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!

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Entrepreneurial Journal – Week 2 – Planning

This week included a plethora of activities and assignments. It first started off with our first book report of the semester being due and ended on a Harvard Manage Mentor assignment on the topic of innovation and creativity. From reading the book Rich Dad, Poor Dad to the remainder of our assignments, I was reminded of a quote that my Mission President shared with our mission that has stayed with me since. I had the opportunity of visiting with him this weekend at a mission reunion and that experience coupled with this week’s assignments reminded me of his wise words and counsel. The quote is this: “Prior proper planning positively prevents poor performance.” 

I believe planning should be at the forefront of all we do. We should decide and envision, as I spoke of in last week’s journal, where we want our end result to be and then take the necessary steps in order to achieve that. Those stepping stones are included in the planning process. I remember times throughout my life this principle reinforce in many ways. My mission was one of them. If we did not plan for who we taught, we felt limited and unprepared in or material and what to say. I believe this is an important step and truly it will help us to prevent poor performance throughout our lives.

In this class, it seems like we are really making a push as to the many upcoming assignments that we will participate in this semester. We brainstormed and came up with five ideas to do for our $100 Challenge. We read a Harvard Case Study on Andy Wilson and the famous Boston Duck Tours of 1996. Both assignments taught us the preparation and planning aspects of business and both were singularly important preparation assignments for our future in this class. I look forward to all that lies ahead on this journey through this class. I hope that I can continue in the wise counsel shared by my Mission President and continually make planning central to my life. We heard much counsel and wisdom shared by our leaders this weekend in General Conference. May we go forth and plan for how we will implement this counsel. I know doing these things can only help us if we want both success and happiness in this life. Remember: “Prior proper planning positively prevents poor performance.”