, Texts, Voicemail, Calendar, Applications
TALC: Early Majority: she definitely wasn't one of those first in line to buy the phone when it came out, however she is still one of the relatively early people to have purchased the phone and gets new applications on a weekly basis.
Interaction 6:
I went to PG county on Friday to look at a beat-up old Nissan 240sx because I was looking for a cheaper car to fix up and take to the track. The seller, Victor, had no real extensive automotive knowledge and was trying to explain certain features of the car that were either nonexistant or wrong. Rather than call him out on it and use such tactics to get money knocked off, I tried to explain back in a way that expanded upon what he was saying and sort of corrected it in those explanations. I ended up saving $75 and only spending $650 on the car.
Interaction 7:
I ordered a meatball pasta from the commons (which takes much longer than what they normally do which is just handing a student a couple slices of pizza), so I ended up just making small talk. I asked about the history of the pizza place because there were many pictures with celebrities on the walls. She didn't know so I just asked her how her work day had been going so far. The conversation ended shortly afterwards.
Interaction 8:
Earlier in the week, I fell victim to bank fraud and over $300 was stolen from my account. While this was a horrible experience, the assitant manager of the Chevy Chase branch at UMBC was very helpful and we actually began talking about her experiences with fraud, and after i asked several questions and tried to remain as positive as i could in the situation, she gave me a lot of advice on how to protect myself from fraud in the future.
Interaction 9:
My ex-girlfriend (oh yes, I know the name, but I will not post it) called me the other night, and rather than ignore the call or seem resentful, I did my best to maintain my composure and asked her how school was going for her and what she had been up to lately. Granted I was not paying attention to anything she was saying, but it seemed that way, and the phone call ended with less drama than I anticipated. Small victory, I suppose.
Interaction 10:
I called Discovery Communications about a possible internship, and while I was not able to speak with anyone in charge directly, I asked the secretary a few questions, found out her name was Sam, and we talked for about five minutes about different people I can talk to depending on my specific interests.
I met with the head of the orientation team for Fall of 2009 when turning in my application to be a woolie. His name was also Brian. I asked several questions, none that were too detailed but enough to seem very enthusiastic. I even brought up a few ideas for Welcome Week activities that he seemed to be rather interested in.
Interaction 2:
I made sure to stay after class to talk to my management teacher in order to make sure that he knew who I was instead of just being "one of the students." I asked him several questions about his previous jobs and how he got into those fields. I followed up with telling him about my major and asked him if he was doing anything else besides teaching. Turns out he owns his own company that designs and distributes original board games.
Interaction 3:
I did not initiate this conversation, however once it began I started implenting HTWFAIP methods. My Chin102 teacher found out earlier in the semester that I was half asian and asked me about my experiences with Chinese before and which of my parents were asian. We ended up talking about each of our trips to different parts of Asia and how he learned how to speak Chinese so fluently even after he was much older than the ideal age for learning a second language.
Interaction 4:
I met with my Sci 100 group to start planning out our project, and by praising just about every idea and asking questions instead of giving orders, the feedback from the other group members was very positive, we got a lot accomplished, and they actually decided on me becoming the group leader.
Interaction 5:
After discussing ideas for our project in the previous interaction, I asked a girl in my group, Shane, if she could answer some questions about her phone for my entrepreneurship class:
Make: Apple
Model: Iphone 3G
Provider: AT&T
Uses: Calls, Texts, Voicemail, Calendar, Applications
TALC: Early Majority: she definitely wasn't one of those first in line to buy the phone when it came out, however she is still one of the relatively early people to have purchased the phone and gets new applications on a weekly basis.
Interaction 6:
I went to PG county on Friday to look at a beat-up old Nissan 240sx because I was looking for a cheaper car to fix up and take to the track. The seller, Victor, had no real extensive automotive knowledge and was trying to explain certain features of the car that were either nonexistant or wrong. Rather than call him out on it and use such tactics to get money knocked off, I tried to explain back in a way that expanded upon what he was saying and sort of corrected it in those explanations. I ended up saving $75 and only spending $650 on the car.
Interaction 7:
I ordered a meatball pasta from the commons (which takes much longer than what they normally do which is just handing a student a couple slices of pizza), so I ended up just making small talk. I asked about the history of the pizza place because there were many pictures with celebrities on the walls. She didn't know so I just asked her how her work day had been going so far. The conversation ended shortly afterwards.
Interaction 8:
Earlier in the week, I fell victim to bank fraud and over $300 was stolen from my account. While this was a horrible experience, the assitant manager of the Chevy Chase branch at UMBC was very helpful and we actually began talking about her experiences with fraud, and after i asked several questions and tried to remain as positive as i could in the situation, she gave me a lot of advice on how to protect myself from fraud in the future.
Interaction 9:
My ex-girlfriend (oh yes, I know the name, but I will not post it) called me the other night, and rather than ignore the call or seem resentful, I did my best to maintain my composure and asked her how school was going for her and what she had been up to lately. Granted I was not paying attention to anything she was saying, but it seemed that way, and the phone call ended with less drama than I anticipated. Small victory, I suppose.
Interaction 10:
I called Discovery Communications about a possible internship, and while I was not able to speak with anyone in charge directly, I asked the secretary a few questions, found out her name was Sam, and we talked for about five minutes about different people I can talk to depending on my specific interests.
Assignment 6: Additional Internet Traffic
For those with facebook, I created a Link on my page to my blog:
http://www.facebook.com/home.php?#/posted.php?id=1227720395&success
I also created a note with several people tagged, and there is a link to my blog in my AIM buddy profile.
http://www.facebook.com/home.php?#/posted.php?id=1227720395&success
I also created a note with several people tagged, and there is a link to my blog in my AIM buddy profile.
Sunday, March 1, 2009
Monday, February 23, 2009
Assignment 5: 5 Social interactions
Interaction 1: Tuesday, aprox. 4:30 pm
I am friends with three out of the four people who live next door to me so I introduced myself to their fourth roommate and after finding out what he was studying and how he liked the school, I asked him if he could help me with a quick assignment for my entrepreneurship class. He seemed happy to oblige. These were his answers:
Make: LG
Model: Dare
Provider: Verizon
Usage: Calls, Texts, Picture/Video Messaging, Alarm Clock, photo/video recording, recording dates
I asked him a couple more questions about why he bought the phone and when. It seems like he is in the early majority category because his explanation was simply that his 2 year plan was renewed and he wanted a new phone and the LG Dare "looked pretty cool." The Dare was one of LG's first two predominantly touch screen phones, however he was not looking to be ahead with any sort of 3G network phone.
Interaction 2: Thursday, aprox. 9:30
My fraternity hosted a party at a bar in Fells Point, and I went early to help set up. I spent a great deal of time talking to the manager about the bar, how often they had people host parties, and general questions like that. She actually ended up giving me tips on how to get more people to come out to the parties and how to effectively run a bar.
(showed interest, smiled, asked a lot of questions, talked about the bar, made her feel like she had a lot to teach me)
Interaction 3: Thursday, aprox. midnight
Instead of a short summary, because there were multiple cases in which I asked the same questions and acted the same way, I wanted to comment on how the last three principles from HTWFAIP are very similar to what an older brother or father would give on talking to women. And that's what I did, many times.
(seem genuinely interested, smiled, asked many questions, asked more questions based on answers, did not talk to other people when talking to her)
Interaction 4: Sunday, aprox. 10:30 am
I went to Summit Point Motorsports Park for an event and ended up talking to the private photographer for about fifteen minutes. I told him I was partially in the film program at my school and he talked to me a lot about previous events he has been to and how he runs his business.
(showed interest, smiled, encouraged elaboration on his business)
Interaction 5: Sunday, aprox. 2:30 pm
Also at the race event, I talked to one of the event models. I found out that she actually has her own car that she like to work on and take to events such as this, but because of the type of race she was not on the track. I also found out that she attends communitiy college and gets payed to model for events and for private shoots.
(definitely showed interest, smiled a lot, seemed very interested in her and her car)
Conclusion? I really need to work on remembering names.
I am friends with three out of the four people who live next door to me so I introduced myself to their fourth roommate and after finding out what he was studying and how he liked the school, I asked him if he could help me with a quick assignment for my entrepreneurship class. He seemed happy to oblige. These were his answers:
Make: LG
Model: Dare
Provider: Verizon
Usage: Calls, Texts, Picture/Video Messaging, Alarm Clock, photo/video recording, recording dates
I asked him a couple more questions about why he bought the phone and when. It seems like he is in the early majority category because his explanation was simply that his 2 year plan was renewed and he wanted a new phone and the LG Dare "looked pretty cool." The Dare was one of LG's first two predominantly touch screen phones, however he was not looking to be ahead with any sort of 3G network phone.
Interaction 2: Thursday, aprox. 9:30
My fraternity hosted a party at a bar in Fells Point, and I went early to help set up. I spent a great deal of time talking to the manager about the bar, how often they had people host parties, and general questions like that. She actually ended up giving me tips on how to get more people to come out to the parties and how to effectively run a bar.
(showed interest, smiled, asked a lot of questions, talked about the bar, made her feel like she had a lot to teach me)
Interaction 3: Thursday, aprox. midnight
Instead of a short summary, because there were multiple cases in which I asked the same questions and acted the same way, I wanted to comment on how the last three principles from HTWFAIP are very similar to what an older brother or father would give on talking to women. And that's what I did, many times.
(seem genuinely interested, smiled, asked many questions, asked more questions based on answers, did not talk to other people when talking to her)
Interaction 4: Sunday, aprox. 10:30 am
I went to Summit Point Motorsports Park for an event and ended up talking to the private photographer for about fifteen minutes. I told him I was partially in the film program at my school and he talked to me a lot about previous events he has been to and how he runs his business.
(showed interest, smiled, encouraged elaboration on his business)
Interaction 5: Sunday, aprox. 2:30 pm
Also at the race event, I talked to one of the event models. I found out that she actually has her own car that she like to work on and take to events such as this, but because of the type of race she was not on the track. I also found out that she attends communitiy college and gets payed to model for events and for private shoots.
(definitely showed interest, smiled a lot, seemed very interested in her and her car)
Conclusion? I really need to work on remembering names.
Sunday, February 22, 2009
Monday, February 16, 2009
Assignment 4: Enterprise Value
Apple:
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=54,215,332 * 22 -9,353,870
= $1,183,383,434
Microsoft:
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=3,095,000 * 22 -0
= $68,090,000
Apple's enterprise value was aprox. 17.4% higher than Microsoft's enterprise value.
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=54,215,332 * 22 -9,353,870
= $1,183,383,434
Microsoft:
Enterprise Value = Outstanding Shares * Individual Share Cost - Short-Term Debt
=3,095,000 * 22 -0
= $68,090,000
Apple's enterprise value was aprox. 17.4% higher than Microsoft's enterprise value.
Sunday, February 15, 2009
Assignment 4: Friend's Cell Phone
I asked my fraternity brother and roomate, Jake, about his cell phone.
Phone: Palm Treo700w
Carrier: Verizon
Usage:
(While in School) Calls, text messaging, voicemail, alarm, picture, and video recording
(Working over the summer) all of the above, and e-mail
Technology Adoption Life Cycle Category:
I believe that Jake is in the Early Majority category, because he definitely was not one of the first people in line to buy the phone when it came out, nor does he have any sort of deep appreciation or interest in the advancement of the model's technology since its predecessor. However, at the time of buying his phone, it was one of the better choices for what he needed for work, so he purchased it to stay somewhat ahead of the rest technologically.
"What phone would you buy?": Apple Iphone
I do not think this changes his Cycle category.
Phone: Palm Treo700w
Carrier: Verizon
Usage:
(While in School) Calls, text messaging, voicemail, alarm, picture, and video recording
(Working over the summer) all of the above, and e-mail
Technology Adoption Life Cycle Category:
I believe that Jake is in the Early Majority category, because he definitely was not one of the first people in line to buy the phone when it came out, nor does he have any sort of deep appreciation or interest in the advancement of the model's technology since its predecessor. However, at the time of buying his phone, it was one of the better choices for what he needed for work, so he purchased it to stay somewhat ahead of the rest technologically.
"What phone would you buy?": Apple Iphone
I do not think this changes his Cycle category.
Assignment 4: Three Social Interactions
Interaction 1: Wednesday Feb. 11 (around 5:00pm)
I was able to talk once more with the woman who makes sandwiches at the UMBC dining hall. I asked her about how her weekend was, and while that conversation was merely small talk, the subject landed upon her day at work so far. To put it simply, she doesn't seem to enjoy her job or most of the students she deals with. While making my sandwich, she added extra meats that I did not order and told me that I was a growing boy and needed my food. Works for me.
Interaction 2: Friday Feb. 13 (around 1:30 pm)
I went to Party City on Route 40. Upon checkout, the cashier was very polite and friendly. I asked her how her day was going so far, which then led to her asking about what I was buying the outfits for. After paying, she wished me a good time and told me to stay safe that night.
Interaction 3: Saturday Feb. 14 (around 9:30pm)
Feeling hungry, I went to a Wendy's fairly close to campus. After figuring out what I wanted to order, I decided it would be a good time to get in my final HTWFAIP interaction. The man behind the counter's name tag said that his name was Chris. He seemed fairly young so I asked him what's up and if he went to school in the area. Turns out that he used to attend community college, but now just works there. He seemed more upset after answering the question, so my last interaction ended there.
I was able to talk once more with the woman who makes sandwiches at the UMBC dining hall. I asked her about how her weekend was, and while that conversation was merely small talk, the subject landed upon her day at work so far. To put it simply, she doesn't seem to enjoy her job or most of the students she deals with. While making my sandwich, she added extra meats that I did not order and told me that I was a growing boy and needed my food. Works for me.
Interaction 2: Friday Feb. 13 (around 1:30 pm)
I went to Party City on Route 40. Upon checkout, the cashier was very polite and friendly. I asked her how her day was going so far, which then led to her asking about what I was buying the outfits for. After paying, she wished me a good time and told me to stay safe that night.
Interaction 3: Saturday Feb. 14 (around 9:30pm)
Feeling hungry, I went to a Wendy's fairly close to campus. After figuring out what I wanted to order, I decided it would be a good time to get in my final HTWFAIP interaction. The man behind the counter's name tag said that his name was Chris. He seemed fairly young so I asked him what's up and if he went to school in the area. Turns out that he used to attend community college, but now just works there. He seemed more upset after answering the question, so my last interaction ended there.
Sunday, February 8, 2009
Assignment 2: American Entrepreneur re-write
Brian Bell
INDS 430
January 2009
Dreams: The Secret Ingredient
“Wes Jackson is fond of saying that if your life’s work can be accomplished in your lifetime, you’re not thinking big enough” (Chipotle 2007). Wes Jackson, a plant geneticist who founded a nonprofit working to use less harmful chemicals in agriculture, is not my favorite entrepreneur, nor had I even heard of him until I found an empty Chipotle cup in the grass right outside of my apartment. Printed on the side of the cup were the previously stated quote and a short biography of Jackson. And although this man is relatively overlooked, his one quote became the basis in deciding my favorite American entrepreneur: Preston Thomas Tucker.
I am willing to bet that whoever just read that last sentence is thinking to his or herself, “He cheated. All he did was take the other assignment and turned it into two.” But isn’t using one idea or product and expanding and improving upon it the principle of business? Nonetheless, there is a deeper reason that Tucker is now my favorite American entrepreneur.
In researching different entrepreneurs for this assignment, I quickly realized that I could not pick a favorite. I had always admired Ferdinand Porsche due to my obsession for cars and the Porsche Company in general. Unfortunately, halfway through my explorations into his life, I remembered that he was not an American. One of the obvious alternatives would have been Henry Ford, but my prejudices and hatred for the current American auto industry would have completely hindered my ability to write a paper without thinking about dropping the class. The movie “Tucker: The Man and his Dreams” not only appealed to my automotive passion, but it tugged at heartstrings of all viewers by demonstrating pure and true dedication despite the odds and technicalities which plague the entrepreneurs of the 21st century.
From a purely professional standpoint, Tucker was not a successful marketer, learning almost nothing about public demand after his rather unsuccessful armored car. His radical new car design was years ahead of his time, but went nowhere after falling through the first crack of the Technology Adoption Life Cycle (Moore 12). The new product must go through the innovators, early adopters, cross the chasm to the early majority, to late majority, then finally to the laggards. While the chasm between the early adopters and early majority is the most challenging part of marketing a new product, Tucker was unable to even reach that point. The first crack between the innovators and early adopters “occurs when a hot technology product cannot be readily translated into a major new benefit” (Moore 17). While Tucker had a very dedicated group of workers and the support of a few important and wealthy people, the “Big Three” were already producing cars that, as far as the public was concerned, worked just fine. Tucker also did not have a well-established name that early and late adopters look for to mark his company. So why would such an unsuccessful entrepreneur be a favorite on anyone’s list?
Growing up under the guidance of a first-generation immigrant mother, I understood that her dream for me was to study hard, get into a good school, and then get a high-paying and stable career. Interdisciplinary studies in business and film is hardly the ideal for what she had in mind. Not only was it not the ideal, but similar to what people told Tucker, I was also told many times that a future in the entertainment industry is a foolish pursuit and that it will never work, whether it be because I do not know the right people, the industry is too hard to get my foot in the door, or that there are many other people trying to do the same thing. But entrepreneurship is about more than grand success and fortune, although it is a nice plus. Not only did Tucker want to start his own automotive company, he wanted to revolutionize the automotive industry. His plans for disc brakes, fuel injection, torque converters, safety features, and rear-engine placement were scoffed at, ridiculed, and even attacked by the government and large corporations. But just like Wes Jackson said many years later, Tucker’s life work was not to start a company and make a lot of money, after all, he only produced fifty cars and then his company was destroyed. His designs and ideas are still being used in the cars that you and I drive every single day. And whether the final dialogue at the end of the movie was a product of the writers or if it was non-fiction, it represents the backbone and secret ingredient to entrepreneurship: after the court case and fall of his company, it was said that even though people loved his cars, they couldn’t be built. “We made them,” said Tucker, and his partner told him they were only able to produce fifty. Tucker’s sole response? “What’s the difference? Fifty or fifty million, that’s only machinery. It’s the idea that counts, and the dream” (DVD).
Works Cited
Moore, Geoffrey. Crossing the Chasm. New York, NY: HarperCollins, 2002.
“Part 5.” People We’re Pleased to Know. Chipotle. 2007.
Tucker: The Man and his Dream. Jeff Bridges. DVD. Paramount Pictures, 2000.
INDS 430
January 2009
Dreams: The Secret Ingredient
“Wes Jackson is fond of saying that if your life’s work can be accomplished in your lifetime, you’re not thinking big enough” (Chipotle 2007). Wes Jackson, a plant geneticist who founded a nonprofit working to use less harmful chemicals in agriculture, is not my favorite entrepreneur, nor had I even heard of him until I found an empty Chipotle cup in the grass right outside of my apartment. Printed on the side of the cup were the previously stated quote and a short biography of Jackson. And although this man is relatively overlooked, his one quote became the basis in deciding my favorite American entrepreneur: Preston Thomas Tucker.
I am willing to bet that whoever just read that last sentence is thinking to his or herself, “He cheated. All he did was take the other assignment and turned it into two.” But isn’t using one idea or product and expanding and improving upon it the principle of business? Nonetheless, there is a deeper reason that Tucker is now my favorite American entrepreneur.
In researching different entrepreneurs for this assignment, I quickly realized that I could not pick a favorite. I had always admired Ferdinand Porsche due to my obsession for cars and the Porsche Company in general. Unfortunately, halfway through my explorations into his life, I remembered that he was not an American. One of the obvious alternatives would have been Henry Ford, but my prejudices and hatred for the current American auto industry would have completely hindered my ability to write a paper without thinking about dropping the class. The movie “Tucker: The Man and his Dreams” not only appealed to my automotive passion, but it tugged at heartstrings of all viewers by demonstrating pure and true dedication despite the odds and technicalities which plague the entrepreneurs of the 21st century.
From a purely professional standpoint, Tucker was not a successful marketer, learning almost nothing about public demand after his rather unsuccessful armored car. His radical new car design was years ahead of his time, but went nowhere after falling through the first crack of the Technology Adoption Life Cycle (Moore 12). The new product must go through the innovators, early adopters, cross the chasm to the early majority, to late majority, then finally to the laggards. While the chasm between the early adopters and early majority is the most challenging part of marketing a new product, Tucker was unable to even reach that point. The first crack between the innovators and early adopters “occurs when a hot technology product cannot be readily translated into a major new benefit” (Moore 17). While Tucker had a very dedicated group of workers and the support of a few important and wealthy people, the “Big Three” were already producing cars that, as far as the public was concerned, worked just fine. Tucker also did not have a well-established name that early and late adopters look for to mark his company. So why would such an unsuccessful entrepreneur be a favorite on anyone’s list?
Growing up under the guidance of a first-generation immigrant mother, I understood that her dream for me was to study hard, get into a good school, and then get a high-paying and stable career. Interdisciplinary studies in business and film is hardly the ideal for what she had in mind. Not only was it not the ideal, but similar to what people told Tucker, I was also told many times that a future in the entertainment industry is a foolish pursuit and that it will never work, whether it be because I do not know the right people, the industry is too hard to get my foot in the door, or that there are many other people trying to do the same thing. But entrepreneurship is about more than grand success and fortune, although it is a nice plus. Not only did Tucker want to start his own automotive company, he wanted to revolutionize the automotive industry. His plans for disc brakes, fuel injection, torque converters, safety features, and rear-engine placement were scoffed at, ridiculed, and even attacked by the government and large corporations. But just like Wes Jackson said many years later, Tucker’s life work was not to start a company and make a lot of money, after all, he only produced fifty cars and then his company was destroyed. His designs and ideas are still being used in the cars that you and I drive every single day. And whether the final dialogue at the end of the movie was a product of the writers or if it was non-fiction, it represents the backbone and secret ingredient to entrepreneurship: after the court case and fall of his company, it was said that even though people loved his cars, they couldn’t be built. “We made them,” said Tucker, and his partner told him they were only able to produce fifty. Tucker’s sole response? “What’s the difference? Fifty or fifty million, that’s only machinery. It’s the idea that counts, and the dream” (DVD).
Works Cited
Moore, Geoffrey. Crossing the Chasm. New York, NY: HarperCollins, 2002.
“Part 5.” People We’re Pleased to Know. Chipotle. 2007.
Tucker: The Man and his Dream. Jeff Bridges. DVD. Paramount Pictures, 2000.
Sunday, February 1, 2009
Assignment 1
Brian Bell
INDS 430
January 2009
Dreams: The Secret Ingredient
“Wes Jackson is fond of saying that if your life’s work can be accomplished in your lifetime, you’re not thinking big enough” (Chipotle 2007). Wes Jackson, a plant geneticist who founded a nonprofit working to use less harmful chemicals in agriculture, is not my favorite entrepreneur, nor had I even heard of him until I found an empty Chipotle cup in the grass right outside of my apartment. Printed on the side of the cup was the previously stated quote and a short biography of Jackson. And although this man is relatively overlooked, his one quote became the basis in deciding my favorite American entrepreneur: Preston Thomas Tucker.
I am willing to bet that whoever just read that last sentence is thinking to his or herself, “He cheated. All he did was take the other assignment and turned it into two.” But isn’t using one idea or product and expanding and improving upon it the principle of business? Nonetheless, there is a deeper reason that Tucker is now my favorite American entrepreneur.
In researching different entrepreneurs for this assignment, I quickly realized that I could not pick a favorite. I had always admired Ferdinand Porsche due to my obsession for cars and the Porsche company in general. Unfortunately, halfway through my explorations into his life, I remembered that he was not an American. One of the obvious alternatives would have been Henry Ford, but my prejudices and hatred for the current American auto industry would have completely hindered my ability to write a paper without thinking about dropping the class. The movie “Tucker: The Man and his Dreams” not only appealed to my automotive passion, but it tugged at heartstrings of all viewers by demonstrating pure and true dedication despite the odds and technicalities which plague the entrepreneurs of the 21st century.
Growing up under the guidance of a first-generation immigrant mother, I understood that her dream for me was to study hard, get into a good school, and then get a high-paying and stable career. Interdisciplinary studies in business and film is hardly the ideal for what she had in mind. Not only was it not the ideal, but similar to what people told Tucker, I was also told many times that a future in the entertainment industry is a foolish pursuit and that it will never work, whether it be because I do not know the right people, the industry is too hard to get my foot in the door, or that there are many other people trying to do the same thing. But entrepreneurship is about more than grand success and fortune, although it is a nice plus. Not only did Tucker want to start his own automotive company, he wanted to revolutionize the automotive industry. His plans for disc brakes, fuel injection, torque converters, safety features, and rear-engine placement were scoffed at, ridiculed, and even attacked by the government and large corporations. But just like Wes Jackson said many years later, Tucker’s life work was not to start a company and make a lot of money, after all, he only produced fifty cars and then his company was destroyed. His designs and ideas are still being used in the cars that you and I drive every single day. And whether the final dialogue at the end of the movie was a product of the writers or if it was non-fiction, it represents the backbone and secret ingredient to entrepreneurship: after the court case and fall of his company, it was said that even though people loved his cars, they couldn’t be built. “We made them,” said Tucker, and his partner told him they were only able to produce fifty. Tucker’s sole response? “What’s the difference? Fifty or fifty million, that’s only machinery. It’s the idea that counts, and the dream” (DVD).
Works Cited
“Part 5.” People We’re Pleased to Know. Chipotle. 2007.
Tucker: The Man and his Dream. Jeff Bridges. DVD. Paramount Pictures, 2000.
INDS 430
January 2009
Dreams: The Secret Ingredient
“Wes Jackson is fond of saying that if your life’s work can be accomplished in your lifetime, you’re not thinking big enough” (Chipotle 2007). Wes Jackson, a plant geneticist who founded a nonprofit working to use less harmful chemicals in agriculture, is not my favorite entrepreneur, nor had I even heard of him until I found an empty Chipotle cup in the grass right outside of my apartment. Printed on the side of the cup was the previously stated quote and a short biography of Jackson. And although this man is relatively overlooked, his one quote became the basis in deciding my favorite American entrepreneur: Preston Thomas Tucker.
I am willing to bet that whoever just read that last sentence is thinking to his or herself, “He cheated. All he did was take the other assignment and turned it into two.” But isn’t using one idea or product and expanding and improving upon it the principle of business? Nonetheless, there is a deeper reason that Tucker is now my favorite American entrepreneur.
In researching different entrepreneurs for this assignment, I quickly realized that I could not pick a favorite. I had always admired Ferdinand Porsche due to my obsession for cars and the Porsche company in general. Unfortunately, halfway through my explorations into his life, I remembered that he was not an American. One of the obvious alternatives would have been Henry Ford, but my prejudices and hatred for the current American auto industry would have completely hindered my ability to write a paper without thinking about dropping the class. The movie “Tucker: The Man and his Dreams” not only appealed to my automotive passion, but it tugged at heartstrings of all viewers by demonstrating pure and true dedication despite the odds and technicalities which plague the entrepreneurs of the 21st century.
Growing up under the guidance of a first-generation immigrant mother, I understood that her dream for me was to study hard, get into a good school, and then get a high-paying and stable career. Interdisciplinary studies in business and film is hardly the ideal for what she had in mind. Not only was it not the ideal, but similar to what people told Tucker, I was also told many times that a future in the entertainment industry is a foolish pursuit and that it will never work, whether it be because I do not know the right people, the industry is too hard to get my foot in the door, or that there are many other people trying to do the same thing. But entrepreneurship is about more than grand success and fortune, although it is a nice plus. Not only did Tucker want to start his own automotive company, he wanted to revolutionize the automotive industry. His plans for disc brakes, fuel injection, torque converters, safety features, and rear-engine placement were scoffed at, ridiculed, and even attacked by the government and large corporations. But just like Wes Jackson said many years later, Tucker’s life work was not to start a company and make a lot of money, after all, he only produced fifty cars and then his company was destroyed. His designs and ideas are still being used in the cars that you and I drive every single day. And whether the final dialogue at the end of the movie was a product of the writers or if it was non-fiction, it represents the backbone and secret ingredient to entrepreneurship: after the court case and fall of his company, it was said that even though people loved his cars, they couldn’t be built. “We made them,” said Tucker, and his partner told him they were only able to produce fifty. Tucker’s sole response? “What’s the difference? Fifty or fifty million, that’s only machinery. It’s the idea that counts, and the dream” (DVD).
Works Cited
“Part 5.” People We’re Pleased to Know. Chipotle. 2007.
Tucker: The Man and his Dream. Jeff Bridges. DVD. Paramount Pictures, 2000.
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