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.