B183 Intro to Entrepreneurship

This week was the second to last week that we will have in this class. It is important for us to be able to internalize the lessons that we will learn in this life. This week we talked about learning to become financially independent. Financially independent means that we are not necessarily rich, but that we are able to have enough money to sustain our lifestyle that we will have been living in our life. This could be the types of bills that are coming in to our life, or the food that we buy, or any other things in our life. There are ways that we are able to sustain ourselves, without becoming extremely rich. We can put a portion of our paycheck into a savings account, and another part of it into another account that will go towards emergencies. This will be for health bills, or blown out tires, or anything like that that we will not be able to plan for in our lives. When we have that slush fund, it can be allocated for anything that we stand in need of. We also briefly talked about ...

Week 10 was all about reaching our peaks and being able to see the highest that we can to be able to reach our goals in life. We each read a case study about a pair of guys that were wanting to buy a company and they were choosing between a few different companies. Four to be exact. I chose the one about the golf supplies because they had the most amount of clients and the best road to success. This was important to them because if they have clients then they will be able to generate the most amount of income possible. Then I chose that we need to do the same in our lives. When we do the same in our lives, then we will be able to be successful as well. Buying a franchise is good, starting a company from scratch is good, but buying a company that is already good is also awesome. This is good because when you buy a company like that, you are able to then already have the footwork done for you and you don't really have to worry too much about the nitty gritty of starting up a company....

Week 9 we talked about how well we need to prepare for the future. We talked about successful businessman and successful businesswomen who know how to have success. They are able to have the amount of success needed to provide for not only themselves but also the rest of their family for the rest of their life. We also finalized and made sure that we had the amount of money needed to be able to donate to kiva which is the place that you can donate money to help out investors and entrepreneurs from around the world in third world countries. We chose to help people in Paraguay with food. It will help those who might not be able to afford their own food. I know that that would be so hard if you couldn't afford food. Food is a necessity of life, and without food you cannot survive, let alone be an entrepreneur. I also learned a lot of motivational tools that can help me to be successful in my own life. This is important because when I am successful, then I am able to create opportuniti...

In this week we talked a lot about how we can be a better steward over our time. we talked about how we need to always be vigilant because when we are not vigilant then we will end up suffering and that is not what we need to do in life. When we suffer, we do not bring to pass happiness in our life. Instead, we bring to pass things that we do not want to have happen. We talked about Burt’s bees and how the company started up. That was an eye opener to me because I knew about that company already, but I did not know much about the specifics on how they came to be or how they came to be successful. They knew that the way to do this was the way that they wanted to, which was to keep things slow moving and slower paced. But obviously they also wanted to make sure that they could grow up their company, and that would require them to move their business to another place. This was a big decision for them, and they knew that they really wanted to make the right one. I can ...