This week for B283 we have gone over a lot of really good material. Our homework focus over the last couple of days has been to go over our $100.00 challenge and write up a business plan for it as well as a business plan for our "Big Idea" business that we were able to choose. For some reason I thought that this assignment was really hard. Like I said in an earlier post, I never thought that I would ever take a business class, so some of the information that we needed to figure out was something I have never done before. The information I researched was all information that I know I need to know how to find and figure out, but I couldn't help but feel a little overwhelmed at all the bases an entrepreneur needs to have covered. I'm excited to get more familiar with it though! Another reason it was good for me to find that information, is that it really made me look at what I have chosen for my challenge and solidify some of my ideas for the design, look, etc.
Something else I have learned, is how important it is to keep the summary short and to the point and not add a bunch of information that really doesn't need to be included in the plan. So, it made me think about what I was including. Hopefully I did it well! But I know I will get good feed back either way, whether I need to make some change and improve in some area's or I did a good job right off the bat. Hopefully it is the latter.
Saturday, January 31, 2015
Saturday, January 24, 2015
So far for my $100.00 challenge I think that I have narrowed it down to the one I want to do. I still have some research to do to get all the little kinks and makeup worked out, but I am very excited to get going on it and seeing the results I will get! My idea for this challenge is to make teething necklaces that will help keep teething babies occupied and not focused on their discomfort. As I said, I am still working on the design, but I am very hopeful! I am currently living in Rexburg where there are teething babies galore. My baby is currently teething and have found certain things that he likes to chew on verses others that seem to help with his discomfort.
This week I feel like I have learned a lot. I don't know what I should focus on! There have been a few that have stood out to me, one thing in particular that has seemed to stand out to me was from the book that we are currently reading (E-Myth Revisted). I have only read the first couple of chapters but it focused on a lady that opened a pie shop because she loved to bake pies! Years down the road, she came to hate it. It talked about this batter that was going on between being an Entrepreneur, a Manager, and the Technician. She felt like she had to be everything, and it was draining her. I haven't fully gotten through this part yet, but it was going to go on to tell how to fix that problem. I think people often go into business thinking that they are going to make all this money and that it is going to be this crazy easy thing. When in actuality, you don't. Not at first anyways. I am excited to continue through this book and figure out how to solve those problems that all entrepreneur's face. Another thing that stood out to me comes from today's study topics. We learned about Tom Monaghan and his thriving Dominoe's Pizza!! He is inspiring. But what stood out to me was how selfless he was, and how he checked himself and his pride. And he sold his business and went into helping others become successful people. He used his money to better others. I think that that is something that is so important to remember. That it isn't all about the money or even the success necessarily, but it is about what we do with our success and our attitude towards life and being successful people. We could be like Tom Monaghan or we could be like the person on the opposite end of the spectrum, that often time becomes bitter in his pride and success. I learned that our happiness does not come from material gain.
This week I feel like I have learned a lot. I don't know what I should focus on! There have been a few that have stood out to me, one thing in particular that has seemed to stand out to me was from the book that we are currently reading (E-Myth Revisted). I have only read the first couple of chapters but it focused on a lady that opened a pie shop because she loved to bake pies! Years down the road, she came to hate it. It talked about this batter that was going on between being an Entrepreneur, a Manager, and the Technician. She felt like she had to be everything, and it was draining her. I haven't fully gotten through this part yet, but it was going to go on to tell how to fix that problem. I think people often go into business thinking that they are going to make all this money and that it is going to be this crazy easy thing. When in actuality, you don't. Not at first anyways. I am excited to continue through this book and figure out how to solve those problems that all entrepreneur's face. Another thing that stood out to me comes from today's study topics. We learned about Tom Monaghan and his thriving Dominoe's Pizza!! He is inspiring. But what stood out to me was how selfless he was, and how he checked himself and his pride. And he sold his business and went into helping others become successful people. He used his money to better others. I think that that is something that is so important to remember. That it isn't all about the money or even the success necessarily, but it is about what we do with our success and our attitude towards life and being successful people. We could be like Tom Monaghan or we could be like the person on the opposite end of the spectrum, that often time becomes bitter in his pride and success. I learned that our happiness does not come from material gain.
Friday, January 16, 2015
I never thought that I would ever take a business class in my college career. I work with clothing and dance! Not money. But, as I'm coming to the end of my college career, I am realizing more and more that what I am currently learning through my career of choice, is one that really won't do me a whole lot of good, unless, I have something that will back it up. And although I am just starting, I have already learned so many tricks that will help me in the future, if I ever decide to create a clothing line or open a dance studio. And those tricks that I am getting a glimpse of will help me make the right decisions when it comes to promoting my product to the right target market, it will help me know where to even start!
Currently, we are learning about other business men and women and how they have made the success happen. I am learning that I have very big shoes to fill in the business world should I decide to take my ideas to that level of actually starting a business and whether or not it would be worth doing. One of our assignments that we have to complete is called the $100.00 challenge. We have to start a business, making at least $100.00 profit, and then donating our profits to Kiva. I think my biggest challenge with this assignment so far is that I am having a hard time thinking on a smaller scale. I would love to start a clothing line or something in the fashion industry, but, I need to make myself think smaller than that. At least for now. I am trying to think of something that will really work and take off in a small town like Rexburg, Idaho. Something that will be inexpensive, but wanted by the students and locals of Rexburg. Am I completely wrong for being in that mindset of big? Or am I right, and do I need to scale it back. This is my dilemma. I know I will think of something, but I also don't want to think too small.
We have been reading a book of our choice this week, and I am reading Good To Great by Jim Collins. Something that I just recently read that stood out to me are located on pages 39-41. He says this "Start a "Stop Doing" list". He talks about Kimberly Clark in particular, and mentions how they have come from a good to great company. They eliminated things that essentially, were not bettering them in any way, and now they are a "great" company and one of the leading paper companies. He talks about how we have "to do" lists and that we should also have "to stop doing" lists. We have to learn how to eliminate things within our companies that may be holding us back and not helping in pushing us forward. I thought that that was an interesting concept and awesome way of thinking. We have to learn how to "de-clutter" in a sense.
Currently, we are learning about other business men and women and how they have made the success happen. I am learning that I have very big shoes to fill in the business world should I decide to take my ideas to that level of actually starting a business and whether or not it would be worth doing. One of our assignments that we have to complete is called the $100.00 challenge. We have to start a business, making at least $100.00 profit, and then donating our profits to Kiva. I think my biggest challenge with this assignment so far is that I am having a hard time thinking on a smaller scale. I would love to start a clothing line or something in the fashion industry, but, I need to make myself think smaller than that. At least for now. I am trying to think of something that will really work and take off in a small town like Rexburg, Idaho. Something that will be inexpensive, but wanted by the students and locals of Rexburg. Am I completely wrong for being in that mindset of big? Or am I right, and do I need to scale it back. This is my dilemma. I know I will think of something, but I also don't want to think too small.
We have been reading a book of our choice this week, and I am reading Good To Great by Jim Collins. Something that I just recently read that stood out to me are located on pages 39-41. He says this "Start a "Stop Doing" list". He talks about Kimberly Clark in particular, and mentions how they have come from a good to great company. They eliminated things that essentially, were not bettering them in any way, and now they are a "great" company and one of the leading paper companies. He talks about how we have "to do" lists and that we should also have "to stop doing" lists. We have to learn how to eliminate things within our companies that may be holding us back and not helping in pushing us forward. I thought that that was an interesting concept and awesome way of thinking. We have to learn how to "de-clutter" in a sense.
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