My Final Lecture

What a semester it has been. This class has allowed me to gain some interesting and useful insights on what is might be like to be an entrepreneur and there are some key things that every entrepreneur should know and remember. First thing to remember is who you are and what you stand for. When you engage in any business venture, first make sure that you define your core values and what you stand for. That way when opportunities come up to be dishonest, unlawful, or whatever it may be in a way that would benefit your company, the decision is easy. This may sound obvious but remember you employees act in your company name. they as well as you, must know and live by the core values your company is built on. Some other things that are key to remember when starting a business are do your research, obtain the right amount of funding, be passionate, and find the right balance between working in your business and working on your business. So many of the case studies we read about failed because they did not understand what market they were entering. Its super important to know your target market and what they want as well as competition, demographic, and so on or you may run into unexpected downfalls. The biggest issue that causes start ups to fail is insufficient capital. My father always said define out have much money you need and get and then double it and get that much money to start your business. Be sure to be frugal and calculated in the purchases you make. Business is about passion and creativity and problem solving. Be fully invested in what you set out to do but at the same time remember to not get too caught up in the day to day and spend time trying to plan and expand. In the end, put your heart into it anything you do, give back to society and serve, and keep moving forward. I am excited to get started with my entrepreneurial adventures and to apply all the things I have learned.

Coming to a Close

I have learned a lot of things this semester about starting a business and the time and energy it takes to do so. This week we studied a lot about failure and risk taking and overcoming hardships to push through and be successful. Some of the most successful people in the world today failed miserably when they first started out. People like Thomas Edison and Michael Jordan but it was that failure that really drove them to overcome, to push through, and to prove themselves. Anyone in this world can do great things. But everyone who tries is going to fail at some point or another. That is the beauty of risk taking. Some risks work out and some don't but if you let the ones that don't define you, you will fail yourself. Get back up and keep trying. Make changes and attack at new angles and something that I want to remember forever is never let anyone tell you what you can and cannot do; find out for yourself.
My 100 challenge ended up with a growing success. I only had sales in the last two weeks and it was a scary thing to think I might not make a single dollar. Half way through I took a risk to purchase another product to sell and it payed off. The risk went my way in that case and I'm grateful for it. My business will continue to grow and make more and more money now and I am grateful for the lessons I learned through this course and this assignment in particular. I was able to reach and exceed my goal of over 100 dollars in profit and I actually look forward to donating it to some other entrepreneur that needs the start up money. Funding like that can change a mans or a woman's life forever. Its not just a give away that someone is going to throw away, but it can enable them to create a business that could support them and their family for generations and not to mention help them to fulfill their dreams.