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Promise Obamoruwa 9/19/19University middle school grade 7How did you get the background and skills necessary to run this type of business?Iobtained my skills by just trying new things with stocks. trial and error. I was tiredof being poor and i didnt want to work for anyone.How do the social, economic, environmental, technological, legal and politicalenvironments impact your business? environment is a big factor i've come up withsome concepts since hurricane Harvey to have a business that could withstand andkeep running during tropical storms and hurricanes. in extreme cases, I can rerouteall my business operations through european servers which maintain and keep thesoftware running.Do you know who your competitors are? i don't consider myself to have anycompetitors. it's all in a matter of how much money you want to make and when. it'snot so much on trying to be better than somebody else.How do you market your business? How are people aware of your business?i dontcurrently market anything as there's not much to market. although there are plans tointroduce assets people can invest into through our marketplace.Where do you see your business in the next year? In the next five years? The nextten years?the business next year will be worth close to $100,000. I'm aiming for $1million. I'm very confident I can at least meet $100,000. Next 5 years will be agreat big change. if things keep going as they are, investors will be added, ads willbe shown nationwide, social media as well as billboards.i'm planning on expanding toeastern europe next year. it will be to see where the market is and how my companycan contribute to a global economy. from there we can create an expandable marketfor multiple companies anywhere in the world. I know europe is in a startup boom andsome countries are geared towards becoming centralized hubs.How did you get started in this business?i got started in this business more on atest of theory. nothing was tested before hand. there were theories that seemedinteresting. when i came up with the idea, i registered the business 30 minutes later.i knew i was on to something.How has technology, such as computers and the internet, impacted on how youconduct business? technology plays a big part. i built all the software myself. everypiece of software i use is an investment strategy. like i mentioned before, if there'san environmental issue, we can send our resources to outsource our software outsidethe country to avoid any operational delays and difficulties. i see the software we uselike a modern day oil well and refinery. anyone can use a shovel to dig into the groundand find oil. but it takes a system of processes to turn it into something valuablethat can be distributed to others. i see data the same way. anyone can get acomputer, but there's software that is needed in order to process it into informationwithin a reasonable time period.Why is your business located at this site? i put my business on discord becausethere's entrepreneurs an investors on discord. people i can learn from. i seek advicefrom people smarter than me. people in real estate, people who hold multiple creditcards, people who fly planes, a multitude of things i wouldn't accomplish if i didnthave people to receive insight from. even a bit of rivalry.Whom do you seek advice from for your business?people who have achieved much more than me. some are even ex-military. who seemuch more in me than i do.What do you do with your profits? the profits are currently being held into cashreserves. with a talk about a recession, the business is in conservative mode. it'svery liquid currently. but in the future, the profits will be able to invest in globalcompanies and encourage an import/export

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UMS ENG 123 - Assignment

Course: Eng 123-
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