My Entrepreneurship Journey

 Insights from the article "What's a Business For?": Based on what you read in the first two pages (pages 3 and 4), why are virtue and integrity so vital to an economy? Because history has taught us the moment people stop trusting in the large companies’ businesses will collapse. Such as the housing market of 2008 when the banks let people borrow what they wanted and then the people couldn’t pay back the loans or even make payments on the loans and the whole county went into a recession. This happens on all areas of business if consumers or employees lose trust in the business sooner or later that business will collapse.  According to Charles Handy, what is the “real justification” for the existence of businesses? The “real justification" for the existence of businesses is to change the world. To make positive changes is one’s neighborhood, town, state, country and even the world. If a business is only for profit sooner or later, it will run itself into the ground, b...

 What is your attitude toward money? I think money by itself is not evil. It just is a means to an end. It is fine If one does not become addicted to it. Money is also a two-edge sword. On one side having too little of it can be crippling and on the other having too much of it can consume you. How can your view of money affect the way you live? My personal view of money is a principle I have learned over the years. The principle of just enough. Just enough money for my needs and maybe very little with the things I want to buy eventually.  I grew up poor and have struggled with not enough money more times than I can remember. However, I also know how to manger my money pretty well because of these experiences. If there is one thing, I know how to do it is pinch a penny. Meaning I know who to be frugal and find ways to may a dollar go further. I never thought this would be a blessing in my life ever, but it is. Apparently not everyone has this skill and will struggle badly when ...

 I really enjoyed the talk called, “The Challenge to Become” by Elder Dallin H. Oaks.  We cannot just be lukewarm in our convictions of Christ and by extension our everyday lives.  We either must be all in or we will crumble under all the pressure eventually.  If we are to have big dreams and accomplish those dreams, we need to set big and small goals. The small goals are like steppingstones to the bigger goals down the road.  We can also set goals in living the gospel. For example, if we set a goal towards studying the scriptures daily, we could set a goal  to read them 10 minutes a day or one verse a day. I believe the one verse a day can help to obtain 10 minutes a day in a few weeks. In a business for example we could set a goal to advertise our business to at least one person a day. This could become 14 people a week in a few weeks.   Small measurable steps can help us climb the next big goal boulder to eventually climb the whole mountain. On...

 For this week’s class readings, I really enjoyed learning about how good companies can become great companies. The guidelines to accomplish this transition seem very straight forward after being explained: 1. Leadership a. The leaders of great companies are not the high-profile people seen every day (CEO etc.) but are the ones in the trenches working to make the company a better place day in and day out. b. My dad always told me, “A great leader will do anything he asks someone else to do. He is not afraid to get his hands dirty I the trenches of life.” 2. First who than what a. Find the right people to find the right objectives and they will get the work done. Hire kind people and your business will thrive.  3. Confront the True Facts a. Always check the facts and always be honest, everything else will fall into place. Do not take on the market unless you understand the market’s pitfalls and triumphs.  4. Hedgehog idea a. This was a very interesting co...