The Hypothetical Entrepreneur – Have You Got It?

From Adam Scouse:

You have a great idea that is going to sweep the nation, so you have decided to start a business. However, before you start, Jim Flowers wants to know if you have what it takes.

Jim Flowers, director of business acceleration center VT KnowledgeWorks, calls it moxie.

My generation would call it guts. Either way, in order to succeed as a small business owner, you need it.

Along with my drive to create a powerful product that is different from those of competitors, I need to take some time to better inform readers about my situation. As Thoreau wrote in Walden “I should not talk so much about myself if there were anybody else whom I knew as well.”

After considering some feedback from fellow bloggers on Handshake 2.0 here and here  (thanks you guys!), there are a number of questions that I need to answer. The largest of these questions pertains to how I will be getting my supply of ginseng. Because I am considering this business from a student’s standpoint, I will not try to grow my own supply of ginseng by obtaining land. I do not believe that enough college students have the capital or credit available to purchase the required land. To learn more about wild-simulated, woods-grown ginseng, I recommend checking out page three of Virginia Tech's fact sheet about the herb.

Instead, I would like to center my focus on acquiring ginseng from public lands. From a student's perspective, this more accurately describes how non-timber forest products can be used in an effort to supplement income while allowing ginseng collection to be done according to best practices–and to fit a student’s own schedule.

Note from Anne Clelland:  As a member of the Virginia Tech Rugby Club, Adam Scouse understands the need for the business fundamentals of scheduling, teamwork and competition.

Adam Scouse - Scrumhalf - Virginia Tech Rugby Club

Adam Scouse - Scrumhalf - Virginia Tech Rugby Club

You can follow the full series of posts by Adam Scouse for Handshake 2.0 at The Hypothetical Entrepreneur.

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