Week 6. A satisfying, almost-halfway through the semester
kind of week. Workloads in many classes have been increasing, but this week for
this class wasn’t too bad.
I felt that this week was mainly focused on, do you really
want to be an entrepreneur? There was some thought inducing videos about family
and the importance of it even while creating a business. The main point in those
is that you cannot sacrifice your family for the business. Your responsibility
to them and to God must take priority over the business work to achieve success
and happiness.
We also read an article called, “How Entrepreneurs Craft
Strategies That Work” which was very interesting as well.
The article went through several ventures and some of what
might be called standard criteria for opening or starting a business. There
were a few interesting points on the benefits or opportunity costs of planning
very well vs just diving straight in. While planning worked well for some, it
didn’t work as well for others. In fact, it addressed the possibility of the
idea no longer being good if one waited too long. I think that’s even truer in
today’s world due to the amount of technology we have available. Just because
you have an idea, it won’t stick around for you if there is actually a demand
for it and there are so many people out there looking for something great to
do.
Bottom line, there is risk, but if you can look, act, and
take changes into stride, you could do very well.
Until next week!
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