Entrepreneurial Journal #13 – Week 13 – A Final Lecture

So, you want to be an entrepreneur? That is a worthy goal! It is something that I commend you for and congratulate you for wanting to do. There are many people out there who are not up for the challenge. It is a challenge in a lot of respects. You wear a variety of hats and need to encompass a variety of different business skills to create, operate, and fund a business. It is a challenge, but a very rewarding one to say the least that can bring forth much good to both the world and to the lives of those you meet. In this blog post, I want to share with you my final piece on entrepreneurship. I want to take the lessons that I have learned this semester and share my advice for wanting to become an entrepreneur. I will try to speak as simply as I can in this aspect and summarize what could take an entire book to accomplish. Without further ado, here is what I would say.

Prior to taking this Small Business Creation class, I took a beginning entrepreneurship class in a previous semester that introduced this topic of entrepreneurship. With everything that was taught in that class, the biggest takeaway that I had received was the importance of being a good person to entrepreneurship. Before anything else, it begins with who you are as a person. What you value? What are your characteristics? What are your reasons for getting into entrepreneurship? Before anything else, I would strongly advise to answer everyone of these questions. Look to Christ as the standard for who you want to be like and try to match yourself with Him. Pattern your life after His and act in accordance as He would live. Christ is the perfect example for everything in life; including entrepreneurship. Look to Him and follow Him and doing that, alone, will help you greatly in your life and in your entrepreneurial pursuits.

Once you take a brief examination of yourself, the next thing I would advise is for you to determine what you would want to do with entrepreneurship. Look at you dreams and your hobbies and find something that you could turn into a profitable venture. In examining each of these things, find some type of problem that you can fix through your business. Pray for guidance and inspiration that you may be shown these things and have the knowledge as what you could do in creating this idea. Once you come up with your idea, think of a plan to carry this out. Look at its content and how you will distribute this service. Look at its costs and how you will fund this venture. Look at ways you will market and advertise this product. You’ve come up with the idea; now fill in the missing pieces through each of these steps.

Once you’ve determined a business opportunity and have created a plan of action in carrying it out, now comes the fun of bringing it to life. Utilize the habits and skills that you’ve developed and the characteristics that are you and go out there, work hard, and look to make your mark. In business and in a many other things, there are lots of different strategies that one can take to aid them in their performance, but there are many things in life that you just have to do it and this next step is just that. Just do it! Carry out the plan! Put yourself out there! Don’t care what others think or say and just get it done!

Hopefully in your business ventures you will find success. Hopefully you can utilize everything that I had mentioned and make it your own. A few parting words of advice that I would like to leave you with is the need to continually learn. Entrepreneurship and business are continually evolving and its important to continually learn and better yourself. “Sharpen the saw” as Stephen Covey puts it and, in all things, learn everything that you can. Learn from books, learn from your peers, learn from your mentors, and, especially, learn from your mistakes. See what mistakes come and don’t make them again! Making mistakes can cost you big in the long run, so learn from them. Also, be content with failure. Not every venture will be successful, so learn from your failures and look to them as a stepping stone for success. In addition, be willing to take risks. Risks are what separate an entrepreneur from an individual person. Be willing to take risks and gamble the farm in some ways. In all things, look to the Lord for guidance and He will bless you with it. Look to serve those with your idea and better the world around you and everything else will fall into proper place.

These are my final words of encouragement and what I had learned both in this class and in my own personal experience. I hope that those who read this can look to it for what its worth and apply it into their lives and in their own business ventures. I am grateful for all that the Lord has blessed me with and for this opportunity to be in such a phenomenal class this semester! I am grateful for our instructor Bro. Broderick; for his example and his experiences in this field and I hope that I, too, can continue to live these teachings and make them my own. I am grateful for this incredible semester and for the blessing of being an entrepreneur!

Entrepreneurial Journal #9 – Week 9 – Growth

This was yet another great week for this class! It was hard to pinpoint exactly what the topic for this week was; for we had so many assignments that had similar topics, but not one overriding one. The main takeaway that I had for this week involved growth. This was a reoccurring subject in each one of our assignments and readings. It is also a principle that is central both in terms of entrepreneurship and in the Gospel of Jesus Christ. One example of growth that we read about was the experience of Roxanne Quimby. Roxanne Quimby is the co-founder and former owner of Burt’s Bees. The assignment that we had on her revolved around the growth of her business; its founding, development, growth, and transition into a new location. The case study left us with the question of whether or not Roxanne should stay or go. My decision that I had written was for her to stay and not go back. Her company needed to stay in North Carolina and grow rather than retreat back to the way things used to be. The company was at its current peak and was waiting to be unleashed and expanded. I feel like life is sort of like that in many ways. We have all of this potential and yet find ways to continue to hold ourselves back. Whether it be our self-doubt, our sins, our past, others. We just need to break hold of those barriers and make progress in any way that we can. We need to continue to travel upwards; continue moving forwards; have faith in the future; and continue to work at it with all that we got. The world will continue to change. Society will continue to change. Technology will continue to change. Heck, the way that we do business will continue to change. The only question that remains is whether or not we will move together with the times? Will we be that old man who continues to relish in his glory days or will we be one with the times? It’s a lot to think about, but very much needed.

Just a thought that came to me as I look over this week. Many of our assignments revolved around that topic. We read a talk from Elder L Tom Perry on the subject of growth in the Church. Our HMM assigment on Process Improvement had much to say about growth and improvement. Even our Action Hero, Catherine Rohl, created an organization centered in growth and change. Change (and might I add repentance) needs to continue to be a constant in our lives always and the need for improvement should always remain with us. This was a phenomenal week! I look forward to all that lies ahead and what next week’s holds in store for us; both in this class and in life! Happy Thanksgiving!